Economic Backdrop and Financial Performance Objectives

Wealth Management Canadian Wealth Management ■ Maintain profitable growth with strong pre-tax margin RBC Dominion Securities: Fee-based Assets per Advisor(1) ($ millions) ■ #1 High Net Worth and Ultra High Net Worth market share in Canada(1) ■ ■ Canadian leader in fee-based assets per advisor(1) Consistently driving revenue per advisor of over $2.0MM per year, 32% above Canadian industry average (1) Strong asset growth complemented by favourable market conditions Leveraging enterprise linkages to extend market share gains U.S. Wealth Management (including City National) RBC Wealth Management-U.S. ■ 6th largest U.S. full-service wealth advisory firm ranked by assets under administration (2) 1.62x the Peer Average 156 96 RBC Cdn Peer Average Enhancing the client-advisor experience through a digitally-enabled, goals-based planning approach, and strengthening the range of advisory solutions and product offerings Continuing to attract and onboard new advisors, as well as new clearing relationships for our Clearing & Custody business, while enhancing advisor productivity and operational efficiency City National ■ A premier U.S. private and commercial bank Operates with a high-touch, branch-light client service model in select markets, including: Los Angeles, the San Francisco Bay area, Orange County, San Diego, New York, Washington D.C., Atlanta and Las Vegas Launched a National Corporate Banking division in 2021 that specializes in meeting the complex banking and corporate finance needs of mid- corporate-sized companies across the country International Wealth Management ■ ■ Growing market share in target markets by being advice-led and creating maximum value for clients with a broad suite of solutions Enhancing talent capabilities by unlocking meaningful career opportunities for our people and embedding an inclusive culture of trust and pride Enhancing business effectiveness and efficiency through digital enablement, including developing market-leading digital capabilities (1) Investor Economics, September 2023. (2) Source: U.S. wealth advisory firms quarterly earnings releases (10-Q). 19 BUSINESS SEGMENTS RBC

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