Investor Presentaiton

PCLs - Impaired and Performing HIGHLIGHTS YEAR-OVER-YEAR Higher PCLs driven mainly by higher performing PCL. Total PCLs1 of $1,131 million were up 50% Y/Y, but down 48% Q/Q Performing PCLS of $296 million increased from $9 million last year, due primarily to the COVID-19 pandemic, the unfavorable macroeconomic outlook and estimated future impact of credit migration Impaired PCLs of $835 million increased 12% Y/Y, reflecting higher impaired PCL in International Banking and Global Banking and Markets PCLs ($MM) Q4/19 Q1/202 Q2/20 Q3/20 Q4/20 All-Bank Impaired 744 Performing 802 870 928 835 91 (31)1 9761 1,2531 2961 • Total 7531 7711 1,8461 2,1811 1,1311 Canadian Banking Impaired 255 258 313 317 238 Performing (8) (8) 357 435 92 Total 247 250 670 752 330 International Banking Impaired 477 508 531 573 561 Performing 251 (5)¹ 4881 705 1751 Total 5021 5031 1,0191 1,278 7361 Global Wealth Management Impaired Performing Total 1 1 1 11 2 2 11 3 QUARTER-OVER-QUARTER Global Banking and Markets • Performing PCLs down approximately $1 billion Impaired Performing 12 36 45 25 38 34 • Impaired PCLs declined driven by lower write-offs (8)1 (18) 130 1111 281 Total 41 18 155 1491 621 Other _1 _1 _1 _1 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 160 16

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