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BIPI

BIP Bermuda Holdings I Limited

BIPI

BIP Bermuda Holdings I Limited • NYSE
$17.15 ▼ -2.00% (-0.35)
Market Cap $13.63 B
52w High $18.66
52w Low $15.20
Dividend Yield 1.28%
P/E 0
Volume 39.48K
Outstanding Shares 794.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2022 $3.681B ▲ $108M ▲ $425M ▼ 11.546% ▼ $0 $930M ▲
Q2-2021 $2.663B ▲ $96M ▲ $1.306B ▲ 49.042% ▲ $0 $738M ▲
Q3-2009 $0 $0 $40.7M 0% $0 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2022 $30M ▲ $878M ▼ $0 $0
Q2-2021 $6M ▲ $1.156B ▲ $0 $0
Q3-2009 $0 $547.7M $0 $0

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2022 $425M ▼ $0 $-584M ▼ $-690M ▲ $0 $0
Q2-2021 $1.306B ▲ $0 $2.018B ▲ $-2.476B ▼ $0 $0
Q3-2009 $40.7M $0 $0 $-6M $0 $0

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a pattern that looks more like a financing vehicle than a traditional industrial company. Reported revenue has grown steadily over the last few years, while operating profit has stayed broadly stable, meaning the core margin has been relatively resilient. Earnings were solid and improving up to 2021, then eased back in 2022 but remained positive. The swing from a loss to a profit at the EBITDA level earlier in the period suggests the business has already moved through its main restructuring or setup phase and is now in a more mature, stable earnings mode. Overall, this is a profitable but fairly low‑growth, utility‑like profile that reflects its role in supporting the parent rather than competing in an open market for customers.

Balance Sheet

Balance Sheet The balance sheet changed dramatically in the most recent year, with reported total assets and equity dropping to very low levels. This likely reflects internal restructuring, accounting changes, or shifts in how the parent organization books assets, rather than a simple operational deterioration. There is no reported financial debt at the subsidiary level, which suggests that obligations sit mainly in the securities it issues and guarantees tied to the parent. Cash on hand is modest, so the entity appears designed to be tightly integrated into the broader Brookfield Infrastructure funding structure, not to operate independently with a large capital base of its own. The key risk is that the subsidiary’s strength is highly dependent on the parent’s balance sheet and support.

Cash Flow

Cash Flow There is no disclosed detail on operating cash flow, capital spending, or free cash flow, which makes it difficult to judge the quality and stability of cash generation on a standalone basis. In practice, because this is a financing arm, its cash flows are largely determined by interest income and expenses, distributions and guarantees within the Brookfield group, and the terms of the securities it issues. That means traditional cash‑flow analysis used for operating companies is less informative here; the main lens is the reliability of payments from the parent and the structure of the notes rather than organic cash generation from products or services.

Competitive Edge

Competitive Edge BIP Bermuda Holdings I Limited’s competitive position is essentially borrowed from its parent, Brookfield Infrastructure Partners. The subsidiary does not compete in a product marketplace; instead, it benefits from Brookfield’s global scale, long track record in infrastructure investing, diversified portfolio, and strong access to capital. Its securities are backed by a broad set of infrastructure assets across utilities, transport, midstream, and digital networks. The moat, therefore, comes from Brookfield’s reputation, relationships, and asset quality, not from any unique capability at the BIPI level. A key risk is that investors and counterparties are relying on the ongoing health and discipline of the overall Brookfield platform.

Innovation and R&D

Innovation and R&D BIPI itself does not conduct research and development or create new technologies. Its role is purely financial: issuing notes and other instruments to fund Brookfield Infrastructure’s growth. The innovation story sits with the parent, which is investing heavily in data centers, digital infrastructure, and assets tied to artificial intelligence and semiconductor supply chains. Through this structure, BIPI is indirectly linked to those innovation themes, but its own performance is driven by financing terms and capital allocation decisions, not by technology development. Anyone assessing “innovation risk” here should look primarily at Brookfield’s strategy and execution, rather than expecting R&D at the subsidiary level.

Summary

BIP Bermuda Holdings I Limited is best viewed as a financing conduit for Brookfield Infrastructure, not as a standalone industrial operator. Its income statement shows steady, utility‑like profitability rather than high growth. The balance sheet has been reshaped so that it now carries very limited reported assets and equity, highlighting how tightly it is integrated with the parent’s structure and emphasizing reliance on Brookfield’s broader financial strength. Missing cash‑flow data and the entity’s specialized purpose mean traditional operating analysis has limited use; the real drivers are the parent’s asset quality, diversification, and capital discipline. The upside is exposure to a large, global infrastructure platform that is actively investing in digital and AI‑related assets. The key risk is concentration: BIPI’s fortunes are closely tied to the credit quality, strategy, and governance of Brookfield Infrastructure as a whole.