Canadian House Prices and Banking Performance
Notes on slides 3-12
Slide 3 A leading Canadian financial institution
All results are in Canadian dollars unless otherwise indicated.
For additional information on the composition, see the "Glossary" section on pages 42-48 in the Q1/23 Report to Shareholders, available on SEDAR at www.sedar.com.
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Global regular head count for CIBC. This excludes FCIB, temporary employees and contingent workers.
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Based on adjusted measures. See the non-GAAP section on slide 40.
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TSR is calculated based on common share price appreciation plus reinvested dividend income as at January 31, 2023.
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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.
Includes revenue from US Commercial Banking & Wealth Management, and revenue from Capital Markets operations in the US.
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 Q1/23.
Subject to conversion under the bank recapitalization "bail-in" regime.
Slide 5 Consistent execution of our strategy delivering for our clients and supporting profitable growth
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Metric is as of December 2022.
Reflects financial transactions only.
Based on the 2022 League Tables Report for Greenfield and Energy Transition Lending by New Project Media.
Funds Managed includes loans and acceptances, and deposits under the Innovation Banking platform. We believe that funds managed provides the reader with a better understanding of how management assesses the
size of our total client relationships.
Slide 6 - Disciplined capital deployment driving strong returns
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Based on adjusted measures. See the non-GAAP section on slide 40.
For additional information on the composition, see the "Glossary" section on pages 42-48 in the Q1/23 Report to Shareholders, available on SEDAR at www.sedar.com.
Slide 7 Recent Momentum Supported Increased Through the Cycle Financial Objectives
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We have set through the cycle targets for each of these measures, which we currently define as three to five years, assuming a normal business environment and credit cycle.
Based on adjusted measures. See the non-GAAP section on slide 40.
Slide 8 - Furthering our ESG strategy by putting our ambitions into action
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Represents commitment to provide $100MM in limited partnership investments in climate technology and energy transition funds.
$155MM funding goal includes $70MM contributed in fiscal 2021.
Slide 9 - External recognition for our commitment to sustainability
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Ratings are not a recommendation to make an investment in any security of CIBC and may be revised or withdrawn at any time by the issuing organization.
Slide 11 Investments in top-line growth delivering for shareholders
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For additional information on the composition, see the "Glossary" section on pages 42-48 in the Q1/23 Report to Shareholders, available on SEDAR at www.sedar.com.
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 40.
Slide 12 - 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 Q1/23 Report to Shareholders, available on SEDAR at www.sedar.com.
CIBC
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