Power Financial Corporation · TSX:PWF.PF.A
Power Financial — Shareholder Meeting (2019)
88 slides from Power Financial's shareholder meeting presentation, 2019
Slide 1: 2019 Annual Meeting of Shareholders
2019 Annual Meeting of Shareholders
Slide 2: Forward-looking statements
Power Financial Corporation In the course of today’s meeting, officers of the Corporation may make, in control, affect the operations, performance and results of the Corporation Other than as specifically required by applicable Canadian law, the their remarks or in response to questions, and the acc
Slide 3: 2019 Annual Meeting of Shareholders
2019 Annual Meeting of Shareholders
Slide 4: Earnings
Earnings [$ MILLION] 2018 2017 Net earnings 2,245 1,717 Adjusted net earnings 2,282 2,135 attributable to common shareholders POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 5: Dividends per Share
Dividends per Share [in dollars] $1.82 $1.73 $1.65 $1.57 $1.49 $1.40 2014 2015 2016 2017 2018 2019 (annualized) POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 6: First Quarter Results
First Quarter Results POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 7: First Quarter Results
First Quarter Results [$ MILLION] 2019 2018 Net earnings 536 586 attributable to common shareholders POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 8: Quarterly Dividend
Quarterly Dividend $0.4555 per common share POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 9: Creating Shareholder Value
Creating Shareholder Value POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 10: Key Principles
Key Principles • Long-term perspective and investment horizon • Leading franchises with attractive growth profiles • Active and strong governance oversight • Prudent approach to risk management POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 11: Creating Shareholder Value: Internal Strategies
Creating Shareholder Value I N T E R N A L S T R AT E G I E S • Transforming our advisor-based distribution businesses • Harnessing the potential of our group customers • Reshaping global asset management • Increasing competitiveness and profitability of our core insurance franchises POWER FINANCIAL
Slide 12: Creating Shareholder Value: External Strategies
Creating Shareholder Value E X T E R N A L S T R AT E G I E S • Enhance our capabilities Actively • Strengthen our market positions pursuing acquisitions • Add profitability to our existing businesses POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 13: Deploying our capital
Creating Shareholder Value E X T E R N A L S T R AT E G I E S • Wealthsimple Deploying • Personal Capital our capital • Portag3 • China Asset Management POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 14: Great-West Lifeco to sell U.S. individual life business
Creating Shareholder Value Great-Wes t Lifeco to RELEASE sell U.S. in TSX:GWO dividual lif business e insuranc e and annu Company to it y increase fo Winnipeg, J cus on the anuary 24, 2019 . . . G retirement Colorado-b reat-W est L market in t ased subsid ifeco Inc. (G he U.S. agreement iary, Great-
Slide 15: Substantial Issuer Bids
Substantial Issuer Bids Power Cor p to Repurc oration Announces hase up to T $1.35 billio erms of its Substan Readers ar n of its Subo tial rdinate Vo Issuer Bid e referred to the sect ion “Forwar d-Looking ting Share RELEASE Statemen All figures a re expressed Montr éal, Québe ts” at the en d of s
Slide 16: Creating Shareholder Value
Creating Shareholder Value POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 17: GBL New Portfolio Strategy
Creating Shareholder Value G B L N E W P O R T F O L I O S T R AT E G Y • €16 billion of acquisitions and divestments since 2012 • €1.2 billion deployed in 2018 • Share buyback program of €250 million in 2018 POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 18: Power Financial Corporation
| POWER FINANCIAL CORPORATION
Slide 19: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 20: Great-West Lifeco: Contribution to Power Financial
Great-West Lifeco Contribution to Power Financial Net earnings $2,961 $2,001 million million Adjusted net earnings $3,017 $2,040 million million attributable to common shareholders POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 21: Great-West Lifeco: 31 million+ customers
Great-West Lifeco Assets under Assets under management administration 31 million+ $709 $1.4 customers billion trillion POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 22: Paul Mahon
Great-West Lifeco Paul Mahon President and Chief Executive Officer POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 23: Great-West Lifeco: Canada
Great-West Lifeco C A N A DA POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 24: Great-West Lifeco: 13 million people
Great-West Lifeco 13 million 1 in 3 people Canadians POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 25: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 26: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 27: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 28: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 29: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 30: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 31: Great-West Lifeco: United States
Great-West Lifeco U N I T E D S TAT E S POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 32: Great-West Lifeco: U.S. focus
Great-West Lifeco • Sale of U.S. individual life and annuity business for $1.6 billion announced January 2019 • U.S. focus on retirement and asset management markets POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 33: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 34: Great-West Lifeco: U.S. retirement
Great-West Lifeco 2nd-largest provider of defined contribution plans in the U.S. Over 8.8 million participants Sales up 29% in 2018 POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 35: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 36: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 37: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 38: Great-West Lifeco: Europe
Great-West Lifeco EUROPE POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 39: Great-West Lifeco: United Kingdom
Great-West Lifeco UNITED KINGDOM POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 40: Innovative home finance options
Great-West Lifeco Innovative home finance options POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 41: Great-West Lifeco: Ireland
Great-West Lifeco IRELAND POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 42: Great-West Lifeco
Great-West Lifeco POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 43: Great-West Lifeco: Germany
Great-West Lifeco GERMANY POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 44: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 45: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 46: IGM Financial: Industry and IGM long-term fund sales
IGM Financial Industry IGM Long-term Sales in 2018 mutual fund net sales [$B] 38.2 2nd best in Best in 27.6 last decade history (7.4) $1.4 billion Investment fund net sales $20 billion Mutual fund gross sales 2016 2017 2018 POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 47: IGM Financial: $150.5 billion average AUM
IGM Financial Average investment fund assets under management $150.5 billion POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 48: IGM Financial: Market share gains
IGM Financial Market share gains Long-term mutual fund net sales rate [Last twelve month trailing, % of Average AUM] 2.6% 0.5% 0% (1.2%) 2013 2014 2015 2016 2017 2018 Industry Advice Channel Mackenzie Investment Funds IG Wealth Management POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDE
Slide 49: IGM Financial: Contribution to Power Financial
IGM Financial Contribution to Power Financial Net earnings $767 $446 million million Adjusted net earnings $792 $462 million million available to common shareholders POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 50: Jeff Carney
IGM Financial Jeff Carney President and Chief Executive Officer IGM Financial and IG Wealth Management POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 51: IG Wealth Management: Net and gross sales
IGM Financial I G W E A LT H M A N A G E M E N T Net sales Gross sales $485 million $9.1 billion 2nd best in history POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 52: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 53: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 54: IG Wealth Management
IG Wealth Management POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 55: IGM Financial: Certified Financial Planner
IGM Financial CERTIFIED FINANCIAL PLANNER POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 56: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 57: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 58: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 59: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 60: Mackenzie Investments: sales
IGM Financial MACKENZIE INVESTMENTS Best retail mutual fund Best total mutual fund net sales in 20 years gross sales in history $1.0 billion $10 billion POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 61: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 62: Mackenzie Investments
IGM Financial MACKENZIE INVESTMENTS POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 63: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 64: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 65: China AMC
China AMC POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 66: Strategic Relationship
Strategic Relationship POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 67: China AMC
China AMC POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 68: IGM Financial
IGM Financial POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 69: Fintech
Fintech POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 70: Fintech Strategy
Fintech Strategy • Provide attractive return on invested capital • Help existing financial services businesses transform their models POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 71: Fintech: 100,000 customers
Fintech 100,000 customers $3.4 billion assets under administration POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 72: Fintech
Fintech POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 73: Fintech
Fintech POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 74: Fintech
Fintech POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 75: Fintech
Fintech POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 76: Fintech
Fintech POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 77: Pargesa
Pargesa POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 78: Pargesa: Net earnings and contribution
Pargesa Contribution Net earnings to Power Financial SF361 million $57 million POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 79: Pargesa: GBL net asset value and market capitalization
Pargesa GROUPE BRUXELLES LAMBERT Net asset value Market capitalization €16.2 billion €12.3 billion POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 80: Ian Gallienne
GBL Ian Gallienne Chief Executive Officer POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 81: Pargesa
Pargesa POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 82: Corporate Social Responsibility
Corporate Social Responsibility POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 83: PowerFinancialCSR.com
PowerFinancialCSR.com • Create jobs and economic prosperity • Enable financial security • Promote health and wellness • Support social inclusion POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 84: PowerFinancialCSR.com
PowerFinancialCSR.com POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 85: FTSE4Good Index Series certificate
PowerFinancialCSR.com CERTIFICATE OF MEMBERSHIP This is to certify that Power Financial Corp is a constituent company in the FTSE4Good Index Series POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 86: Community Investments
Community Investments POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 87: In Memoriam: Jim Burns
In Memoriam Jim Burns 1929 – 2019 POWER FINANCIAL CORPORATION 2019 ANNUAL MEETING OF SHAREHOLDERS
Slide 88: 2019 Annual Meeting of Shareholders
2019 Annual Meeting of Shareholders