Investor Presentaiton
Global Wealth Management
3rd Largest Wealth Management Business in Canada¹
Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's
footprint. Global Wealth Management serves over 2.5 million investment fund and advisory clients across 13 countries - administering over
$600 billion in assets.
BUSINESS MIX AS AT Q3/23
STRATEGIC FOCUS
14%
10%
Revenue
$1.3Bn
AUM
(Spot)²
$331Bn
86%
90%
International
Canada
22% AUA
(Spot)²
$631Bn 78%
•
Canada: Maintain momentum leveraging our unique operating
model and market leading capabilities
International: Follow Scotiabank's footprint, building out
Advisory and Asset Management businesses in PAC markets
REPORTED NET INCOME 3 ($MM) AND ROE 4 (%)
FINANCIAL RESULTS ($MM)
$MM, except AUM/AUA
Reported
Q3/23
Y/Y
Q/Q
15.5%
14.8%
15.5%
14.8%
14.9%
Net Income³
$366
(3%)
4%
Pre-Tax, Pre-Provision Profit5
$493
(4%)
3%
Revenue
$1,336
2%
3%
376
361
385
353
366
Expenses
$843
6%
3%
PCLS
$2
nmf
nmf
Productivity Ratio²
63.1%
250 bps
10 bps
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
AUM ($Bn)²
$331
4%
1%
MEDIUM-TERM FINANCIAL OBJECTIVES
AUA ($Bn)²
$631
9%
1%
Adjusted4
Net Income Growth 2,3
Productivity Ratio²
Operating Leverage²
8%+
<65%
Positive
Net Income³
$373
(3%)
4%
Pre-Tax, Pre-Provision Profit 5
$502
(4%)
3%
Expenses
Productivity Ratio
$834
6%
3%
62.4%
250 bps
10 bps
1 Based on Total Net Income for publicly traded banks in Canada for the 3 months ended April 30, 2023; 2 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report
to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3 Attributable to equity holders of the bank;
4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 5 See non-GAAP
reconciliations beginning on slide 83
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