Investor Presentaiton

Revenue Growth: P&C Banking Well diversified revenue growth across all business lines Canadian Banking International Banking 1, 2 +5% (2%) Y/Y Y/Y³ 2,683 2,707 (56%) 2,584 3,137 3,186 Y/Y 145 187 2,985 +6% 68 635 646 610 Y/Y 801 783 699 (11%) Y/Y +4% Y/Y 1,974 2,048 2,061 +5% 2,194 2,215 2,219 Y/Y Q1/19 Q4/19 Q1/20 Q1/19 Q4/19 Q1/20 Retail Commercial Latin America C&CA Asia Strong volume growth and higher non interest income offset by margin compression 1 May not add due to rounding 2 Y/Y growth rates are on a constant dollar basis Impacted by foreclosed asset sale last year and margin compression 3 Revenue growth of -5% Y/Y on a reported basis. International Banking constant currency revenue growth 4% excluding the impact of divestitures 24 4

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