International Banking Volume Growth and Sector Highlights

FISCAL 2017 OVERVIEW Strong full year results MEDIUM TERM FINANCIAL OBJECTIVES Key Highlights Objectives 2017 Results • Strong performance across business lines EPS Growth 5-10% 8%1 ROE 14%+ 14.6% Operating Leverage Positive . Results in-line with medium term objectives • Structural cost initiatives progressing well ahead of plan and continuing to invest in the business . Improved credit performance -0.2%1 • Capital position remains strong Capital Levels Strong Levels 11.5% 1 Adjusting for restructuring charge of $278 million after-tax ($378 million before-tax) in Q2/16 • Annual dividend increased a cumulative 5 cents or 6% during the year Scotiabank® | 4

View entire presentation