Investor Presentaiton
Scotiabank
258
Q1/06
Scotia Capital
Record quarter
Net Income*
($ millions)
294
Q1/07 vs. Q1/06 net income: up 14%
Revenues up 2%, higher lending volumes partly
offset by lower trading compared to record Q1/06
Expenses up 2% due to higher compensation and
technology costs
■ Increased loan loss recoveries mainly in the U.S.
235
Q4/06
Q1/07
* available to common shareholders
Q1/07 vs. Q4/06 net income: up 25%
■ Revenues up 10% due to higher lending volumes,
interest recoveries and increased trading revenues
Expenses up 20% due to higher performance-
based and other compensation
■Loan loss recoveries vs. provision in Q4/06, no new
provisions in the quarter
25
Scotiabank
Scotia Capital revenues - Strong loan
volume growth, lower trading
revenues (TEB), $ millions
630
620
575
331
370
307
299
250
268
Q1/06
Q4/06
Global Capital Markets (GCM)
Q1/07
Global Corporate & Investment Banking
(GC&IB)
Q1/07 vs. Q1/06 revenues: up 2%
Global Corporate & Investment Banking: up 20%
Higher loan volumes: up 33%
- Canada up $4 billion or 37%
- U.S. up $3 billion or 38%
- Europe up $700 million or 16%
■ Greater interest recoveries from impaired loans
■ Increased investment banking revenues
Higher securities gains
Global Capital Markets: down 11%
Strong results in foreign exchange, precious metals
More than offset by declines in trading, particularly
derivatives & equity, from record results in Q1/06
Q1/07 vs. Q4/06 revenues: up 10%
■ Higher equity trading, foreign exchange and
precious metals revenues
■ Increased interest recoveries
O Partly offset by lower advisory fees, lower spreads
26View entire presentation