Canadian Imperial Bank Of Commerce · TSX:CM
Canadian Imperial Bank Of Commerce — Canadian Imperial Bank of Commerce /Can/ — Investor Presentation (January 2008)
12 slides from Canadian Imperial Bank Of Commerce's investor presentation, Jan 15, 2008
Slide 1: CIBC Investor Presentation
CIBC Investor Presentation January 14, 2008
Slide 2: A Note About Forward Looking Statements
A Note About Forward Looking Statements Sis ms ees eee eerie os
Slide 3: Certain Legal Matters
Certain Legal Matters
Slide 4: Overview of Offering
Overview of Offering Ieswer ‘Canadian Imperial Bk of Commerce offering Common shares ‘Syncate led by CIBC Word Markets inc. a sole beokrunne Underwriters ‘2nd oinby led by UBS Secutows Conade Ine ‘9.25 bition as pat of total asance of approximately $2.75 eave Amount bon (combining Privete Pacerent e
Slide 5: Q1 2008 Write-downs
Q1 2008 Write-downs() = Write-down of unhedged U.S. residential real estate exposurest® » US$462 milion pre-tax, US$310 million, after-tax. » Lowers remaining net unhedged exposure to US$307 million » Mitigated by subprime index hedges with an estimated remaining hedge value of US$155 million = Fair
Slide 6: Key Objectives of Offering
Key Objectives of Offering * (Satsiisuawrawansonte sn)
Slide 7: Strong Core Businesses
Strong Core Businesses Large, Canscianfocused nancial 1 Lending Canadian Reta Bank atti wh 80-year track record 9 #1 in cre cards outstanding (18% of markt) > Marta capeatention $23.9 ton > a2 in mortgages (4% of mart) > Total assets $3422 bilion > Netincome $3.3bilon 9 #3 in in cepowta/GICs (9% of
Slide 8: Subprime Exposure-Unhedged
Subprime Exposure-Unhedged = Additional USS462 millon write-down of remaining unhedged exposure results in _ssets being written down by an average 81% of notional balance coo saree os 189/ mara anaes
Slide 9: Subprime Exposure-Hedged
Subprime Exposure-Hedged = Total financial guarantor exposure reduced from appravimstely USS7.8 bilion to US$5.3 bllon by USS2.0 Billion write-down = Remaining financial uarantor counterparty exposure is USE2.7 billion (058 mons) ‘hangin vat Wem ec 31/07 ‘notional pec i707 0038/07 ate at (CMONTOOY ~
Slide 10: Strong Capital Position
Strong Capital Position Tier 1 Sensitivity to Hypothetical Future Write-Downs jer 1 Ratio Estimate(®)—12/31/07 RIPng Ter Rati Estimate with Hypotetia! Aton tone Vite downs Cuctorng $24 captatrases “Sito press $20blion pretax $40iionpresae {$ billion) write-down) {81.3 billion after-tax) {82,7 billio
Slide 11: Remedial/Strategic Actions Mitigating existing exposures
Remedial/Strategic Actions 1 Mitigating existing exposures » Halted structured credit in debt business » Put hedges on » Changed debt capital markets leadership ™ Aligning business activities with CIBC's strategic imperative of consistent and sustainable performance » Sale of U.S. domestic investmen
Slide 12: Remedial/Strategic Actions
Remedial/Strategic Actions Senior management changes » Tom Woods, Chief Risk Officer » David Williamson, Chief Financial Officer » Richard Nesbitt, CEO World Markets New Director nominations » Nick Lepan/Robert Steacy Equity offering to strengthen capital position for contingent risk
Canadian Imperial Bank of Commerce /Can/ — Investor Presentation (January 2008) on 6ix