Investor Presentaiton

Risk Adjusted Margin¹ and NIM² RISK ADJUSTED MARGIN 3.31% 3.31% 3.22% 3.22% 3.03% ALL-BANK NET INTEREST MARGIN 1 bp 2.30% (5 bps) 2.22% 2.23% 2.20% 2.10% 222 bps 2.08% 2.12% 2.05% 2.02% 1.94% 218 bps Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q3/22 Spreads Business Mix Q4/22 All-Bank Canadian Banking International Banking CANADIAN BANKING NET INTEREST MARGIN 229 bps INTERNATIONAL BANKING NET INTEREST MARGIN³ 4 bps (3 bps) (4 bps) 395 bps 226 bps 13 bps 2 bps (2 bps) 408 bps Q3/22 Spreads Prime BA/CDOR Compression Mortgage Prepayment Fees Q4/22 Q3/22 Spreads Inflation Business Mix Q4/22 1 Risk-Adjusted Margin calculated as (Net Interest Income less Provision for Credit Losses) / Average Core Earning Assets. See non-GAAP reconciliations beginning on slide 43 2 Refer to non-GAAP measures on page 17 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, available on http://www.sedar.com 3 Prior period has been restated to include as a deduction non-interest bearing deposits with banks, to align with the Bank's definition 22 22

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