Investor Presentaiton

Other 1,2 REPORTED NET INCOME ¹² ($MM) (10) (67) (52) (603) (913) HIGHLIGHTS Reported net income attributable to equity holders impacted by $579 million attributable to the Canada Recovery Dividend Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 1, 2, 3 ADJUSTED NET INCOME ($MM) (67) (10) (52) (100) HIGHLIGHTS Higher funding costs net of asset repricing Lower hedging benefits (334) Lower investment gains and lower income from associate corporations Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 1 Includes all other smaller operating segments and corporate adjustments, such as the elimination of the tax-exempt income gross-up reported in net interest income, non-interest income and provision for income taxes and differences in the actual amount of costs incurred and charged to the operating segments. 2 Attributable to equity holders of the Bank 3 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com 11

View entire presentation