Investor Presentation First Quarter 2019

Global Banking and Markets Financial Performance Market volatility negatively impacted results FINANCIAL PERFORMANCE AND METRICS¹ ($MM) Q1/19 Y/Y Q/Q • Revenue $1,075 (10%) Expenses $645 +13% +17% PCLS ($16) N/A N/A Net Income $335 (26%) (20%) Productivity Ratio Net Interest Margin PCL Ratio² 60.0% +1200bps +850bps 1.80% (23bps) +8bps (0.07%) (3bps) +2bps PCL Ratio on Impaired Loans² (0.01%) +6bps NET INCOME AND ROE 16.2% 16.9% 15.6% 15.3% 11.5% 447 441 454 416 335 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 1 Attributable to equity holders of the Bank 2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures YEAR-OVER-YEAR HIGHLIGHTS • Reported Net Income down 26% Revenue down 10% 。 Non-interest revenue down by 12% due to lower fixed income trading, partly offset by higher equity trading and fee income NIM down 23 bps 。 Mainly driven by lower lending margins and loan origination fees • Loans up 15% • o Strong corporate growth across Canada and the U.S. Expenses up 13% 。 Higher regulatory and technology investments PCL ratio² improved by 3 bps to (7 bps) o Improving credit quality in oil and gas portfolio Scotiabank® 27 27

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