Investor Presentaiton

Canadian Banking $MM Q1/23 Y/Y Q/Q Reported Net Income¹ $1,087 (9%) (7%) Pre-Tax, Pre-Provision Profit² $1,715 8% (1%) Revenue $3,164 10% 1% • Expenses $1,449 13% 4% PCLS $218 nmf 34% Productivity Ratio³ 45.8% 120 bps 120 bps Net Interest Margin4 2.26% 7 bps PCL Ratio³ 19 bps 22 bps 4 bps PCL Ratio on Impaired Loans³ 17 bps 5 bps 3 bps • NIM up 7 bps (flat Q/Q) Adjusted4 Net Income¹ $1,088 (10%) (7%) Pre-Tax, Pre-Provision Profit $1,717 7% (2%) Expenses $1,447 13% 4% Productivity Ratio 45.8% 140 bps 140 bps REPORTED NET INCOME ($MM) AND NIM (%) • 2.19% 2.22% 2.29% 2.26% • 2.26% • 1,201 1,179 1,213 1,170 1,087 YEAR-OVER-YEAR HIGHLIGHTS Net income down 9% (adjusted -10%) o Pre-tax, pre-provision profit up 8% (adjusted +7%) o Higher PCLS reflect normalization of provisions Revenue up 10% 。 Net interest income up 12% o Strong loan and deposit growth 。 Margin expansion o Non-interest revenue up 5% o Bank of Canada rate increases o In line with the prior quarter as higher loan spreads were offset by lower deposit spreads Expenses up 13% o Higher personnel costs driven by staffing and inflation, and technology costs Operating leverage³ of -2.9% (adjusted4 -3.3%) Loan growth of 9% o Business loans up 22% o Residential mortgages up 7% Deposit growth of 10% o Personal deposits up 13% o Non-personal deposits up 4% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 1 Attributable to equity holders of the Bank 2 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 41 3 Refer to page 50 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com 7

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