Medium-Term Financial Objectives

Global Banking and Markets Second-largest Canadian wholesale banking and capital markets business ⚫ Full-service wholesale bank in Canada, the United States and Latin America. Offers a range of products and services in select markets in Europe, Asia and Australia. Asia Europe 8% 5% Canada GEOGRAPHIC REVENUE 1 $1.1B US 41% 45% Global Equities 17% Business Banking REVENUE BY BUSINESS LINE1 FICC 28% $1.1B Equities 32% Other 55% 20% TRADING RELATED REVENUE (TEB) 1,2 $549MM 27% 9% Commodities 12% Foreign Exchange Interest Rate & Credit STRATEGIC OUTLOOK Up-tiering lending relationships, expanding Investment Banking capabilities in key markets, and increasing investment in the Pacific Alliance to become a leader in local and cross-border banking and capital markets • Continued strong growth in deposits, improved corporate lending and investment banking results to absorb required regulatory and technology investments 1 For the 3 months ended July 31, 2019; 2 All-Bank trading-related revenue Scotiabank. 27

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