Q1 2020 Fixed Income Investor Presentation

CIBC's Mortgage Portfolio Condo Exposure • Condo Mortgages CIBC Canadian Residential Mortgages: CAD 202.2 BN Condo Developers CAD 104 BN Uninsured 67% 69% Undrawn 77% Insured 33% Drawn 23% CAD 41.9 BN ■Insured ■ Uninsured CAD 25.3 BN 73% 45% CAD 15.5 BN 31% 58% 46% 27% 55% 42% 54% Ontario British Columbia and territories Alberta Quebec Other 32% of CIBC's Canadian residential mortgage portfolio is insured, with 71% of insurance being provided by CMHC • The average loan to value¹ of the uninsured portfolio is 53% • The condo developer exposure is diversified across 109 projects • Condos account for approximately 13% of the total mortgage portfolio (1) LTV ratios for residential mortgages are calculated based on weighted average. The house price estimates for January 31, 2020 and October 31, 2019 are based on the Forward Sortation Area (FSA) level indices from the Teranet - National Bank National Composite House Price Index (Teranet) as of December 31, 2019 and September 30, 2019, respectively. Teranet is an independent estimate of the rate of change in Canadian home prices. CIBC Q1 2020 Fixed Income Investor Presentation CIBC 35 555

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