Investor Day Summary

RISK REVIEW Overall credit fundamentals are within expectations IAS 39 IFRS 9 PCLS ($MM) AND PCL RATIO ON IMPAIRED LOANS1, 2 45 bps 45 bps 49 bps 42 bps 43 bps 553 587 573 536 564 Q1/17 Q2/17 PCLs on impaired loans GILS³, 4 ($B) Q3/17 Q4/17 PCL ratio on impaired loans Q1/18 5.4 5.2 4.9 4.9 5.0 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 . · YEAR-OVER-YEAR HIGHLIGHTS PCLs 1, 2 on impaired loans of $564 million were up 5% Q/Q and 2% Y/Y 。 PCLS related primarily to retail portfolios in International Banking, mainly in the Latin America region and Canadian Banking Commercial and Corporate impaired loans were $52 million, primarily in International Banking PCL ratio 1, 2 on impaired loans was up 1 bp Q/Q and down 2 bps Y/Y PCL ratio 1,2 was 42 bps 。 PCLs on performing (Stage 1 and 2) reflected a reversal of $20 million, mainly from improving credit quality on non-retail International Banking portfolios Gross impaired loans in Q1/18 reflects an IFRS 9 transitional adjustment of $205 million 1 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 3 Excludes loans acquired under the Federal Deposit Insurance Corporation (FDIC) guarantee related to the acquisition of R-G Premier Bank of Puerto Rico. 4 As of Q1/18, R-G Premier is included in International Commercial and International Retail Scotiabank® 16

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