Investor Presentaiton
GBL reported net asset value¹
Net asset value per share reported by GBL of €109.19 at September 30, 2023
GBL
Value (€M)
Sep. 30, 2023 Power Share of
% of
Value (€M)
(2)
Portfolio
Ownership
% Sep. 30, 2023
Value (€M)
Power Share of
% of
Value (EM) (2) Portfolio
Listed Investments
SGS
19.3%
2,883
447
16.8%
Listed Investments
11,276
1,748
65.5%
Pernod Ricard
6.7%
2,716
421
15.8%
Private Investments
2,995
464
17.4%
adidas
7.6%
2,285
354
13.3%
GBL Capital
2,810
436
16.3%
Imerys
54.6%
1,299
201
7.5%
Sienna Investment Managers
130
20
0.8%
Umicore
15.9%
881
137
5.1%
Portfolio
17,211
2,668
100.0%
Concentrix + Webhelp (3)
13.2%
684
106
4.0%
Treasury Shares
970
150
GEA
6.3%
397
62
2.3%
Gross Debt
(4,028)
(624)
Ontex
20.0%
114
18
0.7%
Cash and Cash Equivalents
TotalEnergies
0.01%
17
3
0.1%
1,404
218
11,276
1,748
65.5%
Concentrix (Note)
461
71
Net Asset Value
16,018
2,483
Net Asset Value per Share (€)
109.19
Ownership
% Sep. 30, 2023
Value (€M)
Power Share of
% of
Value (EM) (2) Portfolio
Share Price (€)
70.56
Affidea
Discount (in %)
35.4%
99.1%
1,149
178
6.7%
Sanoptis
83.4%
813
126
4.7%
Canyon (4)
48.0%
451
70
2.6%
Parques Reunidos
23.0%
296
46
1.7%
Voodoo
15.9%
287
44
1.7%
2,995
464
17.4%
1 Refer to the "Disclosures Concerning Public Investees" section at the beginning of this presentation for
more information.
2 Power share of value based on 15.5% ownership, held through Parjointco, a jointly controlled
corporation (50%).
3 Including the market value of earn-out shares at September 30, 2023 of €21 million.
4 GBL's ownership in Canyon, excluding shares held by GBL Capital (additional indirect ownership of
1.32% as of September 30, 2023).
POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION | Q3 2023
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