Financial Performance and ESG Strategy Update
Notes on slides 3-11
Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on page 103 in the 2022 Annual Report, available on SEDAR at www.sedar.com
TSR is calculated based on common share price appreciation plus reinvested dividend income as at October 31, 2022.
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Slide 3 - A leading Canadian financial institution
All results are in Canadian dollars unless otherwise indicated.
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Global regular head count for CIBC. This excludes FCIB, temporary employees and contingent workers.
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Calculated pursuant to Office of the Superintendent of Financial Institutions (OSFI) Capital Adequacy Requirements (CAR) Guideline, which is based on Basel Committee on Banking Supervision (BCBS) standards.
Corporate & Other not shown and as a result will not add to 100%
Includes revenue from US Commercial Banking & Wealth Management, and revenue from Capital Markets operations in the US.
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 as at Q4/22.
Subject to conversion under the bank recapitalization “bail-in" regime
Slide 5 - Consistent execution of our strategy delivering for our clients and driving growth
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See note 3 on slide 41.
Based on transactions that closed from January 1, 2022 to September 30, 2022 per the North American Renewables League Tables by Inframation.
Annual net flows are calculated based on net investment sales and include the impact of reinvested income.
Slide 6 - Disciplined capital deployment driving strong returns
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Based on adjusted measures. See the non-GAAP section on slide 40.
Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on page 101 in the 2022 Annual Report, available on SEDAR at www.sedar.com
Slide 7 - Solid performance reflecting strong execution of our strategic priorities
See note 1 on slide 41.
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Adjusted results are non-GAAP measures. See slide 40 for further details.
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Pre-provision, pre-tax earnings (PPPT) is revenue net of non-interest expenses and is a non-GAAP measure. See slide 40 for further details.
Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on page 103 in the 2022 Annual Report, available on SEDAR at www.sedar.com.
See note 2 on slide 41.
Our capital ratios are calculated pursuant to OSFI's Capital Adequacy Requirements (CAR) Guideline, which is based on BCBS standards. For additional information, see the "Capital management" section in the 2022
Annual Report, available on SEDAR at www.sedar.com.
Medium-term financial objectives are determined on an adjusted basis. Adjusted results are non-GAAP measures. See slide 40 for further details.
The 3-year compound annual growth rate (CAGR) is calculated from 2019 to 2022, and the 3-year average is a simple average from 2020 to 2022.
Slide 8 - Furthering our ESG strategy by putting our ambitions into action
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Represents commitment to provide $100MM in limited partnership investments in climate technology and energy transition funds.
$155MM funding goal includes $70MM contributed in fiscal 2021.
Slide 9 - External recognition for our commitment to sustainability
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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.
Slide 11 - Investments in top-line growth delivering for shareholders
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Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on page 103 in the 2022 Annual Report, available on SEDAR at www.sedar.com
All per common share amounts reflect the two for one common share split effective May 13, 2022, and prior periods have been restated for comparative purposes.
Adjusted results are non-GAAP measures. For additional information see slide 40.
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