Investor Presentaiton

BMO Capital Markets • • Strategic Priorities Continue to invest where BMO Capital Markets has the strengths and capabilities to deliver value-added solutions and meet client needs Build on a foundation to work smarter and simplify how BMO Capital Markets does business, to enhance efficiency and return on equity with a particular focus on digitization Activate and drive an inclusive, high performance culture - focused on urgency and accountability to clients, strong partnership and alignment across the enterprise, and a commitment to eliminate barriers to diversity and inclusion Continue to be prudent managers of capital and risk for clients, employees and shareholders Power, Utilities & Infrastructure Industrials Revenue by Sector¹ Real Estate Diversified Industries Healthcare Government Global Mining Food, Consumer & Retail "Excluding non- client revenues Financial Institutions Diversified Performance U.S. Contribution Energy 48% of Revenue ~52% of Capital³ Technology, Business Services & Media ~44% of FT 1 As a % of last twelve months (LTM) revenue as at July 31, 2021, excluding non-client revenues & investor-only clients 2 U.S. Revenue as a % of Total (LTM as of July 31, 2021) 3 U.S. Capital as a % of Total (LTM as of July 31, 2021) 4 U.S. FTE as a % of Total (LTM as of Q3'21) 5 As a % of LTM Q3'21 revenue excluding 'Other' BMO Financial Group Corporate Banking Investment Banking Revenue by Product5 Merchant Banking Global Equity & Financing Solutions Global Fixed Income, Currency & Commodities Investor Presentation • October 2021 27

View entire presentation