Scotiabank Investment Presentation

Strong Capital Generation and Position Capital levels are well above minimum regulatory requirements. Expect CET1 >11%. CET1 Ratio 11.2% 11.1% 11.1% +28 bps -12 bps -9 bps -3 bps -4 bps +10 bps Q4/18 Internal Capital RWA Impact Generation Pensions (ex. FX) Share issuance / Other Including FX Q1/19 Net Impact of Q1/19 Pro- Announced Forma (buybacks) (net) Acquisitions & Divestitures Strong Capital Levels 14.6% 1.9% 1.5% 15.3% 14.5% 14.3% 14.6% 1.8% 1.7% 1.8% 2.1% 1.5% 1.4% 1.4% 1.4% 12.0% 11.2% 11.4% 11.1% 11.1% Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 CET1 Tier 1 Tier 2 Scotiabank® 11

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