Investor Presentaiton

Well Provisioned TOTAL ACLs ($MM) 7,820 7,403 -182 181 6,079 -74 1,776 1,957 +53% 5,145 5,095 -68 1,643 1,595 74 1,533 • 5,445 5,682 • 4,362 3,482 3,488 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Performing Loan ACLs Impaired Loan ACLS Other TOTAL PCLs ($MM)1,2,3 AND PCL RATIO² 119 bps 136 bps 2,181 1,846 149 -2 73 bps 50 bps 51 bps 2 155 752 1,131 670 3 753 771 4 -18 330 62 247 250 1,278 1,019 736 502 503 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 International Banking HIGHLIGHTS $7.8 billion in total ACLs, up $2.7 billion or 53% since Q1/20 Performing loan ACLs increased 63% since Q1/20, or $2.2 billion Total ACLS represents ~3 years worth of net write-off-coverage Estimated to cover 2021 pandemic-driven elevated write-offs · HIGHLIGHTS Total PCL ratio² of 73 bps increased 23 bps Y/Y; decreased 63 bps Q/Q The sequential improvement was driven by lower PCL on performing loans due to improving macroeconomic outlook and stabilizing credit quality Canadian Banking Global Banking and Markets Other³ 1 Includes provision for credit losses on debt securities and deposit with banks of $nil in Canadian Banking, -$1 million in International Banking (Q4/19: -$3 million, Q1/20: -$1 million, Q2/20: $1 million), -$1 million in Global Banking and Markets (Q4/19: -$1 million, Q3/20: $1 million), $nil in Global Wealth Management (Q3/20: -$1 million) and $2 million in Other (Q4/19: $1 million, Q1/20: $1 million, Q2/20: -$2 million) 2 Refer to Non-GAAP Measures on slide 40 for adjusted results 3 Other includes provisions for credit losses in Global Wealth Management of $3 million (Q2/20: $2 million, Q3/20: $1 million) 15 15

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