Canadian Banking and Residential Mortgages Overview

International Banking International Banking has a strong and diverse franchise with more than 10 million Retail, Corporate and Commercial customers. International Banking continues to offer significant potential for the Bank, with a geographical footprint encompassing the Pacific Alliance countries of Mexico, Colombia, Peru and Chile as well as Central America and the Caribbean. Business Mix Financial Results Business Loans Constant dollar basis²,6 55% Asia 2% Q1/22 Revenue Mix 20% $2.4B Credit Q1/22 $MM Q1/22 Q1/21 Y/Y² Q4/21 Q/Q² C&CA 78% Latin America Auto 2% Personal Loans Cards 5% Loan Reported Mix¹ 11% $143B Net Income³ Pre-Tax, Pre Provision $545 $361 51% $518 5% $1,112 $1,065 4% $1,042 7% 28% Profit4 Residential Mortgages Revenue $2,397 $2,374 1% $2,286 5% Expenses $1,285 $1,309 (2%) $1,244 3% Reported Net Income³ ($MM) and NIMⓇ (%) PCLS $274 $479 (43%) $312 (12%) 4.03% 3.95% 3.72% 3.69% 3.76% Productivity Ratio5 Net Interest Margin 53.6% 54.7% (110 bps) 54.3% (70 bps) 3.76% 4.03% (27 bps) 3.69% 7 bps PCL Ratio 5,7 PCL Ratio Impaired Loans 5,7 77 bps 149 bps (72 bps) 91 bps (14 bps) 81 bps 150 bps (69 bps) 118 bps (37 bps) 486 528 545 389 420 Adjusted5 Net Income³ Pre-Tax, Pre Provision $552 $369 50% $525 5% $1,122 $1,077 4% $1,052 7% Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Profit Medium-Term Financial Objectives Net Income Growth 3,6 Productivity Ratio6 Target³ 9%+ Expenses Productivity Ratio $1,275 $1,297 53.2% 54.2% (2%) (100 bps) 53.9% $1,234 3% (70 bps) Operating Leverage6 <50% Positive 1 May not add due to rounding; 2Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis; 3 Net income attributed to equity shareholders; 4 Pre-Tax, Pre- Provision Profit defined as revenues less expenses; 5 Refer to page 48 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 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; 6 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to Shareholders, available on http://www.sedar.com; 7 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 8 3-5 year target from 2020 Investor Day 27

View entire presentation