Royal Bank Of Canada · TSX:RY

Royal Bank Of Canada — Merger or Acquisition (March 2022)

11 slides from Royal Bank Of Canada's merger presentation, Mar 31, 2022

  1. Slide 1: Royal Bank of Canada to Acquire Brewin Dolphin

    Royal Bank of Canada to Acquire Brewin Dolphin Strategic Expansion of Global Wealth Management Footprint March 31, 2022 All amounts are in Canadian dollars unless otherwise indicated and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financ

  2. Slide 2: Caution Regarding Forward Looking Information

    Caution Regarding Forward Looking Information This presentation contains forward-looking statements within the meaning of certain securities laws, including the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legi

  3. Slide 3: Strategic expansion of global Wealth Management footprint

    Strategic expansion of global Wealth Management footprint 1 Transaction results in scale in three of the world’s largest asset pools 2 The transaction will create a Top 3 wealth manager in the UK & Ireland that will serve as platform for future growth in an attractive and consolidating market 3 Comp

  4. Slide 4: Transaction results in scale in three of the world's largest asset pools

    Transaction results in scale in three of the world’s largest asset pools C U.S. Wealth Management Wealth Management Canadian Wealth Management (including City National) UK & Ireland 6th largest U.S. wealth advisory firm, Top 3 UK & Ireland wealth manager, #1 HNW market share(1) ranked by AUA(2) rank

  5. Slide 5: Brewin Dolphin: A premium franchise with scale in a growing Wealth Management market

    Brewin Dolphin: A premium franchise with scale in a growing UK & Ireland Wealth Management market Overview Broad range of client value propositions and investment solutions(2)  Founded in 1762, Brewin Dolphin is one of the largest discretionary wealth managers in the UK & Ireland 1762 Complex  Fac

  6. Slide 6: Brewin Dolphin: Strong track record of profitable growth and client activity

    Brewin Dolphin: Strong track record of profitable growth and client activity AUM growth (£BN) Revenue growth (£MM) Discretionary funds per advisor (£MM)(1) +10% 5-YR CAGR +8% 5-YR CAGR +7% 5-YR CAGR 57 406 4 n.m. 48 7 1% 361 42 45 329 339 3 19% 43 305 3 33 40 6 3 80 5 282 25 28 4% 35 5 18 19% 14 21

  7. Slide 7: Brewin Dolphin will enhance and expand RBC's Wealth Management value proposition

    Brewin Dolphin will enhance and expand RBC’s UK & Ireland Wealth Management value proposition Assets Under Management (£BN)(1) Value proposition Pro forma as  Enhanced scale realized through 154 this transaction o Acquisition achieves scale in an attractive and consolidating 68 market 64 59 58 o Co

  8. Slide 8: Pathway to success

    Pathway to success Brewin Dolphin Initiative Trend Medium-term FY2021(1) UK, Channel Increase Discretionary funds Islands & Ireland advisor per advisor capacity £89MM Broad range of client value propositions and Foremost Discretionary funds investment solutions inflows Combined asset Revenue gathere

  9. Slide 9: Transaction overview: Long-term financial benefits

    Transaction overview: Long-term financial benefits Key Financial  515GBp per common share or ~£1.6BN Terms and  100% cash consideration valuation  P / AUM of 2.8%(1)  Cost synergies have been identified in overlapping functional and administrative areas and those related to Brewin Dolphin being

  10. Slide 10: Reconciliation for non-GAAP financial measures

    Reconciliation for non-GAAP financial measures Calculation of Brewin Dolphin adjusted profit before tax (PBT)(1) £ millions (unless otherwise stated) FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Profit before tax (PBT) and adjusted items 61.0 70.0 77.5 75.0 78.2 90.9 Adjusted items Acquisition costs (1

  11. Slide 11: Note to users

    Note to users We use a variety of financial measures to evaluate our performance. In addition to generally accepted accounting principles (GAAP) prescribed measures, we use certain key performance and non-GAAP measures we believe provide useful information to investors: • EPS excluding the impact of

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