Slide 1: Investor Presentation Q2 2026
RFAFINANCIAL RFA FINANCIAL Investor Presentation Q2 2026 TSX: RFA AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 1
Slide 2: Content Overview
Content Overview Content Overview 1 I N T R OD U CT I ON 04 2 E X E C U T I VE S U M M A R Y 05 3 F I N A N C I A L P E R FOR M A N C E 10 4 O P ER A T I O N A L O V ER V I EW 12 5 C L O S I N G R EM A R K S 18 AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PA
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 RFA Financial Management JOINING US TODAY BEN RODNEY JACLYN KOENIG MELODY LO President & Chief Executive Officer Chief Financial Officer Chief Operating Officer AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 4
Slide 5: Executive Summary
Executive Summary BEN RODNEY President & CEO AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 5
Slide 6: 3-5 Year Targets
CUMULATIVE ASSET SALES $1.3 - $1.5 BILLION 3-5 Year TOTAL LENDING ASSETS $8.0 - $12.0 BILLION Targets RFA BANK RETURN ON EQUITY LOW-TO-MID TEEN DOUBLE DIGITS % DELIVERING DISCIPLINED GROWTH & SUSTAINABLE VALUE OVER THE MEDIUM TERM. RFA BANK NET INCOME CAGR 40% - 50% PAYOUT RATIO TARGET <65% AUGUST 1
Slide 7: Strategic Growth Engine
Strategic Growth Engine Strategic Growth Engine CONVERTING ASSET MONETIZATION INTO SCALABLE FINANCIAL SERVICES GROWTH. GENERATE RETURNS KEY BENEFITS DEPLOY INTEREST INCOME & LENDING ASSET INITIAL CAPITAL CAPITAL MONETIZATION • Higher capital velocity = strong ROE (targeting low-to-mid teens %)1 ASSE
Slide 8: Q2 Spotlight
Q2 Spotlight AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 8
Slide 9: Significant Lease Secured With Institutional-Grade Tenant
Significant Lease Secured With Institutional-Grade Tenant Significant Lease Secured With Institutional-Grade Tenant L A R G E S T P R I V A T E - S E C T O R O F F I C E R E L O C A T I O N I N W I N N I P E G ’ S R E C E N T H I S T O R Y (1). 20 YR LEASE TERM | 120,000 SQFT C O M M I T T E D O C C
Slide 10: Financial Performance
Financial Performance JACLYN KOENIG Chief Financial Officer AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 10
Slide 11: Q2 2026 Financial Highlights
AGGREGATE SALE PRICE: DISPOSITIONS (1) $93.8 M CLOSED Q2 | REAL ESTATE SEGMENT Q2 2026 Financial Highlights Q2 2026 WEIGHTED-AVG LEASE RENEWAL RATES (1) 3.0% INCREASE | REAL ESTATE SEGMENT Financial NET INTEREST MARGIN 2.1% | FINANCIAL SERVICES SEGMENT (1)(2) Highlights CET1 RATIO (3) 1 7 . 5 % | FI
Slide 12: Operational Overview
Operational Overview MELODY LO Chief Operating Officer AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 12
Slide 13: Real Estate Portfolio
Real Estate Portfolio Real Estate Portfolio +3.0% WEIGHTED AVG WREEIN GTHATLE DR AATVEG R EONNT A LLE ARSAET E 76 Diversified Commercial & Residential S U S T A I N E D H I G H O C C U P A N C Y (2) RE ONNE L WEA RENEWALS(3) ALSSE( 3 ) Properties in Canada and the US 100.00% 8.7 Million Square Feet
Slide 14: $541 Million In Real Estate Disposition Activity
$541 Million In Real Estate Disposition Activity $541 Million In Real Estate Disposition Activity $231M $122M $188M +4.6% CLOSED UNCONDITIONAL CONDITIONAL INCREASE ON SALES YTD CONTRACTS CONTRACTS SALE PRICE AT 2.4% AT 9.0% AT OR ABOVE A B O V E I F R S (1) A B O V E I F R S (1) ABOVE IFRS I F R S (
Slide 15: Origination Growth
Origination Growth Origination Growth (1) (6) RECORD MONTH! RFA MORTGAGE YTD ORIGINATIONS GREW 35% YoY, REACHING $3.5 BILLION VS $2.6 BILLION IN 2025. CORP ACHIEVED $573M IN FUNDED ORIGINATIONS IN JUNE +35% $5.4 B 2026 YTD GROWTH VS PRIOR Y E A R (6) $4.1 B $3.5 B $3.2 B $3.1 B $2.8 B $2.5 B Q2-26 Q
Slide 16: Prime Residential: Proven Portfolio Resilience
Prime Residential: Proven Portfolio Resilience 0.032% MORTGAGE ARREARS RATE VS 0.29% CANADIAN MARKET AVERAGE. 0.350% 89% 89% 90% 0.300% 0.290% LOWER THAN LOWER THAN M A R K E T A V G (( 11 )) MARKET AVG 0.250% OF MORTGAGE OF MORTGAGE ARREARS ARREARS 0.200% 0.150% 790+ HIGH-QUALITY 0.100% BORROWERS:
Slide 17: RFA Bank: Resilient Credit Quality
RFA Bank: Resilient Credit Quality REALIZED LOSSES REPRESENTED JUST 0.08% OF AVERAGE MORTGAGE AND LOAN ASSETS. AVG MORTGAGE & LOAN ASSETS VS REALIZED LOSSES $3.0 B 0.08% $2.5 B OF AVG MORTGAGE $2.5 B & LOAN ASSETS $2.2 B WERE REALIZED AS C R E D I T L O S S E S (1) $2.0 B $1.5 B 698 STRONG $1.0 B AL
Slide 18: Closing Remarks
Closing Remarks BEN RODNEY President & CEO AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 18
Slide 19: Positioned to Deliver
1 ADVANCE ONGOING INTEGRATION SUCCESS Positioned ACCELERATE ORIGINATION GROWTH, FUELED 2 BY CURRENT MOMENTUM to Deliver 3 UPHOLD DISCIPLINED UNDERWRITING, RESULTING IN BELOW-MARKET REALIZED WRITE-OFFS EXECUTING WITH 4 EXECUTE ON DISPOSITION STRATEGY DISCIPLINE & MOMENTUM. 5 ROTATE CAPITAL INTO HIGHE
Slide 20: Q&A
Q&A AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 20
Slide 21: Heather Nikkel
HEATHER NIKKEL Global Investor Relations & Sustainability Leader investor.relations@rfa.ca TSX: RFA AUGUST 14, 2026 I N V E S TOR P RE S E N T AT ION | Q 2 2 0 2 6 RF A F I N A N C I A L PAGE 21