Investor Presentaiton
Energy Exposures1
Sector
Amount (in $B)
%
PCLs (in $M)
Cumulative
Q1/15 - Q2/16
PCL ratio²
Midstream
$3.2
20%
($2)
0%
Downstream
$2.1
13%
$2
0%
E&P
$9.2
56%
$232
2.5%
Services
$1.8
11%
$45
2.5%
Total Drawn
$16.3
100%
$277
1.7%
•
•
Drawn corporate energy exposure declined $1.6 Bn to $16.3 Bn
•
Approximately 50% investment grade
Undrawn commitments of $11.4 Bn, down $2.7 Bn
•
Approximately 75% investment grade
Focus on select non-investment grade E&P and Services accounts
•
Approximately two-thirds of focus accounts have issued debt ranking
below the Bank's senior position
Exposures relate to loans and acceptances outstanding as of April 30, 2016 and to undrawn commitments attributed/related to those
(1)
drawn loans and acceptances.
(2)
Cumulative PCL ratio calculated as total energy PCLs (Q1/15 - Q2/16) divided by the energy exposure amount in Q2/16.
Scotiabank®
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