Group Profile

EXOR N.V. (“EXOR” or the “Company”) is listed on the Mercato Telematico Azionario managed by Borsa Italiana S.p.A. (MTA) and headquartered in Amsterdam, the Netherlands.

EXOR is registered in the Dutch companies’ register of the Chamber of Commerce (Kamer van Koophandel) under registration number 64236277. The registered office is Gustav Mahlerplein 25, 1082 MS, Amsterdam, the Netherlands, telephone number +31 (0) 202402220.

PROFILE

  • EXOR is one of Europe’s largest diversified holding companies, with a Net Asset Value (NAV)1 of around $21 billion (equal to approximately €19 billion) at 30 June 2020.
  • For over a century, EXOR has made successful investments and built great companies worldwide with a culture that combines entrepreneurial spirit and financial discipline. EXOR’s portfolio is principally made up of companies in which EXOR is a leading shareholder.
  • EXOR is majority owned and controlled by Giovanni Agnelli B.V., the company grouping the descendants of Senator Giovanni Agnelli, the founder of FIAT, which holds 52.99% of its share capital.

PURPOSE

EXOR’s purpose is to build great companies, while providing opportunities for its people to Sgrow, make a positive contribution to society and deliver superior returns to its investors.

Purpose

VALUES

Values


OUR FINANCIAL PRIORITIES

  • NAV per share to outperform the MSCI World index
  • Financial strength and discipline, keeping LTV2 ratio below 20%
  • Generate Free Cash Flow in excess of dividends paid
  • Cash Holding Cost as a percentage of Gross Asset Value below 10bps

(1)An Alternative Performance Measure as defined on page 14.
(2)Reference is made to the Loan-to-Value (LTV) ratio as defined by Standard and Poor’s, which uses the LTV ratio to assess the financial risk profile of an Investment Holding Company, namely Adjusted Debt (or Gross Debt minus Cash and Equivalents) divided by Portfolio Value (or Gross Asset Value minus Cash and Equivalents), expressed as a percentage.

COMPANIES

• GEDI Gruppo Editoriale is the leading Italian media group, operating through a set of first tier media brands including newspapers and magazines, radio, digital and advertising.
CompanyDescriptionEconomic rights voting rights1% on GAV2
PartnerRe 
  • Leading global pure-play reinsurer, with a broadly diversified and balanced portfolio of traditional reinsurance risks and capital markets risks.
  • PartnerRe commenced operations in 1993 and provides Non-life (Property & Casualty (P&C) and Specialty) and Life and Health reinsurance on a worldwide basis.
100%

99.54%
29.6%
Ferrari 
  • Ferrari is among the world’s leading luxury brands, with unique world-class capabilities, and a vision built on its historic foundations and strengths. It focuses on the design, engineering, production and sale of the world’s most recognizable luxury performance sports cars.
  • Listed on the New York Stock Exchange (NYSE) and the Mercato Telematico Azionario managed by Borsa Italiana (MTA) and is included in the FTSE MIB Index.
22.91%

35.82%
29.1%
FCA 
  • FCA is a global automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems worldwide through over a hundred manufacturing facilities and over forty research and development centres.
  • FCA is listed on the New York Stock Exchange (NYSE) and the Mercato Telematico Azionario managed by Borsa Italiana (MTA) and is included in the FTSE MIB Index. 
28.55%

42.42%
17.4%
 CNH Tab
  • CNHI is a leading global capital goods company engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles as well as engines for different applications.
  • CNHI is listed on the New York Stock Exchange (NYSE) and the Mercato Telematico Azionario managed by Borsa Italiana (MTA) and is included in the FTSE MIB Index
26.89%

42.19%
9.9%
Juventus 
  • Founded in 1897, it is one of the most prominent professional football teams in the world.
  • Listed on the Mercato Telematico Azionario managed by Borsa Italiana (MTA) and is included in the FTSE MIB Index
63.77%

63.77%
3.4%
 Economist
  • Leading source of analysis on international business and world affairs. Based in London and serving a global readership and client base, The Economist Group delivers its information through a range of formats, from newspapers and magazines to conferences and electronic services. 
43.30%

20.00%
(*) Voting rights are limited to 20%
1.3%
  • GEDI Gruppo Editoriale is the leading Italian media group, operating through a set of first tier media brands including newspapers and magazines, radio, digital and advertising.
 86.4%3

89.6%3
 0.9%
(1) Updated at 31 July 2020 (10 August 2020 for GEDI). (2) At 30 June 2020. (3) Held through the EXOR subsidiary Giano Holding owning 100% of GEDI from 10 August 2020.
Commercial Register No.64236277 Legal notes | Credits