Great-West Lifeco Inc. · TSX:GWO
Great-West Lifeco — Merger or Acquisition (May 2023)
10 slides from Great-West Lifeco's merger presentation, May 31, 2023
Slide 1: Great-West Lifeco Sale of Putnam Investments to Franklin Templeton
Great-West Lifeco Sale of Putnam Investments to Franklin Templeton May 31, 2023 All figures in US Dollars unless otherwise specified
Slide 2: Cautionary Notes
Cautionary Notes CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION This document contains 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", "expe
Slide 3: Key Highlights
Key Highlights Great-West Lifeco has agreed to sell Putnam Investments to Franklin Templeton, a leading at-scale and diversified global asset manager with a broad range of investment and distribution capabilities The transaction unlocks the value of Putnam, and facilitates the continued focus of Gre
Slide 4: Great-West Lifeco Has Agreed to Sell Putnam Investments to Franklin Templeton
Great-West Lifeco Has Agreed to Sell Putnam Investments to Franklin Templeton Putnam’s complementary and differentiated capabilities will add to Franklin’s breadth and scale. • Great-West Lifeco has agreed to sell Putnam Investments to Franklin Templeton, a leading global asset management firm with
Slide 5: The Transaction Unlocks Putnam's Economic Value for Great-West Lifeco
The Transaction Unlocks Putnam’s Economic Value for Great-West Lifeco Franklin Templeton will pay upfront consideration of US$950 million - $1.0 billion and future contingent consideration of up to US$375 million. Great-West will retain PanAgora, realize the value of Putnam’s seed capital and retain
Slide 6: The Transaction Unlocks the Economic Value of Putnam and Facilitates Continued Focus on U.S. Growth Strategy
The Transaction Unlocks the Economic Value of Putnam and Facilitates the Continued Focus of Great-West’s U.S. Growth Strategy on Retirement and Personal Wealth • Generates immediate value for Great-West Lifeco shareholders, including participation in Franklin Templeton dividends and future potential
Slide 7: Great-West Lifeco, Power and Franklin Templeton Have Entered into a Strategic Partnership
Great-West Lifeco, Power and Franklin Templeton Have Entered into a Strategic Partnership to Drive Value for Stakeholders • Great-West Lifeco, Power and Franklin Templeton have entered into a strategic partnership to distribute Franklin Templeton products for the benefit of clients, distribution par
Slide 8: Franklin Templeton is a Leading Global Asset Manager
Franklin Templeton is a Leading Global Asset Manager with a Strong Presence in Traditional and Alternative Investments Franklin Templeton includes a diverse range of traditional and alternative specialist investment managers Leading global investment management firm with $1.4 trillion of AUM1, opera
Slide 9: Great-West Has Repositioned its U.S. Business to Focus on Retirement & Wealth
Great-West has Repositioned its U.S. Business Over the Past Several Years to Focus on Retirement & Wealth Segments, Successfully Deploying Capital to Build a Leadership Position Great-West has repositioned its U.S. business through a series of transactions Empower is a leading financial services fra
Slide 10: Key Takeaways
Key Takeaways Great-West has found the right partner in Franklin Templeton. This transaction unlocks value and creates additional opportunities for Great-West Lifeco’s shareholders and clients, while positioning Franklin Templeton to build upon Putnam’s complementary capabilities Transaction unlocks