Q3 2014 Overview
Q3 2014 Financial Performance
$ millions, except EPS
Net Income 2
Q3/14 Q/Q
Y/Y
$1,796
0%
+8%
Diluted EPS 2
$1.40
+1%
+9%
Revenues 1,2
$5,932
+2%
+9%
Expenses 2
$3,140
+5%
+7%
Productivity Ratio 2
Basel III CET1 Ratio
52.9%
10.9%
+130bps -90bps
+110bps +200bps
Dividends Per Common Share
+$0.02
+$0.02
+$0.02
$0.64 $0.64
$0.62 $0.62
$0.60
Q3/13
Q4/13
Q1/14
Q2/14
Q3/14
Announced dividend increase
(1)
Taxable equivalent basis
(2)
Adjusted for after-tax gain of $555 million in Q3/14 and after-tax
net benefit of $90 million from non-recurring items in Q3/13
7
Highlights
■ EPS growth of 9% Y/Y2
Driven by good results across our businesses
■ Revenue growth of 9% Y/Y2
Strong asset growth
A higher core banking margin, partly reflecting
maturity of higher cost funding
Higher underwriting, banking fees and securities
gains
Positive impact of FX
■ Expenses up 7% Y/Y²
Higher volume related and stock-based expenses
Higher across most operating expense categories
to support planned growth initiatives
Negative impact of FX translation
Positive operating leverage of 2% YTD²
■ Basel III CET1 ratio of 10.9%
Good results across our
businesses
Scotiabank
-
Capital very strong position
Basel III Common Equity Tier 1 (CET 1) (%)
10.9
9.8
8.9
9.1
9.4
Q3/13 Q4/13 Q1/14 Q2/14 Q3/14
CET 1 Risk-Weighted Assets ($B)
308
302
300
282
288
Highlights
■ Cl transaction added 116 bps to CET 1
Q3/14 internal capital generation of
$900 million
■ Repurchased 2 million shares under
NCIB
■ Risk-weighted assets up $8 billion
from previous quarter to $308 billion
Growth in personal and business lending
Impact from sale of Cl and carrying value
of the remaining investment
Partially offset by lower FX
Q3/13 Q4/13 Q1/14 Q2/14 Q3/14
8
Capital position very strong
Scotiabank
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