RBC Financial Performance Update

Wealth Management Canadian Wealth Management ■ Maintain profitable growth with strong pre-tax margin ■ #1 High Net Worth and Ultra High Net Worth market share in Canada (1) ■ Canadian leader in fee-based assets per advisor(1) Fee-based Assets per Advisor(1) ($ millions) 1.75x the Peer Average Consistently driving revenue per advisor of over $1.6MM per year, 28% above Canadian industry average(1) 133 ■ 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. RBC 76 Cdn Peer Average ■ 7th largest full-service wealth advisory firm in the U.S. as measured by number of financial advisors and 6th largest by assets under administration (2) ☐ 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, and clearing relationships while improving advisory productivity and operational efficiency City National ■ A premier U.S. private and commercial bank that creates a platform for long-term growth in the U.S. Operates with a high-touch, branch-light client service model in selected high-growth markets, including: Los Angeles, the San Francisco Bay area, Orange County, San Diego, New York, Boston, and Washington DC Expanding the CNB business model to selected high-growth markets CNB recently launched a National Corporate Banking division that will specialize in meeting the complex banking and corporate finance needs of larger commercial and mid-corporate-sized companies across the country. International Wealth Management Growing market share in target markets ◉ Enhancing "One RBC" cross-platform connectivity " Focusing on client service excellence ◉ Increasing business effectiveness and talent capabilities (1) Strategic Insight (formerly Investor Economics), January 2021. (2) Source: U.S. wealth advisory firms quarterly earnings rele ases (10-Q). 14 | BUSINESS SEGMENTS RBC

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