Ia Financial Corporation Inc. · TSX:IAG
Ia Financial — Merger or Acquisition (July 2025)
17 slides from Ia Financial's merger presentation, Jul 28, 2025
Slide 1: iA Financial Group to acquire RF Capital Group
iA Financial Group to acquire RF Capital Group Strengthening iA’s position in the Canadian independent wealth management space
Slide 2: Conference Call Participants
Conference Call Participants DENIS RICARD ÉRIC JOBIN PIERRE MIRON STEPHAN BOURBONNAIS DAVE KELLY President and Chief Executive Vice-President, Executive Vice-President Executive Vice-President, President and Chief Executive Officer Chief Financial Officer Chief Growth Officer Wealth Management Execu
Slide 3: Strategic acquisition of RF Capital Group: Enhances shareholder value
Strategic acquisition of RF Capital Group: Enhances shareholder value • Partnership adds more than $40B in AUA and 189 advisors Expanded Scale and Reach • Increases iA Wealth’s advisory network to over 2,750 partners with a combined ~$175B in AUA1,2 • Aligned with iA Financial Group’s (“iA”) long-te
Slide 4: Transaction summary
Transaction summary • iA to acquire 100% of the common shares of RF Capital for $20.00 per share • iA also to acquire 100% of the Series B preferred shares of RF Capital Purchase Price • Equates to 6.7x last 12 months fully synergized EBITDA† at March 31, 20251 • Purchase price of $597M2 represents
Slide 5: RF Capital at a glance
RF Capital at a glance • Founded in 2009, RF Capital is one of the Distinguished Brand $40B largest independent wealth AUA management firms in Canada • Offers comprehensive wealth management services: investment, (TSX:RCG) 189 / 143 100% Number of financial planning, insurance, and tax & advisors /
Slide 6: Strengthening our position in the Canadian independent wealth space
Strengthening our position in the Canadian independent wealth space Select non-bank wealth management peers, by total assets under administration ($B) + = $175 $146 $130 $135 $118 $102 $85 $88 $50 $55 $40 $40 $43 $20 $24 $15 6
Slide 7: Increased scale: Coast-to-coast distribution
Increased scale: Coast-to-coast distribution National distribution with deep advisor ties #1 non-bank to local communities across Canada dealer (AUA) iA Pre-Acquisition Richardson Wealth 2,750+ Alberta iA Post-Acquisition independent advisors coast-to-coast Advisors: 148 + 37 = 185 AUA: $8B + $9B =
Slide 8: Giving advisors options to operate their business in the structure best suited to their needs
Giving advisors options to operate their business in the structure best suited to their needs Highly complementary products and technology platforms for accelerated growth Three Complementary Business Models Financial Full-Service Full-Service Advisory Dealer Investment Dealer Investment Dealer $70B
Slide 9: Unlocking compelling synergy opportunities
Unlocking compelling synergy opportunities Integration will be focused on areas of scalability, driving value The transaction across both organizations without disrupting front-line operations is expected to generate meaningful Revenue Synergies Cost Synergies synergies while allowing RF ✓ Three com
Slide 10: Shareholder value creation
Shareholder value creation $597M Purchase price financed 6.7x $60M Transaction through cash on hand1 a 6.7x last 12 months fully Transaction and integration costs Details synergized EBITDA expected to be incurred over the Represents a multiple of 1.5% of RF as of March 31, 20252,3 first three years
Slide 11: Aligned with our growth strategy
Aligned with our growth strategy Review of iA Wealth’s growth levers as presented The acquisition of at 2025 Investor Event RF Capital propels growth strategy forward, in line with the vision shared at our 2025 Investor Focus on organic Foster advisor Leverage positioning Event growth from our reten
Slide 12: Key takeaways
Key takeaways Positions iA as a Highly Aligned with iA’s leader in the non- complementary long-term strategy bank independent business models to drive scalable space: #1 by AUA add scale in the growth in and 2,750+ advisors large and fast distribution growing high-net- worth segment 12
Slide 13: Appendix
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Slide 14: Footnotes
Footnotes Slide 3 1. iA Financial Group assets under management and assets under administration are supplementary financial measures. Refer to the “Non-IFRS and Additional Financial Measures” section of this document and of the Q1/2025 MD&A for more information. 2. As of March 31, 2025 for iA, as of
Slide 15: Non-IFRS and Additional Financial Measures
Non-IFRS and Additional Financial Measures iA Financial Corporation (hereinafter referred to as the “Company”) reports its financial results and statements in accordance with IFRS® Accounting Standards (referred to as “IFRS” in this document). The Company also publishes certain financial measures or
Slide 16: Forward-looking statements
Forward-looking statements This document contains statements relating to strategies used by iA Financial Group or statements that are predictive or otherwise forward-looking in nature, that depend upon or refer to future events or conditions, or that include words such as “may”, “will”, “could”, “sh
Slide 17: July 28, 2025
July 28, 2025
iA Financial Group — Merger or Acquisition (July 2025) on 6ix