Investor Presentaiton

Global Banking and Markets Second-largest Canadian wholesale banking and capital markets business serving global clients ⚫ Full-service wholesale bank in Canada, the United States and Latin America. Offers a range of products and services in select markets in Europe, Asia and Australia. Asia 6% Canada Europe 10% GEOGRAPHIC US REVENUE1 $1.1B 42% 42% Global Equities 16% Business Banking REVENUE BY BUSINESS LINE1 24% FICC $1.1B 60% Equities 34% Other 10% TRADING RELATED REVENUE (TEB)1,2 14% $479MM Commodities 24% 18% Foreign Exchange Interest Rate & Credit STRATEGIC OUTLOOK Up-tiering lending relationships, expanding our Investment Banking capabilities in key markets, increasing our investment in the Pacific Alliance to become a leader in local and cross-border banking and capital markets • Continued strong growth in deposits, improved corporate lending and investment banking results to absorb required regulatory and technology investments ¹For the 3 months ended January 31, 2019; 2 All-Bank trading-related revenue Scotiabank® 26

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