Power Corporation of Canada (POW) Company presentation summary

Financial highlights and performance

• Market capitalization reached $37.3 billion with a 4.2% dividend yield as of August 29, 2025.

• Adjusted net asset value per share was $64.76 and book value per share was $35.90 at June 30, 2025.

• 2024 net earnings were $2.79 billion and adjusted net earnings were $2.97 billion, reflecting stable recurring contributions from core holdings.

• Q2 2025 adjusted net earnings rose to $883 million, up from $739 million in Q2 2024, driven by Great-West and IGM.

• $8.2 billion of capital returned to shareholders since 2020, with $970 million returned year-to-date in 2025.

Core operating companies

• Great-West contributed 69.4% to gross asset value, with 2024 net earnings of $4.01 billion and a 16.7% ROE.

• Great-West's Q2 2025 base EPS grew 12% year-over-year, and it targets 8-10% base EPS growth and 19%+ base ROE medium-term.

• IGM Financial contributed 13.4% to gross asset value, with record AUM & A of $283.9 billion in Q2 2025 and 15% adjusted net earnings growth.

• IGM targets 9%+ adjusted EPS CAGR over five years, leveraging strategic investments in Rockefeller, Wealthsimple, ChinaAMC, and Northleaf.

• GBL contributed 5.4% to gross asset value, focusing on private asset rotation and targeting double-digit TSR by 2027.

Alternative asset management platforms

• Sagard and Power Sustainable contributed 7% to gross asset value, with $47 billion in AUM as of June 30, 2025.

• Sagard expanded through strategic acquisitions (PEM, BEX) and partnerships (GBL, Lunate, BMO, Great-West).

• Power Sustainable launched a decarbonization private equity strategy and deepened its partnership with Great-West.

• Proprietary capital invested in Sagard and Power Sustainable strategies is valued at $2.7 billion, targeting 10%+ net returns.