Canaccord Genuity Group Inc Reports Fourth Quarter Fiscal 2019 Results.

TORONTO: During the fourth quarter of fiscal 2019, the quarter ended March 31, 2019, Canaccord Genuity Group Inc. (Canaccord Genuity, the Company, TSX: CF) generated $284.8 million in revenue. Excluding significant items (1), the Company recorded net income (3) of $16.6 million or net income of $14.5 million attributable to common shareholders (2) (earnings per common share of $0.12). Including all expense items, on an IFRS basis, the Company recorded net income (3) of $2.5 million or net income of $0.3 million attributable to common shareholders (2) (earnings per common share of $0.00).

During the fiscal year ended March 31, 2019, the Company generated $1.2 billion in revenue. Excluding significant items (1), the Company recorded net income (3) of $107.4 million or net income of $96.9 million attributable to common shareholders (2) (diluted earnings per common share of $0.80). Including all expense items, on an IFRS basis, the Company recorded net income (3) of $71.6 million or net income of $61.1 million attributable to common shareholders (2) (diluted earnings per common share of $0.48).

"This is our third consecutive year of meaningful year-over-year earnings growth, a testament to the work we have done to reshape our business to deliver more predictable contributions from stable businesses and verticals," said Dan Daviau, President & CEO of Canaccord Genuity Group Inc. "We have continued to advance our mid-market leadership in our North American capital markets businesses, and our wholly owned global wealth management operations are increasingly contributing a greater share of our profitability. With an improved market environment, the backdrop for our business activities is constructive as we begin the new fiscal year."

Fourth Quarter of Fiscal 2019 vs. Fourth Quarter of Fiscal 2018

Revenue of $284.8 million, a decrease of 11.6% or $37.3 million from $322.1 million

Excluding significant items, expenses of $262.6 million, a decrease of 2.7% or $7.3 million from $269.9 million (1)

Expenses of $279.3 million, a decrease of 13.9% or $45.1 million from $324.4 million

Excluding significant items, diluted earnings per common shares (EPS) of $0.12 compared to diluted EPS of $0.28 (1)

Excluding significant items, net income (3) of $16.6 million compared to net income (3) of $37.3 million (1)

Net income (3) of $2.5 million compared to a net loss (3) of $9.7 million

Diluted earnings per common share of $0.00 compared to a diluted loss per common share of $0.15

Fourth Quarter of Fiscal 2019 vs Third Quarter of Fiscal 2019

Revenue of $284.8 million, a decrease of 14.1% or $46.8 million from $331.6 million

Excluding significant items, expenses of $262.6 million, a decrease of 8.1% or $23.1 million from $285.7 million (1)

Expenses of $279.3 million, a decrease of 4.0% or $11.7 million from $291.0 million

Excluding significant items, diluted EPS of $0.12 compared to diluted EPS of $0.28 (1)

Excluding significant items, net income (3) of $16.6 million compared to net income (3) of $36.8 million (1)

Net income (3) of $2.5 million compared to net income (3) of $32.5 million

Diluted earnings per common share of $0.00 compared to diluted EPS of $0.25

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1 Figures excluding significant items are non-IFRS measures. See Non-IFRS measures on page 5.

2 Net income (loss) attributable to common shareholders is calculated as the net income (loss) adjusted for non-controlling interests and preferred share dividends.

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