CIBC Investor Presentation

Disciplined Capital Deployment Investing to reinvigorate our consumer business Organic Growth • Focusing on high-return projects, particularly process simplification and technology enhancements Build on positive momentum in our North American Commercial Banking, Capital Markets, and US Private Wealth Management businesses Dividend Stability • • • With a CET1 ratio of 12.1%, we have abundant excess capital over and above the current regulatory minimum of 9.0% to support our clients and maintain our current dividend In response to the COVID-19 pandemic, OSFI directed that all federally regulated financial institutions halt share buybacks and dividend increases until further notice Long-term payout ratio will remain in 40% - 50% target range with ability to run above it in the near term while continuing to support our economy and clients Inorganic Growth • 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 our dividend Long term: will remain an option Remain selective Ensure right cultural and strategic fit CIBC CIBC Investor Presentation | 36

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