September 3, 2014

IGM FINANCIAL Scotiabank Financials Summit

2

Caution Concerning Forward Looking Statements

Certain statements in this report other than statements of historical fact, are forward-looking statements based on certain assumptions and reflect IGM Financial’s current

expectations. Forward-looking statements are provided to assist the reader in understanding the Company’s financial position and results of operations as at and for the

periods ended on certain dates and to present information about management’s current expectations and plans relating to the future. Readers are cautioned that such

statements may not be appropriate for other purposes. These statements may include, without limitation, statements regarding the operations, business, financial condition,

expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of the Company, as well as the outlook

for North American and international economies, for the current fiscal year and subsequent periods. Forward-looking statements include statements that are predictive in

nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “bel ieves”, “estimates”, “seeks”, “intends”, “targets”,

“projects”, “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

This information is based upon certain material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-

looking statements, including the perception of historical trends, current conditions and expected future developments, as well as other factors that are believed to be

appropriate in the circumstances. While the Company considers these assumptions to be reasonable based on information currently available to management, they may prove

to be incorrect.

By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts,

predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.

A variety of material factors, many of which are beyond the Company’s, and its subsidiaries’ control, affect the operations, performance and results of the Company, and its

subsidiaries, and their businesses, and could cause actual results to differ materially from current expectations of estimated or anticipated events or results. These factors

include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in North America and internationally, interest and foreign

exchange rates, global equity and capital markets, management of market liquidity and funding risks, changes in accounting policies and methods used to report financial

condition (including uncertainties associated with critical accounting assumptions and estimates), the effect of applying future accounting changes , operational and

reputational risks, business competition, technological change, changes in government regulations and legislation, changes in tax laws, unexpected judicial or regulatory

proceedings, catastrophic events, the Company's ability to complete strategic transactions, integrate acquisitions and implement other growth strategies, and the Company’s

and its subsidiaries’ success in anticipating and managing the foregoing factors.

The reader is cautioned that the foregoing list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. The reader is also cautioned to

consider these and other factors, uncertainties and potential events carefully and not place undue reliance on forward-looking statements.

Other than as specifically required by applicable Canadian law, the Company undertakes no obligation to update any forward-looking statements to reflect events or

circumstances after the date on which such statements are made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or

results, or otherwise.

Additional information about the risks and uncertainties of the Company’s business and material factors or assumptions on which information contained in forward-looking

statements is based is provided in its disclosure materials filed with the securities regulatory authorities in Canada, available at www.sedar.com.

3

• Net earnings available to common shareholders, which is an additional measure in accordance

with IFRS, may be subdivided into two components consisting of:

– Operating earnings available to common shareholders; and

– Other items, which include the after-tax impact of any item that management considers

to be of a non-recurring nature or that could make the period-over-period comparison of

results from operations less meaningful.

• This report may also contain non-IFRS financial measures. Non-IFRS financial measures are

used to provide management and investors with additional measures of performance. However,

we caution that non-IFRS financial measures do not have standard meanings prescribed by

IFRS and are not directly comparable to similar measures used by other companies. Specific

instances of such measures that may be referred to within this document include “Operating

Earnings”, “Operating Earnings per Share” and “Earnings before Interest and Taxes” (EBIT).

• We refer you to the appropriate reconciliation in the Management’s Discussion and Analysis of

these non-IFRS financial measures to measures prescribed by IFRS.

Non-IFRS Financial Measures

4

Please refer to the following documents relating to IGM Financial for a more comprehensive

summary of the corporation’s business and results:

• Interim reports for the quarters ended March 31, 2014 and June 30, 2014

• 2013 Annual Report

• 2013 Annual Information Form

• Press releases subsequent to June 30, 2014

These documents are available on the Company’s website at www.igmfinancial.com and/or at

www.sedar.com.

IGM Financial Public Disclosures

5

1. Overview

2. Investors Group

3. Mackenzie Investments

4. Summary

6

IGM Financial Overview

• Comprehensive personal

planning delivered through long-

term client and Consultant

relationships

• Approx. 4,900 Consultants

• $72.9 billion mutual fund AUM

• Investment management and

related services offered through

diversified investment solutions

• > 30,000 third party advisors

• $49.1 billion mutual fund AUM

• $71.1 billion total AUM

• Integrated personal

financial services company

• > 900 financial advisors

• > $22 billion assets under

administration

• $3.7 billion mutual fund AUM

IGM Financial manufactures and distributes financial products and services

through its three subsidiaries, with an emphasis on financial advisors.

AUM refers to assets under management

As at July 31, 2014

0

25

50

75

100

125

150

IGM Financial Assets Under Management

Chart reflects actuals to July 31, 2014.

IGM Financial Assets Under Management ($ Billions)

7

Mutual

Funds

Total

$142.1 billion at

July 31, 2014

$125.8 billion at

July 31, 2014

During 2014, IGM Financial’s mutual fund assets under management have

increased to $125.8 billion, reflecting a 6.9% increase year to date and a

record month-end high.

2014 2010 2011 2012 2013

IGM Financial Distribution

8

IGM Financial enjoys broad and diversified distribution capabilities with an

emphasis on financial advisors across Canada.

9

Value of Advice – CIRANO Research

No advice

4-6 years of advice

7-14 years of advice

15+ years of advice

Difference in household financial assets attributable to financial advice

2.73X 1.99X 1.58X

CIRANO research provides quantitative evidence of significant advantages for

advised households.

Source: An econometric analysis of the value of advice in Canada, by Claude Montmarquette, CIRANO, 2012

10

Real Return of a GIC

1 Year GIC Rate Less Inflation

Pe

rce

nt

Source: Bloomberg

-4

-3

-2

-1

0

1

2

3

4

Dec-97 Dec-99 Dec-01 Dec-03 Dec-05 Dec-07 Dec-09 Dec-11 Dec-13

After adjusting for inflation, recent history of 1-year GIC rates has not been very

attractive for Canadians with many periods of negative real returns.

TotalCanadian

wealth

Residential mortgages

Other household credit

Financial wealth (incl. non-

discretionary)

Realestate

Non-discretionary

fin. assets

Equity in privatebusinesses

$9.8T

-$1.7T

Financialwealth byproduct

Mutual Funds and

Segregated Funds

Wraps

Discretionary management

Stocks & bonds

GICs/GIAs

Savings deposits

$3.1T

Financialwealthby age

<45

45-64

65+

$3.1T

$0-100K

$100-500K

$500K-1M

$1-2M

$2-5M

$5M+

$3.1T

Financialwealth byhousehold

wealth level

11

Canadian Household Wealth

Significant opportunity for long term investments with over $1.2 trillion or

40% of Canadian household wealth on the side-lines in GICs and deposits.

Financial wealth concentrated in high net worth and retiree market with

complex financial planning needs.

Over $1.2T

Source: Investor Economics. As at December 31, 2012.

12

1. Overview

2. Investors Group

3. Mackenzie Investments

4. Summary

13

Investors Group Consultant Network

Number of Investors Group Consultants

As at December 31 (unless otherwise indicated)

Investors Group Consultants have been providing comprehensive financial plans

for clients for over 85 years, through an exclusive network of approximately 4,900

Consultants. The Consultant Network grew by 140 during Q2, 2014.

+208

+198

2005 2006 2007 2008 2009 2010 2011 2012 Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14

3,668

3,917

4,331

4,479

4,633 4,686 4,608

4,518 4,465 4,550 4,599 4,673 4,731

4,871

14

Investors Group Consultant Initiatives

Stronger offer for new

Consultants

Division and Regional

Directors income alignment

More Associates and Teams

More effective Consultant

succession planning

Enhanced Financial

Planning Focus

Client service survey

During October, 2013 Investors Group launched a group of initiatives aimed at

enhancing its current and future success in Consultant Network development.

October 2013

Announced

Enhancements

5.1

2014 YTD

Investors Group Client Experience

Investors Group Client Account Rate of Return Experience (%)

15

The median Investors Group client return was approximately 12.2% during 2013

and 5.1% year to date 2014.

12.2

0

5

10

15

20

25

2013 Annual

90% of clients

had returns

within this range

Median

Returns

8%

9%

10%

11%

12%

13%

5.0

5.5

6.0

6.5

7.0

7.5 Gross Sales

Redemptions

Redemption rate on long-term funds

Investors Group LTM Mutual Fund Sales

16

Investors Group has experienced continuing sales momentum, with gross

sales improving during the last twelve months and the redemption rate

declining.

Mutual Fund Gross Sales and Redemptions

(Last Twelve Month Trailing - $ Billions) Redemption Rate

2014 2011 2012 2013

Most recent data point reflects the twelve months ending June 2014.

Comprehensive Financial Planning

17

Investors Group continues to experience strong growth in its distribution of

insurance and mortgage products.

2011 2012 2013 2014

734

1,182 1,170

1,566

2011 2012 2013 2014

25.0 25.8 27.1 25.7

31.0

34.7 35.9

32.1

New Annualized Insurance Premiums

Six months ended June 30

($ Millions)

Mortgage Originations

Six months ended June 30

($ Millions)

Group

Insurance

Individual

Insurance

18

Investors Group Investment Management

There have been a number of changes and enhancements to Investors Group’s

investment management capabilities.

Winnipeg

Toronto

Montreal

Dublin

Hong Kong

• Jeff Singer was appointed

Executive Vice-President & Chief

Investment Officer – October, 2013

• Dom Grestoni retired

on June 30, 2014

• Martin Downie assumed

portfolio manager responsibility

for Investors Dividend Fund

• Les Grober hired as Head of

Asset Allocation and will oversee

all asset allocation strategies at

Investors Group – August, 2014

• Seamus Kelly joined the

Dublin portfolio management

team during September, 2014

• Nick Scott hired as Head of

Asian Equities and will be leading

Investors Group’s Hong Kong

investment team – July, 2014

19

1. Overview

2. Investors Group

3. Mackenzie Investments

4. Summary

Mackenzie’s Vision and Strategy

20

Mackenzie has affirmed its vision and established a number of strategic

priorities to drive future business success.

EFFECTIVE RESOURCE UTILIZATION

Mac

ken

zie’

s St

rate

gic

Pri

ori

ties

21

Mackenzie Leadership Team Changes

Mackenzie has implemented a number of senior management personnel

changes to achieve its strategic priorities.

Brian Gooding Appointed

Executive Vice-President

Head of Distribution

• Strategic Alliances and

Mackenzie Institutional

under one leader

− Chris Boyle Appointed

Senior Vice-President

Institutional

− Damon Murchison Appointed

Senior Vice-President

Retail Sales

Product and marketing functions separated into two distinct

teams with new leadership

Distribution Marketing Investment

Management Product

Michael Schnitman Appointed

Senior Vice-President

Product

Su McVey Appointed

Senior Vice-President

Marketing

Tony Elavia Executive Vice-President

Chief Investment Officer

• Investment management

team and process

enhancements

− Alain Bergeron Appointed

Asset Allocation Team

Lead

− Darren McKiernan Appointed

Global Equity & Income

Team Lead

− Konstantin Boehmer Appointed

Portfolio Manager, Fixed

Income

22

Mackenzie Investment Management Teams

Mackenzie’s assets under management are diversified across 10 investment

teams with different asset classes, management styles and mandates.

Investment Team Asset Class Management Style # of Mutual

Funds Managed1

All Cap Value Equity All cap value 11

Asian Fixed Income Fixed Income Asian credit 2

Asset Allocation N/A Managed assets 23 2

Cundill Equity Deep value 15

Fixed Income Fixed Income Canadian and global fixed income 21 3

Global Equity & Income Equity Global equity and income 11

Growth Equity Growth 14

Ivy Equity Quality growth 13

Large Cap GARP Equity Large cap GARP 2

Resource Equity Natural resources & precious

metals 4

1. As at June 30, 2014 and excludes Quadrus funds.

2. Mackenzie Asset Allocation Team is responsible for the oversight of Mackenzie’s balanced funds, managed asset

programs, diversified fund-of-fund strategies and concentrated funds of best ideas.

3. Includes funds where the Mackenzie Fixed Income Team manages the fixed income portion of balanced funds.

1 & 2 Stars 3 Stars 4 & 5 Stars

35% 37%

28%

19%

55%

26% Mackenzie

All Morningstar-Rated

Mackenzie Investment Performance

23

Morningstar Ratings – Proportion of Morningstar-Rated Funds

(As at June 30, 2014)

1

Source: Morningstar

1. Excludes Quadrus funds.

Mackenzie continues to deliver solid investment performance, 81% of

mutual funds managed by Mackenzie reside in funds with a 3, 4 or 5 star

Morningstar rating.

Mackenzie Product Innovation

24

SERIES D

New mutual fund series sold exclusively

through the discount brokerage channel

Mackenzie Investments is dedicated to creativity and innovation in our products

and services.

Dec, 2008 Dec, 2009 Dec, 2010 Dec, 2011 Dec, 2012 Dec, 2013 Jul, 2014

35.8 40.6 43.4

39.1 40.4 46.0 49.1

18.9

23.024.9

22.5 21.1

19.3

22.054.7

63.6 68.3

61.7 61.5 65.3

71.1

Mackenzie Assets Under Management

1. Includes sub-advisory, separately managed and other institutional accounts.

2. Includes mutual funds, asset allocation programs and funds of funds.

Mackenzie has approximately $71.1 billion in assets under management.

Mackenzie is focused on providing investment management and service

excellence to a diverse range of distribution channels and end clients.

Mutual Funds

Institutional

34% 36% 36% 36% 34% 30% 31% Institutional % of AUM

25

1

2

Mackenzie Assets Under Management

($ Billions)

Mackenzie Mutual Fund Gross Sales

26

2008 2009 2010 2011 2012 2013 YTD 2014

10%

30% 26% 23%

36%26% 24%

21%

16% 26% 29%

29%

33% 37%

54%

44%39% 37%

31% 39% 38%

15%10% 9% 11%

5%

Mackenzie’s investment style and expertise diversity ensures the company’s

product shelf remains relevant through every stage of the market cycle and

through changes in investor preferences.

1. Prior periods have been adjusted to remove the impact of significant rebalancing activity.

2. Year to date June 30, 2014.

1

Sector / other

Equity

Income Oriented

Balanced

2

Gross Sales Mix of Long Term Mutual Funds by Asset Class

Twelve months ended December 31 (unless otherwise indicated)

27

Mackenzie LTM Mutual Fund Sales

Mackenzie has experienced continuing strong sales momentum, with net sales

of $245 million in the last twelve months, a significant improvement relative to

last year.

2014 2011 2012 2013

Mutual Fund Gross Sales and Redemptions

(Last Twelve Month Trailing - $ Billions)

2014 2011 2012 2013

Mutual Fund Net Sales

(Last Twelve Month Trailing - $ Billions)

1. Q4, 2013 mutual fund flows include $405 million of gross sales, $247 million of redemptions and $158 million of net sales related to

institutional rebalancing during the period.

2. Q4, 2012 mutual fund flows include $556 million of gross sales, $620 million of redemptions and $64 million of net redemptions related to

institutional rebalancing during the period.

1,2 1,2

4.0

4.5

5.0

5.5

6.0

6.5

7.0

7.5

8.0

Gross Sales

Redemptions

Redemption rate on long-term funds

245M

(3.0)

(2.0)

(1.0)

0.0

1.0

28

1. Overview

2. Investors Group

3. Mackenzie Investments

4. Summary

29

IGM Financial Summary

As at August 26, 2014

Market

Capitalization

• Listed on TSX as ticker “IGM” with a market capitalization of $13.2 billion

• Largest publicly traded asset manager in Canada and sixth largest global

asset manager as measured by market capitalization

Dividend Yield

Ownership

• Dividend yield of 4.1%

• 2nd highest dividend yield of all Canadian financial services firms

• Part of the Power Financial group of companies, which includes Great

West Life, London Life, Canada Life, Irish Life and Putnam Investments

2.93

2.96

3.02

3.07

3.12

Jun 30,

2013

Sep 30,

2013

Dec 31,

2013

Mar 31,

2014

Jun 30,

2014

741

748

764

777

790

Jun 30,

2013

Sep 30,

2013

Dec 31,

2013

Mar 31,

2014

Jun 30,

2014

IGM Financial Operating Earnings

30

IGM Financial has a track record of solid financial performance.

IGM Financial Operating Earnings

Last Twelve Months Trailing ($ millions)

IGM Financial Operating Earnings Per Share

Last Twelve Months Trailing ($)

September 3, 2014

IGM FINANCIAL Scotiabank Financials Summit