Investor Presentation February 2024

BMO Capital Markets Performance Reported Revenue (teb¹, $MM) 1,699 1,651 1,579 1,589 1,463 606 647 706 637 600 Reported Revenue (teb¹) by Geography² - LTM Q1'24 1,093 932 863 945 952 U.S. Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 ■Global Markets Investment and Corporate Banking Reported Revenue (teb¹) by Product³ - LTM Q1'24 Merchant Banking Corporate Banking 45% 55% Canada & Other Reported Revenue (teb¹) by Sector4 - LTM Q1'24 Power, Utilities & Infrastructure Real Estate Diversified Industries Fixed Income, Currency & Commodities Industrials Healthcare Government Energy Technology, Business Services & Media Investment Banking Global Equity & Financing Solutions Prior period amounts have been reclassified to conform with the current period presentation Global Mining Food, Consumer & Retail Financial Institutions 1 Operating group revenue is stated on a taxable equivalent basis (teb). This teb adjustment (Q1'24 $19MM, Q4'23 $86MM, Q3'23 $81MM, Q2'23 $84MM, Q1'23 $70MM) is offset in Corporate Services 2 BMO CM U.S. Revenue as a % of Total 3 Excludes 'Other' 4 Excludes non-client revenues and investor-only clients. LTM revenue as at December 31, 2023 (latest available data) BMO M Investor Presentation ⚫ February 2024 27

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