Investor Presentation February 2024

Canadian Personal & Commercial Banking Strength and Value Drivers • • . High-performing team focused on providing a personalized banking experience that helps our customers make real financial progress Top-tier commercial banking business, #2 market share for business loans¹, and leading cash management, treasury and payment capabilities Award-winning retail banking business with top-tier digital sales and digital money management tools Consistently strong credit risk management Net Income Q1'24 Financial Highlights Reported Adjusted² $921MM $925MM Net Income Y/Y Growth Revenue Y/Y Growth (3.2)% (2.8)% 8.6% 8.6% PPPT3 Y/Y Growth 7.9% 8.3% ROE Efficiency Ratio 22.8% 23.0% 43.6% 43.4% Operating Leverage (1.0)% (0.5)% Average Gross Loans & Acceptances $317B $289B 2024 Strategic Priorities • Build on our strong franchise to drive growth and customer loyalty by continuing to invest in differentiating capabilities and delivering enhanced One Client experiences In Personal and Business Banking, continue to drive customer acquisition, increase share of wallet, enhance digital engagement and in-person guidance conversations, and help customers make real financial progress In Commercial Banking, maintain focus on key sectors and geographies, and drive deeper relationships with clients through innovative capabilities and products, including climate transition and Digital First solutions Drive efficiencies by simplifying and streamlining operations, and investing in digital capabilities Average Deposits Net Income ($MM) and NIM (%) 2.68 2.69 2.74 2.77 2.74 951 881 922 921 819 • Foster a winning culture, focused on alignment, empowerment and recognition, with a commitment to a diverse and inclusive workplace Q1'23 Q2'23 Q3'23 Reported Net Income Q4'23 Q1'24 NIM Prior period amounts have been reclassified to conform with the current period presentation 1 Ranked #2 in market share based on business loans $0-$25MM and $0-$100MM. Source: Canadian Bankers Association as at June 2023 2 Adjusted results and measures are non-GAAP, see slide 56 for more information and slide 58 for adjustments to reported results 3 Reported and adjusted Pre-Provision Pre-Tax earnings (PPPT) is a non-GAAP measure. See slide 56 for more information and slide 59 for calculation of PPPT See slide 60 for more information on the reported and adjusted results of our operating groups BMOM Investor Presentation ⚫ February 2024 20

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