Q3 2019 Fixed Income Investor Presentation

• CIBC's Mortgage Portfolio Condo Exposure Condo Mortgages CAD 24.8 BN CIBC Canadian Residential Mortgages: CAD 200.6 BN Condo Developers CAD 4.9 BN CAD 103 BN Uninsured 66% 69% Undrawn 71% CAD 42.1 BN ■Insured Uninsured Insured 34% Drawn 29% CAD 25.4 BN 73% 45% CAD 14.7BN CAD 15.5 BN 31% 58% 46% 27% 55% 42% 54% Ontario British Columbia and territories Alberta Quebec Other 34% of CIBC's Canadian residential mortgage portfolio is insured, with 72% of insurance being provided by CMHC The average loan to value¹ of the uninsured portfolio is 54% • The condo developer exposure is diversified across 104 projects • Condos account for approximately 13% of the total mortgage portfolio (1) LTV ratios for residential mortgages are calculated based on weighted average. The house price estimates for July 31, 2019 and October 31, 2018 are based on the Forward Sortation Area (FSA) level indices from the Teranet - National Bank National Composite House Price Index (Teranet) as of June 30, 2019 and September 30, 2018 respectively. Teranet an independent estimate of the rate of change in Canadian home prices. CIBC Q3 2019 Fixed Income Investor Presentation CIBC 35 555

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