Canaccord Genuity Group Inc. · TSX:CF
Canaccord Genuity — Q2 2026 Earnings Presentation
31 slides from Canaccord Genuity's earnings presentation, Nov 14, 2025
Slide 1: Canaccord Genuity Group Inc. Investor Presentation
Canaccord Genuity Group Inc. Investor Presentation November 2025
Slide 2: Forward looking statements and non-IFRS measures
Forward looking statements and non-IFRS measures This document may contain ‘‘forward-looking statements’’ (as defined under applicable securities laws). These statements relate to future events or future performance and reflect management’s expectations, beliefs, plans, estimates, intentions and sim
Slide 3: About Canaccord Genuity Group Inc.
About Canaccord Genuity Group Inc. Driven to deliver superior outcomes for mid-market companies and investors $979 M $134 bn YTD REVENUE1 CLIENT ASSETS Comprehensive wealth management solutions Leading mid-market provider of investment $27 bn 194 helping individual investors, private clients and ban
Slide 4: Financial highlights
Financial highlights Q2 fiscal 2026: Three and six months ended September 30, 2025 Pre-tax Pre-tax Net Revenue1 Diluted EPS1 profit Income1,2 margin1 Q2 Fiscal 2026 530.4 M $59.8 M $0.27 11.3% 3 months ended +24.0% y/y +41.4% y/y +35.0% y/y +1.4 p.p. y/y September 30 H1 Fiscal 2026 6 months ended $9
Slide 5: Defensive revenue mix provides downside protection
Defensive revenue mix provides downside protection Increased contributions from Wealth Management and Advisory have helped to reduce our reliance on underwriting activity $2,041 $1,993 $1,890 $1,768 Significantly invested in growing our wealth $1,136 $832 $1,523 $1,480 $557 $616 management busines
Slide 6: Investments targeted towards key markets
Investments targeted towards key markets Disciplined focus on growing contributions from global wealth management and capital markets advisory Steadily increasing revenue contributions from wealth management Targeted investments to increase capital markets M&A revenue contributions C$ millions, fisc
Slide 7: Focused on improving expense management to create capacity for investments in growth
Focused on improving expense management to create capacity for investments in growth 28% of year-over-year increase is attributable to discretionary expenses $13.3M or 9.9% Y/Y increase C$ millions Fixed Expenses = $7.2 M Discretionary Expenses = $3.7 M Revenue/Investment Driven = $2.4 M $2.1 $4.2 $
Slide 8: Increasing employee ownership supports our partnership culture
Increasing employee ownership supports our partnership culture Independently governed Limited Partnership owned by Excellent progress towards our objective employees • 46.2% of outstanding shares held by senior officers, • Acquired approximately 9.7% of outstanding CF employee LTIP, and the employee
Slide 9: Global Wealth Management
Global Wealth Management An important source of earnings power and stability H1/26 CLIENT ASSETS H1/26 REVENUE H1/26 PRE-TAX NET INCOME1 H1/26 PRE-TAX PROFIT MARGIN1,2 $134 bn $512 M $93 M 18% Total Client Assets - C$ billions, Total Wealth Management Revenue Pre-tax net income (C$ millions) and pro
Slide 10: CG Wealth Management: Advancing core growth momentum
CG Wealth Management: Advancing core growth momentum Solid top-line performance as we continue to advance our organic and inorganic growth priorities in all regions H1/26 As at September 30, 2025 Pre-tax net Pre-tax profit Normalized Revenue Total client assets Fee-based assets Priority growth drive
Slide 11: Canada Wealth Management: Client assets increased 24% year-over-year
Canada Wealth Management: Client assets increased 24% year-over-year Positive inflows and market recovery drive continued AUA growth. Increasing contributions from fee-generating assets. AUA Movement Steadily increasing proportion of fee-generating assets C$ millions, fiscal years ended March 31 C$
Slide 12: UK Wealth Management AUM Movement
UK Wealth Management AUM Movement Continued growth in fee-based assets. Increase driven by market values AUM Movement Fee-Based Assets £ millions, fiscal years ended March 31 C$ millions, fiscal years ended March 31 H1/26 ended September 30 H1/26 ended September 30 $74,033 $69,246 +7.5% £2,054 £39,5
Slide 13: CG Global Wealth Management: Strengthening client assets and earnings contributions
CG Global Wealth Management: Strengthening client assets and earnings contributions On track to create substantial value in this segment INVESTING WITH DISCIPLINE TO ADVANCE OUR LONG-TERM EARNINGS POTENTIAL (Revenue in C$ thousands, F2021 F2022 F2023 F2024 F2025 H1/25 H1/26 AUA/AUM in C$ millions) P
Slide 14: HPS: A strategic and financial partner for our UK wealth management business
HPS: A strategic and financial partner for our UK wealth management business • HPS1 invested £125million (July 2021) and £65.3 million (May 2022) by way of convertible preferred shares • Management and employees of CGWM UK purchased £7.5 million of preferred shares alongside HPS in July 20212 • As a
Slide 15: CG Global Capital Markets: A powerful mid-market competitor
CG Global Capital Markets: A powerful mid-market competitor Diverse revenue streams provide stability and profitability through market cycles H1/26 REVENUE H1/26 TRANSACTIONS H1/26 PROCEEDS RAISED $453 M 194 $27 bn Total Capital Markets Revenue Revenue by Activity C$ millions, Fiscal years ended Mar
Slide 16: CG Global Capital Markets
CG Global Capital Markets Lean and focused platform, capable of driving value for clients in all market environments Excludes significant items1 F2022 F2023 F2024 F2025 H1/25 H1/26 DIFFERENTIATED GLOBAL PLATFORM Revenue $341,453 $148,356 $166,649 $182,966 $88,255 $97,008 Investments to increase M&A
Slide 17: CG Global Capital Markets
CG Global Capital Markets Disciplined mid-market focus, differentiated by scale, global capability, and stability Integrated capabilities provide unparalleled Disciplined focus in key growth sectors of the Deep regional expertise, differentiated by aftermarket support and facilitate lasting global e
Slide 18: Disciplined sector focus
Disciplined sector focus Allows us to provide globally integrated services and expertise throughout market cycles COMBINED ADVISORY & UNDERWRITING REVENUE BY SECTOR ALL GEOGRAPHIES – H1 2026 ALL CANADA U.S AUSTRALIA UK & EUROPE GEOGRAPHIES 21% of H1/26 46% of H1/26 20% of H1/26 13% of H1/26 Capital
Slide 19: Global Investment Banking
Global Investment Banking H1/26 Global Investment Banking Revenue by Sector Unparalleled origination and placement capability • Metals and mining remains most active sector, but diversification is improving as equity and IPO issuance picks up in Australia and North America Metals & Mining Other 22%
Slide 20: Global Advisory
Global Advisory H1/26 Advisory Revenue by Sector Increased advisory contributions support margin strength in global capital markets Other Life 21% Sciences • Despite a strong pipeline, trade-related uncertainties contributed to a decline in completion activity beginning in Q1/26, Consumer 4% primari
Slide 21: Global Distribution and Trading
Global Distribution and Trading Leading independent franchise for best-in-class execution capabilities • Q2 commissions & fees revenue improved by 22.2% to y/y to $$42.3M on higher client • Completed previously announced sale of U.S. wholesale market-making business activity levels in Australia, US
Slide 22: CG Principles of Corporate Social Responsibility and Sustainability
CG Principles of Corporate Social Responsibility and Sustainability ESG approaches to supporting the well-being of our employees, clients and communities Operate with Integrity Respect People and Communities Respect our Planet We are committed to conducting our business in We think locally and globa
Slide 23: CG in the Community
CG in the Community ‘The Greater Boston SEO FOOD BANKIPA. LONDON [7] yewerawowsy,, eg FOOD BANK OPPORTUNITY Va SECOND N > upReach } ‘onald McDonald fA HARVEST + cL Sac ity louse Charities’ Food Banks wr SEEDENTS tral ‘. stalin ‘CENTRALOKANAGAN ‘OF METROLINA Schulich Canada School of Business FOOD BA
Slide 24: (TSX:CF): An Excellent Investment Proposition
(TSX:CF): An Excellent Investment Proposition Driven to create enduring value for our employees, clients and shareholders Management and employees are in Strong balance sheet supports our complete alignment with capacity to invest in future growth shareholders Growing wealth management Increasing co
Slide 25: Analyst coverage
Analyst coverage Ventum Capital Cormark Securities Raymond James TD Securities Inc. Jeff Fenwick Markets Stephen Boland Graham Ryding Rob Goff Canaccord Genuity Group Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding the Company’s performa
Slide 26: Financial highlights
Financial highlights Three and six months ended September 30, 2025 Page 26
Slide 27: Consolidated financial performance: Three and six months ended September 30, 2025
Consolidated financial performance: Three and six months ended September 30, 2025 Underlying business performance reflects improved activity levels in our core focus sectors and disciplined expense management C$ millions, except EPS and ratios Q2/26 Q1/26 Q2/25 Q/Q Y/Y H1/26 H1/25 Y/Y Adjusted Reven
Slide 28: Consolidated results: Three and six months ended September 30, 2025
Consolidated results: Three and six months ended September 30, 2025 Improved business mix contributes to earnings stability through market cycles Y/Y Y/Y C$ thousands (except per share data) 1 Q2/26 Q1/26 Q/Q Change Q2/25 H1/26 H1/25 Change Change Revenue $530,420 $448,447 18.3% $427,619 24.0% $978,
Slide 29: Global Wealth Management
Global Wealth Management Three and six months ended September 30, 2025 Q/Q Y/Y Y/Y Wealth Management revenue by region1 C$ thousands (except percentages and client assets 2) Q2/26 Q1/26 Change Q2/25 Change H1/26 H1/25 Change C$ millions, fiscal quarters $269.4 Revenue - Canada $111,913 $94,093 18.9%
Slide 30: Global Capital Markets
Global Capital Markets Three and six months ended September 30, 2025 (C$ thousands except Q/Q Y/Y Y/Y percentages) Q2/26 Q1/26 Change Q2/25 Change H1/26 H1/25 Change Commissions & Fees $42,278 $41,048 3.0% $34,600 22.2% $83,326 $72,587 14.8% Capital Markets Revenue by region C$ millions, fiscal quar
Slide 31: Solid Capital Position
Solid Capital Position Well capitalized for continued investment in our strategic priorities Q2 2026 Q1 2026 C$ millions (except for per share amounts and numb er of shares) % Change (As at September 30, 2025) (As at June 30, 2025) Strong, liquid balance sheet protects our ability Working Capital(
Canaccord Genuity Group — Q2 2026 Earnings Presentation on 6ix