Investor Presentaiton

Growing Platform / North American Scale TD 2000-2010: Canadian Leadership, Entry into US Canada: • US: . • • Acquisition of Canada Trust (2000) TD Waterhouse privatization (2001) TD Waterhouse USA / Ameritrade transaction (2006) Privatization of TD Banknorth (2007) • Commerce Bank acquisition and integration (2008-2009) Riverside and TSFG acquisition (2010) 2011-2015-Acquiring Assets Acquired Chrysler Financial auto finance portfolio (2011) Acquired MBNA credit card portfolio (2011) Launched strategic cards portfolio program with acquisition of Target (2012) and Nordstrom (2015) credit card portfolios Became primary issuer of Aeroplan Visa and acquired 50% of CIBC's Aeroplan portfolio (2014) • New Capabilities and Partnerships • Acquired Epoch (2013) Acquired Scottrade Bank in connection with TD Ameritrade's acquisition of Scottrade (2017) Acquired Layer 6 and Greystone (2018) Entered into Air Canada Credit Card Loyalty Program Agreement (2018) Acquired ownership stake in Schwab following Schwab's acquisition of TD Ameritrade (2020) Acquired Wells Fargo's Cdn Direct Equipment Finance business (2021) Accelerating Growth Announced proposed acquisition of First Horizon, to expand U.S. platform into Southeast FIRST HORIZON Increasing Retail Focus and U.S. Expansion • _ From Traditional Dealer To Client-Focused North American Dealer 2000-2004 Foundation for Growth Acquisition of Newcrest Capital (2000) 2005-2010 Client-focused Dealer - Strategically exited select businesses (structured products, non-franchise credit, proprietary trading) 2011-2017 - Building in the U.S. • Partnering with TD Bank, America's Most Convenient BankⓇ to expand U.S. presence (2012) Achieved Primary Dealer status in the U.S.26 (2014) Expanded product offering to U.S. clients and grew our energy sector presence in Houston (2015-2016) Acquired Albert Fried & Company, a New York-based broker-dealer (2017) Integrated North American dealer franchise with global reach • Broadened global market access to clients by opening offices in Tokyo and Boston (2018) Expanded U.S. real estate banking franchise with addition of Kimberlite Group advisory team (2020) Acquired Headlands Tech Global Markets' electronic fixed income trading business (2021) Announced proposed acquisition of Cowen Inc. (2022) 10

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