SLIDE 1
Building a Strong, Innovative and Relationship-Based Bank
Q3 2016
S eptember 2016
Forward-Looking Statements
From t ime t o t ime, we make writ t en or oral forward-looking st at ement s wit hin t he meaning of cert ain securit ies laws, including in t his present at ion, in ot her filings wit h Canadian securit ies regulat ors or t he U.S . S ecurit ies and Exchange Commission and in ot her communicat ions. All such st at ement s are made pursuant t o t he “ safe harbour” provisions of, and are int ended t o be forward-looking st at ement s under applicable Canadian and U.S . securit ies legislat ion, including t he U.S . Privat e S ecurit ies Lit igat ion Reform Act of 1995. These st at ement s include, but are not limit ed t o, st at ement s made about our operat ions, business lines, financial condit ion, risk management , priorit ies, t arget s, ongoing obj ect ives, st rat egies and out look for calendar year 2016 and subsequent periods. Forward-looking st at ement s are t ypically ident ified by t he words “ believe” , “ expect ” , “ ant icipat e” , “ int end” , “ est imat e” , “ forecast ” , “ t arget ” , “ obj ect ive” and ot her similar expressions or fut ure or condit ional verbs such as “ will” , “ should” , “ would” and “ could” . By t heir nat ure, t hese st at ement s require us t o make assumpt ions and are subj ect t o inherent risks and uncert aint ies t hat may be general or specific. A variet y of fact ors, many of which are beyond our cont rol, affect our operat ions, performance and result s, and could cause act ual result s t o differ mat erially from t he expect at ions expressed in any of our forward-looking st at ement s. These fact ors include: credit , market , liquidit y, st rat egic, insurance, operat ional, reput at ion and legal, regulat ory and environment al risk; t he effect iveness and adequacy of our risk management and valuat ion models and processes; legislat ive or regulat ory development s in t he j urisdict ions where we operat e, including t he Dodd-Frank Wall S t reet Reform and Consumer Prot ect ion Act and t he regulat ions issued and to be issued t hereunder, t he U.S . Foreign Account Tax Compliance Act and regulat ory reforms in t he Unit ed Kingdom and Europe, t he Basel Commit t ee on Banking S upervision’ s global st andards for capit al and liquidit y reform, and t hose relat ing t o t he payment s syst em in Canada; amendment s t o, and int erpret at ions of, risk-based capit al guidelines and report ing inst ruct ions, and int erest rat e and liquidit y regulat ory guidance; t he resolut ion of legal and regulat ory proceedings and relat ed mat t ers; t he effect of changes t o account ing st andards, rules and int erpret at ions; changes in our est imat es
- f reserves and allowances; changes in t ax laws; changes t o our credit rat ings; polit ical condit ions and development s; the possible effect on our business of
int ernat ional conflict s and t he war on t error; nat ural disast ers, public healt h emergencies, disrupt ions t o public infrast ruct ure and ot her cat ast rophic event s; reliance
- n t hird part ies t o provide component s of our business infrast ruct ure; pot ent ial disrupt ions t o our informat ion t echnology syst ems and services; increasing cyber
securit y risks which may include t heft of asset s, unaut horized access t o sensit ive informat ion, or operat ional disrupt ion; social media risk; losses incurred as a result of int ernal or ext ernal fraud; ant i-money laundering; t he accuracy and complet eness of informat ion provided t o us concerning client s and count erpart ies; t he failure of t hird part ies t o comply wit h t heir obligat ions t o us and our affiliat es or associat es; int ensifying compet it ion from est ablished compet it ors and new ent rant s in t he financial services indust ry including t hrough int ernet and mobile banking; t echnological change; global capit al market act ivit y; changes in monet ary and economic policy; currency value and int erest rat e fluct uat ions, including as a result of oil price volat ilit y; general business and economic condit ions worldwide, as well as in Canada, t he U.S . and ot her count ries where we have operat ions, including increasing Canadian household debt levels and Europe’ s sovereign debt crisis; our success in developing and int roducing new product s and services, expanding exist ing dist ribut ion channels, developing new dist ribut ion channels and realizing increased revenue from t hese channels; changes in client spending and saving habit s; our abilit y t o at t ract and ret ain key employees and execut ives; our abilit y t o successfully execut e
- ur st rat egies and complet e and int egrat e acquisit ions and j oint vent ures; and our abilit y t o ant icipat e and manage t he risks associat ed wit h t hese fact ors. This list is
not exhaust ive of t he fact ors t hat may affect any of our forward-looking st at ement s. These and ot her fact ors should be considered carefully and readers should not place undue reliance on our forward-looking st at ement s. Any forward-looking st at ement s cont ained in t his present at ion represent the views of management only as of t he dat e hereof and are present ed for t he purpose of assist ing our shareholders and financial analyst s in underst anding our financial posit ion, obj ect ives and priorit ies and ant icipat ed financial performance as at and for t he periods ended on t he dat es present ed, and may not be appropriat e for ot her purposes. We do not undert ake t o updat e any forward-looking st at ement t hat is cont ained in t his present at ion or in ot her communicat ions except as required by law. Invest or Relat ions cont act s: John Ferren, S enior Vice-President 416 980-2088 Invest or Relat ions Fax Number 416 980-5028 Visit t he Invest or Relat ions sect ion at www.cibc.com 2