Investor Presentaiton

Canadian Banking Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to over 10 million Retail, Small Business and Commercial Banking customers. It serves these customers through its network of 945 branches and 3,706 automated banking machines (ABMS), as well as online, mobile and telephone banking, and specialized sales teams. Canadian Banking also provides an alternative self-directed banking solution to over 2 million Tangerine Bank customers. BUSINESS MIX AS AT Q3/23 Revenue Mix $3.2Bn Business Banking 26% Retail 74% Residential Mortgages 62% Credit Cards 2% Average Loans6 $446.5Bn Other Personal 8% Auto 11% STRATEGIC FOCUS Growing Commercial Banking in select industries (agriculture, healthcare & professionals, real estate and technology) Growing in under-represented provinces (BC and Quebec) FINANCIAL RESULTS ($MM) Business 17% $MM Reported Q3/23 Y/Y Q/Q Net Income¹ $1,062 (12%) REPORTED NET INCOME 1 ($MM) AND NIM 4 (%) Pre-Tax, Pre-Provision Profit² $1,768 2% 5% 2.29% 2.26% 2.26% 2.30% 2.35% Revenue $3,216 3% 3% Expenses $1,448 5% (1%) PCLS $307 227% 41% 1,213 1,170 1,087 1,060 1,062 Productivity Ratio³ 45.0% 60 bps (150 bps) Net Interest Margin4 2.35% 6 bps 5 bps PCL Ratio³ 27 bps 18 bps 7 bps Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 PCL Ratio on Impaired Loans³ 23 bps 10 bps 2 bps MEDIUM-TERM FINANCIAL OBJECTIVES 5 Adjusted4 Net Income¹ $1,063 (13%) Net Income Growth 1,3 5%+ Productivity Ratio³ <44% Positive Pre-Tax, Pre-Provision Profit² Expenses Productivity Ratio $1,769 2% 5% $1,447 5% (1%) 45.0% 80 bps (140 bps) Operating Leverage³ 1 Net income attributed to equity shareholders; 2See non-GAAP reconciliations beginning on slide 83; 3 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 5 3-5 year target from 2020 Investor Day; 6 May not add due to rounding 22

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