Canadian Imperial Bank Of Commerce · TSX:CM

Canadian Imperial Bank Of Commerce — Q2 2010 Earnings Presentation

14 slides from Canadian Imperial Bank Of Commerce's earnings presentation, May 27, 2010

  1. Slide 1: Second Quarter 2010 Investor Presentation

    Second Quarter, 2010 Investor Presentation CIBC Investor Presentation May 27, 2010 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

  2. Slide 2: CIBC Overview and Financial Review

    Second Quarter, 2010 Investor Presentation CIBC Overview Gerry McCaughey President and Chief Executive Officer Second Quarter, 2010 Financial Review David Williamson Senior Executive Vice-President and Chief Financial Officer 2

  3. Slide 3: Q2 Summary

    Second Quarter, 2010 Investor Presentation Q2 Summary $ Per Share EPS(1): $1.59 Includes(3)– Gain on Structured Credit Run-off 0.11 Cash EPS(2): $1.61 – Reversal of Tax-related Interest Expense 0.04 Tier 1 Capital 0.15 Ratio: 13.7% (4) TCE Ratio: 8.9% Core Operating Results  Helped by:  Hurt by: –

  4. Slide 4: CIBC Retail Markets

    Second Quarter, 2010 Investor Presentation CIBC Retail Markets Revenue Components F ‘09 F ‘10 ($MM) Q2 Q3 Q4 Q1 Q2 Personal Banking 1,398 1,518 1,562 1,601 1,554 Business Banking 301 332 334 331 324 Wealth Management 297 318 337 346 345 FirstCaribbean 204 169 160 157 165 Other 23 (19) (37) (33) (54)

  5. Slide 5: CIBC Retail Markets Statement of Operations

    Second Quarter, 2010 Investor Presentation CIBC Retail Markets Quarterly Statement of Operations F ‘09 F ‘10 ($MM) Q2 Q3 Q4 Q1 Q2 Net Income Revenue 2,223 2,318 2,356 2,402 2,334 vs. Q2/09: Provision for (1) + spreads up Credit Losses 325 417 362 365 334 + volumes up Non-Interest (1) Expenses 1,289

  6. Slide 6: Wholesale Banking

    Second Quarter, 2010 Investor Presentation Wholesale Banking Quarterly Statement of Operations F ‘09 F ‘10 ($MM) Q2 Q3 Q4 Q1 Q2 Net Income Revenue (213) (1) 552 (1) 503 (1) 613(1) 548 (1) vs. Q1/10: Provision for + lower expenses (1) Credit Losses 18 129 82 24 27 + reversal of interest Non-Interest

  7. Slide 7: Appendix

    Second Quarter, 2010 Investor Presentation Second Quarter, 2010 Financial Review Appendix CIBC Retail Markets Balances (1) F ‘09 F ‘10 ($ B) Q2 Q3 Q4 Q1 Q2 Funds Managed: Cards, Outstanding (2) 13.8 13.8 13.9 14.0 13.9 Residential Mortgages & Personal Loans (2) 154.3 157.5 159.7 161.1 163.7 Consumer

  8. Slide 8: Wholesale Banking Market Share

    Second Quarter, 2010 Investor Presentation Wholesale Banking Market Share (%) 17.7 Canadian 13.6 14.6 10.8 8.4 Equity New Issues(1)(2) Equity Trading Canada - % 17.4 18.8 15.1 17.2 17.5 of shares Traded - Total(3) 15.9 15.4 Corporate Debt 13.0 New Issues(4) 11.3 10.9 M&A Rank(5) #2 #2 #2 #1 #1 Q2 Q3

  9. Slide 9: Items of Note

    Second Quarter, 2010 Investor Presentation Items of Note Pre-Tax After-Tax EPS Effect Strategic Business Unit Q2 2010 Effect ($MM) Effect ($MM) ($/share) Gain on Structured Credit Run-off Activities 58 40 0.11 Wholesale Bkg Reversal of Interest Expense re. the favourable conclusion of prior years’ t

  10. Slide 10: Non-GAAP Financial Measures

    Second Quarter, 2010 Investor Presentation Non–GAAP Financial Measures Cash Earnings Per Share, Taxable Equivalent Basis & Managed Loans For further details, see Non-GAAP measures within the Notes to users section on page i of the Q2/10 Supplementary Financial Information available on www.cibc.com.

  11. Slide 11: Q2 Credit Review

    Second Quarter, 2010 Investor Presentation Q2 Credit Review Total Specific Provisions Gross Impaired Loans ($MM) ($MM) 1,926 1,968 357 332 Q1 Q2 Q1 Q2 F ‘10 F ‘10 F ‘10 F ‘10 21 U.S. Commercial Real Estate As of Q2/10 US$MM Gross Loans/BAs GILs Retail 629 34 Multi-family 404 134 Hotel 390 25 Multi-U

  12. Slide 12: Cards (Managed)

    Second Quarter, 2010 Investor Presentation Cards (Managed) ($MM) 300 8.0% 7.0% 250 6.0% 200 5.0% 150 4.0% 248 224 218 3.0% 100 192 191 170 138 2.0% 130 106 101 114 50 96 1.0% 0 0.0% (1) (1) 2006 2007 Q1/08 Q2/08 Q3/08 Q4/08 Q1/09 Q2/09 Q3/09 Q4/09 Q1/10 Q2/10 PCL Net Credit Loss Ratio • During Q4/09

  13. Slide 13: Q2 Trading Revenue Distribution

    Second Quarter, 2010 Investor Presentation Q2 Trading Revenue (TEB) Distribution (1) (2) Frequency Distribution of Daily Trading Revenue (TEB) for Q2 2010 16 14 Trading Revenue Days 12 10 8 6 4 2 0 (2) (1) 0 1 2 3 4 5 6 7 8 9 10 More (C $ MM) (1) For further details, see Non-GAAP measures within the

  14. Slide 14: Q&A

    Second Quarter, 2010 Investor Presentation Second Quarter, 2010 Q&A 14

Canadian Imperial Bank of Commerce (CIBC) — Q2 2010 Earnings Presentation on 6ix