Home Brand News CANACCORD GENUITY GROUP INC. REPORTS THIRD QUARTER FISCAL 2019 RESULTS

CANACCORD GENUITY GROUP INC. REPORTS THIRD QUARTER FISCAL 2019 RESULTS

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Excluding significant items, third quarter earnings per common share of $0.28(1) (All dollar amounts are stated in Canadian dollars unless otherwise indicated) TORONTO, February 13, 2019 – During the third quarter of fiscal 2019, the quarter ended December 31, 2018, Canaccord Genuity Group Inc. (Canaccord Genuity, the Company, TSX: CF) generated $331.6 million in revenue. Excluding significant items (1), the Company recorded net income (3) of $36.8 million or net income of $34.5 million attributable to common shareholders (2) (earnings per common share of $0.28). Including all significant items, on an IFRS basis, the Company recorded net income (3) of $32.5 million or net income attributable to common shareholders (2) of $30.1 million (earnings per common share of $0.25).


“We delivered another solid quarter of revenue growth in global capital markets and consistent results from our global wealth management operations, placing us firmly on track for another strong fiscal year performance,” said Dan Daviau, President & CEO of Canaccord Genuity Group Inc. “We have taken important steps to continue adding scale to our global wealth management businesses and strengthening our capital markets business, with confidence that our efforts will continue to translate into stronger and more sustainable returns for our shareholders.”
Third quarter of Fiscal 2019 vs. Third quarter of Fiscal 2018
 Revenue of $331.6 million, an increase of 7.2% or $22.2 million from $309.4 million
 Excluding significant items, expenses of $285.7 million, an increase of 10.2% or $26.5 million from $259.2
million (1)
 Expenses of $291.0 million, an increase of 10.8% or $28.4 million from $262.6 million
 Excluding significant items, diluted earnings per common share (EPS) of $0.28 compared to earnings per
common share of $0.31(1)
 Excluding significant items, net income (3) of $36.8 million compared to net income (3) of $39.2 million (1)
 Net income (3) of $32.5 million compared to net income (3) of $36.6 million
 Diluted EPS of $0.25 compared to diluted EPS of $0.29
Third quarter of Fiscal 2019 vs Second Quarter of Fiscal 2019
 Revenue of $331.6 million, an increase of 10.5% or $31.6 million from $300.0 million
 Excluding significant items, expenses of $285.7 million, an increase of 9.1% or $23.8 million from $261.9
million (1)
 Expenses of $291.0 million, an increase of 3.8% or $10.7 million from $280.3 million

 Excluding significant items, diluted EPS of $0.28 compared to diluted EPS of $0.23 (1)
 Excluding significant items, net income (3) of $36.8 million compared to net income (3) of $28.9 million (1)
 Net income (3) of $32.5 million compared to net income (3) of $13.1 million
 Diluted EPS of $0.25 compared to earnings per common share of $0.09
Year-to-Date Fiscal 2019 vs. Year-to-Date Fiscal 2018
(Nine months ended December 31, 2018 vs. Nine months ended December 31, 2017)
 Revenue of $905.8 million, an increase of 29.2% or $205.0 million from $700.8 million
 Excluding significant items, expenses of $792.4 million, an increase of 23.4% or $150.0 million from $642.4
million (1)
 Expenses of $823.5 million, an increase of 24.3% or $160.8 million from $662.8 million
 Excluding significant items, diluted EPS of $0.69 compared to diluted EPS of $0.33(1)
 Excluding significant items, net income (3) of $90.7 million compared to net income (3) of $44.3 million (1)
 Net income (3) of $64.2 million compared to net income (3) of $26.8 million
 Diluted EPS of $0.48 compared to an earnings per common share of $0.17
Financial Condition at end of Third quarter Fiscal 2019 vs. Fourth Quarter Fiscal 2018
 Cash and cash equivalents balance of $930.9 million, an increase of $68.1 million from $862.8 million
 Working capital of $644.4 million, an increase of $68.8 million from $575.6 million
 Total shareholders’ equity of $839.2 million, a decrease of $2.2 million from Q4/18
 Book value per diluted common share of $6.04, an increase of $0.33 from $5.71(4)
 On February 13, 2019, the Board of Directors approved a dividend of $0.01 per common share, payable on
March 15, 2019, with a record date of March 1, 2019
 On February 13, 2019, the Board of Directors approved the following cash dividends: $0.24281 per Series A
Preferred Share payable on April 1, 2019 with a record date of March 15, 2019; and $0.31206 per Series C
Preferred Share payable on April 1, 2019 with a record date of March 15, 2019

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