FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
FY 2021 SOLID ORGANIC GROWTH IN ALL SEGMENTS
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P&C Banking
Revenues: +7% YoY
PTPP(1): +10% YoY
Strong growth on both sides of the balance sheet
■ Commercial loans up 18% (3) and retail mortgage loans up 11%(3)
■ Continued momentum in client activity
Wealth Management
Revenues: +17% YoY
PTPP(1): +22% YoY
Outstanding year for Wealth Management, with PTPP up 22%
■ AUA at record level of -$650 billion, up 28%, and AUM up 34%
■ Growth level significantly exceeding market impact, bolstered by record net sales
Financial Markets
Revenues(2): +4% YoY
PTPP(1): +2% YoY
■ Solid performance for Financial Markets after record revenues in previous year
■ Record year for C&IB with revenues up 24%
■ Resilient performance from Global Markets
USSF&I
Revenues: +22% YoY
PTPP(1): +37% YoY
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■ ABA: Continued growth with revenues up 24%
Credigy: Record results supported by strong portfolio performance and opportunistic sale of
a portfolio (4); strong momentum in asset growth since Q3 to continue through F22
(1) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes.
(2) Revenues presented on a taxable equivalent basis (TEB). This is a non-GAAP financial measure. See slide 2.
(3) Represents year on year growth in Q4-21 of average loans and acceptances.
(4) Gain on sale of portfolio of $26MM accounted for in Q1-21.
LO
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