2013 Q1 Earnings Presentation

1 Other Segment Net Income² ($ millions) Q1/12 Q4/12 Q1/13 (42) (94) Year-over-Year Net loss increased $89MM - Real estate gain in Q1/12 (-$94MM after-tax) - Lower revenues from asset/liability management activities + Higher net gains on investment securities Quarter-over-Quarter Net loss increased $13MM - Higher taxes (118) - Lower net gains on investment securities (136) (131) + Lower intercompany elimination related to the Bank's share issuance in the prior quarter After-tax real estate gain Scotiabank 15 (1) Includes Group Treasury, smaller operating segments, and other corporate items which are not allocated to a business line. The results primarily reflect the impact of asset/liability management activities. (2) Attributable to equity holders of the Bank Risk Review Rob Pitfield Chief Risk Officer Scotiabank

View entire presentation