Investor Presentaiton

Executive Summary ■ Laurentian Bank of Canada ("LBC") has entered into an agreement to acquire Northpoint Commercial Finance ("NCF"), a leading non-bank inventory finance lender with a portfolio of approximately $1.2 billion (US $0.9 billion) in assets NCF is a diversified player in the equipment finance sector, specialized in inventory financing with a broad US & Canadian presence, based in Alpharetta, Georgia, USA & Burlington, Ontario, Canada Founded in 2012 by former Textron Financial Corporation leaders, NCF's top management team has unique expertise and a solid track record of originating, growing and managing a multi-billion dollar inventory finance portfolio NCF's highly complementary activities will be combined with LBC Capital (within Business Services) to create a scalable end-to end equipment finance platform Transaction is expected to generate attractive margins and Bank believes this acquisition will be accretive to its EPS in the first full year of operation and by approximately 4% in 2019 Concurrent with the acquisition, the Bank has entered into agreements providing for equity financings of subscription receipts, in the amount of (i) $200 million on a "bought deal" basis with a syndicate of underwriters and (ii) $25 million on a private placement basis with the Caisse de dépôt et placement du Québec Acquisition is expected to close before the end of fiscal 2017, subject to customary closing conditions, including regulatory approvals Acquisition of NCF increases and diversifies Business Services in the Bank mix D

View entire presentation