Investor Presentation Q3 2020

Canadian Banking $MM Q3/20 Y/Y Q/Q Reported Net Income¹ $429 (53%) (10%) Pre-Tax, Pre Provision Profit $1,328 (10%) +2% Revenue $2,500 (6%) (1%) Expenses $1,172 (2%) (4%) PCLs $752 +212% Productivity Ratio 46.9% +210 bps +12% (140 bps) Net Interest Margin 2.26% (18 bps) (7 bps) PCL Ratio² 0.85% +57 bps +8 bps PCL Ratio Impaired Loans² 0.36% +6 bps 0 bps Adjusted³ • Net Income¹ $433 (53%) (10%) Pre-Tax, Pre Provision Profit $1,333 (10%) +2% Expenses $1,167 (2%) (4%) PCLS $752 +212% +12% • Productivity Ratio 46.7% +210 bps (140 bps) • NIM down 18 bps PCL Ratio² 0.85% +57 bps PCL Ratio Impaired Loans² 0.36% +6 bps +8 bps 0 bps • • YEAR-OVER-YEAR HIGHLIGHTS Adjusted Net Income down 53%³ o PCLs up 212%; mainly from performing loan PCLs o Adjusted expenses down 2%3 o Strong volume growth and lower expenses offset by lower net interest income and non-interest income Revenue down 6% 。 Net interest income down 4%; margin compression o Non-interest income down 13%; lower economic activity Loan growth of 5% o Residential mortgages up 6%; credit card loans down 13% o Business loans up 10% Deposit growth of 10% ADJUSTED NET INCOME¹³ ($MM) AND NIM (%) 2.44% 2.41% 2.36% 2.33% 2.26% 1 Attributable to equity holders of the Bank 2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 3 Refer to Non-GAAP Measures on slide 45 for adjusted results 914 902 908 481 433 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 6

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