Power Corporation Of Canada · TSX:POW
Power Corporation Of Canada — Q2 2025 Earnings Presentation
26 slides from Power Corporation Of Canada's earnings presentation, Aug 8, 2025
Slide 1: Q2 2025 Results Investor Presentation
1 Q2 2025 RESULTS Investor Presentation August 8, 2025 1 POWER CORPORATION OF CANADA 1
Slide 2: Forward looking statements, disclosures concerning public investees and presentation of the holding company
Forward looking statements, disclosures concerning public investees and presentation of the holding company For definitions of capitalized terms used herein, see "Abbreviations" in the Appendix hereto. Forward Looking Statements In the course of today’s meeting, representatives of the Corporation ma
Slide 3: Basis of presentation, non-IFRS financial measures, other measures and clarifications on adjusted net asset value
Basis of presentation, non-IFRS financial measures, other measures and clarifications on adjusted net asset value Basis of Presentation The condensed consolidated interim financial statements of the Corporation have been prepared in accordance with International Financial Reporting Standards (IFRS),
Slide 4: Business Overview
Business Overview R. Jeffrey Orr President and Chief Executive Officer POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION || Q2 Q32025 2024 4
Slide 5: Power and its publicly traded operating companies
Power and its publicly traded operating companies www.powercorporation.com www.greatwestlifeco.com www.igmfinancial.com www.gbl.com investor.relations@powercorp.com investor.relations@canadalife.com investor.relations@igmfinancial.com adonohoe@gbl.com Q2 2025 Conference Call August 8, 2025 Q2 2025 C
Slide 6: Key messages
Key messages Positive • Power delivered strong Q2 2025 results and is well-positioned to continue generating attractive returns for its Financial shareholders Results • Great-West and IGM delivered strong growth, exceeding their medium-term objectives Returning • $756 million of dividends paid [1] a
Slide 7: Power Q2 2025 financial highlights
Power Q2 2025 financial highlights Adjusted Net Earnings [1,2] Net Asset Value Dividend Declared Per Share [1] Per Share $883 million +19% Y/Y $64.76 61.25¢ +28% Y/Y +9% Y/Y Per Share [1] $1.38 +21% Y/Y Net Earnings [2] Book Value Share Buybacks Per Share [3] $772 million $209 million YTD [4] +6% Y/
Slide 8: Financial Update
Financial Update Jake Lawrence Executive Vice-President and Chief Financial Officer POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION || Q2 Q32025 2024 8
Slide 9: Net and adjusted net earnings from continuing operations
Net and adjusted net earnings from continuing operations • Strong year-over-year performance driven by earnings focused Net and Adjusted Net Earnings [2] businesses, Great West and IGM, as well as higher fair values at Sagard. Performance was partly offset by lower earnings from GBL ($ in millions,
Slide 10: Net asset value per share
Net asset value per share • Adjusted net asset value (“NAV” or “Net Asset Value”) per share was $64.76 at June 30, 2025, up 28% year-over-year, down 6% quarter-over-quarter o Net asset value per share was $66.99 at August 7, 2025 [1] • Wealthsimple fair value increased 77% year-over-year and 21% qua
Slide 11: Business Review
Business Review R. Jeffrey Orr President and Chief Executive Officer POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION || Q2 Q32025 2024 11
Slide 12: Great-West delivered strong results
Great-West delivered strong results Base and Net EPS from Continuing Base ROE and Net ROE from Q2 2025 Highlights Operations Continuing Operations • Great-West reported net earnings per share from continuing operations of $0.96 vs. $1.08 in Q2 2024 • Base earnings per share [1] of $1.24, up 12% from
Slide 13: IGM's results driven by record client assets at its core businesses and solid net flows
IGM’s results driven by record client assets at its core businesses and solid net flows Net and Adjusted Net EPS Consolidated AUM&A Q2 2025 Highlights ($ billions) • Record second quarter adjusted net earnings [1] of $252.7 million • Record quarter-end AUM&A of $283.9 billion, up Medium-term objecti
Slide 14: IGM's strategic investments continue to deliver impressive client asset growth
IGM’s strategic investments continue to deliver impressive client asset growth Wealth Management Asset Management 84.5 542.3 +33% +94% 406.5 43.6 AUA [1] AUM [1,2] ($ billions) ($ billions) Q2 2024 Q2 2025 Q2 2024 Q2 2025 +21% +13% 32.8 232.7 29.1 191.6 Client assets [1,2] AUM [1] ($ billions) ($ bi
Slide 15: GBL executing on its value creation strategy
GBL executing on its value creation strategy Significant rotation into private assets over the past 5+ years Q2 2025 Highlights (% of portfolio) [2] 4.7% • GBL continued to execute on its value creation strategy Q4 2019 Q2 2025 in order to deliver on its medium-term double-digit TSR objective [1] 15
Slide 16: Value creation from Power's alternative asset investment platforms
Value creation from Power’s alternative asset investment platforms Power drives value from Sagard and Power Sustainable by building third-party asset managers and benefiting from the returns on proprietary capital invested in each platform Asset Management Activities Q2 2025 Highlights Building inve
Slide 17: Ongoing fundraising at alternative asset investment platforms
Ongoing fundraising at alternative asset investment platforms • $47 billion of AUM [1,2] at June 30, 2025 o BEX transaction closed in June 2025, adding $3.1 billion in AUM o Sagard raised over $2 billion [3] in Q2 2025 AUM Funded AUM Power Third parties ($ billions) Sagard Power Sustainable $47.0 $1
Slide 18: Power discount to NAV continues to narrow as we execute our strategy
Power discount to NAV [1] continues to narrow as we execute our strategy 40% Great-West sale of U.S. life business announced PCC / PFC reorganization announced Putnam sale 35% announced WHO declares global pandemic Wealthsimple 30% fundraising Russia-Ukraine conflict escalates 25% 3 level share buyb
Slide 19: Power's total shareholder returns
Power’s total shareholder returns Power’s shareholder returns have outperformed the S&P TSX and S&P TSX Financials indices in recent periods Total Shareholder Return As at August 7, 2025 Since Period Last 12 Months Last 3 Years Last 5 Years Dec. 31, 2019 Annualized Annualized Annualized Power Corpor
Slide 20: Opportunities for further value creation
Opportunities for further value creation Power will continue to exercise its three levers for value creation, with concrete actions and opportunities available in the short to medium-term • Public operating companies positioned for organic growth: Operating o Diversified, broadly-based growth at Gre
Slide 21: Looking ahead
Looking ahead Power is well-positioned to continue generating attractive returns to its shareholders Earnings focused companies have Attractive returns expected from Strong capital position with optionality momentum investment platforms and GBL for deployment • Great-West and IGM represent 83% • The
Slide 22: Questions
Questions POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION || Q2 Q32025 2024 22
Slide 23: Appendix
Appendix POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION || Q2 Q32025 2024 23
Slide 24: Asset Management Activities – Sagard and Power Sustainable continue to scale their platforms
Asset Management Activities – Sagard and Power Sustainable continue to scale their platforms Funded AUM [1] PCC Funded Third Party Funded • Sagard and Power Sustainable continue to scale through ($ billions) different levers, generating recurring fee-related earnings 36.5 o Ongoing fundraising from
Slide 25: Investing Activities – Earning attractive returns on its proprietary capital across multiple strategies
Investing Activities – Earning attractive returns on its proprietary capital across multiple strategies Power’s proprietary capital invested in Sagard and Power Sustainable strategies, currently valued at $2.7 billion, targeted to generate 10%+ net returns Power Fair Value Strategies of Investments
Slide 26: Abbreviations
Abbreviations The following abbreviations are used throughout this presentation: Adjusted net earnings Adjusted net earnings from continuing operations Mackenzie Mackenzie Financial Corporation AUA Assets under administration MD&A Management’s Discussion & Analysis AUM Assets under management NAV or
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