Investor Presentaiton
Scotiabank
Solid Core Growth Offset by
Capital Markets Volatility
net income available to common shareholders, $ millions
Q1/07 Q4/07 Q1/08
434
361
367
353
316
294
282
226
187
Domestic
Year over year
International
Scotia Capital
Domestic: Strong asset & deposit growth, partly offset by margin compression
International: Strong organic volume growth & acquisitions more than offset by impact of
foreign currency translation & higher taxes
Scotia Capital: Lower trading revenues & interest recoveries, partly offset by asset growth &
lower performance related compensation
Scotiabank
39
Impact of Forex Translation
Q1/08 vs. Q1/07
Impact ($MM) Domestic
International
Scotia Capital
Other
Total
Revenues
(17)
(145)
(14)
(10)
(186)
Non-interest
1
72
18
91
Expenses
Net income
(11)
(39)
4
(10)
(56)
Q1/08 vs. Q4/07
Impact ($MM)
Domestic
International
Scotia Capital
Other
Total
Revenues
(3)
(16)
(2)
(21)
Non-interest
7
3
10
expenses
Net income
(2)
(5)
1
(6)
Average exchange rate
$US/$CAD
Mexican peso/$CAD
Q1/08
Q4/07
Q1/07
1.01
0.98
0.87
10.99
10.79
9.48
40View entire presentation