Proven Business Model

Deliver consistent earnings growth, underpinned by a strong risk culture.

We have diversification, scale, and a unique footprint

$14.3 billion

2021 Reported Earnings

$14.6 billion

2021 Adjusted Earnings1

2,209

Retail locations in North America

15

TD Securities offices worldwide

Illustrative maps of TD locations across North America and globally

Safest Bank in North America
according to Global Finance3

TD’S PREMIUM RETAIL EARNINGS MIX2

green bar represents Canadian Retail Canadian Retail
dark green bar represents Reported U.S. Retail
gray green bar represents Reported Wholesale

90% Retail
10% Wholesale

TD’S PREMIUM RETAIL EARNINGS MIXCanadian Retail: 56%, U.S. Retail: 33%, Wholesale: 10%56%10%33%

We have a strong balance sheet

$1.7 trillion

Assets

15.2%

CET1 Ratio4

$1.1 trillion

Deposits

126%

Liquidity Coverage Ratio4

3.02%

Return on Risk-Weighted Assets5
(Financial information as at October 31, 2021)

We have a deep commitment to sustaining the trust of those we serve

Three core principles of our Risk Appetite

We take risks required to build our business, but only if those risks:

  1. Fit our business strategy and can be understood and managed
  2. Do not expose the enterprise to any significant single loss events; we don’t “bet the bank” on any single acquisition, business or product
  3. Do not risk harming the TD brand

1 Adjusted results are non-GAAP financial measures. Refer to “Non-GAAP and Other Financial Measures” in the “Financial Results Overview” section in the 2021 Management’s Discussion & Analysis (MD&A).
2 Reported basis excluding Corporate segment. Numbers may not add due to rounding.
3 Global Finance’s 30th annual ranking of the World’s Safest Banks published on September 15, 2021.
4 These measures have been calculated in accordance with OSFI’s Capital Adequacy Requirements and Liquidity Adequacy Requirements guidelines.
5 For additional information about this metric, refer to the Glossary in the 2021 MD&A.

2021 Snapshot

Performance indicators focus effort, communicate our priorities, and benchmark our results against key elements of our proven business model. Results in 2021 were affected by the COVID-19 pandemic.

Performance Indicators6    2021 Results6, 8 (on an adjusted basis)
  • Deliver above-peer-average Total Shareholder Return
  • Grow medium-term adjusted EPS by 7% to 10%
  • Grow revenue7 faster than expenses
  • 58.9% vs. Canadian peer average of 57.7%
  • 47.6% EPS growth
  • Revenue growth of 1.6% vs. expense growth of 7.4%

NET INCOME
available to common shareholders
(millions of Canadian dollars)

light green bar represents Reported Reported green bar represents Adjusted Adjusted8
NET INCOME Net Income available to common shareholders (millions of Canadian dollars) 2017 Reported: 10,324, Adjusted: 10,394; 2018 Reported: 11,120, Adjusted: 11,969; 2019 Reported: 11,434, Adjusted: 12,251; 2020 Reported: 11,628, Adjusted: 9,701; 2021 Reported: 14,049, Adjusted: 14,400 image/svg+xml 0 3000 6000 9000 12000 15000 2017 2018 2019 2020 2021 0 $15,000 12,000 9,000 6,000 3,000

TD’s 5-year CAGR

9.8% Reported
9.8% Adjusted8

DILUTED EARNINGS PER SHARE (EPS)
(Canadian dollars)
 

light green bar represents Reported Reported green bar represents Adjusted Adjusted8
DILUTED EARNINGS PER SHARE (EPS) Diluted Earnings Per Share (Canadian dollars) 2017 Reported: 5.50, Adjusted: 5.54; 2018 Reported: 6.01, Adjusted: 6.47; 2019 Reported: 6.25, Adjusted: 6.69; 2020 Reported: 6.43, Adjusted: 5.36; 2021 Reported: 7.72, Adjusted: 7.91 image/svg+xml 0 1 2 3 4 5 6 7 8 2017 2018 2019 2020 2021 $8 7 6 5 4 3 2 1 0

TD’s 5-year CAGR

10.6% Reported
10.2% Adjusted8

RETURN ON COMMON EQUITY9
(percent)
 

light green bar represents Reported Reported green bar represents Adjusted Adjusted8
RETURN ON COMMON EQUITY Return on Common Equity (percent) 2017 Reported: 14.9, Adjusted: 15.0; 2018 Reported: 15.7, Adjusted: 16.9; 2019 Reported: 14.5, Adjusted: 15.6; 2020 Reported: 13.6, Adjusted: 11.4; 2021 Reported: 15.5, Adjusted: 15.9 image/svg+xml 10 11 12 13 14 15 16 17 17% 12 11 15 14 13 16 10 2017 2018 2019 2020 2021

TD’s 2021 ROE

15.5% Reported
15.9% Adjusted8

DIVIDEND HISTORY

DIVIDEND HISTORY Dividend History (Canadian dollars) 1996: 0.25, 1997: 0.28, 1998: 0.33, 1999: 0.36, 2000: 0.46, 2001: 0.55, 2002: 0.56, 2003: 0.58, 2004: 0.68, 2005: 0.79, 2006: 0.89, 2007: 1.06, 2008: 1.18, 2009: 1.22, 2010: 1.22, 2011: 1.31, 2012: 1.45, 2013: 1.62, 2014: 1.84, 2015: 2.00, 2016: 2.16, 2017: 2.35, 2018: 2.61, 2019: 2.89, 2020: 3.11, 2021: 3.16 0.00.51.01.52.02.53.03.51.501.000.50$ 3.502.503.002.000.00$0.2511% Dividend Growth25-year CAGR10$3.16200119962006201120162021

165-year

Continuous Dividend History

3.9%

2021 Dividend Yield9

12.4%

Total Shareholder Return9
(5-year CAGR11)

6 Performance indicators that include an earnings component are based on TD’s full-year adjusted results (except as noted).
7 Revenue is net of insurance claims and related expenses.
8 Adjusted results are non-GAAP financial measures. Refer to “Non-GAAP and Other Financial Measures” in the “Financial Results Overview” section in the 2021 MD&A.
9 For additional information about this metric, refer to the Glossary in the 2021 MD&A.
10 25-year CAGR is the compound annual growth rate calculated from 1996 to 2021.
11 5-year CAGR is the compound annual growth rate calculated from 2016 to 2021.

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