EXOR N.V. is one of Europe’s leading investment companies and is controlled by the Agnelli Family. 
 
With a NAV (Net Asset Value) of over Dollars 14 billion, it sums up an entrepreneurial story based on more than a century of investments. 
 
EXOR’s goal is to beat the MSCI World Index in the long term through the increase in its Net Asset Value (NAV).  EXOR invests in different sectors, mainly in Europe and in the United States, focusing on few global companies.
 

EXOR is a responsible owner, combining its entrepreneurial approach with a sound financial discipline. It focuses on the development of its companies, improving their competitive position and profitability. It maintains a constant dialogue with the management of the companies in which it invests, while fully respecting their operating autonomy.

Investment criteria

The criteria that direct EXOR’s investment choices are:

1) People: talented and professional managers with successful track record who take part in the creation of value “thinking and acting as owners”.

2) Economic and financial results: companies who have demonstrated a consistent cash flow and earnings generation, with a sound balance sheet.

3) Competitive position: companies with a long-term sustainable competitive advantage who are “best in class” or who are able to become the best.

4) Governance: participation on Boards of Directors in order to monitor and contribute to the development of the company.

NAV

NET ASSET VALUE (NAV)

(US$ millions) 12/31/2015 12/31/2016 Change
Investments 11,037 17,683 6,646
Financial investments 631 382 (249)
Cash and cash Equivalents 4,393 215 (4,178)
Treasury stock 231 187 (44)
Gross Asset Value 16,292 18,467 2.175
Gross Debt (2,937) (3,825) (888)
Net Asset Value (NAV) 13,355 14,642 1,287
 
EXOR

 
MSCI

Ownership Structure

Share capital - Ordinary Shares

Investments

Board of directors

John Elkann

Sergio Marchionne

Alessandro Nasi

Andrea Agnelli

Melissa Bethell

Marc Bolland

Niccolo Camerana

Laurence Debroux

Ginevra Elkann

Annemiek Fentener Van Vlissingen

Antonio Mota De Sousa Horta-Osorio

Lupo Rattazzi

Robert Speyer

Mike Volpi

Ruthi Wertheimer

Honorary Chairmen (not board members)

Events Calendar

April 5, 2017 Board of Directors

May 30, 2017 Annual General Shareholders’ Meeting

August 30, 2017 Board of Directors

Press Releases

January 27, 2014 - 2014 Corporate Events Calendar

The EXOR Corporate Events Calendar for 2014 is the following:

 

April 9, 2014: Board of Directors’ Meeting of EXOR S.p.A. for the approval of the consolidated financial statements and the draft separate financial statements at December 31, 2013

 

May 15, 2014: Board of Directors’ Meeting of EXOR S.p.A. for the approval of the interim financial statements at March 31, 2014

 

May 22, 2014: Annual General Stockholders’ Meeting of EXOR S.p.A. for the approval of the separate financial statements at December 31, 2013

 

August 29, 2014: Board of Directors’ Meeting of EXOR S.p.A. for the approval of the first-half report at June 30, 2014

 

November 14, 2014: Board of Directors’ Meeting of EXOR S.p.A. for the approval of the interim financial statements at September 30, 2014

 

 

Any changes will be disclosed to the market on a timely basis.

December 17, 2013 - Repurchase and partial cancellation of Notes

Following the purchase on the market of a portion of its outstanding 5.375% Notes due 2017, listed on Luxembourg Stock Exchange (amount issued €750 million, ISIN: XS0300900478), EXOR announces that on the date hereof it has procured the cancellation of a notional amount of Notes equal to €60 million.

 

As a result of the cancellation, the outstanding aggregate notional amount of the Notes is now €690 million.