Investor Presentaiton

INTERNATIONAL BANKING Another record quarter driven by strong performance in the Pacific Alliance FINANCIAL PERFORMANCE AND METRICS ($MM)1,2 Reported Y/Y YEAR-OVER-YEAR HIGHLIGHTS² Reported Net Income down 16%, or up 15% adjusted 。 Strong asset and deposit growth in Pacific Alliance o Positive operating leverage and lower taxes Revenues up 9% o Pacific Alliance up 15% Q3/18 Q/Q • Revenue $2,853 +9% +4% Expenses $1,510 +7% +6% PCLS $771 +142% +128% Net Income $519 (16%) (24%) Productivity Ratio 52.9% (160bps) +40bps . Net Interest Margin 4.70% (7bps) (4bps) PCL Ratio 2.58% +142bps +136bps PCL Ratio on Impaired Loans³, 4 Adjusted6 1.33% +17bps (5bps) Expenses $1,476 +6% +4% • NIM down 7 bps PCLs $367 +15% +8% Net Income $715 +15% +3% Productivity Ratio 51.7% (240bps) (40bps) PCL Ratio³, 4 1.23% +7bps +1bp . Loans up 10% o Pacific Alliance loans up 14% ADJUSTED NET INCOME 16 ($MM) AND NIM5 (%) 4.77% 4.67% 4.66% 4.74% 4.70% 623 613 675 683 715 • Q3/17 Q4/17 1 Attributable to equity holders of the Bank Q1/18 Q2/18 • Q3/18 。 Business mix changes and lower loan rates in Colombia Expenses up 6% 6 。 Business volume growth, inflation and higher technology costs 。 YTD productivity ratio improved 170 bps 6 Positive YTD operating leverage of 3.4% PCL ratio 3, 4, 6 on impaired loans up 17 bps 。 Mainly impacted by credit mark benefits in the prior year 2 Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis 3 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 5 Net Interest Margin is on a reported basis 6 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® 10

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