Power Corporation of Canada · TSX:POW
Power Corporation of Canada — Shareholder Meeting (May 2013)
70 slides from Power Corporation of Canada's shareholder meeting presentation, May 15, 2013
Slide 1: Annual Shareholder Meeting 2013
Annual Shareholder Meeting 2013
Slide 2: Forward-looking information
In the course of today’s meeting, officers of the Corporation may, in their remarks or in response to questions, make statements containing forward-looking information. The actual results could differ materially from a conclusion, forecast or projection in the forward-looking information. Reference
Slide 3: Annual Shareholder Meeting 2013
Annual Shareholder Meeting 2013
Slide 4: Operating Earnings
Operating Earnings 2011 2012 Operating Earnings Attributable to participating shareholders 1,152 963 ($ MILLION) Per Share ($) 2.50 2.09 Attributable to participating shareholders
Slide 5: Net Earnings
Net Earnings 2011 2012 Net Earnings Attributable to participating shareholders 1,075 832 ($ MILLION) Per Share ($) 2.34 1.81 Attributable to participating shareholders
Slide 6: Dividends
Dividends Annual dividend of $1.16
Slide 7: Power Financial Corporation
POWER CORPORATION OF CANADA | POWER FINANCIAL GORPORATION
Slide 8: Earnings
Earnings 2011 2012 Operating Earnings 1,729 1,686 Attributable to common shareholders Net Earnings 1,722 1,626 Attributable to common shareholders ($ MILLION)
Slide 9: Great-West Lifeco
POWER CORPORATION OF CANADA GREAT-WEST ECO
Slide 10: Operating Earnings
Operating Earnings 2011 2012 Operating Earnings 1,898 1,955 Attributable to common shareholders ($ MILLION)
Slide 11: Return on Equity
Return on Equity Return on Equity – Operating Earnings 15.9%
Slide 12: Great-West Lifeco
POWER CORPORATION OF CANADA GREAT-WEST ECO
Slide 13: Canada
GREAT-WEST LIFECO~ THE Great-West Life ASSURANCE G—yzq COMPANY
Slide 14: Canada 2012 Net Earnings
Canada 2012 Net Earnings $1,040 million
Slide 15: Europe
f GREAT-WEST ~ LIFECOs © Canada Life’
Slide 16: Europe 2012 Net Earnings
Europe 2012 Net Earnings $618 million
Slide 17: United States
GREAT-WEST LIFECO~ GREAT-WEST. FINANCIAL
Slide 18: United States 2012 Net Earnings
United States 2012 Net Earnings $325 million
Slide 19: United States
GREAT-WEST LIFECO~
Slide 20: Assets under Management
Assets under Management Assets under Management US$128 billion at December 31, 2012
Slide 21: Awards
Awards Number 1 U.S. fund family by Barron’s Magazine for 2012 investment performance
Slide 22: Leadership Transition: Paul Mahon
Leadership Transition Paul Mahon President and CEO
Slide 23: Leadership Transition: Allen Loney
Leadership Transition Allen Loney
Slide 24: Leadership Transition: R. Jeffrey Orr
Leadership Transition R. Jeffrey Orr Chairman of the Board
Slide 25: Leadership Transition: Ray McFeetors
Leadership Transition Ray McFeetors
Slide 26: Great-West Lifeco
POWER CORPORATION OF CANADA GREAT-WEST ECO
Slide 27: IGM Financial
POWER CORPORATION OF CANADA IgM Financial
Slide 28: Investors Group and Mackenzie Investments
Investors Mackenzie —w Group” INVESTMENTS
Slide 29: Earnings
Earnings 2011 2012 Operating Earnings 833 750 Available to common shareholders Net Earnings 901 762 Available to common shareholders ($ MILLION)
Slide 30: Return on Equity
Return on Equity Return on Equity – Operating Earnings 17.3%
Slide 31: Leadership Transition: Jeffrey R. Carney
Leadership Transition Jeffrey R. Carney Co-President and CEO
Slide 32: Leadership Transition: Charlie Sims
Leadership Transition Charlie Sims
Slide 33: Mutual Funds
Mutual Funds 2011 2012 Fund Assets 57.7 60.6 Fund Sales 6.0 5.8 ($ BILLION)
Slide 34: Asset Redemption
Asset Redemption Redemption rate on long-term funds Industry (IFIC) excluding Investors Group Investors Group 20 15 16% 10 10% DEC 2005 DEC 2006 DEC 2007 DEC 2008 DEC 2009 DEC 2010 DEC 2011 DEC 2012 (Twelve-month trailing % of average assets under management)
Slide 35: Operations
Operations 2011 2012 Total Assets 61.7 61.5 under Management Total Sales 10.3 10.0 ($ BILLION)
Slide 36: Pargesa Holding SA
POWER CORPORATION OF CANADA Pargesa Holding SA
Slide 37: Operating Earnings
Operating Earnings 2011 2012 Operating Earnings 343 359 (SF MILLION) Contribution to Power Financial’s Operating Earnings 110 106 (C$ MILLION)
Slide 38: Extension of agreement between Power and Frère Group to 2029
Extension of agreement between Power and Frère Group to 2029
Slide 39: Leadership Transition: Arnaud Vial
Leadership Transition Arnaud Vial Managing Director
Slide 40: Pargesa ownership of holdings
50.0% 56.9% 21.0% 4.0% 5.1%* 7.2% 7.5% * On May 14, 2013 GBL sold 2.7% of GDF Suez
Slide 41: CITIC Pacific
POWER CORPORATION OF CANADA CITIC Pacific
Slide 42: CITIC Pacific (Asia)
Asia >Power Corporation holds 4.3% >CITIC Pacific 2012 profit: $1.1 billion >2012 dividends received: $9 million
Slide 43: ChinaAMC
POWER CORPORATION OF CANADA reaS ChinaAMC @
Slide 44: ChinaAMC (Asia)
Asia >Power Corporation holds 10% >Leader in the Chinese asset management sector >Since 2011, assets under management up 44%
Slide 45: Sagard China
POWER CORPORATION OF CANADA Sagard China
Slide 46: Sagard China
Sagard China Initial amount “A” shares US$50 million Total fair value C$287 million “B” and “H” shares US$50 million
Slide 47: Sagard Europe
POWER CORPORATION OF CANADA Sagard Europe
Slide 48: Sagard Europe
Europe >Invested: $370 million >Cumulative distributions: $418 million >Value of investments: $129 million
Slide 49: Sagard Capital
POWER CORPORATION OF CANADA Sagard Capital
Slide 50: Sagard Capital (United States)
United States >Invested: $281 million >Value of investments: $369 million
Slide 51: Other Investment in Funds
POWER CORPORATION OF CANADA Other Investment in Funds
Slide 52: Other Investment in Funds
Other Investment in Funds Fair value of $354 million at December 31, 2012
Slide 53: Power Energy Corporation
POWER CORPORATION OF CANADA Power Energy Corporation
Slide 54: Communication Group
POWER CORPORATION OF CANADA Communication Group
Slide 55: Communication Group
POWER CORPORATION OF CANADA LeDroit Le Nowellsle = JeSoleil © Tatrivunc —«LeQuotidien ==> aVoixdel Est
Slide 56: Communication Group
Communication Group Lapnesses ACTULITES ACTUALITES Espace INEKe) ICI LA TERRE TOUT SIMPLEM MAGIQUE!)
Slide 57: Communication Group: 180,000 readers every week
Communication Group 180,000 readers every week
Slide 58: Communication Group
POWER CORPORATION OF CANADA LeDroit Le Nowellsle = JeSoleil © Tatrivunc —«LeQuotidien ==> aVoixdel Est ull sali olivecanadanetwork LERENARD.CA LESITE DES ACHATS FUTES Time to shine comFree
Slide 59: Peer Comparison
POWER CORPORATION OF CANADA Peer Comparison
Slide 60: Power Corporation earnings and dividends 2008 to 2012
2008 to 2012 Earnings Dividends Power Corporation 4.1 2.6 ($ BILLION)
Slide 61: Peer earnings and dividends 2008 to 2012
2008 to 2012 Earnings Dividends Great-West Lifeco 8.5 5.7 Sun Life 4.1 4.1 Manulife 3.0 5.6 ($ BILLION)
Slide 62: IGM versus peers: compound annual rate of return
Compound Annual Rate of Return Since Q1 2008 IGM versus peers 5.9% 1.0% IGM U.S. Asset Managers
Slide 63: First Quarter Results
POWER CORPORATION OF CANADA First Quarter Results
Slide 64: First Quarter Earnings
First Quarter Earnings 2012 2013 ($ MILLION) PER SHARE ($) ($ MILLION) PER SHARE ($) ã Operating Earnings 205 0.45 247 0.54 20.2% Attributable to participating shareholders Net Earnings 260 0.57 225 0.49 Attributable to participating shareholders
Slide 65: Quarterly Dividend
POWER CORPORATION OF CANADA Quarterly Dividend
Slide 66: Quarterly Dividend
Quarterly Dividend $0.29 per participating share
Slide 67: Annual Shareholder Meeting 2013
Annual Shareholder Meeting 2013
Slide 68: Board Change: T. Timothy Ryan, Jr.
Board Change T. Timothy Ryan, Jr.
Slide 69: Board Change: J. David A. Jackson
Board Change J. David A. Jackson
Slide 70: Annual Shareholder Meeting 2013
Annual Shareholder Meeting 2013
Power Corporation of Canada — Shareholder Meeting (May 2013) on 6ix