Investor Presentaiton

Wholesale Term Debt Composition 89 Funding Strategy ☐ Wholesale term funding through diversified sources across domestic and international markets Well-established C$80 billion Legislative Covered Bond Program is an important pillar in global funding strategy Programmatic issuance for the established ABS program, backed by Canadian credit card receivables, in the U.S. market Broadening of investor base through currency, tenor and structure diversification Recent transactions: C$2.75B 5Y Fixed Senior Debt USD$5.50B 3/5/10Y Fixed & Float Senior Debt C$0.80B 5Y Fixed Preferred Shares USD$2.00B 3Y Fixed Covered Bond €2.50B 3Y Fixed Covered Bond AUD$2.40B 3Y Fixed & Float Covered Bond C$1.50B 3.5Y Fixed Senior Debt €2.25B 5/10Y Fixed Senior Debt By Currency 90,91 GBP $4B 3% AUD $5B 3% EUR $25B 16% CAD $61B 40% USD $59B 38% By Term 90,91 TD Wholesale Term Debt 90,91 4 to 5 Year $60B 39% < 4 Year $46B 30% 5 to 7 Year $24B 16% > 7 Year $24B 15% Term Asset Backed Securities $2B 1% Mortgage Securitization 88 $15B 10% Senior Unsecured MTN $87B 57% Capital 87 $19B 12% Covered Bonds $31B 20% 45 45

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