Q1/06 Business Line Results and Risk Review
Scotiabank
Investor Presentation
First Quarter, 2006
March 3, 2006
1
Scotiabank
This document includes forward-looking statements which are made pursuant to the "safe harbour" provisions of the United States
Private Securities Litigation Reform Act of 1995. These statements include comments with respect to the Bank's objectives, strategies
to achieve those objectives, expected financial results (including those in the area of risk management), and the outlook for the
Bank's businesses and for the Canadian, United States and global economies. Forward-looking statements are typically identified by
words or phrases such as "believe," "expect," "anticipate," "intent," estimate," "plan," "may increase," "may fluctuate," and similar
expressions of future or conditional verbs such as "will," "should," "would" and "could."
By their very nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and
specific, and the risk that predictions and other forward-looking statements will not prove to be accurate. The Bank cautions readers
not to place undue reliance on these statements, as a number of important factors could cause actual results to differ materially from
the estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, the
economic and financial conditions in Canada and globally; fluctuations in interest rates and currency values; liquidity; the effect of
changes in monetary policy; legislative and regulatory developments in Canada and elsewhere; operational and reputational risks; the
accuracy and completeness of information the Bank receives on customers and counterparties; the timely development and
introduction of new products and services in receptive markets; the Bank's ability to expand existing distribution channels and to
develop and realize revenues from new distribution channels; the Bank's ability to complete and integrate acquisitions and its other
growth strategies; changes in accounting policies and methods the Bank uses to report its financial condition and the results of its
operations, including uncertainties associated with critical accounting assumptions and estimates; the effect of applying future
accounting changes; global capital markets activity; the Bank's ability to attract and retain key executives; reliance on third parties to
provide components of the Bank's business infrastructure; unexpected changes in consumer spending and saving habits;
technological developments; consolidation in the Canadian financial services sector; changes in tax laws; competition, both from new
entrants and established competitors; judicial and regulatory proceedings; acts of God, such as earthquakes; the possible impact of
international conflicts and other developments, including terrorist acts and war on terrorism; the effects of disease or illness on local,
national or international economies; disruptions to public infrastructure, including transportation, communication, power and water;
and the Bank's anticipation of and success in managing the risks implied by the foregoing. A substantial amount of the Bank's
business involves making loans or otherwise committing resources to specific companies, industries or countries. Unforeseen
events affecting such borrowers, industries or countries could have a material adverse effect on the Bank's financial results,
businesses, financial condition or liquidity. These and other factors may cause the Bank's actual performance to differ materially from
that contemplated by forward-looking statements. For more information, see the discussion starting on page 59 of the Bank's 2005
Annual Report.
The Bank cautions that the foregoing list of important factors is not exhaustive. When relying on forward-looking statements to make
decisions with respect to the Bank and its securities, investors and others should carefully consider the foregoing factors, other
uncertainties and potential events. The Bank does not undertake to update any forward-looking statements, whether written or oral,
that may be made from time to time by or on behalf of the Bank.
The "Outlook" section that follows in this document are based on the Bank's views and the actual outcome is uncertain. Readers
should consider the above-noted factors when reviewing these sections.
2View entire presentation