Power Corporation of Canada (POW) Investor presentation summary

Financial highlights and performance

• Market capitalization reached $46.4 billion with a 3.4% dividend yield and $2.97 billion in 2024 adjusted net earnings from continuing operations.

• Adjusted net asset value per share was $72.24 at September 30, 2025, with gross asset value of $52.3 billion and liabilities/preferred shares of $6.1 billion.

• Great-West and IGM contributed 83% of gross asset value, with Great-West's adjusted net earnings up 16% and IGM's up 23% year-over-year in Q3 2025.

• GBL reported an adjusted net loss of $11 million in Q3 2025, while Sagard and Power Sustainable showed mixed results due to carried interest and acquisition impacts.

• Power's total shareholder return outperformed the S&P TSX and S&P TSX Financials indices over multiple periods, with a 69.7% return in the last 12 months.

Strategic initiatives and value creation

• Focused on financial services, simplifying group structure, building alternative asset management, and returning capital to shareholders.

• Significant asset monetizations (~$4 billion over five years) funded share buybacks and investments in Sagard and Power Sustainable.

• Ongoing communication enhancements, including quarterly earnings calls and updated segment disclosures, to improve transparency.

• Value creation strategy emphasizes long-term perspective, building industry leaders, strong governance, and prudent risk management.

• Power continues to narrow its discount to NAV, supported by strategic actions and market value growth.

Operating company performance and objectives

• Great-West reported $4.01 billion in 2024 net earnings, 16.7% ROE, and revised medium-term objectives to 8-10% base EPS growth and 19%+ base ROE.

• IGM achieved record adjusted net earnings per share of $1.27 in Q3 2025, with AUM & A up 14% year-over-year and strategic investments in Wealthsimple and Rockefeller increasing in value.

• GBL focused on portfolio simplification, targeting double-digit TSR, and announced a €1.5 billion divestment in GBL Capital.

• Alternative asset platforms Sagard and Power Sustainable reached $49 billion in AUM, with proprietary capital investments targeting 10%+ net returns.

• Numerous value-enhancing transactions since 2020, including major acquisitions, divestments, and strategic partnerships across all segments.