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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 CORPORATION OF CANADA 2017 ANNUAL SHAREHOLDER MEETING

Dividend Increases in 2016

Great-West Lifeco 6.1%

Power Financial 5.4%

Pargesa 4.8%

Power Corporation 7.6%


Net Earnings 1,786 1,082

2015 2016

ATTRIBUTABLE TO PARTICIPATING SHAREHOLDERS [$ MILLION]

Adjusted Net Earnings 1,573 1,203

Earnings

2017 Annual Shareholder MeetingFirst

Quarter Results


First Quarter Earnings

Net Earnings 48 258

2016 2017

ATTRIBUTABLE TO PARTICIPATING SHAREHOLDERS [$ MILLION]

Adjusted Net Earnings 191 269


Quarterly Dividend

$0.3585 per participating share

an increase of 7%

2017 Annual Shareholder Meeting

2017 Annual Shareholder MeetingGroup

Companies’ Results


Earnings


2015 2016

ATTRIBUTABLE TO COMMON SHAREHOLDERS [$ MILLION]

Adjusted Net Earnings 2,241 2,105


Dividends per Share

2015

$1.49

2016

$1.57


ATTRIBUTABLE TO COMMON SHAREHOLDERS [$ MILLION]

Earnings


2015 2016


Canada


1 in 3 Canadians

more than

13 million people


Canada


United States


Over 8.2 million individuals

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

United States


United States


Industry Recognition


United States


Europe


Earnings

2015 2016

AVAILABLE TO COMMON SHAREHOLDERS [$ MILLION]

Net Earnings 772 771


Certified Financial Planner


Managed Solutions Products


Assets in High-Net-Worth Solutions



Gross Sales

$2.1 billion +15%

Net Sales

$261 million best since 2007

Q4 2016


91%

Strong Momentum

Q1 2016

$2.3

Q1 2017

$2.9

29%

Gross Sales [$ BILLION]

Q1 2016

$467

Q1 2017

$890

Net Sales [$ MILLION]


Mutual Fund Gross Sales

2015

$6.8

YEARS ENDED DECEMBER 31 [$ BILLION]

2016

$6.9

2.6%Industry peers

5.1%


$1.84

Strong Momentum

$642

Q1 2016

-$198

Q1 2017

$444

Investment Fund Net Sales [$ MILLION]

Q1 2016 Q1 2017

$2.55

Mutual Fund Gross Sales [$ BILLION]

38%


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


2017 Annual Shareholder MeetingFintech


$1 billion in assets under administration

30,000 clients

2017 Annual Shareholder MeetingFintech


€6.7

€5.7

Portfolio Changes

Disposals

Acquisitions

2016

€2.5Total Engie

€1.6SGS

adidas Umicore Ontex

Burberry Sienna Capital

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

[€ BILLION]


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


2016 Adjusted Net Earnings

SF321 million

2017 Annual Shareholder MeetingInvestment

Activities


Value-Creating Pillars

■ Entrepreneurial culture

■ Long-term investment vision

■ Active ownership

■ Ongoing effort to analyze our environment


Sagard China

Sagard Europe

Sagard Capital

Sagard Investment Funds


Sagard Europe


Sagard Europe

$281 Fair Value

December 31, 2016

$622 Distributions

$294 Gains

$609 Investments

[$ MILLION]

IRR of

16.4% since inception


Sagard Capital


Sagard Capital

$616 Investments

[$ MILLION]

$888 Fair Value

December 31, 2016

$49 Distributions

IRR of


$321 Gains


Sagard China


Sagard China

$308 Investments

[$ MILLION]

$647 Fair Value

December 31, 2016

$19 Distributions

IRR of


$358 Gains

2017 Annual Shareholder MeetingThird-Party

Private Equity Funds


$351 Fair Value

December 31, 2016

$955 Distributions

[$ MILLION]

$607 Investments

$178 Value in 2002

Third-Party Private Equity Funds

IRR of

15.0% since 2002

$521 Gains

2017 Annual Shareholder MeetingCommunications


Communications


Daily Tablet Openings

273,000+

Communications

2017 Annual Shareholder MeetingChina

Asset Management Company


13.9% Ownership

Total investment

$647 million


13.9% 27.8%=Combined

Ownership of

13.9%+


CHINA: 2nd-largest economy

2nd-largest stock market in the world


Over 8.2 million plan participants

2nd largest defined contribution record keeper in the U.S. by participants

China AMC: 40 Million Individual Customers

2017 Annual Shareholder MeetingPower

Energy Corporation

POWER CORPORATION OF CANADA 2017 ANNUAL SHAREHOLDER MEETING POWER CORPORATION OF CANADA 2017 ANNUAL SHAREHOLDER MEETING


Summary of Recent Developments


■ Divesting from third-party funds

■ Doubling the fund size of Sagard 3

■ Acquisition of Performance Sports Group’s assets

■ Increasing our interest in China AMC, as a group, to 27.8%

■ Acquisition of Lumenpulse

Recent Developments


■ Transformation of Lifeco's Canadian operations

■ Putnam expense reduction plan

■ €1.6 billion of investments at Pargesa

■ Continued investments in fintech

Recent Developments


Summary of Recent Developments


Corporate Social Responsibility


PowerCorporationCSR.com

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2017 Annual Shareholder

Meeting

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