Investor Day Summary

MEDIUM-TERM FINANCIAL OBJECTIVES Achievable objectives driven by strong operations across our footprint METRIC OBJECTIVES 2018 YTD RESULTS (YTD/YTD) ALL BANK EPS Growth 7%+ 12% ROE 14% + 15.5% Operating Leverage Positive 3.3% 1 Capital Strong Levels 12.0% OTHER FINANCIAL OBJECTIVES Dividend Payout Ratio 40-50% 45.0% CANADIAN BANKING Net Income Growth Productivity Ratio 7% + 9% <49% 49.7% INTERNATIONAL BANKING Net Income Growth² 9%+ Productivity Ratio <51% Excludes the employee benefits re-measurement credit of $150 million after-tax ($203 million pre-tax) and $0.12 per share reported in Q1/18 2 On a constant dollar basis 15% 52.9% Scotiabank® | 12

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