Fourth Quarter 2018 Investor Presentation

Well-Diversified and Profitable Business Diversified by business and by country, creating stability and lowering risk Earnings by Business 1,2,3 Earnings by Country 1,2,3 Canadian Banking Wealth Global Banking and Markets 20% 9% International Banking 31% Canadian Banking 49% Canadian Banking P&C 40% Other International 10% Colombia Other Americas 1% 7% Chile 5% EARNINGS MIX Peru 8% $8.9B Canada 55% Mexico 7% U.S. 7% Adjusted Return on Equity1 by Division 23.0% 15.8% 16.0% 14.9% Canadian Banking International Banking Global Banking and Markets All Bank 1 For the twelve months ended October 31, 2018; 2 Figures adjusted for Acquisition-related costs, including Day 1 PCL impact on acquired performing loans, integration and amortization costs related to current acquisitions and amortization of intangibles related to current and past acquisitions; 3 Excluding Corporate adjustments GREATER SCALE, GREATER FOCUS 6 Scotiabank®

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