Investor Presentaiton

Global Banking and Markets $MM Q1/23 Y/Y Q/Q Reported • Net Income¹ $519 (7%) 7% Pre-Tax, Pre-Provision Profit² $730 (1%) 11% Revenue $1,503 7% 11% • Expenses $773 15% 11% PCLs $15 nmf nmf Productivity Ratio³ 51.4% 370 bps PCL Ratio³ 4 bps 10 bps 1 bp PCL Ratio Impaired Loans³ 3 bps (6 bps) REVENUE BY BUSINESS ($MM) YEAR-OVER-YEAR HIGHLIGHTS Net income down 7% (up 7% Q/Q) o Higher expenses and PCLs, offset by higher revenue Revenue up 7% o Net interest income up 22% driven by strong average loan and deposit growth and improved deposit margins 。 Non-interest income up 2% Expenses up 15% o Driven by higher personnel and technology costs to support business growth Operating leverage of -8.2%³ Higher charge on provision for credit losses o Compared to a net reversal in prior year Loans up 33% (up 7% Q/Q) Deposits up 12% NET INCOME ($MM) AND ROE* (%) 17.4% 1,404 1,503 1,354 15.6% 13.4% 13.2% 11.1% 1,262 1,152 504 701 736 554 423 561 488 484 519 850 668 708 729 802 378 Q1/22 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/22 Q3/22 Business Banking Q4/22 Capital Markets Q1/23 1 Attributable to equity holders of the Bank 2 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 41 3 Refer to page 50 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com 6

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