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Canaccord Genuity Group Inc. Investor Presentation August 2026 cg / Canaccord Genuity
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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 related MD&A and its annual report and Annual Information Form (AIF) filed on www.sedarplus.ca as well as the factors discussed in the sections entitled “Risks” in the Company’s interim MD&A, ‘‘Risk Management’’ in the Company’s annual 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 2027 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 related MD&A 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 August 6, 2026 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 CAMBRIDGE LANCASHIRE ALBANY HAINAN CALGARY OTTAWA DUBLIN LLANDUDNO BRISBANE HONG KONG EDMONTON SAN FRANCISCO EDINBURGH LONDON BUSSELTON KELOWNA TORONTO GLASGOW NEWCASTLE CANBERRA MINNEAPOLIS VANCOUVER GUERNSEY NORWICH GOLD COAST MONTREAL WATERLOO GUILDFORD SOUTHAMPTON HERVEY BAY NASHVILLE WINNIPEG ISLE OF MAN WORCESTER MELBOURNE PERTH PORT MACQUARIE SUNSHINE COAST SYDNEY TOOWOOMBA 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 Q1 fiscal 2027, ended June 30, 2026 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. $160 bn CLIENT ASSETS $12 bn PROCEEDS RAISED 3,121 EMPLOYEES 48 LOCATIONS 91 INVESTMENT BANKING TRANSACTIONS Leading mid-market provider of investment banking, advisory, equity research, and sales & trading services for corporations and institutions. 4 CONTINENTS $577 M Q1 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 Q1 fiscal 2027: Three months ended June 30, 2026 Page 4 Revenue1 Pre-tax profit margin1 Pre-tax Net Income1,2 Diluted EPS1 Q1 Fiscal 2027 3 months ended June 30 Fiscal 2026 ended March 31 Fiscal 2025 ended March 31 $577.4 M +28.8% y/y $2.2 bn +24.9% y/y $1.8 bn $262.8 M +76.2% y/y $76.1 M +128.1% y/y $149.1 M $0.36 +176.9% y/y $1.26 +106.6% y/y $0.61 13.2% +5.7 p.p. y/y 11.9% +3.5 p.p. y/y 8.4% Earnings growth outpaced revenue growth on a year-over- year basis, reflecting a more favourable business mix and continued cost discipline alongside increased scale in wealth management.
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Defensive revenue mix provides downside protection Page 5 Increased contributions from Wealth Management and Advisory have created a more balanced earnings profile while preserving cyclical upside from underwriting activity in our core focus sectors $664 $720 $708 $773 $905 $1,123 $1,186 $193 $489 $363 $230 $306 $312 $372$1,136 $832 $452 $477 $557 $772 $779 $1,993 $2,041 $1,523 $1,480 $1,768 $2,208 $2,337 2021 2022 2023 2024 2025 2026 LTM Wealth Management Advisory (CM) Other CAGR (Wealth Management) CAGR (Capital Market Advisory) 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; Completed acquisition of CRC-IB in Q4/26 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 <$500M in the Technology, Media, & Telecommunications segment as classified by PitchBook . FY27-Q1 transactions from 04/01/2026 to 6/30/2026. A top-10 wealth manager by client assets in the UK; strong recruiting momentum and client asset growth in Canada and Australia Top-ranked for U.S. mid-market TMT Advisory2 1 10% Advisory 11% Wealth 5-YEAR CAGR
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Investments targeted towards key markets Page 6 Disciplined focus on growing contributions from global wealth management and capital markets advisory Steadily increasing revenue contributions from wealth management C$ millions, fiscal years ended March 31 LTM Q1/27 ended June 30 $247 $267 $370 $462 $511 $664 $720 $708 $773 $905 $1,123 $1,186 31% 30% 36% 39% 42% 33% 35% 46% 52% 51% 51% 51% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 LTM % of firm-wide revenue Linear (% of firm-wide revenue) $160 $130 $122 $141 $206 $193 $489 $363 $230 $306 $312 $372 30% 22% 19% 20% 30% 15% 37% 46% 34% 37% 30% 34% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 LTM Advisory % of Capital Markets revenue Targeted investments to increase capital markets M&A revenue contributions C$ millions, fiscal years ended March 31 LTM Q1/27 ended June 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 LTM advisory revenue increased 29% year-over-year with contributions becoming more broadly distributed across core focus sectors and geographies 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. Acquisition of CRC-IB was completed on January 14, 2026. Contributions from this business have been reflected beginning in Q4/26 . 1 FY2026 acquisition of CRC-IB2 contributing to increase in Sustainability-linked activity.
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Focused on improving expense management to create capacity for investments in growth Page 71. 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. Sale of U.S. wholesale market making business was completed on November 7, 2025 Larger WM scale and disciplined firm-wide cost management supported YoY pre-tax profit margin increase to 13.2% (from 7.4%) C$ millions Firmwide non-compensation expenses1 decreased by $3.7M YoY Fixed Expenses = $4.9 M Discretionary Expenses = $5.3 M Revenue/Investment Driven = ($13.9) M $146.1 $0.2 $2.4 $2.3 ($0.9) $1.6 ($1.4) $3.2 $2.8 ($7.0) $1.7 ($8.6) $142.4 Q1 2026 Debt Interest Expense Premises, Equipment & Amortization FX Client Expenses Communication & Technology Professional Fees Promo & Travel Other Expenses Client Interest and Dividends Development Costs Trading Costs Q1 2027 Increase primarily reflected higher occupancy and lease- related costs following the Wilsons acquisition and the opening of our new Sydney office. Mainly due to lower professional fees in the US Investments to advance our core capabilities and grow wealth management, Decrease due to lower dividend expense following sale of US wholesale market making business as well as reduced client interest due to lower interest rates Lower trading costs due to sale of U.S. wholesale market making business2 Mainly due to higher cost base in Australia following Wilsons acquisition in Q3/26 Higher client reserves in CGWM Canada and increased office expense in the US following CRC acquisition Decrease due to lower legal reserve in Canada Higher conference and client engagement expenses associated with stronger business activity
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Increasing employee ownership supports our partnership culture Page 81. In connection with the new subscriptions, the Employee Partnership purchased the principal amount of $12.0 million of the Com pany’s outstanding convertible debentures from a third party. Refer to Q1/27 MD&A for further detail. 2. During the fourth quarter of fiscal 2026, the Company’s holding company for its Australian operations completed a rights offe ring of its ordinary shares, resulting in a reduction Company’s beneficial ownership interest in the Australian operations. Refer fiscal 2026 MD&A for further detail. 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% • Completed a new round of subscriptions to LP units to new and existing employees in Q1/27. Position increased to 14.3%, or 15.3% 1 on an as-converted basis. • 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 • Approximately 43% of outstanding shares held by senior officers, employee LTIP, and the employee- owned limited partnership • Additionally, 47.6% of CG’s Australian business is employee-owned 2 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 Positive markets and new asset inflows increased client assets and related fee revenue across all geographies, while greater retail participation in new issues supported increased investment banking revenue in Canada and Australia $90.7 $97.3 $105.8 $125.3 $160.2 2023 2024 2025 2026 2027 Q1/27 CLIENT ASSETS $160 bn +27.9% YoY Q1/27 REVENUE $305 M +25.6% YoY Q1/27 PRE-TAX NET INCOME1 $57 M +39.9% YoY Q1/27 PRE-TAX PROFIT MARGIN1,2 19% +1.9 p.p. YoY Total Client Assets - C$ billions, Fiscal years by quarters ended March 31 Q1/27 ended June 30 Total Wealth Management Revenue C$ millions, Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 Pre-tax net income (C$ millions) and profit margin1 Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 $125.7 $140.5 $149.0 $195.2 $40.8 $57.1 17.8% 18.2% 16.5% 17.4% 16.8% 18.7% 2023 2024 2025 2026 Q1/26 Q1/27 UK & Europe Canada Australia Pre-tax profit margin $708 $773 $905 $1,123 $243 $305 2023 2024 2025 2026 Q1/26 Q1/27 UK & Europe Canada Australia CAGR 15% 4-year CAGR 11% 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. In addition, client assets totaling $24.1 billion (AUD $24.5 billion) are also held on record in less active and transactiona l accounts through our Australian platform. 5. Acquisition of Wilsons Advisory was completed on October 1, 2025 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 $121.2 M ↑28.9% y/y $20.8 M ↑126.2% y/y 17.2% ↑7.4 p.p. y/y $27.4 M ↑76.7% y/y $59.5 bn ↑32.9% y/y $28.4 bn ↑30.6% y/y • Advisor recruitment • Growth in fee-based assets • IA practice development and teaming • Leverage technology platform to accelerate lead generation and new asset growth • Invest in increasing brand awareness • Increased investment banking activity contributed to revenue and earnings growth in Q1/27 UK & Crown Dependencies A top-10 wealth manager in the region by assets $130.6 M ↑3.9% y/y $29.2 M ↓1.8% y/y 22.3% ↓1.3p.p. y/y £23.0 M ↑9.2% y/y(4) C$81.7bn ↑14.1% y/y £43.4bn ↑13.3% y/y £27.0 bn ↑11.0% y/y • Targeted recruitment • Prioritize organic growth • Enhance cross-selling and business development capabilities • Expand financial planning • Expansion of Wealth Planning business • Technology investment Australia Transformative acquisition 5 and recruiting momentum supporting increased market share $53.2 M ↑130.6% y/y $7.1 M ↑275.4% y/y 13.4% ↑5.2 p.p. y/y C$19.0 bn(5) ↑113.1% y/y A$19.3 bn(5) ↑94.2% y/y n.m. • Acquisition of Wilsons Advisory • Advisor recruitment • Grow fee-based assets • Advisor development/teaming • Systems and technology uplift • Invest in increasing brand awareness • Increased investment banking activity contributed to revenue and earnings growth in Q1/27 Q1/27 ended June 30, 2026 As at June 30, 2026
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Canada Wealth Management: Client assets increased 33% year-over-year Page 111. Net new assets include dividends and interests. Market gains, positive inflows and increased retail participation in new issues supported YoY AUA growth to new record $44,807 $55,715 $59,548 June 2025 March 2026 Organic inflows Recruited Market June 2026 AUA Movement C$ millions, fiscal years ended March 31 Q1/27 ended June 30 +1.0% +0.5% +5.4% Net inflows = 1.5% of Q1/27 opening AUA with inflows growing at 5.9% on an annualized basis +10.7% 43% 44% 44% 51% 55% 51% 53% $32,240 $37,881 $35,694 $38,406 $42,719 $55,715 $59,548 2021 2022 2023 2024 2025 2026 Q1/27 Fee-generating assets Other client assets CAGR (fee-generating assets) CAGR (total assets) Steadily increasing proportion of fee -generating assets C$ millions, fiscal years ended March 31 Q1/27 ended June 30 16% 5-year CAGR 12% 5-year CAGR
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UK Wealth Management: Client assets increased 14% year-over-year to new record Page 12 1. Expected attrition from acquisitions 2. CG Asset Management (CGAM) with AuMA of £1,837M was not included in the Q1/2027 AUM Movement. Growth driven by market appreciation and positive organic inflows AUM Movement £ millions, fiscal years ended March 31 Q1/27 ended June 30 58% 61% 63% 61% 65% 62% 61% $52,298 $52,830 $55,101 $59,084 $69,246 $74,110 $81,689 2021 2022 2023 2024 2025 2026 Q1/27 Fee-based assets Other client assets CAGR (fee-based assets) CAGR (total assets) 7% 5-year CAGR 9% 5-year CAGR Fee-Based Assets C$ millions, fiscal years ended March 31 Q1/27 ended June 30 £38,304 £38,515 £41,561 £1,837 £43,399 June 2025 March 2026 Net Organic Flows Exceptional Market and Other CG Wealth Management CG Asset Management June 2026 +0.8% +7.2% (0.04)% Net inflows represented 0.8% of opening AUA with discretionary asset inflows growing at 4.3% on an annualized basis 2 1 £43,399 £40,279 £37,249 £34,572 £33,040£32,143£30,207
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Australia wealth management: Client assets increased 113% year-over-year Page 131. Acquisition of Wilsons Advisory was completed on October 1, 2025, adding approximately $7.0bn of managed assets. 2. In addition, client assets(1) totalling $24.1 billion (AUD 24.5 billion) are also held on record in less active and transactional accounts through our Australian platform. Growth reflects Wilsons acquisition, robust client activity and net new assets from recruited advisors $4.2 $5.4 $5.4 $6.4 $8.4 $18.0 $19.0 A$4.4 A$5.7 $6.0 A$7.3 A$9.4 A$18.8 A$19.3 2021 2022 2023 2024 2025 2026 Q1/27 $8,912 $18,759 $19,334 June 2025 March 2026 Recruited AUM Net new assets Market movement Third Party Platform Net Movement June 2026 AUM Movement A$ millions, fiscal years ended March 31 Q1/27 ended June 30 Expected attrition contributed to modest outflows in the quarter. +0.7% (1.1)% +1.8% +1.6% Australia Client Assets1,2 C$/A$ billions, fiscal years ended March 31 Q1/27 ended June 30 1
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CG Global Wealth Management: Strengthening client assets and revenue contributions Pursuing organic and inorganic growth initiatives in all regions • October 1st, 2025: Completed acquisition of Wilsons Advisory, adding scale to Australian wealth management operations and establishing a truly national footprint • Following necessary approvals, UK successfully transitioned to a restricted financial planning business in April 2026 • February 24, 2025: Completed acquisition of Brooks Macdonald International Ltd. • October 1st, 2024: Completed acquisition of Cantab Asset Management, a chartered financial planning business in Cambridge, UK • April 8, 2024: Completed acquisition of Intelligent Capital on Increased Scottish footprint and Financial Planning capacity. • Strengthening advisor capacity and productivity through targeted recruiting and team development across all regions • 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 14 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 Creating substantial value in this segment (Revenue in C$ thousands, AUA/AUM in C$ millions) F2021 F2022 F2023 F2024 F2025 F2026 Q1/26 Q1/27 CANADA Revenue $324,041 $335,279 $302,164 $298,036 $374,755 $460,378 $94,093 $121,248 IA teams 145 146 145 145 142 144 143 139 AUA $32,240 $37,881 $35,694 $38,406 $42,719 $55,715 $44,807 $59,548 Fee-based client assets $11,071 $13,834 $13,627 $16,986 $20,713 $25,467 $21,775 $28,428 UK & CROWN DEPENDENCIES Revenue $277,329 $310,495 $343,728 $411,474 $449,768 $512,829 $125,715 $130,642 Investment Professionals 202 220 252 257 297 286 299 298 AUM (CAD) $52,298 $52,830 $55,101 $59,084 $69,246 $74,110 $71,567 $81,689 AUM (GBP) £30,207 £32,143 £33,040 £34,572 £37,249 £40,279 £38,304 £43,399 Fee-based client assets £17,450 £19,479 £20,684 £21,179 £24,031 £24,899 £24,349 £27,022 AUSTRALIA Revenue $62,249 $74,633 $62,412 $63,861 $80,257 $150,144 $23,081 $53,227 Advisors 110 115 119 120 129 198 127 201 AUM $4,228 $5,352 $5,432 $6,432 $8,447 $18,007 $8,912 $18,990 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 151. 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 £125 million (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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Q1/27 REVENUE $261 M +30.2% YoY Q1/27 PROCEEDS RAISED $12 bn Pre-tax net income (C$ millions) and profit margin1 Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 CG Global Capital Markets: A powerful mid-market competitor Q1/27 year-over-year revenue growth was driven primarily by a 123% increase in advisory activity and a 40% increase in corporate financing activity revenue. Page 16 $792.9 $683.2 $830.7 $1,045.3 $200.1 $260.5 2023 2024 2025 2026 Q1/26 Q1/27 Canada US UK Australia 46% 34% 37% 30% 24% 42% 16% 22% 26% 39% 31% 34% 15% 15% 14% 9% 19% 2% 20% 24% 18% 18% 21% 19% 3% 5% 5% 4% 5% 3% 2023 2024 2025 2026 Q1/26 Q1/27 Advisory Investment Banking Principal Trading Commissions & Fees Interest & Other 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. 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 3 $30.8 $6.0 $43.8 $140.9 $5.5 $37.1 3.9% 0.9% 5.3% 13.5% 2.8% 14.3% 2023 2024 2025 2026 Q1/26 Q1/27 Pre-tax profit margin Revenue by Activity1 Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 Total Capital Markets Revenue1 Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 Q1/27 PRE-TAX NET INCOME1 $37 M Q1/27 PRE-TAX PROFIT MARGIN1,2 14% +11.5 p.p. YoY
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CG Global Capital Markets Investments to increase M&A advisory contributions reduce reliance on underwriting activity • Acquisition of CRC-IB2 enhances our impact in the rapidly growing energy transition segment • Sale of US wholesale market-marking business3 sharpens focus on our integrated M&A and investment banking capital markets capabilities while reducing fixed cost base and risk profile US capital markets operations. 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 17 Lean and focused platform, capable of driving value for clients in all market environments DIFFERENTIATED GLOBAL PLATFORM Excludes significant items1 F2023 F2024 F2025 F2026 Q1/26 Q1/27 CANADA Revenue $148,356 $166,649 $182,966 $274,666 $55,828 $70,126 Expenses as % of revenue 108.3% 89.2% 86.1% 71.1% 81.1% 71.3% Pre-tax profit margin (18.9%) 3.3% 6.4% 23.4% 11.7% 22.5% Employees 230 173 169 173 163 165 Revenue/Employee $645.0 $963.3 $1,082.6 $1,587.7 $342.5 $425.0 US Revenue $482,750 $342,772 $426,875 $416,251 $95,680 $103,939 Expenses as % of revenue 90.4% 103.4% 97.3% 97.5% 102.5% 90.4% Pre-tax profit margin 8.9% (4.5%) 1.8% 1.6% (3.5)% 8.7% Employees 394 391 363 387 353 375 Revenue/Employee $1,225.3 $876.7 $1,176.0 $1,075.6 $271.0 $227.2 AUSTRALIA Revenue $65,472 $88,349 $99,321 $223,249 $29,226 $56,953 Expenses as % of revenue 86.5% 75.9% 82.3% 72.5% 82.8% 78.7% Pre-tax profit margin 12.0% 23.4% 16.9% 27.3% 16.7% 21.0% Employees 86 89 99 117 96 113 Revenue/Employee $761.3 $992.7 $1,003.2 $1,908.1 $304.4 $504.0 UK & EUROPE Revenue $96,275 $85,426 $121,561 $131,117 $19,410 $29,941 Expenses as % of revenue 90.2% 104.1% 92.5% 92.0% 111.3% 98.0% Pre-tax profit margin 8.2% (5.7%) 6.3% 7.0% (13.2)% 1.0% Employees 180 166 166 175 165 176 Revenue/Employee $534.9 $514.6 $732.3 $749.2 $117.6 $170.1 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. Acquisition of CRC-IB was completed on January 14, 2026. Contributions from this business have been reflected beginning in Q4/26 . 3. Completed previously announced sale of U.S. wholesale market -making business on November 7, 2025
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CG Global Capital Markets Page 18 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& Structured Products 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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Metals & Mining 32% Technology 21% Consumer & Retail 12% Life Sciences 7% Sustainability & Structured Products 13% Other 15% Disciplined sector focus Page 19Note: Sustainability revenue represents revenue directly classified in this sector. Sustainability -related mandates may also be captured across across other core sectors; accordingly, the percentage shown reflects a subset of broader Sustainability related activity. Allows us to provide globally integrated services and expertise throughout market cycles 14% 7% 50% 15% 2% 12% 84% 16% UNDERWRITINGADVISORY 2%8%26% 64% 3% 2% 70% 3% 22% 26% 16%3% 51% 4% 42% 35% 22% 1% 13% 67% 3% 4% 1% 12% CANADA 27% of Q1/27 Capital Markets revenue U.S. 40% of Q1/27 Capital Markets revenue AUSTRALIA 22% of Q1/27 Capital Markets revenue UK & EUROPE 11% of Q1/27 Capital Markets revenue Life Sciences Metals & Mining Consumer Technology Other 32%19% 19% 3% 12% 15% COMBINED ADVISORY & UNDERWRITING REVENUE BY SECTOR ALL GEOGRAPHIES – Q1 2027 Underwriting 33% of Q1/27 Capital Markets revenue Advisory 42% of Q1/27 Capital Markets revenue ALL GEOGRAPHIES 16% 4% 72% 8% 3% 1% 87% 9% Sustainability & Structured Products
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Global Investment Banking $17.5 $17.1 $36.7 $63.2 $16.9 $12.4 2023 2024 2025 2026 Q1/26 Q1/27 Total Proceeds Raised C$ billions, Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 Page 20 Unparalleled origination and placement capability $126.6 $149.6 $213.8 $412.1 $62.4 $87.2 2023 2024 2025 2026 Q1/26 Q1/27 Investment Banking revenue C$ millions, C$, Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 • Q1/27 investment banking revenue increased 39.7% y/y to $87.2M, with the largest contributions coming from Canada and Australia • Canada revenue of $32.8M increased 25.4% y/y; Mining sector comprised 70% of Q1 revenue • Australia revenue of $29.7M increased 72.4% y/y; Mining sector comprised 72% of Q1 revenue • US revenue of $24.5M increased 34.3% y/y; Sustainability contributed 51%,Life Sciences 26% and Technology 16% • Metals and mining remains most active sector for corporate financing activities with 50% of Q1/27 IB revenue • CG is a top-5 global midmarket underwriter1; Ranked amongst the league table leaders in each of our geographies 32% 27% 32% 33% 42% 38% 19% 22% 26% 18% 29% 28% 9% 4% 6% 5% 1% 0% 40% 47% 36% 44% 28% 34% 2023 2024 2025 2026 Q1/26 Q1/27 Global investment banking revenue by geography C$ millions, Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 Canada US UK & Europe Australia Life Sciences 14% Technology 7% Metals & Mining 50% Sustainability 15% Consumer 2% Other 12% Q1/27 Global Investment Banking Revenue by Sector (2) 1. Source: Dealogic April 1, 2025- March 31, 2026, by transaction volume (IPO, FO, CONV) 2. Sustainability & Structured Products represents revenue directly classified in this sector. Sustainability -related activity also forms part of work across other core sectors; accordingly, the percentage shown reflects a subset of broader sustainability - related activity.
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Global Advisory Page 21 Increased advisory contributions support margin strength in global capital markets $362.5 $229.8 $306.5 $312.0 $48.9 $108.9 2023 2024 2025 2026 Q1/26 Q1/27 Advisory revenue C$ millions, Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 14% 24% 18% 25% 32% 21% 69% 57% 61% 54% 44% 52% 17% 19% 21% 18% 13% 12% 3% 11% 15% 2023 2024 2025 2026 Q1/26 Q1/27 Global advisory revenue by geography C$ millions, Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 Canada US UK & Europe Australia Q1/27 Advisory Revenue by Sector (2) • Q1 Firmwide advisory revenue increased by 122.7% y/y. • Technology continues to be most active sector • Addition of CRC has contributed to increase in revenue attributable to the Sustainability2 sector • Q1 Advisory revenue increased by 122.7% y/y to $108.9M • US revenue of $56.8M increased 162.1% y/y, CRC contributed revenue of $12.3M in Q1 • Canada revenue of $22.4M increased 44.9% YoY • Australia revenue of $16.7M increased 205.1% y/y a new record for this business • UK revenue of $13.0M increased 105.9% y/y 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 le ss than 1% of total advisory revenue. 2. Sustainability & Structured Products represents revenue directly classified in this sector. Sustainability -related activity also forms part of work across other core sectors; accordingly, the percentage shown reflects a subset of broader sustainability -related activity. 1 Life Sciences 3% Technology 32% Metals & Mining 19% Sustainability 12% Consumer 19% Other 15% 1
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Global Distribution and Trading Page 221. Includes equities, fixed income and options 2. Completed previously announced sale of U.S. wholesale market-making business on November 7, 2025 Leading independent franchise for best-in-class execution capabilities • Q1 commissions & fees revenue improved by 21.6% y/y to $49.9M on higher client activity levels in all regions • US revenue increased 11.5% y/y to $21.4M • UK & Europe revenue increased 30.2% y/y to $11.1M • Australia revenue increased 62.6% y/y to $9.9M • Canada revenue increased 4.0% y/y to $7.6M • Q1 principal trading revenue decreased by 83.1% y/y to $6.4M • Year-over-year decline reflects divestiture of U.S. wholesale market making business2 • Decline was partially offset by a 36% increase in U.K. principal trading revenue to $5 million, supported by recent investments in our market-making and investment trust desks which has improved flow across existing desks. $156.2 $161.5 $152.4 $190.0 $41.0 $49.9 2023 2024 2025 2026 Q1/26 Q1/27 Commissions & Fees revenue C$ millions, Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 Canada US UK & Europe Australia $116.9 $105.1 $118.9 $93.0 $37.8 $6.4 2023 2024 2025 2026 Q1/26 Q1/27 Trading revenue1 C$ millions, Fiscal years ended March 31 Q1/27 and Q1/26 ended June 30 Canada US UK & Europe
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CG Principles of Corporate Social Responsibility and Sustainability Page 23 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 24
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(TSX:CF): An Excellent Investment Proposition Driven to create enduring value for our employees, clients and shareholders Page 25 Management and employees are in alignment with shareholders Solid 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 26 ATB Cormark Capital Markets 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 Q1 Fiscal 2027 ended June 30, 2026 Page 27
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C$ thousands (except per share data and ratios) 1 Q1/27 Q4/26 Q/Q Change Q1/26 Y/Y Change FY/26 FY/25 Y/Y Change Revenue $577,435 $612,687 (5.8%) $448,447 28.8% $2,207,687 $1,767,931 24.9% Pre-tax net income $76,140 $89,082 (14.5%) $33,384 128.1% $262,799 $149,118 76.2% Preferred dividend -$2,852 -$2,852 0.0% -$2,852 0.0% -$11,408 -$11,408 0.0% Net income available to common shareholders $39,843 $52,797 (24.5%) $13,505 195.0% $133,705 $62,120 115.2% Earnings per diluted common share $0.36 $0.48 (25.0%) $0.13 176.9% $1.26 $0.61 106.6% Compensation ratio 62.2% 60.1% 2.0 p.p. 60.0% 2.2 p.p. 60.9% 58.7% 2.2 p.p. Non-compensation ratio 24.7% 25.3% (0.7)p.p. 32.6% (7.9)p.p. 27.2% 32.9% (5.6)p.p. Pre-tax profit margin 13.2% 14.5% (1.4)p.p. 7.4% 5.7 p.p. 11.9% 8.4% 3.5 p.p. Effective tax rate 24.8% 25.9% (1.2)p.p. 21.9% 2.8 p.p. 26.3% 26.9% (0.6)p.p. Consolidated results: Q1 Fiscal 2027 ended June 30, 2026 1. Excludes significant items (Non-IFRS and non-GAAP). Refer to non-IFRS measures in the MD&A and on page 2 of this presentation Improved business mix contributes to earnings stability through market cycles Page 28 • Q127 compensation ratio reflects higher PSU expense associated with strong EPS growth and share-price appreciation. • Capital Markets Advisory segment has contributed an average of 37% of annual capital markets revenue since F2022. • Wealth Management businesses provide stable and growing recurring revenues with upside from transaction-based revenue during favourable market environments in Canada and Australia • Sale of US wholesale market-making business and subsequent acquisition of CRC-IB expected to further contribute to higher-margin, lower risk revenue mix
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C$ thousands (except percentages and client assets 2) Q1/27 Q4/26 Q/Q Change Q1/26 Y/Y Change FY/26 FY/25 Y/Y Change Revenue - Canada $121,248 $130,322 (7.0%) $94,093 28.9% $460,378 $374,755 22.8% Revenue - UK & Crown Dependencies $130,642 $127,414 2.5% $125,715 3.9% $512,829 $449,768 14.0% Revenue - Australia $53,227 $48,984 8.7% $23,081 130.6% $150,144 $80,257 87.1% Total $305,117 $306,720 (0.5%) $242,889 25.6% $1,123,351 $904,780 24.2% Pre-tax net income 1 - Canada $20,801 $18,835 10.4% $9,197 126.2% $69,488 $43,050 61.4% Pre-tax net income 1 - UK & Crown Dependencies $29,184 $23,101 26.3% $29,715 (1.8%) $110,429 $101,000 9.3% Pre-tax net income 1 - Australia $7,128 $3,308 115.5% $1,899 275.4% $15,315 $4,948 209.5% Total $57,113 $45,244 26.2% $40,811 39.9% $195,232 $148,998 31.0% Client Assets - Canada $59,548 $55,715 6.9% $44,807 32.9% $55,715 $42,719 30.4% Client Assets - UK & Europe $81,689 $74,110 10.2% $71,567 14.1% $74,110 $69,246 7.0% Client Assets - Australia $18,990 $18,007 5.5% $8,912 113.1% $18,007 $8,447 113.2% Total $160,227 $147,832 8.4% $125,286 27.9% $147,832 $120,412 22.8% Global Wealth Management 1. Excludes significant items (Non-IFRS and non-GAAP). Refer to non-IFRS measures in the MD&A and on page 2 of this presentation 2. Client Assets in C$ millions Q1 Fiscal 2027 ended June 30, 2026 Page 29 $216.5 $233.4 $238.9 $242.9 $269.4 $304.3 $306.7 $305.1 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Q4/26 Q1/27 Wealth Management revenue by region1 C$ millions, fiscal quarters Canada UK & Europe Australia $38.2 $36.3 $41.3 $40.8 $52.1 $57.1 $45.2 $57.1 17.6% 15.5% 17.3% 16.8% 19.3% 18.8% 14.8% 18.7% Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Q4/26 Q1/27 Pre-tax net income1 (C$ millions) and profit margin1 Fiscal quarters Pre-tax net income (C$ millions) Pre-tax profit margin
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(C$ thousands except percentages) Q1/27 Q4/26 Q/Q Change Q1/26 Y/Y Change FY/26 FY/25 Y/Y Change Commissions & Fees $49,924 $52,968 (5.7%) $41,048 21.6% $190,023 $152,401 24.7% Investment banking $87,202 $104,847 (16.8%) $62,410 39.7% $412,116 $213,829 92.7% Advisory $108,878 $118,802 (8.4%) $48,900 122.7% $311,984 $306,481 1.8% Trading $6,393 $6,093 4.9% $37,761 (83.1%) $93,004 $118,881 (21.8%) Interest $5,856 $7,104 (17.6%) $5,944 (1.5%) $26,929 $29,491 (8.7%) Other $2,256 $1,787 26.2% $4,081 (44.7%) $11,227 $9,640 16.5% Total $260,509 $291,601 (10.7%) $200,144 30.2% $1,045,283 $830,723 25.8% Compensation ratio 62.1% 59.1% 3.0 p.p. 61.0% 1.1 p.p. 60.8% 60.9% 0.1 p.p. Non-comp ratio1 21.5% 19.2% 2.3 p.p. 33.5% (12.0) p.p. 23.7% 31.5% (7.8) p.p. Pre-tax profit margin 1 14.3% 20.0% (5.7) p.p. 2.8% 11.5 p.p. 13.5% 5.3% 8.2 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 Q1 Fiscal 2027 ended June 30, 2026 Page 30 $202.1 $210.7 $212.3 $200.1 $252.7 $300.8 $291.6 $260.5 Q2/25 Q3/25 Q4/25 Q1/26 Q2/26 Q3/26 Q4/26 Q1/27 Capital Markets Revenue by region C$ millions, fiscal quarters Canada US UK & Europe Australia
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C$ millions (except for per share amounts and number of shares) Q1 2027 (As at June 30, 2026) Q4 2026 (As at March 31, 2025) % Change Working Capital (1) $818.0 $787.1 3.9% Shareholders' Equity $781.1 $780.6 0.1% Preferred Shares $205.6 $205.6 0.0% Common Shares - Issued & Outstanding 103,020,480 102,760,715 0.3% Solid Capital Position Well capitalized for continued investment in our strategic priorities Page 31 Solid 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.