Toronto-dominion Bank · TSX:TD

Toronto-dominion Bank — TD Bank Group — Q1 2025 Earnings Presentation

76 slides from Toronto-dominion Bank's earnings presentation, February 2025

1. Slide 1: Investor Presentation TD Bank Group Q1 2025

   Investor Presentation TD Bank Group Q1 2025

2. Slide 2: Caution Regarding Forward-Looking Statements

   Caution Regarding Forward-Looking Statements From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and

3. Slide 3: Key Themes

   TD Bank Group Key Themes Top 10 North American Bank 1 6th largest bank by Total Assets1 6th largest bank by Market Cap1 Q1 2025 Financial Results 2 For the three months ended January 31, 2025 Strong Balance Sheet and Capital Position 3 Highly rated by major credit rating agencies2 3 NB: Explanatory

4. Slide 4: Strategic Review Update

   Strategic Review Update Adjust business Simplify the Evolve the Bank Drive efficiency mix and capital business and accelerate and operational allocation portfolio capabilities excellence Re-allocate capital and Divest or wind down Streamline operating Improve operations disproportionately invest bus

5. Slide 5: U.S. AML Remediation

   U.S. AML Remediation1 We remain on track to implement the majority of remediation actions in 2025 as part of our multi-year program Talent, Governance Remaining Appointment of Implement majority Complete remaining & Structure, and implementations Monitorship of remediation Suspicious Activity Policy

6. Slide 6: U.S. Balance Sheet Restructuring

   U.S. Balance Sheet Restructuring1 Progress Update As of January 31, total assets of ~US$402B vs. US$434B asset limitation2 ~10% Asset Reduction Investment Portfolio Repositioning  Paid down US$25B of borrowings using  ~US$13B notional sold in Q1'25 mainly cash and investment maturities in Q1'25 

7. Slide 7: TD Snapshot

   TD Snapshot Diversification and scale, underpinned by a strong risk culture Our Businesses Canadian Personal & Commercial Banking  Personal banking, credit cards and auto finance  Small business, commercial banking, merchant solutions and equipment finance U.S. Retail  Personal banking, credit ca

8. Slide 8: Competing in Attractive Markets

   Competing in Attractive Markets Country Statistics Country Statistics  World's 10th largest economy  World’s largest economy  Real GDP of ~CAD$2.4 trillion  Real GDP of ~US$28 trillion  Population of ~41 million  Population of ~340 million Canadian Banking System U.S. Banking System  One of t

9. Slide 9: Top 10 North American Bank

   Top 10 North American Bank Canadian North American Q1 2025 (C$ except otherwise noted) TD Bank Group Ranking Ranking Total assets $2,094B 2nd 6th Total deposits $1,290B 2nd 6th Market capitalization $145.2B 2nd 6th Reported net income (trailing four quarters) $8.8B 2nd 6th Adjusted net income1 (trai

10. Slide 10: Strong Momentum Across our Businesses

    Strong Momentum Across our Businesses Canadian Personal & Commercial Banking U.S. Retail  Record revenue, PTPP, deposits and loans  AML remediation is the #1 priority  Personal Bank maintained #1 non-term market share  Executing against U.S. balance sheet restructuring and delivered strong YoY t

11. Slide 11: Diversified Business Mix

    Diversified Business Mix Four key business lines Q1 2025 Reported Earnings Mix5 Canadian Personal & Commercial U.S. Retail Banking Bank, 5%6 • Robust retail banking platform in Canada with proven performance Investment in Charles Canadian Schwab, 6% 7 Personal & U.S. Retail Commercial • Top 10 bank1

12. Slide 12: North American Scale Over the Years

    North American Scale Over the Years Increasing Retail Focus and U.S. Expansion 2000-2004 – A Canadian Leader 2005-2010 – Building U.S. Platform 2011-2015 – Acquiring Assets New Capabilities and Partnerships • Acquisition of Canada Trust (2000) • TD Waterhouse USA / Ameritrade • Acquired Chrysler Fin

13. Slide 13: Innovating for our Customers, Colleagues and Communities

    Innovating for our Customers,​ Colleagues and Communities​ Helping to shape the • Teaching the next generation of clients: To support financial education future of banking among younger Canadians, TD introduced Treat Island Tycoon, a financial TD Invent, our enterprise literacy game on the popular p

14. Slide 14: Continued Adoption of our Digital Channels

    Continued Adoption of our Digital Channels Canadian P&C1 U.S. Retail1 Home & Auto Insurance Digital Adoption (% of total customers)2 +169bps +117bps 65.9 End-to-End Digital Sales (% of all transactions)6 64.2 56.1 57.2 +960 bps 42.9 Q1/24 Q1/25 Q1/24 Q1/25 33.3 Mobile Users (millions)3 +7.7% +3.5% Q

15. Slide 15: Commitment to Sustainability

    Commitment to Sustainability Best Information #1 Customers Security and Fraud Small Business Management Administration (SBA) Environment Social Governance by Global Finance for lending in Maine-to- fourth consecutive year 1 Florida footprint2 Economic ESG Centre $500B Inclusion of Expertise Strong C

16. Slide 16: Key Themes

    TD Bank Group Key Themes Top 10 North American Bank 1 6th largest bank by Total Assets1 6th largest bank by Market Cap1 Q1 2025 Financial Results 2 For the three months ended January 31, 2025 Strong Balance Sheet and Capital Position 3 Highly rated by major credit rating agencies2 16

17. Slide 17: Q1 2025 Highlights

    Q1 2025 Highlights EPS of $1.55, flat YoY P&L ($MM)  Adjusted1 EPS of $2.02, up 1% YoY Reported Q1/25 QoQ YoY Revenue 14,049 (9%) 2% PTPP up 5% YoY (Adj1 up 6% YoY, excl. U.S. Strategic Insurance Service Expenses Card Portfolio partners' share (SCP), FX, & ISE) 1,507 (36%) 10% (ISE) PCL Revenue up

18. Slide 18: Canadian Personal & Commercial Banking

    Canadian Personal & Commercial Banking Record revenue with continued volume growth P&L ($MM) Reported Q1/25 QoQ YoY Net income up 3% YoY; PTPP up 6% YoY Revenue 5,149 2% 5% Revenue up 5% YoY PCL 521 +$91 +$98  Volume growth Impaired 459 +$3 +$95  Loan volumes up 4% Performing 62 +$88 +$3  Deposit

19. Slide 19: U.S. Retail

    U.S. Retail Continued momentum and progress P&L (US$MM) (except where noted) on balance sheet restructuring Reported Q1/25 QoQ YoY Net income down 62% (Adj1 down 15%) Revenue 1,962 (17%) (24%) PCL 318 +$33 +$33 PTPP down 63% (Adj1 down 12%) Impaired 371 +$65 +$92 Revenue down 24% YoY (Adj1 up 1%) Pe

20. Slide 20: Wealth Management & Insurance

    Wealth Management & Insurance Record Wealth revenue, strong P&L ($MM) Insurance premium growth Reported Q1/25 QoQ YoY Net income up 23% YoY; PTPP up 27% YoY Revenue 3,598 (9%) 15% Insurance Service Expenses 1,507 (36%) 10% Revenue up 15% YoY (ISE) Revenue, net of ISE 2,091 33% 18%  Wealth Managemen

21. Slide 21: Wholesale Banking

    Wholesale Banking Record revenue driven by Global Markets business P&L ($MM) Reported Q1/25 QoQ YoY Net income up 46% YoY (Adj1 up 14% YoY) Revenue 2,000 13% 12% PTPP up 66% (Adj1 up 30%) Global Markets 1,279 28% 17% Investment Banking 744 (1%) 5% Revenue up 12% YoY PCL 72 -$62 +$62 Impaired 33 -$10

22. Slide 22: Corporate Segment

    Corporate Segment Reported net loss of $359MM P&L ($MM)  Adjusted1 loss of $266MM Reported Q1/25 Q4/24 Q1/24 Net Income (Loss) (359) 526 (591) Adjustments for items of note Amortization of acquired intangibles2 61 60 94 Acquisition and integration charges related to - 35 32 the Schwab transaction3

23. Slide 23: Capital

    Capital1 Strong capital and liquidity QoQ CET 1 ratio management 56 bps CET 1 ratio 13.1%, up 2 bps QoQ (29) bps (2) bps (15) bps  Strong internal capital generation, +27 bps (8) bps (0) bps offset by RWA growth (excl. FX) and Adjusted Internal impact from U.S. balance sheet Capital Generation 13.1

24. Slide 24: Gross Lending Portfolio

    Gross Lending Portfolio Period-End Balances ($B unless otherwise noted) Q4/24 Q1/25 Canadian Personal and Commercial Portfolio 583.1 587.0 Personal 457.0 457.9 Residential Mortgages 270.9 270.5 Home Equity Lines of Credit (HELOC) 123.0 124.2 Indirect Auto 29.9 30.1 Credit Cards 20.5 20.4 Other Perso

25. Slide 25: Provision for Credit Losses (PCL)

    Provision for Credit Losses (PCL) By Business Segment PCL: $MM and Ratios1,2,3 Highlights Wealth Management & Insurance  PCL increase quarter-over- Wholesale Banking quarter, largely reflected in: $1,212 Canadian Personal & Commercial Banking $1,109 – Canadian Personal & $1,071 $1,072 $72 U.S. Reta

26. Slide 26: Allowance for Credit Losses (ACL)

    Allowance for Credit Losses (ACL) ACL1,2: $B and Coverage Ratios3 Highlights  ACL increased $457 million 99 bps quarter-over-quarter, related to: 93 95 91 United States 74 89 – The impact of foreign Canada $9.1 $9.6 exchange $8.6 $8.8 $8.3 – Overlays in the Business 56% 56% 57% and Government lendi

27. Slide 27: Key Themes

    TD Bank Group Key Themes Top 10 North American Bank 1 6th largest bank by Total Assets1 6th largest bank by Market Cap1 Q1 2025 Financial Results 2 For the three months ended January 31, 2025 Strong Balance Sheet and Capital Position 3 Highly rated by major credit rating agencies2 27

28. Slide 28: Robust Capital & Liquidity Management

    Robust Capital & Liquidity Management Risk-Based TLAC Ratio1,2 Liquidity Coverage Ratio (LCR) Current Risk-based TLAC Ratio: 29.5%3 Minimum Risk-based TLAC Ratio: 25.0% 140% 141% 138% 12.6% 129% 120% 126% 2.3% 1.6% 25.0% 100% 13.1% 80% Q2'24 Q3'24 Q4'24 Q1'25 CET1 Additional Tier 2 Senior 4 Total TL

29. Slide 29: Strong Credit Ratings

    Strong Credit Ratings Issuer Ratings1 Rating Agencies Senior Debt2 Ratings Outlook Moody's A2 Stable S&P A- Stable DBRS AA Negative Fitch AA- Negative Ratings vs. Peer Group1 Moody's Senior Debt2 / HoldCo3 S&P Senior Debt2 / HoldCo3 Fitch Senior Debt2 / HoldCo3 Rating Rating Rating Aa1 AA+ AA+ Aa2 A

30. Slide 30: Strong Non-Common Equity Capital Ratings

    Strong Non-Common Equity Capital Ratings NVCC Tier 2 Subordinated Debt Ratings1 Moody's S&P Fitch A2 A A A3 A- A- Baa1 BBB+ BBB+ Baa2 BBB BBB Baa3 BBB- BBB- Ba1 BB+ BB+ TD Canadian Peers TD TD Canadian Peers 2 TD Canadian Peers2 TD Canadian Peers Canadian Peers2 Canadian Peers TD Additional Tier 1 N

31. Slide 31: Deposit Overview

    Deposit Overview Large base of personal and business deposits1 that make up 70% of the Bank's total funding  TD Canada Trust ranked #1 in Total Personal Non-Term Deposits2 – legendary customer service and the power of OneTD  U.S. Retail is a top 10 bank3 in the U.S. with ~10MM customers4, operatin

32. Slide 32: Low Risk, Deposit Rich Balance Sheet

    Low Risk, Deposit Rich Balance Sheet Large base of stable retail and commercial deposits  Personal and business deposits are TD's primary sources of funds – Customer service business model delivers stable base of “sticky” and franchise deposits  Wholesale funding profile reflects a balanced secure

33. Slide 33: Wholesale Term Debt Composition

    Wholesale Term Debt Composition Funding Strategy  Wholesale term funding through diversified sources across domestic and international markets  Well-established C$100B Legislative Covered Bond Program is an important pillar in global funding strategy  Programmatic issuance for the established ABS

34. Slide 34: TD Global Legislative Covered Bond Program

    TD Global Legislative Covered Bond Program Key Highlights Covered Bond Collateral  Canadian residential real estate property with no more than 4 residential units  Uninsured conventional first lien assets with original loan to value ratio that is 80% or less Housing Market Risks  Latest property

35. Slide 35: TD Global Legislative Covered Bond Program

    TD Global Legislative Covered Bond Program Cover Pool as at January 31, 2025 Highlights  High quality, conventional first lien Canadian  TD has a C$100B legislative covered bond program Residential mortgages originated by TD  Covered bond issuance for Canadian issuers governed by CMHC-administere

36. Slide 36: Bail-in Overview

    Bail-in Overview Scope of Bail-in  In Scope Liabilities. Senior unsecured long-term debt (original term to maturity of 400 or more days) that is tradable and transferable (has a CUSIP, ISIN or other similar identification) and issued on or after September 23, 20181. Unlike other jurisdictions, Cana

37. Slide 37: Limited Recourse Capital Notes (LRCN)

    Limited Recourse Capital Notes (LRCN) LRCN Overview  LRCN holders’ interests rank equally with other LRCNs and Preferred Shares and are senior to common shares. LRCNs are issued only to institutional investors with no trading restrictions within the U.S. nor, after 4 months, within Canada  LRCNs q

38. Slide 38: Non-Viability Contingent Capital (NVCC)

    Non-Viability Contingent Capital (NVCC)  Credit hierarchy is codified as a principle in regulatory and legislative documents in Canada  Point of Non-Viability trigger occurs when OSFI determines the bank is no longer viable or if the bank accepts a government capital injection  Importantly, liqui

39. Slide 39: Appendix Economic Outlook

    Appendix Economic Outlook 39

40. Slide 40: Interest Rate Outlook

    Interest Rate Outlook1 Policy Interest Rates, % Forecast 6.0  The Federal Reserve (Fed) held its target for the federal funds rate at Bank of Canada 4.25-4.50% in January. We expect 5.0 U.S. Federal Reserve two additional cuts to the target rate in 2025, with the next occurring in June. 4.0  The B

41. Slide 41: TD Economics Update

    TD Economics Update1 Global Outlook: 2025 Global Growth Weighed by Increased U.S. Protectionism  Inflation has receded substantially, but progress is uneven as the drag from falling energy prices recedes and services inflation remains elevated.  Near-target inflation and soft growth in the Euro Ar

42. Slide 42: Appendix Credit Quality

    Appendix Credit Quality 42

43. Slide 43: Gross Impaired Loan Formations

    Gross Impaired Loan Formations By Business Segment GIL Formations1: $MM and Ratios2 Highlights 22 21 22 28 25 bps  Gross impaired loan formations decreased 3 basis points quarter- over-quarter, reflected in: $2,657 $2,432 – The Business & Government $292 / lending portfolios $123 / 12 bps 30 bps $2

44. Slide 44: Gross Impaired Loans (GIL)

    Gross Impaired Loans (GIL) By Business Segment GIL: $MM and Ratios1 Highlights 52 56 bps  Gross impaired loans 41 44 increased quarter-over- 40 quarter, driven by: $5,453 ‒ The consumer and $5 / 6 bps $4,949 Business & Government $5 / 6 bps lending portfolios $421 / $4,170 41 bps ‒ The impact of fo

45. Slide 45: Credit Quality

    Credit Quality Net impaired loans and PCL ratios (bps) 100 Net impaired loans as a % of net loans and acceptances (bps) Provision for credit losses as a % of net average loans and acceptances (bps) Q1'25 50 52 50 46 48 46 45 47 38 37 34 43 41 38 37 39 24 34 34 33 20 36 32 25 Q1'25 38 -3 14 IFRS 91 2

46. Slide 46: Provision for Credit Losses – Impaired

    Provision for Credit Losses – Impaired1 By Geographic Location Canada U.S. Total Bank Impaired PCL Rate - Personal 0.30% 1.60% 0.59% 0.28% 1.48% 1.36% 0.52% 0.50% 0.49% 0.25% 0.25% 0.24% 1.29% 1.26% 0.47% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Canad

47. Slide 47: Provision for Credit Losses (PCL)

    Provision for Credit Losses (PCL) Impaired and Performing PCL1 ($MM) Highlights Q1/24 Q4/24 Q1/25  Impaired PCL increase Total Bank 1,001 1,109 1,212 quarter-over-quarter largely Impaired 934 1,153 1,216 recorded in the U.S. Cards portfolio Performing 67 (44) (4) Canadian Personal & Commercial Bank

48. Slide 48: Canadian Personal Banking

    Canadian Personal Banking Canadian Personal Banking (Q1/25)1 Highlights Gross Loans ($B) GIL ($MM) GIL/Loans (%)  Some increase in gross Residential Mortgages 270.5 322 0.12 impaired loans quarter-over- Home Equity Lines of Credit (HELOC) 124.2 189 0.15 quarter as we progress Indirect Auto 30.1 146

49. Slide 49: Canadian Real Estate Secured Lending Portfolio

    Canadian Real Estate Highlights Secured Lending Portfolio  Total Canadian real estate secured lending portfolio at $397B Maturity Schedule ($B)1 – 91% of RESL portfolio is amortizing4, of $111.9 which 72% of HELOC portfolio is Variable Rate $110.6 $29.2 amortizing Fixed Rate $45.1 $55.1 – 36% varia

50. Slide 50: Commercial Real Estate (CRE)

    Commercial Real Estate (CRE) Commercial Real Estate Portfolio Overview: Highlights $99B  Commercial Real Estate represents $99B or 10% of Total Bank gross loans1 – Portfolio is well diversified across Office Retail geographies and sub segments 10% 18% – 55% of CRE portfolio in Canada and Other 5% 4

51. Slide 51: Canadian Commercial and Wholesale Banking

    Canadian Commercial and Wholesale Banking Canadian Commercial and Wholesale Banking (Q1/25) Highlights Gross Loans GIL GIL/Loans ($B) ($MM) (%)  Gross impaired loans Commercial Banking1 129.1 1,119 0.87 increased quarter-over- Wholesale Banking 101.7 421 0.41 quarter, primarily related to a few new

52. Slide 52: U.S. Personal Banking

    U.S. Personal Banking U.S. Personal Banking (Q1/25) Highlights Gross Loans GIL GIL/Loans In USD unless otherwise specified ($B) ($MM) (%)  Continued good asset quality Residential Mortgages 42.2 391 0.93 in U.S. Personal Banking Home Equity Lines of Credit (HELOC)1 8.4 210 2.50 Indirect Auto 30.8 2

53. Slide 53: U.S. Commercial Banking

    U.S. Commercial Banking U.S. Commercial Banking (Q1/25) Highlights Gross Loans GIL GIL/Loans In USD unless otherwise specified ($B) ($MM) (%)  Gross impaired loans Commercial Real Estate (CRE) 29.2 517 1.77 increased quarter-over- Non-residential Real Estate 19.4 336 1.73 quarter, driven by a few R

54. Slide 54: Appendix Additional Information

    Appendix Additional Information 54

55. Slide 55: Q1 2025: PTPP & Operating Leverage

    Q1 2025: PTPP & Operating Leverage1,2 Modified for partners' share of SCP PCL, FX and Insurance Service Expense Q1 2025 Q4 2024 Q1 2024 TOTAL BANK SFI Reference Revenue Expenses Revenue Expenses Revenue Expenses Reported Results ($MM) 14,049 8,070 15,514 8,050 13,714 8,030 Page 2, L3 & L6 1 PTPP 5,9

56. Slide 56: Q1 2025: Items of Note

    Q1 2025: Items of Note Revenue/ ($MM) EPS ($) Segment Expense Line Item1 Pre-Tax After Tax Reported net income and EPS (diluted) 2,793 1.55 Items of note Amortization of acquired intangibles2 61 52 0.03 Corporate Page 4, L13, L29 & L44 Acquisition and integration charges related to the Cowen acquisi

57. Slide 57: Net Interest Income Sensitivity (NIIS)

    Net Interest Income Sensitivity (NIIS) Strong deposit base and disciplined ALM management 25 bps change in short-term interest rates 100 bps change in interest rates across the curve  25 bps increase: $51MM increase in NII over a 12-month  100 bps increase: $597MM increase in NII over a 12-month p

58. Slide 58: Endnotes

    Endnotes 58

59. Slide 59: Endnotes on Slides 3-5

    Endnotes on Slides 3-5 Slide 3 1. See Slide 9. 2. See Slide 29. Slide 4 1. The Bank’s ability to successfully dispose of the assets is subject to inherent risks and uncertainty and there is no guarantee that the Bank will be able to sell the assets in the timeline outlined or achieve the purchase pr

60. Slide 60: Endnotes on Slide 6

    Endnotes on Slide 6 Slide 6 1. The forward-looking information on this page represents management's estimates of future costs and certain financial impacts. These estimates are subject to the risks and assumptions described on Slide 2, and are dependent on certain key factors and assumptions, includ

61. Slide 61: Endnotes on Slides 7-8

    Endnotes on Slides 7-8 Slide 7 1. Deposits based on total of average personal and business deposits during the quarter. U.S. Retail includes Schwab Insured Deposit Accounts (IDAs). 2. Total Loans based on total of average personal and business loans during the quarter. 3. Includes assets under admin

62. Slide 62: Endnotes on Slides 9-10

    Endnotes on Slides 9-10 Slide 9 1. The Bank prepares its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS), the current generally accepted accounting principles (GAAP), and refers to results prepared in accordance with IFRS as the “reported” resu

63. Slide 63: Endnotes on Slides 11-13

    Endnotes on Slides 11-13 Slide 11 1. Based on total assets. Source: SNL Financial, Top 50 US banks and Thrifts in the U.S. 2. Investor Economics | A division of ISS Market Intelligence. "Retail Brokerage and Distribution Quarterly Update" (Fall 2024). Online brokerage rankings as of September 2024.

64. Slide 64: Endnotes on Slides 14-16

    Endnotes on Slides 14-16 Slide 14 1. Canadian Personal and Commercial: based on Canadian Personal & Small Business banking. U.S. Retail: based on U.S. Retail and Small Business banking. 2. Active digital users as a percentage of total customer base. Canadian Personal & Small Business Banking exclude

65. Slide 65: Endnotes on Slides 17-18

    Endnotes on Slides 17-18 Slide 17 1. Please refer to Slide 9, Endnote 1. 2. The Bank’s expectations regarding expense growth are based on the Bank’s assumptions regarding certain factors, including risk and control investments, employee-related expenses, foreign exchange impact, gross-up of the reta

66. Slide 66: Endnotes on Slides 19-21

    Endnotes on Slides 19-21 Slide 19 1. Please refer to Slide 9, Endnote 1. 2. Net interest margin is calculated by dividing U.S. Retail segment’s net interest income by average interest-earning assets. For the U.S. Retail segment, this calculation excludes the impact related to sweep deposits arrangem

67. Slide 67: Endnotes on Slides 22-23

    Endnotes on Slides 22-23 Slide 22 1. Please refer to Slide 9, Endnote 1. 2. Amortization of acquired intangibles relates to intangibles acquired as a result of asset acquisitions and business combinations, including the after-tax amounts for amortization of acquired intangibles relating to the share

68. Slide 68: Endnotes on Slides 24-26

    Endnotes on Slides 24-26 Slide 24 1. U.S. HELOC includes Home Equity Lines of Credit and Home Equity Loans. 2. Includes acquired credit impaired loans and loans booked in the Corporate segment. 3. Includes loans measured at fair value through other comprehensive income. Slide 25 1. PCL Ratio: Provis

69. Slide 69: Endnotes on Slides 27-30

    Endnotes on Slides 27-30 Slide 27 1. See Slide 9. 2. See Slide 29. Slide 28 1. Reflects debt outstanding as at, and converted at FX rate as at October 31st, 2024. 2. Sums may not add up precisely due to rounding. 3. These measures have been calculated in accordance with OSFI's Total Loss Absorbing C

70. Slide 70: Endnotes on Slides 31-35

    Endnotes on Slides 31-35 Slide 31 1. Business deposits exclude wholesale funding. 2. Please refer to Slide 8, Endnote 4. 3. Please refer to Slide 11, Endnote 1. 4. Please refer to Slide 7, Endnote 7. Slide 32 1. For wholesale term debt that has bullet maturities. 2. Based on first par redemption dat

71. Slide 71: Endnotes on Slides 36-41

    Endnotes on Slides 36-41 Slide 36 1. Any non-NVCC preferred shares and non-NVCC subordinated debt issued after September 23, 2018 would also be in scope. 2. In determining the multiplier, CDIC must take into consideration the requirement in the Bank Act for banks to maintain adequate capital and tha

72. Slide 72: Endnotes on Slides 43-47

    Endnotes on Slides 43-47 Slide 43 1. Gross Impaired Loan formations represent additions to Impaired Loans & Acceptances during the quarter; excludes the impact of acquired credit- impaired loans. 2. GIL Formations Ratio: Gross Impaired Loan Formations/Average Gross Loans & Acceptances. Slide 44 1. G

73. Slide 73: Endnotes on Slide 48

    Endnotes on Slide 48 Slide 48 1. Excludes Wealth Management & Insurance segment and Wholesale mortgage portfolio. 2. Excludes revolving HELOC, Wholesale mortgage portfolio. 3. RESL Portfolio Current Loan to Value is calculated with the Teranet-National Bank House Price Index and weighted by the tota

74. Slide 74: Endnotes on Slides 49-52

    Endnotes on Slides 49-52 Slide 49 1. Please refer to Slide 48, Endnote 2 2. Please refer to Slide 48, Endnote 3. 3. The territories are included as follows: Yukon is included in British Columbia; Nunavut is included in Ontario; and Northwest Territories is included in the Prairies region. 4. Amortiz

75. Slide 75: Endnotes on Slides 53-57

    Endnotes on Slides 53-57 Slide 53 1. Please refer to Slide 51, Endnote 2. 2. Please refer to Slide 51, Endnote 3. 3. Other includes: Agriculture; Power and utilities; Telecommunications, Cable and media; Transportation; Forestry; Metals and mining; Oil and gas; Other. Slide 55 1. Please refer to Sli

76. Slide 76: Investor Relations Contacts

    Investor Relations Contacts Phone: (416) 308-9030 or 1 (866) 486-4826 Email: tdir@td.com Website: www.td.com/investor 76

TD Bank Group — Q1 2025 Earnings Presentation on 6ix