FY22 Financial Overview
Global Banking and Markets
Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and
access to capital markets. GBM is a full-service wholesale bank in the Americas, with operations in 21 countries, serving clients across
Canada, the United States, Latin America, Europe and Asia-Pacific.
Business Overview
Asia
Europe 7%
3
3
Q4/22
Geographic
Revenue¹
$1.4Bn
US
47%
Canada
43%
Global
Equities 14%
Business
Banking
Q4/22
Revenue By
Business Line¹
$1.4Bn
63%
23%
FICC
Net Income² ($MM) and ROE4 (%)
Strategic Focus
Executing a consistent strategy to be a top wholesale Bank in
the Americas, that is focused on Geography, Client and
Product
Leverage strong balance sheet to support corporate lending
and asset growth across the America's footprint to win
increased financing business
• Well positioned to leverage the Bank's unique geographic
footprint across the Americas to serve it's cross-border clients
in Canada, US and LatAm
Financial Results
17.4%
15.5%
15.6%
13.4%
11.1%
Q4/22
Y/Y
Q/Q
Reported
Net Income²
$484
(4%)
28%
561
502
488
484
378
Pre-Tax, Pre Provision Profit³
$658
12%
32%
Revenue
$1,354
15%
18%
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Expenses
$696
18%
6%
Medium-Term Financial Objectives
Net Income Growth²,7
PCLS
$11
nmf
nmf
Target6
~5%
Productivity Ratio4
51.4%
110 bps
(540 bps)
PCL Ratio 4,5
Productivity Ratio?
Operating Leverage
~50%
Positive
PCL Ratio Impaired Loans 4,5
3 bps
6 bps
21 bps
5 bps
8 bps
12 bps
1TEB Revenue. Note GBM Latam revenue contribution is reported in International Banking results; 2Attributable to equity holders of the Bank; 3 Pre-Tax, Pre-Provision Profit defined as revenues less
expenses; 4Refer to page 133 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, available on http://www.sedar.com, for an explanation of the composition of the measure. Such
explanation is incorporated by reference hereto; 5 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day; 7 Refer to non-
GAAP measures on page 17 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, available on http://www.sedar.com;
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