Investor Presentaiton

Q4 2021 Financial Performance $MM, except EPS Q4/21 Y/Y Q/Q Reported Net Income $2,559 35% 1% Pre-Tax, Pre-Provision Profit¹ $3,416 (1%) (7%) • Diluted EPS $1.97 39% (1%) Revenue $7,687 2% (1%) Expenses $4,271 5% 4% Productivity Ratio² 55.6% 150 bps 280 bps Net Interest Margin³ 2.17% (5 bps) (6 bps) PCL Ratio² 10 bps (63 bps) (14 bps) PCL Ratio on Impaired Loans² 31 bps (23 bps) (22 bps) Adjusted³ Net Income $2,716 40% 6% Pre-Tax, Pre-Provision Profit $3,629 4% (2%) Diluted EPS $2.10 45% 4% Expenses $4,058 1% Productivity Ratio 52.8% (50 bps) 30 bps • ADJUSTED NET INCOME YEAR-OVER-YEAR ($MM) YEAR-OVER-YEAR HIGHLIGHTS Adjusted EPS up 45%; up 4% Q/Q Adjusted pre-tax, pre-provision profit up 4% Revenue up 2% o FX impacted revenue growth by -2% o Net interest income down 1% o Non-interest income up 7% Net interest margin down 6 bps Q/Q o Lower contribution from asset/liability management activities, as well as lower margins driven by business mix Adjusted expenses up 1% (flat Q/Q) o Restructuring charge of $126MM pre-tax ($93MM after-tax) Strong adjusted ROE³ of 15.6% ADJUSTED NET INCOME4 BY BUSINESS SEGMENT ($MM) +59% Q4/20 Q4/21 963 (55) 223 (312) +103%5 (41) +18% +9% 2,716 1,242 1,938 782 333 392 460 502 535 283 Q4/20 Net interest Non-interest Income income PCLS Non-interest Taxes expenses Q4/21 Canadian Banking Global Wealth Management Global Banking and Markets International 1 Pre-Tax, Pre-Provision Profit defined as revenues less expenses 2 Refer to page 141 of the Management's Discussion & Analysis in the Bank's 2021 Annual Report, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 3 Refer to non-GAAP measures on page 17 of the Management's Discussion & Analysis in the Bank's 2021 Annual Report, available on http://www.sedar.com Banking 4 Attributable to equity holders of the Bank 5Y/Y growth rate is on a constant dollars basis 6

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