CIBC Q1 2019 Fixed Income Investor Presentation

CIBC's Mortgage Portfolio • Condo Exposure CIBC Canadian Residential Mortgages: CAD 201.4 BN Condo Mortgages CAD 24.1 BN Condo Developers CAD 4.6 BN CAD 103 BN ■Insured Uninsured Uninsured 62% Insured 38% Undrawn 65% 68% CAD 42.4 BN CAD 25.6 BN 72% 44% CAD 14.7BN CAD 15.7 BN 32% Drawn 35% 28% 56% 57% 43% 45% 55% Ontario British Columbia and territories Alberta Quebec Other 34 37% of CIBC's Canadian residential mortgage portfolio is insured, with 72% of insurance being provided by CMHC The average loan to value¹ of the uninsured portfolio is 54% • The condo developer exposure is diversified across 104 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, 2019 and October 31, 2018 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, 2018 and September 30, 2018 respectively. Teranet is an independent estimate of the rate of change in Canadian home prices. CIBC Q1 2019 Fixed Income Investor Presentation CIBC

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