Seeing Beyond Numbers

Why Invest? | Prudent capital management Capital Management Fundamentals ✓ CET1 operating range >8.5% ✓ Excess capital >$250MM ✓ Flexibility to support organic growth and strategic acquisitions Shareholder Value Creation ✓ Dividend payout ratio policy of 40-50% 10% dividend increase in Q1/22 ✓ Prudent 2% NCIB¹ program over 2022 1 Normal Course Issuer Bid (NCIB) Seeing Beyond Numbers A healthy capital position² Common Equity Tier 1 capital ratio³ (in %) 10.2 9.6 9.8 9.0 9.0 7.9 2017 2018 2019 2020 2021 Q1 FY22 2 On a standardized basis versus AIRB 3 In accordance with OSFI's "Capital Adequacy Requirements" guidelines. 37

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