RBC Financial Performance Update

Strong financial profile Resilient Earnings Maintaining a strong capital position with a disciplined approach to risk Premium Return on Equity (1) Net income ($ billions) 12.9 12.4 11.4 5.0 7.9 2018 2019 2020 YTD 2020 YTD 2021 PCL (2) 0.23% 0.31% 0.63% 0.96% 0.01% NIM (3) 1.64% 1.61% 1.55% 1.60% 1.50% 19.0% 17.6% 16.8% 14.2% 12.5% 2018 2019 2020 YTD 2020 YTD 2021 Strong Capital Position 15.3% 15.5% 15.5% 15.8% 14.6% Strong Leverage and Liquidity Ratios Leverage Ratio Liquidity Coverage Ratio 5.0% 133% 12.5% 12.5% 12.8% 11.7% 12.0% Credit Ratings Amongst the Highest Globally Moody's S&P DBRS Fitch Legacy senior long-term debt(4) Aa2 AA- AA (high) AA+ Q2/20 Q3/20 ■Total Capital Q4/20 Q1/21 ■Common Equity Tier 1 (CET1) Q2/21 Senior long-term debt(5) Outlook A2 A AA AA Stable Stable Stable Negative (1) 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 Q2 2021 Report to Shareholders. (2) Provision for credit losses (PCL) on loans as a % of average net loans and acceptances. (3) Net interest margin (NIM) (average earning assets, net). (4) Ratings (as at May 26, 2021) for senior long-term debt issued prior to September 23, 2018 and senior long-term debt issued on or after September 23, 2018, which is excluded from the Canadian Bank Recapitalization (Bail-in) regime. (5) Ratings (as at May 26, 2021) for senior long-term debt issued on or after September 23, 2018 which is subject to conversion under the Bail-in regime. 6 | ABOUT RBC RBC

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