Fiscal 2021 Annual Report

Global Performance

By firmly entrenching our position as a leading independent mid-market investment bank and wealth management firm in each of our geographies, we have significantly increased the value of our Company.

$2.0 billion fiscal 2021 revenue
$2.48 fiscal 2021 diluted earnings per share(1)
214% year-over-year pre-tax net income(1) growth in fiscal 2021
25% year-over-year increase in common share dividend payout
15% fiscal 2021 reduction in average outstanding common shares

With a balanced business mix, our revenue and net income contributions are broad based, without concentration in any business or geography. Over the year, we have proven our ability to support substantially higher business activity levels over a relatively fixed cost base.

Fiscal 2021 Revenue by Division Fiscal 2021 Revenue by Division: CG Capital Markets: 66%; CG Wealth Management: 33%; Corporate and Other: 1%
Fiscal 2021 Revenue by Geography Fiscal 2021 Revenue by Geography: Canada: 39%; United States: 30%; UK & Europe: 19%; Australia: 12%
Income before Income Taxes(1) – Contributions by Business Segment (C$ millions, fiscal years ended March 31)
Income before Income Taxes – Contributions by Business Segment for the fiscal years ended March 31, in millions of Canadian dollars: 2021, CG Capital Markets: $324.9; 2021, CG Wealth Management: $135.3; 2020, CG Capital Markets: $59.8; 2020, CG Wealth Management: $80.2; 2019, CG Capital Markets: $80.4; 2019, CG Wealth Management: $75.4; 2018, CG Capital Markets: $62.5; 2018, CG Wealth Management: $57.5; 2017, CG Capital Markets: $46.4; 2017, CG Wealth Management: $29.5
Non-Compensation Expenses as a Percentage of Revenue(1) (Fiscal years ended March 31)
Non-compensation Expenses as a Percentage of Revenue for the fiscal years ended March 31: 2021: 19.0%; 2020: 29.6%; 2019: 28.4%; 2018: 28.0%; 2017: 31.5%
Total Expenses as a Percentage of Revenue(1) (Fiscal years ended March 31)
Total Expenses as a Percentage of Revenue for the fiscal years ended March 31: 2021: 80.6%; 2020: 89.9%; 2019: 88.6%; 2018: 89.2%; 2017: 93.0%
  • (1) These figures exclude significant items. Figures excluding significant items are non-IFRS measures. See Non-IFRS Measures and a reconciliation of net income under IFRS to net income excluding significant items in our annual MD&A.