Investor Presentaiton
Caution Regarding Forward Looking Statements
In this document and in other documents filed with Canadian regulatory authorities or in other communications, Laurentian Bank of Canada may from time to time make written or oral
forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Bank's business
plan and financial objectives. The forward-looking statements contained in this document are used to assist readers in obtaining a better understanding of the Bank's financial position and
the results of operations as at and for the periods ended on the dates presented and may not be appropriate for other purposes. Forward-looking statements typically use the conditional,
as well as words such as prospects, believe, estimate, forecast, project, expect, anticipate, plan, may, should, could and would, or the negative of these terms, variations thereof or similar
terminology. Some of the specific forward-looking statements in this document include, but are not limited to, statements with respect to the expected timing and completion of the
acquisition described herein, the anticipated sources of financing thereof (including the related equity financings (collectively, the "Equity Financing")); the fact that closing of the acquisition
is subject to certain conditions; anticipated benefits of the acquisition, including the expected impact on the Bank's size, operations, capabilities, development, growth drivers and
opportunities, geographic reach, activities, attributes, profile, business services portfolio and loans, revenue and assets mix, market position, profitability, performance, and strategy; the
expected impact of the acquisition on the Bank's and/or NCF's earnings per share and margins, as well as anticipated accretion thereto; projected NCF net interest margins; expectations
regarding the Bank's business model, transformation plan and strategy, the maintenance of the Bank's Basel III Common Equity Tier 1 ratio, the retention of NCF management and
employees and the strategic fit and complementarity of NCF with the Bank; anticipated revenue synergies and estimated transaction and integration costs and the timing of incurrence
thereof.
By their very nature, forward-looking statements are based on assumptions and involve inherent risks and uncertainties, both general and specific in nature. It is therefore possible that the
forecasts, projections and other forward-looking statements will not be achieved or will prove to be inaccurate. Although the Bank believes that the expectations reflected in these forward-
looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Certain important assumptions by the Bank in making forward-looking
statements include, but are not limited to: the satisfaction of all conditions to the completion of Acquisition and the related Equity Financing within the anticipated timeframe; the
maintenance of the Bank's Basel III Common Equity Tier 1 ratio; the Bank's ability to execute its transformation plan and strategy; the successful and timely integration of the Bank and
NCF and the realization of the anticipated benefits and synergies of the acquisition in the timeframe anticipated, including impact and accretion in various financial metrics; the ability to
retain management and key employees of NCF; desired attributes of an equipment finance platform; the growth potential in the equipment finance niche market; the ability of the Bank to
access the capital markets; the absence of significant undisclosed costs or liabilities associated with the acquisition; the absence of significant changes in foreign currency exchange rates
or significant variability in interest rates; the ability to hedge exposures to fluctuations in interest rates and foreign exchange rates; the expectation of regulatory stability; no downturn in
economic conditions; sufficient liquidity and capital resources; no material changes in competition, market conditions or in government monetary, fiscal and economic policies; and the
maintenance of credit ratings.
The Bank cautions readers against placing undue reliance on forward-looking statements when making decisions, as the actual results could differ considerably from the opinions, plans,
objectives, expectations, forecasts, estimates and intentions expressed in such forward-looking statements due to various material factors. Among other things, these factors include: the
failure or delay to receive or fulfill regulatory approvals and notifications or otherwise satisfy the conditions to the completion of the acquisition or the Equity Financing; potential undisclosed
costs or liabilities associated with the acquisition; historical and pro forma consolidated financial information may not be representative of future performance; reputational risks and the
reaction of the Bank's and NCF's personnel and customers to the transaction; the failure to realize, in the timeframe anticipated or at all, the anticipated benefits and synergies of the
acquisition; factors relating to the integration of the Bank and NCF, diversion of management time and unanticipated costs of integration; the Bank's limited experience in the U.S. market
and in inventory financing; difficulties in the operation of the Bank's transformation plan and in particular the reorganization of retail branches, the modernization of the core banking system
and adoption of the Advanced Internal Ratings-Based approach to credit risk; exchange rate risk; foreign currency exposure risk; changes in capital market conditions, changes in
government monetary, fiscal and economic policies, changes in interest rates, inflation levels and general economic conditions, legislative and regulatory developments, changes in
competition, adverse modifications to credit ratings, scarcity of human resources, and developments in the technological environment.
The Bank further cautions that the foregoing list of factors is not exhaustive. For more information on the risks, uncertainties and assumptions that would cause the Bank's actual results to
differ from current expectations, please also refer to the Management's Discussion and Analysis under the title "Risk Appetite and Risk Management Framework" in the Bank's Annual
Report, as well as to other public filings available at www.sedar.com
The Bank does not undertake to update any forward-looking statements, whether oral or written, made by itself or on its behalf, except to the extent required by securities regulations.
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