Q4 2019 Financial Performance

Why Invest in Scotiabank? Leading bank in the Americas Diversified exposure to high quality growth markets . • Strong foundation in Canada. Unique footprint in Americas provides diversification with growth. . Strong balance sheet, capital and liquidity ratios . Attractive return on equity and dividend growth Leading Canadian bank. Top 15 foreign bank in U.S. Leading bank in the Pacific Alliance growth markets of Mexico, Peru, Chile and Colombia , Increasing scale and market share in core markets • $$ Improved earnings quality, lower risk profile • • Gaining scale and market share in six core markets of Canada, US, Mexico, Peru, Colombia and Chile Competitive advantages in technology, risk management, and funding versus local competitors Increasing scale in Wealth Management and P&C businesses > 80% of earnings from core P&C banking and wealth businesses; > 80% of earnings from 6 core markets Lowered operational risk with more focused footprint (announced or completed exit from 21 countries and 11 businesses since 2013) Strong Canadian risk management culture: strong capabilities in AML and cybersecurity Strengthening competitive advantages in technology and talent High levels of technology investment supports digital banking strategy to increase digital sales and adoption Named to Top 25 "World's Best Workplaces" (2018) 8

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