Investor Presentaiton

Global Wealth Management $MM, except AUM/AUA Q1/21 Y/Y Q/Q Reported • Net Income¹ $418 37% 29% Pre-Tax, Pre Provision Profit $573 36% 31% Revenue $1,390 20% 19% Expenses $817 11% 13% PCLS $4 nmf nmf Productivity Ratio 58.8% (490 bps) (350 bps) AUM ($B) $314 5% 8% AUA ($B) $546 10% 9% Adjusted² Net Income¹ $425 34% 28% Pre-Tax, Pre Provision Profit • $582 34% 29% Expenses $808 12% 13% PCLS $4 nmf nmf • Productivity Ratio 58.1% (430 bps) (300 bps) AUM AUA +5% +10% YEAR-OVER-YEAR HIGHLIGHTS Adjusted net income² +34% o Adjusted net income +14% excluding Q1/21 performance fees o Canadian wealth management +49% Revenue +20% driven by: o Performance fees³ o Higher brokerage fees from elevated iTRADE volumes o Higher mutual fund fees o Solid volume growth in Private Banking Adjusted expenses² +12% Adjusted operating leverage² was +8.2% Adjusted productivity ratio² improved 430 bps AUM +5% and AUA +10% o Driven by strong net sales and market appreciation ADJUSTED NET INCOME¹² ($MM) AND ROE² (%) Y/Y Y/Y 298 314 546 17.9% 292 -12% 497 502 38 109 43 38 Y/Y 98 107 +12% Y/Y 13.7% 13.8% 14.3% 14.3% 425 62 255 254 276 +8% 399 437 395 Y/Y +10% Y/Y 318 314 332 333 363 Q1/20 Q4/20 Q1/21 Canada Q1/20 Q4/20 International Q1/21 Q1/20 Q2/20 Q3/20 ■ Performance Fees Q4/20 Q1/21 1 Attributable to equity holders of the Bank 2 Refer to Non-GAAP Measures on slide 37 for adjusted results 3 The increase in performance fees was derived from substantial benchmark outperformance by certain investment funds. Less than 3% of total GWM Assets Under Management are eligible for performance fees 8

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