Scotiabank Economic and Financial Market Update

Global Banking and Markets Second-largest Canadian wholesale banking and capital markets business serving global clients ⚫ Full-service wholesale bank in Canada, the United States and Latin America. Offers a range of products and services in select markets in Europe, Asia and Australia. Asia 5% Europe 9% Canada GEOGRAPHIC REVENUE1 $1.2B US 43% 43% Global Equities 16% Business Banking REVENUE BY BUSINESS LINE1 24% FICC $1.2B 60% Other 15% Equities 31% TRADING RELATED REVENUE (TEB)1,2 $547MM 7% Commodities 11% 36% Foreign Exchange Interest Rate & Credit STRATEGIC OUTLOOK Up-tiering lending relationships, expanding our Investment Banking capabilities in key markets, increasing our investment in the Pacific Alliance to become a leader in local and cross-border banking and capital markets • Continued strong growth in deposits, improved corporate lending and investment banking results to absorb required regulatory and technology investments 1 For the 3 months ended April 30, 2019; 2 All-Bank trading-related revenue Scotiabank® 27 27

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