Canadian Imperial Bank Of Commerce · TSX:CM
Canadian Imperial Bank Of Commerce — Scotiabank Financials Summit 2013
19 slides from Canadian Imperial Bank Of Commerce's conference presentation, Sep 4, 2013
Slide 1: Scotiabank Financials Summit 2013
Scotiabank Financials Summit 2013 Gerry McCaughey P President id t and d Chief Chi f Executive E ti Officer Offi September 4, 2013 0
Slide 2: Forward Looking Statements
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 communicati
Slide 3: The CIBC Story
THE CIBC STORY Consistent Sustainable Earnings Driving Strong Capital Generation Building ld on a record d off 1 consistent earnings High returns and capital 2 strength A lower risk bank with consistent sustainable Disciplined deployment / return earnings driving strong 3 of capital capital generati
Slide 4: A Record of Delivering Consistent Sustainable Earnings
1. CONSISTENT EARNINGS A Record of Delivering Consistent Sustainable Earnings(1) Revenue Net Income ($ billions) ($ billions) 13.0 3.6 12.8 3.4 32 3.2 12.6 2011 2012 2013 LTM2 2011 2012 2013 LTM2 Diluted Earnings per Share ROE ($) (%) 8.60 24.8 22.6 22.6 8.07 7.57 2011 2012 2013 LTM2 2011 2012 Q3/13
Slide 5: The CIBC Story
THE CIBC STORY Strong Capital Generation. Driving Consistent Earnings Growth Building ld on a record d off 1 consistent earnings High returns and capital 2 strength A lower risk bank with consistent sustainable Disciplined deployment / return earnings driving strong 3 of capital capital generation S
Slide 6: Leading ROE and Strong Capital Position
2. HIGH RETURNS AND CAPITAL Leading ROE and Strong Capital Position Return on Equity(1) Basel III CET 1 Ratio(2) (%) (%) 21.3% 9.6% 19.7% 9.3% 9.2% 8.9% 8.9% 16.8% 14.9% 14.2% (1) F2013 YTD. (2) As of July 31, 2013. 5
Slide 7: The CIBC Story
THE CIBC STORY Strong Capital Generation. Driving Consistent Earnings Growth Building ld on a record d off 1 consistent earnings High returns and capital 2 strength A lower risk bank with consistent sustainable Disciplined deployment / return earnings driving strong 3 of capital capital generation S
Slide 8: Disciplined Deployment / Return of Capital
3. DISCIPLINED DEPLOYMENT Disciplined Deployment / Return of Capital Cash Earnings >$3B $ Annually y Return to Acquisitions Organic Growth Shareholders • Dividend p payout y 40- • Selective acquisitions q • High g p priority y 50% to support strategic • Focused on operational • Active share prioriti
Slide 9: The CIBC Story
THE CIBC STORY Strong Capital Generation. Driving Consistent Earnings Growth Building ld on a record d off 1 consistent earnings High returns and capital 2 strength A lower risk bank with consistent sustainable Disciplined deployment / return g driving earnings g strong g 3 of capital capital genera
Slide 10: Retail and Business Banking Strengths and Strategy
RETAIL AND BUSINESS BANKING TODAY Retail and Business Banking Strengths and Strategy Strengths R&BB Net Income Solid position in key markets ($ billions) Leader in mobile banking g Strong distribution network 2.3 2.4 2.2 Strategy Focused on two objectives – to enhance the client experience a
Slide 11: Launched Wide Range Of Initiatives
ACTIONS TAKEN: Launched Wide Range Of Initiatives Deepening Improving Acquiring and Client Relationships Sales and Service Retaining Clients Exit FirstLine and Value-driven sales Changed pricing convert training for frontline strategy to CIBC staff (Break Away) Expanding branch Multi Produ
Slide 12: Aeroplan Update
RETAIL AND BUSINESS BANKING TODAY Aeroplan Update Discussions regarding a 3-way deal are ongoing: Proposed 3-way deal with TD and Aimia g CIBC would retain Aerogold customers with broader banking g relationships (~50% of portfolio) Consistent with our strategy to deepen client relationships
Slide 13: The CIBC Story
THE CIBC STORY Strong Capital Generation. Driving Consistent Earnings Growth Building ld on a record d off 1 consistent earnings High returns and capital 2 strength A lower risk bank with consistent sustainable Disciplined deployment / return g driving earnings g strong g 3 of capital capital genera
Slide 14: Wealth Management Strengths and Strategy
WEALTH MANAGEMENT TODAY Wealth Management Strengths and Strategy Strengths Wealth Management Net Income Strong asset management and retail ($ millions) brokerage franchise AUA of $224.7B, up 7.6% YoY 368 Strong long-term mutual fund sales 339 279 Strategy Target advice-seeking clients, throu
Slide 15: Wealth Management: Building toward >15% of Bank Earnings
WEALTH MANAGEMENT: Building toward >15% of Bank Earnings Private Wealth Asset Management Retail Brokerage Management Add US Asset Acquire independents Maintain strong Management scale l i C in Canada d where h position in Canada possible Enhance investment capabilities Establish and grow US PWM busi
Slide 16: Wholesale Banking Strengths and Strategy
WHOLESALE BANKING TODAY Wholesale Banking Strengths and Strategy Strengths Full service investment bank Wholesale Banking in Canada Net Income ($ millions) Strong, stable, risk risk-controlled controlled performance 699 Client focused strategy with strong expertise in key industries 613 543 St
Slide 17: Caribbean Strengths and Strategy
CARIBBEAN BANKING TODAY Caribbean Strengths and Strategy Strengths Offers market leading financial services in 17 countries around the Caribbean US$11.7 billion in assets Strategy Strengthen our offshore Caribbean banking business Goal: Return to historic profitability level Leverage and m
Slide 18: Going Forward: Summary
GOING FORWARD Summary Wealth Corporate / R&BB Wholesale Management Other • Repositioning in • Achieving 15% • Int’l expansion • Caribbean progress or more of NIAT in target improvement • Mobile • Acquisitions industries leadership • Asset growth • Leverage • Revenue growth Canadian client converging
Slide 19: Questions
Questions 18
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