International Banking Revenue and Loan Growth
FISCAL 2018 FINANCIAL PERFORMANCE - FULL YEAR
Strong adjusted earnings growth with positive operating leverage and productivity gains
$MM, except EPS
Reported
Y/Y
YEAR-OVER-YEAR HIGHLIGHTS
2018
Net Income
$8,724
+6%
Diluted EPS
$6.82
+5%
Revenue
$28,775
+6%
•
Expenses
$15,058
+3%
Productivity Ratio
52.3%
(160bps)
Core Banking Margin
2.46%
PCL Ratio 1, 2
48bps
+3bps
•
PCL Ratio on Impaired Loans 1,2
Adjusted³
43bps
(2bps)
•
Net Income
$9,144
+10%
•
Diluted EPS
$7.11
+9%
Expenses
$14,871
+2%
•
Productivity Ratio
51.7%
(190bps)
PCL Ratio 1, 2
41bps
(4bps)
Adjusted Net Income up 10%³
Revenue up 6%
。 Net interest income up 8%
。 Non-interest income up 4%
Expense growth of 2%3
Productivity ratio improved 190 bps³
Full year operating leverage of +3.7%³
Improved PCL ratio on impaired loans 1, 2
ADJUSTED NET INCOME³ BY BUSINESS SEGMENT ($MM)
+8%
Y/Y
+16%
Y/Y
4,090
4,416
2,424 2,819
Canadian Banking
-3%
Y/Y
1,818 1,758
International Banking Global Banking and
Markets
■ 2017
■ 2018
12018 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 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions
and the Day 1 PCL impact on acquired performing loans in Q3/18
8
Scotiabank®View entire presentation