Great-west Lifeco Inc. · TSX:GWO
Great-west Lifeco — Merger or Acquisition (April 2023)
12 slides from Great-west Lifeco's merger presentation, Apr 3, 2023
Slide 1: Canada Life to Acquire Investment Planning Counsel (IPC)
Canada Life to Acquire Investment Planning Counsel (IPC) April 3, 2023
Slide 2: Cautionary Notes
CAUTIONARY NOTES CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This document may contain forward-looking information. Forward-looking information includes statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “will”, “may”, "e
Slide 3: Canada Life to Acquire IPC
CANADA LIFE TO ACQUIRE IPC • Canada Life has agreed to acquire IPC, a leading independent Canadian wealth management firm, from IGM Financial Inc., for a cash consideration of $575m Acquisition of • The business has $31B of assets under administration (AUA)1, including $6.4B in assets under manageme
Slide 4: IPC Overview
IPC OVERVIEW IPC’s wealth management business at a glance IPC AUA1, $B • Independent Canadian wealth management dealer with $31B AUA1 Assets on IPC One or IPC Manufactured product • Diversified offering serving changing client and advisor needs: Third-party managed on traditional dealer platform • M
Slide 5: Adds Significant Scale, Positioning Canada Life Among Top Non-Bank Wealth Management Platforms
ADDS SIGNIFICANT SCALE, POSITIONING CANADA LIFE AMONG THE TOP NON-BANK WEALTH MANAGEMENT PLATFORMS Select non-bank wealth management peers, by total assets under administration1*, $B Segregated fund assets Mutual fund and securities dealer assets + = 121 111 105 23 84 85 77 64 35 33 54 46 46 98 38 3
Slide 6: Enables Independent, Financial Planning-Led Wealth Advisors to Support a Broader Range of Client Needs
ENABLES INDEPENDENT, FINANCIAL PLANNING-LED WEALTH ADVISORS TO SUPPORT A BROADER RANGE OF CLIENT WEALTH MANAGEMENT NEEDS Increasing client affluence and solution complexity Across the wealth spectrum, Canada Life will: Bank advice ✓ Mass market: Support advisors by models effectively servicing clien
Slide 7: Elevates Canada Life's Advisor Value Proposition Across Each Stage of the Advisor Lifecycle
ELEVATES CANADA LIFE’S ADVISOR VALUE PROPOSITION ACROSS EACH STAGE OF THE ADVISOR LIFECYCLE, INCLUDING SUCCESSION AND RETIREMENT Scale and reach Solutions and capabilities Succession and retirement ✓ Recognized leadership in ✓ Field and practice management ✓ Succession, teaming, and Individual Insur
Slide 8: Acquisition Enhances Canada Life's Wealth Strategy, Benefiting Key Stakeholders
ACQUISITION ENHANCES CANADA LIFE’S WEALTH STRATEGY, BENEFITING KEY STAKEHOLDERS Client Advisor Shareholder ✓ Greater access to integrated ✓ A broader range of ✓ Strengthen margins through personal wealth and competitive solutions will an expanded range of protection advice, a spectrum allow advisors
Slide 9: Transaction Details
TRANSACTION DETAILS • Purchase price of $575m, subject to closing adjustments • Purchase price represents 13x proforma 2023 EBITDA1 of $43m, which includes immediate Transaction Terms expected fixed cost savings • Transaction will be financed from cash on hand • IPC will continue to operate independ
Slide 10: Key Take-Aways
KEY TAKE-AWAYS With IPC, Canada Life is accelerating its vision to establish a leading wealth management platform for independent advisors and their clients Adds significant scale to Canada Life’s existing platform positioning it for organic growth and further investment in market consolidation Prov
Slide 11: Q&A
GREAT-WEST LIFECO Q&A
Slide 12: Canada Life to Acquire Investment Planning Counsel (IPC)
Canada Life to Acquire Investment Planning Counsel (IPC) April 3, 2023
Great-West Lifeco — Merger or Acquisition (April 2023) on 6ix