Global Wealth Management Update
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 941
branches and 3,697 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
Retail
72%
Q1/23
Revenue
$3.2Bn
Residential
Mortgages
63%
Q1/23
Average
Strategic Focus
Growing Commercial Banking in select industries
(agriculture, healthcare & professionals, real estate and
technology)
Growing in under-represented provinces (BC and Quebec)
Loans
$446Bn
Financial Results ($MM)
28%
Credit Cards 2%
Other Personal
8%
16%
Business
Q1/23 Y/Y
Q/Q
11%
Reported
Business Banking
Auto
Net Income¹
Pre-Tax, Pre-Provision Profit²
$1,087
(9%)
(7%)
$1,715
8%
(1%)
Reported Net Income¹ ($MM) and NIM4 (%)
Revenue
$3,164
10%
1%
2.19%
2.22%
2.29%
2.26%
2.26%
Expenses $1,449
13%
4%
PCLS
$218
nmf
34%
1,201
1,179
1,213
1,170
1,087
Productivity Ratio³
45.8%
120 bps 120 bps
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Net Interest Margin 4
PCL Ratio³
2.26%
7 bps
19 bps
22 bps
4 bps
Medium-Term Financial Objectives
Net Income Growth 1,3
PCL Ratio on Impaired
Loans³
17 bps
5 bps
3 bps
Target5
5%+
Adjusted 4
Productivity Ratio³
Operating Leverage³
<44%
Positive
Net Income¹
Pre-Tax, Pre-Provision Profit
$1,088
(10%)
(7%)
$1,717
7%
(2%)
Expenses
Productivity Ratio
$1,447
13%
45.8%
140 bps
4%
140 bps
1 Net income attributed to equity shareholders; 2 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 81; 3 Refer to page 50 of the
Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com, 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 First Quarter 2023 Report to Shareholders, available on
http://www.sedar.com; 53-5 year target from 2020 Investor Day
21
221View entire presentation