CIBC Investor Presentation

CIBC's Mortgage Portfolio CIBC Canadian Residential Mortgages: CAD 212.0 BN CAD 111 BN Condo Exposure: CAD 34.0 BN Condo Mortgages Condo Developers 74% CAD 43 BN Insured ■ Uninsured CAD 26 BN 76% CAD 16 BN 47% CAD 16 BN 26% 62% 50% 53% 24% 38% 50% Ontario British Columbia and territories Alberta Quebec Other • CAD 28 BN CAD 6 BN Uninsured 69% Undrawn 76% Insured Drawn 31% 24% 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 52% The condo developer exposure is diversified across 107 projects Condos account for approximately 13% of the total mortgage portfolio LTV ratios for residential mortgages are calculated based on weighted average. The house price estimates for October 31, 2020 and 2019 are based on the Forward Sortation Area level indices from the Teranet - National Bank National Composite House Price Index (Teranet) as of September 30, 2020 and 2019, respectively. Teranet is an independent estimate of the rate of change in Canadian home prices. CIBC CIBC Investor Presentation | 44

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