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August 7 , 2026 Q2 2026 Results FIERACAPITAL
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Forward-Looking Statements 2 This presentation contains forward-looking statements relating to future events, or future performance reflecting management’s expectations or beliefs regarding future events, including, without limitation, business and economic conditions, outlook and trends, Fiera Capital’s growth, results of operations, performance, business prospects and opportunities, objectives, plans and strategic priorities, initiatives such as those related to sustainability, and other statements that do not refer to historical facts. Forward- looking statements may include comments on Fiera Capital’s objectives, strategies to achieve these objectives, expected financial results or dividends, and the outlook for the Company’s businesses, as well as for the Canadian, American, European, Asian and other global economies. Such forward-looking statements reflect management’s current beliefs and are based on factors and assumptions it considers to be reasonable based on information currently available to management. These forward-looking statements may typically be identified by words or expressions such as “assumption”, “continue”, “estimate”, “forecast”, “goal”, “guidance”, “likely”, “plan”, “objective”, “outlook”, “potential”, “foresee”, “project”, “strategy”, “target”, and other similar words or expressions or future or conditional verbs (including in their negative form) such as “aim”, “anticipate”, “believe”, “could”, “expect”, “foresee”, “intend”, “may”, “plan”, “predict”, “seek”, “should”, “strive” and “would”. Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, which makes it possible for actual results or events to differ materially from management’s expectations and that predictions, forecasts, projections, expectations, conclusions or statements will not prove to be accurate. As a result, the Company does not guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company’s objectives, strategies, expectations, plans and business outlook as well as the anticipated operating environment. Readers are cautioned, however, that such information may not be appropriate for other purposes. A number of important risk factors and uncertainties, many of which are beyond Fiera Capital’s control, could cause actual events, performance or results to differ materially from the predictions, forecasts, projections, expectations, conclusions or statements expressed in such forward-looking statements which include, without limitation, risks related to: investment performance and investment of the assets under management (“AUM”), AUM concentration related to strategies sub-advised by PineStone Asset Management Inc., key employees, the asset management industry and competitive pressure, reputational damage, litigation, regulatory compliance, client commitment and redemption, reliance on information technology and telecommunications systems and potential failure of or disruption to those systems, employee misconduct or error, insurance coverage, third-party relationships, conflicts of interest, privacy issues, investment valuation and model, limitations of enterprise risk management, environmental and social issues, acquisitions and disposals, the pace of the growth in Fiera Capital’s AUM, indebtedness, market rates and prices, inflation, interest rate fluctuations, recession, credit, liquidity, taxation, ownership structure and potential dilution, and other risks and uncertainties described in the Company’s Annual Information Form for the year ended December 31, 2025 under the heading “Risk Factors and Uncertainties” or discussed in other materials filed by the Company with applicable securities regulatory authorities from time to time which are available on SEDAR+ at www.sedarplus.ca. Information contained in forward-looking statements is based upon certain material factors and assumptions that were applied in drawing a conclusion or making a forecast or projection, including, without limitation: management’s perceptions of historical trends, current conditions and expected future developments, the successful completion of strategic transactions, acquisitions, divestitures or other growth or optimization strategies, the accuracy of estimates, assumptions and judgments under applicable accounting policies, and the absence of any material change in accounting standards and policies applicable to the Company, the absence of material variation in interest rates, the absence of any significant changes to the Company’s effective tax rate, investment returns being in line with the Company’s expectations and consistent with historical trends, the absence of unexpected changes in the economic, competitive, asset management, legal or regulatory environment or actions by regulatory authorities that could have a material impact on the business or operations of the Company or its business partners, the absence of significant fluctuations in the exchange rate between the Canadian dollar and other currencies (including the U.S. dollar and the pound sterling), and the non-materialization of risk factors or other factors mentioned above or discussed elsewhere in this presentation or discussed in other materials filed by the Company with applicable securities regulatory authorities from time to time which are available on SEDAR+ at www.sedarplus.ca that could influence the Company’s performance or results. Readers are cautioned that the preceding list of risk factors and uncertainties is not exhaustive and that other risks and uncertainties could affect the Company. Additional risks and uncertainties, including those not currently known to Fiera Capital or currently deemed immaterial, could also have a material adverse effect on the Company’s business, financial condition, liquidity, operations or financial results. When relying on forward-looking statements in this presentation, or in any other disclosure made by Fiera Capital, investors and others should carefully consider the risks and uncertainties listed above, along with other potential events that could affect the Company’s financial condition, operations, performance or results. Unless otherwise indicated, forward-looking statements in this presentation describe management’s expectations as at the date hereof and, accordingly, are subject to change after that date. Fiera Capital does not undertake to update or revise any forward-looking statement, whether written or oral, that may be made from time to time by it or on its behalf in order to reflect new information, future events or circumstances or otherwise, except as required by applicable law.
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Non-IFRS Measures 3 Fiera Capital reports its financial results and statements in accordance with IFRS Accounting Standards (“IFRS”). It also publishes certain financial measures or ratios that are not presented in accordance with IFRS. We have included non-IFRS measures in this presentation to provide investors with additional information on our operating and financial performance. We believe non-IFRS measures are important supplemental metrics of operating and financial performance because they highlight trends in our core business that may not otherwise be apparent when one relies solely on IFRS measures. Securities analysts, investors and other interested parties frequently use non-IFRS measures in the evaluation of issuers, many of which present non-IFRS measures when reporting their results. Management also uses non-IFRS measures in order to facilitate operating and financial performance comparisons from period to period, to prepare annual budgets and to assess our ability to meet our future debt service, capital expenditure and working capital requirements. Non-IFRS measures are not recognized measures under IFRS. Non-IFRS measures do not have any standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. For example, some or all of the non-IFRS measures do not reflect: (a) our cash expenditures, or future requirements for capital expenditures or contractual commitments; (b) changes in, or cash requirements for, our working capital needs; (c) interest expense, or the cash requirements necessary to service interest or principal payments on our debt; and (d) income tax payments that represent a reduction in cash available to us. These non-IFRS measures have important limitations as analytical tools, and the reader should not consider them in isolation, or as substitutes in the analysis of our results as reported under IFRS. Because of these limitations, we rely primarily on our results as reported in accordance with IFRS and use non-IFRS measures only as a supplement. For relevant information about non-IFRS measures, please refer to the “Non-IFRS Measures” section beginning on page 50 for the definitions and the associated reconciliations on pages 63-66 of Fiera Capital’s Management’s Discussion and Analysis for the three and six-month periods ended June 30, 2026 which is hereby incorporated by reference and is available on SEDAR+ at www.sedarplus.ca and on Fiera Capital’s Investor Relations website at https://ir.fieracapital.com/.
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Conference Call Participants 4 Maxime Ménard Global President and Chief Executive Officer Lucas Pontillo Executive Director, Global Chief Financial Officer and Head of Corporate Strategy
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Q2 2026 Highlights 5 1 AUM is defined as the total market value of all assets managed or sub-advised by the Company, including strategies offered to Fiera Capital’s clients but managed by third parties. For an explanation of the composition of the AUM, please refer to the section entitled “Results From Operations and Overall Performance –AUM and Revenues – Assets Under Management” of the Company’s Management’s Discussion and Analysis for the three and six-month periods ended June 30, 2026, available on SEDAR+ at www.sedarplus.ca and on Fiera Capital’s Investor Relations website at https://ir.fieracapital.com/ 2 Sub-advised AUM refers to assets under management sub-advised by PineStone Asset Management 3 This item is a non-IFRS financial measure; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliations on pages 63-66) 4 This item is a non-IFRS ratio; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliations on page 63-66) 5 Attributable to the Company’s shareholders Key Metrics Highlights • Ending AUM up 2.1% Q/Q • Reflects market growth partly offset by net outflows • Average AUM down 0.6% Q/Q due to timing of market volatility in both quarters • Private Markets net inflows of $117M, before return of capital • Public Markets, excluding sub-advised AUM2, net outflows of $2.2B • Revenues up 1% Q/Q • Adjusted net earnings up 2% Q/Q • LTM Free Cash Flow3 up 23% Y/Y • Repurchased 134,100 shares for $0.7M • Net debt3 up Q/Q reflecting purchase of 25% of Fiera Infrastructure Q2 2026 Q1 2026 Q2 2025 Ending AUM1 $163.5B $160.2B $160.5B Average AUM1 $162.3B $163.3B $159.0B New Mandates $0.7B $0.5B $1.7B Net Organic Growth ($7.5B) ($1.3B) ($1.7B) Adjusted EBITDA3 $42.0M $42.7M $45.7M Adjusted EBITDA Margin4 27.1% 27.9% 28.0% EPS5, diluted $0.03 $0.03 $0.03 Adjusted EPS3,5, diluted $0.21 $0.21 $0.24 LTM Free Cash Flow3 $92.9M $95.6M $75.3M Net Debt3 $723.3M $700.0M $712.1M
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Total AUM 6 Q2 2026 ($B) Year-over-Year ($B) Highlights Q/Q • AUM up $3.3B or 2.1% • Average AUM down 0.6% sequentially • Market & Other includes positive F/X impact of $1.2B Y/Y • AUM up $3.0B or 1.9% • Excluding strategic wind down of Canadian Equity Small Cap Core strategy, AUM up 2.3% • Average AUM up 2.1% • Positive market impact partly offset by net outflows of $11.4B, of which $9.8B was from sub-advised AUM Subtotals and totals may not reconcile due to rounding 1 Market & Other includes the impact of market changes, income distributions and foreign exchange 2 Relates to the wind down of the Canadian Equity Small Cap Core strategy in Q1 2026 Net Organic Growth: (7.5) Net Organic Growth: (11.4)
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Public Markets AUM and Flows 7 Q2 2026 AUM Walk ($B) New Mandates & Net Organic Growth ($B) Highlights • AUM up $3.3B or 2.4% in Q2 • Up 4.3% ex sub- advised AUM • Average AUM down 0.9% sequentially • Up 1.2% ex sub- advised AUM • New mandates of $0.6B • Net inflows of ~$100M from new client relationships established within the last 18 months • Excluding sub-advised AUM, net outflows were $2.2B reflecting elevated client rebalancing Subtotals and totals may not reconcile due to rounding 1 Represents new mandates, lost mandates and net contributions from AUM sub-advised by PineStone Asset Management 2 Market & Other includes the impact of market changes and foreign exchange 3 Excludes sub-advised AUM Net Organic Growth4: (2.2)
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Private Markets AUM and Flows 8 Q2 2026 AUM Walk ($B) New Mandates & Net Organic Growth ($B) Highlights • AUM up $0.1B or 0.5% in Q2 • Average AUM up 0.5% sequentially • New mandates of $0.1B, primarily into Real Estate and Private Credit • Net inflows of $117M offset by return of capital • Deployed $0.5B of capital in Q2 • Pipeline of undeployed, committed capital remains strong at $1.9B Subtotals and totals may not reconcile due to rounding 1 Net contributions in Private Markets includes return of capital to clients 2 Market & Other includes the impact of market changes, income distributions and foreign exchange Net Organic Growth: –
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Private Markets: A Growth Driver 9 AUM ($B) Revenues, LTM ($M) Subtotals and totals may not reconcile due to rounding 10% CAGR 13% CAGR Private Markets Contribution $1.6B Deployed capital LTM $487M Return of capital LTM $1.9B Committed, undeployed capital Q2 2026 $1.5B New mandates LTM 14.1 22.3
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Canada: Established Scale and Broad Market Presence 10 Strength of Franchise Improvement in Flows • Complete multi-strategy platform • Leadership position and strong market share • Efficient distribution • Strong client acquisition and asset growth • Cross-Canada presence with opportunities for growth – ‘white space’ East AUM: 4% Nb clients: 6% West AUM: 10% Nb clients: 14% Ontario AUM: 46% Nb clients: 34% Quebec AUM: 40% Nb clients: 46% 2.4 2.3 2.7 2.8 2.5 2.3 1.7 (4.1) (2.7) 0.8 1.5 2.7 1.8 (0.1) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 New, LTM NOG ex sub-advised AUM, LTM
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Key Public Markets Investment Strategies Q2 2026 1-year 3-year 5-year Returns Value Added Returns Value Added Returns Value Added Returns Value Added Large Cap Equity Canadian Equity 9.04% 2.08% 7.68% (25.19)% 15.33% (8.15)% 12.74% (2.11)% US Equity Core 8.61% (6.60)% 7.75% (14.58)% 14.70% (5.91)% 10.65% (2.76)% US Equity Growth 15.25% 0.05% 12.04% (10.29)% 20.11% (0.50)% 14.44% 1.03% International Equity ADR 10.90% 0.08% 17.64% (2.59)% 15.78% (0.66)% 8.65% (0.40)% Atlas Global Companies 12.75% (2.90)% 0.30% (25.86)% 7.76% (14.28)% 4.54% (10.01)% Small Cap, SMid Cap, Emerging and Frontier Equity US SMid Cap Growth 14.22% (9.80)% 17.87% (15.07)% 9.43% (6.97)% 4.85% (0.14)% Emerging Markets 27.30% 4.56% 58.31% 14.81% 33.03% 10.01% 13.84% 6.64% Emerging Markets Select 7.50% 4.27% 18.57% 2.01% 16.68% 5.82% 13.29% 5.70% Frontier Markets 6.89% (4.29)% 15.17% (19.71)% 18.32% (5.03)% 12.63% 3.96% Canadian Fixed Income Active Core 2.28% 0.27% 4.23% 0.78% 5.16% 0.74% 1.25% 0.46% Strategic Core 2.19% 0.18% 4.11% 0.65% 5.48% 1.06% 1.36% 0.56% Integrated Core 2.12% 0.10% 3.89% 0.44% 5.04% 0.63% 1.38% 0.58% Foreign Fixed Income Global Multi-Sector Income 3.19% 2.29% 3.21% 1.80% 6.27% 3.14% 3.27% 3.32% US Tax Efficient Core Plus 1.42% 0.08% 5.05% 0.57% 3.87% 0.46% 1.54% 0.18% US High Grade Core Intermediate 0.36% (0.12)% 3.64% (0.12)% 4.44% (0.22)% 1.09% 0.12% Balanced Investment Strategies Tactical Asset Allocation 6.18% (1.34)% 15.87% (1.31)% 12.13% (0.96)% 8.26% (0.12)% Sub-advised Strategies US Equity 9.93% (7.19)% 12.04% (15.14)% 12.70% (10.75)% 11.54% (5.00)% International Equity 17.82% 5.16% 14.79% (10.23)% 12.08% (7.10)% 8.80% (3.25)% Global Equity 16.00% 0.35% 23.15% (3.01)% 16.22% (5.82)% 12.04% (2.51)% Investment Performance – Public Markets1 11 Performance returns are annualized for periods of 1 year and up. All returns are presented gross of management fees but net of all trading expenses and withholding taxes. Each strategy listed above represents a single discretionary portfolio or group of discretionary portfolios that collectively represent a unique investment strategy or composite. The above composites and pooled funds were selected from Fiera Capital's major investment strategies. 1 For Important Disclosures, refer to page 72, and for a more comprehensive list of the Company’s Public Markets investment strategies and their investment performance, refer to pages 20-21, of the Company’s Management’s Discussion & Analysis for the Three and Six-Month Periods ended June 30, 2026, available on SEDAR+ at www.sedarplus.ca and on Fiera Capital’s Investor Relations website at https://ir.fieracapital.com/
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Select Private Markets Investment Strategies Return Since Inception2 Gross IRR Since Inception3 Q2 2026 Absolute Return4 1-Year Absolute Return4 Real Estate Fiera Real Estate CORE Fund L.P. 8.13% 1.21% 6.62% Fiera Real Estate Small Cap Industrial Fund L.P. 12.85% 1.66% 5.28% Infrastructure EagleCrest Infrastructure5 8.30% 1.50% 6.80% Private Credit Fiera Canadian Real Estate Debt Fund 12.04% 2.07% 9.10% Fiera Infrastructure Debt Fund II LP 10.91% 3.19% 10.33% Clearwater Capital Partners Direct Lending Opportunities Fund, L.P. 11.07% 2.51% 10.42% Fiera Private Debt Fund VI 5.18% 2.05% 1.87% Fiera Comox Private Credit Opportunities Open-End Fund L.P.6 8.19% 1.88% 8.24% Private Markets Solutions Fiera Diversified Lending Fund7,8 8.99% 2.13% 8.04% Global Agriculture Fiera Comox Global Agriculture Open-End Fund L.P.6 7.80% 0.48% 4.81% Private Equity Fiera Comox Global Private Equity Fund I L.P.6 10.71% 0.12% (2.82)% Investment Performance – Private Markets1 12 1 For Important Disclosures, refer to page 72, and for a more comprehensive list of the Company’s Private Markets investment strategies and their investment performance, refer to page 22, of the Company’s Management’s Discussion & Analysis for the Three and Six-Month Periods ended June 30, 2026, available on SEDAR+ at www.sedarplus.ca and on Fiera Capital’s Investor Relations website at https://ir.fieracapital.com/ 2 Annualized time weighted returns, presented gross of management and performance fees and expenses, unless otherwise stated 3 Presented gross of management and performance fees and expenses, unless otherwise stated 4 Gross time weighted returns, except where indicated 5 Represents the aggregate performance of assets available to global investors. Return shown gross of management fees, performance fees, fund operating expenses and adjusted for FX movements. The NAV and Total Undrawn Commitment include the investment values of the shared assets in the combined EagleCrest strategy (assets shared between EagleCrest Infrastructure Canada LP and EagleCrest Infrastracture SCSp) 6 Gross IRR shown net of fund operating expenses 7 Strategies with diversified allocation to various private debt LP, including some above mentioned 8 Gross returns recalculated with actual fees and expenses incurred by the funds that the pooled fund invested into
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Public Markets AUM Outperforming Benchmark1 13 1 As at quarter-end. Percentages exclude AUM in segregated accounts managed on behalf of private wealth clients, discretionary accounts, Asia-based accounts and accounts for which total and relative return are not the primary measure of performance. For Important Disclosures, refer to page 72 of the Company’s Management’s Discussion & Analysis for the Three and Six-Month Periods ended June 30, 2026, available on SEDAR+ at www.sedarplus.ca and on Fiera Capital’s Investor Relations website at https://ir.fieracapital.com/ 2 Excludes sub-advised AUM Fixed Income Equity2
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Total Revenues 14 Q2 2026 compared to Q1 2026 ($M) Highlights • Revenues down 5%Y/Y • Lower Public Markets base management fees, largely from from sub- advised AUM, lower share of earnings in JVs and associates and lower commitment and transaction fees • Revenues up 1% Q/Q • Higher commitment and transaction fees and higher performance fees recognized in Private Markets • Partly offset by lower Public Markets base management fees Q2 2026 compared to Q2 2025 ($M)
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Base Management Fees 15 Public Markets 1 Fee rate calculated as annualized base management fees divided by average AUM Private Markets • Y/Y decline in fee rate due to lower sub-advised AUM • Net of sub-advisory fees, fee rate has remained steady Highlights • Y/Y decline in fee rate partly due to higher undeployed AUM
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SG&A Expenses1 161 Selling, General and Administrative (“SG&A”) Highlights • SG&A excluding share-based compensation (“SBC”) down 4% Y/Y • Lower fixed and variable compensation costs from continued optimization efforts, and lower sub-advisory fees • SG&A excluding SBC up 2% Q/Q • Higher employee compensation expense mainly related to the timing of variable compensation costs • Partly offset by lower sub-advisory fees ↓ 4% Y/Y ↑ 2% Q/Q
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Adjusted EBITDA1 and Net Earnings 17 Highlights • Adjusted EBITDA1 down 8% Y/Y • Lower revenues partly offset by lower SG&A expenses • Adjusted EBITDA1 down 2% sequentially • Higher SG&A expenses, partly offset by higher revenues • LTM Adjusted EBITDA margin 3 of 28.9%, up 40 bps Y/Y Adjusted EBITDA1 Net Earnings2 and Adjusted Net Earnings1,2 1 This item is a non-IFRS financial measure; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliation on pages 63-66) 2 Attributable to the Company’s shareholders 3 This item is a non-IFRS ratio; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliations on page 63-66)
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Adjusted Net Earnings Reconciliation 18 Subtotals and totals may not reconcile due to rounding 1 Attributable to the Company’s shareholders 2 This item is a non-IFRS financial measure; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliation on page 63-66) Reconciliation of Q2 2026 Adjusted Net Earnings2 ($M) Q2 2026 Share Dilution (‘000) Q2 2026 Earnings Per Share Weighted average shares outstanding – basic 106,011 Share-based awards payable 5,224 Weighted average shares outstanding – diluted 111,235 23.9 3.5 11.3 5.7 0.3 4.5 1.2 (2.5) Q2 2026 Net earnings¹ Amortization and depreciation Restructuring, acquisition related and other costs Accretion and change in FV of PPOs and other, and effective interest on debentures Share-based compensation Other expenses Tax effect of adjusting items Q2 2026 Adjusted net earnings²
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Return of Capital 19 1 This item is a non-IFRS financial measure; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliation on page 63-66) 2 Payout ratio defined as LTM dividends declared divided by LTM Free Cash Flow Highlights • Repurchased and cancelled ~134,100 shares for $0.7M in Q2 • LTM Free Cash Flow1 up 23% Y/Y • Higher cash from operating activities, primarily from the timing of working capital items, along with lower interest expense and lease payments • LTM Free Cash Flow1 down 3% Q/Q • Lower distributions received from JVs and associates and higher dividends paid to non- controlling interest, partly offset by lower interest expense • Dividend payout ratio at 49% of LTM Free Cash Flow 1 Dividends and Share Repurchases ($M) LTM Free Cash Flow1 ($M)
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Financial Leverage 20 Total Debt1 & Net Debt1,3 ($M) 1 Total debt represents the carrying amounts of long-term debt and debentures and fair value of cross currency swaps as reported in the statement of financial position in the consolidated financial statements. Net debt is Total debt net of cash and cash equivalents as reported in the statement of financial position in the consolidated financial statements 2 Represents Net debt, divided by last twelve months Adjusted EBITDA. This item is a non-IFRS ratio; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliation on pages 63-66) 3 This item is a non-IFRS financial measure; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliation on page 63-66) Highlights • Net debt up $11M Y/Y • Net debt up $23M Q/Q, primarily due to the purchase of the remaining 25% interest in Fiera Infrastructure, along with fees related to the transaction • Net debt ratio 2 up Q/Q and Y/Y
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Progress on our Strategy 21 1 This item is a non-IFRS financial measure; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliations on page 63-66) 2 This item is a non-IFRS ratio; see the “Non-IFRS Measures” section in this presentation and in the Q2 2026 MD&A (beginning on page 50; associated reconciliation on page 63-66) Focus distribution efforts Re-center the organization around performance Optimize operations Position Private Markets as a growth driver Strengthen balance sheet 1 2 3 4 5 • New mandates of $3.3B across Public and Private Markets over LTM • ~$200M of net inflows YTD from financial intermediary relationships established within the last 18 months • Fixed income performance remained strong with 91% of AUM outperforming over the 1-yr period • Meaningful improvement in Q2 across several key equity strategies • In Private Markets, real estate and private credit strategies continuing to perform well, supporting client demand • YTD SG&A expenses down 5% from the same period last year • YTD Adjusted EBITDA margin2 of 27.5%, up 20 bps year-over-year • Aligned Private Markets with the firm-wide investment governance model, consistent with the structure established in Public Markets • ~$500 million of capital deployed into new projects in Q2 and $1.6B deployed over LTM; strong pipeline of committed, undeployed capital of $1.9B for future opportunities • Net debt1 increased $23M from Q1 2026 reflecting acquisition of 25% interest in Fiera Infrastructure • Net debt ratio2 of 3.8x compared with 3.6x in Q1 2026
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22 Appendix
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AUM Diversification 231 Liquid alternative investment strategies are accounted for in the Company’s Public Markets investment platform AUM as at June 30, 2026 – $163.5B By Geographic Region By Distribution Channel By Asset Class Canada 70% U.S. 20% EMEA 9% Asia 1% Institutional 58 % Financial Intermediaries 34 % Private Wealth 8 % Equity 43 % Fixed Income 42 % Private Markets 14 % Liquid Alts & Other1 2 %
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Revenue Diversification 24 LTM Total Revenues – $656M Equity 53% Fixed Income 13% Private Markets 33% Liquid Alts & Other3 1% Canada 64% U.S. 20% EMEA 14% Asia 2% By Distribution Channel By Asset Class2 Institutional 53% Financial Intermediaries 27% Private Wealth 17% Other1 3% 1 Includes Share of earnings in joint ventures and associates and Other revenues, which are not allocated to a channel 2 Based on estimated annualized base management fees 3 Liquid alternative investment strategies are accounted for in the Company’s Public Markets investment platform By Geographic Region
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Asset Allocation Overlay Strategies Balanced Mandates Breadth of Investment Solutions 25 Totals may not reconcile due to rounding 1 Includes sub-advised AUM of $30.8B 2 Includes $1.9B of committed, undeployed capital Canadian Equities Foreign Equities Emerging & Frontier Equities Treasury & Money Market Canadian Fixed Income Foreign Fixed Income Liability Driven Investments Liquid Alternatives & Other $69.8B1 $68.0B $3.4B $141.2B $9.4B $4.2B $5.0B $2.9B $0.9B Real Estate Private Credit Infrastructure Private Equity Agriculture $22.3B2 Advisory Multi-Asset Class Solutions Public Markets Private Markets
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Private Markets – Diversified Platform 26Subtotals and totals may not reconcile due to rounding Agriculture Real Estate Infrastructure Private Credit Private Equity • Two strategies • 10+ investment professionals • 13 platform investments across five countries • Nine strategies • 45+ investment professionals • 180+ investments across nine countries • One strategy • 5+ investment professionals • 25 portfolio investments across three countries • Nine strategies • 55+ investment professionals • 320+ properties under management across six countries • Two strategies • 20+ investment professionals • 60+ assets across six countries Industry View: Private markets will deliver over half of the total asset management industry’s revenues by 2030. - Source: PwC Global AWM & ESG Research Centre $9.4B $4.2B $5.0B $2.9B $0.9B Total AUM $22.3B
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Our Sustainability Journey 27 As at June 30, 2026 All rights to the trademarks, brands and/or logos listed herein belong to the respective owners. Fiera Capital Corporation and its subsidiaries use of hereof does not imply an affiliation with, or endorsement by, the owners of these trademarks/logos. We actively contribute and collaborate to further promote the advancement of sustainability
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About Fiera Capital 28 • We are a leading independent asset management firm with a growing global presence. • We deliver customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East. • We adhere to the highest governance and investment risk management standards and operate with transparency and integrity to create value for clients and shareholders over the long term. • We place a strong focus on talent to ensure we continue to deliver consistently for our clients and our shareholders and are guided by our values. 1 As at June 30, 2026 2 Source: Bloomberg as at June 30, 2026 Who We Are Founded 2003 Symbol (TSX) FSZ Market Cap $558M2 Our Mission We allocate capital with discipline, deliver risk- adjusted returns and back long-term drivers of value. Our Values Lead with Integrity We uphold the highest standards of ethics and accountability, fostering a culture of trust and merit. Think Critically, Act Decisively We make confident, well-informed decisions grounded in rigorous analysis and world-class expertise. Innovate with Purpose We create value-accretive solutions, combining ingenuity with purposeful applications to create continuous improvement. Collaborate with Intent We leverage the ambition and diverse perspectives of our global teams to deliver lasting value. Adapt with Agility We navigate complexity with discipline and foresight, adapting decisively to change. AUM $163.5B1 Employees 769 Headquarters Montreal
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29 Thank You investorrelations@fieracapital.com ir.fieracapital.com