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 $32 billion (equal to €27 billion) at 30 June 2021.
  • 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 the largest 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 approximately 52% 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


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 18.
(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

CompanyDescriptionEconomic rights voting rights1% on GAV2
Ferrari
  • Ferrari is among the world’s leading luxury brands focused on the design, engineering, production and sale of the world’s most recognizable luxury performance sports cars. Ferrari’s brand is a symbol of exclusivity, innovation, state-of-art sporting performance and Italian design and engineering heritage.
  •  Ferrari 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.
 22.9%

35.8%
 29.8%
 Stellantis
  • Stellantis is one of the world’s leading automakers and a mobility provider, guided by a clear vision: to offer freedom of movement with distinctive, affordable and reliable mobility solutions.
  • Stellantis is listed on the New York Stock Exchange (NYSE), the Mercato Telematico Azionario managed by Borsa Italiana (MTA) and the Euronext Paris.
14.4%

14.4%
23.8%
PartnerRe 
  • PartnerRe is a 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.
100.0%

99.8% 
22.2% 
 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.
26.9%

42.5%
16.4%
Juventus 
  • Juventus was founded in 1897 and it is one of the most prominent professional football teams in the world.
  • Juventus is listed on the Mercato Telematico Azionario managed by Borsa Italiana (MTA).
63.8%

63.8%
2.0%
 Economist
  • The Economist Group is a leading source of analysis on international business and world affairs. Based in London and serving a global readership and client base, it delivers its information through a range of formats, from newspapers and magazines to conferences and electronic services.
43.4%

20.0%3
0.9%
Gedi
  • GEDI Gruppo Editoriale is a leading Italian media group, operating through a set of first tier media brands including newspapers and magazines, radio, digital and advertising. It owns two of the leading Italian newspapers La Repubblica and La Stampa, Il Secolo XIX and other local newspapers, several magazines and three national radio stations including Radio Deejay. 
89.6%

89.6%
0.7%
Shang xia
  • SHANG XIA is a luxury company whose brand has been established jointly by the designer Jiang Qiong Er and France's Hermès Group. The brand uses its distinctive combination of contemporary design, hand artisanship and Chinese culture to create an artistic portfolio of furniture, homeware, apparel, leather goods, jewelry and accessories
77.3%

77.3%
0.3%
  • Welltec® services the energy industry with market leading technologies that are used to build and repair oil and gas wells. Its solutions help clients to optimise their production and minimise their environmental footprint. The company was established in 1994 and is based in Denmark
 47.6%

 47.6%
0.2% 

PARTNERSHIPS

InvestmentDescriptionEconomic rights voting rights1% on GAV2
  • Christian Louboutin was founded in 1991 and has grown to become one of the leading names in global luxury, world famous for its signature red sole women’s shoes. The company is also recognised for having successfully diversified its business into men’s footwear, leather goods & accessories and beauty. Christian Louboutin operates about 150 boutiques around the world.
24.0%  1.7%
Via
  • Via is a technology company specialising in the dynamic, data-driven optimisation of public mobility systems in cities all around the world. First launched in New York City in 2013, Via’s technology is now deployed globally, including in Europe as ViaVan.
 8.9%
 0.6%
(1) At 31 August 2021. (2) At 30 June 2021. (3) Voting rights are limited to 20%.
Commercial Register No.64236277 Legal notes | Credits