Financial Performance and ESG Strategy Update

How Bail-In Is Expected To Work When OSFI deems a bank has ceased to or may be about to cease to continue to be viable, it may trigger temporary takeover of the bank and carry out the bail-in conversion of NVCC capital and bail-in debt to common equity. ■ There are no write-down provisions in the framework Conversion formula under many scenarios may result in investor gains 1. Pre-Loss Balance Sheet Other Senior Liabilities Bail-in Loss 2. Loss Event 3. Post Bail-in Other Senior Liabilities Debt Assets NVCC Sub-Debt Bail-in Debt Assets Assets NVCC NVCC Sub-Debt Preferred Equity CIBC For footnoted information refer to slide 39. Common Equity NVCC Preferred Equity Common Equity Other Senior Liabilities Bail-in Debt Common Equity 32

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