Investor Presentation

Disciplined capital deployment Organic Growth • Investing to strengthen our consumer business Focusing on high-return initiatives, particularly technology enhancements and process simplification Build on positive momentum in our North American Commercial Banking, Capital Markets, and US Private Wealth Management businesses Dividend Stability • On November 4, 2021 OSFI announced a lifting of the restriction around dividend increases and share repurchases that had been introduced in March 2020 in response to the pandemic. With a CET1 ratio of 12.2%, we have abundant excess capital over and above the current regulatory minimum of 10.50%¹ Dividend payout ratio remains in the 40% - 50% target range Inorganic Growth CIBC◇ • Near term: do not expect any sizeable M&A in the U.S. as we continue to focus our capital allocation on supporting our clients and maintaining a dividend payout ratio in our target range Long term: will remain an option - Remain selective Ensure right cultural and strategic fit 1 As per OSFI's announcement on June 17, 2021, the Domestic Stability Buffer has increased to 2.50% effective Oct 31, 2021, which increased the OSFI minimum target CET1 ratio to 10.50%. 32

View entire presentation