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Investor Presentaiton

STRONG CAPITAL POSITION CET1 ratio 11.65% Q1 20 0.52% Net Income Ex. PCL (Net of Div.) (0.41%) (0.71%) 0.11% 0.23% ◉ 11.39% Total PCL (After-tax) RWA (Ex. FX) ECL Transitional Add-Back(2) Pension and Q2 20 Other ☐ Strong CET1 ratio of 11.4% (1) Strong pre-tax pre-provision earnings from underlying businesses. Prudent approach to provisioning Total PCL of $504M (41 bps after-tax) ■ RWA growth primarily driven by Credit Risk (see next slide) ◉ Favorable pension plan remeasurement - Favorable hedging of assets Lower pension fund liability due to higher discount rates (1) Ratio takes into account the transitional relief measures granted by OSFI in the context of COVID-19. For additional details regarding relief measures introduced by the regulatory authorities, please refer to pages 7-8 of the Bank's Q2-2020 Report to Shareholders. (2) Transitional measure applicable to expected credit loss provisioning. 17
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