Scotiabank Investor Day Summary

CANADIAN BANKING: RESIDENTIAL MORTGAGES High quality and well managed portfolio. Residential mortgage portfolio of $212 billion, of which 45% is insured, and an LTV of 53% on the uninsured book¹ 。 Scotiabank has 3 distinct distribution channels; Broker (~55%), Branch (~25%), and Mobile Salesforce (~20%) ○ All adjudicated under the same standards ○ Mortgage business model is originate to hold О New originations² average LTV of 63% in Q3/18 。 Majority is freehold properties; condominiums represent approximately 13% of the portfolio ○ The mortgage portfolio is well managed and has good diversification across Canada with approximately half of the portfolio anchored in Ontario CANADIAN MORTGAGE PORTFOLIO: $212B (SPOT BALANCES AS AT Q3/18, $B) $106.0 Freehold $185B Condos $27B 45% $11.9 Insured $94.1 $38.3 $8.9 $30.9 Total Portfolio: $212 billion - $3.7 $15.9 $29.4 $27.2 $1.7 $11.5 $9.5 $0.2 $14.2 $11.3 $0.7 55% $8.8 Uninsured Ontario BC & Territories Alberta Quebec Atlantic Provinces Manitoba & Saskatchewan % of 50% 18% 15% 8% 5% 4% portfolio 1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data. 2 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases, refinances with a request for additional funds and transfer from other financial institutions. Scotiabank | 20

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