The power to change our future

The successful impact of the Fonds de solidarité FTQ lies first and foremost with the people who have been contributing

Annual Report 2022

By investing for a better society

The power to change our future is all about action. Through concrete actions guided by a long-term vision, we influence how our world changes. Marie-Pier and Kathleen realized that by starting to save early, they're gaining the means to prepare for a retirement that lives up to their dreams.

Marie-Pier Minville

Marie-Pier Minville

Organizational Development Technician, Nergica, Gaspé

"It was natural for me to become a shareholder and start saving early for retirement. I'm surrounded by people who talk to me about the Fonds, who remind me of the important role it plays in the region's economic development. I could even give you the names of partner companies to show how much this is a topic of interest around me."

Marcel Lapointe

Retired

"When it's time to retire, it's reassuring to realize that you did the right things at the right time to be able to bring your long-held dreams to life."

Marcel Lapointe

Métal 7

Éric Martin, Métal 7

President

"Metal 7 has been a Fonds partner company for nearly ten years, since we participated in the financing to buy back the main shareholder's interest. It's 2022 and we're still there for them, this time to support the management buyout process. This long-standing relationship let us create strong ties and gain extensive knowledge of the company's operations and the issues it faces. When we proposed advisory services by Groupe Asthuce, we knew that it could result in significant value creation, especially because management was very open to the process."

Delphine Leprince

Senior Information Agent, Fonds FTQ

"Our work consists of answering calls from savers or people who want to become savers," said Delphine. "Each call is different. During a single day, we may answer questions on tax credits, on how to access an online account, and sometimes even on the Fonds' mission. It takes a lot of agility on top of a deep knowledge of what the Fonds does. It's important for us to end each call positive that we fully answered all questions."

Delphine Leprince

Our results at a glance

Together, building a more prosperous, greener and fairer society

Net assets

As at May 31 (in millions of $)

Net assets were $17,412 million at May 31, 2022. $17,186 million at May 31, 2021. $13,794 million at May 31, 2020. $15,627 million at May 31, 2019. And $14,329 million at May 31, 2018.
 

Net assets per share

As at May 31 (in dollars)

Net assets per share were $52.61 at May 31, 2022. $53.21 at May 31, 2021. $44.24 at May 31, 2020. $43.90 at May 31, 2019. And 40.73 at May 31, 2018.

Development capital investments*

Years ended May 31 (in millions of $)

Development capital investments were $1,408 million at May 31, 2022. $1,133 million at May 31, 2021. $1,416 million at May 31, 2020. $1,211 million at May 31, 2019. And $1,108 million at May 31,2018.
 

Number of partner companies

As at May 31 (Fonds and network)

Number of partner companies was 3,620 at May 31,2022. 3,437 at May 31, 2021. 3,329 at May 31, 2020. 3,126 at May 31, 2019. 2,839 at May 31, 2018.

*These investments include funds committed but not disbursed, as well as guarantees and suretyships.

Annual returns to the shareholder1

Years ended May 31 (in %)

Annual returns to the shareholder were -1.1% at May 31, 2022. 20.3% at May 31, 2021. 0.8% at May 31, 2020. 7.8% at May 31, 2019. 7.5 % at May 31, 2018.

Annual compound returns to the shareholder2

Year ended May 31, 2022 (in %)

Annual compound returns to the shareholder at May 31, 2022 were -1.1% over one year. 6.2% over three years. 6.8% over five years. 7.1% over ten years.

Notes

1 The annual return to the shareholder is calculated by taking into account the non-annualized change in the value per share over the relevant financial year. The indicated rates of return do not take into account income taxes payable by any securityholder that would have reduced returns.

2 The annual compound return to the shareholder is calculated by taking into account the annualized change in the value per share over each of the periods indicated. Each compound rate of return indicated do not take into account income taxes payable by any securityholder that would have reduced returns.

Together, meeting the challenges of a world in transition

Beyond financial return, we strive to contribute to society's well-being through our investments. Our objectives are to create and retain high-quality jobs, to support local and regional economies, and more. Read our 2022 Operations and Sustainability Report online to discover all our initiatives.



2022 GRI Content Index

Read our 2022 GRI Content Index online to discover all our sustainability initiatives and practices.

 

Legal Notes
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.

Prospectus_EN ( 814 Kb )