# CIBC ## Investor Fact Sheet - Q4 2019 ## Our Strategy We are building a relationship-oriented bank for a modern world. To achieve our strategic objectives of delivering superior client experience and shareholder returns, we are focused on four key areas: 1. Delivering a modern relationship-banking value proposition to our clients; 2. Diversifying our earnings growth; 3. Optimizing our operational efficiency; and 4. Maintaining capital and balance sheet discipline. ## Metrics | Metrics | 2018 | 2019 | | :--- | :--- | :--- | | Total Assets | \$597.1B | \$651.6B | | Deposits | \$461.0B | \$485.7B | | Loans and Acceptances | \$381.7B | \$398.1B | | Common Equity Tier 1 Ratio | 11.4% | 11.6% | | Market Capitalization | \$50.3B | \$50.0B | | Total Shareholder Return (1-Year) | 4.7% | 4.2% | ## Credit Ratings | | DBRS | Moody's | Standard & Poor's | Fitch | | :--- | :--- | :--- | :--- | :--- | | Issuer/ Counterparty$^{1,2}$ | AA | Aa2 | A+ | AA- | | Bail-In Senior$^{3}$ | AA (low) | A2 | BBB+ | AA- | | Short Term | R-1(high) | P-1 | A-1 | F1+ | | Outlook | Stable | Stable | Stable | Stable | $^{1}$ DBRS LT Issuer Rating; Moody's LT Counterparty Rating; Standard & Poor's Issuer Credit Rating; Fitch LT Issuer Default and Derivative Counterparty Rating $^{2}$ Includes senior debt issued prior to September 23, 2018 as well as senior debt issued on or after September 23, 2018 which is not subject to the bail-in regulations. $^{3}$ Subject to conversion under the bank recapitalization "bail-in" regime. --- Page 2 of 2 Investor Fact Sheet - Q4 2019 ## Financial Highlights ```mermaid graph TD subgraph Net Income (C$ millions) Q4/18_NI[1,182] --> Q1/19_NI[1,268] Q1/19_NI --> Q2/19_NI[1,364] Q2/19_NI --> Q3/19_NI[1,363] Q3/19_NI --> Q4/19_NI_R[1,348] Q4/18_NI --> Q1/19_NI_A[1,398] Q1/19_NI_A --> Q2/19_NI_A[1,357] Q2/19_NI_A --> Q3/19_NI_A[1,415] Q3/19_NI_A --> Q4/19_NI_A[1,309] end subgraph Earnings Per Share (C$) Q4/18_EPS_R[2.60] --> Q1/19_EPS_R[2.80] Q1/19_EPS_R --> Q2/19_EPS_R[3.00] Q2/19_EPS_R --> Q3/19_EPS_R[2.95] Q3/19_EPS_R --> Q4/19_EPS_R_A[2.84] Q4/18_EPS_A[3.06] --> Q1/19_EPS_A[3.01] Q1/19_EPS_A --> Q2/19_EPS_A[2.97] Q2/19_EPS_A --> Q3/19_EPS_A[3.10] Q3/19_EPS_A --> Q4/19_EPS_A[2.58] end subgraph Return on Common Shareholders' Equity (%) Q4/18_ROE_R[15.3] --> Q1/19_ROE_R[16.4] Q1/19_ROE_R --> Q2/19_ROE_R[16.0] Q2/19_ROE_R --> Q3/19_ROE_R[15.8] Q3/19_ROE_R --> Q4/19_ROE_R_A[12.9] Q4/18_ROE_A[13.8] --> Q1/19_ROE_A[15.9] Q1/19_ROE_A --> Q2/19_ROE_A[15.5] Q2/19_ROE_A --> Q3/19_ROE_A[15.6] Q3/19_ROE_A --> Q4/19_ROE_A[14.2] end subgraph Loan Loss Ratio (basis points) Q4/18_LLR[27] --> Q1/19_LLR[30] Q1/19_LLR --> Q2/19_LLR[26] Q2/19_LLR --> Q3/19_LLR[27] Q3/19_LLR --> Q4/19_LLR[33] end subgraph Adjusted Efficiency Ratio (%) $^{(1)}$ Q4/18_AER[56.2] --> Q1/19_AER[54.4] Q1/19_AER --> Q2/19_AER[56.1] Q2/19_AER --> Q3/19_AER[55.4] Q3/19_AER --> Q4/19_AER[56.0] end subgraph Common Equity Tier 1 Ratio (Basel III) (%) Q4/18_CET1[11.4] --> Q1/19_CET1[11.2] Q1/19_CET1 --> Q2/19_CET1[11.2] Q2/19_CET1 --> Q3/19_CET1[11.4] Q3/19_CET1 --> Q4/19_CET1[11.6] end style Q4/19_NI_R fill:#f9f,stroke:#333,stroke-width:2px style Q4/19_NI_A fill:#ccf,stroke:#333,stroke-width:2px style Q4/19_EPS_R fill:#f9f,stroke:#333,stroke-width:2px style Q4/19_EPS_A fill:#ccf,stroke:#333,stroke-width:2px style Q4/19_ROE_R fill:#f9f,stroke:#333,stroke-width:2px style Q4/19_ROE_A fill:#ccf,stroke:#333,stroke-width:2px style Q4/19_LLR fill:#39c,stroke:#333,stroke-width:2px style Q4/19_AER fill:#c3c,stroke:#333,stroke-width:2px style Q4/19_CET1 fill:#3c3,stroke:#333,stroke-width:2px %% Legend for colors (not directly supported well in simple graph, but conceptually for "Reported" vs "Adjusted") %% Reported: Shaded, Adjusted: Solid color ``` (1) Non-GAAP measure. See Non-GAAP measures within the Notes to Users section on page 2 of the Q4/19 Supplementary Financial Information available on [www.cibc.com](www.cibc.com). ## Shareholder Information ### Share Price (C\$) — CM ```mermaid xychart-beta title "Share Price (C$) — CM" x-axis "Year" { type time categories [2014, 2015, 2016, 2017, 2018] } y-axis "Price ($)" { min 60 max 130 } line "Share Price" { 2014: 90 2015: 100 2016: 95 2017: 115 2018: 112.31(Oct 31, 2019) } %% Note: The provided data only has points for years, but the visual shows a continuous line. %% Using approximate mid-year positions for illustration based on visual structure. %% Real points might be closer to: %% 2014: 90, 2015: 100, 2016: 95, 2017: 115, 2018: 112.31 (with Oct 31, 2019 being the last data point shown, labelled $112.31) %% Re-interpreting the x-axis labels based on the visual chart structure: %% X-axis labels are for the *end* of the year shown, except for the specific annotation. %% Let's approximate the points based on the visual trajectory: %% 2014: ~$90, 2015: ~$100, 2016: ~$95, 2017: ~$115, 2018: ~$112 (with a label point at Oct 31, 2019: $112.31) ``` *Annotation on Chart: Oct 31, 2019: \$112.31* ### Dividend History ```mermaid xychart-beta title "Dividend History" x-axis "Year" { type category categories [05, 06, 07, 08, 09, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19] } y-axis "Dividend (C$)" { min 0 max 6 } bar "Dividend Payout" { 05: 2.66, 06: *, 07: *, 08: *, 09: *, 10: *, 11: *, 12: *, 13: *, 14: *, 15: *, 16: *, 17: *, 18: *, 19: 5.60 } %% Annotations: %% Target Dividend Payout Ratio: 40-50% %% 15-Year CAGR: 5.1% %% Dividend Yield 5.1% (Implied on 2019 bar) %% Since the chart is a bar chart showing discrete values, we only list known values if they match the visual structure. %% The bar chart shows increasing values up to 19. Only specific values are called out clearly: %% Bar 05: 2.66 %% Bar 19: 5.60 ``` For A Note About Forward-Looking Statements, please refer to page 1 of the 2019 Management's Discussion and Analysis available on [www.cibc.com](www.cibc.com). For further details relating to the above financial metrics, please refer to the quarterly and annual reports available available on [https://www.cibc.com/en/about-cibc/investor-relations/quarterly-results.html](https://www.cibc.com/en/about-cibc/investor-relations/quarterly-results.html). ## Contact Information **Geoff Weiss, Senior Vice-President, Investor Relations** **Tel:** (416) 980-5093 | **Email:** [investorrelations@cibc.com](mailto:investorrelations@cibc.com) | **Website:** [www.cibc.com](www.cibc.com)