#1CIBC◇ Investor Presentation May 26, 2022#2Forward-Looking Statements - A NOTE ABOUT FORWARD-LOOKING STATEMENTS: From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this Investor Presentation, in other filings with Canadian securities regulators or the SEC and in other communications. All such statements are made pursuant to the "safe harbour" provisions of, and are intended to be forward-looking statements under applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements made in the "Financial performance overview - Economic outlook", "Financial performance overview - Significant events", "Financial performance overview - Financial results review", "Financial performance overview - Review of quarterly financial information”, “Financial condition – Capital management”, “Management of risk - Risk overview", "Management of risk - Top and emerging risks", "Management of risk - Credit risk", "Management of risk - Market risk", "Management of risk - Liquidity risk", "Accounting and control matters Critical accounting policies and estimates", "Accounting and control matters - Accounting developments", and "Accounting and control matters - Other regulatory developments" sections of this report and other statements about our operations, business lines, financial condition, risk management, priorities, targets and commitments (including with respect to net-zero emissions), ongoing objectives, strategies, the regulatory environment in which we operate and outlook for calendar year 2022 and subsequent periods. Forward-looking statements are typically identified by the words "believe", "expect", "anticipate", "intend", "estimate", “forecast”, “target”, “objective" and other similar expressions or future or conditional verbs such as "will", "should", "would" and "could". By their nature, these statements require us to make assumptions, including the economic assumptions set out in the "Financial performance overview - Economic outlook" section of this report, and are subject to inherent risks and uncertainties that may be general or specific. Given the continuing impact of the coronavirus (COVID-19) pandemic and the war in Ukraine on the global economy, financial markets, and our business, results of operations, reputation and financial condition, there is inherently more uncertainty associated with our assumptions as compared to prior periods. A variety of factors, many of which are beyond our control, affect our operations, performance and results, and could cause actual results to differ materially from the expectations expressed in any of our forward-looking statements. These factors include: the occurrence, continuance or intensification of public health emergencies, such as the COVID-19 pandemic, and any related government policies and actions; credit, market, liquidity, strategic, insurance, operational, reputation, conduct and legal, regulatory and environmental risk; currency value and interest rate fluctuations, including as a result of market and oil price volatility; the effectiveness and adequacy of our risk management and valuation models and processes; legislative or regulatory developments in the jurisdictions where we operate, including the Organisation for Economic Co-operation and Development Common Reporting Standard, and regulatory reforms in the United Kingdom and Europe, the Basel Committee on Banking Supervision's global standards for capital and liquidity reform, and those relating to bank recapitalization legislation and the payments system in Canada; amendments to, and interpretations of, risk-based capital guidelines and reporting instructions, and interest rate and liquidity regulatory guidance; the resolution of legal and regulatory proceedings and related matters; the effect of changes to accounting standards, rules and interpretations; changes in our estimates of reserves and allowances; changes in tax laws; changes to our credit ratings; political conditions and developments, including changes relating to economic or trade matters; the possible effect on our business of international conflicts, such as the war in Ukraine, and terrorism; natural disasters, disruptions to public infrastructure and other catastrophic events; reliance on third parties to provide components of our business infrastructure; potential disruptions to our information technology systems and services; increasing cyber security risks which may include theft or disclosure of assets, unauthorized access to sensitive information, or operational disruption; social media risk; losses incurred as a result of internal or external fraud; anti-money laundering; the accuracy and completeness of information provided to us concerning clients and counterparties; the failure of third parties to comply with their obligations to us and our affiliates or associates; intensifying competition from established competitors and new entrants in the financial services industry including through internet and mobile banking; technological change; global capital market activity; changes in monetary and economic policy; general business and economic conditions worldwide, as well as in Canada, the U.S. and other countries where we have operations, including increasing Canadian household debt levels and global credit risks; climate change and other environmental and social risks; inflationary pressures; global supply-chain disruptions; our success in developing and introducing new products and services, expanding existing distribution channels, developing new distribution channels and realizing increased revenue from these channels; changes in client spending and saving habits; our ability to attract and retain key employees and executives; our ability to successfully execute our strategies and complete and integrate acquisitions and joint ventures; the risk that expected benefits of an acquisition, merger or divestiture will not be realized within the expected time frame or at all; and our ability to anticipate and manage the risks associated with these factors. This list is not exhaustive of the factors that may affect any of our forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on our forward-looking statements. Any forward-looking statements contained in this report represent the views of management only as of the date hereof and are presented for the purpose of assisting our shareholders and financial analysts in understanding our financial position, objectives and priorities and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes. We do not undertake to update any forward-looking statement that is contained in this Investor Presentation or in other communications except as required by law. CIBC Investor Relations contacts: Geoff Weiss, Senior Vice-President 416 980-5093 Visit the Investor Relations section at www.cibc.com/en/about-cibc/investor-relations.html 2#3About CIBC CIBC CIBCO CIBCO CIBCO#4A Leading Canadian Financial Institution $64B 11 MM 48K 11.7% REPORTED 5.9% ADJUSTED 8.8% MARKET-CAP1 CLIENTS1 EMPLOYEES CET1 RATIO1 PPPT EARNINGS 5-YR CAGR² OUR GOAL TOP SCORING MOBILE BANKING APP 7 OF THE PAST 8 YEARS³ OUR STRATEGIC PRIORITIES Elevating the client experience in an increasingly digital world Deliver superior client experience and top-tier shareholder returns while maintaining our financial strength + OUR PURPOSE To help make our clients' ambitions a reality CIBC Focusing on high-growth, high-touch client segments Investing in future differentiators within faster growing markets Note: All amounts are in Canadian dollars unless otherwise indicated. 1 As of 4/30/2022. 2 Rolling 5-year compound annual growth rate on Pre-Provision Pre-Tax Earnings (PPPT) as of Q2/22. 3 Forrester Digital Experience Review: Canadian Mobile Banking Apps for 2021. 4#5Our Strategic Business Units • Canadian Personal & Business Banking Providing clients across Canada with financial advice, products and services through advice centres, mobile, online and remote channels Helping our clients achieve their ambitions each and every day . Canadian Commercial Banking & Wealth Management High-touch, relationship-oriented commercial banking and wealth management, and asset management U.S. Commercial Banking & Wealth Management High-touch, relationship-oriented commercial, personal and small business banking, and wealth management services Building and enhancing client relationships and generating long-term consistent growth • Developing deep, profitable relationships leveraging full complement of products and services Capital Markets Integrated global markets products and services, investment banking, corporate banking solutions and top-ranked research. Includes Direct Financial Services to deliver digitally enabled capabilities. Delivering best-in-class insight, advice and execution Personal Banking Affluent Business Banking • Entrepreneurs CIBC Affluent High-Net- DIVERSE CLIENTELE Worth ⚫ Entrepreneurs Middle-Market Companies Entrepreneurs . Governments High-Net-Worth ⚫ Entrepreneurs ⚫ Middle- Market Companies • Corporates Governments . Personal Banking Affluent ⚫ Business Banking Entrepreneurs Middle- Market Companies • Corporate • Government ⚫ Institutional · 67 571 465 490 5#6Why Invest in CIBC? Strong execution of strategy accelerating profitable growth Diversified businesses with leading Canadian and growing U.S. platform $ Flexible, strong balance sheet and prudent risk management CIBC MP ન Culture of connectivity and innovation delivering leading high-touch, modern-day solutions Established competitive advantages in faster growing, future differentiators An ESG strategy focused on creating positive change Leadership driving a culture of accountability and continuous improvement 6#7* Strong Execution of Strategy Accelerating Profitable Growth Medium-term financial objectives Earnings Growth Return on Equity Operating Leverage2 Dividend Payout Ratio² TSR Target¹ 5%-10% 15%+ Positive 40%-50% Outperform S&P/TSX Composite Banks Index Basel III CET1 Ratio Strong buffer to regulatory minimum Diluted EPS ($) 5.83 6.11 3 5.96 5.60 Q1 Return on Common Shareholders' Equity (%) Operating Leverage (%) 6.96 7.23 02 17.4 5.3 16.6 Q3 1.54 1.68 14.5 15.4 16.1 16.7 15.2 4.85 Q4 14.0 3.2 2.4 11.7 4.11 1.88 1.98 3.64 3.81 10.0 0.2 0.7 1.78 1.79 1.62 1.77 (0.6) (1.5) 1.78 1.79 2.01 2.04 (1.8) (4.0) 2018 2019 2020 2021 2022 2018 2019 2020 2021 Q2/22 2018 2019 2020 2021 (4.0) Q2/22 Reported Adjusted Reported Adjusted Reported Adjusted Dividend Payout Ratio (%) 45.5 43.4 70.7 60.0 49.4 45.4 49.9 46.9 41.8 40.3 2018 2019 2020 2021 Q2/22 Reported Adjusted CIBC Rolling five-year TSR (%) 4 CET1 Ratio (%) 12.1 12.4 11.4 11.6 11.7 66.0 65.3 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 CIBC S&P/TSX Composite Banks Index 2018 2019 2020 2021 Q2/22 Adjusted results are non-GAAP financial measures. See slide 58 for further details 1 Medium term targets are defined as three to five years, assuming a normal business environment and credit cycle 2 Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on pages 101 and 102 in the 2021 Annual Report, available on SEDAR at www.sedar.com 3 All per common share amounts reflect the share split, and prior periods have been restated for comparative purposes. 4 Over a rolling five-year period. 7#8Diversified Businesses with Leading Canadian and Growing U.S. Platform 48% Net Income by Strategic Business Unit¹ 37% F16 $4.3B 26% Q2/22 LTM $6.5B 23% CIBC 1 Does not include Corporate & Other 2% U.S. Region 2%2 28% ■ Personal & Business Banking U.S. Commercial & Wealth Cdn. Commercial & Wealth ■Capital Markets 2 Net income for the U.S. Commercial Banking and Wealth Management segment and Capital Markets U.S. region results as a percentage of net income for the entire Bank 30% 14% U.S. Region 22%2 8#9Flexible, Strong Balance Sheet and Prudent Risk Management Strong Capital Ratios (%) Strong Credit Ratings Agency Rating¹ 16.1 16.2 14.9 15.0 15.3 Moody's Aa2 (Senior2 A2), Stable 11.4 11.6 12.1 12.4 11.7 S&P Fitch 2018 2019 2020 2021 Q2/22 CET1 Ratio Total Capital Ratio DBRS Liquidity Coverage Ratio (LCR) (%) 124 134 131 134 125 24 A+ (Senior2, A-), Stable AA (Senior2, AA-), Stable AA (Senior2 AA(low)), Stable PCL Ratio on Impaired (bps) 16 11 10 10 Q2/18 Q2/19 Q2/20 Q2/21 Q2/22 For the quarter ended April 30, 2022, our three-month daily average LCR was 125% compared to 134% for the same period last year. The decrease was driven by improving economic conditions and the return of our LCR to pre-pandemic levels. Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 CIBC 1 Moody's Long-Term Deposit and Counterparty Risk Assessment Rating; S&P Issuer Credit Rating; Fitch Long-Term Deposit Rating and Derivative Counterparty Rating; DBRS Long-Term Issuer Rating. 2 Subject to conversion under the bank recapitalization "bail-in" regime. 3 Regulatory disclosure of Liquidity Coverage Ratio was effective the first quarter after Jan/15. 9#10M Culture of Connectivity and Innovation Delivering Leading High-Touch, Modern-Day Solutions CIBC CIBCO CIBC Square, CIBC's new global headquarters Leveraging technology and data to modernize and enhance client experience • • • CIBC GoalPlanner, our comprehensive financial planning platform, driving improved mutual fund net flow and client experience scores New installment option feature with VISA on qualifying purchases during checkout, building on the-popularity of CIBC's post-purchase installment plan, CIBC Pace-It CIBC Insights, a new feature utilizing Al and machine learning to provide mobile banking clients with insights to make more informed financial decisions Digital identity verification, offering fast, easy and secure onboarding for new CIBC clients using our website or mobile banking app Innovative solutions to support growth • • • Continued investment in our travel and non-travel cards to further enhance our offer and provide flexibility to our clients Introduced new products in our Direct Financial Services business, including U.S. dollar accounts, new and expanded services in remittances and foreign exchange Together with NEO Exchange and CIBC Mellon, launched the first-ever Canadian Depositary Receipts, allowing Canadians to invest in global companies through fractional share ownership with a built-in notional currency hedge Investing in leading edge technologies • Cloud-first strategy enabling faster, real time, data-driven decisions and enhancing the client experience 10#11Established Competitive Advantages in Faster Growing, Future Differentiators • • • • Direct Financial Services Offering digital-first banking services with Simplii, CIBC Investor's Edge, and our Alternate Solutions Group (FX payment solutions) Building deep and loyal relationships with digitally savvy clients who prefer self-serve options Delivering double digit revenue growth through a continued focus on innovation and delivering fintech- like services • Agile and modular approach to strategy and technology Leveraging data analytics to enrich the client experience and drive personalized client offerings • Innovation Banking Providing capital and strategic advice to the North American innovation economy Strong momentum with annual growth in excess of 100% Growing our team to support new client acquisition and serve the needs of our key sponsor relationships Differentiated cross-border business model, with increased connectivity driving high conversion rates on wealth management referrals . Renewables and Sustainable Finance Dedicated expertise and finance to support our corporate clients in their sustainability goals О 32% of Canadian market share in sustainability-linked loans; top Canadian bookrunner¹ Top 10 ranking in financing for the renewable industry across North America² Founding member of Carbonplace, a blockchain- enabled transaction settlement platform in the voluntary carbon markets First bank to launch ESG-linked MLGICs³ Ranked A- among the top-tier of global banks for climate action by CDP CIBC 1 Bloomberg Data & League Table for CIBC's fiscal 2021. 2 North American Renewables League Tables by Inframation for transactions that closed from January 1, 2021 to September 30, 2021 3 Market-linked guaranteed investment 11#12An ESG Strategy Focused on Creating Positive Change Ambitions in Action We're activating our resources to create positive change for our team, our clients, our communities and our planet, contributing to a more secure, equitable and sustainable future where everyone's ambitions are made real. We are putting our environmental, social, and governance (ESG) commitments into action by: CIBC◇ Building integrity and trust We act with integrity and transparency to maintain the trust that clients have placed in us. Creating access to opportunities We partner to build equitable and resilient communities where ambitions are more attainable for all. Accelerating climate action We support solutions to address climate change, to help transition to a sustainable, lower carbon future. 12#13Leadership Driving a Culture of Accountability and Continuous Improvement CIBC Victor Dodig President & CEO Joined: 2005 Read bio > Hratch Panossian SEVP & CFO 2011 Read bio > Shawn Beber SEVP & Chief Risk Officer 2002 Read bio > Michael Capatides SEVP & Group Head, U.S. Region President & CEO, CIBC Bank USA 1996 Read bio > Laura Dottori- Attanasio SEVP & Group Head, Personal & Business Banking, Canada 2013 Read bio > Jon Hountalas SEVP & Group Head, Commercial Banking & Wealth Management, Canada 2010 Read bio > Harry Culham SEVP & Group Head, Capital Markets 2008 Read bio > Christina Kramer SEVP, Technology, Infrastructure & Innovation 1987 Read bio > Sandy Sharman SEVP & Group Head, People, Culture & Brand 2014 Read bio > Kikelomo Lawal EVP & Chief Legal Officer 2020 Read bio > 13#14Engaged and Diverse Board of Directors... CIBC◇ Katharine Stevenson Chair of the Board, CIBC Former Sr. Financial Exec., Nortel Networks 2011 Michelle Collins President, Cambium LLC 2017 Ammar Aljoundi President & Chief Executive Officer, Agnico Eagle Mines Limited 2022 Charles Brindamour Chief Executive Officer, Intact Financial Corp. 2020 Nanci Caldwell Forner EVP & Chief Marketing Officer, Peoplesoft, Inc. 2015 Luc Desjardins President & CEO, Superior Plus Corp. 2009 Victor Dodig President & CEO, CIBC 2014 Kevin Kelly Former Lead Director, Ontario Securities Comm. 2013 Christine Larsen Former Sr. Advisor to the CEO, First Data Corp 2016 Nicholas Le Pan Former Superintendent, Financial Inst. CAN 2008 Jane Peverett Former President & CEO, BCTC 2009 Mary Lou Maher Canadian Managing Partner, KPMG 2021 Martine Tourcotte Barry Zubrow President, ITB Former Vice Chair, Quebec of BCE & Bell Canada 2014 LLC 2015 14#15...with Deep Industry Expertise and Capabilities Supporting our Long- Term Profitable Growth Strategy Senior Leadership Position Strategy Financial Services Financial Expertise Risk Management / Risk Governance Corporate Responsibility for ESG Legal / Regulatory / Compliance 50% FEMALE DIRECTORS 100% 79% 79% 93% 79% INDEPENDENCE 71% 71% 64% Public / Government Relations 64% Human Resources Management / Compensation 57% 7 YEARS AVERAGE TENURE 71% CAN 29% U.S. GEOGRAPHICAL MIX Information Technology 43% CIBC◇ 15#16Continuous Improvement Driving Shareholder Value Winning at Relationships Growth Metrics 2018 Q2/22 Loans ($B) 382 502 Deepening Client Experience Deposits ($B) 461 665 to Drive Growth AUA ($B) 2,304 2,918 US CIBC Private Wealth #4 by Barron's (Registered Investment Advisor) W E LU Deepening Commercial & Strategic Client relationships simplii FINANCIAL #1 by Ipsos Financial Service Excellence Award 2 Efficiency Metrics 2018 Q2/22 N DOWER Investing in Process Improvements to Drive Efficiency Reported Efficiency Ratio Adjusted Efficiency Ratio 57.5% 57.9% 55.6% 55.8% Sales to Service Ratio¹ 63.3% 66.2% CIBC #1 in Mobile Banking (2nd year in a row) S Meeting client needs both sides of the border Strategic partnership with leading retailer COSTCO WHOLESALE CIBC 1 Sales to Service Ratio is defined as the number of sales or advisory roles divided by the number of service and administrative roles. 2 Simplii is tied for 1st in Ipsos Customer Satisfaction Index 2021 & 2022 Q2 16#17Financial Performance CIBC CIBCO CIBCO CIBCO#18Solid returns to shareholders... Diluted EPS1,2,4 ($) Q1 Return on Equity 1.2 (%) Q2 6.96 7.23 17.4 Q3 16.6 6.11 5.83 5.96 5.60 1.54 1.68 Q4 15.4 14.5 16.7 16.1 15.2 14.0 4.85 4.11 1.88 1.96 11.7 10.0 3.64 3.81 1.78 1.79 1.62 1.77 1.78 1.79 2.01 2.04 2018 2019 2020 2021 2022 Reported Adjusted 2018 2019 2020 2021 Q2/22 Reported Adjusted Pre-Provision Pre-Tax Earnings 1.2 ($B) 8.81 7.58 7.77 8.14 8.18 8.48 7.76 7.38 1.93 2.11 2.14 2.24 4.74 4.85 2.18 2.20 2.26 2.34 2.24 2.26 2.48 2.51 2018 2019 2020 2021 2022 Reported Adjusted CIBC Dividend Payout Ratio 1.2.3 (%) 70.7 Q1 2889 Q2 Q3 Q4 49.9 45.5 43.4 46.9 60.0 49.4 45.4 41.8 40.3 2018 2019 2020 2021 Q2/22 Reported Adjusted 1 Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q2/22 Report to Shareholders. 2 Results were affected by COVID-19 pandemic economic impacts. 3 Common dividends paid as a percentage of net income after preferred dividends and premium on preferred share redemptions. 4 All per common share amounts reflect the share split, and prior periods have been restated for comparative purposes. 18#19...generated through investments in top-line growth and improving efficiency... 17.8 18.1 18.6 18.7 Revenue (TEB) 1.3 ($B) Q1 20.0 20.2 18.7 18.9 5.1 5.1 0880 Non-Interest Expenses 1.3 ($B) Q2 11.4 11.5 Q2 11.2 Q3 10.9 10.3 10.4 10.6 Q3 10.1 Q4 3.1 3.0 Q4 5.1 5.1 10.9 10.9 5.4 5.4 4.9 5.0 5.0 5.0 5.5 5.5 2018 2019 2020 2021 2022 2018 2019 Reported Adjusted² Efficiency Ratio (TEB) 1.3 (%) 60.6 57.5 58.3 57.6 57.9 55.6 55.5 55.8 55.4 55.8 5.5 5.3 5.4 5.1 2018 2019 2020 2021 Q2/22 Reported Adjusted ² CIBC 2020 Reported Adjusted 2.9 2.8 6.1 6.0 3.1 3.0 2.8 2.7 2.7 2.7 3.0 3.0 2021 2022 Net Income 1,3 ($B) Q1 6.7 6.4 1.4 1.6 2839 Q2 Q3 Q4 4.4 3.8 1.7 1.8 3.4 3.5 1.7 1.7 1.5 1.7 1.6 1.6 1.9 1.9 2018 2019 2020 2021 2022 Reported Adjusted 1 Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q2/22 Report to Shareholders. 2 TEB = Taxable Equivalent Basis - a non-GAAP financial measure representing the gross up of tax-exempt revenue on certain securities to an equivalent before-tax basis to facilitate comparison of NII from both taxable and tax-exempt sources. 3 Results were affected by COVID-19 pandemic economic impacts. 19#20...underpinned by a commitment to balance sheet strength... Basel III CET1 Ratio (%) 11.4 11.6 12.1 Basel III Total Capital Ratio (%) 16.1 16.2 15.3 12.4 11.7 14.9 15.0 2018 2019 2020 2021 Q2/22 2018 2019 2020 2021 Q2/22 Basel III Leverage Ratio (%) 4.3 4.3 2018 CIBC◇ 2019 4.7 2020 Liquidity Coverage Ratio (%)¹ 4.7 134 124 4.2 2021 Q2/22 Q2/18 Q2/19 131 Q2/20 134 125 Q2/21 Q2/22 1 For the quarter ended January 31, 2022, our three-month daily average LCR was 125% compared to 134% for the same period last year. The decrease was driven by improving economic conditions and the return of our LCR to pre-pandemic levels. 20 20#21...and prudent risk management 31 34 Allowance for Credit Losses/Gross Loans 1,2 0.51% 0.45% 2018 2019 25 0.89% 2020 Loan Loss Ratio 2,3,4 (bps) 29 25 25 26 29 23 0.64% 0.58% 2021 Q2/22 61 33 26 25 16 16 4 2016 2017 2018 2019 Impaired Total Reported Total Ratio 2020 2021 COVID-19 Pandemic Q2/22 17 CIBC◇ 1 Allowance for credit losses to gross carrying amount of loans. The gross carrying amount of loans include certain loans that are measured at FVTPL. 2 Results were affected by COVID-19 pandemic economic impacts. 3 Fiscal years 2016 and 2017 are under IAS 39. Effective November 1, 2017, we adopted IFRS 9. 4 The ratio is calculated as the provision for credit losses on loans to average loans and acceptances, net of allowance for credit losses. 21#22Lending portfolio is well positioned Overall Loan Mix (Outstanding) Consumer 63% Real Estate Secured Lending 56% $502B Cards 3% Personal Lending 3% Auto Lending 1% • • Nearly two-thirds of our portfolio is consumer lending composed mainly of mortgages, with uninsured having an average loan-to-value of 46% The balance of our portfolio is in business and government lending with an average risk rating equivalent¹ to a BBB, with minimal exposure to the leisure and entertainment sectors Commercial Canadian Uninsured Mortgage Loan-To-Value Ratios Real Estate 10% Retailers 1% Oil & Gas 1% 54% 53% Leisure & 51% Entertainment 1% 51% 49% 49% 46% Other Business & Government 24% 46% 47% 44% 45% 43% Business & Government 37% Q2/19 Q2/20 Q2/21 Q2/22 -Canada GVA GTA CIBC 1 Incorporates security pledged; equivalent to S&P/Moody's rating of BBB/Baa2 22#23Financial Highlights: Canadian Personal and Business Banking Net Income 1.2 ($B) 2.49 2.50 0.60 0.61 1.79 1.79 0.64 0.64 1.18 1.27 0.60 0.60 0.50 0.58 Q1 Pre-Provision Pre-Tax Earnings 1.2 ($B) Q2 3.74 3.75 Q3 3.61 3.62 Q3 Q4 28RQ Q1 Q2 Q4 0.98 0.99 0.94 0.94 1.98 2.01 0.95 0.96 0.88 0.88 0.65 0.65 0.69 0.70 0.94 0.94 1.03 1.04 2020 2021 2022 2020 2021 2022 Reported Adjusted Reported Adjusted 54.4 54.3 CIBC 2020 Efficiency Ratio 1,2 (%) 54.2 54.0 2021 Reported Adjusted NIM1.2 (%) 55.8 55.0 2.35 2.35 2.21 2.21 2.19 2.18 Q2/22 2020 2021 Reported Adjusted Q2/22 1 Adjusted results are non-GAAP measures. See non-GAAP section of CIBC's Q2/22 Report to Shareholders. Certain prior period amounts have been revised. 2 Results were affected by economic impacts from COVID-19 pandemic. 23#24Growing digital engagement and adoption1 Digital Adoption Rate² 4.5% Active Digital Banking Users³ (MM) 33.4% 79.7% 4.4 75.2% Q2/21 Digital Transactions4 (MM) Q2/22 Q2/21 Transactions by Channel 4 6.7% 127 7.4% 119 53 50 17 16 53 58 Digital Channel Usage (# of Sessions, MM) 5.8 251 7.7% 270 Q2/22 Q2/21 Q2/22 6.7% 92.6% 93.3% Q2/21 Q2/22 Q2/21 Q2/22 5 ■ eTransfers ■ Bill Payments ■ Other ■Digital Channel ■Non-Digital Channel CIBC 1 Canadian Personal Banking excluding Simplii Financial. 2 Digital Adoption Rate calculated using 90-day active users. 3 Active Digital Users represent the 90-day Active clients in Canadian Personal Banking. 4 Reflect financial transactions only. 5 Other includes transfers and eDeposits. 24#25Financial Highlights: Canadian Personal and Business Banking Real Estate Secured Personal Loans 1 ($B) 217.9 17.6 CIBC 2020 238.1 2021 261.8 11.8 Q2/22 2020 Other Personal and Business Loans 1 ($B) 2020 3.0 18.2 3.1 19.8 3.3 2021 Other Personal Loans Q2/22 Business Loans 1 Results were affected by economic impacts from COVID-19 pandemic. Certain prior period information has been revised. 170.8 Credit Card Loans 1 ($B) 13.2 10.8 2021 Q2/22 Deposits 1 ($B) 201.1 187.9 2020 2021 Q2/22 25 25#26Financial Highlights: Canadian Commercial Banking and Wealth Management Net Income 1,2 ($B) 1.67 0.44 102 Q3 Q4 1.94 Pre-Provision Pre-Tax Earnings 1.2 ($B) Q1 2.23 Q2 Q3 Q4 0.59 CIBC 1.20 2020 52.9 2020 0.94 0.47 0.48 0.40 1.27 0.59 0.65 0.53 0.52 0.62 2022 2020 2021 2022 0.46 0.35 2021 Efficiency Ratio 1.2 (%) 52.3 2021 NIM² (%) 3.36 3.25 50.2 3.17 Q2/22 2020 2021 Q2/22 1 Metrics are on a reported and adjusted basis. Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q2/22 Report to Shareholders. 2 Results were affected by economic impacts from COVID-19 pandemic. 26#27Financial Highlights: Canadian Commercial Banking and Wealth Management Average Loans¹ ($B) 86.4 2.6 68.2 1.9 72.8 2.1- 71.1 Average Deposits1 ($B) 92.9 83.6 9.8 8.3 6.9 83.8 83.1 66.3 70.7 75.3 64.1 2020 2021 Commercial Banking Loans 288 2020 CIBC Q2/22 2020 Wealth Management Loans Wealth Management: AUA² ($B) 357 2021 2021 Q2/22 Wealth Management Deposits Commercial Banking Deposits 341 189 Q2/22 2020 Wealth Management: AUM² (SB) 230 2021 1 Results were affected by COVID-19 pandemic economic impacts. 2 Assets Under Management (AUM) amounts are included in the amounts reported under Assets Under Administration (AUA). 220 Q2/22 27 22#280.93 0.27 0.26 Financial Highlights: U.S. Commercial Banking and Wealth Management Net Income 1,2 ($B) 0.98 Q1 Pre-Provision Pre-Tax Earnings 1.2 ($B) Q1 Q2 1.14 Q2 Q3 1.07 1.00 Q3 Q4 0.92 0.28 Q4 0.27 0.28 0.28 0.27 0.44 0.27 0.56 0.60 0.38 0.41 0.43 0.22 0.23 0.18 0.19 0.26 0.28 0.27 0.29 0.19 0.20 0.23 0.24 0.28 0.30 0.29 0.31 2020 2021 2022 2020 2021 2022 Reported Adjusted Reported Adjusted Efficiency Ratio 1.2 (%) 55.1 51.1 51.1 48.0 CIBC 2020 2021 Reported Adjusted NIM² (%) 54.1 3.50 51.2 3.35 3.39 Q2/22 2020 2021 Q2/22 1 Adjusted results are non-GAAP measures. See non-GAAP section of CIBC's Q2/22 Report to Shareholders. Certain prior period information has been revised. 2 Results were affected by economic impacts from COVID-19 pandemic. 28#29Financial Highlights: U.S. Commercial Banking and Wealth Management Average Loans¹ ($B) 46.6 Average Deposits 1.2 ($B) 44.0 41.4 42.5 5.5 41.4 6.3 5.5 41.1 37.1 35.1 2020 CIBC 34.6 2021 Q2/22 Wealth Management Loans 2020 2021 Q2/22 Commercial Banking Loans 98 2020 U.S. Wealth Management: AUA1,3 ($B) 125 2021 118 76 Q2/22 U.S. Wealth Management: AUM1.3 (SB) 2020 96 2021 91 Q2/22 1 Results were affected by economic impacts from COVID-19 pandemic. 2 Certain prior period information has been revised. ³ Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth Management provides sub-advisory services for. Assets Under Management (AUM) amounts are included in the amounts reported under Assets Under Administration (AUA). 20 29#30Financial Highlights: Capital Markets Net Income 1,2 ($B) 1.86 0.38 2009 CIBC 1.31 2020 47.6 2020 0.49 1.08 0.54 0.50 Pre-Provision Pre-Tax Earnings 1,2 (SB) Q1 Q2 Q3 Q4 2.12 0.49 0.54 2021 2022 2020 Efficiency Ratio 1.2 (%) 46.8 2021 44.9 Q2/22 18.8 2020 2.40 0.48 0.61 1.43 0.72 0.66 0.65 0.71 2021 2022 Return on Equity 2 (%) 25.6 2021 25.4 Q2/22 1 Metrics are on a reported and adjusted basis. Adjusted results are non-GAAP measures. See non-GAAP section of CIBC's Q2/22 Report to Shareholders. Certain prior period information has been revised.² Results were affected by COVID-19 pandemic economic impacts.. 2882 Q2 Q3 30 30#31Disciplined Capital Deployment Underpinned by Strong Balance Sheet and Funding CIBC CIBCO CIBCO CIBCO#32Disciplined capital deployment Organic Growth Dividend Stability Inorganic Growth CIBC • Investing to strengthen our consumer business • . Focusing on high-return initiatives, particularly technology enhancements and process simplification Build on positive momentum in our North American Commercial Banking, Capital Markets, and US Private Wealth Management businesses. On November 4, 2021 OSFI announced a lifting of the restriction around dividend increases and share repurchases that had been introduced in March 2020 in response to the pandemic. With a CET1 ratio of 11.7%, we have excess capital over and above the current regulatory minimum of 10.5%¹ Dividend payout ratio remains in the 40% - 50% target range Near term: do not expect any sizeable M&A in the U.S. as we continue to focus our capital allocation on supporting our clients and maintaining a dividend payout ratio in our target range Long term: will remain an option - Remain selective Ensure right cultural and strategic fit 1 As per OSFI's announcement on June 17, 2021, the Domestic Stability Buffer has increased to 2.50% effective Oct 31, 2021, which increased the OSFI minimum target CET1 ratio to 10.5%. 32#33High-Quality, Client-Driven Balance Sheet Assets Liabilities & Equity $894B 33% Cash & Repos 123% Coverage (Liquid Assets/ Unsecured Funding 27% Wholesale Funding Liquid Assets Trading & Investment Securities Wholesale Funding) Secured Funding³ Residential Mortgages1 55% Loan Portfolio Other Retail Loans 115% Coverage (Deposits + Capital / Loans) Corporate Loans 11% Other Assets² Mainly Derivatives Personal Deposits Business & Gov't 63% Capital + Client-related Funding Deposits Securitization & Covered Bonds Capital Other Liabilities² 10% Mainly Derivatives CIBC 1 Securitized agency MBS are on balance sheet as per IFRS. 2 Derivatives related assets, are largely offset by derivatives related liabilities. Under IFRS derivative amounts with master netting agreements cannot be offset and the gross derivative assets and liabilities are reported on balance sheet. ³ Includes obligations related to securities sold short, cash collateral on securities lent and obligations related to securities under repurchase agreements. 33#34CIBC Funding Strategy and Sources Funding Strategy • CIBC's funding strategy includes access to funding through retail deposits and wholesale funding and deposits • CIBC updates its three-year funding plan on at least a quarterly basis The wholesale funding strategy is to develop and maintain a sustainable funding base through which CIBC can access funding across many different depositors and investors, geographies, maturities, and funding instruments Wholesale Funding Sources Wholesale Market (CAD Eq. 195.1BN), Maturity Profile CIBC Wholesale deposits Canada, U.S. Credit card securitization Canada, U.S. 80 ■Secured Unsecured 26 70 60 50 Global MTN programs Mortgage securitization 孟 40 programs 30 20 20 37 33 23 20 31 21 6 5 4 Less than 1m-3m 3m-6m 6m-12m 1y-2y Over 2y 1m 10 13 Covered Bond program Structured Notes Source: CIBC Q2/22 Report to Shareholders 34#35Wholesale Funding Geography Wholesale Funding By Currency 1 CAD 49.5 BN Canada Mortgage Bonds Credit Cards Securitization Medium Term Notes ☐ Canadian Dollar Deposits CIBC USD 79.6 BN Covered Bond Program Credit Cards Securitization ■ Medium Term Notes ■ US Dollar Deposits Credit Cards Securitization 4% Mortgage Securitization 33% Covered Bonds 63% EUR 13.8 BN, CHF 3.0 BN, GBP 8.0 BN, NOK: 0.15 BN Covered Bonds Medium Term Notes Certificates of Deposit Wholesale Funding By Product1,3 JPY 55.0 BN Medium Term Notes HKD 11.2 BN Medium Term Notes Certificates of Deposit AUD 9.3 BN Covered Bonds Medium Term Notes Certificates of Deposit Secured 25% Unsecured² 75% Term Deposits 1% Medium Term Notes 44% Sub-debt 4% Bankers Acceptances 5% CD and CP 47% 1 Source: CIBC Q2/22 Report to Shareholders. 2 "Unsecured” includes Obligation related to securities sold short, Cash collateral on securities lent and Obligations related to securities under repurchase agreements. 3 Percentages may not add up to 100% due to rounding. 35#36CIBC Funding Composition. Funding Sources - April 20224 Others (Includes Securitization & Covered Bonds 5% Capital² 6% Securities sold short or repurchase agreements 10% derivatives) 10% Unsecured funding1 17% Funding Sources BN Personal deposits 225.2 Business and government deposits 237.7 Unsecured funding¹ 153.8 Securities sold short or repurchase agreements 88.9 Personal deposits 25% Others (Includes derivatives) 85.5 Capital² 54.2 Securitization & Covered Bonds 48.8 Total 894.1 Wholesale market, currency³ BN USD 104.2 CAD 50.6 Business and government deposits 27% Other Total 40.3 195.1 CIBC◇ 1 Unsecured funding is comprised of wholesale bank deposits, certificates of deposit and commercial paper, bearer deposit notes and bankers' acceptances, senior unsecured EMTN and senior unsecured structured notes 2 Capital includes subordinated liabilities ³ Currency composition, in Canadian dollar equivalent, of funding sourced by CIBC in the wholesale market. Source: CIBC Q2/22 Report to Shareholders 4 Percentages may not add up to 100% due to rounding. Source: CIBC Q2/22 Report to Shareholders. 36#37Canadian Mortgage Market CIBC CIBCO CIBCO CIBCO#38Mortgage Market Performance and Urbanization Rates Mortgage Arrears by Number of Mortgages² 1996 1997 1998 1999 5.0% 4.5% ⚫Canada U.K. U.S. 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% • • 2000 2001 2002 Canada has one of the highest urbanisation rates in the G7 2003 2004 2005 2005 2005 2006 2002 2007 2008 2008 6002 2009 2010 2010 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2020 2021 Canadian mortgages consistently outperform U.S. and U.K. mortgages Low defaults and arrears reflect the strong Canadian credit culture Mortgage interest is generally not tax deductible, resulting in an incentive for mortgagors to limit their amount of mortgage debt In most provinces, lenders have robust legal recourse to recoup losses Mortgage arrears have steadily declined from high of 0.45% in 2009 to 0.16% in February 20221 Population in Top Four Cities 3 50% 45% 40% 35% 30% 25% • Over 45% of the Canadian population lives in one of the four largest cities 20% 15% • A greater rate of urbanisation is a strong contributor to increases in property values 10% 5% 0% U.S. Germany France Canada U.K. CIBC 1 Source: Canadian Banker's Association 2 Source: UK Finance, CBA, MBA. *Mortgage arrears of 3+ months in Canada and UK or in foreclosure process in the US 3 Source: 2014 Census for France, 2021 Census for Canada, 2011 Census for UK, Germany; 2020 Census for US 38#39Canadian House Prices Household Debt to Income Ratio 4 Household Debt to Income Ratio 300 • Absolute price level is moderate compared to major global urban centers 250 • Canadian debt to income ratio in line with many developed nations 200 • Growth rates of house prices in Canada have diverged across regions 150 CIBC -Average 100 Average Home Price 50 Region CAD1 USD Eq.² YoY % Increase³ Canada 746K 591K 19% Toronto 1354K 1072K 22% Denmark Norway Netherlands Vancouver 1375K 1088K 17% 35% Toronto -Vancouver Housing Index Year over Year Change, by City 5 -Canada Calgary 512K 405K Australia Sweden Canada U.K. Ireland France Japan U.S. Germany -Calgary -Montreal Ottawa 8% 30% 25% Montreal 573K 454K 16% 20% Ottawa 754K 15% 597K 18% 10% 5% 0% Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec. 12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-22 -5% -10% -15% 1 Source: CREA, April 2022 21 USD = 1.2628 CAD 3 Source: Teranet - National Bank House Price Index 4 Source: OECD, 2022 or latest available. Household debt ratios across countries can be significantly affected by different institutional arrangements, among which tax regulations regarding tax deductibility of interest payments. 5 Source: Bloomberg, Teranet - National Bank House Price Index 39#40CIBC's Mortgage Portfolio CIBC CIBC Canadian Residential Mortgages: CAD 254.0 BN CAD 140 BN 83% CAD 51 BN Insured Uninsured Condo Exposure: CAD 43.7 BN Condo Mortgages Condo Developers CAD 37.1 BN CAD 6.6 BN Uninsured 78% Undrawn 80% CAD 27 BN 84% CAD 20 BN CAD 16 BN 53% 17% 16% 47% 73% 27% 59% Insured 22% Drawn 41% 20% Ontario BC & Territories Alberta Quebec Other 22% of CIBC's Canadian residential mortgage portfolio is insured, with 63% of insurance being provided by CMHC . The average loan to value¹ of the uninsured portfolio is 46% • The condo developer exposure is diversified across 109 projects . Condos account for approximately 15% of the total mortgage portfolio 1 LTV ratios for residential mortgages are calculated based on weighted average. The house price estimates for April 30, 2022 and October 31, 2021 are based on the Forward Sortation Area level indices from the Teranet - National Bank National Composite House Price Index (Teranet) as of March 31, 2022 and September 30, 2021, respectively. Teranet is an independent estimate of the rate of change in Canadian home prices. 40#41Canadian Bail-in Regime Update CIBC CIBCO CIBCO CIBCO#42How Bail-In Is Expected To Work When OSFI deems a bank has ceased to or may be about to cease to continue to be viable, it may trigger temporary takeover of the bank and carry out the bail-in conversion of NVCC capital and bail-in debt to common equity. CIBC . There are no write-down provisions in the framework • Conversion formula under many scenarios may result in investor gains 1. Pre-Loss Balance Sheet Other Senior Liabilities Bail-in Debt Loss 2. Loss Event 3. Post Bail-in Other Senior Liabilities Assets NVCC Sub-Debt Bail-in Debt Assets Assets NVCC Preferred Equity NVCC Sub-Debt NVCC Common Equity Preferred Equity Common Equity Note: Diagram shown is for illustrative purposes only. It is not to scale nor does it update the magnitude of the bail-in security to match the loss. Other Senior Liabilities Bail-in Debt Common Equity 42#43Canadian Bail-in Regime Update On April 18, 2018, Department of Finance published the bail-in regulations, and OSFI finalized the guidelines on Total Loss Absorbing Capacity (TLAC) and TLAC holdings. • Department of Finance's bank recapitalization (bail-in) conversion regulations Provide statutory powers to CDIC (through Governor in Council) to enact the bail-in regime including the ability to convert specified eligible shares and liabilities of D-SIBS into common shares in the event such bank becomes non-viable • Bail-in eligible liabilities include tradable (with CUSIP/ISIN), unsecured debt with original maturity of over 400 days • Excluded liabilities are covered bonds, consumer deposits, secured liabilities, derivatives, and structured notes 1 . Effective on September 23, 2018 OSFI's TLAC Guideline • • TLAC liabilities must be directly issued by the D-SIB, satisfy all of the requirements set out in the bail-in regulations, and have residual maturity greater than 365 days Minimum requirements: • TLAC ratio = TLAC measure / RWA > 21.5% . TLAC leverage ratio = TLAC measure / Leverage exposure > 6.75% • TLAC supervisory target ratio set at 24.00% RWA 2 • Effective Fiscal 2022. Public disclosure began in Q1 2019 OSFI's TLAC Holdings . . Our investment in other G-SIBS and other Canadian D-SIB's TLAC instruments are to be deducted from our own tier 2 capital if our aggregate holding, together with investments in capital instruments of other Fls, exceed 10% of our own CET1 capital Implementation started in Q1 2019 CIBC 1 As referenced in the Bank Recapitalization (Bail-in) Regulations: http://laws-lois.justice.gc.ca/eng/regulations/SOR-2018-57/FullText.html 2 Increased to 24.00% on October 31, 2021 upon increase of Domestic Stability Buffer to 2.50% (the maximum) from 1.00% 43#44Canadian Bail-in Regime - Comparison to Other Jurisdictions Bail-in implementation in other jurisdictions has increased the riskiness of bail-inable bonds vs. non-bail-inable bonds: Legislative changes prohibit bail-outs, increasing the probability that bail-in will be relied on • The hierarchy of claims places bail-in debt below deposits and senior debt through structural subordination, legislation or contractual means • Bail-in is expected to rely on write-down of securities, imposing certain losses on investors The Canadian framework differs from other jurisdictions on several points: • The Canadian government has not introduced legislation preventing bail-outs • Canadian senior term debt will be issued in a single class and will not be subordinated to another class of senior term debt like other jurisdictions such as the US and Europe • Canada does not have a depositor preference regime; bail-in debt does not rank lower than other liabilities • No Creditor Worse Off principle provides that no creditor shall incur greater losses than under insolvency proceedings • There are no write-down provisions in the framework • Conversion formula under many scenarios may result in investor gains CIBC◇ 44#45Environmental, Social, Governance (ESG) Focus CIBC CIBCO CIBCO CIBCO#46Our Refocused ESG Strategy Ambitions in Action We're activating our resources to create positive change for our team, our clients, our communities and our planet, contributing to a more secure, equitable and sustainable future where everyone's ambitions are made real. CIBC◇ We are putting our environmental, social, and governance (ESG) commitments into action by: Building integrity and trust We act with integrity and transparency to maintain the trust that clients have placed in us. Creating access to opportunities We partner to build equitable and resilient communities where ambitions are more attainable for all. Accelerating climate action We support solutions to address climate change, to help transition to a sustainable, lower carbon future. 46#472021 ESG Performance Highlights In 2021, we built on our longstanding commitment to ESG as a cornerstone of how we operate and create value for our stakeholders. 10 Top 10 in financing for the renewable energy industry across North America1 $4.8B in new loan authorizations to small and medium-sized enterprises (Canada)² 38% women in board-approved executive roles (Global) 89% our employee engagement score exceeded the Willis Towers Watson Global Financial Services Norm³ $132.7M invested in community organizations across Canada and the U.S.4 10 23% visible minorities in board- approved executive roles (Canada) (A- Ranked A- among the top-tier of global banks for climate actions by CDP I 100% of employees completed CIBC ethical training on our Code of Conduct5 $34.9B In sustainable finance activities6 CIBC 1 North American Renewables League Tables by Inframation. 2 New loan authorizations in 2021 to small and medium-sized enterprises were comprised of $0.8 billion to small enterprises and $4.0 billion to medium-sized enterprises. 3 Based on participation in our annual employee survey. Excludes FirstCaribbean International Bank Limited. 4 Includes corporate giving, including $70 million to CIBC Foundation, corporate sponsorships and employee giving and fundraising. 5 Excludes the U.S. Commercial Banking and Wealth Management strategic business unit and FirstCaribbean International Bank Limited. See footnotes in CIBC 2021 Sustainability Report, Section 1.1 2021 ESG scorecard for more information. 47#48We are aligned to international best practices Voluntary Memberships & Commitments: o Center Climate Aligned Finance CCGG Canadian Coalition for Good Governance THE VOICE OF THE SHAREHOLDER SUSTAINABLE DEVELOPMENT GOALS 30% Club GROWTH THROUGH DIVERSITY Progressive Aboriginal COMMITTED RELATIONS Canadian Council for Aboriginal Business Frameworks: CARING COMPANY BLAC ATIVE RIA CDP Responsible Investment Association CERTIFIED IMAGINE CANADA UNEP Net Zero Banking FINANCE Alliance INITIATIVE The Green Bond Principles Catalyst · Accord. Signatory Advancing Women on Boards WOMEN'S EMPOWERMENT PRINCIPLES Established by UN Women and the UN Global Compact Office CANADA GREEN IL DU BÂTIMENT BUILDING COUNCIL DURABLE D cglcc Canada's LGBT+ Chamber of Commerce CIBC EQUATOR PRINCIPLES PRI Principles for Responsible Investment GRI Empowering Sustainable Decisions CIRCULAR ECONOMY LEADERSHIP CANADA Finance Women in Fin Finance Charter arter Women in Finance Charter U! изшом Partnership for Carbon Accounting Financials SUSTAINABILITY ACCOUNTING SASB STANDARDS BOARD ✓ PCAF WBE Canada TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES CAMSC Canadian Aboriginal and Minority Supplier Council Conseil canadiendes fuisseurs autochtones et manbros de minorités FINANCE UNEP INITIATIVE#49External recognition¹ of CIBC's commitment to sustainability CDP 2021 Climate Change Score = A- Up from B in 2019 Ranked among top-tier of global banks MSCI 2021 ESG Rating = AA Industry Adjusted Score = 8.4 Up from 7.5 in 2020 Scale: CCC to AAA (best) SUSTAINALYTICS 2021 ESG Risk Rating = 17.9 (low risk). or 13th percentile among banks Improved from 18.3 in 2020 Scale: 1 or 1st percentile (best) to 40+ ISS‣ QualityScore: E = 1; S = 1; G = 1 Scale: 1 (best) to 10 Corporate Rating = C- Industry: Leaders = C+; Average = D FTSE4Good 2021 Rating = 4.1 or 83rd percentile Exceeds subsector (banks) averages Scale: 1 to 5 (best); 100th percentile (best) vigeoiris 2021 ESG Score = 49 Up from 42 in 2020 Scale: 0 to 100 (best) Sector rank: 4/13 CIBC 1 Ratings are not a recommendation to make an investment in any security of CIBC and may be revised or withdrawn at any time by the issuing organization.#50Appendix CIBC CIBCO CIBCO CIBCO#51Positioned to continue benefiting from rising rates Year 1 benefit of approximately $428 million to our net interest income from an immediate and sustained 100 bps increase as at April 30, 2022, with approximately 50% driven by short-term rates ⚫ Year 2 benefit from rising rates (+100 bps) of approximately $842MM, driven primarily by long rates Net Interest Income Sensitivity to a +100 bps Shock ($MM) 1 3 Year 1 Total 428 2.5 2 Year 2 Total 842 1.5 0.5 0 1 Interest Rate Environment in Canada and the U.S. 3.5 May-17 Sep-17 Feb-18 Jun-18 Nov-18 Apr-19 Aug-19 Jan-20 May-20 Oct-20 Mar-21 Jul-21 Source: Bloomberg CAD 5-YR Swap Rate BoC Overnight Rate USD 5-YR Swap Rate Fed Funds Rate Dec-21 Apr-22 CIBC 1 A number of assumptions are used to measure Structural Interest Rate Sensitivity. For additional information, see the "Market risk" Non-trading activities section on page 36 in the Q2/22 Management's discussion and analysis, available on SEDAR at www.sedar.com. 151 51#52Commercial Real Estate exposure is well diversified CIBC Canadian Commercial Real Estate Exposure by Sector¹ Industrial 11% Retail 24% Office 11% Residential 19% U.S. Commercial Real Estate Exposure by Sector² Industrial 16% Office 24% Residential 1% $36.8B Seniors Housing 5% Retail 8% US$17.4B Healthcare 3% Hotel 2% Other 4% Multi Family 26% 70% of drawn loans investment grade³ Other 16% Multi Family 30% • 38% of drawn loans investment grade³ 1 Includes $3.6B in Multi Family that is reported in residential mortgages in the Supplementary Financial Information package. 2 Includes US$2.0B in loans that are reported in other industries in the Supplementary Financial Information package, but are included here because of the nature of the security. 3 Incorporates security pledged; equivalent to S&P/Moody's rating of BBB-/Baa3 or higher. 62 52#53Canadian Real Estate Secured Personal Lending 90+ Days Delinquency Rates Q2/21 Q1/22 Q2/22 The Greater Vancouver Area¹ (GVA) and Greater Toronto Area¹ (GTA) continue to perform well Total Mortgages 0.25% 0.17% 0.14% Uninsured Mortgages 0.23% 0.13% 0.10% Uninsured Mortgages in GVA¹ 0.24% 0.11% 0.11% Uninsured Mortgages in GTA1 0.16% 0.07% 0.05% Uninsured Mortgages in Oil Provinces² 0.63% 0.48% 0.42% Mortgage Balances ($B; principal) 248 254 226 124 133 137 HELOC Balances ($B; principal) 18.6 18.7 19.0 10.4 10.2 10.3 82 84 73 5.8 6.0 6.2 29 Q2/21 33 33 2.4 2.5 2.5 Q1/22 Q2/22 Q2/21 Q1/22 Q2/22 ■GVA¹ ■GTA¹ ■ Other Region ■ GVA¹ ■GTA¹ ■ Other Region CIBC 1 GVA and GTA definitions based on regional mappings from Teranet. 2 Alberta, Saskatchewan and Newfoundland and Labrador. 53#54Canadian Uninsured Residential Mortgages - Q2/22 Originations¹ FICO score Distribution 3% 3% 3% ≤650 13% 11% 12% 44% 41% 42% 31% 30% 27% 15% 12% 13% 651-700 701-750 751-800 >800 ■ Canada ■ GVA³ 3 ■GTA³ 3 Loan-to-value (LTV)2 Distribution 16% 19% 18% 12% 9% 9% 4% 5% 4% <30% 39% 36% 34% 35% 32% 28% 30 to <45% 45 to <60% 60 to ≤75% >75% ■ Canada ■ GVA³ ■GTA³ 3 . Originations of $17B in Q2/22 Average LTV2 in Canada: 65% GVA³: 62% GTA³: 64% 1 CIBC Originations include refinancing of existing mortgages but not renewals. 2 LTV ratios for residential mortgages are calculated based on weighted average. See page 31 of the Q2/22 Quarterly Report for further details. 3 GVA and GTA definitions based on regional mappings from Teranet. 54 54#55Canadian Uninsured Residential Mortgages FICO score Distribution 11% 10% 10% 4% 4% 4% ≤650 26% 26% .22% 43% 45% 44% • • Better current FICO score and LTV1 distributions in GVA2 and GTA² than the Canadian average Less than 1% of this portfolio has a FICO score of 650 or lower and an LTV1 over 75% Average LTV1 in Canada: 46% GVA²: 43% GTA²: 44% 19% 16% 16% • 651-700 701-750 751-800 >800 ■ Canada ■GVA² ■GTA² 2 Loan-to-value (LTV)1 Distribution 30% 30% 28% 29% 28% 28% 24% 23% 20% 20% 17% 16% <30% 30 to <45% 45 to <60% ■ Canada ■ GVA² 60 to ≤75% GTA² CIBC 3% 2% 2% >75% 1 LTV ratios for residential mortgages are calculated based on weighted average. See page 31 of the Q2/22 Quarterly Report for further details. 2 GVA and GTA definitions based on regional mappings from Teranet. 555 55#563.4% 2.0% 3.2% 2.1% Forward-looking Information Variables used to estimate our Expected Credit Loss¹ Forward-Looking Information Variables As at April 30, 2022 Canadian GDP YOY Growth US GDP YOY Growth Avg. Value over the next 12 months Base Case Avg. Value over the remaining forecast period Base Case Avg. Value over the next 12 months Upside Case Avg. Value over the remaining forecast period Upside Case Avg. Value over the next 12 months Avg. Value over the remaining forecast period Downside Case Downside Case 4.6% 2.7% 2.4% 1.7% 4.3% 3.1% 1.1% 0.2% Canadian Unemployment Rate 5.4% 5.7% 4.9% 5.3% 6.4% 6.5% US Unemployment Rate 3.6% 3.7% 3.1% 3.0% 5.0% 4.9% Canadian Housing Price Index YoY Growth 7.2% 2.0% 15.1% 4.7% (0.5)% (1.4)% S&P 500 Index YoY Growth Rate 1.9% 5.0% 5.9% 8.5% (6.9)% (8.5)% 15.0% $93 15.1% $76 14.5% 14.8% 15.4% 15.2% $126 $124 $67 $54 Base Case 3.5% 2.4% 3.9% 2.5% Canadian Household Debt Service Ratio West Texas Intermediate Oil Price (US$) Forward-Looking Information Variables As at January 31, 2022 Canadian GDP YOY Growth US GDP YOY Growth Avg. Value over the next 12 months Avg. Value over the remaining forecast period Base Case Avg. Value over the next 12 months Avg. Value over the remaining forecast period Upside Case Avg. Value over the next 12 months Avg. Value over the remaining forecast period Upside Case Downside Case Downside Case 4.8% 2.9% 2.5% 1.8% 5.0% 3.1% 2.1% 1.3% Canadian Unemployment Rate 5.9% 5.9% 5.2% 5.5% 6.7% 6.6% US Unemployment Rate 3.7% 3.8% 3.5% 3.3% 5.2% 4.7% Canadian Housing Price Index YoY Growth 5.1% 2.6% 10.3% 4.7% 2.6% (0.3)% S&P 500 Index YoY Growth Rate 2.8% 4.6% 7.2% 6.9% (4.1)% (4.9)% Canadian Household Debt Service Ratio 13.8% 14.5% 13.3% 14.3% 14.3% 14.8% West Texas Intermediate Oil Price (US$) $73 $66 $78 $81 $62 $54 CIBC 1 See page 68 of the Q2/22 Quarterly Report for further details. 56#57Q2/22 Items of Note Acquisition and integration-related costs as well as purchase accounting adjustments and provision for credit losses for performing loans associated with the acquisition of the Canadian Costco credit card portfolio (2) Increase in legal provisions Amortization of acquisition-related intangible assets Pre-Tax After-Tax & Effect NCI Effect ($MM) ($MM) EPS Effect¹ ($/Share) Reporting Segments 106 77 0.09 Canadian Personal & Business Banking 45 45 333 0.04 Corporate & Other 24 19 0.02 Canadian Personal & Business Banking U.S. Commercial Banking & Wealth Management Corporate & Other Adjustment to Net Income attributable to common shareholders and EPS 175 129 0.15 CIBC Not Applicable 1 All per common share amounts reflect the share split. 2 Acquisition and integration costs are comprised of incremental costs incurred as part of planning for and executing the integration of the Canadian Costco credit card portfolio, including enabling franchising opportunities, the upgrade and conversion of systems and processes, project delivery and communication costs. Purchase accounting adjustments include the accretion of the acquisition date fair value discount on the acquired Costco credit card receivables. Provision for credit losses for performing loans associated with the acquisition of the Canadian Costco credit card portfolio include the stage 1 expected credit loss allowance established immediately after the acquisition date and the impact of the migration of stage 1 accounts to stage 2 during Q2/22. 44 57#58Non-GAAP Financial Measures We use a number of financial measures to assess the performance of our business lines. Some measures are calculated in accordance with International Financial Reporting Standards (IFRS or GAAP), while other measures do not have a standardized meaning under GAAP, and accordingly, these measures may not be comparable to similar measures used by other companies. Investors may find these non-GAAP measures, which include non-GAAP financial measures and non-GAAP ratios as defined in National Instrument 52-112 "Non-GAAP and Other Financial Measures Disclosure", useful in understanding how management views underlying business performance. Management assesses results on a reported and adjusted basis and considers both as useful measures of performance. Adjusted measures, which include adjusted total revenue, adjusted provision for credit losses, adjusted non-interest expenses, adjusted income before income taxes, adjusted income taxes, adjusted net income and adjusted pre-provision, pre-tax earnings, remove items of note from reported results and are used to calculate our adjusted results. Adjusted measures represent non-GAAP measures. Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the "Non-GAAP measures" section on pages 8 to 13 of our Q2/22 Management's discussion and analysis (MD&A), available on SEDAR at www.sedar.com. CIBC◇ 58#59CIBC Investor Relations Contacts GEOFF WEISS, SENIOR VICE PRESIDENT Email: [email protected] Phone: +1 (416) 980-5093 JASON PATCHETT, SENIOR DIRECTOR Email: [email protected] Phone: +1 (416) 980-8691 ALICE DUNNING, SENIOR DIRECTOR Email: [email protected] Phone: +1 (416) 861-8870 CALLEN GLASS, SENIOR DIRECTOR Email: [email protected] Phone: +1 (416) 594-8188 CIBC◇ 59