Fourth Quarter 2018 Investor Presentation

International Banking Leading diversified personal and commercial franchise in high quality growth markets • International Banking operates primarily in Latin America, the Caribbean and Central America with a full range of personal and commercial financial services, as well as wealth products and solutions C&CA Asia 6% 24% REVENUE1 $3.1B 70% Business 51% Loans MEDIUM-TERM FINANCIAL OBJECTIVES LOAN MIX1 6% $144B Target 2018 Actual 2,3 Credit Cards Latin America Net Income Growth4 9%+ 16% 16% Personal 27% 26% Mexico 23% Peru Loans Productivity Ratio5 <51% 52.4% 2% Residential Mortgages Brazil Latin America Operating Leverage Positive +3.1% 5% Uruguay 18% Colombia 26% Chile STRATEGIC OUTLOOK Integration of acquisitions in Chile and Colombia. Close announced acquisitions in Peru and Dominican Republic. • Closing of dispositions of non-core operations in smaller Caribbean markets. • Margins (NIM ~450 bps) and credit quality are expected to remain stable with the level in Q4/18. • Maintain positive operating leverage 1 For the 3 months ended October 31, 2018; 2 As at October 31, 2018; 3 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions and the Day 1 PCL impact on acquired performing loans in Q3/18; 4 Attributable to equity holders of the Bank. 5 3-5 year target. Scotiabank® 23

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