IEP Investor Presentation Highlights Diverse Portfolio and $15B in Assets

By Hao Liu • Saturday, May 17 15:26 • Permanent Link

Icahn Enterprises L.P. (IEP) has released its Investor Presentation for May 2025, showcasing its diverse portfolio of operating businesses in Investment, Energy, Automotive, Real Estate, Food Packaging, Home Fashion, and Pharma. As of March 31, 2025, IEP held approximately $15 billion in assets, with liquidity through its investment in the Investment Funds amounting to approximately $2.5 billion.

The Investment segment, which focuses on public equity and debt securities, has historically employed an activist strategy to unlock hidden value through tactics such as financial restructuring, operational turnarounds, strategic initiatives, and corporate governance changes. As of March 31, 2025, the segment had a net long notional exposure of 20%.

In terms of financial performance, the Investment segment reported an Adjusted EBITDA of ($223) million, a net income (loss) of ($223) million, and returns ranging from -2.4% to 16.9% over the past few years. The fair value of IEP's investment in the Investment Funds was approximately $2.5 billion as of March 31, 2025.

Looking at the broader picture, IEP has evolved from its origins as American Real Estate Partners in 1987 to diversify its portfolio across seven operating businesses and approximately $15 billion in assets. The company has a record of successfully acquiring undervalued assets and improving their operations and financial results. Notable transactions include the sale of American Railcar Leasing for $3.3 billion in 2017 and the sale of Federal-Mogul for $5.1 billion, Tropicana for $1.5 billion, and American Railcar Industries for $1.75 billion in 2018.

IEP's ability to maximize shareholder value through its proven activist strategy has been a key highlight. The company seeks undervalued companies and often becomes actively involved in the targeted companies, implementing changes required to improve businesses.

Following these announcements, the company's shares moved 0.83%, and are now trading at a price of $9.75. For the full picture, make sure to review ICAHN ENTERPRISES L.P.'s 8-K report.

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