Economic Backdrop and Financial Performance Objectives
The RBC story
Diversified business model
with scale and market-
leading franchises
Leading presence in Canada
and an established multi-
platform U.S. strategy
Differentiated tech and
innovation investments that
go beyond banking
Premium ROE and
disciplined expense
management
Strong balance sheet and
prudent risk management
■ Well-diversified across businesses, geographies and client segments
Able to capitalize on opportunities created by changing market dynamics and economic conditions
■ A full suite of products, advice and services to meet our clients' financial needs and build deep, long-term
relationships
■ #1 or #2 market share in all key product categories in Canadian Banking with superior cross-sell ability
Largest branch network, the most ATMs and one of the largest mobile sales forces across Canada
10th largest global investment bank (1), #1 in Canada and #1 Canadian investment bank in the U.S.(2)
Largest retail mutual fund company in Canada based on assets under management (AUM) (3)
6th largest full-service wealth advisory firm in the U.S. as measured by assets under administration (AUA)(3)
■ #1 High Net Worth and Ultra High Net Worth market share in Canada
City National is a U.S.-based relationship bank serving the entertainment industry, mid-market businesses, High
Net Worth individuals and other clients who value personalized banking relationships
One of the largest Canadian bank-owned insurance organizations (4)
Long history of innovation and proven ability to adapt to industry trends; ongoing investments in technology to
deliver exceptional experiences and differentiated value for clients
Focused on simplifying, digitizing and personalizing our products to make it easier for clients and employees to
do business, and to lower costs
RBCXTM supports 3,500+ tech and innovation clients and in-house ventures like MydohⓇ (used by 140,000+
Canadians to build financial literacy), OwnrⓇ (trusted by 130,000+ Canadian businesses), Houseful TM (formerly
OJO CanadaⓇ, supporting 11 million+ of Canadians in their home ownership journey) and Dr. BillⓇ (serving
14,000 physicians since 2020)
■ Track record of earnings and dividend growth while maintaining a disciplined approach to risk and cost
management
■ 16%+ ROE(5) medium-term objective
Strong capital position and a high-quality liquid balance sheet; 40-50% dividend payout ratio (6) medium-term
objective
Credit ratings amongst the highest globally
A disciplined approach and diversification have underpinned credit quality
Leading Canadian core deposit franchise that serves as a stable source of funding
(1) Dealogic, based on global investment banking fees LTM Q1/24. (2) Based on market share (fiscal 2023), Dealogic. (3) Refer to the Glossary on slides 58-59. (4) On a total revenue basis. (5) Return on Equity (ROE) is calculated
as net income available to common shareholders divided by average common equity for the period. For further information refer to slide 61. (6) Dividend payout ratio is calculated as common dividends as a percentage of net income
available to common shareholders.
4 | ABOUT RBC
RBCView entire presentation