Investor Day Summary

GLOBAL BANKING AND MARKETS Good net interest income growth and improvement in credit quality FINANCIAL PERFORMANCE AND METRICS 1 ($MM) Q2/18 Y/Y Q/Q Revenue $1,155 (4%) (3%) Expenses $565 +13% (1%) PCLS ($11) N/A N/A Net Income $447 (14%) (2%) Productivity Ratio 48.9% +720bps +80bps • Net Interest Margin 1.80% +5bps (23bps) PCL Ratio 2, 3 (0.05%) (6bps) (1bp) PCL Ratio • 0.02% on Impaired Loans 2, 3 +1bp +3bps YEAR-OVER-YEAR HIGHLIGHTS Net Income down 14% o Lower income from global equities (higher client driven equity trading last year), lower fixed income and investment banking results and higher expenses o Higher foreign exchange and corporate banking results and lower PCLS PCL ratio 2, 3 improved by 6 bps o Improved credit quality Expenses up 13% o Higher regulatory costs and technology investments NET INCOME AND TRADING INCOME4 ($MM) 455 411 382 372 517 454 216 447 441 391 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 1 Attributable to equity holders of the Bank 2 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 3 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 4 Trading income on an all-bank basis and TEB Scotiabank |27

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