Investor Presentaiton

Q3 2018 FINANCIAL PERFORMANCE Strong adjusted results with strong operating leverage and productivity gains $MM, except EPS Reported Q3/18 Y/Y Q/Q Net Income $1,939 (8%) (11%) Diluted EPS $1.55 (7%) (9%) Revenue $7,181 +4% +2% • Expenses $3,770 +3% +1% Productivity Ratio 52.5% (80bps) (30bps) Core Banking Margin 2.46% PCL Ratio 1, 2 69bps +24bps (1bp) +27bps PCL Ratio on Impaired Loans 1, 2 41bps (4bps) (5bps) Adjusted³ • Net Income $2,259 +7% +3% Diluted EPS $1.76 +5% +3% Expenses $3,721 +2% Productivity Ratio 51.8% PCL Ratio 1, 2 40bps (120bps) (70bps) (5bps) (2bps) DIVIDENDS PER COMMON SHARE +0.03 +0.03 • +0.03 0.76 0.79 0.79 0.82 0.82 • YEAR-OVER-YEAR HIGHLIGHTS Reported Net Income down 8%, or up 7%³ adjusted Revenue up 4% 。 Net interest income up 7% from strong volume growth in both Canadian and International Banking 。 Non interest income up 1% 。 Lower real estate, securities gains, and sale of Hollis Wealth Expenses up 2% 3 o Higher investments in technology, regulatory initiatives, impact of acquisitions and taxes 。 Partly offset by the sale of Hollis Wealth, lower share-based payment expenses, advertising and business development costs 。 YTD productivity ratio improved 240bps³ Positive YTD operating leverage of 4.7%³ Improved PCL ratio 1.2 on impaired loans Q3/17 Q4/17 Q1/18 ■ Announced Dividend Increase 12018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 Q2/18 Q3/18 2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 3 Adjusted for Acquisition-related costs, including Day 1 PCL impact on acquired performing loans, integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions Scotiabank® | 7

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