Earnings Call Summary | POWER CORP OF CANADA(PWCDF.US) Q4 2023 Earnings Conference
Earnings Call Summary | POWER CORP OF CANADA(PWCDF.US) Q4 2023 Earnings Conference
The following is a summary of the Power Corporation of Canada (PWCDF) Q4 2023 Earnings Call Transcript:
以下是加拿大電力公司（PWCDF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Power Corporation's Q4 2023 adjusted net earnings from continuing operations increased to $579 million from $395 million in Q4 2022. Per share earnings rose to $0.89 compared to $0.59 in Q4 2022. Adjusted net asset value per share was $53.53 at year-end, compared to $48.26 at the end of Q3 2023.
The company's quarterly dividend increased by 7.1% to $0.5625 per share.
The company reported fair value gains primarily in portage and Private Equity but did not disclose exact figures.
The company maintains $0.9 billion in cash, slightly above the minimum level they prefer to maintain.
電力公司2023年第四季度調整後的持續經營業務淨收益從2022年第四季度的3.95億美元增至5.79億美元。每股收益從2022年第四季度的0.59美元增至0.89美元。截至年底，調整後的每股淨資產價值爲53.53美元，而2023年第三季度末爲48.26美元。
該公司的季度股息增長了7.1％，至每股0.5625美元。
該公司報告的公允價值收益主要來自港口和私募股權，但沒有透露確切數字。
該公司維持9億美元的現金，略高於他們希望維持的最低水平。
Business Progress:
業務進展：
The acquisition of Rockefeller by IGM Financial and the sale of Putnam to Franklin were significant transactions. The repositioning of businesses and the improvement in market communications were strategic initiatives undertaken by the company.
Great-West Life showed robust earnings growth, primarily driven by U.S. business Empower, with the prospect of growth continuing into 2024.
Power Corporation has adopted medium-term financial objectives and adjusted its segmentation. The company experienced growth in its investment platforms without additional seed capital from Power, indicating the effectiveness of its strategy.
Power Corporation is using M&A to drive growth and expand into new markets. Significant progress was made with its Sagard unit, notching up several transactions to enhance scale and growth.
Power Corporation is planning to continue buying back shares in the market, financed by standalone business sales or capital generated from their positions in the strategies that they have. The firm's investment arm, Sagard, has been scaling up to a current AUM of $15 billion, expected to generate more value and future earnings.
The company is also focused on harvesting value from its seed capital pool to invest in new funds and buy back shares.
IGM Financial收購洛克菲勒以及將普特南出售給富蘭克林是重大交易。業務的重新定位和市場溝通的改善是公司採取的戰略舉措。
大西部人壽表現出強勁的收益增長，這主要是由美國企業Empower推動的，增長前景將持續到2024年。
電力公司採用了中期財務目標並調整了其細分結構。該公司的投資平台在沒有來自Power的額外種子資本的情況下實現了增長，這表明了其戰略的有效性。
電力公司正在利用併購來推動增長並向新市場擴張。其Sagard部門取得了重大進展，完成了幾筆交易以擴大規模和增長。
Power Corporation計劃繼續回購市場股票，資金來自獨立業務的銷售或其在現有戰略中的頭寸所產生的資本。該公司的投資部門薩加德一直在擴大規模，目前的資產管理規模爲150億美元，預計將產生更多的價值和未來的收益。
該公司還專注於從其種子資本池中獲取價值，以投資新基金和回購股票。
More details: POWER CORP OF CANADA IR
更多詳情： 加拿大電力公司 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。