Investor Presentaiton

Increasing Scale, Improving Focus1 Gaining scale in key markets to drive earnings growth, improve earnings quality and reduce risk Gaining Market Share (Total Loans) Canada 2013 2018 0 2 4 6 8 10 12 14 16 18 20 Increasing Scale with Strategic Acquisitions (2017-2019) MD Canada Chile MD Financial Management JARISLOWSKY FRASER GLOBAL INVESTMENT MANAGEMENT BBVA Increases wealth management assets to $230B. Adds 110,000 potential primary customers. Doubles market share. Creates 3rd largest bank. Mexico Chile Peru Colombia Peru banco cencosud Creates #2 bank in credit cards. Colombia Citibank Creates market leader in credit cards. Dominican Republic Doubles customer base. Creates 4th largest bank. PROGRESO... Improving Earnings Quality $ Increased wealth AUM by 37% to $282B in 2018. Targeting earnings contribution to All-Bank earnings from Reduced contribution of trading to All-Bank revenue from 7.5% to 4.9% Reducing Risk Profile 57 countries 2013 38 countries 2018 Between 2013 and 2018, exited 19 countries with either low returns, small scale or higher operational risk: Turkey Russia • Haiti ⚫ Egypt Taiwan UAE ⚫ plus 13 others • • Exited 3 non-core businesses • Reduced wholesale funding (% of assets) from 29.6% to 23.4% • Reduced asset exposure in Asia by 21% 12% to 15% 15-year period 2013-2018 INCREASING SCALE, IMPROVING FOCUS 9 Scotiabank®

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