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Investor Presentaiton

Medium-Term Financial Objectives Metric All Bank Objectives Q2 2017 Results Q2 2017 YTD Results (Y/Y) (Y/Y) EPS Growth 5-10% +11%(1) +10%(1) ROE 14%+ +14.9% +14.6% Operating Leverage Positive -0.6%(1) (2) +1.1%(1)(2) Capital Maintain strong ratios 11.3% 11.3% Canadian Banking Net Income Growth International Banking Net Income Growth 6-9% 8-10% (1) (2) Adjusting for the Q2/16 restructuring charge of $278 million (after-tax) or $378 million (before tax) Taxable equivalent basis +11%(3) +11%(3) +19%(4) +17% (3) Adjusting for the gain on sale of non-core lease financing business in Q2/16. Excluding real estate gains as well, net income is up 5% Y/Y or 6% YTD International Banking net income attributable to equity holders growth is 23% when adjusting for foreign currency translation (4) 11 Scotiabank®
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