Investor Presentation
BMO Capital Markets
Strength and Value Drivers
A valued financial partner to our clients; leveraging our people,
innovative solutions and capital supporting the growth aspirations of
our clients
Unified coverage and integrated North American platform, delivering
a seamless and exceptional client experience
Well diversified platform and business mix by sector, geography,
product and currency, including a strong and scalable U.S. business
Strong risk management and regulatory and compliance capabilities
Net Income
ROE
2024 Strategic Priorities
Drive client-focused growth through our One Client strategy, with
improved connectivity and integrated offerings to deliver greater
value and a better experience for our clients
Be an industry leader in sustainable finance and the lead partner in
our clients' transition to a net zero world
Q1'24 Financial Highlights
Reported
Adjusted¹
$393MM
$408MM
Net Income Y/Y Growth
(19.4)%
(17.4)%
Revenue Y/Y Growth (teb)²
(6.5)%
(6.5)%
PPPT³ Y/Y Growth
(22.3)%
(20.0)%
11.6%
12.0%
Efficiency Ratio²
70.2%
69.0%
Operating Leverage²
(8.8)%
(7.7)%
Average Gross Loans and Acceptances
$82B
Reported Net Income ($MM)
Leverage digital-first capabilities and data to improve operational
efficiency and deliver innovative solutions
488
472
393
370
295
Foster a winning culture, focused on alignment, empowerment and
recognition, with a commitment to a diverse and inclusive workplace
Q1'23
Q2'23
Q3'23
Q4'23
Q1'24
Prior period amounts have been reclassified to conform with the current period presentation
1 Adjusted results and measures are non-GAAP, see slide 56 for more information and slide 58 for adjustments to reported results
2 Operating group revenue is stated on a taxable equivalent basis (teb). This teb adjustment (Q1'24 $19MM) is offset in Corporate Services. operating leverage and efficiency ratio are calculated based on revenue (teb)
3 Reported and adjusted Pre-Provision Pre-Tax earnings (PPPT) are non-GAAP measures. See slide 56 for more information and slide 59 for calculation of PPPT
See slide 60 for more information on the reported and adjusted results of our operating groups
BMOM
Investor Presentation ⚫ February 2024
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