Investor Presentation
* Strong Execution of Strategy Accelerating Profitable Growth
Medium-term
financial objectives
Earnings
Growth
Return on
Equity
Operating
Leverage²
Dividend
Payout Ratio²
TSR
Target¹
Outperform
5%-10%
15%+
Positive
40%-50%
S&P/TSX
Composite Banks
Index³
Basel III CET1
Ratio
Strong buffer to
regulatory
minimum
Diluted EPS ($)
11.65 12.21
11.92
11.19
13.93 14.47
3.07 3.37
នន១
Q1
Return on Common Shareholders' Equity (%)
Operating Leverage (%)
Q2
5.3
17.4
16.6
Q3
15.4
16.1 16.7
17.4 17.6
14.5
3.2
9.69
2.4
Q4
8.22
11.7
3.76 3.93
10.0
0.7
0.2
0.2
3.55 3.59
(0.6)
(0.1)
(1.5)
3.55 3.58
4.03 4.08
(4.0)
2018
2019
2020
2021
Q1/22
2018
2019
2020
2021
Q1/22
2018
2019
2020
2021
Q1/22
Reported
Adjusted
Reported
Adjusted
Reported Adjusted
Dividend Payout Ratio (%)
Rolling five-year TSR (%)
CET1 Ratio (%)
70.7
60.0
49.9 46.9
41.8 40.3
39.8 39.3
45.5 43.4
85.0
12.1
12.4
12.2
11.4
11.6
79.1
2018
2019
2020
2021
Q1/22
Reported
Adjusted
Jan-21
Apr-21
Jul-21
Oct-21
Jan-22
CIBC
S&P/TSX Composite Banks Index
2018
2019
2020
2021
Q1/22
CIBC◇
Adjusted results are non-GAAP financial measures. See slide 58 for further details 1 Medium term targets are defined as three to five years, assuming a normal business environment and credit cycle 2 Certain additional disclosures
for these specified financial measures have been incorporated by reference and can be found on pages 101 and 102 in the 2021 Annual Report, available on SEDAR at www.sedar.com 3 Over a rolling five-year period.
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