CIBC Investor Presentation
...Through Investments in Top-Line Growth and Improving Efficiency
Adjusted Revenue (TEB) 1,2,3 ($B)
$18.1
$18.7
$16.3
Adjusted Non-Interest Expenses 1,3 ($B)
$18.9
$10.1
$10.4
$9.3
$4.6
$4.8
$10.0
$4.6
$5.0
$4.9
$5.0
2020
2021
2017
2018
2019
2017
2018
2019
Adjusted Efficiency Ratio (TEB) 1,2,3 (%)
$10.6
$2.6
$2.6
$5.4
$2.6
$2.7
$2.7
$2.7
2020
2021
Adjusted Net Income¹,3 ($B)
57.2%
55.6%
55.5%
55.8%
54.9%
$5.5
$5.4
$4.7
$4.4
$1.3
$3.3
$1.2
$1.7
$0.4
$1.5
$1.6
2017
2018
2019
2020
Q2 2021
2017
2018
2019
2020
2021
Q1 Q2
Q3 Q4
CIBC
1 Adj. results are non-GAAP measures. See non-GAAP section of CIBC's Q2/21 Report to Shareholders. 2 TEB = Taxable Equivalent Basis - a non-GAAP financial measure representing the gross up of tax-exempt revenue
on certain securities to an equivalent before-tax basis to facilitate comparison of NII from both taxable and tax-exempt sources. 3 F20 results were affected by COVID-19 pandemic economic impacts.
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