RBC Financial Performance Update

Wealth Management Strategic Priorities ■ Global Asset Management: Deliver investment performance and extend leadership position in Canada, while continuing to grow in the U.S. and EMEA/APAC ■ Canadian Wealth Management: Continue to deepen client relationships and deliver a differentiated client experience that is increasingly digitally-enabled and supported by data-driven insights ■ U.S. Wealth Management: Leverage the combined strengths of City National Bank, RBC Wealth Management-U.S. and Capital Markets to accelerate growth in the U.S. ■ International Wealth Management: In the British Isles, accelerate organic market share growth to be a top-tier wealth manager, providing solutions and insight to successful wealth creators. In Asia, continue to drive growth in Asia's global families by leveraging the global strengths and capabilities of RBC Cash Earnings ($ millions)(1) (2) Recent Awards Corporate Social Responsibility / Diversity Award (Wealth Briefing Europe Awards 2021) Wealth Planning and CSR Awards (Wealth Briefing Asia Awards 2021) Innovative Client Solution (Family Wealth Report Awards, 2021) Best Private Banking Services Overall - North America and Canada (Euromoney Private Banking and WM Survey, 2021) Best in Serving Business Owners - North America and Canada (Euromoney Private Banking and WM Survey, 2021) Best ESG / Impact Investing Services - Canada (Euromoney Private Banking and WM Survey, 2021) Outstanding Global Private Bank - North America (Private Banker International Global Wealth Awards, 2020) AUA and AUM ($ billions) (3) 2,458 193 2,736 186 2,327 172 2,550 2,265 2,155 2018 2019 2020 ■ Net income 729 38 468 691 44 424 Q2/20 Q2/21 ■ Amortization 1,100 1,062 971 836 756 665 2018 2019 2020 1,227 1,054 922 782 Q2/20 Q2/21 ■ AUA ■ AUM (1) Cash earnings exclude the after-tax effect of amortization of intangibles. This is a non-GAAP measure. For more information see slide 58. (2) 2019 net income includes the gain on sale of the private debt business of BlueBay ($134 million after-tax). (3) Spot Balances. 12 BUSINESS SEGMENTS RBC

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