Financial Performance and ESG Strategy Update
Notes on slides 19-23
Slide 19 Highlights - Canadian Commercial Banking & Wealth Management
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Adjusted results are non-GAAP measures. See slide 40 for further details.
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 40 for further details.
Comprises loans and acceptances and notional amount of letters of credit. Loan amounts are stated before any related allowances.
Assets under management (AUM) are included in assets under administration (AUA).
Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found on page 101 in the Annual Report, available on SEDAR at www.sedar.com.
Represents loans and deposits for Commercial Banking and Wealth Management. Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing
balances.
Based on Commercial and Business Banking loans and deposits, and a comparison to the Big 6 Canadian banks per data disclosed in Supplementary Financial Information material as of Q3/22.
Annual net flows are calculated based on net investment sales from Private Wealth Management and include the impact of reinvested income.
A referral is defined as a single opportunity received by one line of business, from another line of business. The opportunity could be for an existing client of the referring party, or a new client to the Bank.
Highlights - U.S. Commercial Banking & Wealth Management
Slide 20
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Adjusted results are non-GAAP measures. See slide 40 for further details.
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 40 for further details.
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Loan amounts are stated before any related allowances or purchase accounting adjustments.
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Assets under management (AUM) are included in assets under administration (AUA). Includes certain Canadian Commercial Banking and Wealth Management assets that U.S. Commercial Banking and Wealth
Management provides sub-advisory services for.
Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing balances.
Annual net flows include the impact of reinvested income and are calculated based on net sales as a percentage of assets under management.
Slide 21 - Highlights - Capital Markets
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Adjusted results are non-GAAP measures. See slide 40 for further details.
Revenue is reported on a taxable equivalent basis (TEB). TEB adjustment in Q4/22 was $51 million.
Pre-provision, pre-tax earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 40 for further details.
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Loan amounts are before any related allowances or purchase accounting adjustments.
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Loan and deposit growth is calculated using average balances. Average balances are calculated as a weighted average of daily closing balances
Slide 23 High-quality, client-driven balance sheet
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Securitized agency mortgage-backed securities (MBS) are on balance sheet as per IFRS.
Derivatives related assets, are largely offset by derivatives related liabilities. Under IFRS derivative amounts with master netting agreements cannot be offset and the gross derivative assets and liabilities are reported on
balance sheet.
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Includes obligations related to securities sold short, cash collateral on securities lent and obligations related to securities under repurchase agreements.
Capital includes subordinated liabilities
CIBC
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