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.