Igm Financial Inc. · TSX:IGM
Igm Financial — Investor Presentation (May 2026)
97 slides from Igm Financial's investor presentation, May 2026
Slide 1: IGM Financial Investor Presentation May 2026
IGM Financial Investor Presentation May 2026
Slide 2: Caution concerning forward-looking statements
Caution concerning forward-looking statements Certain statements in this report, other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect IGM Financial Inc.’s (IGM Financial, IGM or the Company) and, where applicable, its subsidiaries’ and str
Slide 3: Non-IFRS financial measures & other financial measures
Non-IFRS financial measures & other financial measures This report contains Non-IFRS financial measures and non-IFRS ratios that do not have standard meanings prescribed by International Financial Reporting Standards (IFRS) and may not be directly comparable to similar measures used by other compani
Slide 4: Non-IFRS financial measures & other financial measures
Non-IFRS financial measures & other financial measures Other items Other items for the three months ended March 31, 2026 consisted of: • ($0.5) million reflecting the Company’s proportionate share of items Great West excludes from its base earnings (Great West other items). Great West excludes items
Slide 5: Documents incorporated by reference
Documents incorporated by reference This summary document and webcast are meant to discuss, not to serve as a substitute for, information included in these documents. The reader is hereby cautioned to refer to the following documents relating to IGM Financial’s results: 1. Documents related to IGM F
Slide 6: Presentation sections
Presentation sections IGM Financial Overview 8 Performance Summary 19 Wealth Management IG Wealth Management 31 Rockefeller Capital Management 50 Wealthsimple 54 Asset Management Mackenzie Investments 57 ChinaAMC 71 Northleaf 74 Financial results First Quarter 2026 77 Appendix 88 6
Slide 7: Glossary
Glossary AUA Assets Under Advisement MOIC Multiple on Invested Capital AUM Assets Under Management NCI Non-controlling Interest AUM&A Assets Under Management & Advisement NCIB Normal Course Issuer Bid CAGR Compound Annual Growth Rate NTM Next Twelve Months CFP Certified Financial Planner OCI Other C
Slide 8: IGM Financial Overview
- Wealth Wealth Management Asset Management Financial IGM Financial Overview This way to S better
Slide 9: IGM Financial: A compelling wealth and asset management company built for growth
IGM Financial: A compelling wealth and asset management company that is built for growth • A wealth and asset management company that is built for growth • IG Wealth and Mackenzie (the “Core”) are extending their industry leadership positions • Strategic investments in complementary wealth and asset
Slide 10: IGM at a glance
IGM at a glance Consolidated AUM&A 2025 Adjusted EPS by segment1 1 $568.9B incl. strategic investments Mutual fund AUM market Top 4 $4.61 share 2 In Canada Wealth management Clients ~2 Million Employees 3,500+ 54.1% 2025 Net earnings available 5 $1,101MM to common shareholders 2025 Adjusted net earn
Slide 11: Strength and scale as part of the Power Corporation group of companies
Strength and scale as part of the Power Corporation group of companies1 Wealth Asset Corp & management management other 2.4% 17.2% 56.0% 2 25.4% 27.8% Access to Investment Investment management Insurance Investment Benefits intellectual management sub - distribution arrangements distribution opportu
Slide 12: Acquisitions, divestments and guiding themes
Acquisitions, divestments and guiding themes Positioning IGM for growth August 2020 - $243MM 1 Investing themes October 2020 $196MM 2 1 Investing in diversified growth December 2020 $175MM May 2021 - $295MM 2 Risk smart M&A July 2021 $4.7MM 3 December 2022 $40MM 3 Simplification of Power Group Janua
Slide 13: Growth in consolidated AUM&A incl. strategic investments
Growth in consolidated AUM&A incl. strategic investments Where we WERE Where we ARE IGM AUM&A1 2020 (Dec 31) 2026 (Mar 31) ($B, IGM proportionate share) $103B $163B n/a $49B $4B $32B 2 $29B n/a 3 $111B $151B $40B $158B $8B $20B Consolidated AUM&A including strategic investments 4 ~$ 29 1 B ~$569B 1)
Slide 14: A compelling wealth and asset management line up
A compelling wealth and asset management line up Leadership positions in Canadian wealth and asset management; diversified earnings drivers in adjacent markets Wealth management 1 (AUA $243B 2) Asset management (AUM $424B 2) Corporate & other Publicly traded, international Comprehensive personal fin
Slide 15: Advancing IGM Financial's sustainability strategy
Advancing IGM Financial’s sustainability strategy Initiatives we support IGM is recognized by the following agencies and indices 15
Slide 16: Clear medium-term capital allocation priorities
Clear medium-term capital allocation priorities #1 Invest in our Core businesses to position them for long-term success Strong dividend Share buybacks M&A Sustain strong current dividend Offset dilutive effect of stock Focus on investing in the #2 option program wealth and asset management business
Slide 17: 2026 focus: capitalizing on growth and increasing returns to shareholders
2026 focus: capitalizing on growth in businesses and meaningfully increasing returns to shareholders Wealth management Asset management 2026 Continuing momentum and growth in HNW and Driving investment excellence, AI foundation and MA client segments, focusing on segmented product innovation, enhanc
Slide 18: IGM is embedding AI into core wealth, asset management and enterprise workflows
IGM is embedding AI into core wealth, asset management and enterprise workflows AI is being used to elevate advisor productivity, client experience & outcomes and drive efficiency & effectiveness Leveraging a strong foundation, AI is being deployed across IG and Mackenzie with early use Improving op
Slide 19: Performance Summary
IGM Financial Performance Summary 19
Slide 20: Financial market and client investment returns
Financial market and client investment returns IGM client return index 1 Investment performance YTD at 2023 2024 2025 April 30 2.1 2 IGM client investment return 9.9% 15.5% 11.9% 3.6% 2.0 1.9 Equity markets: 1.8 Canada (S&P/TSX Composite) 11.8% 21.6% 31.7% 7.9% 1.7 1.6 1.5 U.S. (S&P 500) 26.3% 25.0%
Slide 21: Annual net flows
Annual net flows IGM Financial consolidated net flows1 ($MM) Annual net flows (excluding strategic investments) Wealth management 8,701 8,800 • IG Wealth 2025 net flows of $2.1B 7,099 • Rockefeller organic and inorganic growth of US$25.2B during 2025 • Wealthsimple grew AUA by 74% since Q4/24, well
Slide 22: Ending AUM&A including SI proportionate share
Ending AUM&A including SI proportionate share ($B) Consolidated Wealth management Asset management AUM&A incl. SI1 4 2,3 2 2 2 +17% 566.2 2024 Sub-advised AUM to Wealth Management: 2025 Q4/25 $92.8B (Q4/24 $83.4B) 483.5 244.0 213.3 +13% +22% 158.9 +16% 164.4 140.4 135.2 +5% +63% 151.1 46.7 129.9 +9%
Slide 23: Adjusted net earnings available to common shareholders by segment
Adjusted net earnings available to common shareholders1 by segment ($MM) Wealth Management2 Asset Management Corporate & Other3 IGM Consolidated +16% 1,093.1 2024 +24% 939.0 2025 591.0 +8% 377.4 477.7 350.4 +12% 124.7 110.9 1) A non-IFRS financial measure - see Non-IFRS financial measures and other
Slide 24: Record adjusted EPS and returning capital to shareholders
Record adjusted EPS1 and returning capital to shareholders IGM is delivering on it’s investor day earnings growth objective 1 Capital returned to shareholders $533MM 4.61 2025 dividends paid 4.05 3.95 3.63 3.54 3.20 3.2% 3 current dividend yield 2020 2021 2022 2023 2024 2025 $294MM share repurchases
Slide 25: Returning capital to shareholders while strengthening financial flexibility
Returning capital to shareholders while strengthening financial flexibility Return of capital to Leverage Balanced approach to capital allocation shareholders (Debt/LTM adj. EBITDA1) ($MM) Dividends declared Gross debt / adj. EBITDA Return of capital to shareholders: Share repurchases 330.1 Net debt
Slide 26: Confidence in achieving our medium-term financial objectives
Confidence in achieving our medium-term financial objectives and creating long-term stakeholder value1 Medium -term financial objective – IGM Financial 5 -year EPS growth 2 Core 7%+ businesses 5-year earnings CAGR 9%+ 5-year adjusted EPS CAGR2,3 2,3 Strategic 15%+ Sum -of -the -parts investments 5-y
Slide 27: Core businesses medium-term financial objectives
Core businesses medium-term financial objectives1 Focusing efforts on what is within our control and AUM&A ~8% growth in AUM&A 1 5% market appreciation assumption based on company asset mix ~3% average net flows rate over market cycle (~2% industry2 + ~1% share gain) 7%+ Efficiency/expense gro
Slide 28: Strategic investments diversify and accelerate earnings growth profile
Strategic investments diversify and accelerate earnings growth profile1 Medium -term objectives & Target recruiting of $120MM in annual production acquired2 Target organic growth of 6-8%3 expected benefits Current capacity to scale and create operating leverage 15%+ 2023 Investor Day AUM tar
Slide 29: IGM Financial: investment highlights
IGM Financial: investment highlights Well-positioned for sustainable earnings growth through leadership positions & strong execution at IG Wealth and Mackenzie Investments Strategic investments in complementary asset and wealth managers tilt Company toward stronger, diversified AUM&A and earnings gr
Slide 30: Wealth Management
Wealth Management WEALTH ROCKEFELLER le: . 2 MANAGEMENT er't#t usweecutr Wealthsimple
Slide 31: Accelerating growth through a clear strategy led by an experienced leadership team
Accelerating growth through a clear strategy led by an energized and experienced leadership team Targeting key high net worth and mass affluent segments by aligning our capabilities to industry wealth drivers Utilizing a segmented advice model to align IG’s best-in-class advice with Canadians’ finan
Slide 32: A wealth management leader in Canada
A wealth management leader in Canada IG Wealth Management is in a leadership position; our unique model gives us a competitive advantage for growth Inspiring confidence for over 100 years • Long-standing, generational relationships with clients • Coast-to-coast, serving communities small and large;
Slide 33: IG Wealth Management at a glance
IG Wealth Management at a glance Leading wealth management company in Canada; inspiring financial confidence Key statistics Total AUM&A 1 $163B $6.8 Billion #1 in 15 Dealer Report Client Total AUM 1 $141B Card categories4 Mortgages Clients ~1MM #1 earned media $108 Billion share of voice among 1,554
Slide 34: IG Wealth Management transformation journey
IG Wealth Management transformation journey Strategic shift to mass affluent and high-net-worth Where we WERE (Jan 1, 2018) Where we ARE (Jan 1, 2026) Where we are GOING (Jan 1, 2028) Competed for Mass and MA segments Serving MA and HNW clients with fee-for- Target key HNW segments through advisor e
Slide 35: Strong advisor productivity
Strong advisor productivity Gross inflows per advisor recruit Gross inflows per advisor p ractice with >4 years experience 1 ($MM) with <4 years experience ($MM) Productivity in -focus 2.81 • Scaling our segmented advice model to help provide consistent services to all 0.78 2.17 clients and create c
Slide 36: Record inflows, driven by strong high-net-worth & mass affluent client acquisition
Record inflows, driven by strong high-net-worth & mass affluent client acquisition Gross flows from newly acquired clients (Annual, $MM) Gross flows from newly acquired clients (LTM, $B) By client assets brought to IG Wealth By client assets brought to IG Wealth Growth 1 5-year 1-year Mass market Ma
Slide 37: Canadian financial assets projected to grow to $13.2 trillion by 2034
Canadian financial assets projected to grow to $13.2 trillion by 2034 Canadian financial wealth ($T) 1 By wealth band 2 By generation 13.2 13.2 0.9 Gen Z $10MM+ 2.5 Millennials 4.6 (~6% CAGR) $5MM – 10MM 7.5 Gen X (~6% CAGR) 4.5 7.5 1.9 1.0 2.5 2.0 4.2 $1MM – 5MM 1.0 (~6% CAGR) 3.2 4.6 Baby Boomers
Slide 38: Clear strategic pillars to enable long-term growth strategy
Clear strategic pillars to enable long-term growth strategy 1 2 3 Driving Elevating Investing best-in-class advice experience platforms, products and in people and driving in a segmented way services that resonate with productivity through HNW digitalization and partnerships Our goal is to help Cana
Slide 39: Executing against strategic pillars; enabling growth and driving results
Executing against strategic pillars; enabling growth and driving results Investment Executive’s 2025 Dealers’ Report Cards results2 Overall Dealer Report Card Rating 3 Driving best-in-class advice experience in a Peer Avg IG Wealth Rating segmented way 8.8 8.8 8.6 8.4 8.5 8.3 ▪ MA/HNW clients repres
Slide 40: Best-in-class advice experience targeting key HNW segments
Best-in-class advice experience targeting key HNW segments IG regional family office advice m odel HNW client segments PLANNING SKILLS PLANNING TOOLS 1 | Business owners ~1,600 CFP/Pl. Fin Living Plan Portal Professionals Advisor Portal 2 | Professionals Team-based practices 3 | Pre-retirees
Slide 41: Helping clients navigate industry wealth drivers is fuelling our growth
Helping clients navigate industry wealth drivers is fuelling our growth Philanthropy and Tax planning and legacy planning optimization Adults 65+ contribute ~45% of charitable donations annually 6 1 8 provinces have a combined highest tax rate > 50%2 (~$11B in 2020 from all age groups)1 HNW financia
Slide 42: Segmented advice focus allows us to scale our advice experience
Segmented advice focus allows us to scale our advice experience across the client spectrum IG AUA by client wealth band 1 ($B) > 80% of assets are Mass Affluent and HNW 2018 2024 2025 Benefits Create a better experience EMPLOYEE CHANNEL ENTREPRENEURIAL CHANNEL for our current Mass Market clients OP
Slide 43: Corporate channel enabling entrepreneurial advisors and driving productivity
Corporate channel enabling entrepreneurial advisors and driving productivity 2023 1 Q2/25 2 Corporate channel enables entrepreneurial advisors to: Support mortgage and insurance needs ENTREPRENEURIAL TEAM ADVICE 1 FOCUS = > $250K ENTREPRENEURIAL TEAM ADVICE 1 FOCUS = > $250K • Mortgage funding up 27
Slide 44: Significant opportunity to elevate investment, mortgage and insurance services offerings
Significant opportunity to elevate investment, mortgage and insurance services offerings Investment Mortgage and Insurance Private Company services b anking services services Advisory HNW platform expansion Advance digital origination Enhance carrier Comprehensive advisory partnerships and o
Slide 45: Well-constructed managed solutions provide advisors with the best opportunity
Well-constructed managed solutions provide advisors with the best opportunity to focus on providing comprehensive financial planning 80 % OF LONG -TERM GROSS SALES (LTM) 1 | 74% OF LONG -TERM FUND ASSETS 1 IG WEALTH + MANAGED SOLUTIONS FOR PORTFOLIOS UNIQUE PLANNING NEEDS i PROFILE PRIVATE IG CORE I
Slide 46: Leading investment solutions managed by top global public and private markets asset managers
Leading investment solutions managed by top global public and private markets asset managers with strong investment performance 67% Bursting with iProfile managed of assets rated 4 or 5 stars performance solutions provide by Morningstar1 access to: Explore our top-performing investment solutions 96%
Slide 47: Leading portfolio construction with public, private and alternative strategies
Leading portfolio construction with investment solutions that include public markets, private markets and alternative strategies Illustration of iProfile Global LIQUID ALTERNATIVES Neutral Balanced Model EXPANDED USE OF PRIVATE CANADIAN PRIVATE CREDIT MARKET PRIVATE EQUITY & REAL ASSETS INVESTMENTS
Slide 48: Momentum in mortgage and insurance
Momentum in mortgage and insurance Mortgage funding 1 New annualized insurance premiums (Annual, $MM) (Annual, $MM) 1,193 86 74 971 Growth enhanced by focus on Growth enhanced enhancement of by focus on insurance solution advancement of breadth, sales digital origination enablement tech and strategi
Slide 49: Continued investment in technology, digitalization and partnerships
Continued investment in technology, digitalization and partnerships Driving a better advisor and client experience and fueling future productivity Investing in our client portal to modernize and Expanding through Fintech accelerators create an interactive, personalized user interface KEY FEATURES ES
Slide 50: Rockefeller Capital Management snapshot
Rockefeller Capital Management snapshot Trusted advisors to HNW/UHNW investors, businesses and institutions navigating the complexities of family and wealth Respected brand with extensive footprint Offices covering 32 markets in major U.S. wealth centres Founded 2 018 IGM % economic interest 1 17.2%
Slide 51: Unique competitive advantages
Unique competitive advantages Comprehensive service offering Elite wealth advisors uniquely positioned to serve HNW and UHNW client segments Personalized through Rockefeller brand Holistic family investment office solutions advisory Customized Proactive, tax -focused w ealth investment strategy serv
Slide 52: Client assets and key performance indicators
Client assets and key performance indicators Client assets (US$B) Key performance indicators 2 203 198 Organic growth3 target at annual rate Organic of 6-8% (excludes market 151 growth appreciation) 122 97 98 67 Selectively add advisor teams Inorganic representing ~$120MM production growth acquired4
Slide 53: IGM + Rockefeller Capital Management strategic benefits
IGM + Rockefeller Capital Management strategic benefits Collaboration Distribution Strategic advisory 1 Create knowledge-sharing Two-way flow of world-class Leverage expertise of opportunities between investment solutions from seasoned investment bankers respective organizations Rockefeller As
Slide 54: Wealthsimple snapshot
Wealthsimple snapshot Key differentiators AUA ($B) Client Count 2 (000s) 3,405 124.8 3,199 111.3 Client 2,577 Majority of customer base are Millennials 2,228 2,031 1,753 Technology 64.0 Forward-looking innovation drives business growth 31.0 18.3 597 18.4 Brand 9.3 Distinct identity, strong loyalty a
Slide 55: Winning the next generation of clients through product innovation
Winning the next generation of clients by increasing accessibility through product innovation Focu s on product “firsts” Accessibility focus with Next -generation clients that make financial tools an innovation mindset more accessible ~50% of clients say Intuitive, accessible user Wealthsimple w
Slide 56: Asset Management
Asset Management PX MACKENZIE @ chinaame Northleaf This way to S better ISM:
Slide 57: Strong execution towards becoming Canada's preferred global investment management solutions provider
Strong execution to date towards becoming Canada’s preferred global investment management solutions provider and business partner Leveraging foundational qualities that provide competitive advantage within the Canadian financial advisor channel and provide avenues to expand distribution reach Drivin
Slide 58: Mackenzie Investments at a glance
Mackenzie Investments at a glance Key stats Institutional and Retail partnerships Founded 1967 Regions served Total AUM 1,2 $246B Background Investment solutions provider Partnerships with wealth of choice to financial advisors managers >30K financial advisor Sub-advisory and institutional r
Slide 59: Mackenzie market position in Canadian retail financial advisor channel
Mackenzie has a leading market position in the Canadian retail financial advisor channel with a strong brand and advisor engagement Advisor perception study1 – mutual funds Advisor channel overall sales penetration (% of advisors actively selling fund manager’s products) Mackenzie overall results Cl
Slide 60: Mackenzie Investments' transformation journey
Mackenzie Investments’ transformation journey 2 Assets under management Adj. Earnings before interest and taxes (“EBIT”) ($B) ($MM) GLC 5 -year CAGR: IG 5 -year CAGR: 5.7% Ex-acquisition 8.4% 345.4 344.2 350.5 244.0 2019 – Sub-advisory 17.01 313.1 303.4 213.3 relationship with IG 210.3 Wealth Manage
Slide 61: Mackenzie Investments' target market is large and growing
Mackenzie Investments’ target market is large and growing Canadian financial wealth ($T) By savings vehicle 1 By distribution channel 6% 13.2 6% 13.2 Total CAGR Total CAGR 3% 3% 2.8 2.8 Deposits Bank Branches 9% 2.9 7% 2.7 Online/Discount Non -Disc. Securities 2 7.5 7.5 8% 1.6 7% 2.0 2.5 Discretiona
Slide 62: Mackenzie Investments strategy
Mackenzie Investments strategy Mission Creating a more invested world, together. Foundational Boutique approach and Power Group Brand Fostering Culture breadth of capabilities ecosystem leadership sustainability and talent qualities Strategic Building meaningful Developing presence in Winning Canadi
Slide 63: Three priorities to drive success across our strategic mandates
Three priorities to drive success across our strategic mandates 1 Raise the bar on investment excellence 2 Build better product 3 Deliver a great service experience Priority Investment excellence with Product innovation and breadth Expanding relationships and institutional quality processes of relev
Slide 64: Global investment capabilities, diversified across asset classes and geographies
Global investment capabilities, diversified across asset classes and geographies Opportunity to grow client base outside of Canada Total AUM $246.0B >90% of clients are Canadian (by AUM) Multiple delivery vehicles Multiple support services ~150 investment professionals in Mutual funds, ETFs, offer
Slide 65: World-class investment talent spanning 13 boutiques
World-class investment talent spanning 13 boutiques1 Lesley Marks Steve Locke Chief Investment Officer, Chief Investment Officer, Fixed Income, Equities Multi-Asset & Quantitative Strategies 1 Asia 1 Fixed Income 2 Bluewater 2 Global Quantitative Equity Diversity of styles and breadth of capabilit
Slide 66: Mackenzie Investments has a diversified suite of capabilities
Mackenzie Investments has a diversified suite of capabilities, ensuring that there is something relevant and compelling for all client needs and across market environments Mackenzie assets by Morningstar Rating 1 In Canada, performance peer groups for Morningstar ratings are 100% One Star very bro
Slide 67: Meaningful opportunity to increase strategic partnerships
Meaningful opportunity to increase strategic partnerships SPOTLIGHT: Mackenzie is one of two exclusive providers to >$20B and growing wealth ~$95B strategic partner ~$59B strategic partner manager with ~7,0001 advisors and sister company and sister company Launched exclusive Mackenzie FuturePath pro
Slide 68: 2025 Mackenzie product launch focus on innovation
2025 Mackenzie product launch focus on innovation Theme Shelf Team Mandate Quant ETF Liquid alts Privates completion Asia & Bringing Asia and Europe track records to retail in Mackenzie international all cap equity fund ✓ Europe emerging category Mackenzie target 2027 North American IG corporate bon
Slide 69: Spotlight: Global Quantitative Equity boutique
Spotlight: Global Quantitative Equity boutique Background • Boston-based (added in 2017) • $18.2B1 total AUM “Holistic Quant” approach promotes all-weather performance across cycles and environments • Holistic, all-weather approach • 12-person experienced team Assets Under Management ($B) Trailblazi
Slide 70: Spotlight: bringing private asset classes to Canadian households
Spotlight: Mackenzie is on a mission to bring private asset classes, the “Missing Middle”, to Canadian households Mackenzie Northleaf AUM Northleaf Multi-Asset Private Market Fund5 ($ million) Five products launched in October 2025 515 launched to date Infrastructure Across private equity, private P
Slide 71: ChinaAMC snapshot
ChinaAMC snapshot Strong, supportive shareholders Founded 1998 IGM % ownership interest 27.8% AUM 2.8 T RMB/ $568B1 Qatar Holding LLC 27.8% 62.2% 10% Investment professionals 250 + Retail: 250MM + # of investors Institutional: 350K+ Strategic benefits + Enhances Mackenzie’s Enables best practice
Slide 72: Chinese investment fund industry AUM; ChinaAMC is an industry leader
Chinese investment fund industry AUM; is an industry leader Chinese investment fund industry Ending AUM 1 Chinese mutual fund industry top 10 long -term fund (RMB¥ Trillions) 5 -year CAD/RMB = 5.0502 p rovider m arket share CAGR • ChinaAMC’s long-term fund market share3 Money-market funds 36.8 36.5
Slide 73: ChinaAMC growth is outpacing robust industry expansion
ChinaAMC growth is outpacing robust industry expansion ChinaAMC AUM 1 5 -year CAGR (RMB billions) 3,014 Other (primarily institutional) Money-market funds Long-term funds 2,814 13% 5 -year 2,465 investment fund 2,283 AUM CAGR 2,092 19% 1 1,824 1,791 711 ChinaAMC 1,662 1,722 19 % 766 18% 1,318 550 1,
Slide 74: Northleaf snapshot
Northleaf snapshot Investors choose to work with Northleaf to access private investments in mid-market companies and assets globally Founded 2002 10 GLOBAL OFFICES IGM % economic interest 56% Northleaf offices AUM 1 $36B Investment professionals 2 300+ Institutional investors 2 375+ Private equity P
Slide 75: An integrated platform and partnerships drive capital raising growth
An integrated platform and partnerships with leading institutional investors drive capital raising growth Integrated platform focused on mid-market companies Private equity Infrastructure Private credit Value creation in companies globally Direct investments in private infrastructure Direct le
Slide 76: Northleaf's strategic partnership with IGM and GWL
Northleaf ’s strategic partnership with IGM and GWL Northleaf’s current growth …enables IGM and GWL to provide institutional global private markets strategy… solutions to wealth management and insurance investors Wealth and asset management Insurance and wealth management Maintain superior investm
Slide 77: First Quarter 2026
IGM Financial First Quarter 2026 77
Slide 78: IGM Financial Q1, 2026 highlights
IGM Financial Q1, 2026 highlights Financial highlights Operational highlights 1 • Record high first quarter adjusted EPS1 Adjusted EPS Reported EPS • Record high client assets and strong net flows from the core $1.21 $1.20 • Net flows at IG Wealth and Mackenzie of $5.6B2 +21.0% vs Q1/25 + 22.4 % vs
Slide 79: IGM Financial operating backdrop
IGM Financial operating backdrop Markets & IGM client return index1 50% 40% Current operating backdrop 30% resilient despite periodic volatility 20% 10% • Sustained positive industry flows 0% • Investor confidence remains solid (10%) (20%) • Periodic market volatility 2025-03-31 2025-06-30 2025-09-3
Slide 80: Adjusted net earnings available to common shareholders by segment
Adjusted net earnings available to common shareholders1 by segment ($MM) Wealth management2 Asset management Corporate & other3 IGM consolidated +20% Q1/25 284.3 Q1/26 237.8 +26% 156.1 124.3 +9% 86.5 94.1 +26% 27.0 34.1 1) A non-IFRS financial measure - see Non-IFRS financial measures and other fina
Slide 81: IG Wealth Management net flows
IG Wealth Management net flows IG Wealth Management adjusted gross and net flows1 ($MM) IG Wealth Management adjusted net flows1,2 ($B) (LTM, as at April 30, 2026) Gross Inflows Gross Outflows Net Flows Total Net Flows IGM Product Net Flows Cash, GICs, & HISAs First quarter 5,171 4,000 4,166 5.0 3,6
Slide 82: IG Wealth Management – key profitability drivers
IG Wealth Management – key profitability drivers Daily average assets ($B), advisory and Key revenue & expenses as bps of product & program fee rate (bps)1 respective driver (AUA or AUM)1 Excludes non-fee-bearing assets Excludes non-fee-bearing assets 161.7 157.8 2 150.5 97.4 98.4 Advisory fees 20.0
Slide 83: Mackenzie Investments net sales
Mackenzie Investments net sales Mackenzie adjusted investment fund net flows1 ($MM) Mackenzie adjusted investment fund net flows1 ($B) (LTM, as at April 30, 2026) First quarter Total Retail 2,256 729 8.0 527 625 445 290 256 72 59 6.0 (194) 4.0 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Month
Slide 84: Investment boutique retail investment fund performance and sales
Investment boutique retail investment fund performance and sales Fixed Quant Fundamental Equity Multi -Asset Other Income Equity Core Style/Thematic Global North Global Greenchip Fixed Multi-Asset Ivy Bluewater Cundill Growth Putnam2 ChinaAMC Quantitative American Equity & Resources (energy Income S
Slide 85: Mackenzie Investments – key profitability drivers
Mackenzie Investments – key profitability drivers Average AUM ($B), net asset m anagement fee rate 1 (bps) Net asset management fee rates 1 (as bps of respective AUM) 243.2 248.2 Sub-advisory and 230.7 AUM to Wealth 217.5 217.9 Management 75.8 73.3 72.6 Third-Party AUM 70.6 93.5 95.0 69.5 89.5 Third
Slide 86: Adjusted net earnings by segment and company
Adjusted net earnings available to common shareholders1 by segment and company ($MM) Corporate IGM Wealth management2 Asset management3 & other4 consolidated 5 2, 3 Q1/25 Q1/26 +20% 284.3 237.8 +24% 158.9 128.4 FVTOCI +9% 57.4 +13% +26% 52.6 27.5 31.1 27.0 34.1 (10%) 6.7 6.0 (4.3) (1.8) 1) A non-IFR
Slide 87: Indicative value per share
Indicative value per share Embedded value indicates upside to current share price Value methodology Value Value per Accounting 1 (P/E multiples as of Apr 30/26) ($MM) share Interest basis Current dividend yield 2 (April 30, 2026) EV (12.4x P/E + debt) 10,048 $43.26 EV ( 10.8x P/E + debt) 2 3,310 $14
Slide 88: Appendix
Tom sae Wealth Wealth Management Asset Management Appendix This way to S better
Slide 89: Industry operating environment and IG and Mackenzie net flows rates
Industry operating environment and IG and Mackenzie net flows rates Annual industry long -term net sales ($B) Long -term net flows rate as at December 31, 2025 (last twelve months trailing , % of average assets ) Mackenzie investment funds1,2 Mackenzie retail investment funds 2 Total Industry Indust
Slide 90: IGM Financial Q1, 2026 financial highlights
IGM Financial Q1, 2026 financial highlights Record high Q1 adjusted EPS 1 of $1.21, up 21.0% year-over-year with Adjusted EPS 1 Reported EPS diversified growth across wealth and asset management segments $1.21 $1.20 • Adjusted EPS excludes Great West other items which represented ($0.5MM) +2 1.0 % v
Slide 91: Summary: segment breakdown
Summary: segment breakdown Adj. earnings by segment 1 Strategic investments – interest and value need to be changed Q1/25 Adj. Q1/26 Adj. YoY Interest Accounting Q1/26 Net Indicative value Q1/26 Indicative $ millions earnings earnings change Q1/25 | Q1/26 basis carrying value assumption value Wealth
Slide 92: Rockefeller transaction demonstrates value for IGM shareholders
Rockefeller transaction demonstrates value for IGM shareholders Long -term strategic investment: IGM remains Rockefeller’s second-largest & sole wealth manager owner Transaction overview 1 IGM participation and pro -forma ownership • Significant milestone in Rockefeller recapitalization transaction
Slide 93: IGM Financial adjusted cash earnings & dividend payout ratio
IGM Financial adjusted cash earnings & dividend payout ratio 1,2 Dividend payout ratio 2,3 IGM Financial adjusted cash earnings (LTM) ($MM) Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 LTM 64% 1 Adjusted Net Earnings 237.8 252.7 301.2 301.4 284.3 1,139.5 Add: capitalized sales commission amortization 27.8 28.4 29.
Slide 94: 2026 expense guidance
2026 expense guidance (as presented at Q4/25) Guidance and outlook1: combined operations & support and business development expenses IGM consolidated 2 (year-over-year change) 2026 expense reclassification Effective Q1/26, certain investment management advisory expenses at Mackenzie 5-year tech & op
Slide 95: Adjusted net earnings and indicative value by company
Adjusted net earnings available to common shareholders1 and indicative value by company ($MM) Adjusted net earnings available to common shareholders1 3 1,182 3 1,093 2025 654 Analyst 582 Consensus 2 2026 239 264 FVTOCI 128 129 120 10 9 113 4 24 20 9 3 UNALLOCATED 2 3 OTHER CAPITAL 2026 analyst estim
Slide 96: IGM Financial debt / LTM adj. EBITDA
IGM Financial debt / LTM adj. EBITDA1 Total Debt ($MM) Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Long-term Debt 2,400.0 2,400.0 2,400.0 2,400.0 2,400.0 Gross debt 2,400.0 2,400.0 2,400.0 2,400.0 2,400.0 Adjust for: Unallocated capital1 (615.1) (610.3) (697.7) (996.5) (1010.9) 1 Net debt 1,784.9 1,789.7 1,702.3
Slide 97: IGM Financial net income to adj. net income reconciliation
IGM Financial net income to adj. net income reconciliation ($MM except EPS) Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Adjusted net earnings available to common 237.8 252.7 301.2 301.4 284.3 shareholders 1 Great West other items (4.0) (6.0) (3.1) (5.1) (0.5) Gain on partial sales of investment in associates, net