RFA Financial Inc. · TSX:RFA
RFA Financial — Q3 2026 Earnings Presentation
19 slides from RFA Financial's earnings presentation, Nov 11, 2026
Slide 1: Investor Presentation Q3 2026
RFA FINANCIAL Investor Presentation Q3 2026 TSX: RFA NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 1
Slide 2: Content Overview
Content Overview 1 I N T R O D U CT I ON 04 2 EXECUTIVE SUMMARY 05 3 FINANCIAL PERFORMANCE 08 4 OPERATIONAL OVERVIEW 10 5 CLOSING REMARKS 16 NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 2
Slide 3: Forward-Looking Statements
F OR WA R D L O O K I N G S T A T E M E N T S Unless otherwise indicated or the context otherwise requires, all references in this presentation to the “Company”, “RFA”, “we”, “our”, “us”, or similar terms refers to RFA Financial Inc., together with its subsidiaries. This presentation contains “forwa
Slide 4: RFA Financial Management
RFA Financial Management JOINING US TODAY BEN RODNEY JACLYN KOENIG MELODY LO President & Chief Executive Officer Chief Financial Officer Chief Operating Officer NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 4
Slide 5: Executive Summary
Executive Summary BEN RODNEY President & CEO NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 5
Slide 6: 3-5 Year Targets
CUMULATIVE ASSET SALES 01 $1.3 - $1.5 Billion 3-5 Year TOTAL LENDING ASSETS 02 $8.0 - $12.0 Billion Targets 03 RETURN ON EQUITY (RFA BANK) Low-to-mid teen double digits DELIVERING DISCIPLINED GROWTH & SUSTAINABLE NET INCOME CAGR (RFA BANK) SHAREHOLDER VALUE. 04 40 - 50% PAYOUT RATIO 05 <65% NOVEMBER
Slide 7: Building Future Earnings Capacity
Building Future Earnings Capacity LAYING THE FOUNDATION FOR A SCALED, HIGHER-RETURN FINANCIAL SERVICES PLATFORM. ENHANCING FUNDING FUTURE CAPITAL GROWTH EARNINGS STRENGTH INITIATIVES CAPACITY • $530M of disposition • Scale lending & • $8.0B-$12.0B activity completed or banking platforms lending plat
Slide 8: Financial Performance
Financial Performance JACLYN KOENIG Chief Financial Officer NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 8
Slide 9: Q3 2026 Financial Highlights
AGGREGATE SALE PRICE: DISPOSITIONS (1) (2) $110.5M CLOSED Q3 | $304M CLOSED YTD | REAL ESTATE SEGMENT Q3 2026 WEIGHTED-AVG LEASE RENEWAL RATES (1) 11.2% INCREASE | REAL ESTATE SEGMENT Financial NET INTEREST MARGIN (1)(3) 2.4% | FINANCIAL SERVICES SEGMENT Highlights CET1 RATIO (4) 1 6 . 0 9 % | FINAN
Slide 10: Operational Overview
Operational Overview MELODY LO Chief Operating Officer NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 10
Slide 11: Real Estate Portfolio
Real Estate Portfolio +11.2% WEIGHTED AVG RENTAL RATE ON LEASE 65 Diversified Commercial & Residential S T A B L E O C C U P A N C Y (2) RENEWALS(3) Properties in Canada and the US 100.00% 7.9 Million Square Feet of Commercial 95.00% Gross Leasable Area 90.00% 85.00% 395 Multi-Residential Apartment
Slide 12: $530 Million In Real Estate Disposition Activity
$530 Million In Real Estate Disposition Activity $304M $132M $94M +5.4% CLOSED UNCONDITIONAL CONDITIONAL INCREASE ON SALES YTD CONTRACTS CONTRACTS SALE PRICE AT 4.3% AT 8.0% AT OR ABOVE ABOVE IFRS ABOVE IFRS ABOVE IFRS IFRS V A L U E S (1) V A L U E S (1) VALUES V A L U E S (1) Total disposition act
Slide 13: Origination Growth
Origination Growth STRONG GROWTH 2026 ORIGINATIONS (1) (2) REMAIN ON TRACK YTD ORIGINATIONS GREW 31% YoY, REACHING $5.2 BILLION VS $4.0 BILLION IN 2025. TO EXCEED 2025 +31% 2026 YTD GROWTH VS PRIOR Y E A R (2) $5.4 B $5.2 B Q3 $4.1 B $1.7 B $3.2 B $3.1 B Q3 $2.8 B $1.4 B $2.5 B Q2 $2.1 B Q2 $1.6 B Q
Slide 14: Resilient Prime Residential Portfolio
Resilient Prime Residential Portfolio ARREARS RATE OF 0.063% VS 0.30% CANADIAN MARKET AVERAGE. ~78% 0.350% 0.300% 0.300% LOWER THAN 0.250% M A R K E T A V G (1) 0.200% 0.150% 790+ 0.100% AVG PRIME BORROWER 0.063% C R E D I T S C O R E (2) 0.050% 0.027% 0.000% Q3 2025 Q3 2026 Canadian Market Average
Slide 15: Resilient Alternative Credit Performance
Resilient Alternative Credit Performance RFA BANK’S REALIZED LOSSES WERE 0.23% OF AVERAGE MORTGAGE & LOAN ASSETS. AVG MORTGAGE & LOAN ASSETS VS REALIZED LOSSES $2.5 B $2.6 B 0.23% $2.3 B OF AVG MORTGAGE $2.0 B & LOAN ASSETS REALIZED AS L O S S E S (1) 699 $1.5 B $1.0 B AVG ALTERNATIVE BORROWER $500
Slide 16: Closing Remarks
Closing Remarks BEN RODNEY President & CEO NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 16
Slide 17: Positioned For Growth
01 ADVANCE ONGOING INTEGRATION SUCCESS ACCELERATE ORIGINATION GROWTH, Positioned 02 FUELED BY CURRENT MOMENTUM For Growth 03 UPHOLD DISCIPLINED UNDERWRITING, RESULTING IN BELOW-MARKET WRITE-OFFS ADVANCING KEY INITIATIVES 04 EXECUTE ON DISPOSITION STRATEGY ACROSS THE BUSINESS. ROTATE CAPITAL INTO HIG
Slide 18: Q&A
Q&A NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 18
Slide 19: Investor Relations Contact
HEATHER NIKKEL Global Investor Relations & Sustainability Leader investor.relations@rfa.ca TSX: RFA NOVEMBER 11, 2026 I N V E S TOR P R E S E N T AT ION | Q 3 2 0 2 6 RFA F I N A N C I A L PAGE 19