Investor Presentaiton

Wholesale Solid performance in Q3 Net income down 18% YoY Revenue down 1% YoY ■Lower underwriting fees and loan underwriting commitment markdowns, partially offset by higher trading-related and global transaction banking revenue P&L ($MM) PCL of $25MM Expenses up 9% YoY ■ Continued investments in Wholesale Banking's U.S. dollar strategy, including the hiring of banking, sales and trading, and technology professionals, partially offset by lower variable compensation TD Reported Q3/22 QoQ YOY Revenue 1,076 (14%) (1%) Trading-related revenue 547 (TEB)7,3 (20%) 17% PCL 25 +$34 +$23 Impaired 0 +$1 $0 Performing 25 +$33 +$23 Expenses Net Income ROE 691 (11%) 9% 271 (25%) (18%) 8.9% -420 bps -680 bps Earnings ($MM) $420 $434 $359 $330 $271 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 23 23

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