Strategic Priorities & Financial Overview
Notes on slides 3-9
Slide 3 A leading Canadian financial institution
All results are in Canadian dollars unless otherwise indicated.
Global regular head count for CIBC. This excludes FCIB, temporary employees and contingent workers.
For additional information on the composition, see the "Glossary" section on pages 101-107 in the 2023 Annual Report, available on SEDAR+ at www.sedarplus.ca.
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TSR is calculated based on common share price appreciation plus reinvested dividend income as at October 31, 2023.
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Includes revenue from US Commercial Banking & Wealth Management, and revenue from Capital Markets operations in the US.
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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 included in total NIAT.
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 Q4/23.
Subject to conversion under the bank recapitalization "bail-in❞ regime.
Slide 5 - Making progress against our medium-term objectives
Based on adjusted measures. Adjusted measures are non-GAAP measures. See slide 38 for further details.
Medium-term targets are defined as through the cycle, which is currently defined as three to five years, assuming a normal business environment and credit cycle.
The 3-year compound annual growth rate (CAGR) is calculated from 2020 to 2023 and the 5-year CAGR is calculated from 2018 to 2023.
Adjusted results are non-GAAP measures. See slide 38 for further details.
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See note 1 on slide 39.
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See note 2 on slide 39.
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See note 3 on slide 39.
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See note 4 on slide 39.
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For additional information on the composition, see the "Glossary" section on pages 101-107 in the 2023 Annual Report, available on SEDAR+ at www.sedarplus.ca.
Slide 6 - Furthering our ESG Strategy
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Sustainable financing largely relates to client activities that support, but are not limited to, sectors such as renewable and emission-free energy, energy efficiency, sustainable infrastructure or technology, sustainable
real estate, affordable housing and basic infrastructure, and products such as, sustainability linked and green financial products. The services offered by CIBC included in our sustainable finance commitment to support
these client activities include loans and loan syndications, debt and equity underwritings, M&A advisory and principal investments. The affordable housing sector includes loans and investments that meet our obligations
under the U.S. Community Reinvestment Act.
Includes donations from CIBC to CIBC Foundation as well as donations from the CIBC Foundation funded from investment growth.
Slide 8 - Investments in top-line growth delivering for shareholders
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For additional information on the composition, see the "Glossary" section on pages 101-107 in the 2023 Annual Report, available on SEDAR+ at www.sedarplus.ca.
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 38.
Slide 9 Solid returns underpinned by a commitment to balance sheet strength
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Capital ratios are calculated pursuant to the Office of the Superintendent of Financial Institution's (OSFI's) Capital Adequacy Requirements (CAR) Guideline, the leverage ratio is calculated pursuant to OSFI's
Leverage Requirements Guideline, and the LCR is calculated pursuant to OSFI's Liquidity Adequacy Requirements (LAR) Guideline, all of which are based on the Basel Committee on Banking Supervision (BCBS)
standards. For additional information, see the "Capital management" and "Liquidity risk" sections in the 2023 Annual Report, available on SEDAR+ at www.sedarplus.ca.
CIBC
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