Investor Presentation Second Quarter 2007
Scotiabank
Strong revenue growth year-over-year
Revenues (TEB)
($ millions)
2,830
3,214
3,211
1,881
1,903
1,644
1,333
1,308
1,186
Q2/06
Q1/07
Q2/07
Scotiabank
Net Interest Income (TEB)
Other Income
Q2/07 vs. Q2/06 revenues up 13%
■ Broad-based increase due to growth in
underlying client base, in part from acquisitions
■ Increased revenues from transaction-based fees,
underwriting activities, retail brokerage fees and
mutual funds
Partly offset by lower securities gains
Q2/07 vs. Q1/07 revenues flat
■ Asset growth in most regions and higher interest
recoveries largely offset by shorter quarter
■ Growth in several categories more than offset by
lower securities gains
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Expenses flat quarter over quarter
Non-interest expenses
($ millions)
1,724
1,726
1,565
Q2/07 vs. Q2/06 expenses: up 10%
■ Nearly half of increase due to acquisitions
"
Remaining increase due primarily to:
•
⚫ higher salaries and benefits costs
•
increased premises, advertising and
1,003
1,004
928
327
329
298
394
393
339
promotion expenses to support business
growth initiatives
Q2/07 vs. Q1/07 expenses flat
■ Increased branch expansion costs
Largely offset by the shorter quarter and a
decrease in stock-based compensation
Q2/06
Q1/07
Q2/07
Salaries & employee benefits
Premises & technology
Other
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