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Canaccord Genuity Group Inc. Investor Presentation November 2025
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Forward looking statements and non-IFRS measures This document may contain ‘‘forward-looking statements’’ (as defined under applicable securities laws). These statements relate to future events or future performance and reflect management’s expectations, beliefs, plans, estimates, intentions and similar statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts, including business and economic conditions and Canaccord Genuity Group’s growth, results of operations, performance and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward- looking statements can be identified by terminology such as ‘‘may’’, ‘‘will’’, ‘‘should’’, ‘‘expect’’, ‘‘plan’’, ‘‘anticipate’’, ‘‘believe’’, ‘‘estimate’’, ‘‘predict’’, ‘‘potential’’, ‘‘continue’’, ‘‘target’’, ‘‘intend’’, ‘‘could’’ or the negative of these terms or other comparable terminology. Disclosure identified as an ‘‘Outlook’’ contains forward looking information. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and a number of factors could cause actual events or results to differ materially from the results discussed in the forward-looking statements. In evaluating these statements, readers should specifically consider various factors that may cause actual results to differ materially from any forward-looking statement. These factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry and the risks and uncertainties discussed from time to time in the Company’s interim condensed and annual consolidated financial statements and its annual report and Annual Information Form (AIF) filed on www.sedarplus.ca as well as the factors discussed in the sections entitled ‘‘Risk Management’’ in the Company’s MD&A and ‘‘Risk Factors’’ in the AIF, which include market, liquidity, credit, operational, legal, cyber and regulatory risks. Material factors or assumptions that were used by the Company to develop the forward-looking information contained in this document include, but are not limited to, those set out in the Fiscal 2026 Outlook section in the annual MD&A and those discussed from time to time in the Company’s interim condensed and annual consolidated financial statements and its annual report and AIF filed on www.sedarplus.ca. The preceding list is not exhaustive of all possible risk factors that may influence actual results. Readers are also cautioned that the preceding list of material factors or assumptions is not exhaustive. Although the forward-looking information contained in this document is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this document are made as of the date of this document and should not be relied upon as representing the Company’s views as of any date subsequent to the date of this document. Certain statements included in this document may be considered ‘‘financial outlook’’ for purposes of applicable Canadian securities laws, and such financial outlook may not be appropriate for purposes other than this document. Except as may be required by applicable law, the Company does not undertake, and specifically disclaims, any obligation to update or revise any forward-looking information, whether as a result of new information, further developments or otherwise. Non-IFRS Measures The information in this presentation reflects non-IFRS measures (adjusted figures), non-IFRS ratios and supplementary financial measures. Please see the MD&A dated November 13, 2025 for a description of these measures and for a reconciliation to IFRS information. Page 2
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NORTH AMERICA UK & EUROPE AUSTRALIA ASIA BOSTON NEW YORK BIRMINGHAM JERSEY ADELAIDE BEIJING CHARLOTTE OAKVILLE BLACKPOOL LANCASTER ALBANY HAINAN CALGARY OTTAWA CAMBRIDGE LLANDUDNO BRISBANE HONG KONG EDMONTON SAN FRANCISCO DUBLIN LONDON BUSSELTON KELOWNA TORONTO EDINBURGH NEWCASTLE CANBERRA MINNEAPOLIS VANCOUVER GLASGOW NORWICH GOLD COAST MONTREAL WATERLOO GUERNSEY SOUTHAMPTON MELBOURNE NASHVILLE WINNIPEG GUILDFORD WORCESTER PERTH ISLE OF MAN PORTSEA SUNSHINE COAST SYDNEY About Canaccord Genuity Group Inc. 1. Excludes significant items (Non-IFRS and non-GAAP) . Refer to non-IFRS measures in the MD&A and on page 2 of this presentation. 2. All amounts are for H1 fiscal 2026, ended September 30, 2025 Driven to deliver superior outcomes for mid-market companies and investors Page 3 Comprehensive wealth management solutions helping individual investors, private clients and charities achieve their financial goals. $134 bn CLIENT ASSETS $27 bn YTD PROCEEDS RAISED 2,911 EMPLOYEES 47 LOCATIONS 194 YTD INVESTMENT BANKING TRANSACTIONS Leading mid-market provider of investment banking, advisory, equity research, and sales & trading services for corporations and institutions. 4 CONTINENTS $979 M YTD REVENUE1 WEALTH MANAGEMENT OFFICES CAPITAL MARKETS OFFICES
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Financial highlights 1. Excludes significant items (Non-IFRS and non-GAAP) . Refer to non-IFRS measures in the MD&A and on page 2 of this presentation. 2. Net income before taxes, non-controlling interests and preferred share dividends Q2 fiscal 2026: Three and six months ended September 30, 2025 Page 4 Revenue1 Pre-tax profit margin1 Pre-tax Net Income1,2 Diluted EPS1 Q2 Fiscal 2026 3 months ended September 30 H1 Fiscal 2026 6 months ended September 30 H1 Fiscal 2025 6 months ended September 30 530.4 M +24.0% y/y $978.9 M +14.3% y/y $856.6 M $93.2 M +20.8% y/y $59.8 M +41.4% y/y $77.1 M $0.27 +35.0% y/y $0.41 +24.2% y/y $0.33 11.3% +1.4 p.p. y/y 9.5% +0.5 p.p. y/y 9.0%
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Defensive revenue mix provides downside protection Page 5 Increased contributions from Wealth Management and Advisory have helped to reduce our reliance on underwriting activity $664 $720 $708 $773 $905 $985 $193 $489 $363 $230 $306 $289 $1,136 $832 $452 $477 $557 $616 $1,993 $2,041 $1,523 $1,480 $1,768 $1,890 2021 2022 2023 2024 2025 LTM Wealth Management Capital Markets Advisory Other CAGR (Wealth Management) CAGR (Capital Market Advisory) 8% Advisory 8% Wealth 5-YEAR CAGR Going deeper into our core capital markets strengths and taking steps to grow market share in all businesses and geographies Expanded higher-margin Advisory businesses in US and UK Significantly invested in growing our wealth management businesses in Canada, the UK and Australia; advancing organic and inorganic growth priorities 1. As Advisory activity has become a more meaningful component of revenue for the Australian capital markets business, the Compa ny began reporting this segment separately beginning in Q1/26. The 2025 total has been restated to include amounts previously reported under Investment Banking 2. PitchBook: Transaction totals represent U.S. M&A/Control Transactions, All Buyout Types, and Growth/Expansion transactions <$500M in the Technology, Media, & Telecommunications segment as classified by PitchBook . FY26-Q2 transactions 7/1/25-9/30/25. A top-10 wealth manager by client assets in the UK; strong recruiting momentum and client asset growth in Canada and Australia Top-ranked for U.S. mid-market TMT Advisory2 1
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Investments targeted towards key markets Page 6 Disciplined focus on growing contributions from global wealth management and capital markets advisory Steadily increasing revenue contributions from wealth management C$ millions, fiscal years ended March 31 H1 2026 ended September 30 $251 $247 $267 $370 $462 $511 $664 $720 $708 $773 $905 $985 28% 31% 30% 36% 39% 42% 33% 35% 46% 52% 51% 52% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Wealth Management % of firm-wide revenue $153 $160 $130 $122 $141 $206 $193 $489 $363 $230 $306 $289 25% 30% 22% 19% 20% 30% 15% 37% 46% 34% 37% 33% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM Advisory % of Capital Markets revenue Targeted investments to increase capital markets M&A revenue contributions C$ millions, fiscal years ended March 31 H1 2026 ended September 30 Mid-market advisory activity in core CG focus sectors outperformed during post-pandemic downturn Materially invested in growing our midmarket TMT and Consumer sector advisory capability Launched strategy to materially grow wealth management businesses Transformational acquisitions in UK and Australia coupled with aggressive recruiting strategy in Canada. Investments in modern, scalable platforms. Continue to advance recruiting. Add complementary tuck-ins. Drive synergies. Prioritize organic growth and margin improvement. Grow fee-based assets. Positioned for outperformance as interest rate environment improves Despite a strong pipeline, trade-related uncertainties disrupted M&A completion activities in H126 1. As Advisory activity has become a more meaningful component of revenue for the Australian capital markets business, the Compa ny began reporting this segment separately beginning in Q1/26. The 2025 total has been restated to include amounts previously reported under Investment Banking. 1
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$134.8 $1.7 $2.7 $0.4 $2.4 $0.5 $1.1 $2.1 ($3.3) $1.5 $4.2 $148.1 Q2 2025 Debt Interest Expense Premises, Equipment & Amortization Miscellaneous Interest/ Bank Charges FX Professional Fees/ Client Expenses Communication & Technology Other Expenses Client Interest and Dividends Development Costs Trading Costs Q2 2026 Focused on improving expense management to create capacity for investments in growth Page 71. Year-over-year variances are expected to begin declining in the second half of fiscal 2026 following the one -year occupancy mile stones for Vancouver and NYC headquarters and certain wealth management offices in UK and AU. 28% of year-over-year increase is attributable to discretionary expenses C$ millions $13.3M or 9.9% Y/Y increase Fixed Expenses = $7.2 M Discretionary Expenses = $3.7 M Revenue/Investment Driven = $2.4 M Investments in new workspaces for our flagship Vancouver and New York offices and in connection with new wealth branches in AU and UK1 Increase mainly due to higher legal fees in the US Investments to advance our core capabilities and grow wealth management Interest expense declines as rates begin to come down. Interest expense is partially offset by interest revenue Investments to support growth in Canadian and UK wealth management operations Prior year benefited from indirect tax timing differences; no similar impact this year Higher trading costs in the US due to higher IEG activity. CGWM UK costs also increased due to acquisitions
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Increasing employee ownership supports our partnership culture Page 8 Independently governed Limited Partnership owned by employees • Acquired approximately 9.7% of outstanding CF common shares in March 2024 • Following receipt of regulatory approval in Q1/26, position increased to 14.2% • Permanent capital vehicle ensures long-term equity interest and a growing level of ownership by senior employees • Creates a heightened sense of ownership over decisions, results, and performance Excellent progress towards our objective • 46.2% of outstanding shares held by senior officers, employee LTIP, and the employee-owned limited partnership • Additionally, 35% of CG’s Australian business is employee-owned and employees in our UK wealth management business directly own approximately 5% of that business on a diluted basis • Structurally, our objective would be to continue to foster employee ownership Fosters a culture focused on long-term success Promotes alignment between our business, clients, and fellow shareholders
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Global Wealth Management Page 91. Excludes significant items (Non-IFRS and non-GAAP) . Refer to non-IFRS measures in the MD&A and on page 2 of this presentation 2. Before taxes and non-controlling interests An important source of earnings power and stability $98.1 $88.6 $93.3 $110.4 $133.6 2022 2023 2024 2025 2026 H1/26 CLIENT ASSETS $134 bn H1/26 REVENUE $512 M H1/26 PRE-TAX NET INCOME1 $93 M H1/26 PRE-TAX PROFIT MARGIN1,2 18% Total Client Assets - C$ billions, Fiscal years by quarters ended March 31 Q2/26 ended September 30 Total Wealth Management Revenue C$ millions, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 Pre-tax net income (C$ millions) and profit margin1 Fiscal years ended March 31 H1/26 and H1/25 ended September 30 $148.5 $125.7 $140.5 $149.0 $71.5 $92.9 20.6% 17.8% 18.2% 16.5% 16.5% 18.1% 2022 2023 2024 2025 H1/25 H1/26 UK & Europe Canada Australia Pre-tax profit margin $720 $708 $773 $905 $432 $512 2022 2023 2024 2025 H1/25 H1/26 UK & Europe Canada Australia 8% 4-year CAGR
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CG Wealth Management: Advancing core growth momentum Page 10 1. Excludes significant items (Non-IFRS and non-GAAP) . Refer to non-IFRS measures in the MD&A and on page 2 of this presentation 2. Before taxes and non -controlling interests 3. The Company’s method of computation for this metric may differ from the methods used by other companies. 4. The normalized EBITDA for Q1/25 was restated to £19.4 million (previously disclosed as £18.7 million) Solid top-line performance as we continue to advance our organic and inorganic growth priorities in all regions Revenue Pre-tax net income(1) Pre-tax profit margin(1) (2) Normalized EBITDA(1) (3) Total client assets Fee-based assets Priority growth drivers Canada Differentiated and fast-growing independent wealth management firm $206.0 M ↑15.7% y/y $27.7 M ↑30.0% y/y 13.4% ↑1.5 p.p. y/y $40.4 M ↑17.7% y/y $49.4 bn ↑23.7% y/y $23.7 bn ↑30.8% y/y • Advisor recruitment • Grow fee-based assets • IA practice development • Leverage technology platform to accelerate lead generation and new asset growth • Invest in increasing brand awareness UK & Crown Dependencies A top-10 wealth manager in the region by assets $255.0 M ↑17.9% y/y $60.2 M ↑25.4% y/y 23.6% ↑1.4 p.p. y/y £43.5 M ↑15.9% y/y(4) C $74.0 bn ↑17.6% y/y £39.5 bn ↑13.6% y/y £25.0 bn ↑15.8% y/y • Targeted recruitment • Prioritize organic growth • Enhance cross-selling and business development capabilities • Expand financial planning • Technology investment Australia Capturing greater share in a fragmented market $51.3 M ↑34.4% y/y $5.1M ↑132.5% y/y 9.9% ↑ 4.2 p.p. y/y C$10.1bn ↑34.9% y/y A$11.0 bn ↑37.1% y/y n.m. • Advisor recruitment • Grow fee-based assets • Advisor development/teaming • Systems and technology uplift • Invest in increasing brand awareness H1/26 As at September 30, 2025
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Canada Wealth Management: Client assets increased 24% year-over-year Page 111. Net new assets include dividends and interests. Positive inflows and market recovery drive continued AUA growth. Increasing contributions from fee-generating assets. $39,938 $42,719 $49,390 September 2024 March 2025 Organic inflows Recruited Market September 2025 AUA Movement C$ millions, fiscal years ended March 31 H1/26 ended September 30 +0.9% +0.3% +14.5% Net inflows = 1.2% of opening AUA +10.7% 44% 43% 44% 44% 51% 55% 54% $18,440 $32,240 $37,881 $35,694 $38,406 $42,719 $49,390 2020 2021 2022 2023 2024 2025 H12026 Fee-generating assets Other client assets CAGR (fee-generating assets) CAGR (total assets) Steadily increasing proportion of fee -generating assets C$ millions, fiscal years ended March 31 H1/26 ended September 30 24% 5-year CAGR 18% 5-year CAGR
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UK Wealth Management AUM Movement Page 12 1. Expected attrition from acquisitions 2. CG Asset Management (CGAM) with AuMA of £2,055M was not included in the H1’2026 AUM Movement. Continued growth in fee-based assets. Increase driven by market values AUM Movement £ millions, fiscal years ended March 31 H1/26 ended September 30 60% 58% 61% 63% 61% 65% 63% $39,879 $52,298 $52,830 $55,101 $59,084 $69,246 $74,033 2020 2021 2022 2023 2024 2025 H12026 Fee-based assets Other client assets CAGR (fee-based assets) 13% 5-year CAGR Fee-Based Assets C$ millions, fiscal years ended March 31 H1/26 ended September 30 +0.7% +7.5% (1.7)% £34,808 £35,188 £37,494 £2,054 £39,548 September 2024 March 2025 Net Organic Flows Exceptional Market and Other CG Wealth Management CG Asset Management September 2025 YTD annualized organic inflows = 1.5% 2 1
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CG Global Wealth Management: Strengthening client assets and earnings contributions Pursuing organic and inorganic growth initiatives in all regions • Completed acquisition of Intelligent Capital on April 8, 2024. Increased Scottish footprint and Financial Planning capacity. • October 1, 2024, completed acquisition of Cantab Asset Management, a chartered financial planning business in Cambridge, UK • February 24, 2025, completed acquisition of Brooks Macdonald International Ltd. • Steadily increasing the number of Investment Advisors and licensed professionals in all regions • October 1st, 2025, completed acquisition of Wilsons Advisory adding scale to Australian wealth management operations Leveraging best-in-class technology to provide seamless solutions for investment advisors and clients • Critical investments in platforms such as Envestnet and Avaloq provide resilience and flexibility for long-term growth • Actively building out specialist network in key growth areas to keep pace as investors reshape their investment needs Page 13 1. Excludes significant items (Non-IFRS and non-GAAP) . Refer to non-IFRS measures in the MD&A and on page 2 of this presentation On track to create substantial value in this segment (Revenue in C$ thousands, AUA/AUM in C$ millions) F2021 F2022 F2023 F2024 F2025 H1/25 H1/26 CANADA Revenue $324,041 $335,279 $302,164 $298,036 $374,755 $177,987 $206,006 IA teams 145 146 145 145 142 144 142 AUA $32,240 $37,881 $35,694 $38,406 $42,719 $39,938 $49,390 Fee-based client assets $11,071 $13,834 $13,627 $16,986 $20,713 $18,145 $23,730 UK & CROWN DEPENDENCIES Revenue $277,329 $310,495 $343,728 $411,474 $449,768 $216,291 $255,019 Investment Professionals 202 220 252 257 297 261 292 AUM (CAD) $52,298 $52,830 $55,101 $59,084 $69,246 $62,960 $74,033 AUM (GBP) £30,207 £32,143 £33,040 £34,572 £37,249 £34,808 £39,548 Fee-based client assets £17,450 £19,479 £20,684 £21,179 £24,031 £21,561 £24,974 AUSTRALIA Revenue $62,249 $74,633 $62,412 $63,861 $80,257 $38,150 $51.281 Advisors 110 115 119 120 129 126 130 AUM $4,228 $5,352 $5,432 $6,432 $8,447 $7,519 $10,143 INVESTING WITH DISCIPLINE TO ADVANCE OUR LONG-TERM EARNINGS POTENTIAL
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HPS: A strategic and financial partner for our UK wealth management business Page 141. Note: HPS as used herein refers to investment accounts and funds managed by HPS Investment Partners, LLC. 2. The preferred shares purchased by key management and employees of CGWM UK and the Convertible preferred shares purchased by H PS are together referred to herein as Preferred Shares • HPS1 invested £125million (July 2021) and £65.3 million (May 2022) by way of convertible preferred shares • Management and employees of CGWM UK purchased £7.5 million of preferred shares alongside HPS in July 2021 2 • As a structured investment, the holders of the Preferred Shares have certain rights, including initiating a liquidation oppor tunity at any time after 5 years for the holders of the Preferred Shares (an Exit) • Investments were made at Preferred Share post-money valuations of £570 M and £800 M respectively • The Preferred Shares carry a preferred cumulative dividend at an annual rate of 7.5% • Subject to a liquidation preference and minimum returns the Preferred Shares represent a 29% as -converted equity interest in CGWM UK • With the Preferred Share equity equivalent of 29% and the employee-held diluted interest of 4%, the Company has a 67% as -converted equity-equivalent interest in CGWM UK We continue to evaluate strategic options related to our wealth management business in the UK & Crown Dependencies with a focus on maximizing shareholder value while supporting the continued growth and success of this business. If an Exit occurs at any point in the first 5 years, the holders of the Preferred Shares will receive the greater of the principal plus unpaid dividends had they been issued five years prior, an amount equal to 1.5x less any dividends paid and the amount that holders would receive on an as-converted basis CGWM UK has the option to buy back the Preferred Shares at the greater of the value that would provide an IRR of 11.5% and the equity value on an as- converted basis provided CGWM UK provides HPS with 60 days' notice thereby providing the holders with the right during that period to exercise their conversion rights HPS has the right to require CGWM UK to procure an Exit and CGWM UK shall use reasonable best efforts to procure such an event If an Exit has not been secured, then HPS has the further right to require CGWM UK to appoint and instruct professional advisors to act on behalf of CGWM UK to procure an Exit. JULY 29, 2021 JULY 29, 2026 AUGUST 29, 2026 AUGUST 29, 2027
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CG Global Capital Markets: A powerful mid-market competitor Diverse revenue streams provide stability and profitability through market cycles Page 15 $1,303.1 $792.9 $683.2 $830.7 $407.7 $452.8 2022 2023 2024 2025 H1/25 H1/26 Canada US UK Australia H1/26 REVENUE $453 M H1/26 TRANSACTIONS 194 H1/26 PROCEEDS RAISED $27 bn Total Capital Markets Revenue C$ millions, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 Revenue by Activity Fiscal years ended March 31 H1/26 and H1/25 ended September 30 38% 46% 34% 37% 36% 28% 36% 16% 22% 26% 29% 34% 12% 15% 15% 14% 13% 15% 13% 20% 24% 18% 18% 18% 1% 3% 5% 5% 4% 5% 2022 2023 2024 2025 H1/25 H1/26 Advisory Investment Banking Principal Trading Commissions & Fees Interest & Other 1. As Advisory activity has become a more meaningful component of revenue for the Australian capital markets business, the Compa ny began reporting this segment separately beginning in Q1/26 the 2025 total has been restated to include amounts previously reported under Investment Banking 1
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CG Global Capital Markets Investments to increase M&A advisory contributions reduce reliance on underwriting activity • 28% of H1 2026 capital markets revenue was contributed by Advisory segment • Business collaboration agreement with CRC-IB enhances our impact in the energy transition segment Enhanced cross-border capabilities • Global capabilities a significant competitive advantage in our key focus sectors Doing more for our targeted client base • Expanded product capability for core midmarket clients • Established success in alternative financing vehicles • Aftermarket support and ancillary services ensure that clients have no reason to look elsewhere Deeper focus in our proven areas of strength • Increasing global product placement • Expanding alternative distribution avenues • Strong emphasis on cross-selling • Substantially increased scale of Advisory practice Page 16 Lean and focused platform, capable of driving value for clients in all market environments DIFFERENTIATED GLOBAL PLATFORMExcludes significant items1 F2022 F2023 F2024 F2025 H1/25 H1/26 CANADA Revenue $341,453 $148,356 $166,649 $182,966 $88,255 $97,008 Expenses as % of revenue 65.1% 108.3% 89.2% 86.1% 85.1% 82.9% Pre-tax profit margin 30.6% (18.9%) 3.3% 6.4% 6.8% 9.4% Employees 235 230 173 169 172 171 Revenue/Employee $1,453.0 $645.0 $963.3 $1,082.6 $513.1 $567.3 US Revenue $667,176 $482,750 $342,772 $426,875 $208,239 $208,617 Expenses as % of revenue 75.9% 90.4% 103.4% 97.3% 96.2% 100.7% Pre-tax profit margin 23.6% 8.9% (4.5%) 1.8% 2.9% (1.6%) Employees 378 394 391 363 371 368 Revenue/Employee $1,765.0 $1,225.3 $876.7 $1,176.0 $561.3. $566.9 AUSTRALIA Revenue $174,090 $65,472 $88,349 $99,321 $55,454 $89,379 Expenses as % of revenue 70.5% 86.5% 75.9% 82.3% 76.2% 73.1% Pre-tax profit margin 29.0% 12.0% 23.4% 16.9% 23.3% 26.6% Employees 91 86 89 99 99 98 Revenue/Employee $1,913.1 $761.3 $992.7 $1,003.2 $560.1 $912.0 UK & EUROPE Revenue $120,355 $96,275 $85,426 $121,561 $55,746 $57,838 Expenses as % of revenue 89.0% 90.2% 104.1% 92.5% 93.6% 96.0% Pre-tax profit margin 9.7% 8.2% (5.7%) 6.3% 5.3% 2.5% Employees 143 180 166 166 159 163 Revenue/Employee $841.6 $534.9 $514.6 $732.3 $350.6 $354.8 1. Excludes significant items (Non-IFRS and non-GAAP) . Refer to non-IFRS measures in the MD&A and on page 2 of this presentation
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CG Global Capital Markets Page 17 Disciplined mid-market focus, differentiated by scale, global capability, and stability Disciplined focus in key growth sectors of the global economy Integrated capabilities provide unparalleled aftermarket support and facilitate lasting client partnerships Deep regional expertise, differentiated by coordinated global capabilities Canada US UK & Europe Australia & Asia Equity Underwriting M&A Fixed Income Debt Advisory & Restructuring Sales & Trading Equity Research Technology Life Sciences Metals & Mining Industrials Energy Diversified Consumer & Retail Sustainability Financial Sponsors Real Estate Financial Sponsors Corporate Access & Conferences Quest® Electronic Trading CG’s clear value proposition promotes alignment across regions and practice areas, while ensuring that we always exceed our clients’ expectations. Specialty Trading Securities Lending
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Disciplined sector focus Page 18 Allows us to provide globally integrated services and expertise throughout market cycles 11% 14% 53% 22% 19% 67% 14% UNDERWRITINGADVISORY 3% 36% 26% 35% 2% 14% 60% 23% 41%36% 5%1% 17% 1% 71% 17% 11% 10% 35% 2% 13% 40% CANADA 21% of H1/26 Capital Markets revenue U.S 46% of H1/26 Capital Markets revenue AUSTRALIA 20% of H1/26 Capital Markets revenue UK & EUROPE 13% of H1/26 Capital Markets revenue Life Sciences Metals & Mining Consumer Technology Other 55% 12% 8% 4% 21% COMBINED ADVISORY & UNDERWRITING REVENUE BY SECTOR ALL GEOGRAPHIES – H1 2026 Underwriting 34% of H1/26 Capital Markets revenue Advisory 28% of H1/26 Capital Markets revenueTechnology, 33% Metals & Mining, 32% Consumer & Retail, 6% Life Sciences, 8% Other, 21% ALL GEOGRAPHIES 1%2% 75% 22% 3% 54% 43%
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Global Investment Banking $61.0 $17.5 $17.1 $36.7 $17.2 $27.4 2022 2023 2024 2025 H1/25 H1/26 Total Proceeds Raised C$ billions, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 Page 19 Unparalleled origination and placement capability $463.1 $126.6 $149.6 $213.8 $116.6 $153.0 2022 2023 2024 2025 H1/25 H1/26 Investment Banking revenue C$ millions, C$, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 • Metals and mining remains most active sector, but diversification is improving as equity and IPO issuance picks up in Australia and North America • Q2 investment banking revenue increased 75.8% y/y to $90.6M • Australia revenue of $50.5 M increased 192.9% y/y • Canada revenue of $17.2M increased 19.5% y/y • US revenue of $18.4M increased 52.4% y/y • H1/26 Investment Banking revenue increased 31.3% y/y to $153M • Australia H1revenue of $68M up 50.5% y/y • Canada H1 revenue increased by 15.8% y/y to $43M • US H1 revenue increased by 48.5% y/y to $37M • CG is a top-5 global midmarket underwriter1; Ranked amongst the league table leaders in each of our geographies 37% 32% 27% 32% 32% 29% 24% 19% 22% 26% 21% 24% 6% 9% 4% 6% 8% 3% 33% 40% 47% 36% 39% 44% 2022 2023 2024 2025 H1/25 H1/26 Global investment banking revenue by geography C$ millions, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 Canada US UK & Europe Australia Life Sciences 11% Technology 14% Metals & Mining 53% Other 22% H1/26 Global Investment Banking Revenue by Sector 1. Source: Dealogic July 1, 2025- September 30, 2025, by transaction volume (IPO, FO, CONV)
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Global Advisory Page 20 Increased advisory contributions support margin strength in global capital markets $488.6 $362.5 $229.8 $306.5 $145.4 $128.3 2022 2023 2024 2025 H1/25 H1/26 Advisory revenue C$ millions, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 21% 14% 24% 18% 14% 20% 65% 69% 57% 61% 70% 53% 14% 17% 19% 21% 16% 22% 5% 2022 2023 2024 2025 H1/25 H1/26 Global advisory revenue by geography C$ millions, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 Canada US UK & Europe Australia Life Sciences 4% Technology 55% Metals & Mining 8% Consumer 12% Other 21% H1/26 Advisory Revenue by Sector • Despite a strong pipeline, trade-related uncertainties contributed to a decline in completion activity beginning in Q1/26, primarily impacting our US business. • Q2 Advisory revenue increased 1.4% y/y to $79.4M • Australia revenue of $1.4M1 • Canada revenue of $9.4M increased 2.8% y/y • UK revenue of $22.3M increased 72.6% y/y • US revenue of $46.2M decreased 17.8% y/y • H1/26 Advisory revenue decreased 11.7% y/y to $128.3M • Australia H1revenue of $6.9M • Canada H1 revenue increased by 21.3% y/y to $24.8M • UK H1 revenue increased 21.0% to $28.7M • US H1 revenue decreased 32.7% to $67.9M 1. As Advisory activity has become a more meaningful component of revenue for the Australian capital markets business, the Compa ny began reporting this segment separately beginning in Q1/26. The 2025 total has been restated to include amounts previously reported under Investment Banking, which amounted to les than 1% of total advisory rev enue. 1
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Global Distribution and Trading Page 211. Includes equities, fixed income and options Leading independent franchise for best-in-class execution capabilities • Q2 commissions & fees revenue improved by 22.2% to y/y to $$42.3M on higher client activity levels in Australia, US and Canada • YTD commissions and fees revenue improved by 14.8% to $83.3M • Q2 principal trading revenue increase by 11.5% y/y to $30.7M due to higher trading volumes • YTD principal trading revenue increased 30.8% y/y to $68 M primarily due to increased volatility in Q1 • 88% of YTD revenue contributed by US business • Completed previously announced sale of U.S. wholesale market-making business on November 7, 2025 • Sharpens US capital markets focus on core Advisory and ECM-driven capital markets capabilities • Business operated adjacent to equity-based institutional sales and trading, but remained outside of strategic core $174.8 $156.2 $161.5 $152.4 $72.6 $83.3 2022 2023 2024 2025 H1/25 H1/26 Commissions & Fees revenue C$ millions, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 Canada US UK & Europe Australia $158.2 $116.9 $105.1 $118.9 $52.4 $68.5 2022 2023 2024 2025 H1/25 H1/26 Trading revenue1 C$ millions, Fiscal years ended March 31 H1/26 and H1/25 ended September 30 Canada US UK & Europe
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CG Principles of Corporate Social Responsibility and Sustainability Page 22 ESG approaches to supporting the well-being of our employees, clients and communities Respect People and Communities Respect our Planet As we endeavour to sustainably increase the value of our business, CG employees and partners incorporate our principles of corporate social responsibility and sustainability into every aspect of our business activities We are committed to conducting our business in accordance with all applicable laws, rules and regulations and the highest ethical standards. We maintain safe working environments and maintain policies to ensure the protection of human rights in our business and supply chains. Our firmwide risk management framework is critical to maintaining our company’s ongoing financial stability and business continuity. Operate with Integrity We think locally and globally, understanding the impact that our actions and behaviours may have on the success and wellbeing of our colleagues, clients, and partners in all the regions where we operate. We take care to respect the culture and customs in the regions where we operate and where we travel. We are compliant with all applicable laws governing equal employment and anti-discrimination. Our firmwide Diversity Policy is centred on valuing the rich diversity among our employees and all those with whom we do business. We empower our businesses and individuals to direct their charitable and volunteer efforts towards the causes and initiatives that will have a meaningful impact in their respective communities. In our efforts to create enduring value, we take care to reduce the impact of our day-to-day business activities on the environment. Canaccord Genuity has also had a long-standing commitment to supporting companies and investors that are committed to positively impacting the planet. We are committed to supporting the continued growth of capital markets and wealth management segments which focus on helping companies and investors advance their sustainability objectives and contribute to a better world.
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CG in the Community Page 23
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(TSX:CF): An Excellent Investment Proposition Driven to create enduring value for our employees, clients and shareholders Page 24 Management and employees are in complete alignment with shareholders Strong balance sheet supports our capacity to invest in future growth Increasing contributions from higher margin capital markets advisory franchise Growing wealth management businesses provide stable and predictable earnings contributions
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Analyst coverage Page 25 Cormark Securities Jeff Fenwick TD Securities Inc. Graham Ryding Canaccord Genuity Group Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding the Company’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of the Company or its management. Canaccord Genuity Group Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. Ventum Capital Markets Rob Goff Raymond James Stephen Boland
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Financial highlights Three and six months ended September 30, 2025 Page 26
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Consolidated financial performance: Three and six months ended September 30, 2025 Page 27 Underlying business performance reflects improved activity levels in our core focus sectors and disciplined expense management C$ millions, except EPS and ratios Q2/26 Q1/26 Q2/25 Q/Q Y/Y H1/26 H1/25 Y/Y Adjusted Revenue $530.4 $448.4 $427.6 18.3% 24.0% $978.9 $856.6 14.3% Total expenses $470.6 $415.1 $385.3 13.4% 22.1% $885.7 $779.5 13.6% Pre-tax net income $59.8 $33.4 $42.3 79.1% 41.4% $93.2 $77.1 20.8% Net income attributable to common shareholders $29.0 $13.5 $20.2 114.9% 43.8% $42.7 $33.5 27.2% Diluted earnings per share $0.27 $0.13 $0.20 107.7% 35.0% $0.41 $0.33 24.2% Operating margin 11.3% 7.4% 9.9% 3.9 p.p. 1.4 p.p. 9.5% 9.0% 0.5 p.p. Compensation ratio 60.8% 60.0% 58.6% 0.8 p.p. 2.2 p.p. 60.4% 58.9% 1.5 p.p. Non-compensation expenses as a % of revenue 27.9% 32.6% 31.5% (4.7) p.p. (3.6) p.p. 30.1% 32.1% (2.0) p.p. Reported (IFRS) Revenue $535.8 $448.4 $428.6 19.5% 25.0% $984.2 $856.8 14.9% Total expenses $694.3 $460.4 $411.7 50.8% 68.6% $1,154.7 $816.4 41.4% Pre-tax net income (loss) ($158.5) ($11.9) $16.9 n.m. n.m. ($170.5) $40.4 n.m. Net loss attributable to common shareholders ($203.6) ($30.9) ($4.8) n.m. n.m. ($234.5) ($2.4) n.m. Diluted Loss Per Share ($2.04) ($0.32) ($0.05) n.m. n.m. ($2.38) ($0.02) n.m. Operating margin (29.6%) (2.7%) 3.9% (26.9) p.p. (33.5) p.p. (17.3%) 4.7% (22.0) p.p. Compensation ratio 60.2% 60.0% 58.5% 0.2 p.p. 1.7 p.p. 60.1% 58.9% 1.2 p.p. Non-compensation expenses as a % of revenue 69.4% 42.7% 37.6% 26.7 p.p. 31.8 p.p. 57.2% 36.4% 20.8 p.p. • Firmwide compensation ratio remained within target levels • Excluding significant items1, firmwide non-compensation expenses as a percentage of revenue declined by 3.6 percentage points year-over-year to 27.9%, despite increased revenue. • Q2/26 IFRS net loss of $186.8M reflects impact of increased provision in connection with previously disclosed regulatory matters 2 and a $110M non- cash goodwill impairment3 in the U.S. capital markets business 1. Excludes significant items (Non-IFRS and non-GAAP) . Refer to non-IFRS measures in the MD&A and on page 2 of this presentation 2. Refer to press release dated November 13, 2025 : Canaccord Genuity Group Inc. announces increased provision related to previously disclosed U.S. regulatory enforcement matters 3. Goodwill is a non-cash accounting adjustment and does not result in any current or future cash outlay. This adjustment has no i mpact on on the ongoing operations, or our capacity to continue to invest in our U.S. business.
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C$ thousands (except per share data) 1 Q2/26 Q1/26 Q/Q Change Q2/25 Y/Y Change H1/26 H1/25 Y/Y Change Revenue $530,420 $448,447 18.3% $427,619 24.0% $978,867 $856,580 14.3% Pre-tax net income $59,789 $33,384 79.1% $42,286 41.4% $93,173 $77,103 20.8% Preferred dividend -$2,852 -$2,852 0.0% -$2,852 0.0% -$5,704 -$5,704 0.0% Net income available to common shareholders $29,022 $13,505 114.9% $20,185 43.8% $42,674 $33,548 27.2% Earnings per diluted common share $0.27 $0.13 107.7% $0.20 35.0% $0.41 $0.33 24.2% Compensation ratio 60.8% 60.0% 0.8 p.p. 58.6% 2.2 p.p. 60.4% 58.9% 1.5 p.p. Non-compensation ratio 27.9% 32.6% (4.7)p.p. 31.5% (3.6)p.p. 30.1% 32.1% (2.0)p.p. Pre-tax profit margin 11.3% 7.4% 3.9 p.p. 9.9% 1.4 p.p. 9.5% 9.0% 0.5 p.p. Effective tax rate 24.9% 21.9% 3.0 p.p. 24.8% 0.1 p.p. 23.7% 25.8% (2.1)p.p. Consolidated results: Three and six months ended September 30, 2025 1. Excludes significant items (Non-IFRS and non-GAAP). Refer to non-IFRS measures in the MD&A and on page 2 of this presentation Improved business mix contributes to earnings stability through market cycles Page 28 • Firmwide compensation ratio remained within target levels • Capital Markets Advisory segment has contributed an average of 38% of annual capital markets revenue since F2022. • Wealth Management businesses provides stable and growing recurring revenues, contributing to resiliency during periods of market uncertainty
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C$ thousands (except percentages and client assets 2) Q2/26 Q1/26 Q/Q Change Q2/25 Y/Y Change H1/26 H1/25 Y/Y Change Revenue - Canada $111,913 $94,093 18.9% $87,965 27.2% $206,006 $177,987 15.7% Revenue - UK & Crown Dependencies $129,304 $125,715 2.9% $108,821 18.8% $255,019 $216,291 17.9% Revenue - Australia $28,200 $23,081 22.2% $19,719 43.0% $51,281 $38,150 34.4% Total $269,417 $242,889 10.9% $216,505 24.4% $512,306 $432,428 18.5% Pre-tax net income 1 - Canada $18,478 $9,197 100.9% $12,034 53.5% $27,675 $21,291 30.0% Pre-tax net income 1 - UK & Crown Dependencies $30,440 $29,715 2.4% $25,216 20.7% $60,155 $47,983 25.4% Pre-tax net income 1 - Australia $3,161 $1,899 66.5% $927 241.0% $5,060 $2,176 132.5% Total $52,079 $40,811 27.6% $38,177 36.4% $92,890 $71,450 30.0% Client Assets - Canada $49,390 $44,807 10.2% $39,938 23.7% $49,390 $39,938 23.7% Client Assets - UK & Europe $74,033 $71,567 3.4% $62,960 17.6% $74,033 $62,960 17.6% Client Assets - Australia $10,143 $8,912 13.8% $7,519 34.9% $10,143 $7,519 34.9% Total $133,566 $125,286 6.6% $110,417 21.0% $133,566 $110,417 21.0% Global Wealth Management 1. Excludes significant items (Non-IFRS and non-GAAP). Refer to non-IFRS measures in the MD&A and on page 2 of this presentation 2. Client Assets in C$ millions Three and six months ended September 30, 2025 Page 29 $195.0 $200.1 $215.9 $216.5 $233.4 $238.9 $242.9 $269.4 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Wealth Management revenue by region1 C$ millions, fiscal quarters Canada UK & Europe Australia $37.8 $34.0 $33.3 $38.2 $36.3 $41.3 $40.8 $52.1 19.4% 17.0% 15.4% 17.6% 15.5% 17.3% 16.8% 19.3% Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Pre-tax net income1 (C$ millions) and profit margin1 Fiscal quarters Pre-tax net income (C$ millions) Pre-tax profit margin
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(C$ thousands except percentages) Q2/26 Q1/26 Q/Q Change Q2/25 Y/Y Change H1/26 H1/25 Y/Y Change Commissions & Fees $42,278 $41,048 3.0% $34,600 22.2% $83,326 $72,587 14.8% Investment banking $90,593 $62,410 45.2% $51,520 75.8% $153,003 $116,570 31.3% Advisory $79,431 $48,900 62.4% $78,367 1.4% $128,331 $145,404 (11.7%) Trading $30,734 $37,761 (18.6%) $27,576 11.5% $68,495 $52,373 30.8% Interest $6,886 $5,944 15.8% $7,831 (12.1%) $12,830 $15,667 (18.1%) Other $2,776 $4,081 (32.0%) $2,176 27.6% $6,857 $5,093 34.6% Total $252,698 $200,144 26.3% $202,070 25.1% $452,842 $407,694 11.1% Compensation ratio 62.2% 61.0% 1.2 p.p. 60.0% 2.3 p.p. 61.7% 60.2% 1.5 p.p. Non-comp ratio1 25.7% 33.5% (7.8) p.p. 30.4% (4.7) p.p. 29.2% 30.5% (1.4) p.p. Pre-tax profit margin 1 10.1% 2.8% 7.3 p.p. 7.4% 2.7 p.p. 6.9% 6.9% 0.0 p.p. Global Capital Markets 1. Excludes significant items (Non-IFRS and non-GAAP). Refer to non-IFRS measures in the MD&A and on page 2 of this presentation Three and six months ended September 30, 2025 Page 30 $189.8 $202.9 $205.6 $202.1 $210.7 $212.3 $200.1 $252.7 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Capital Markets Revenue by region C$ millions, fiscal quarters Canada US UK & Europe Australia
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C$ millions (except for per share amounts and number of shares) Q2 2026 (As at September 30, 2025) Q1 2026 (As at June 30, 2025) % Change Working Capital (1) $809.9 $834.3 (2.9%) Shareholders' Equity $690.9 $889.0 (22.3%) Preferred Shares $205.6 $205.6 0.0% Common Shares - Issued & Outstanding 102,529,368 102,529,368 0.0% Solid Capital Position Well capitalized for continued investment in our strategic priorities Page 31 Strong, liquid balance sheet protects our ability to compete efficiently Able to support increased business activities and invest in opportunities to capture additional market share Supports regulatory capital requirements across regions and through all market cycles 1. The Company’s business requires capital for operating and regulatory purposes. The Company’s working capital, including cash and cash equivalents, is fully deployed by the Company in its operations to support regulatory capital levels as required and counter-party requirements, including cash deposit requirements, and as needed to maintain current levels of activity, growt h initiatives and capital plans.