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Forward Looking Statements From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this presentation, in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission and in other communications. All such statements are made pursuant to the “safe harbour ” provisions of, and are intended to be forward-looking statements under, applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements made about our operations, business lines, financial condition, risk management, priorities, targets, ongoing objectives, strategies and outlook for calendar year 2015 and subsequent periods. Forward-looking statements are typically identified by the words “believe”, “expect”, “anticipate”, “intend”, “estimate”, “forecast”, “target”, “objective” and other similar expressions or future or conditional verbs such as “will”, “should”, “would” and “could” . By their nature, these statements require us to make assumptions and are subject to inherent risks and uncertainties that may be general or specific. A variety of factors, many of which are beyond our control, affect our operations, performance and results, and could cause actual results to differ materially from the expectations expressed in any of our forward-looking statements. These factors include: credit, market, liquidity, strategic, insurance, operational, reputation and legal, regulatory and environmental risk; the effectiveness and adequacy of our risk management and valuation models and processes; legislative or regulatory developments in the jurisdictions where we operate, including the Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations issued and to be issued thereunder, the U.S. Foreign Account Tax Compliance Act and regulatory reforms in the United Kingdom and Europe, the Basel Committee on Banking Supervision’s global standards for capital and liquidity reform and those relating to the payments system in Canada; amendments to, and interpretations of, risk-based capital guidelines and reporting instructions, and interest rate and liquidity regulatory guidance; the resolution of legal and regulatory proceedings and related matters; the effect of changes to accounting standards, rules and interpretations; changes in our estimates of reserves and allowances; changes in tax laws; changes to our credit ratings; political conditions and developments; the possible effect on our business of international conflicts and the war on terror; natural disasters, public health emergencies, disruptions to public infrastructure and other catastrophic events; reliance on third parties to provide components of our business infrastructure; potential disruptions to our information technology systems and services, increasing cyber security risks which may include theft of assets, unauthorized access to sensitive information, or operational disruption; social media risk; losses incurred as a result of internal or external fraud; anti-money laundering; the accuracy and completeness of information provided to us concerning clients and counterparties; the failure of third parties to comply with their obligations to us and our affiliates or associates; intensifying competition from established competitors and new entrants in the financial services industry including through internet and mobile banking; technological change; global capital market activity; changes in monetary and economic policy; currency value and interest rate fluctuations, including as a result of oil price volatility; general business and economic conditions worldwide, as well as in Canada, the U.S. and other countries where we have operations, including increasing Canadian household debt levels and Europe’s sovereign debt crisis; our success in developing and introducing new products and services, expanding existing distribution channels, developing new distribution channels and realizing increased revenue from these channels; changes in client spending and saving habits; our ability to attract and retain key employees and executives; our ability to successfully execute our strategies and complete and integrate acquisitions and joint ventures; and our ability to anticipate and manage the risks associated with these factors. This list is not exhaustive of the factors that may affect any of our forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on our forward-looking statements. We do not undertake to update any forward-looking statement that is contained in this presentation or in other communications except as required by law. Investor Relations contacts: Geoff Weiss, Senior Vice-President 416 980-5093 Investor Relations Fax Number 416 980-5028 Visit the Investor Relations section at www.cibc.com
3 CIBC Investor Day - Agenda Opening Remarks Victor Dodig President & CEO Kevin Glass SEVP & CFO Strategy - Panel Discussion Mike Capatides SEVP, Chief Administrative Officer & General Counsel Moderated by Victor Dodig Stephen Forbes EVP, Chief Commercial Officer David Williamson SEVP & Group Head, Retail & Business Banking Business Unit Presentations and Q&A Retail & Business Banking David Williamson SEVP & Group Head, Retail & Business Banking Break Capital Markets Harry Culham SEVP & Group Head, Capital Markets Wealth Management Steve Geist SEVP & Group Head, Wealth Management Q&A and Closing Remarks Victor Dodig President & CEO Lunch
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Financial Performance Kevin Glass Senior Executive Vice-President and Chief Financial Officer October 7, 2015
6 Agenda Performance highlights Future outlook
7 Solid Performance Record — EPS Growth and ROE Diluted EPS Growth 1 Return on Common Shareholders’ Equity 1 ($) (%) 22.9 20.9 4% 20.6 9.33 8.94 8.65 2013 2014 2015 LTM 2 2013 2014 Q3/15 1 Non-GAAP measures which exclude items of note as referenced in our quarterly Report to Shareholders. 2 Last Twelve Months.
8 Improving Credit Performance Loan Loss Ratio Gross Impaired Loans Ratio (basis points) (basis points) 60 53 51 44 38 28 2013 2014 2015 YTD 2013 2014 Q3/15
9 Consistent Dividend Increases Dividend Payout Ratio 1 Dividend Paid (%) ($) +6% 44.8 44.0 43.9 4.30 3.94 3.80 2013 2014 2015 YTD 2013 2014 2015 1 Non-GAAP measures which exclude items of note as referenced in our quarterly Report to Shareholders.
10 Strong Capital Position Basel III CET1 Ratio (%) 10.8 10.3 10.1 9.9 9.4 9.3 2013 2014 Q3/15 CIBC Peer Average 1 1 Peers include Big 6 Canadian banks, ex CIBC
11 Agenda Performance highlights Future outlook
12 Balanced Capital Deployment Dividends Organic Investments Acquisitions Share Buybacks • Move to upper • Across business lines • Disciplined approach • NCIB renewed end of 40%-50% for long-term growth in Sep/15 – Aligned to strategic target range objectives – Investing in customer- – To repurchase up to focused capabilities ~2% of outstanding – U.S Banking platform to – Increased dividend in shares complement Wealth five out of last six – Investing in innovation Management quarters to modernize our bank Client-centric investments will drive strong top line performance
13 G O I N G F O R W A R D Our Strategy Will Drive Continued Profitable Growth B U I L D I N G A Strong Innovative, Relationship – Oriented Bank 5 – 10% earnings growth Positive Operating Leverage NIX 55%
14 A C L O S E R L O O K A T S I M P L I F I C A T I O N : Simplifying our Bank Making it easier to bank and get work done at CIBC will free up resources to reinvest in our business Incremental Run Rate Project Accelerate revenue Savings Investment growth 2016 ~$100MM ~$150MM Reduce structural 2017 ~$300MM ~$150MM cost base 2018 ~$500MM ~$100MM Improve efficiency ratio ~$600MM 2019
15 Earnings Expectations Prior to 2011 2011 — 2015 2016 — 2018 • Low growth • 5% EPS growth • EPS growth of 5 — 10%
16 I N S U M M A R Y Solid Performance, Clear Vision • Solid performance record • Significant expense and efficiency opportunities Achievable medium term financial goals • Earnings NIX Return on Dividend Growth Ratio Equity Payout Ratio 55% 18-20% 5-10% ~50% run-rate by through CAGR 2019 the cycle
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18 Panel Discussion • Victor Dodig, President & CEO • David Williamson, SEVP & Group Head, Retail & Business Banking • Michael Capatides, SEVP , CAO & General Counsel • Stephen Forbes, EVP & Chief Commercial Officer
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20 Focusing on Our Clients Increasing Urgency Not a new area of Our Goal: and Intensity focus: #1 Closed the gap significantly in client Outpaced Cdn satisfaction competitors – Bank-wide priority last 3 yrs
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22 Program Clarity: Simplifying Our Bank Process 1 2 3 Digitization Simplification Workforce Improving client experience Making it easier to get Evolving how and where we and efficiency things done work Demand 5 6 4 Data Management Suppliers Harnessing data as an Providing the right support for Generating more value from enterprise-wide asset our business our partners
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