International Banking: Pacific Alliance Financial Performance

Q1 2021 Financial Performance $MM, except EPS Q1/21 Y/Y Q/Q Reported Net Income $2,398 3% 26% Pre-Tax, Pre Provision Profit $3,864 4% 12% • Diluted EPS $1.86 1% 31% Revenue $8,072 (1%) 8% • Expenses $4,208 (5%) 4% Productivity Ratio 52.1% (220 bps) (200 bps) Core Banking Margin 2.27% (18 bps) 5 bps PCL Ratio¹ 49 bps (12 bps) (24 bps) PCL Ratio on Impaired Loans¹ 49 bps (6 bps) (5 bps) Adjusted² Net Income $2,418 3% 25% Pre-Tax, Pre Provision Profit $3,892 5% 11% Diluted EPS $1.88 3% 30% Revenue $8,072 1% 8% Expenses $4,180 (2%) 4% • Productivity Ratio 51.8% (160 bps) PCL Ratio1 49 bps (2 bps) (150 bps) (24 bps) • PCL Ratio on Impaired Loans¹ 49 bps (4 bps) (5 bps) ADJUSTED NET INCOME² YEAR-OVER-YEAR ($MM) YEAR-OVER-YEAR HIGHLIGHTS Adjusted EPS² +3% (+30% Q/Q) Adjusted pre-tax, pre-provision profit² +5% (+11% Q/Q) Adjusted revenue² +1% (+8% Q/Q) o Net interest income² down 1%, or up 1% ex. divestitures o Non-interest income² up 3%, or 5% ex. divestitures Core banking margin -18 bps (+5 bps Q/Q) o Driven by higher liquid assets, lower margins in both International Banking and Canadian Banking and changes in business mix o Q/Q improvement driven by higher contribution from asset/liability management activities and higher margins in Global Banking and Markets and International Banking Adjusted expenses² -2%; Operating leverage of +3.0% Strong ROE of 14.4% ADJUSTED NET INCOME 2,3 BY BUSINESS SEGMENT ($MM) 85 124 7 +1% (101) (41) -32%4 +34% +20% 2,344 2,418 908 915 615 398 318 425 451 543 Q1/20 Net interest Non interest Income income PCLs Non-interest expenses Taxes Q1/21 Canadian Banking International Banking Global Wealth Management Global Banking and Markets 1 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 2 Refer to Non-GAAP Measures on slide 37 for adjusted results Q1/20 Q1/21 5 3 Attributable to equity holders of the Bank 4Y/Y growth rate is on a constant dollar basis

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