Investor Presentaiton
Canadian Banking
$MM
Q4/21
Y/Y
Q/Q
Reported
Net Income¹
$1,238
59%
15%
Pre-Tax, Pre-Provision Profit²
$1,580
14%
3%
Revenue
$2,831
10%
1%
Expenses
$1,251
6%
(1%)
PCLS
($96)
nmf
nmf
Productivity Ratio³
44.2%
(200 bps)
(110 bps)
Net Interest Margin4
2.20%
(6 bps)
(3 bps)
PCL Ratio³
(10 bps)
(47 bps)
(17 bps)
PCL Ratio on Impaired Loans³
10 bps
(17 bps)
(4 bps)
Adjusted4
Net Income¹
$1,242
59%
15%
Pre-Tax, Pre-Provision Profit
$1,586
14%
Expenses
Productivity Ratio
$1,245
6%
3%
(1%)
44.0%
(200 bps)
(110 bps)
•
•
.
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted net income¹ up 59% (up 15% Q/Q)
o Pre-tax, pre-provision profit up 14%
o PCLs down due to more favourable credit and
macroeconomic outlook
Revenue up 10% (up 1% Q/Q)
。 Non-interest income up 22%, driven by continued
rebound in fee income
。 Net interest income up 7% from strong loan growth
NIM down 6 bps
o Changes in business mix towards secured lending
Adjusted expenses up 6% (down 1% Q/Q)
FY21 adjusted operating leverage 4 of positive 2.9%
Loan growth of 10%
o Residential mortgages up 13%
o Business loans up 11%
•
Deposit growth of 7%
ADJUSTED NET INCOME ($MM) AND NIM (%)
2.26%
2.26%
2.26%
2.23%
2.20%
1,083
1,242
915
931
782
1 Attributable to equity holders of the Bank
Q4/20
Q1/21
Q2/21
Q3/21
Q4/21
2 Pre-Tax, Pre-Provision Profit defined as revenues less expenses
3 Refer to page 141 of the Management's Discussion & Analysis in the Bank's 2021 Annual Report, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation
is incorporated by reference hereto
8
4 Refer to non-GAAP measures on page 17 of the Management's Discussion & Analysis in the Bank's 2021 Annual Report, available on http://www.sedar.comView entire presentation