Q1 Financial Review

Trading Revenue (TEB)¹ Distribution² ($MM) 20 15 10 10 5 0 (5) (10) (15) T CIBC Nov-19 Dec-19 Trading Revenue VaR 1 Non-GAAP financial measure. See slide 28 for further details. 2 Trading revenue (TEB) comprises both trading net interest income and non-interest income and excludes underwriting fees, commissions, certain month-end transfer pricing and other miscellaneous adjustments. Trading revenue (TEB) excludes certain exited portfolios. ($MM) 20 20 15 10 5 0 (5) (10) Jan-20 (15) 26

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