CIBC Q1 2019 Fixed Income Investor Presentation

Debt Programmes Summary Best economic performance amongst G7 economies as measured by long term GDP growth rate¹ Strong diversified stable economy Canada • CIBC Secured • • Aaa/AAA/AAA/AAA (Moody's/S&P/Fitch/DBRS) The World Economic Forum ranked Canada's soundness of banks first in the world from 2008 to 2016 and second in the world in 2017 and 2018² Well capitalized top 5 Canadian Bank with CET1, Tier 1 and total capital ratios of 11.2%, 12.7% and 14.7% respectively, as of January 31, 2019³ • • Deposit/Counterparty/Legacy Senior Aa2/A+/AA-/AA (Moody's/S&P/Fitch/DBRS) Senior A2/BBB+/AA/AA (low) (Moody's/S&P/Fitch/DBRS) CAD 25 billion Legislative Covered Bond Programme (London) • AAA-rated (or equivalent) from minimum two rating agencies Collateral consisting of Canadian residential mortgage loans with LTV capped at 80% CAD 11 billion Credit Card ABS Programme (CARDS II Trust) • Issuance in CAD and USD (Reg S/144A) AAA(sf)-rated (or equivalent) from at least two rating agencies International Debt Programmes • USD 20 billion Euro Medium Term Note (EMTN) Programme (London) • • USD 7.5 billion Structured Note Programme USD 10 billion Multi-jurisdictional Disclosure System (MJDS) Base Shelf (Toronto and New York) USD 2 billion Medium Term Note (MTN) Programme AUD 5 billion Medium Term Note Programme Domestic Debt Programmes • Senior • Senior Notes, prospectus exempt • CAD 10 billion Canadian Base Shelf (regulatory capital instruments) • 5 billion Principal at Risk (PaR) Structured Note Programme 1 Source: International Monetary Fund 2 3 4 5 Source: World Economic Forum, The Global Competitiveness Report 2017-2018 CIBC capital requirements are determined in accordance with guidelines issued by the Office of the Superintendent of Financial Institutions (OSFI), which are based upon the risk-based capital standards developed by the Basel Committee on Banking Supervision (BCBS). OSFI requires all institutions to achieve target capital ratios that meet or exceed the 2019 all-in minimum ratios plus a conservation buffer. Please see Q1, 2019 supplementary financial information for additional details. DBRS LT Issuer Rating; Moody's LT Deposit and Counterparty Risk Assessment Rating; S&P's Issuer Credit Rating; Fitch LT Issuer Default and Derivative Counterparty Rating. Includes: (a) Senior debt issued prior to September 23, 2018; and (b) Senior debt issued on or after September 23, 2018 which is excluded from the bank recapitalization "bail-in" regime. Subject to conversion under the bank recapitalization "bail-in" regime CIBC 3

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