Partners Value Investments L.p. · TSXV:PVF.A
Partners Value Investments L.p — Shareholder Meeting (May 2016)
7 slides from Partners Value Investments L.p's shareholder meeting presentation, May 2016
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING May 2016 www.pvii.ca
Slide 2: 2015 Review
2015 Review • Book value increased 13% to $42.52 per share • Extended committed bank lines of credit • Added prime brokerage and other short-term trading facilities • Refinanced maturing Partners Split preferred • Strengthened investment team • Improved record-keeping and risk management 2
Slide 3: Q1 2016
Q1 2016 • Book value per share up 4.3% to $44.34 • Net income of $29 million, more than double from $12 million last year • Net income per share of $0.39, up from $0.17 last year • Primarily due to increased investment income and foreign exchange gains 3
Slide 4: Global Resource Champions
Global Resource Champions • $100 million portfolio of leading resource companies • Large market capitalizations • Industry leaders • High dividend yields • Invested $55 million in capital shares • Portfolio leveraged with $45 million of preferred shares • 7 year term • 6.25% dividend rate • Split-sh
Slide 5: Split-share companies
Split-share companies • Global Champions launched in 2013 • $100 million diversified portfolio of leading consumer and energy stocks • Large market capitalizations • Industry leaders • High dividend yields • Invested $50 million in capital shares • FMV today is $90 million, for an annualized return
Slide 6: Brookfield Asset Management
Brookfield Asset Management • Q1 net income of $636 million or $0.23 per share (down from $1,438 million or $0.73 per share last year) • FFO increased by 26% to $703 million • $25 billion of new funds raised • AUM increased to $240 billion and FBC to $114 billion • Brookfield Business Partners to be
Slide 7: Market Outlook
Market Outlook • High yield market offers reasonable spreads • Value-type opportunities in North America • Cautious on commodities in near term • No immediate risk of U.S. recession 7
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