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CIBC Investor Presentation

Financial Highlights: Capital Markets Adjusted Net IncomeĀ¹, 2, 3 ($B) Adjusted Pre-Provision Pre-Tax Earnings1,2 ($B) $1.31 $1.67 $1.12 $0.99 $0.31 $0.44 $0.50 $0.18 $0.38 $0.49 2019 2020 2021 2019 Q1 Q2 Q3 Q4 51.9% 2019 Adjusted Efficiency Ratio 1, 2 (%) 47.6% 2020 45.0% Q2 2021 $2.12 $0.48 $1.31 $0.66 $0.66 $0.48 $0.51 $0.65 2020 2021 Return on Equity 2 (%) 18.8% 17.5% 2019 2020 29.0% Q2 2021 CIBC BUILDING A LEADING NORTH AMERICAN CLIENT PLATFORM WITH GLOBAL CAPABILITIES 1 Adjusted results are non-GAAP measures. See non-GAAP section of CIBC's Q1/21 Report to Shareholders. 2019-2020 amounts have been restated since Q1/21.2 F20 results were affected by COVID-19 pandemic economic impacts. 3 TEB = a non-GAAP financial measure representing 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. CIBC Investor Presentation | 31
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