#1CIBC Investor Presentation February 25, 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 our Q1/22 Report to Shareholders 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 our Q1/22 Report to Shareholders, and are subject to inherent risks and uncertainties that may be general or specific. Given the continuing impact of the coronavirus (COVID-19) pandemic 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 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 Investor Presentation 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 ONCO#4A Leading Canadian Financial Institution $72B 11MM 46K 12.2% MARKET-CAP1 CLIENTS1 EMPLOYEES CET1 RATIO1 PPPT EARNINGS 5-YR CAGR REPORTED 5.8% ADJUSTED 8.5% TOP SCORING MOBILE BANKING APP 7 OF THE PAST 8 YEARS³ OUR GOAL 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 OUR STRATEGIC PRIORITIES Elevating the client experience in an increasingly digital world لا 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 1/31/2022. 2 Rolling 5-year compound annual growth rate on Pre-Provision Pre-Tax Earnings (PPPT) as of Q1/22. 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 Building and enhancing client relationships and generating long-term consistent growth • U.S. Commercial Banking & Wealth Management High-touch, relationship-oriented commercial, personal and small business banking, and wealth management services 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 DIVERSE CLIENTELE • • Middle-Market Companies Entrepreneurs High-Net-Worth Individuals and Families • · Consumer Banking ⚫ Small Businesses ⚫ Entrepreneurs . Middle-Market Companies Entrepreneurs High-Net-Worth Individuals and Families • Institutional Investors CIBC◇ Executives Corporate Government Institutional Investors 571 465 67 490 5#6Why Invest in CIBC? $ ના મ CIBCO 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 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 Outperform 5%-10% 15%+ Positive 40%-50% S&P/TSX Composite Banks Index³ Basel III CET1 Ratio Strong buffer to regulatory minimum Diluted EPS ($) 11.65 12.21 11.92 11.19 13.93 14.47 3.07 3.37 នន១ Q1 Return on Common Shareholders' Equity (%) Operating Leverage (%) Q2 5.3 17.4 16.6 Q3 15.4 16.1 16.7 17.4 17.6 14.5 3.2 9.69 2.4 Q4 8.22 11.7 3.76 3.93 10.0 0.7 0.2 0.2 3.55 3.59 (0.6) (0.1) (1.5) 3.55 3.58 4.03 4.08 (4.0) 2018 2019 2020 2021 Q1/22 2018 2019 2020 2021 Q1/22 2018 2019 2020 2021 Q1/22 Reported Adjusted Reported Adjusted Reported Adjusted Dividend Payout Ratio (%) Rolling five-year TSR (%) CET1 Ratio (%) 70.7 60.0 49.9 46.9 41.8 40.3 39.8 39.3 45.5 43.4 85.0 12.1 12.4 12.2 11.4 11.6 79.1 2018 2019 2020 2021 Q1/22 Reported Adjusted Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 CIBC S&P/TSX Composite Banks Index 2018 2019 2020 2021 Q1/22 CIBC◇ 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 Over a rolling five-year period. 7#8Diversified Businesses with Leading Canadian and Growing U.S. Platform CIBC 48% Net Income by Strategic Business Unit¹ 38% F16 $4.3B 26% Q1/22 LTM $6.7B 23% 2% U.S. Region 2%2 Personal & Business Banking U.S. Commercial & Wealth Cdn. Commercial & Wealth ■Capital Markets 27% 29% U.S. 14% Region 22% 1 Does not include Corporate & Other 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 8#9Flexible, Strong Balance Sheet and Prudent Risk Management CIBC◇ Strong Capital Ratios (%) Strong Credit Ratings Agency 16.1 16.2 15.7 14.9 15.0 Moody's 11.4 11.6 12.1 12.4 12.2 S&P Fitch 2018 2019 2020 2021 Q1/22 CET1 Ratio Total Capital Ratio DBRS 119 Liquidity Coverage Ratio (LCR) (%) 131 125 T 142 Q1/18 Q1/19 Q1/20 Q1/21 Rating1 Aa2 (Senior² A2), Stable A+ (Senior², A-), Stable AA (Senior², AA-), Stable AA (Senior² AA(low)), Stable PCL Ratio on Impaired (bps) 24 123 22 Q1/22 For the quarter ended January 31, 2022, our three-month daily average LCR was 123% compared to 142% for the same period last year. The decrease was driven by improving economic conditions and the return of our LCR to pre-pandemic levels. 11 10 10 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 1 Long-term senior debt ratings. 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#10If Culture of Connectivity and Innovation Delivering Leading High-Touch, Modern-Day Solutions CIBC CIBCO 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 In our Direct Financial Services business, including U.S. dollar accounts, new and expanded services in remittances and foreign exchange; and enhanced our Global Money Transfer capabilities by enabling real-time, direct money transfers to eligible VISA debit and credit cards 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 Simplii's NPS increasing twofold since 2018; leveraging this strong momentum and brand perception to franchise clients and deepen relationships • 514 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 Enhancing the client experiences with simpler, streamlined processes • • Renewables and Sustainable Finance Dedicated expertise and finance to support our corporate clients in their sustainability goals О #1 in Canada for sustainable finance Leading franchise to support renewables sector O #1 in Canada and top-10 in North American renewables and advisory Doubled our commitment to mobilizing sustainable finance to a target of $300 billion by 2030 Founding member of Project Carbon, a blockchain- enabled carbon offset marketplace First bank to launch ESG-linked MLGICs CIBC 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 Charles Brindamour Chief Executive Officer, Intact Financial Corp. 2020 Nanci Caldwell Michelle Collins Former EVP & Chief President, Cambium Marketing Officer, Peoplesoft, Inc. LLC 2015 2017 Patrick Daniel Former President & CEO, Enbridge Inc. 2009 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 CSR / ESG HR Management / Compensation 100% 73% 73% 93% 73% INDEPENDENCE 67% 60% 50% FEMALE DIRECTORS Public / Government Relations 60% 8 YEARS AVERAGE TENURE Legal / Regulatory / Compliance 53% Risk Management & Governance 47% 73% CAN | 27% U.S. GEOGRAPHICAL MIX Information Technology 40% CIBC◇ 15#16Continuous Improvement Driving Shareholder Value Winning at Relationships Growth Metrics 2018 Q1/22 Loans ($B) 382 N 483 Deepening Client Experience Deposits ($B) 461 650 to Drive Growth AUA ($B) 2,304 3,010 S Meeting client needs both sides of the border Efficiency Metrics 2018 Q1/22 JDPOWER Investing in Process Reported Efficiency Ratio Adjusted Efficiency Ratio 57.5% 55.0% 55.6% 53.8% Improvements to Drive Efficiency Sales to Service Ratio¹ 63.3% 67.8% CIBC #1 in Mobile Banking (2nd year in a row) 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. ☑ W LUI E Deepening Commercial & Strategic Client relationships US CIBC Private Wealth #4 by Barron's (Registered Investment Advisor) COSTCO WHOLESALE Strategic partnership with leading retailer 16#17Financial Performance CIBC◇ CIBCO ONCO#18Solid returns to shareholders... Diluted EPS1,2 ($) 12.21 11.65 11.92 11.19 Return on Equity 1.2 (%) 14.47 13.93 17.4 16.6 3.37 15.4 3.07 Q2 14.5 9.69 Q3 8.22 3.76 3.93 Q4 3.59 3.55 4.03 4.08 3.55 3.58 2018 2019 2020 2021 Q1/22 Reported Adjusted Pre-Provision Pre-Tax Earnings 1,2 ($B) 11.7 10.0 17.4 17.6 16.1 16.7 2018 2019 2020 2021 Q1/22 Reported Adjusted Dividend Payout Ratio 1,2,3 (%) 8.81 8.48 8.14 8.18 7.58 7.77 Q1 7.76 7.38 1.93 2.11 Q2 Q3 49.9 Q4 2.14 2.24 45.5 43.4 46.9 2.18 2.20 2.24 2.26 2.48 2.51 2018 2019 2020 2021 Q1/22 Reported Adjusted CIBC 70.7 60.0 41.8 40.3 39.8 39.3 2018 2019 2020 2021 Q1/22 Reported Adjusted 1 Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q1/22 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. 18#19...generated through investments in top-line growth and improving efficiency... Revenue (TEB) 1,3 ($B) Non-Interest Expenses 1,3 ($B) 17.8 18.1 18.6 18.7 20.0 20.2 18.7 18.9 Q1 11.4 10.9 11.5 11.2 Q1 10.3 Q2 10.1 10.4 10.6 Q2 5.1 5.1 3.1 3.0 Q3 Q3 Q4 Q4 5.1 5.1 2.9 2.8 4.9 5.0 5.0 5.0 5.5 5.5 Q1/22 2018 2019 2020 2021 Reported Adjusted 2 Efficiency Ratio (TEB) 1,3 (%) 2.8 2.7 2.7 2.7 3.0 3.0 2018 2019 2020 2021 Q1/22 Reported Adjusted 60.6 57.5 58.3 57.6 55.6 55.5 55.8 55.4 55.0 53.8 5.5 5.3 5.4 5.1 2018 2019 2020 2021 Q1/22 Reported Adjusted 2 CIBC Net Income 1,3 ($B) 6.7 Q1 6.4 1.6 1.4 0800 Q2 Q3 Q4 4.4 3.8 1.7 1.8 1.7 1.7 1.6 1.6 1.9 1.9 2018 2019 2020 2021 Reported Adjusted 1 Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q1/22 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. Q1/22 19#20...underpinned by a commitment to balance sheet strength... Basel III CET1 Ratio (%) Basel III Total Capital Ratio (%) 11.4 11.6 12.1 12.4 12.2 14.9 15.0 16.1 16.2 15.7 2018 2019 2020 2021 Q1/22 2018 2019 2020 2021 Q1/22 Basel III Leverage Ratio (%) 4.3 4.3 2018 CIBC◇ 2019 4.7 2020 Liquidity Coverage Ratio (%)¹ 4.7 4.3 131 125 119 2021 Q1/22 Q1/18 Q1/19 Q1/20 142 123 Q1/21 Q1/22 1 For the quarter ended January 31, 2022, our three-month daily average LCR was 123% compared to 142% 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 Allowance for Credit Losses/Gross Loans 1,2 0.89% 0.51% 0.45% 2018 2019 2020 Loan Loss Ratio 2,3,4 (bps) =4 34 29 25 25 26 29 23 2016 2017 2018 33 26 26 0.64% 0.61% 2021 Q1/22 61 16 11 6 4 2019 2020 2021 Q1/22 COVID-19 Pandemic Impaired Total 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 diversified Overall Loan Mix (Outstanding) Consumer 63% Real Estate Secured Lending 57% • • Cards 2% • 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 48% Oil and gas is 1% of the loan portfolio; 55% investment grade¹ 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 Canadian Uninsured Mortgage Loan-To-Value Ratios Commercial Real Estate 54% 53% 10% 52% $483B Oil & Gas 1% 51% 50% Retailers 1% 49% 48% Leisure & Entertainment 1% 47% 47% 46% 45% Other 44% Business & Government 24% Q1/19 Q1/20 Q1/21 Q1/22 Business & Government 37% Canada GVA GTA CIBC 1 Incorporates security pledged; equivalent to S&P/Moody's rating of BBB/Baa2 222 22#23Financial Highlights: Canadian Personal and Business Banking Net Income 1.2 ($B) 2.49 2.50 0.60 0.61 1.79 1.79 0.64 0.64 0.60 0.60 Pre-Provision Pre-Tax Earnings 1,2 ($B) Q3 0800 Q1 3.61 3.62 3.74 3.75 Q2 0.98 0.99 Q4 0800 Q1 Q2 Q3 Q4 0.94 0.94 0.88 0.88 0.65 0.65 0.69 0.70 0.94 0.94 1.03 1.04 2020 2021 Q1/22 2020 2021 Q1/22 Reported Adjusted Reported Adjusted 54.4 54.3 CIBC 2020 Efficiency Ratio 1,2 (%) 54.2 54.0 NIM² (%) 2.35 2.21 52.8 52.2 2.18 2021 Reported Adjusted Q1/22 2020 2021 Q1/22 1 Adjusted results are non-GAAP measures. See non-GAAP section of CIBC's Q1/22 Report to Shareholders. Certain prior period amounts have been revised. 2 Results were affected by economic impacts from COVID-19 pandemic. 23#24Growing digital engagement and adoption¹ Digital Adoption Rate² Active Digital Banking Users³ (MM) 75.5% Q1/21 Digital Transactions4 (MM) 2.0% 77.5% Q1/22 9.2% 126 116 53 48 16 16 52 57 4.3 Q1/21 6.4% 4.6 Transactions by Channel4 7.4% Digital Channel Usage (# of Sessions, MM) 3.8% 248 258 Q1/22 Q1/21 Q1/22 6.8% 92.6% 93.2% Q1/21 Q1/22 ■ eTransfers ■ Bill Payments ■ Other 5 Q1/21 ■Digital Channel Q1/22 ■Non-Digital Channel CIBC 1 Canadian Personal Banking excluding Simplii Financial. 2 Digital Adoption Rate calculated using 90-day active users. 3 Active Digital Users represent the 90-day Active clients in Canadian Personal Banking. 4 Reflect financial transactions only. 5 Other includes transfers and eDeposits. 24 24#25Financial Highlights: Canadian Personal and Business Banking Real Estate Secured Personal Loans¹ ($B) 217.9 17.6 CIBC 2020 238.1 2021 256.9 Credit Card Loans¹ ($B) 11.8 11.2 10.8 Q1/22 2020 2021 Other Personal and Business Loans¹ ($B) 2020 3.0 18.2 3.1 19.1 3.2 2021 Other Personal Loans Q1/22 Business Loans 1 Results were affected by economic impacts from COVID-19 pandemic. Certain prior period information has been revised. 170.8 Q1/22 Deposits¹ ($B) 196.4 187.9 2020 2021 Q1/22 25 25#26Financial Highlights: Canadian Commercial Banking and Wealth Management 1.20 Net Income 1,2 ($B) 1.67 0.44 Pre-Provision Pre-Tax Earnings 1,2 ($B) 2.23 0.59 2000 Q1 Q2 1.94 Q3 Q4 CIBC 2020 52.9 2020 0.47 0.40 0.46 0.35 2021 Efficiency Ratio¹ (%) 52.3 2021 Q1/22 2020 0.59 0.53 0.52 0.62 2021 Q1/22 NIM² (%) 3.25 3.30 51.9 3.17 Q1/22 2020 2021 Q1/22 Q1 Q2 Q3 Q4 1 Metrics are on a reported and adjusted basis. Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q1/22 Report to Shareholders. 2 Results were affected by economic impacts from COVID-19 pandemic. 26#27Financial Highlights: Canadian Commercial Banking and Wealth Management Average Loans 1 ($B) 68.2 1.9 72.8 2.1- 81.4 2.5 71.1 6.9 Average Deposits 1 ($B) 93.8 83.6 9.4 8.3 78.9 84.5 66.3 70.7 75.3 64.1 2020 288 2021 Q1/22 2020 Wealth Management Loans Commercial Banking Loans Wealth Management: AUA² ($B) 2020 CIBC 357 2021 2021 Q1/22 Commercial Banking Deposits Wealth Management Deposits Wealth Management: AUM² ($B) 357 189 Q1/22 2020 230 2021 1 Results were affected by COVID-19 pandemic economic impacts. 2 Assets Under Management (AUM) amounts are included in the amounts reported under Assets Under Administration (AUA). 230 Q1/22 27#28Financial Highlights: U.S. Commercial Banking and Wealth Management Net Income 1,2 ($B) Pre-Provision Pre-Tax Earnings 1,2 ($B) Q1 Q1 0.98 1.14 0.93 Q2 1.07 Q2 Q3 1.00 0.27 0.92 Q3 0.28 0.26 Q4 0.27 Q4 0.28 0.28 0.27 0.44 0.27 0.38 0.22 0.23 0.26 0.28 0.19 0.20 0.23 0.24 0.28 0.30 0.29 0.31 2020 2021 Q1/22 2020 2021 Q1/22 Reported Adjusted Reported Adjusted Efficiency Ratio 1, 2 (%) 55.1 51.1 51.1 48.0 CIBC 2020 2021 Reported Adjusted 52.2 3.35 49.4 Q1/22 2020 NIM² (%) 3.50 2021 3.45 Q1/22 1 Adjusted results are non-GAAP measures. See non-GAAP section of CIBC's Q1/22 Report to Shareholders. Certain prior period information has been revised. 2 Results were affected by economic impacts from COVID-19 pandemic. 28#29Financial Highlights: U.S. Commercial Banking and Wealth Management 42.5 5.5 Average Loans¹ ($B) 41.4 6.3 44.8 5.6 34.6 Average Deposits 1,2 ($B) 44.7 41.4 39.2 37.1 35.1 2020 CIBC 2021 Q1/22 Wealth Management Loans 2020 Commercial Banking Loans 98 2020 U.S. Wealth Management: AUA1,3 ($B) 125 2021 125 Q1/22 76 2021 Q1/22 U.S. Wealth Management: AUM 1,3 ($B) 96 97 2020 2021 Q1/22 1 Results were affected by economic impacts from COVID-19 pandemic. 2 Certain prior period information has been revised. ³ Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth Management provides sub-advisory services for. Assets Under Management (AUM) amounts are included in the amounts reported under Assets Under Administration (AUA). 20 29#30Financial Highlights: Capital Markets Net Income 1, 2 ($B) 1.86 CIBC 1.31 2020 47.6 2020 0.38 0.49 0.50 0.49 2021 Efficiency Ratio 1, 2 (%) 46.8 2021 0.54 Pre-Provision Pre-Tax Earnings 1,2 ($B) Q1 Q2 2.12 Q3 Q4 Q1/22 2020 45.7 18.8 Q1/22 2020 2.40 0.48 0.61 0.66 0.65 0.71 2021 Q1/22 Return on Equity 2 (%) 25.6 2021 25.4 Q1/22 1 Metrics are on a reported and adjusted basis. Adjusted results are non-GAAP measures. See non-GAAP section of CIBC's Q1/22 Report to Shareholders. Certain prior period information has been revised.² Results were affected by COVID-19 pandemic economic impacts.. Q1 0000 Q2 Q3 Q4 30#31Disciplined Capital Deployment Underpinned by Strong Balance Sheet and Funding CIBC◇ CIBCO ONCO#32Disciplined capital deployment Organic Growth • 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 Dividend Stability • 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 12.2%, we have abundant excess capital over and above the current regulatory minimum of 10.50%¹ Dividend payout ratio remains in the 40% - 50% target range Inorganic Growth CIBC◇ • 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 10.50%. 32#33High-Quality, Client-Driven Balance Sheet Assets Liabilities & Equity $861B Cash & Repos 35% 125% Coverage Unsecured Funding Liquid Assets Trading & Investment (Liquid Assets/ Wholesale Funding) Secured Funding³ Securities Residential Mortgages1 55% Loan Portfolio Other Retail Loans 116% Coverage (Deposits + Capital / Loans) Corporate Loans 10% Other Assets² Mainly Derivatives Personal Deposits 28% Wholesale Funding Business & Gov't 64% Capital + Client-related Funding Deposits Securitization & Covered Bonds Capital Other Liabilities² 8% 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 Market (CAD Eq. 186.8BN), Maturity Profile 50 50 70 Wholesale deposits Canada, U.S. Credit card securitization Canada, U.S. 60 60 ■ Secured ■ Unsecured Wholesale Funding Sources Mortgage securitization Global MTN programs programs BN 40 40 20 32 30 29 29 28 28 24 29 29 Source: CIBC Q1-2022 Report to Shareholders 10 17 13 Covered Bond program Structured Notes 5 5 6 Less than 1m 1m-3m 3m-6m 6m-12m 1y-2y Over 2y CIBC◇ 34#35Wholesale Funding Geography " " CAD 46.6 BN Canada Mortgage Bonds Credit Cards Securitization Medium Term Notes Canadian Dollar Deposits Wholesale Funding By Currency1 EUR 11.2 BN, CHF 2.4 BN, GBP 8.6 BN, NOK: 0.15 BN Covered Bonds Medium Term Notes Certificates of Deposit CIBC " USD 83.2 BN Covered Bond Program Credit Cards Securitization " Medium Term Notes " US Dollar Deposits Credit Cards Securitization 4% Mortgage Securitization 36% Covered Bonds 60% Wholesale Funding By Product1,3 Secured 25% Medium Term Notes 39% JPY 55.0 BN Medium Term Notes HKD 8.5 BN Medium Term Notes " Certificates of Deposit Term Unsecured2 75% Deposits 1% CD and CP 49% " AUD 8.2 BN Covered Bonds Medium Term Notes Certificates of Deposit Sub-debt 4% Bankers Acceptances 7% 1 Source: CIBC Q1-2022 Report to Shareholders 2 "Unsecured" includes Obligations 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 - January 20224 Others (Includes Securitization & Covered Bonds 6% derivatives) 8% Capital² 6% Securities sold short or repurchase agreements 11% Funding Sources BN Personal deposits 220.1 Business and government deposits 233.4 Unsecured funding¹ 148.7 Securities sold short or repurchase agreements 94.0 Personal deposits 26% Others (Includes derivatives) 65.2 Capital² 52.8 Securitization & Covered Bonds 47.5 Total 861.7 Wholesale market, currency³ BN USD 99.5 CAD 47.7 Business and government Unsecured funding1 17% deposits 27% Other Total 39.6 186.8 CIBC 3 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 Q1-2022 Report to Shareholders 4 Percentages may not add up to 100% due to rounding. Source: CIBC Q1-2022 Supplementary Financial Information. 36#37Canadian Mortgage Market CIBC◇ CIBCO ONCO#38Mortgage Market Performance and Urbanization Rates Mortgage Arrears by Number of Mortgages² 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% 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Population in Top Four Cities³ . 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 0.17% in November 20211 Canada has one of the highest urbanization rates in the G7 • Over 45% of the Canadian population lives in one of the four largest cities A greater rate of urbanization is a strong contributor to increases in property values % of Population 50% 45% 40% 35% 30% 25% 20% 15% 10% CIBC 5% 0% Canada U.K. U.S. Germany France 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 • Absolute price level is moderate compared to major global urban centers Canadian housing market among others that have experienced sharp rises in residential real estate values over the last year Growth rates of house prices in Canada have diverged across regions Sweden Denmark Russia US Korea Canada Germany Netherlands UK Taiwan Brazil France Mexico China S.Africa Australia Hong Kong Japan Italy India Indonesia Spain CIBC◇ Average Home Price 2 City CAD USD Eq. Canada 748K 593K Toronto 1260K 999K Vancouver 1255K 995K Calgary 459K 364K Montreal 530K 420K Ottawa 690K 547K Latest Year over Year Increases in House Prices (%) ³ 3 Housing Index Year over Year Change, by City 4 35% -Canada -Toronto -Vancouver Calgary -Montreal Ottawa 30% 25% 20% 15% 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% 5 10 15 11 USD = 1.2616 CAD 2 Source: CREA, January 2022 3 Source: Oxford Economics, Haver Analytics 4 Source: Bloomberg, Teranet - National Bank House Price Index 39#40CIBC's Mortgage Portfolio • CIBC Canadian Residential Mortgages: CAD 248.3 BN CAD 136 BN 82% CAD 50 BN Insured ■ Uninsured CAD 27 BN 83% CAD 19 BN CAD 16 BN 52% 18% 17% 48% 72% 28% 58% 42% Ontario BC & Territories Alberta Quebec Other Condo Exposure: CAD 42.0 BN Condo Mortgages Condo Developers CAD 35.8 BN CAD 6.2 BN Uninsured 77% Undrawn 81% Insured 23% Drawn 19% 23% of CIBC's Canadian residential mortgage portfolio is insured, with 64% of insurance being provided by CMHC The average loan to value¹ of the uninsured portfolio is 48% The condo developer exposure is diversified across 102 projects • Condos account for approximately 14.5% of the total mortgage portfolio CIBC 1 LTV ratios for residential mortgages are calculated based on weighted average. The house price estimates for January 31, 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 December 31, 2021 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 ONCO#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. • There are no write-down provisions in the framework • Conversion formula under many scenarios may result in investor gains CIBC◇ 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 notes¹ . 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 ONCO#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 CIBC◇ 22 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 Underwriting bank and coordinating arranger for the Western Spirit Wind power projects, sponsored by Pattern Energy, the largest single- phase renewable power build out in U.S. history 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. 47#48We are aligned to international best practices Voluntary Memberships & Commitments: Center Climate Aligned Finance CCGG Canadian Coalition SUSTAINABLE DEVELOPMENT for Good Governance THE VOICE OF THE SHAREHOLDER GOALS CARING COMPANY NIT ORTH TIVE RIA NCDP Responsible Investment Association 30% Club GROWTH THROUGH DIVERSITY 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 Progressive Aboriginal COMMITTED RELATIONS Canadian Council for Aboriginal Business •CANADA GREEN BUILDING C G COUNCIL • BÂTIMENT RABLE DI C Frameworks: EQUATOR PRINCIPLES PRI CIBC Principles for Responsible Investment GRI cglcc Canada's LGBT+ Chamber of Commerce Charter Women i Finance •Women in Fina Empowering Sustainable Decisions ✓ PCAF Finance Charter \! in Finance Charter • Wor ACCOUNTING Partnership for Carbon Accounting Financials SASB STANDARDS BOARD WBE Canada CAMSC Canadian Aboriginal and Minority Supplier Council Conseil canadien des fournisseurs autochtones etmembres de minorités TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES FINANCE UNEP INITIATIVE#49External recognition¹ of CIBC's commitment to sustainability ✓ CDP Dec/21 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+; Peer Avg. = 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 ONCO#51Positioned to benefit from rising rates Year 1 benefit of $454 million to our net interest income from an immediate and sustained 100 bps increase as at January 31, 2022, with approximately 60% driven by short rates Year 2 benefit from rising rates (+100 bps) of approximately $840MM, driven primarily by long rates Net Interest Income Sensitivity to a +100 bps Shock ($MM) 1 Interest Rate Environment in Canada and the U.S. 3.5 3 CAD² 380 2.5 USD 74 2 1.5 Total Year 1 1 454 0.5 0 Year 2 Total 840 Feb-17 Jun-17 Nov-17 Mar-18 Aug-18 Jan-19 May-19 Oct-19 Feb-20 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 32 in the Q1/22 Management's discussion and analysis, available on SEDAR at www.sedar.com. 2 Includes CAD and other currency exposures. Jul-20 Source: Bloomberg -CAD 5-YR Swap Rate BoC Overnight Rate USD 5-YR Swap Rate Fed Funds Rate Dec-20 Apr-21 Sep-21 Jan-22 51 51#52Commercial Real Estate Exposure remains 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% Seniors Housing 5% $36.8B Retail 8% US$17.2B Healthcare 3% Hotel 2% Other 4% Multi Family 26% 70% of drawn loans investment grade³ Other 16% Multi Family 30% 34% of drawn loans investment grade³ 1 Includes $3.5B in Multi Family that is reported in residential mortgages in the Supplementary Financial Information package. 2 Includes US$1.9B in loans that are reported in other industries in the Supplementary Financial Information package, but are included here because of the nature of the security. 3 Incorporates security pledged; equivalent to S&P/Moody's rating of BBB-/Baa3 or higher. 62 52#53Canadian Real Estate Secured Personal Lending 90+ Days Delinquency Rates Q1/21 Q4/21 Q1/22 Total Mortgages 0.27% 0.17% 0.17% The Greater Vancouver Area¹ (GVA) and Greater Toronto Area¹ (GTA) continue to outperform the Canadian average Uninsured Mortgages 0.24% 0.14% 0.13% Uninsured Mortgages in GVA¹ 0.14% 0.13% 0.11% Uninsured Mortgages in GTA¹ 0.17% 0.08% 0.07% Uninsured Mortgages in Oil Provinces² 0.60% 0.47% 0.48% Mortgage Balances ($B; principal) 243 248 218 HELOC Balances ($B; principal) 18.9 18.8 18.7 132 133 121 10.5 10.4 10.2 79 82 69 5.9 6.0 6.0 28 Q1/21 32 33 2.5 2.4 2.5 Q4/21 Q1/22 Q1/21 Q4/21 Q1/22 ■ GVA 1 ■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 - Q1/22 Originations FICO score Distribution 3% 2% 3% ≤650 13% 10% 11% 46% 44% 42% 29% 29% 27% 15% 13% 13% 651-700 ■ Canada 701-750 ■ GVA² 751-800 >800 ■GTA² Loan-to-value (LTV)1 Distribution 15% 17% 16% 10% 8% 8% 4% 5% 4% <30% CIBC 41% 40% 35% 33% 37% 27% 30 to <45% ■ Canada 45 to <60% ■ GVA² 60 to ≤75% >75% ■GTA² Originations of $17B in Q1/22 Average LTV1 in Canada: 66% • GVA²: 63% • GTA²: 65% 1LTV ratios for residential mortgages are calculated based on weighted average. See page 27 of the Q1 2022 Quarterly Report for further details. 2 GVA and GTA definitions based on regional mappings from Teranet. 54#55Canadian Uninsured Residential Mortgages FICO score Distribution 11% 10% 11% 4% 4% 4% ≤650 27% 26% 23% 43% 45% 44% 18% 15% 15% 651-700 701-750 751-800 >800 ■ Canada ■ GVA² ■GTA² Loan-to-value (LTV)1 Distribution 30% 28% 26% 29% 27% 28% 23% 21% 21% 19% 19% 17% <30% 30 to <45% 45 to <60% 60 to ≤75% ■ Canada ■GVA² ■GTA² 2 CIBC◇ 5% 3% 4% >75% Better current FICO score and LTV1 distributions in GVA² and GTA² than the Canadian average Less than 1% of this portfolio has a FICO score of 650 or lower and an LTV1 over 75% Average LTV1 in Canada: 48% • GVA²: 45% GTA²: 47% 1 LTV ratios for residential mortgages are calculated based on weighted average. See page 27 of the Q1 2022 Quarterly Report for further details. 2 GVA and GTA definitions based on regional mappings from Teranet. 55#56Forward-looking Information Variables used to estimate our Expected Credit Loss¹ Forward-Looking Information Variables Avg. Value over the next 12 months Base Case Avg. Value over the remaining forecast period Base Case Avg. Value over the next 12 months Upside Case Avg. Value over the remaining forecast period Upside Case Avg. Value over the next 12 months Avg. Value over the remaining forecast period As at January 31, 2022 Canadian GDP YOY Growth US GDP YOY Growth Downside Case Downside Case 3.5% 2.4% 4.8% 2.9% 2.5% 1.8% 3.9% 2.5% 5.0% 3.1% 2.1% 1.3% Canadian Unemployment Rate 5.9% 5.9% 5.2% 5.5% 6.7% 6.6% US Unemployment Rate 3.7% 3.8% 3.5% 3.3% 5.2% 4.7% Canadian Housing Price Index Growth 5.1% 2.6% 10.3% 4.7% 2.6% (0.3)% S&P 500 Index Growth Rate 2.8% 4.6% 7.2% 6.9% (4.1)% (4.9)% Canadian Household Debt Service Ratio West Texas Intermediate Oil Price (US$) Forward-Looking Information Variables 13.8% $73 14.5% $66 13.3% $78 14.3% 14.3% 14.8% $81 $62 $54 Avg. Value over the next 12 months Avg. Value over the remaining forecast period Base Case Avg. Value over the next 12 months Upside Case Avg. Value over the remaining forecast period Upside Case Avg. Value over the next 12 months Avg. Value over the remaining forecast period As at October 31, 2021 Canadian GDP YOY Growth Base Case Downside Case Downside Case 4.2% 2.4% 5.6% 2.8% 3.1% 1.6% US GDP YOY Growth 4.7% 2.2% 5.8% 3.3% 2.8% 1.3% Canadian Unemployment Rate 6.4% 5.9% 6.0% 5.5% 7.3% 6.8% US Unemployment Rate 4.4% 3.9% 3.8% 3.4% 6.0% 5.0% Canadian Housing Price Index Growth 6.1% 2.8% 10.7% 6.3% 2.2% (2.2)% S&P 500 Index Growth Rate 6.1% 4.6% 10.3% 8.6% (0.6)% (1.7)% Canadian Household Debt Service Ratio 13.6% 14.4% 13.0% 14.2% 14.1% 14.7% West Texas Intermediate Oil Price (US$) $69 $64 $74 $81 $56 $54 CIBC 1 See page 62 of the Q1 2022 Quarterly Report for further details. 56#57Q1/22 Items of Note Amortization of acquisition-related intangible assets Transaction and integration-related costs associated with the acquisition of the Canadian Costco credit card portfolio Adjustment to Net Income attributable to common shareholders and EPS CIBC◇ Pre-Tax After-Tax & Effect NCI Effect ($MM) ($MM) EPS Effect ($/Share) Reporting Segments 20 20 15 0.03 U.S. Commercial Banking & Wealth Management Corporate & Other 13 10 33 110 25 0.02 25 0.05 Personal & Business Banking Not Applicable 57 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 7 to 10 of our Q1/22 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