#1Schroders in Focus Wealth Management 7 October 2021 Marketing material for professional clients only.#2Strategic rationale and ambition Schroders Peter Harrison Group Chief Executive#3Wealth Management - a strategic priority Further diversifying Group PBT¹ 84% 16% OLI 10 4 Wealth Management Asset Management Improving longevity of assets (years) ¹Profit before tax and exceptional items as at June 2021. Increasing margins on assets (bps) 56 37 Moving closer to the end consumer#4Wealth Management Strong track record of acquisitions and partnerships 2016 O 2017 Benchmark Capital B2B service provider 2020 C. Hoare & Co. Wealth business Lloyds JV SPW 2019 Lloyds Mayfair team Thirdrock Wealth business Sandaire Family Office business Schroders#5Assets have more than doubled in 5 years Targeted at +£115bn by end 2025 £32bn 2015 29 Acquisitions 8 NNB 8 Markets/performance £76bn H1-21 5% NNB p.a. of assets over next five years and continued acquisitions and partnerships +£115bn G 2025 target#6What makes us different? Schroders Peter Hall Global Head of Wealth Management#7High and Ultra High Net Worth United Kingdom HNW, UHNW, Family Offices and Charities Continental Europe and Asia Booking centres in the Channel Islands, Switzerland, Hong Kong and Singapore Four distinct franchises... Note: AUM data as at August 2021. Cazenove Capital £45bn £79bn AUM Schroders Wealth Management £11bn Schroders personalwealth £13bn -Benchmark £10bn Capital Affluent B2C Individuals needing financial planning advice B2B Advisers needing technology, investment and succession planning Schroders#8...all leveraging Schroders' key strengths Private Assets offering £48bn franchise with impact leadership in Blue Orchard Trusted global brand Top five global brand¹ Lloyds Bank Relationship 50% of UK adults have relationship with Lloyds Banking Group Family ownership 6th generation family ownership Sustainability leadership Proprietary SustainEx tool ¹NMG consulting - Global asset management brand study 2020. Schroders Institutional investment expertise 700 professionals across 30 countries Financial strength Over £700bn AUM, £4bn of capital Technology Scalable and efficient platforms Differentiated propositions Intermediary distribution channel UK distribution team of 30 people Schroders#9Key secular trends - underpinning opportunities... Wealth creation in UK regions¹ Over 60% of UK wealth located outside London and the South East North West and North East growing at 8.0% and 10.8%, respectively Fragmentation in family office segment² Five largest independent multi-family offices represent less than 2% of the aggregate wealth for the EMEA UHNW market Declining UK adviser numbers with many approaching retirement³ Reduction from 220k+ advisers to 27.5k over the last 30 years Liquid wealth has grown to £1.8tn today Average age of advisers: 58 years Rise of the Moderate Green segment4 31% of investors are interested in a sustainable option Holy grail of single picture of your financial affairs Emerging moves by challenger banks into Wealth Open Finance Source: 'Total Wealth: Wealth in Great Britain (ONS, March 2018 data set). ²Company reporting, PAM 2020 and press articles, Capgemini Research 2021. HNWI defined as $1m or more of investible assets, excluding primary residence. ³Polarisation and Financial Services Regulation, FSA 2000; Financial advice firms in 2020 - Platforum, 2020; McKinsey, Panorama Global Banking 2020; Libertatum ,2019 4Boring Money. Schroders#10Business ...creating five drivers accelerating growth owners across UK regions Cazenove Capital Global Family Office Service Cazenove Capital Schroders Wealth Management Deeper penetration of UK adviser market -Benchmark Capital Personalised sustainable investment UK Affluent financial planning Schroders personalwealth Schroders#11Revenue and profit margins projected as stable while we deliver on growth initiatives Revenue margin Interest income Growth of affluent Cross selling Adviser platform pricing Charities As at June 2021. 56bps + + + || Profit margin Scale economies IT investment Digitalisation Cost of talent 31% + + + Schroders#12Our leadership team Strong track record of delivery Mary-Anne Daly Chief Executive Officer Cazenove Capital Giles Neville Head of Wealth Management Channel Islands DO Mark Baker Chief Operating Officer, Wealth Management David White Chief Executive Officer Benchmark Capital Peter Hall Global Head of Wealth Management Adrian Noesberger Head of Wealth Management Switzerland Helen Fitzgerald Chief Financial Officer, Wealth Management Mark Duckworth Chief Executive Officer Schroders Personal Wealth Jason Lai Head of Wealth Management Asia Ben Noah Head of Compliance, Wealth Management Kate Rogers Global Head of Sustainability, Wealth Management Caspar Rock Chief Investment Officer, Wealth Management Mitesh Mistry Global Head of Marketing, Wealth Management Fahmida Afrin HR Business Partner, Wealth Management Schroders#13Accelerating growth Cazenove Capital Mary-Anne Daly Chief Executive Officer#14Cazenove Capital What do clients look for? A personal, trusted relationship Quality advice and performance Growth trajectory £24.6bn Continuity through time Current year annualised NNB¹ of 4% up from 2.5% in 2020 Dec 15 ¹August 2021 year to date annualised. Risk control £45.4bn Aug 21 What sets us apart? Schroders' financial strength and stability Sophisticated wealth planning advice Global out-performing² investment reach Exceptional, stable talent Strong next-generation pool of advisers Deep client relationships Strong referral base: clients and their professional advisers Lloyds Business Bank: grow business- owners franchise throughout the UK ²Source: ARC at 31 December 2020. Performance vs. peer-group averages, all risk categories, £, € and $ over 1, 3 yrs.#15Examples of continued strengthening of client proposition Sustainable Reporting - Informing all clients Private Assets Level of wealth Level 4 Single Companies Level 3 Single Funds Schroder Adveq direct co-invest Level 2 Fund of Fund Solutions Level 1 Investment Trusts Range of external managers via Schroders Capital Partners Capital & Schroders Gaia Diversified alternatives fund Real example of client transferring-in legacy assets (with sub-optimal sustainability ratings) Sustainability dashboard Portfolio equities vs MSCI AC World Planet Carbon Emissions 4% higher than the benchmark People Social Dividend 3 34% 0.9% Fund Manager Sustainability Ratings (% total portfolio) 2 13% 4 41% vs 1.5% 5 11% Laggards Leaders Source: Cazenove Capital. The sustainability ratings are from 1 to 5 (1 being the worst and 5 the best) and are derived from the 2021 results of our proprietary annual ESG firm-level questionnaire. Portfolio Rating 3.5 Schroders#16Driver to accelerate growth: Business owners across UK regions Grow franchise with business owners across the UK Hire regional top-talent, leverage Lloyds' reach The opportunity: 60% of UK Wealth located outside London and SE NW growing at 8.0%, NE at 10.8% Lloyds share of UK SME & Mid corporates¹: 20% (61k customers) Share of FTSE 100 and FTSE 250 corporates²: 60% - Regional headcount: 16 new hires 41 25 2019 0.4 34 2019 2020 Lloyds new business pipeline: £1.2billion 2021 1.2 2021 Manchester Bristol 00 O O OO O Current footprint New regional hubs Leeds Birmingham ¹Source: Lloyds Banking Group. Corporates with T/O of £3m-£100m: 61,000 customers. ²Source: Lloyds Banking Group. Corporates with T/O of £100m+: 4,000 customers. Schroders#17Driver to accelerate growth: Global Family Office Service Grow franchise in UHNW segment... Sandaire acquisition: part of that strategic focus Today: 285 clients with +£25m invested with us; 47 with +£100m Personal service Trusted confidante on softer issues Independence Cazenove Capital Sustaining clients through generations Multi jurisdictional presence Investment expertise Security & stability Combining the service of small family offices with the resources of a global FTSE 100 business Schroders#18To conclude: A highly reputed, stable and profitable business... ...on a trajectory of continued growth acceleration A growing as well as fragmented market: 55% of clients today are current-generation wealth: 40% are or were business-owners, 20% come from the world of finance Strong track record of integrating carefully selected, accretive acquisitions - Longevity: multi-generational relationships – many clients span 20+ years Strong referral flow from them and their networks of professional advisers An employer of choice for top-quality experienced and next-generation talent... Attracted as much by Cazenove's client-centric, collaborative culture as our development ambitions Two important growth acceleration opportunities: Expand regional business-owners franchise, leveraging Lloyds business bank UHNW market Underpinned by Schroders' financial strength, stability and investment reach Schroders#19Growing our B2B adviser services franchise Benchmark Capital David White Chief Executive Officer#20A set of integrated solutions designed to simplify an adviser business Technology Succession Solutions Network Services Investment We do this in four ways: Technology - enabling advisers to improve the end-to-end client experience and transact through our proprietary platform and client portal Network Services - providing compliance oversight, training, regulatory support and financial advice supervision Investment - offering index, active and sustainable options via the Schroder Investments Solutions Model Portfolio Service Succession Solutions - helping advisers realise value in their business via an outright purchase or financing succession planning for their next generation#21Accelerating growth through differentiation Current annualised NNB of 8%¹ 364 £1.8bn Dec 15 Assets under Administration, excl. SPW 1,200+ £10bn Aug 21 16% without associates as at August 2021 year to date annualised, excludes SPW. 2Source: Morningstar and Schroder Investment solutions, as at 30 June 2021. Advisers What sets us apart? Breadth and depth of our offering across all of our four integrated solutions Proven Model Portfolio Solution (MPS) - 89% in the top quartile for investment performance over 5 years² Flexible succession planning offer - from start up to exit (over 35 deals completed), and very strong pipeline Access to all Schroders' strengths, notably capital, distribution team and investment expertise Leading Adviser Business winner for 7 consecutive years and Best Wealth Management Platform 2021 winner at the UK Platforms Award#22Recent development: Strengthened our capability with new investment offering Technology Succession Solutions Network Services Investment A turnkey investment proposition: An extensive range of Active, Index and Sustainable Portfolios with the launch of Schroder Investment Solutions Competitive Model Portfolio Solution (MPS) Pricing at 15bps Strong investment performance with 89% in top quartile over five years £4bn in assets (top 10 player) and available on 12 leading platforms Post launch, monthly flows increased and now at an average of £51m, with momentum building#23Driver to accelerate growth: Penetration of UK adviser market A segmented and targeted approach to accelerate our growth through 2025 Turnkey advisers Network switchers 'Accelerate to exit' Breakaway advisers Investment only firms Source: NextWealth 2021. Requiring an out-of-the-box solution, aligned to a turnkey model meeting Benchmark's standards Seeking to switch network in the next 1-5 years due to dissatisfaction Wanting to exit the industry in the next 2-5 years and looking for a credible partner to power this Size of segment (additional no. of advisers) 15% of largest advisers (48 firms who have over 50 advisers) indicate desire to set up own practice within 1-5 years 83% of advisers use model portfolios, of which an estimated 30% outsource, and wish to remain with their preferred platform +2,900 +1,800 +4,600 +2,100 +6,800 Schroders#24Driver to accelerate growth: Penetration of UK adviser market Clear and proven opportunity to increase cross sell of services and raise margin Number of services used (number of advisers) 6% 21% O 19% 54% 1 service 2 services 3 services 4 services Source: Schroders, as at August 2021, excludes SPW. Fees generated (blended in basis points) 14 12 19 73 1 service 2 services 3 services 4 services Schroders#25The next stage of growth Schroders personalwealth Mark Duckworth Chief Executive Officer#26Increasing number of referrals LBG 6,000 4,000 2,000 100 50 Schroders Personal Wealth: Turning the corner Jan 20 Feb 20 Mar 20 0 Clients purchasing per week since 2020 250 200 150 Apr 20 May 20 Jun 20 Jul 20 Aug 20 Sep 20 Oct 20 Nov 20 Dec 20 Jan 21 Feb 21 Mar 21 Apr 21 May 21 Jun 21 Jul 21 Aug 21 Banking Lloyds Group referrals 2020 Self generated 1,000 750 500 250 0 -Self-generated referrals ¹August 2021 year to date annualised. NNB for OpCo only, excludes ACD. (Solution Funds). 2021 to August Improved productivity of advisers Average number of meetings with clients per week 1,263 2020 1,959 -3% 2020 Aug-21 Current year annualised NNB¹ running at 2% 2% Aug-21 Schroders#27Capturing the opportunity offered by reducing adviser numbers Number of advisers in the UK 221k M £72k 27.5k 1991 1991 Average UK wealth per adult £213k 2021 2021 ¹Polarisation and Financial Services Regulation, FSA 2000; Financial advice firms in 2020 - Platforum, 2020; 2 SPW Analysis of London School of Economics - Is it Time for a Wealth Tax; Global wealth report 2021, Credit Suisse. 90 advisers trained through the SPW Academy since launch. Advisers are employed Accelerated Academy program & qualified hires Introductions from Lloyds Banking Group Schroders#28A business model with unique strengths... Lloyds Banking Group £474bn of customers deposits 17.7m active users of digital banking 50% of UK adults have a relationship with Lloyds Banking Group SPW Schroders Access to Schroders Investment Performance Powered by Benchmark technology platform Sustainability Schroders#29Unique client proposition Single picture of finances across banking and investments Customised proposition over lifetime by profession e.g. healthcare, professional services Market leading propositions available and being developed e.g. 0% commission protection, ESG Better value for money than peers helping clients Client with £150k investment and +£20k p.a. would be £22k-£49k better off over fifteen years vs. competitors#30Sustainability: Our competitive edge Kate Rogers Global Head of Sustainability#31What sets us apart? 02. Impact - Meaningful and measurable impact - Engaging reporting People 3x social benefit Planet 85% less carbon emissions 01. Performance Strong financial performance vs. peers Cazenove Sustainability Growth ARC Steady Growth 03. Personalisation Designing portfolios to meet individual values - aligned to the UN SDGs 13 CLIMATE ACTION 3 50 GOOD HEALTH AND WELL-BEING W 40 30 Source: Cazenove Capital and Lipper. Data to 30 June 2021. 20 10 0 -10 Jan 18 21% 6% 4% Jan 19 0% 0% 13 12 11 14 10 4% 1% 15 9 Jan 20 8 1 0% 9% 2 1% 3 6 4 5 0% 2% 1% Jan 21 29% 22%#32Don't just take it from us... INVESTMENT WEEK SUSTAINABLE & ESG INVESTMENT AWARDS 2021 In association with BMO Global Asset Management March | 2021 Point of No Returns Part V-Leading Practice A guide to current leading practices by asset managers on responsible investment ShareAction>>> University Of Reading Endowment To Be Managed By Cazenove Capital 6 February 2020 Greg Winterton The University of Reading in the U.K has selected Cazenove Capital to run its £120mn multi-asset endowment portfolio. Sustainability played an important part in the selection process. Samantha Foley, Chief Financial Officer, University of Reading commented: "We are confident that Cazenove Capital, and the wider Schroders Group, align with our own stance on climate change and with the Paris goals. We are pleased to see that they have committed to mitigating their carbon emissions from 2020 and to 100% renewable energy use by 2025. Schroders has recently been named as one of the world's 2000 most influential companies with the ability to make a meaningful contribution to achieving the UN Sustainable Development Goals by the World Benchmarking Alliance." Environmental Finance IMPACT Awards 2020 Winner Award for impact measurement/impact reporting MAGIC CIRCLE AWARDS Charity Investment Manager of the Year Citywealth 2021 GOLD Cazenove Capital Cazenove wins ESG investing Olympics Wealth management arm of Schroders to launch new fund after public battle for £33.5m charities mandate Nottingham investments to further the university's commitment to sustainability May 12th, 2021 The university is taking a further step in its commitment to sustainability after appointing investment manager Cazenove Capital to manage its £59.4 million endowment portfolio and £9.5 million medium-term investment fund. Schroders#33The growth opportunity Growing Sustainable AUM £bn 3.0 2018 3.5 2019 5.0 14% total AUM 6.1 2020 Aug 2021 Rising client interest, increasing longevity 2020 UK Client Survey: Categorisation by attitude Impact Integrating ESG Source: Cazenove Capital and Aon. Survey carried out online in October 2020. 1,382 respondents. 42% clients ■Sustainable Finance focused Growing new business Cazenove Capital 21% Sustainable Opportunities Current Pipeline Schroders#34Closing remarks Peter Hall Global Head of Wealth Management#352.5% NNB 2020 Proof points for growth acceleration Trajectory 4.0% NNB YTD run rate 5.0% NNB 2022-2025 Untapped potential Low current share of target market e.g. B2B adviser services Opportunity to capture rapidly growing segment e.g. Moderate Greens Adviser hiring 90 SPW advisers from the Academy 16 new experienced adviser hires in the regions for Cazenove Capital Schroders#36Strong track record from £32bn to £76bn over past 5 years Key takeaways 100⁰ 5% organic growth p.a. target over the next 5 years Acquisitions and partnerships to boost organic growth >£115bn assets by 2025 Unique multi-brand franchise with strong competitive differentiation Revenue and profit margins of 56bps and 31% projected to be maintained Schroders#37Schroders Thank you#38Q&A Peter Harrison Group Chief Executive Richard Keers Group Chief Financial Officer David White Chief Executive Officer Peter Hall Global Head of Wealth Management Mark Duckworth Chief Executive Officer Mary-Anne Daly Chief Executive Officer Kate Rogers Global Head of Sustainability