Scotiabank ESG and Financial Performance Update
Global Wealth Management
3rd Largest Wealth Management Business in Canada¹
Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's
footprint. Global Wealth Management serves over 2.5 million investment fund and advisory clients across 13 countries - administering over
$600 billion in assets.
14% Q2/23
Revenue
Mix
$1.3Bn
86%
BUSINESS MIX
10%
Q2/23
AUM²
22%
Q2/23
AUA²
$330Bn
$624Bn
78%
90%
•
STRATEGIC FOCUS
Canada: Maintain momentum leveraging our unique operating
model and market leading capabilities
International: Follow Scotia's footprint, building out Advisory and
Asset Management businesses in PAC markets
International
Canada
REPORTED NET INCOME ³ ($MM) AND ROE 4 (%)
FINANCIAL RESULTS ($MM)
17.5%
$MM, except AUM/AUA
Reported
Q2/23
Y/Y
Q/Q
15.5%
14.8%
15.5%
14.8%
Net Income³
$353
(13%)
(8%)
Pre-Tax, Pre-Provision Profit5
$482
(13%)
(8%)
Revenue
$1,300
(4%)
(2%)
407
376
361
385
353
Expenses
$818
2%
2%
PCLs
$2
nmf
nmf
Productivity Ratio²
63.0%
390 bps
240 bps
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
AUM ($Bn)²
$330
1%
2%
MEDIUM-TERM FINANCIAL OBJECTIVES
AUA ($Bn)²
$624
5%
3%
Adjusted4
Net Income Growth 2,3
Productivity Ratio²
Operating Leverage²
8%+
<65%
Positive
Net Income³
$359
(13%)
(8%)
Pre-Tax, Pre-Provision Profit 5
$491
(13%)
(8%)
Expenses
Productivity Ratio
$809
2%
2%
62.3%
380 bps
240 bps
1 Based on Total Net Income for publicly traded banks in Canada for the 3 months ended January 31, 2023; 2 Refer to page 54 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023
Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3 Attributable to equity holders of the
bank; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com; 5 Pre-Tax, Pre-
Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 83
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