Investor Day Summary

ECONOMIC OUTLOOK IN KEY MARKETS Macro economic growth improving for Pacific Alliance countries Real GDP (Annual % Change) Country 2000-16 Avg. 2016A 2017E 2018F Mexico 2.2 2.9 2.1 2.4 Peru 5.1 3.9 2.5 3.7 Chile 4.1 1.6 1.6 3.1 Colombia 4.1 2.0 1.7 2.5 2000-16 Avg. 2016A 2017E 2018F Canada 2.1 1.4 2.9 2.3 U.S. 1.9 1.5 2.3 2.5 Source: Scotia Economics, as of February 6, 2018 Scotiabank® 28

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