Scotiabank Investor Day Summary

CANADA'S INTERNATIONAL BANK High quality and well-balanced business operating within a clearly defined global footprint History Established on East Coast of Canada in 1832 In U.S. and Caribbean 125+ years Representative offices in Asia and Latin America since 1960s Began expanding Caribbean presence into Central and South America in 1990s. Strong presence in attractive markets Currently the largest bank in the Caribbean region. Focused on the Pacific Alliance countries of Mexico, Peru, Chile and Colombia Q3 20181 Scotiabank Net Income $2.3B ROE 14.5% Productivity Ratio 51.8% CET1 Risk Weighted Assets $411B CET 1 Capital Ratio² 11.4% Total Assets $947B Market Capitalization $95B # of Employees >96,000 Scotiabank credit ratings³ Moody's S&P Fitch Legacy Senior Debt Aa2 A+ AA- DBRS AA Senior Debt A2 A- AA- AA (low) Outlook Covered Bonds Stable Aaa Stable Stable Not Rated AAA 1 Adjusted for acquisition-related costs including the Day 1 PCL on acquired performing loans, integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions 2 Basel III "all-in" basis. 3 A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revisions or withdrawals at any time. "Legacy Senior Debt" includes: (a) senior debt issued prior to September 23, 2018; and (b) senior debt issued on or after September 23, 2018 which is excluded from the bank recapitalization "bail-in" regime. "Senior Debt" is subject to conversion under the bank recapitalization "bail-in" regime Stable AAA Scotiabank 5

View entire presentation