Investor Presentaiton

CANADIAN BANKING Margin expansion, strong deposit growth, and expense management; Strong Wealth results. FINANCIAL PERFORMANCE AND METRICS ($MM)¹ Y/Y Q/Q YEAR-OVER-YEAR HIGHLIGHTS Q3/19 Reported Net Income $1,160 +3% +11% Revenue $3,532 +5% +5% Productivity Ratio Net Interest Margin PCL Ratio² PCL Ratio on Impaired Loans² Adjusted³ Expenses PCLS $240 48.8% 2.49% $1,723 +4% +1% +33% (5%) (40bps) (180bps) 0.27% 0.29% +3bps +3bps +6bps (3bps) +8bps +1bp $1,174 +3% +4% +11% +1% • Net Income Expenses $1,705 Productivity Ratio 48.3% (50bps) (170bps) ADJUSTED NET INCOME ¹³ ($MM) AND NIM (%) 2.46% 2.45% 1,3 2.44% 2.46% 2.49% • • 1,141 1,146 1,089 1,062 1,174 • Q3/18 Q4/18 1 Attributable to equity holders of the Bank Q1/19 Q2/19 2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures Q3/19 Adjusted Net Income up 3%³ 。 Lower real estate gains reduced net income by 2% 。 Margin expansion o Higher PCLS 。 Wealth Management results up 20% Revenue up 5% 。 Net interest income up 5% 。 Excluding M&A and IFRS 15, revenue was up 3% Loan growth of 4% o Residential mortgages up 3%; credit cards up 7% o Business loans up 10% Deposit growth of 10% o Personal up 7%; Non-Personal up 17% NIM up 3 bps o Primarily driven by the impact of prior rate increases Expenses up 4%³ 。 Investments in technology and regulatory initiatives 。 Excluding M&A and IFRS15, expenses were up 1% Quarterly operating leverage of +1.1%³ PCL ratio² up 6 bps to 27 bps 3 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions Scotiabank. | 8

View entire presentation