Power Financial Corporation · TSX:PWF.PF.A
Power Financial — Shareholder Meeting (2017)
84 slides from Power Financial's shareholder meeting presentation, 2017
Slide 1: 2017 Annual Shareholder Meeting
2017 Annual Shareholder Meeting
Slide 2: Forward-looking statements
In the course of today’s meeting, officers of the Corporation may make, in their remarks or in response to questions, The listener/reader is cautioned to consider these and other factors, uncertainties and potential events carefully and and the accompanying materials may include, statements containing
Slide 3: 2016 Net Earnings and Adjusted Net Earnings
2016 ($ MILLION) PER SHARE ($) Net Earnings 1,919 2.69 Adjusted Net Earnings 2,105 2.95 attributable to common shareholders POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 4: Dividends per Share
Dividends per Share $1.65 $1.57 $1.49 $1.40 $1.40 2013 2014 2015 2016 2017 (annualized) POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 5: Return on Equity
Return on Equity 12.7% Adjusted Net Earnings POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 6: Industry Environment
| POWER FINANCIAL CORPORATION Industry Environment
Slide 7: Power Financial Corporation
| POWER FINANCIAL CGORPORATION
Slide 8: Over 30 million clients
Over 30 million clients POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 9: Assets under administration and management
Assets under administration $1.4 trillion Assets under management $792 billion POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 10: Power Financial Corporation
| POWER FINANCIAL CGORPORATION
Slide 11: Great-West Lifeco Inc.
GREAT-WEST INC.
Slide 12: 2016 Net Earnings Contribution to Power Financial
Contribution to 2016 Net Earnings Power Financial $2,641 $1,790 million million attributable to common shareholders POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 13: Paul Mahon, President and CEO
Paul Mahon President and Chief Executive Officer POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 14: Great-West Life
GREAT-WEST LIFECOr«
Slide 15: Stefan Kristjanson, Canada
Canada Stefan Kristjanson President and Chief Operating Officer Canada POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 16: Canada
CANADA POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 17: 13 million people; 1 in 3 Canadians
more than 13 million 1 in 3 people Canadians POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 18: Canada
GREAT-WEST FECOr« Canada
Slide 19: Digital Focus
Digital Focus 88% of the 56 million health and dental claims in 2016 were processed digitally POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 20: Digital Focus
Digital Focus POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 21: Canada
GREAT-WEST FECOr« Canada
Slide 22: Robert L. Reynolds, United States
United States Robert L. Reynolds President and Chief Executive Officer Great-West Lifeco U.S. POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 23: United States
U NIT E D STAT ES POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 24: Years
100 years POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 25: Over 8.2 million individuals
Over 8.2 million individuals 2nd-largest record keeper of defined contribution pension plans in the U.S. POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 26: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 27: United States
U NIT E D STAT ES POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 28: Industry Recognition
Industry Recognition POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 29: United States
U NIT E D STAT ES POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 30: Arshil Jamal, Europe and Reinsurance
Europe Arshil Jamal President and Chief Operating Officer Europe and Reinsurance POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 31: Europe
GREAT-WEST COnc Europe
Slide 32: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 33: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 34: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 35: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 36: OM
OM
Slide 37: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 38: Jeffrey R. Carney, IGM Financial
Jeffrey R. Carney President and Chief Executive Officer IGM Financial President and Chief Executive Officer Investors Group POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 39: 2016 Adjusted Net Earnings Contribution
2016 Adjusted Contribution to Net Earnings Power Financial $737 $452 million million available to common shareholders POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 40: $142 billion total assets under management
Total assets under management $142 billion at December 31, 2016 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 41: Investors Group
Investors Toup
Slide 42: To improve clients' financial well-being
To improve clients’ financial well-being POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 43: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 44: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 45: Certified Financial Planner
Certified Financial Planner POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 46: Managed Solutions Products
Managed Solutions Products 70% 60% 65% Share of long-term 50% Gross Sales 40% 38% 30% 20% Share of long-term Fund Assets 10% 2008 2009 2010 2011 2012 2013 2014 2015 2016 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 47: Assets in High-Net-Worth Solutions
Assets in High-Net-Worth Solutions $32.3 $28.0 15% 2015 2016 At December 31 ($ billion) POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 48: Q4 2016 Gross Sales and Net Sales
Q4 2016 Gross Sales Net Sales $2.1 billion $261 million +15% best since 2007 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 49: Strong Momentum
Strong Momentum Gross Sales Net Sales ($ billion) ($ million) $2.9 $890 $2.3 $467 29% 91% Q1 2016 Q1 2017 Q1 2016 Q1 2017 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 50: Mutual Fund Assets Under Management
Mutual Fund Assets Under Management At December 31 and at March 31 ($ billion) $83.9 $81.2 $74.9 8.5% 2015 2016 Q1 2017 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 51: Barry McInerney, Mackenzie Investments
Barry McInerney President and Chief Executive Officer Mackenzie Investments POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 52: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 53: Committed to the financial success of investors
Committed to the financial success of investors through their eyes POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 54: Six strategic priorities
1. Deliver competitive and consistent risk-adjusted performance 2. Offer innovative and high-quality investment solutions 3. Advance brand leadership 4. Accelerate distribution 5. Drive operational excellence and discipline 6. Build on a winning culture POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHO
Slide 55: Assets under Management
Assets under Management At December 31 and at March 31 ($ billion) Record high mutual fund $62 $64 $66 assets $13 $13 $13 $49 $51 $53 Sub-advised & other Mutual Funds 2015 2016 Q1 2017 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 56: Mutual Fund Gross Sales
Mutual Fund Gross Sales Years ended December 31 ($ billion) $6.9 $6.8 Industry peers 2.6% 5.1% 2015 2016 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 57: Strong Momentum
Strong Momentum Mutual Fund Investment Fund Gross Sales Net Sales ($ billion) ($ million) $2.55 $444 $1.84 38% -$198 $642 Q1 2016 Q1 2017 Q1 2016 Q1 2017 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 58: Highest share of mutual fund assets rated 4 or 5 star
43% Highest share of mutual fund assets rated 4 or 5 star since 2013 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 59: New Product Success
New Product Success 40 mutual funds and 10 ETFs launched since 2013 $2 billion net inflows since inception $700 million net inflows in 2016 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 60: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 61: 13.9% Ownership, $647 million investment
13.9% Ownership Total investment $647 million POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 62: Combined Ownership
Combined + = Ownership of 13.9% 13.9% 27.8% POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 63: China: 2nd-largest economy and stock market
CHINA: 2nd-largest economy and 2nd-largest stock market in the world POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 64: China AMC: 40 Million Individual Customers
China AMC: 40 Million Individual Customers POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 65: Fintech
Al J Sz isto) a5 Za =O a eo ZO BS [a Fintech
Slide 66: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 67: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 68: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 69: Fintech
| POWER FINANCIAL CORPORATION Fintech
Slide 70: Pargesa Holding SA
Pargesa Holding SA
Slide 71: Arnaud Vial, Managing Director of Pargesa
Arnaud Vial Managing Director of Pargesa POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 72: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 73: POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
53.9% 9.4% 16.2% 7.5% 7.5% 17.0% 0.7% POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 74: Portfolio Changes
Portfolio Changes Acquisitions — €2.3 €0.5 €1.3 €1.6 €5.7 SGS Umicore Umicore Sienna Capital adidas Umicore SGS adidas Sienna Capital Ontex Umicore Sienna Capital Ontex Burberry Sienna Capital 2012 2013 2014 2015 2016 Disposals €1.4 €1.4 €0.8 €0.7 €2.5 €6.7 Arkema Suez Environnement Pernod Ricard To
Slide 75: 2016 Adjusted Contribution to Power Financial
2016 Adjusted Contribution to Net Earnings Power Financial SF321 $119 million million POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 76: Corporate Social Responsibility
Corporate Social Responsibility
Slide 77: PowerFinancialCSR.com
PowerFinancialCSR.com WE SUPPORT POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 78: PowerFinancialCSR.com
PowerFinancialCSR.com POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 79: PowerFinancialCSR.com
PowerFinancialCSR.com POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 80: Industry Matters
| POWER FINANCIAL CORPORATION Industry Matters
Slide 81: First Quarter Results
| POWER FINANCIAL CORPORATION First Quarter Results
Slide 82: First Quarter Results 2017
First Quarter Results 2017 ($ MILLION) PER SHARE ($) Net Earnings 484 0.68 Adjusted Net Earnings 501 0.70 POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 83: Quarterly Dividend
Quarterly Dividend $0.4125 per common share POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING
Slide 84: Annual Shareholder Meeting 2017
2017 Annual Shareholder Meeting