Investor Presentaiton
Energy Exposures1
Sector
Amount (in $B)
%
PCLs (in $M)
Cumulative
Q1/15 - Q4/16
PCL ratio²
Midstream
$4.2
27%
($2)
0%
Downstream
$2.2
14%
$2
0.1%
E&P
$7.7
49%
$268
2.9%
Services
$1.5
10%
$70
3.7%
Total Drawn
$15.6
100%
$338
2.1%
•
•
.
(1)
(2)
Drawn corporate energy exposure were $15.6 billion, down 3% Q/Q
Approximately 52% investment grade
Undrawn commitments of $11.1 billion, down $0.8 billion Q/Q
•
Approximately 68% investment grade
Focus on select non-investment grade E&P and Services accounts
Approximately two-thirds of focus accounts have issued debt ranking
below the Bank's senior position
Exposures relate to loans and acceptances outstanding as of October 31, 2016 and to undrawn commitments attributed/related to those
drawn loans and acceptances.
Cumulative PCL ratio by sector is calculated as total PCLs over the period Q1/15 - Q4/16 divided by the average quarterly exposure over
the period Q1/15 - Q4/16.
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