2017 Annual Shareholder Meeting - Power Financial€¦ · $1.57 2017 $1.65 (annualized) $1.40 $1.49...

2017 Annual Shareholder

Meeting

In the course of today’s meeting, officers of the Corporation may make, in their remarks or in response to questions, and the accompanying materials may include, statements containing forward-looking information. Certain statements, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect the Corporation’s current expectations, or with respect to disclosure regarding the Corporation’s public subsidiaries, reflect such subsidiaries’ disclosed current expectations. Forward-looking statements are provided for the purposes of assisting the listener/reader in understanding the Corporation’s financial performance, financial position and cash flows as at and for the periods ended on certain dates and to present information about management’s current expectations and plans relating to the future and the listener/reader is cautioned that such statements may not be appropriate for other purposes. These statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of the Corporation and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, many of which are beyond the Corporation’s and its subsidiaries’ control, affect the operations, performance and results of the Corporation and its subsidiaries and their businesses, and could cause actual results to differ materially from current expectations of estimated or anticipated events or results. These factors include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, management of market liquidity and funding risks, changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates), the effect of applying future accounting changes, business competition, operational and reputational risks, technological change, changes in government regulation and legislation, changes in tax laws, unexpected judicial or regulatory proceedings, catastrophic events, the Corporation’s and its subsidiaries’ ability to complete strategic transactions, integrate acquisitions and implement other growth strategies, and the Corporation’s and its subsidiaries’ success in anticipating and managing the foregoing factors.

The listener/reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances, including that the list of factors in the previous paragraph, collectively, are not expected to have a material impact on the Corporation and its subsidiaries. While the Corporation considers these assumptions to be reasonable based on information currently available to management, they may prove to be incorrect.

Other than as specifically required by applicable Canadian law, the Corporation undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.

Additional information about the risks and uncertainties of the Corporation’s business and material factors or assumptions on which information contained in forward-looking statements is based is provided in its disclosure materials, including its most recent Management’s Discussion and Analysis and its most recent Annual Information Form, filed with the securities regulatory authorities in Canada and available at www.sedar.com.

Certain financial terms which may be included in statements today or in the accompanying materials, such as adjusted net earnings, are non-IFRS financial measures that do not have a standard meaning and may not be comparable to similar measures used by other entities. Please refer to the Corporation’s annual and most recent interim Management’s Discussion and Analysis for more information, including how such measures are defined, an explanation of their purpose and a reconciliation of the non-IFRS measures to the corresponding IFRS measures, where comparable IFRS measures exist.

POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING

Net Earnings 1,919 2.69

Adjusted Net Earnings 2,105 2.95

2016($ MILLION) PER SHARE ($)

attributable to common shareholders

$1.57$1.57

2017

$1.65

(annualized)

$1.40$1.49

$1.40


Dividends per Share

2014 2015 20162013


Return on Equity

12.7%

Adjusted Net Earnings

Industry Environment


Over 30 million clients



Assets under administration

$1.4 trillion

Assets under management

$792 billion


Contribution to Power Financial

$1,790 million

2016 Net Earnings

$2,641 million

attributable to common shareholders


Paul Mahon President and Chief Executive Officer


Stefan Kristjanson President and Chief Operating Officer Canada

Canada


CANADA


more than

13 million people

1 in 3 Canadians

Canada


Digital Focus


88% of the 56 million health and dental claims in 2016 were processed digitally


Digital Focus

Canada


United States

Robert L. Reynolds President and Chief Executive OfficerGreat-West Lifeco U.S.


UNITED STATES

100 years



Over 8.2 million individuals

2nd-largest record keeper of defined contribution pension plans in the U.S.


UNITED STATES


Industry Recognition


UNITED STATES


Europe

Arshil Jamal President and Chief Operating OfficerEurope and Reinsurance

Europe

POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETINGPOWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING


Jeffrey R. Carney President and Chief Executive OfficerIGM Financial

President and Chief Executive Officer Investors Group


2016 Adjusted Net Earnings

$737 million


$452 million

available to common shareholders


Total assets under management

$142 billion at December 31, 2016


To improve clients’ financial well-being


Certified Financial Planner


Managed Solutions Products

10%

20%

30%

40%

50%

60%

70%

2008 2009 2010 2011 2012 2013 2014 2015 2016

Share of long-term Gross Sales

Share of long-term Fund Assets

65%

38%


Assets in High-Net-Worth Solutions

$32.3

2016

At December 31 ($ billion)

$28.0

2015

15%


Net Sales

$261 million best since 2007


Gross Sales

$2.1 billion +15%

Q4 2016

$2.9

Q1 2017

$890

Q1 2017


Strong Momentum

$2.3

Q1 2016

Gross Sales ($ billion)

$467

Q1 2016

Net Sales ($ million)

29%91%

Q1 2017

$83.9

8.5%

$81.2

2016


$74.9

2015

At December 31 and at March 31 ($ billion)

Mutual Fund Assets Under Management


Barry McInerney President and Chief Executive OfficerMackenzie Investments


Committed to the financial success of investors through their eyes


1. Deliver competitive and consistent risk-adjusted performance

2. Offer innovative and high-quality investment solutions

3. Advance brand leadership

4. Accelerate distribution

5. Drive operational excellence and discipline

6. Build on a winning culture

Q1 2017

$66$13$53

$62 $64


Assets under Management

2015 2016

At December 31 and at March 31 ($ billion)

Record highmutual fund assets

$13$51

$13$49

Sub-advised & other

Mutual Funds

2016

$6.9


Mutual Fund Gross Sales

$6.8

2015

Years ended December 31 ($ billion)

2.6%

Industry peers5.1%

$2.55

Q1 2017

$444

Q1 2017


Strong Momentum

$1.84

Q1 2016

Mutual FundGross Sales ($ billion)

-$198

Q1 2016

Investment FundNet Sales ($ million)

38%$642


43% Highest share of mutual fund assets rated 4 or 5 star since 2013


New Product Success

40 mutual funds and 10 ETFs launched since 2013

$2 billion net inflows since inception

$700 million net inflows in 2016


13.9% Ownership

Total investment

$647 million


13.9% 13.9% 27.8%Combined

Ownership of+ =


CHINA: 2nd-largest economy and 2nd-largest stock market in the world


China AMC: 40 Million Individual Customers

Fintech

POWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETINGPOWER FINANCIAL CORPORATION 2017 ANNUAL SHAREHOLDER MEETING

Fintech


Arnaud Vial Managing Director of Pargesa


53.9% 9.4% 16.2% 7.5% 7.5% 17.0% 0.7%


Portfolio Changes

(€ billion)

2013

€2.3

2014

€0.5

2015

€1.3

2012

—

€1.4 €0.8 €0.7€1.4Arkema

Suez Environnement Pernod Ricard

Total GDF Suez Iberdrola

Total Iberdrola

Total

SGS Umicore

Sienna Capital

Umicore Sienna Capital

adidas Umicore Ontex

Sienna Capital

2016

€2.5Total Engie

€1.6SGS

adidas Umicore Ontex

Burberry Sienna Capital

€5.7

€6.7

Acquisitions

Disposals


$119 million


2016 Adjusted Net Earnings

SF321 million

Corporate Social

Responsibility


PowerFinancialCSR.com

WE SUPPORT



PowerFinancialCSR.com

Industry Matters

First Quarter Results


Net Earnings 484 0.68

Adjusted Net Earnings 501 0.70

2017($ MILLION) PER SHARE ($)

First Quarter Results


Quarterly Dividend

$0.4125 per common share

2017 Annual Shareholder

Meeting

2017 Annual Shareholder Meeting - Power Financial€¦ · $1.57 2017 $1.65 (annualized) $1.40 $1.49...

Documents

Transcript of 2017 Annual Shareholder Meeting - Power Financial€¦ · $1.57 2017 $1.65 (annualized) $1.40 $1.49...