Investor Presentaiton
Returning capital to shareholders
Power has continued to return capital to shareholders in 2023
■ $1.0 billion of dividends paid to participating shareholders at September 30, 2023
■ $452 million of shares repurchased under the NCIB program in 2023¹
•
12.6 million shares or 1.9% of participating shares
•
Includes $217 million (5.8 million shares) in Q3 2023 and an additional $112 million (3.3 million shares)
subsequent to September 30, 2023
While building cash and maintaining a strong financial position
■ $1.2 billion of available cash at September 30, 20232
■ Power generally targets to maintain minimum available cash of 2x fixed charges, currently
approximately $800 million
■ Power Corporation's prudent approach to managing leverage has contributed to strong and
stable credit ratings, throughout economic cycles
•
S&P: A+ (Stable), DBRS: A (Stable)
1 Up to November 13, 2023.
2 Cash and cash equivalents plus IGM dividends declared and not received less Power dividends declared and not paid.
POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION | Q3 2023
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