Investor Day Summary

Q1 2018 FINANCIAL PERFORMANCE Strong results with solid top line growth and continued improvement in efficiency YEAR-OVER-YEAR HIGHLIGHTS $MM, except EPS Q1/18 Y/Y Q/Q Net Income $2,337 +16% +13% • Diluted EPS grew 18% or 11%³ Diluted EPS $1.86 +18% +13% • Revenue $7,088 +3% +4% Expenses $3,498 (5%) (5%) Productivity Ratio 49.3% (440bps) (450bps) Core Banking Margin 2.46% +6bps +2bps . PCL Ratio 1,2 42bps (3bps) PCL Ratio on Impaired Loans 1,2 43bps (2bps) +1bp DIVIDENDS PER COMMON SHARE +0.02 +0.03 +0.03 • Revenue growth up 3% 。 Net interest income up 8% from strong volume growth and margin expansion 。 Strong asset growth in Canadian Banking and International Banking Expenses down 5% o Employee benefits re-measurement credit 。 Cost reduction initiatives and HollisWealth sale impact 。 Strong positive operating leverage 2 PCL ratio on impaired loans improved by 2 bps to 43 bps 0.74 0.76 0.76 0.79 0.79 Q1/17 Q2/17 ■ Announced Dividend Increase Q3/17 Q4/17 Q1/18 12018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 3 Excludes an employee benefits re-measurement credit of $150 million after-tax ($203 million pre-tax) and $0.12 per share Scotiabank® 8

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