Investor Presentaiton

Global Banking and Markets YEAR-OVER-YEAR HIGHLIGHTS Adjusted Net Income up 35% Y/Y³ O Strong growth in trading-related revenue Adjusted Revenue up 18%3 o Adjusted Non-interest income up 34%3 Loans grew 6% Deposits up a strong 21% Expenses up 1% O Higher performance-related compensation • Improved adjusted productivity ratio by 850 bps³ Positive adjusted operating leverage of 17%³ Adjusted PCL ratio²,³ of 7 bps $MM Q1/20 Y/Y Q/Q Reported Net Income¹ $372 +11% (8%) Pre-Tax, Pre Provision Profit $513 +19% (5%) Revenue $1,167 +9% Expenses $654 +1% +4% PCLS $24 N/A +500% Productivity Ratio 56.0% (400 bps) +200 bps PCL Ratio² 0.09% +16 bps +7 bps PCL Ratio Impaired Loans² 0.14% +15 bps +9 bps Adjusted³ Net Income¹ $451 +35% +11% Pre-Tax, Pre Provision Profit $615 +43% +14% Revenue $1,269 +18% +8% PCLS $18 N/A +350% Productivity Ratio 51.5% (850 bps) (250 bps) PCL Ratio² 0.07% +14 bps +5 bps 11.5% 1 Attributable to equity holders of the Bank 2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 3 Refer to Non-GAAP Measures on Slide 36 for adjusted results ADJUSTED NET INCOME ¹³ ($MM) AND ROE³ (%) 15.2% 12.8% 13.8% 14.0% 451 420 335 374 405 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 10

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