Investor Presentaiton

GLOBAL BANKING AND MARKETS Good net interest income growth and improvement in credit quality FINANCIAL PERFORMANCE AND METRICS ($MM) Q3/18 Y/Y Q/Q • Revenue $1,110 (1%) (4%) Expenses $543 +2% (4%) PCLS ($10) N/A N/A Net Income $441 (1%) Productivity Ratio 48.9% +150bps . Net Interest Margin 1.82% PCL Ratio², 3 PCL Ratio on Impaired Loans 2, 3 (0.05%) (0.06%) (17bps) +6bps (16bps) +2bps (8bps) NET INCOME AND TRADING INCOME ($MM) 441 391 454 447 372 HH 216 411 382 441 331 . YEAR-OVER-YEAR HIGHLIGHTS Reported Net Income in line with prior year o Higher NII, corporate banking and investment banking results and lower PCLS 。 Lower income from global equities and lower fixed income, as well as higher expenses Loans up 1% Expenses up 2% 。 Higher regulatory costs and technology investments 。 Productivity ratio was 48.9% compared to 47.4% last year PCL ratio², 3 improved by 16 bps o Reversal of provisions on impaired loans in the US o Higher provision on one account last year Q3/17 Q4/17 1 Attributable to equity holders of the Bank Q1/18 Q2/18 Q3/18 2 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 3 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures 4 Trading income on an all-bank basis and TEB Scotiabank® | 11

View entire presentation