Investor Presentaiton

International Banking $MM1 Q3/20 Y/Y Q/Q Reported Net Income² $26 (96%) (85%) Pre-Tax, Pre Provision Profit $1,180 (21%) (4%) Revenue $2,570 (16%) (4%) Expenses $1,390 (11%) (4%) PCLS $1,278 189% 27% Productivity Ratio 54.1% +260 bps Net Interest Margin³ 3.99% (52 bps) (29 bps) • PCL Ratio4 3.33% +208 bps +55 bps PCL Ratio Impaired Loans4 1.49% +12 bps +4 bps Adjusted 5 Net Income² $53 (93%) (73%) Net Income - Ex Divested Ops.² Pre-Tax, Pre Provision Profit $52 (91%) (73%) • $1,226 (21%) (4%) Expenses $1,344 (11%) (4%) PCLs $1,278 189% 27% YEAR-OVER-YEAR HIGHLIGHTS1 Adjusted Net Income ex. divestitures down 91%2,5. Excluding divested operations: o PCLs up 187%; mainly from performing loan PCLs 。 Strong loan growth of 13% and deposits growth 11% Revenues ex. divestitures down 8% o Margin compression and lower non-interest income o PAC revenues down 5% NIM down 52 bps³ o Mainly driven by excess balance sheet liquidity, business mix changes and central bank rate cuts Adjusted Expenses ex. divestitures down 6%5 o Acquisition synergies and good cost control Adjusted YTD operating leverage of -0.8%5 ex. divestitures ADJUSTED NET INCOME 2,5 ($MM) AND NIM³ (%) Productivity Ratio 52.3% +250 bps (20 bps) 4.51% 4.51% 4.51% 4.28% PCL Ratio4 3.33% +208 bps +55 bps 3.99% 761 725 PCL Ratio Impaired Loans4 1.49% +12 bps +4 bps 147 615 158 59 614 197 567 556 53 1Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis 197 1 52 2 Attributable to equity holders of the Bank 3 Net Interest Margin is on a reported basis 4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 5 Refer to Non-GAAP Measures on slide 45 for adjusted results Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Ex. Divested Ops Divested Ops 33

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