Investor Presentaiton

Global Banking and Markets Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. GBM is a full service wholesale bank in the Americas, with operations in 21 countries, serving clients across Canada, the United States, Latin America, Europe and Asia-Pacific. Business Overview Asia Financial Results Canada 5% Europe Global Business 47% Banking $MM Q1/21 Y/Y Q/Q 7% Equities 56% 18% Geographic Revenue¹ Revenue By Business Line¹ Reported Net Income² $543 46% 18% $1.3B $1.3B Pre-Tax, Pre Provision Profit $722 41% 15% 32% US 35% FICC Revenue $1,336 15% 10% Expenses $614 (6%) 5% Adjusted Net Income ², ³ ($MM) and ROE³ (%) 2,3 PCLs $20 (17%) (68%) Productivity Ratio 46.0% (1,000 bps) (220 bps) 17.5% 15.4% 14.0% 17.3% 14.6% PCL Ratio4 0.08% (1 bp) (16 bps) PCL Ratio Impaired Loans4 0.06% (8 bps) (7 bps) 451 523 600 460 543 Adjusted³ Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Medium-Term Financial Objectives NIAT Growth Productivity Ratio Operating Leverage Target5 ~5% ~50% Positive Net Income² $543 20% 18% Pre-Tax, Pre Provision Profit $722 17% 15% Revenue $1,336 5% 10% PCLS Productivity Ratio PCL Ratio4 $20 46.0% 0.08% 11% (68%) (550 bps) (220 bps) 1 bp (16 bps) 1 TEB Revenue for the 3 months ended January 31, 2021. Note GBM Latam revenue contribution is reported in International Banking results; 2 Attributable to equity holders of the Bank; 3 Adjusted for impact of additional pessimistic scenario; 4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 53-5 year target from 2020 Investor Day 37

View entire presentation