Investor Presentation
Canadian Banking
Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to
over 10 million Retail, Small Business and Commercial Banking customers. It serves these customers through its network of 951
branches and 3,742 automated banking machines (ABMS), as well as online, mobile and telephone banking, and specialized sales
teams. Canadian Banking also provides an alternative self directed banking solution to over 2 million Tangerine Bank customers.
Business Mix
Retail
75%
Residential
Mortgages
Financial Results
65%
$MM
Q2/22
Y/Y
Q/Q
Q2/22
Revenue
Mix
$2.9Bn
Q2/22
25%
Business Banking
Average
Loan Mix
$420Bn
15%
Business and
Government Loans
2% Other Personal
Credit Cards Loans
10% Auto
8%
Reported
Net Income¹ $1,179
Pre-Tax, Pre Provision Profit²
Revenue
27%
(2%)
$1,579
13%
(1%)
$2,903 11%
1%
Expenses
$1,324
8%
3%
PCLS
($12)
nmf
67%
Reported Net Income¹ ($MM) and NIM4 (%)
Productivity Ratio³
45.6%
(120 bps)
100 bps
2.26%
2.23%
2.20%
2.19%
2.22%
Net Interest Margin 4
2.22%
(4 bps)
3 bps
PCL Ratio 3,5
(1 bp)
(17 bps)
2 bps
PCL Ratio on Impaired
927
1,079
1,238
1,201
1,179
13 bps
(14 bps)
1bp
Loans 3,5
Adjusted4
Q2/21
Q3/21
Q4/21
Q1/22
Q2/22
Net Income¹
$1,183
27%
(2%)
Medium-Term Financial Objectives
Net Income Growth 1,4
Target6
Pre-Tax, Pre Provision Profit
Expenses
Productivity Ratio
$1,584
13%
(1%)
$1,319
8%
3%
45.4%
(120 bps) 100 bps
5%+
Productivity Ratio4
Operating Leverage4
<44%
Positive
1 Net income attributed to equity shareholders; 2 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; 3 Refer to page 51 of the Management's Discussion & Analysis in the Bank's Second
Quarter 2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 4 Refer to
non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2022 Report to Shareholders, available on http://www.sedar.com; 5 Provision for credit
losses on certain assets - loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day
22
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