Power Corporation Of Canada · TSX:POW
Power Corporation Of Canada — Shareholder Meeting (2021)
33 slides from Power Corporation Of Canada's shareholder meeting presentation, 2021
Slide 1: 2021 Annual Meeting of Shareholders
2021 Annual Meeting of Shareholders
Slide 2: Forward-Looking Statements
Forward-Looking Statements In the course of today’s meeting, representatives of the Corporation may make, in results of the Corporation and its subsidiaries and their businesses, and could cause Other than as specifically required by applicable Canadian law, the Corporation their remarks or in respo
Slide 3: COVID-19
COVID-19 P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 4: A Sustainable and Responsible Management Philosophy
A Sustainable and Responsible Management Philosophy P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 5: A Sustainable and Responsible Management Philosophy
A Sustainable and Responsible Management Philosophy P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 6: Executing our Strategy
Executing our Strategy February Reorganization of Power Corporation and Power Financial March Reorganization of Pargesa and GBL P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 7: Executing our Strategy
Executing our Strategy June Empower acquires Personal Capital for up to US$1.0 billion August Mackenzie acquires GLC September Empower acquires MassMutual’s Retirement Services Business for US$3.35 billion September Mackenzie & Great-West Lifeco acquire a strategic interest in Northleaf P OWER C ORP
Slide 8: Executing our Strategy
Executing our Strategy October Wealthsimple fundraising November Lion Electric merger Jan 2021 $1 billion Power Sustainable Energy Infrastructure Partnership launch Feb 2021 Sagard Healthcare Royalty Partners to US$725 million Apr 2021 Sagard Credit Partners II to US$909 million total May 2021 Wealt
Slide 9: Power Guiding Principles
Power Guiding Principles Long-term perspective Leading franchises with attractive growth profiles Strong governance oversight Prudent approach to risk P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 10: Value Creation Focused on Three Key Levers
Value Creation Focused on Three Key Levers 1 2 3 Organic growth at Deployment Actions we each of our publicly and redeployment can take at the traded operating of capital Power Corporation companies level P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 11: Value Creation at our Publicly Traded Operating Companies
Value Creation at our Publicly Traded Operating Companies P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 12: Value Creation at our Publicly Traded Operating Companies
Value Creation at our Publicly Traded Operating Companies Empower acquires Personal Capital for up to US$1.0 billion P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 13: Value Creation at our Publicly Traded Operating Companies
Value Creation at our Publicly Traded Operating Companies Empower acquires MassMutual’s Retirement Services Business for US$3.35 billion P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 14: Value Creation at our Publicly Traded Operating Companies
Value Creation at our Publicly Traded Operating Companies #2 provider in the U.S. defined contribution market Serving 12 million individuals US$1 trillion+ in assets [1] [1] As at January 31, 2021 P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 15: Value Creation at our Publicly Traded Operating Companies
Value Creation at our Publicly Traded Operating Companies Mackenzie acquires GLC Asset Management $37 billion in AUM P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 16: Value Creation at our Publicly Traded Operating Companies
Value Creation at our Publicly Traded Operating Companies Northleaf Acquisition of strategic interest by Mackenzie and Great-West $15 billion in AUM P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 17: Groupe Bruxelles Lambert
Groupe Bruxelles Lambert Total Shareholder Returns [Annualized since 2012] 9.5% 7.3% GBL STOXX Europe 50 P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 18: Alternative Asset Management Platforms
Alternative Asset Management Platforms Multi-strategy alternative asset manager Renewable energy infrastructure • Private equity • Fintech venture capital Chinese public equities • Private credit • Healthcare royalties P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld e
Slide 19: Alternative Asset Management Platforms
Alternative Asset Management Platforms Over US$900 million[1] closed in Sagard Credit Partners II Launch of its Energy Infrastructure Partnership with $1 billion in commitments [1] As of April 2021 P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 20: Standalone Businesses
Standalone Businesses P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 21: Value Creation at the Power Corporation Level
Value Creation at the Power Corporation Level TSX and NYSE listed[1] $1.2 billion value of Power’s investment, a $1.1 billion increase over cost[2] [1] On May 7, 2021 [2] As of May 12, 2021 P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 22: Value Creation at the Power Corporation Level
Value Creation at the Power Corporation Level May 2021 third-party financing round $2.6 billion value of the Power group’s holdings, an increase of $2.3 billion over the cost P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 23: Wealth Management, Insurance and Investments
WEALTH PERSONAL / FUND MANAGEMENT INSURANCE SMB FINANCE AI / ENABLERS INVESTMENTS P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 24: China AMC's Growth has Accelerated in 2020
China AMC’s Growth has Accelerated in 2020 Net profit [RMB¥ millions] 443 471 398 407 349 #1 onshore ETF issuer Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 #2 Chinese long-term Assets under management mutual fund manager [RMB¥ billions] 1,461 1,032 December 2019 December 2020 P OWER C ORP ORATI ON OF C
Slide 25: Cost Containment Program
Cost Containment Program Progress to date [$ millions] Implemented 201 66% Reduction implemented Reduction remaining actions to achieve 151 66% of targeted target expense reductions[1] Normalized Pro forma 2019 expenses [1] As of March 31, 2021 P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eet
Slide 26: Commitment to Enhanced Communication
Commitment to Enhanced Communication Launched Active investor quarterly earnings calls relations program 81 institutional investor meetings P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 27: Ongoing Value Creation
Ongoing Value Creation Total Shareholder Returns [1] YTD 1 year 3 years 5 years Power Corporation 27.7% 55.6% 10.9% 8.0% TSX Index 12.1% 44.3% 10.2% 10.0% TSX Financials 18.9% 46.7% 9.7% 11.5% [1] Annualized returns as at March 31, 2021 for 1, 3 and 5 years. YTD as at May 10, 2021 Note: Assumes divi
Slide 28: Leadership Changes at IGM Financial
Leadership Changes at IGM Financial JEFF CARNEY P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 29: Leadership Changes at IGM Financial
Leadership Changes at IGM Financial JAMES O’SULLIVAN P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 30: Financial Results
Financial Results 2020 2019 Net earnings per share $3.08 $2.53 Net earnings [in millions] $1,994 $1,108 Adjusted net earnings per share $3.00 $2.92 Adjusted net earnings [in millions] $1,943 $1,275 Attribuable to participating shareholders P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g
Slide 31: Dividends Paid in 2020
Dividends Paid in 2020 $1.7475 Up 9.4% P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f S h a r eh o ld er s
Slide 32: First Quarter Earnings
First Quarter Earnings 2021 2020 Net earnings per share $0.82 $0.36 Net earnings [in millions] $556 $200 Adjusted net earnings per share $1.16 $0.62 Adjusted net earnings [in millions] $786 $345 Attribuable to participating shareholders P OWER C ORP ORATI ON OF C ANAD A 2021 An n u a l M eetin g o f
Slide 33: 2021 Annual Meeting of Shareholders
2021 Annual Meeting of Shareholders
Power Corporation of Canada — Shareholder Meeting (2021) on 6ix