Scotiabank Investor Day Summary

Q3/18 Revenue $3,373 +3% +4% Expenses $1,661 +2% +1% PCLs $181 (19%) (12%) Net Income $1,130 +8% +11% Productivity Ratio 49.2% (80bps) (160bps) Net Interest Margin 2.46% +5bps +3bps PCL Ratio 2,3 0.21% (7bps) PCL Ratio on Impaired Loans 2,3 0.21% (4bps) (7bps) (4bps) CANADIAN BANKING Strong loan growth, margin expansion, positive operating leverage and improved credit FINANCIAL PERFORMANCE AND METRICS ($MM)¹ Reported Y/Y Q/Q YEAR-OVER-YEAR HIGHLIGHTS Reported Net Income up 8% or up 9%4 adjusted 。 Lower real estate gains impacted growth by 3% ○ Asset and deposit growth, margin expansion o Lower provision for credit losses Revenue up 3% ○ Net interest income up 8% o Lower real estate gains impacted growth by 2% Loan growth of 6% • Adjusted4 o Residential mortgages up 5%; credit cards up 6% o Business loans up 14% Expenses $1,646 Net Income $1,141 Productivity Ratio 48.8% ADJUSTED NET INCOME 14 ($MM) AND NIM (%) +1% +1% +9% +12% (100bps) (180bps) NIM up 5 bps ○ Rising rate environment and improved business mix Expenses up 1%4 2.41% 2.41% 2.41% 2.43% 2.46% 1,050 1,072 1,107 1,022 1,141 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 1 Attributable to equity holders of the Bank 2 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 3 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures o Higher investments in technology and regulatory initiatives, Jarislowsky acquisition ○ YTD productivity ratio improved 120 bps4 Positive YTD operating leverage of 2.4%4 PCL ratio 2,3 on impaired loans improved by 7 bps due to lower PCLs in retail 4 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions Scotiabank 17

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