RBC Financial Performance Update

Wealth Management - Global Asset Management Building a high-performing global asset management business Driving top-tier profitability in our largest Wealth Management business - $558.9BN in client assets - Investor asset mix of 52% Retail / 48% Institutional client assets Extending our lead in Canada Largest retail fund company in Canada, ranked #1 in market share capturing 32.3% amongst banks and 16.1% all-in (1) Strategic alliance between RBC Global Asset Management and BlackRock Canada connects clients to the largest and broadest ETF lineup in Canada 3rd largest institutional manager of Canadian pension assets (2) Delivering strong investment capabilities to support growth - Top performing investment firm with ~83% of AUM outperforming the benchmark on a 3-year basis (3) Continued growth of investment capabilities and innovative solutions for both institutional clients and retail investors Canadian Retail Mutual Fund AUM ($ billions) 15.8% 15.8% 16.1% 16.1% 16.1% 16.1% 16.2% 16.1% Diversified Asset Mix Q2/2021 AUM by Client Segment ($ billions) (4) 302.9 286.5 288.0 268.3 250.3 258.1 257.6 232.5 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Jan-21 Apr-21 Canadian Mutual Fund Balance(1) All-In Market Share(1) 17% ■Canadian Retail 11% ■ Canadian Institutional $558.9BN 52% ■ U.S. Institutional ■International Institutional 20% (1) Investment Funds Institute of Canada (IFIC) in April 2021 and RBC reporting. Comprised of long-term funds and money market prospective qualified mutual funds sold to Retail and Institutional clients. (2) Benefits Canada as at November 2020. (3) As at March 2021, gross offees. (4) RBC GAM, based on period-end spot balances. 13 BUSINESS SEGMENTS RBC

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