Investor Presentaiton

Q3 2019 FINANCIAL PERFORMANCE Strong revenue and balance sheet growth $MM, except EPS Q3/19 Y/Y Q/Q Reported Net Income $1,984 +2% (12%) • Diluted EPS $1.50 (3%) (13%) · Revenue $7,659 +7% (2%) YEAR-OVER-YEAR HIGHLIGHTS Adjusted Net Income up 9%² Diluted EPS up 7%² Expenses $4,209 +12% +4% . Revenue up 11%² Productivity Ratio 55.0% +250bps +320bps Core Banking Margin 2.45% (1bp) PCL Ratio1 48bps (21bps) (13bps) PCL Ratio on Impaired Loans1 52bps +11bps +3bps Adjusted² Net Income $2,455 +9% +8% Diluted EPS $1.88 +7% +11% Revenue $7,965 +11% +4% Expenses $4,122 +11% +3% Productivity Ratio 51.7% (10bps) (60bps) • PCL Ratio¹ 48bps +8bps (3bps) 。 Excluding acquisitions and IFRS15, revenue was up 5% 。 Net interest income up 7% 。 Non-interest income up 16% Expenses up 11% 2 。 Mostly driven by acquisitions o Excluding acquisitions and the impact of IFRS15, expenses were up 4% Total PCL ratio increased by 8 bps o Impaired PCL ratio was up 11 bps DIVIDENDS PER COMMON SHARE 0.03 0.02 0.03 0.85 0.85 0.87 0.87 0.82 Q3/18 Q4/18 ■ Announced Dividend Increase Q1/19 Q2/19 Q3/19 1 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 2 Adjusted for Acquisition and divestiture-related amounts, including Day1 PCL impact on performing loans, integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions and losses/(gains) on divestitures and related costs Scotiabank. | 6

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