1 B ANK ANK F FINANCIAL INANCIAL G GROUP ROUP T O P I C S Three growth strategies Financial highlights Shareholder value
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BBANKANK F FINANCIALINANCIAL G GROUPROUP
T O P I C S
Three growth strategies
Financial highlights
Shareholder value
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SHAREHOLDER VALUE
FASTER EPS GROWTH
$2.51
$2.95
$3.54 $3.62
1995 1996 1997 1998
TD up 2%
5 bank peergroup down 5%
TD up 2%
5 bank peergroup down 5%
CAGR=13%CAGR=13%
3
20%
3%
5 Bank peer
Total shareholder returnsJan. 31, 98 to Jan. 31, 99
SUPERIOR RETURNS
Grow wealthmanagement
Reposition retailbanking network
Focus corporateand investment
bankingbusinesses
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3
THREE GROWTH STRATEGIES
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Grow wealthmanagement
Reposition retailbanking network
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THREE GROWTH STRATEGIES
Focus corporateand investment
bankingbusinesses
• Expand global discount brokerage franchise
GROW WEALTH MANAGEMENT
StrategyStrategy
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CORPORATE STRUCTURE
TD BankTD Bank
WaterhouseInvestor ServicesWaterhouse
Investor ServicesGreen Line
CanadaGreen Line
CanadaGreen LineAustralia
Green LineAustralia
Green LineUnited KingdomGreen Line
United Kingdom
TD WaterhouseSecurities
TD WaterhouseSecurities
Green LineHong KongGreen LineHong Kong
90%
100%
PublicOwnership10%
Grow wealthmanagement
Reposition retailbanking network
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3
THREE GROWTH STRATEGIES
Focus corporateand investment
bankingbusinesses
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REPOSITION RETAIL BANKING
• Focus on high-value customers
• Build sales-oriented culture
• Act as agent for our customers
• Develop innovative points of contact
• Expand lower cost electronic channels
StrategyStrategy
INNOVATIVE POINTS OF CONTACT
Growing from 29 to 50 in 1999Growing from 29 to 50 in 1999
In-store bankingIn-store banking
WalWal-Mart, -Mart, SobeysSobeys, Maxi & Co., Maxi & Co.
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EXPANDINGELECTRONIC CHANNELS
Q1 95 Q4 98
77 MillionTransactions
ElectronicElectronic
CounterCounter
50%
50%
116 MillionTransactions
73%
27%
19961996 19971997 19981998ROEROE
Retail banking 16% 23% 20%
Wealth management * 42% 47% 34%
Total retail segment * 18% 26% 24%
HIGH GROWTH - HIGH ROE
* Cash basis
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Grow wealthmanagement
Reposition retailbanking network
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3
THREE GROWTH STRATEGIES
Focus corporateand investment
banking
TD Securities – bestsecurities firm in Canada
NICHE LEADERSHIP
#1 in quality ofresearch analysts
“Loan House of the Year”U.S. media andtelecommunications
A few recent accomplishmentsA few recent accomplishments
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19961996 19971997 19981998ROEROE
Corporate banking 14% 13% 14%
Investment banking 15% 36% 22%
Total wholesale segment 14% 17% 16%
FOCUSING TO IMPROVE RESULTS
FINANCIAL HIGHLIGHTS
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STRONG REVENUE GROWTH
1995 1996 1997 1998
154
138
5 bank peer100
Total Revenue
Adjusted for one-time items
BUILDING NEWREVENUE STREAMS
1995 1996 1997 1998 Q1/99
Ahead of our peersAhead of our peers
Other IncomeOther Income
InterestInterest
Contribution to total revenue
63%
37%
47%
53%
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4
16 1620 22
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NA BNS CM BMO RYAs at March 26, 1999
$ Billions
MARKET CAPITALIZATION
Second largest
THE FUTURE
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FOCUSING – FOR HIGHER RETURNS
48%Retail
52%Wholesale
60%Retail
40%Wholesale
1998 The future
% Capital deployed
HIGHLIGHTS
Well positioned in wealthmanagement, discount brokeragebusiness
Successful repositioning of retailnetwork
Leveraging strengths inwholesale banking
THE GROWTH LEADER
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BBANKANK F FINANCIALINANCIAL G GROUPROUP