Seeing Beyond Numbers

Why Invest? | Strong record of credit quality Prudent Approach to Risk Management ✓ Strong underwriting discipline ✓ Highly collateralized asset base Risk-Adjusted Return Mindset ➤ Growth of Commercial Banking will drive PCL towards high-teens while improving profitability ➤ Additional opportunities for higher risk- adjusted returns within our risk appetite 1 As a % of average loans and acceptances 2 Weighted-average PCL based on industry data Seeing Beyond Numbers Good track record of strong credit quality Provision for credit losses (PCL in bps) 1 37 35 30 31 11 12 13 78 15 11 3 4 2017 2018 2019 2020 2021 Q1 FY22 2 ■Laurentian Bank ■Major Canadian Banks 39

View entire presentation