Increasing Scale, Improving Focus

Canadian Banking Financial Performance Margin expansion, strong deposit growth, and expense management. Strong Wealth results. FINANCIAL PERFORMANCE AND METRICS ($MM) 1 Y/Y YEAR-OVER-YEAR HIGHLIGHTS Q/Q • Q3/19 Reported Net Income $1,160 +3% +11% Revenue $3,532 Expenses +5% +5% $1,723 +4% +1% PCLS $240 Productivity Ratio 48.8% Net Interest Margin 2.49% +33% (5%) (40bps) (180bps) +3bps +3bps PCL Ratio 2 0.27% +6bps (3bps) PCL Ratio on Impaired Loans² 0.29% +8bps +1bp Adjusted³ • Net Income $1,174 Expenses +3% +4% +11% +1% Productivity Ratio $1,705 48.3% (50bps) (170bps) ADJUSTED NET INCOME 13 ($MM) AND NIM (%) 2.46% 2.45% 2.44% 2.46% 2.49% 1,141 1,146 1,089 1,062 1,174 • • Adjusted Net Income up 3% 3 o Lower real estate gains reduced net income by 2% Margin expansion 。 Wealth Management results up 20% Revenue up 5% ○ Net interest income up 5% o Excluding M&A and IFRS 15, revenue was up 3% Loan growth of 4% o Residential mortgages up 3%; credit cards up 7% o Business loans up 10% Deposit growth of 10% o Personal up 7%; Non-Personal up 17% NIM up 3 bps o Primarily driven by the impact of prior rate increases Expenses up 4%³ ○ Investments in technology and regulatory initiatives o Excluding M&A and IFRS15, expenses were up 1% Quarterly operating leverage of +1.1% 3 PCL ratio² up 6 bps to 27 bps Q3/18 Q4/18 1 Attributable to equity holders of the Bank Q1/19 Q2/19 Q3/19 2 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures 3 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions Scotiabank. 20

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