Investor Presentaiton
Net asset value
■ NAV per share was $48.26 at September 30, 2023, compared with $48.86 at June 30, 2023
•
Publicly traded operating companies represent 85.6% of gross asset value
.
NAV per share of $49.98 at November 13, 2023¹
☐
■ Book value per participating share was $32.40 at September 30, 2023, compared with $31.43 at
June 30, 2023
($ billions, except per share amounts)
Sep. 30, % of Gross
2023 Asset Value
Jun. 30, % of Gross
2023 Asset Value
Publicly
Traded
Great-West
IGM
Operating
Companies (2)
GBL
$24.7
66.0%
$24.4
64.2%
5.1
13.6%
6.0
15.7%
2.2
6.0%
2.3
6.0%
32.0
85.6%
32.7
85.9%
Alt. Asset
Sagard
Investment
Platforms(3)
Power Sustainable
1.2
3.3%
1.0
2.5%
1.4
3.7%
1.3
3.6%
2.6
7.0%
2.3
6.1%
Standalone businesses
0.9
2.3%
0.8
2.1%
Other
Other assets and investments
0.4
1.2%
0.5
1.4%
Cash and cash equivalents
1.5
3.9%
1.7
4.5%
Gross asset value
$37.4
100.0%
$38.1
100.0%
Liabilities and preferred shares
NAV (4)
(5.6)
(5.6)
$31.8
$32.4
Shares outstanding (millions)
NAV per share
658.9
$48.26
664.0
$48.86
1 Based on September 30, 2023 NAV updated for market values of publicly traded operating
companies and listed investments (Lion and China public equity portfolio) at November 13, 2023.
2 Based on September 30, 2023 closing price of $38.86 for Great-West, $34.45 for IGM and €70.56 for
GBL and June 30, 2023 closing price of $38.47 for Great-West, $40.33 for IGM and €72.16 for GBL.
3 The management company of Sagard is presented at its fair value at September 30, 2023 (carrying
value at June 30, 2023). The management company of Power Sustainable is presented at its carrying
value and is primarily composed of cash and net carried interest receivable.
4 NAV is a non-IFRS financial measure. Refer to the "Non-IFRS Financial Measures" and "Clarifications
on Adjusted Net Asset Value" sections at the beginning of this presentation for more information.
POWER CORPORATION OF CANADA QUARTERLY RESULTS PRESENTATION | Q3 2023
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