Investor Presentaiton

Global Banking and Markets Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. GBM is a full service wholesale bank in the Americas, with operations in 21 countries, serving clients across Canada, the United States, Latin America, Europe and Asia-Pacific. Business Overview Asia Financial Results Canada 5% Europe Global Business Banking 50% $MM FY/20 FY/FY 6% 53% Equities 16% Geographic Revenue¹ $1.2B Revenue By Business Line¹ $1.2B Reported Net Income² $1,955 +27% Pre-Tax, Pre Provision Profit $2,909 +44% 36% Revenue $5,382 +20% US 34% FICC Expenses $2,473 PCLS $390 N/A Adjusted Net Income ²,³ ($MM) and ROE³ (%) 2,3 Productivity Ratio 45.9% (910 bps) PCL Ratio4 0.35% 15.4% 13.8% 14.0% 17.5% 14.6% +37 bps PCL Ratio Impaired Loans4 0.12% +12 bps Adjusted³ 600 451 523 Net Income² $2,034 +33% 460 405 Pre-Tax, Pre Provision Profit $3,011 +49% Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Medium-Term Financial Objectives Productivity Ratio Revenue PCLS $384 45.1% $5,484 +22% N/A (990 bps) NIAT Growth Productivity Ratio Operating Leverage Target5 ~5% ~50% Positive 1 TEB Revenue for the 3 months ended October 31, 2020; 2 Attributable to equity holders of the Bank; 3 Adjusted for impact of additional pessimistic scenario; 4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 53-5 year target from 2020 Investor Day 38

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