GUIDE

Please refer to Share Buyback for more information.

EXDI does not have a specific dividend policy, but still provides recurring dividends to shareholders. EXDI's dividend history and calendar can be viewed here.

EXDI is a Dutch resident company and, as such, the withholding tax rate applicable at the source is in line with the Government of Netherlands taxation. The overall tax burden to shareholders would depend on the applicable tax regime based on the country of residence and the nature of shareholders. We cannot provide advice on tax matters and would kindly suggest you to check with a tax advisor.

Please refer to the Ownership structure section, including an overview of issued and outstanding shares.

EXDI has adopted a loyalty voting structure designed to incentivise long-term share ownership, on the basis of which for each EXDI ordinary share held consequently for a period of five years, shareholders will be entitled to five voting rights at the end of that period (giving entitlement to Special Voting Shares A), and for each EXDI ordinary share held without interruption for a period of ten years, shareholders will be entitled to ten voting rights at the end of that period (giving entitlement to Special Voting Shares B).

As of 13 December 2021, 124,717,132 Special Voting Shares A have been issued.

For more information please refer to the Special Voting Shares section.

Please refer to Press Release for a complete list of past and recent news.

In order to subscribe to receive email updates after the publication of press releases or documents (i.e. financial reports and presentations), please refer to Email Alert.

Please note that you can also cancel your subscription anytime by selecting the option ‘Unsubscribe’ at the bottom of the email page

Please refer to Corporate Calendar.

EXDI organizes every year, alternating them, either an Investor Day or a Conference Call for Analysts and Investors. Further information can be found at Events and Presentations.

Yes, both EXDI Conference calls and Investor Days are webcasted live with replays generally available for 12 months.

Further details can be found at Events and Presentations.

The Letter to Shareholders from EXDI’s Chairman and CEO is published annually. Please refer to Letter to Shareholders to read the latest publication and to access the Archive going back to 2014.

The Letter to Shareholders from EXDI’s Chairman and CEO is published annually. Please refer to Letter to Shareholders to read the latest publication and to access the Archive going back to 2014.

EXDI financial reports for the last three years are available on special request Financial Results.

For financial reports going back to 2014, please refer to the EXDI NV Archive

Please note that EXDI follows a sustainable print policy and no printed copies are available for shipping via postal mail from our offices.

Please refer to Analyst Coverage.

If you have a question which is not covered by the information in this GUIDE section or elsewhere on the website, please email us at: admin@exordigitalinnovations.com. Further details can be found at Contact.

Each year, though no later than in the month of June, an annual general meeting of shareholders will be held.

Other general meetings of shareholders will be held whenever the Board of Directors deems such to be necessary, without prejudice to the provisions of Sections 2:108a, 2:110, 2:111 and 2:112 of the Dutch Civil Code.

The agenda of the general meeting will include the following subjects for discussion or voting:
a) discussion of the board report;
b) discussion and adoption of the annual accounts;
c) dividend proposal (if applicable);
d) appointment of Directors;
e) appointment of an External Auditor;
f) other subjects presented for discussion or voting by the Board of Directors and announced with due observance of the provisions of the Articles of Association, as for instance (i) release of Directors from liability; (ii) discussion of the policy on reserves and dividends; (iii) authorization of the Board of Directors to issue shares; and/or (iv) authorization of the Board of Directors to resolve to acquire own shares.

For more information please refer to the Shareholders’ Meetings section.

Please check the attendance requirements by reading the document ‘Notice of Annual General Meeting’ which can be found at Shareholders’ Meetings.

EXDI publishes its financial results on a semi-annual basis. EXDI's fiscal year is based on the calendar year. The last day of the fiscal year is December 31.

Please refer to Corporate Calendar for publication dates.

EXDI financial reports for the last three years are available at Financial Results
For financial reports going back to 2016, please refer to the EXDI NV Archive

Net Asset Value (NAV) corresponds to the total value of assets net of the Gross Debt of the EXDI holdings system as defined below. 

In determining the total value of assets, listed equity investments and other securities are valued at official market trading prices, unlisted equity investments are valued at fair value, determined annually by independent experts, and unlisted other investments (funds and similar instruments) are valued by reference to the most recent available fair value. 

Treasury shares are valued at the official stock exchange price, except for the part designated to service stock option plans (measured at the option exercise price under the plan if this is less than the stock exchange price).

The sum of the aforesaid values constitutes the total value of assets (Gross Asset Value). Gross Debt corresponds to the total amount of the financial debt of the Holdings System.

Net Asset Value (NAV) is presented with the aim of aiding financial analysts and investors in forming their own assessments.

Please refer to Net Asset Value for more information.

EXDI aims at increasing its NAV per share to outperform the MSCI World Index in the long-term.

EXDI’s NAV per share evolution since inception (March 2014) can be found at Net Asset Value

Shortened Consolidation data is prepared by EXDI on the basis of a “shortened” method of consolidation. The subsidiaries of the Holdings System are consolidated line-by-line, while the operating subsidiaries and affiliates are consolidated using the equity method.

EXDI believes that these data and information facilitate the analysis of the financial position and the results of EXDI; in addition the shortened consolidation method is recognized by the financial community, by financial counterparties and by the rating agencies.

For more information, please refer to section ‘Review of the Consolidated Results of the EXDI Group – shortened’ of Exordigitalinnovations Annual and Half-year Reports.

EXDI corporate credit rating from S&P is currently “BBB+” for long-term debt and “A-2” for short-term debt with a stable outlook.
For more information please refer to Rating & Outstanding Bonds.

EXDI aims at keeping the Loan-to-value ratio below 20%, with the objective to preserve its investment grade rating.

For further details regarding the maturity profile and characteristics of EXDI’s bond debt, please refer to Rating & Outstanding Bonds.

EXDI is a Dutch company with its registered office and headquarters at Gustav Mahlerplein 26, 1082 MS Amsterdam.

EXDI's Board of Directors composition and CVs can be found at Board of Directors.

Information on the Audit Committee, on the Compensation and Nominating Committee, on the ESG Committee and on their members can be found at Committees.

EXDI 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. For more information regarding the history of the Agnelli Family, please refer to History

Please refer to Ownership Structure for more information.

EXDI has a Corporate Team that covers all functions ranging from finance, treasury, governance, accounting and communications.

EXDI has a team overseeing the portfolio of Exor companies, a Financial Investments team overseeing a portfolio of equity stocks and Seeds, overseeing venture capital investments.

Please refer to People for more information.

Please refer to Overview for more details regarding Exor digital innovations’s approach as an active owner and investor.

Please refer to White Paper to learn more about EXDI ’s purpose and values. Please refer to Contact for more information regarding the initiatives supported by EXDI.

Further information can be found on the ‘Sustainability Report’ section of the EXDI Annual Reports.

EXDI’s remuneration policy can be found on a dedicated section in the Annual Report.

EXDI's independent auditor is Ernst & Young Accountants LLP.