September 5, 2012

IGM FINANCIAL Scotiabank GBM 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 for the purposes of assisting 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 and 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”, “believes”, “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.

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 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 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 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 is provided in its disclosure materials fi led 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, 2012 and June 30, 2012

• 2011 Annual Report

• 2011 Annual Information Form

• Press releases subsequent to June 30, 2012

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 manufactures and distributes financial products and services

through its subsidiaries.

• Listed on TSX as ticker “IGM”

• Market Capitalization of $9.9 billion

• Float of $3.8 billion

• Dividend yield of 5.56%

• Second largest mutual fund manager in Canada, with $100 billion in mutual fund

AUM and $117 billion in total AUM.

• Broad and diversified distribution, with an emphasis on financial advisors.

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

Life, London Life, Canada Life and Putnam Investments.

Overview

1. At August 28, 2012

2. Ranked according to total mutual fund assets under management per IFIC (as at June 30, 2012)

3. At July 31, 2012

4. Sixth largest global asset manager as measured by market capitalization

1

1

1,4

3

2

Operating Companies

1. At June 30, 2012.

2. At July 31, 2012. IGM Financial total assets under management excludes sub-advisory mandates of Mackenzie to mutual funds

managed by Investors Group and Counsel.

3. Client savings advised upon by financial planners and held at subsidiary mutual fund dealers, investment dealers or trust companies.

IGM Financial operates through three subsidiaries and has total assets under

management of approximately $117 billion.

$58.2 billion $2.9 billion

$59.6 billion

Distribution

Assets Under

Administration

Assets Under

Management

>4,500 exclusive Investors

Group financial planners

>800 financial planners

Core Businesses Financial planning &

investment management

Investment management Financial planning &

investment management

Third party retail (>30,000

planners) and institutional

$60.2 billion N/A $16.0 billion

Products &

Services

The PlanTM, mutual funds,

insurance, securities, mortgages,

SolutionsBankingTM

Mutual funds, asset allocation

programs, institutional pools,

strategic charitable giving,

separately managed accounts

Financial planning, mutual

funds, insurance,

securities, banking

1,3

2

1

2

7

60

70

80

90

100

110

120

130

140

Dec-08 Dec-09 Dec-10 Dec-11 Dec-12

IGM Financial Assets Under Management

During 2012, IGM Financial’s mutual fund assets under management have

increased to $100.1 billion, up 0.4% year to date.

Annual Average

1. Chart reflects actuals to July 31, 2012.

Mutual Funds

Total

$117.0 billion at

July 31, 2012

$100.1 billion at

July 31, 2012

IGM Financial Assets Under Management ($ Billions)

8

9

Value of Advice – CIRANO Research

Robust &

Independent

Survey

Database

• Canada’s largest and most systematic survey of households’ financial lives (10,505

households in the initial survey, 3,610 respondents in follow-up), including:

- Financial/socio-economic situation

- Savings and investment behaviour

- Attitudes towards savings and advice

- Type and tenure of advice

Data Analysis

&

Econometric

Modelling

• Conducted by CIRANO, an internationally recognized research group in applied econometrics

• Research headed by professor Claude Montmarquette, President and CEO of CIRANO

• Controlling for other correlated economic and demographic factors isolates the value of advice

Study

Findings

&

Insights

• The CIRANO work demonstrates that advice has sizeable and positive impact on

financial assets which increases with tenure of advice:

• 4-6 years with advisor – 158% of non-advised assets

• 7-14 years with advisor – 199% of non-advised assets

• 15+ years with advisor – 273% of non-advised assets

1. CIRANO Report “Econometric Models on the Value of Advice of a Financial Adviser” July, 2012.

10

1. Overview

2. Investors Group

3. Mackenzie Investments

4. Summary

11

Investors Group Consultant Network

Investors Group Consultants have been providing comprehensive financial plans

for clients for over 85 years, through exclusive network of 4,500 Consultants.

The number of Investors Group Region Offices has grown 61% since 2004,

supporting the continued growth of the Investors Group Consultant Network.

67

7479

86

9295

101106 108

2004 2005 2006 2007 2008 2009 2010 2011 2012

Investors Group Region Offices

As at December 31 Investors Group Consultants Across Canada

1. Includes two new Region Office openings, Calgary, Alberta and Ancaster, Ontario, announced to date during 2012.

1 Pro Forma

2010 2011 2012

687734

1,182

Comprehensive Financial Planning

New Annualized Insurance Premiums

Six months ended June 30 ($ Millions)

Mortgages Originations

Six months ended June 30 ($ Millions)

2010 2011 2012

27.3

31.0

34.7

Investors Group continues to experience strong growth in its distribution of

insurance and mortgage products.

12

(2.6)

(9.0)

2.3

4.7

(3.6)

(20)

(15)

(10)

(5)

0

5

10

Q2 / 11 Q3 / 11 Q4 / 11 Q1 / 12 Q2 / 12

Investors Group Client Experience

Investors Group Client Rate of Return (%)

Note - Different clients experience different returns based upon portfolio composition and net contributions.

90% of clients had

returns within this

range

Median Client Rate of Return

13

The median client return was approximately (3.6%) during the second quarter

of 2012 and positive 0.9% year to date.

2,136

2,625

2,906

3,448

3,999

3,410

2,532

3,196

3,451

3,140

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Investors Group Mutual Fund Sales

Mutual Fund Gross Sales

Six Months Ended June 30 ($ Millions)

14

Investors Group had gross sales of $3.1 billion during 2012 year to date.

0%

4%

8%

12%

16%

20%

Dec-02

Dec-03

Dec-04

Dec-05

Dec-06

Dec-07

Dec-08

Dec-09

Dec-10

Dec-11

Dec-12

Industry excluding Investors Group

Investors Group

Source – IFIC

1. All numbers exclude CI Investments and Invesco from the date that they discontinued reporting to IFIC. CI discontinued

reporting to IFIC during December, 2008 and Invesco discontinued reporting to IFIC during October, 2010.

Investors Group Mutual Fund Redemption Rate

Redemption Rate on Long Term Mutual Funds

(Last Twelve Month Trailing % of Average Assets Under Management)

9.4%

15.9%

1

15

Driven by strong retention of Consultants and clients, Investors Group

continues to experience a long term mutual fund redemption rate that is well

below the industry average.

16

1. Continuing to expand the Investor Group Consultant network

• 41% growth in the number of Investors Group Consultants since June, 2004

2. Enhancing our product and service offering

• Recent enhancements to management fees

• Introduction of new investment solutions for high net worth clients

3. Emphasizing the delivery and value of comprehensive financial planning

• Value of advice

• Growth in non-mutual fund products

Investors Group – Areas of Focus

17

1. Overview

2. Investors Group

3. Mackenzie Investments

4. Summary

18

Mackenzie is focused on providing investment management and service

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

Mackenzie Investments

– Diversification across

distribution channels,

clientele and product types.

– Common focus of delivering

investment excellence and a

superior client experience.

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

35.8 40.6 43.4

39.1 39.1

18.9

23.024.9

22.5 20.5

54.7

63.6

68.3

61.7 59.6

Mackenzie Assets Under Management

Mackenzie Assets Under Management

($ Billions)

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

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

Institutional assets represent slightly more than one-third of Mackenzie

Investments’ total assets under management.

Mutual Funds

Institutional

34% 36% 36% 36% 34% Institutional % of AUM

2

19

1

20

Mackenzie Asset Diversification

Mackenzie Investments’ assets under management are diversified by mandate,

asset class, geography, brand and investment style.

Foreign Equity

28.8%

Domestic Balanced

16.7%

Fixed Income

22.5%

Money Market

4.0%

Domestic Equity

25.1%

Foreign Balanced

2.9%

Mackenzie Investments Total Assets Under Management by Asset Class

As at June 30, 2012

2008 2009 2010 2011 2012 YTD

8%

41%

36%

14%

24%

14%

11% 12%

9% 9%

12% 11%

Saxon / Maxxum

Mackenzie Mutual Fund Gross Sales

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.

Gross Sales Mix of Long-Term Funds by Mackenzie Sub-Brand

Twelve months ended December 31 (unless otherwise indicated)

Cundill

Ivy

Universal

Sentinel

Symmetry & other

1. Excludes Quadrus Funds

2. 2012 YTD reflects year to date gross sales as of June 30, 2012

3. Includes Symmetry, Destination Funds, Founders Funds and other funds

3

1,2

21

1 Year 3 Year 5 Year

48%

56%58%

53% 54%

62%

% of assets under management

% of funds

Mackenzie Investment Performance

58% of Mackenzie’s mutual fund assets reside within funds which have had

first or second quartile performance over the last five years.

Source: Morningstar

Mackenzie Mutual Funds in First or Second Quartile

As at June 30, 2012 • Five Lipper awards received

this year.

– Sentinel Income best ten

year performance

Canadian Fixed Income

Balanced

• Mackenzie Ivy investment

team recognized at the 2011

Morningstar Canadian

Investment Awards.

– Paul Musson awarded

Morningstar Foreign

Equity Fund Manager of

the Year.

– Mackenzie Ivy European

Class named Best

European Equity Fund

(4th consecutive year).

22

23

1. Focusing on investment management

• Divestiture of the MRS group of companies and Winfund to focus exclusively on core investment

management business

• 62% of funds in first or second quartile over the last five years

2. Expanding distribution capabilities

• Exclusive distribution of mutual funds through Laurentian Bank branches effective January, 2013

• Added resources to the distribution team and re-aligned sales teams to focus on retail, platform and

institutional clients

• Continued focus on and expansion of institutional capabilities and re-branded the business unit

Mackenzie Institutional

Mackenzie – Areas of Focus

24

1. Overview

2. Investors Group

3. Mackenzie Investments

4. Summary

0.70

0.89

1.12

1.35

1.58

1.852.01

2.31

2.56

2.85

3.23

2.89

2.34

2.89

3.22

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

IGM Financial has a track record of solid financial performance.

IGM Financial Operating Earnings Per Share ($)

1. 2010 and 2011 reflect IFRS, prior periods reflect previous Canadian GAAP.

25

3038

4961

73

86

99

115

134

154

178

200205 205

210215

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Pro

Forma

26

15 year CAGR of 14%

1. At August 28, 2012

2. 2012 Pro Forma reflects the current 53.75 cent per share quarterly dividend annualized.

2

IGM Financial Dividends

Strong track record of dividend payments over time, current dividend yield

of 5.56%. 1

IGM Financial Dividends Per Share (cents)

150

375

125 150

175 150

200

150

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

IGM Financial manages its capital conservatively.

• Long-term debt and preferred share repayments are staggered across maturities.

• $1.1 billion in long term debt and preferred shares repaid from 2009 to 2011, partially

re-financed with $725 million of new debt issued.

no maturity

IGM Financial Capital Management

Long Term Debt and Preferred Share Maturities at June 30, 2012 ($ Millions)

Issued during 2009 and 2010

27

453513 540 538 536

525

631 610

694 722

72

118 70

157 186

2007 2008 2009 2010 2011

IGM Financial repurchased $186 million of common shares during 2011 under

its Normal Course Issuer Bid.

IGM Financial Capital Management

IGM Financial Common Dividends Paid and Share Repurchases

Twelve months ended December 31 ($ Millions)

Dividends

Share

Repurchases

28

September 5, 2012

IGM FINANCIAL Scotiabank GBM Financials Summit