Investor Presentaiton

APPENDIX 3 | WEALTH MANAGEMENT ($MM) Q2 20 Q1 20 Q2 19 QoQ YOY Revenues 474 465 426 2% 11% Fee-based 267 273 249 (2%) 7% Transaction & Others 97 73 69 33% 41% Net Interest Income 110 119 108 (8%) 2% Operating Expenses 278 282 267 (1%) 4% Pre-tax / Pre-provisions 196 183 159 7% 23% Provision for Credit Losses Net Income 141 135 117 4% 21% Key Metrics ($B) Q2 20 Q1 20 Q2 19 QoQ YOY Loans & BAs (avg vol.) 4.8 4.8 4.8 1% (1%) ■ ■ Solid revenue growth at 11% YoY - High transaction volumes at National Bank Direct Brokerage and National Bank Independent Network in context of crisis Higher fee-based revenues as higher volumes more than offset markets decline Disciplined expense management and favorable business mix leading to a strong operating leverage of 7% Assets under Management ($MM) Deposits (avg vol.) 34.5 32.4 32.5 6% 6% 86,014 Asset Under Administration 466 521 474 (10%) (2%) 78,740 80,760 82,548 75,842 38,776 Asset Under Management 83 86 76 (4%) 9% 36,324 36,353 36,819 34,407 Efficiency Ratio (%) 58.6% 60.6% 62.7% -200 bps -410 bps 41,435 42,387 43,941 47,238 46,224 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20 Individual Mutual funds 23

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