Scotiabank Economic and Financial Market Update

Scotiabank in the Pacific Alliance Countries Well positioned in high quality, growth markets • PAC Highlights 230 million people¹, median age of 292 9th largest economy in the world1 Banking penetration <50%1 Sovereign ratings all "Investment Grade"3 64% of exports related to manufacturing4 Largest trading partner is the United States4 . • • Scotiabank in the PAC Only global bank present in all PAC countries Top 3 bank in Chile and Peru 28-year operating history (average) 2018 "Bank of the Year", Latin Finance Mexico Peru Chile Colombia Scotiabank Market Share5 Market Share Ranking Strengths 7.4% 6th 17.8% 3rd Auto and Mortgages P&C and Mortgages 14.1% 3rd Credit Cards, Mortgages 6.1% 5th Credit Cards, Personal Average Total Loans (C$B) $29.3 $21.0 $48.0 $12.6 Revenue (C$B) $2.3 $2.2 $2.2 $1.5 Net Income after NC17,8 (C$MM) $644 $750 $507 $122 ROE 6,8 20% 24% of Employees 9,10 13,024 11,471 9% 9,146 8% 8,884 1 Source: World Bank 2017 2 Source: The World Factbook, CIA 2017 3 Sovereign ratings from Moody's, S&P, and Fitch; Source: Bloomberg 4 Source: United Nation Conference on Trade and Development (UNCTAD) 2017; Organization for Economic Co- operation and Development (OECD) 2016 5 Ranking based on publicly traded banks by total loans market share as of March, 2019, inc. M&A 6 For the three months ended April 30, 2019 7 For the trailing 12 months ended April 30, 2019 not adjusted for currency 8 Earnings adjusted for acquisition-related costs including integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions 9 Employees are reported on a full-time equivalent basis 10As of April 30, 2019 Scotiabank® 26 26

View entire presentation