LAURENTIAN BANK

INVESTOR PRESENTATION

Franois Desjardins President & CEO

Franois Laurin CFO

Laurentian Bank Securities Conference April 6, 2017

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Caution Regarding Forward-Looking Statements
In this document and in other documents filed with Canadian regulatory authorities or in other communications, Laurentian Bank of Canada (the Bank) may from time to
time make written or oral forward-looking statements within the meaning of applicable securities legislation. Forward-looking statements include, but are not limited to,
statements regarding the Bank's business plan and financial objectives. The forward-looking statements contained in this document are used to assist readers in obtaining
a better understanding of the Bank's financial position and the results of operations as at and for the periods ended on the dates presented and may not be appropriate for
other purposes. Forward-looking statements typically use the conditional, as well as words such as prospect, believe, estimate, forecast, project, expect, anticipate, plan,
may, should, could and would, or the negative of these terms, variations thereof or similar terminology.

By their very nature, forward-looking statements are based on assumptions and involve inherent risks and uncertainties, both general and specific in nature. It is therefore
possible that the forecasts, projections and other forward-looking statements will not be achieved or will prove to be inaccurate. Although the Bank believes that the
expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct.

The Bank cautions readers against placing undue reliance on forward-looking statements when making decisions, as the actual results could differ considerably from the
opinions, plans, objectives, expectations, forecasts, estimates and intentions expressed in such forward-looking statements due to various material factors. Among other
things, these factors include: changes in capital market conditions, changes in government monetary, fiscal and economic policies, changes in interest rates, inflation
levels and general economic conditions, legislative and regulatory developments, changes in competition, modifications to credit ratings, scarcity of human resources, as
well as developments in the technological environment. Furthermore, these factors include the ability to execute the Bank's transformation plan and in particular the
successful reorganization of retail branches, the modernization of the core banking system and adoption of the Advanced Internal Ratings-Based approach to credit risk
(the AIRB approach).

With respect to the anticipated benefits from the acquisition of the Canadian equipment financing and corporate financing activities of CIT Group Inc. ("CIT Canada") and
statements with regards to this transaction being accretive to earnings, such factors also include, but are not limited to: the ability to realize synergies in the anticipated
time frame, the ability to promptly and effectively integrate the businesses, reputational risks and the reaction of the Bank's and CIT Canada's customers to the
transaction, and diversion of management time on acquisition-related issues.

The Bank further cautions that the foregoing list of factors is not exhaustive. For more information on the risks, uncertainties and assumptions that would cause the Bank's
actual results to differ from current expectations, please also refer to the Risk Appetite and Risk Management Framework on page 37 of the Bank's Management's
Discussion and Analysis as contained in the Bank's 2016 Annual Report, as well as to other public filings available at www.sedar.com.

The Bank does not undertake to update any forward-looking statements, whether oral or written, made by itself or on its behalf, except to the extent required by securities
regulations.

NON-GAAP FINANCIAL MEASURES

The Bank uses both GAAP and certain non-GAAP measures to assess performance. Non-GAAP measures do not have any standardized meaning prescribed by GAAP
and are unlikely to be comparable to any similar measures presented by other companies. These non-GAAP financial measures are considered useful to investors and
analysts in obtaining a better understanding of the Banks financial results and analyzing its growth and profit potential more effectively.

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LAURENTIAN BANK
AT A GLANCE

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Who We Are
LAURENTIAN BANK
Business Services
Commercial business banking
and equipment financing
Real Estate financing
Retail Services
Comprehensive line of financial
services for retail customers
B2B BANK
Products & services designed
to enable independent brokers
and advisors to build their
clients wealth
LAURENTIAN BANK SECURITIES
Capital markets
Integrated full-service
investment dealer
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Positioned for Success

We seek to generate consistent

and sustainable earnings
growth.
We look to reward our
shareholders with regular 0.36
dividend increases.
Our shares provide investors
with an attractive dividend yield.
Our status as a safe harbour
rests on our history of good
credit quality.

1 Comparative figures prior to 2011 in accordance with previous Canadian GAAP.

2 Comparative figures prior to 2013 were not restated to reflect the adoption of amended IFRS accounting standard on employee benefits. 5
We Are On A Mission

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STRATEGIC
HIGHLIGHTS

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Our 2022 Strategic Objectives

* Compared with October 31, 2015. 8

10 Critical Path Elements Drive Our Transformation Plan

Optimize and simplify Focus LBS & Capital Markets

1 6
Retail Service offerings on profitable businesses

2 Rebuild a proper account 7 Develop new brand elements

management platform

3 Create proper distribution 8 Reduce size and scope

of corporate functions

4 Increase Business Services 9 Build a culture based on performance

in Bank mix

5 Ensure growth through 10 Replicate successes across Canada

independent advisors

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2016 Transformation Plan Achievements
Adjusted ROE
Laurentian Bank vs Major Canadian Banks

18.0% 17.6%
16.5%
15.4%

12.1% 11.9% 12.0% 12.0%

2013 2014 2015 2016

Adjusted ROE gap target
LBC Average of Major Canadian Banks

(1)

Adjusted Adjusted Adjusted Operating

Efficiency Ratio Diluted EPS Leverage

69.6% $5.70 2.5%

< 68% by 2019 Grow by 5% to Positive
10% annually

(1) Advanced internal ratings-based (AIRB) approach. Based on the Banks assessment of current regulatory requirements. 10
2016 Transformation Plan Achievements
Loans to Business Customers
Grow by more than 60% to $13B by 2019 2019
$13.0B

2015 2016**
**
$8.0B $10.0B

Residential Mortgage Loans Through Independent Brokers and Advisors

Grow by more than 50% to $9B by 2019
2019
$9.0B

2015 2016
$5.7B $7.0B

Mutual Funds to Retail Clients

Grow by more than 80% to $6B by 2019
2019
$6.0B

2015 2016
$3.3B $3.4B

Assets Under Management at Laurentian Bank Securities

Grow by more than 25% to $4B by 2019
2019
$4.0B

2015 2016
$3.1B $3.5B
* Compared with October 31, 2015.
** CIT Canada net commercial loan portfolio of $0.9B. 11
Path Towards Digital Banking

Core
banking
Mobile Paperless
system
foundation

Core banking
Traditional Digital
Banking
system
banking
implemented

Simplified
retail and
AIRB
focus on
advice

2016 2017 2018 2019 2020

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2017 Transformation Plan Priorities

Our Priorities for 2017

Optimize Retail banking activities by merging branches, simplifying the

product line, and increasing the size and effectiveness of our teams of
advisors
Complete the integration of CIT Canada into LBC Capital
Revamp product offering directed at independent brokers and advisors
Continue improving efficiency by reducing expenses

Continue targeted market approach fueling strong and profitable growth

Focus on financial advice and distribution of mutual funds in Retail Services
Continue profitable growth and increase assets under management at LBS

Continue executing the development of:

The core banking platform
A more robust credit framework by continuing to work towards
migration to the AIRB approach
Collaborative spaces for new corporate premises in Montreal

* Compared with October 31, 2015. 13

FINANCIAL
HIGHLIGHTS

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Growth in Adjusted Net Income, Loans and Deposits

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Improving Revenues and Adjusted Efficiency Ratio

Total Revenue Adjusted Efficiency Ratio

($ millions)
915.5
874.1 897.1
865.3
796.6
322.0 325.8
296.6 313.1
265.6 73.1% 72.8%
71.0% 71.3%
69.6%

531.0 568.8 561.0 575.1 589.6

2012 2013 2014 2015 2016

2012 2013 2014 2015 2016

Net Interest Income Other Income

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Solid Capital - Regular Dividend Increases

Common Equity Tier 1 Capital Ratio (CET1)

8.2%
7.9% 7.9% 8.0%
7.7%

Q1/16 Q2/16 Q3/16 Q4/16 Q1/17

Dividends Declared Per Common Share and Adjusted Dividend Payout Ratio
($/share and as a %)
Target Payout Ratio
40% to 50% $0.61
$0.60 $0.60
$0.58 $0.58
$0.56 $0.56
$0.54 $0.54
$0.52 $0.52
$0.51 $0.51
42.5% 43.6% 43.8% 42.6%
39.6% 39.6% 41.1% 39.2% 38.9% 39.7%
38.6% 37.3% 37.8%

Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17
Dividend Declared Adjusted Dividend Payout Ratio

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Investor Relations Contact

Susan Cohen
susan.cohen@banquelaurentienne.ca

514 284-4500 ext. 4926

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