2020 Annual Meeting of Shareholders Address to the Shareholders by - - PowerPoint PPT Presentation

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2020 annual meeting of shareholders address to the
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2020 Annual Meeting of Shareholders Address to the Shareholders by - - PowerPoint PPT Presentation

Dec 11, 2023 273 likes •551 views

2020 Annual Meeting of Shareholders Address to the Shareholders by the President and CEO R. JEFFREY ORR Power Corporation of Canada 2020 Annual Meeting of Shareholders Simplifying our corporate structure Power Corporation of Canada 2020

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2020 Annual Meeting

  • f Shareholders
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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Address to the Shareholders by the President and CEO

  • R. JEFFREY ORR
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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Simplifying our corporate structure

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

  • Great-West Lifeco announced the sale of its

U.S. individual life insurance and annuity business

  • Simultaneous substantial share buybacks

at Power Corporation, Power Financial and Great-West Lifeco Ongoing value creation strategy

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

1 year 3 year

Power Corporation 44.0% 9.1% TSX Index 22.8% 6.9% TSX Financial 21.4% 7.6%

Ongoing value creation strategy

Total Shareholder Returns

For the periods ended December 31, 2019. Assumes dividends are reinvested. Source: Bloomberg

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Simplifying the corporate structure

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Simplification of Power group structure

Pre-December 2019 Reorganization Pro forma

64% 100% 67% 62% 28% 50% 67% 62% 14% 100%

PCC Non-Public Investments PCC Non-Public Investments

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Value creation focused on three levers

Organic growth strategies at each of our public operating companies

1

Deployment and redeployment of capital

2

Actions at the Power level, between Power and its group companies, or between its group companies

3

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Development of investment platforms

Multi-strategy alternative asset manager European mid-cap private equity Chinese public equity manager Renewable energy infrastructure

Sagard Holdings Power Sustainable Capital

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

  • Long-term perspective
  • Leading franchises with attractive growth profiles
  • Strong governance oversight
  • Prudent approach to risk

Power guiding principles

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Communicating with our stakeholders

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Our CSR commitment

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Our group companies

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Our group companies

Serving the needs of more than

13 million

Canadians

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Our group companies

Wealth Management Asset Management

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Our group companies

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Our group companies

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Financial results

Adjusted net earnings per share $3.00 $3.09 Adjusted net earnings [in millions] $1,313 $1,438

2019 2018

Net earnings per share $2.53 $2.77 Net earnings [in millions] $1,108 $1,287

Attributable to participating shareholders

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Dividends declared in 2019

$1.5970

Up 6%

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

First quarter earnings

Attributable to participating shareholders

[1] Effective the first quarter of 2020, the Corporation introduced an enhanced definition of its non-IFRS earnings measure, Adjusted net earnings. The comparative periods have been restated to reflect the introduction of this enhanced measure. For additional information, please refer to the Non-IFRS Financial Measures and Presentation section earlier in this presentation.

Adjusted net earnings per share1 $0.62 $0.54 Adjusted net earnings1 [in millions] $345 $251

2020 2019

Net earnings per share $0.36 $0.63 Net earnings [in millions] $200 $292

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Quarterly dividend

$0.4475

per participating share

Up 10.5%

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Tribute to Paul Desmarais, Jr. and André Desmarais

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Tribute to Paul Desmarais, Jr. and André Desmarais

12.1% TSR1 7.9% TSR1

S&P/TSX Composite Index

Value of $100 invested

Power Corporation

Value of $100 invested [1] Annualized Total Shareholder Return from May 1, 1996 to February 12, 2020. Assumes dividends are reinvested. Source: Bloomberg May 1996 February 2020 May 1996 February 2020

$1,504 $100 $609 $100

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Tribute to Paul Desmarais, Jr. and André Desmarais

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Power Corporation of Canada 2020 Annual Meeting of Shareholders

Address to the Shareholders by the President and CEO

  • R. JEFFREY ORR
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2020 Annual Meeting

  • f Shareholders