Q2 2019 Fixed Income Investor Presentation

CIBC's Mortgage Portfolio Condo Exposure • Condo Mortgages CAD 24.5 BN CIBC Canadian Residential Mortgages: CAD 200.6 BN Condo Developers CAD 5.3 BN CAD 103 BN 69% Uninsured 65% Undrawn 72% Insured 35% CAD 42.1 BN ■Insured Uninsured 34 CAD 25.4 BN 73% 45% CAD 14.7BN CAD 15.5 BN 31% 58% 46% Drawn 28% 27% 55% 42% 54% Ontario British Columbia and territories Alberta Quebec Other 36% of CIBC's Canadian residential mortgage portfolio is insured, with 73% of insurance being provided by CMHC • The average loan to value¹ of the uninsured portfolio is 54% • The condo developer exposure is diversified across 113 projects • Condos account for approximately 13% of the total mortgage portfolio (1) LTV ratios for residential mortgages are calculated based on weighted average. The house price estimates for April 30, 2019 and October 31, 2018 are based on the Forward Sortation Area (FSA) level indices from the Teranet - National Bank National Composite House Price Index (Teranet) as of March 31, 2019 and October 31, 2018 respectively. Teranet is an independent estimate of the rate of change in Canadian home prices. CIBC Q2 2019 Fixed Income Investor Presentation CIBC

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