TECHNOLOGY @ RBC
Track-record of delivering value to our shareholders
Financial performance objectives measure our performance against our goal of maximizing total shareholder returns
Medium-Term Objectives
Profitability
Diluted EPS growth
ROE(2)
7%+
16%+
Capital
Management
Capital ratios (CET1 ratio)
Dividend payout ratio
Strong
40% - 50%
Average(1)
3 Years
5 Years
1%
3%
16.2%
16.4%
12.0%
11.6%
49%
48%
Dividend (3) and Earnings (4) per Share ($): 2010-20 CAGR 18%
8.36 8.75
7.56
7.82
6.73 6.78
6.00
5.49
4.91
Tangible Book Value & Book Value Per Share ($)(4)
2010-20 CAGR: BVPS19% & TBVPS 10%
4.19
3.46
2010-20 Average Dividend
Payout ratio of 47%
43.3
45.5
40.1
35.8
32.7
31.1
25.8
2.00 2.08
2.53 2.84
2.28
3.08
3.24
3.48
3.77
4.07 4.29
22.2
18.1 17.5
19.5
24.0
24.3 26.5 29.9
33.7
54.4
51.1
46.4
43.3
39.5
56.8
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
--Earnings per share (diluted) Dividend per share
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Book value per share Tangible book value per share
Achieved Solid TSR (5) Performance
RBC
Peer Average
3 Year
1%
(6)%
11%
5 Year
10 Year
20 Year
9%
3%
10%
7%
8%
(1) Diluted EPS growth is calculated using a Compound Annual Growth Rate (CAGR). ROE, CET1 and dividend payout ratio are calculated using an average. (2) Return on Equity (ROE). This measure does not have a standardized meaning under GAAP. For further
information, refer to the Key performance and non-GAAP measures section of 2020 Annual Report. (3) Dividends declared per common share. Our current quarterly dividend is $1.08. (4) EPS, TBVPS and BVPS for 2010 were determined under Canadian Generally
Accepted Accounting Policies (CGAAP) framework. (5) Annualized TSR is calculated based on the TSX common share price appreciation plus reinvested dividend income. Source: Bloomberg, as at October 30, 2020. RBC is compared to our global peer group. The peer
group average excludes RBC; for the list of peers, please refer to our 2020 Annual Report.
7 | ABOUT RBC
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