Power Corporation of Canada (POW) Scotiabank’s 27th Annual Financials Summit summary

Active ownership and value creation

• Emphasizes active ownership as the core of value creation, focusing on strategy, capital allocation, key people decisions, and risk management.

• Highlights vertical and horizontal value addition, citing investments in Wealthsimple, Rockefeller, and fintech partnerships as examples.

• Collaborative culture is built on intellectual curiosity, competitiveness, and graciousness, supporting effective teamwork and active ownership.

Strategic priorities and growth outlook

• Top priorities are sustainable dividend growth, net asset value growth, and shrinking the trading discount to NAV.

• Identifies Empower, Wealthsimple, Rockefeller, and alternatives platforms as key growth opportunities, with a focus on both organic and inorganic expansion.

• Sees simplification and capital deployment, including buybacks at discounts to NAV, as ongoing themes.

Market positioning and industry trends

• Confident in the financial services sector's long-term growth and the group's positioning in the right verticals and geographies.

• Maintains a balanced mix of on- and off-balance sheet businesses, providing resilience and diversification.

• Customer-centric approach focuses on personalization, experience, and value, aiming to deliver "know me, delight me, treat me fairly."