Economic Backdrop and Financial Performance Objectives
Balanced capital deployment driving sustainable long-term shareholder value
Diversified organic growth (1)(3) (RWA $BN)
Strong capital ratio (CET1) (1)
Medium-term objective
ROE (2) of 16%+
Medium-term objective
10%
3-Year BVPS (2) CAGR
6.1
7.5
1.6
(1.6)
5.0
2.1
2.3
06
3.8
2.7
1.1
4.7
5.6
2.6
1.6
2.3
2.3
0.2
(1.9
(3.5)
(6.2)
(4.2)
Q1/23
Q2/23
Q3/23
Q4/23
Q1/24
■Capital Markets Wealth Management P&CB ■ Other (4)
Committed to sustainable dividend growth (Q1/24)
Common share
dividends
$1.9BN
Dividend payout
Ratio(2)
55% 49%
+6% YoY
reported adjusted (5)
Capital generation creates optionality
RBC Brewin Dolphin
£1.6BN
completed acquisition
HSBC Canada
$13.5BN
announced acquisition (6)
(1) The CET1 ratio and RWA are calculated using OSFI'S CAR guideline. (2) Refer to Glossary on slides 58-59 for explanation of composition of this measure. (3) Organic growth reflects growth in RWA excluding impacts of model &
methodology updates, asset quality, acquisitions & disposals, FX and intercompany transfer of deferred tax assets. (4) Includes Insurance and Corporate Support. (5) Calculated as common share dividends ($1,944 million) divided by
adjusted net income available to common shareholders ($4,006 million). This is a non-GAAP measure. For more information, see slide 61. (6) Cash purchase price at announcement for acquisition of 100% of the common shares of HSBC
Bank Canada (HSBC Canada).
10 ABOUT RBC
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