Canadian Banking and Residential Mortgages Overview
Global Wealth Management
3rd Largest Wealth Management Business in Canada'
Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients
across Scotiabank's footprint. Global Wealth Management serves over 2 million investment fund and advisory clients across
13 countries - administering over $600 billion in assets.
Business Overview
Financial Results
11%
Q1/22
Revenue
9%
Q1/22
AUM²
Mix
$345Bn
$1.4Bn
89%
91%
18%
Q1/22
AUA²
$MM, except AUM/AUA Q1/22 Y/Y
Reported
Q/Q
$601Bn
Net Income³
$412
(1%)
7%
82%
International
Reported Net income³ ($MM) and ROE² (%)
Canada
Pre-Tax, Pre Provision Profit4
Revenue
Expenses $862
$560
(2%)
7%
$1,422
2%
6%
6%
5%
3
PCLS ($1)
nmf
nmf
Productivity Ratio²
60.6%
180 bps
(50 bps)
17.6%
16.4%
16.5%
16.3%
17.2%
AUM ($B)²
$345
11%
418
412
62
-7
AUA ($B)²
$601
11%
1%
Adjusted5
356
372
390
385
405
Net Income³
$419
(1%)
7%
Pre-Tax, Pre Provision Profit
$569
(2%)
7%
Q1/21
Q2/21
Q3/21
Q4/21
Q1/22
Ex. Performance Fees
Performance Fees
Expenses
Productivity Ratio
$853
6%
5%
60.0%
190 bps (50 bps)
Medium-Term Financial Objectives
Net Income Growth 3,5
Target6
8%+
Productivity Ratio5
Operating Leverage5
<65%
Positive
1 Based on Total Net Income for publicly traded banks in Canada for the fiscal year ended October 31, 2021; 2 Refer to page 48 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to
Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3Attributable to equity holders of the bank; 4 Pre-
Tax, Pre-Provision Profit defined as revenues less expenses; 5 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to Shareholders, available
on http://www.sedar.com; 63-5 year target from 2020 Investor Day
35View entire presentation