South Financial — Debt Investor Presentation (June 2010)
84 slides from South Financial's debt investor presentation, Jun 18, 2010
Slide 1: Building the better bank every day – Credit Sights Bank Tour June 2010
building the better bank every day Credit Sights Bank Tour June 2010
Slide 2: Caution regarding forward-looking statements
Caution regarding forward-looking statements From time to time, The Toronto-Dominion Bank (the Bank) makes written and oral forward-looking statements, including in this presentation, in other filings with Canadian regulators or the U.S. Securities and Exchange Commission (SEC), and in other communi
Slide 3: Additional Information
Additional Information The proposed merger transaction involving The Toronto-Dominion Bank and The South Financial Group, Inc. will be submitted to The South Financial Group, Inc.'s shareholders for their consideration. The Toronto-Dominion Bank and The South Financial Group, Inc. have filed with th
Slide 4: Contents
Contents Overview of TD Bank Financial Group Treasury and Balance Sheet Management Appendix
Slide 5: Key Takeaways
Key Takeaways Simple Strategy, Consistent Focus Building the Better Bank Franchise Businesses Repeatable and growing earnings stream Focus on customer-driven products and services Operating a franchise dealer of the future Consistently reinvest in our competitive advantages Retail Earnings Focus Lea
Slide 6: TD Bank Financial Group: A Top Bank in North America
TD Bank Financial Group A Top 10 Bank in North America Q2 20101 (In U.S.$B)2 Compared to: Compared to: Q2 20101 (In U.S.$B)2 Canadian Peers7 North American Peers8 Total Assets $571 2nd 6th Total North American Deposits $402 1st 4th Market Cap3 $60.7 2nd 6th Adj. Net Income4 (Trailing 4 Quarters) $4.
Slide 7: Financial Results
Financial Results Strong performance through tough economic conditions Adjusted results are defined on slide #5. (C$MM)1 Q2 2010 QoQ YoY F2009 YoY Revenue $ 4,767 -5% 10% $ 17,860 22% Provision for Credit Losses 365 -29% -53% 2,480 133% Expenses 2,953 -1% -3% 12,211 29% Adjusted Net Income $ 1,234 -
Slide 8: Lower Risk Retail Focus
Canadian P&C Global Wealth TD AMTD U.S. P&C Wholesale Q2 2010 761 111 56 245 220 Lower Risk Retail Focus1 Based on adjusted results as described on slide #5. "P&C" refers to Personal and Commercial Banking. "Global Wealth" and "TD Ameritrade" make up the Wealth Management business segment. TDBFG has
Slide 9: Strong Focus on Risk-Return
Strong Focus on Risk-Return Return on Risk-Weighted Assets1,2,3 TD Canadian Peers U.S. Peers East 0.0257 0.0203 0.0118 TD based on Q2/10 adjusted results, as described on slide #5. Return on risk-weighted assets is adjusted net income available to common shareholders divided by average RWA. Canadian
Slide 10: Managing through Current Environment
TD Bank Financial Group: Managing through Current Environment Get across the recession valley Carefully manage capital, funding, liquidity and risk Keep our business model intact Preserve our performance, convenience and service culture Emerge with momentum on our side Continue to invest in our core
Slide 11: Strong, Consistent Dividend History
Strong, Consistent Dividend History 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 0.02 0.02 0.02 0.02 0.02 0.03 0.03
Slide 12: Simple Strategy, Consistent Focus, Superior Execution
Simple Strategy, Consistent Focus, Superior Execution 2004 2005 2006 2007 2008 2009 Q2 2010 YTD Canadian P&C 1450 1702 1966 2253 2424 2472 1481 Wealth Management 352 432 590 762 769 597 311 U.S. P&C 0 158 255 359 806 909 472 Wholesale Banking 588 551 664 824 65 1137 592 Total 2485 2861 3376 4189 381
Slide 13: Key Takeaways
Key Takeaways Building the Better Bank Franchise Businesses Retail Earnings Focus Risk Discipline North American
Slide 14: Contents
Contents Overview of TD Bank Financial Group Treasury and Balance Sheet Management Appendix
Slide 15: Strong capital position
NI 2004 2005 2006 2007 2008 2009 Q2 2010 Tier 1 Capital Ratio 0.126 0.101 0.12 0.103 0.098 0.113 0.12 Tier 1 Capital Ratio Strong capital position As at Q2 2010 (April 30, 2010). Tangible common equity is equal to the sum of Common Shares, Retained earnings, certain components of Accumulated Other C
Slide 16: TD Credit Ratings
TD Credit Ratings As at April 30, 2010. Moody's: Issuer Rating, S&P: LT Foreign Issuer Credit, Fitch: LT Issuer Default Rating, DBRS: Senior Unsecured Debt. Strong credit ratings Moody's S&P Fitch DBRS Aaa AA- AA- AA Issuer Ratings1
Slide 17: Disciplined Risk Management
Disciplined Risk Management: Enterprise-wide risk management policies and practices Risk measurement and quantification Scenario analysis Stress testing Integrated risk monitoring and reporting To senior management and Board of Directors Regular review, evaluation, and approval of risk policies Exec
Slide 18: Robust Liquidity Management
Robust Liquidity Management Global liquidity risk management policy Low reliance on wholesale funding Incorporate off-balance sheet exposures into liquidity plan Monitors global funding market conditions and potential impacts to our funding access on a daily basis Match terms of assets and liabiliti
Slide 19: Attractive Balance Sheet Composition
Personal Non-Term Deposits Personal Term Deposits Commercial Deposits Common Equity Securitization Non-Common Capital Medium Term Notes & Subordinated Debt Deposits Carried at Fair Value Other Wholesale Deposits Liabilities 0.29 0.13 0.19 0.06 0.09 0.01 0.05 0.06 0.12 Attractive Balance Sheet Compos
Slide 20: Funding Strategy
Funding Strategy Large base of stable retail and commercial deposits Limits on amount of deposits we can hold from any one depositor Large user of securitization program, primarily via Canada Mortgage Bond (CMB) Minimal reliance on wholesale funding historically Wholesale funding diversified geograp
Slide 21: Key Takeaways
Key Takeaways Strong capital base Excellent credit ratings Proactive and disciplined risk management Attractive balance sheet composition Diverse funding strategy to support growth plans
Slide 22: Contents
Contents Overview of TD Bank Financial Group Treasury and Balance Sheet Management Appendix
Slide 23: Canadian Personal and Commercial Banking Overview
Canadian Personal and Commercial Banking Overview Key Businesses Canadian Banking Personal Banking Retail operations provide a full range of financial products and services Over 11 million personal and small business customers More than 1,100 branches across Canada More than 2,700 automated teller m
Slide 24: Canadian Personal and Commercial Banking Key Messages
Canadian Personal and Commercial Banking Key Messages Lead in customer service and convenience Rated #1 by J.D. Power1 and Synovate2, year after year More than 50% longer branch hours than peers3 Integrated product offerings #1 or #2 market share in most retail products4 Client referrals and product
Slide 25: Canadian Personal and Commercial Banking Performance
Canadian Personal and Commercial Banking Performance 2004 2005 2006 2007 2008 2009 Q2 2010 YTD Canadian P&C 1450 1702 1966 2253 2424 2472 1481 Earnings ($MM) See slide #5 for definition of adjusted results. 5-year CAGR is calculated based on compound annual growth from 2004 to 2009. Also see the Can
Slide 26: Wealth Management Overview
Wealth Management Overview Key Businesses Online Brokerage Canada U.S. - 45% reported equity investment in TD Ameritrade Europe U.K., Ireland Luxembourg: Internaxx Advice-Based Businesses Canada Financial Planning Private Investment Advice Full service brokerage Private Client Group Private banking,
Slide 27: Wealth Management Key Messages
Wealth Management Key Messages Leading market positions #1 online brokerage in Canada1 #1 in long-term mutual fund sales in Canada2 #1 execution-only brokerage in the U.K.3 Integrated wealth organization Financial Planners based in retail bank branches Client referrals from TDBFG retail businesses a
Slide 28: Wealth Management Performance
Wealth Management Performance 2004 2005 2006 2007 2008 2009 Q2 2010 YTD Canadian Wealth Management 267 324 410 501 480 345 212 U.S. Wealth Management 85 108 180 261 289 252 99 Total 352 432 590 762 769 597 311 Earnings ($MM) Global Wealth Management Investment in TD Ameritrade2 See slide #5 for defi
Slide 29: U.S. Personal and Commercial Banking Overview
U.S. Personal and Commercial Banking Overview Key Businesses Personal Banking Over 1,100 stores More than 2,700 ATMs 24/7 live customer support More than 6.5 million customers Commercial Banking Offers a broad range of products and services to meet customers' financing, investment, cash management,
Slide 30: U.S. Personal and Commercial Banking Key Messages
U.S. Personal and Commercial Banking Key Messages Lead in customer service and convenience Rated "Highest in Customer Satisfaction" with Small Business Banking three years in a row1 Unique positioning and culture that is difficult for others to replicate Significant scale and enviable footprint Oper
Slide 31: U.S. Personal and Commercial Banking Performance
U.S. Personal and Commercial Banking Performance 2005 2006 2007 2008 2009 Q2 2010 YTD USD 158 255 359 806 909 472 Total 158 255 359 806 909 472 Adjusted Earnings1 (C$MM) See slide #5 for definition of adjusted results. 4-year CAGR is calculated based on compound annual growth from 2005 to 2009. Also
Slide 32: Wholesale Banking Overview
Wholesale Banking Overview Key Businesses Investment Banking Advisory, underwriting, and corporate lending Equities Trading, facilitation, execution services, and research Rates and Foreign Exchange Trading, facilitation, execution services, trade finance, and cash management services As at Q2 2010
Slide 33: Wholesale Banking Key Messages
Wholesale Banking Key Messages Focus on client-driven franchise businesses Presence in key global financial centres Strategic decisions before financial crisis to reduce corporate lending risk profile and exit global structured products Leveraging strength of TD brand and partners to grow U.S. fixed
Slide 34: Wholesale Banking Performance
Wholesale Banking Performance 2004 2005 2006 2007 2008 2009 Q2 2010 YTD Wholesale 588 551 664 824 65 1137 592 Security Gains Total 588 551 664 824 65 1137 592 Adjusted Earnings1 ($MM) See slide #5 for definition of adjusted results. Also see the Wholesale segment discussion in the Business Segment A
Slide 35: Canadian Economy - Highlights
Canadian Economy - Highlights One of the 10 most competitive economies1 Soundest banking system in the world1 Canadian economy outperformed over last decade Average annual real GDP growth of 2.7% from 1997 to 2009 Canadian economy beginning to show signs of recovery Strong Canadian housing market Cy
Slide 36: Solid Financial System in Canada
Solid Financial System in Canada Strong retail and commercial banks Conservative lending standards All major wholesale dealers owned by Canadian banks, with stable retail earnings base to absorb any wholesale write-offs Responsive government and central bank Proactive policies and programs to ensure
Slide 37: Significant Differences in the Canadian and U.S. Mortgage Market
Significant Differences in the Canadian and U.S. Mortgage Market Canada U.S. Type 2% of the mortgage credit outstanding estimated to be non-conventional mortgages Mortgage insurance mandatory if LTV over 80%. Insurance premium levied on total mortgage amount covering the entire amortization 10% of m
Slide 38: Canadian Economy Strengths
Canadian Economy Strengths Canadian economy outperformed over last decade 1. Source: National Statistical Agencies/ Haver Analytics. Seasonally adjusted, chained figures used 2. Source: Statistics Canada. Seasonally adjusted annual rate, millions of chained 2002 Canadian dollars (figure is expressed
Slide 39: Canadian Economy Near Term Slowdown
Canadian Economy Near Term Slowdown Commodity prices have corrected from record high levels, but have most likely bottomed out Credit to households falling in U.S. but still growing in Canada, albeit at a slower pace TD Commodity Price Index1 Chart 5 - Commodity Prices 1998 1999 2000 2001 2002 2003
Slide 40: Canadian Economy Long Term Support
Canadian Economy Long Term Support Unemployment rate has peaked and will remain below prior recessionary peaks 1. Source: Statistics Canada. Forecast by TD Economics as at March 2010 2. Source: National statistical agencies and governments; forecasts by the Dept. of Finance, HM Treasury, and the OMB
Slide 41: Investor Relations Contacts
Investor Relations Contacts Phone: 416-308-9030 or 1-866-486-4826 Email: tdir@td.com Website: www.td.com/investor Best Investor Relations by Sector: Financial Services Best Retail Investor Communications
Slide 42: Building the better bank every day – presentation made available June 17, 2010
building the better bank every day Bank Financial group THE FOLLOWING IS A PRESENTATION MADE AVAILABLE TO INVESTORS OF THE TORONTO-DOMINION BANK AND ON THE WEBSITE OF THE TORONTO-DOMINION BANK ON JUNE 17, 2010.
Slide 43: Building the better bank every day – Fixed Income Presentation June 2010
Building the better bank every day Fixed Income Presentation June 2010
Slide 44: Caution regarding forward-looking statements
Caution regarding forward-looking statements From time to time, The Toronto-Dominion Bank (the Bank) makes written and oral forward-looking statements, including in this presentation, in other filings with Canadian regulators or the U.S. Securities and Exchange Commission (SEC), and in other communi
Slide 45: Additional Information
Additional Information The proposed merger transaction involving The Toronto-Dominion Bank and The South Financial Group, Inc. will be submitted to The South Financial Group, Inc.'s shareholders for their consideration. The Toronto-Dominion Bank and The South Financial Group, Inc. have filed with th
Slide 46: Contents
Contents Overview of TD Bank Financial Group Treasury and Balance Sheet Management Appendix
Slide 47: Key Takeaways
Key Takeaways Simple Strategy, Consistent Focus Building the Better Bank Franchise Businesses Repeatable and growing earnings stream Focus on customer-driven products and services Operating a franchise dealer of the future Consistently reinvest in our competitive advantages Retail Earnings Focus Lea
Slide 48: TD Bank Financial Group: A Top Bank in North America
TD Bank Financial Group A Top 10 Bank in North America Q2 20101 (In U.S.$B)2 Compared to: Compared to: Q2 20101 (In U.S.$B)2 Canadian Peers7 North American Peers8 Total Assets $571 2nd 6th Total North American Deposits $402 1st 4th Market Cap3 $60.7 2nd 6th Adj. Net Income4 (Trailing 4 Quarters) $4.
Slide 49: Financial Results
Financial Results Strong performance through tough economic conditions Adjusted results are defined on slide #5. (C$MM)1 Q2 2010 QoQ YoY F2009 YoY Revenue $ 4,767 -5% 10% $ 17,860 22% Provision for Credit Losses 365 -29% -53% 2,480 133% Expenses 2,953 -1% -3% 12,211 29% Adjusted Net Income $ 1,234 -
Slide 50: Lower Risk Retail Focus
Canadian P&C Global Wealth TD AMTD U.S. P&C Wholesale Q2 2010 761 111 56 245 220 Lower Risk Retail Focus1 Based on adjusted results as described on slide #5. "P&C" refers to Personal and Commercial Banking. "Global Wealth" and "TD Ameritrade" make up the Wealth Management business segment. TDBFG has
Slide 51: Strong Focus on Risk-Return
Strong Focus on Risk-Return Return on Risk-Weighted Assets1,2,3 TD Canadian Peers U.S. Peers East 0.0257 0.0203 0.0118 TD based on Q2/10 adjusted results, as described on slide #5. Return on risk-weighted assets is adjusted net income available to common shareholders divided by average RWA. Canadian
Slide 52: Managing through Current Environment
TD Bank Financial Group: Managing through Current Environment Get across the recession valley Carefully manage capital, funding, liquidity and risk Keep our business model intact Preserve our performance, convenience and service culture Emerge with momentum on our side Continue to invest in our core
Slide 53: Strong, Consistent Dividend History
Strong, Consistent Dividend History 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 0.02 0.02 0.02 0.02 0.02 0.03 0.03
Slide 54: Simple Strategy, Consistent Focus, Superior Execution
Simple Strategy, Consistent Focus, Superior Execution 2004 2005 2006 2007 2008 2009 Q2 2010 YTD Canadian P&C 1450 1702 1966 2253 2424 2472 1481 Wealth Management 352 432 590 762 769 597 311 U.S. P&C 0 158 255 359 806 909 472 Wholesale Banking 588 551 664 824 65 1137 592 Total 2485 2861 3376 4189 381
Slide 55: Key Takeaways
Key Takeaways Building the Better Bank Franchise Businesses Retail Earnings Focus Risk Discipline North American
Slide 56: Contents
Contents Overview of TD Bank Financial Group Treasury and Balance Sheet Management Appendix
Slide 57: Strong capital position
NI 2004 2005 2006 2007 2008 2009 Q2 2010 Tier 1 Capital Ratio 0.126 0.101 0.12 0.103 0.098 0.113 0.12 Tier 1 Capital Ratio Strong capital position As at Q2 2010 (April 30, 2010). Tangible common equity is equal to the sum of Common Shares, Retained earnings, certain components of Accumulated Other C
Slide 58: TD Credit Ratings
TD Credit Ratings As at April 30, 2010. Moody's: Issuer Rating, S&P: LT Foreign Issuer Credit, Fitch: LT Issuer Default Rating, DBRS: Senior Unsecured Debt. Strong credit ratings Moody's S&P Fitch DBRS Aaa AA- AA- AA Issuer Ratings1
Slide 59: Disciplined Risk Management
Disciplined Risk Management: Enterprise-wide risk management policies and practices Risk measurement and quantification Scenario analysis Stress testing Integrated risk monitoring and reporting To senior management and Board of Directors Regular review, evaluation, and approval of risk policies Exec
Slide 60: Robust Liquidity Management
Robust Liquidity Management Global liquidity risk management policy Low reliance on wholesale funding Incorporate off-balance sheet exposures into liquidity plan Monitors global funding market conditions and potential impacts to our funding access on a daily basis Match terms of assets and liabiliti
Slide 61: Attractive Balance Sheet Composition
Personal Non-Term Deposits Personal Term Deposits Commercial Deposits Common Equity Securitization Non-Common Capital Medium Term Notes & Subordinated Debt Deposits Carried at Fair Value Other Wholesale Deposits Liabilities 0.29 0.13 0.19 0.06 0.09 0.01 0.05 0.06 0.12 Attractive Balance Sheet Compos
Slide 62: Funding Strategy
Funding Strategy Large base of stable retail and commercial deposits Limits on amount of deposits we can hold from any one depositor Large user of securitization program, primarily via Canada Mortgage Bond (CMB) Minimal reliance on wholesale funding historically Wholesale funding diversified geograp
Slide 63: Key Takeaways
Key Takeaways Strong capital base Excellent credit ratings Proactive and disciplined risk management Attractive balance sheet composition Diverse funding strategy to support growth plans
Slide 64: Contents
Contents Overview of TD Bank Financial Group Treasury and Balance Sheet Management Appendix
Slide 65: Canadian Personal and Commercial Banking Overview
Canadian Personal and Commercial Banking Overview Key Businesses Canadian Banking Personal Banking Retail operations provide a full range of financial products and services Over 11 million personal and small business customers More than 1,100 branches across Canada More than 2,700 automated teller m
Slide 66: Canadian Personal and Commercial Banking Key Messages
Canadian Personal and Commercial Banking Key Messages Lead in customer service and convenience Rated #1 by J.D. Power1 and Synovate2, year after year More than 50% longer branch hours than peers3 Integrated product offerings #1 or #2 market share in most retail products4 Client referrals and product
Slide 67: Canadian Personal and Commercial Banking Performance
Canadian Personal and Commercial Banking Performance 2004 2005 2006 2007 2008 2009 Q2 2010 YTD Canadian P&C 1450 1702 1966 2253 2424 2472 1481 Earnings ($MM) See slide #5 for definition of adjusted results. 5-year CAGR is calculated based on compound annual growth from 2004 to 2009. Also see the Can
Slide 68: Wealth Management Overview
Wealth Management Overview Key Businesses Online Brokerage Canada U.S. - 45% reported equity investment in TD Ameritrade Europe U.K., Ireland Luxembourg: Internaxx Advice-Based Businesses Canada Financial Planning Private Investment Advice Full service brokerage Private Client Group Private banking,
Slide 69: Wealth Management Key Messages
Wealth Management Key Messages Leading market positions #1 online brokerage in Canada1 #1 in long-term mutual fund sales in Canada2 #1 execution-only brokerage in the U.K.3 Integrated wealth organization Financial Planners based in retail bank branches Client referrals from TDBFG retail businesses a
Slide 70: Wealth Management Performance
Wealth Management Performance 2004 2005 2006 2007 2008 2009 Q2 2010 YTD Canadian Wealth Management 267 324 410 501 480 345 212 U.S. Wealth Management 85 108 180 261 289 252 99 Total 352 432 590 762 769 597 311 Earnings ($MM) Global Wealth Management Investment in TD Ameritrade2 See slide #5 for defi
Slide 71: U.S. Personal and Commercial Banking Overview
U.S. Personal and Commercial Banking Overview Key Businesses Personal Banking Over 1,100 stores More than 2,700 ATMs 24/7 live customer support More than 6.5 million customers Commercial Banking Offers a broad range of products and services to meet customers' financing, investment, cash management,
Slide 72: U.S. Personal and Commercial Banking Key Messages
U.S. Personal and Commercial Banking Key Messages Lead in customer service and convenience Rated "Highest in Customer Satisfaction" with Small Business Banking three years in a row1 Unique positioning and culture that is difficult for others to replicate Significant scale and enviable footprint Oper
Slide 73: U.S. Personal and Commercial Banking Performance
U.S. Personal and Commercial Banking Performance 2005 2006 2007 2008 2009 Q2 2010 YTD USD 158 255 359 806 909 472 Total 158 255 359 806 909 472 Adjusted Earnings1 (C$MM) See slide #5 for definition of adjusted results. 4-year CAGR is calculated based on compound annual growth from 2005 to 2009. Also
Slide 74: Wholesale Banking Overview
Wholesale Banking Overview Key Businesses Investment Banking Advisory, underwriting, and corporate lending Equities Trading, facilitation, execution services, and research Rates and Foreign Exchange Trading, facilitation, execution services, trade finance, and cash management services As at Q2 2010
Slide 75: Wholesale Banking Key Messages
Wholesale Banking Key Messages Focus on client-driven franchise businesses Presence in key global financial centres Strategic decisions before financial crisis to reduce corporate lending risk profile and exit global structured products Leveraging strength of TD brand and partners to grow U.S. fixed
Slide 76: Wholesale Banking Performance
Wholesale Banking Performance 2004 2005 2006 2007 2008 2009 Q2 2010 YTD Wholesale 588 551 664 824 65 1137 592 Security Gains Total 588 551 664 824 65 1137 592 Adjusted Earnings1 ($MM) See slide #5 for definition of adjusted results. Also see the Wholesale segment discussion in the Business Segment A
Slide 77: Canadian Economy - Highlights
Canadian Economy - Highlights One of the 10 most competitive economies1 Soundest banking system in the world1 Canadian economy outperformed over last decade Average annual real GDP growth of 2.7% from 1997 to 2009 Canadian economy beginning to show signs of recovery Strong Canadian housing market Cy
Slide 78: Solid Financial System in Canada
Solid Financial System in Canada Strong retail and commercial banks Conservative lending standards All major wholesale dealers owned by Canadian banks, with stable retail earnings base to absorb any wholesale write-offs Responsive government and central bank Proactive policies and programs to ensure
Slide 79: Significant Differences in the Canadian and U.S. Mortgage Market
Significant Differences in the Canadian and U.S. Mortgage Market Canada U.S. Type 2% of the mortgage credit outstanding estimated to be non-conventional mortgages Mortgage insurance mandatory if LTV over 80%. Insurance premium levied on total mortgage amount covering the entire amortization 10% of m
Slide 80: Canadian Economy Strengths
Canadian Economy Strengths Canadian economy outperformed over last decade 1. Source: National Statistical Agencies/ Haver Analytics. Seasonally adjusted, chained figures used 2. Source: Statistics Canada. Seasonally adjusted annual rate, millions of chained 2002 Canadian dollars (figure is expressed
Slide 81: Canadian Economy Near Term Slowdown
Canadian Economy Near Term Slowdown Commodity prices have corrected from record high levels, but have most likely bottomed out Credit to households falling in U.S. but still growing in Canada, albeit at a slower pace TD Commodity Price Index1 Chart 5 - Commodity Prices 1998 1999 2000 2001 2002 2003
Slide 82: Canadian Economy Long Term Support
Canadian Economy Long Term Support Unemployment rate has peaked and will remain below prior recessionary peaks 1. Source: Statistics Canada. Forecast by TD Economics as at March 2010 2. Source: National statistical agencies and governments; forecasts by the Dept. of Finance, HM Treasury, and the OMB
Slide 83: Investor Relations Contacts
Investor Relations Contacts Phone: 416-308-9030 or 1-866-486-4826 Email: tdir@td.com Website: www.td.com/investor Best Investor Relations by Sector: Financial Services Best Retail Investor Communications
Slide 84: Communication sent to employees of The Toronto-Dominion Bank
Building the better bank every day Bank Financial Group THE FOLLOWING IS A COMMUNICATION SENT TO EMPLOYEES OF THE TORONTO-DOMINION BANK ON JUNE 17, 2010.
South Financial Group — Debt Investor Presentation (June 2010) on 6ix