Investor Presentaiton

INTERNATIONAL BANKING Strong double-digit earnings growth FINANCIAL PERFORMANCE AND METRICS ($MM) 1, 2 Q3/19 Y/Y Q/Q • Reported Net Income $781 +40% 13% Revenue $3,427 Expenses +20% 3% $1,780 +19% 6% PCLS $476 (35%) (23%) • Productivity Ratio 51.9% (100bps) +90bps Net Interest Margin 4.45% (25bps) (13bps) PCL Ratio³ 1.24% (134bps) (47bps) PCL Ratio on Impaired Loans³ Adjusted5 1.36% +3bps +7bps YEAR-OVER-YEAR HIGHLIGHTS2 Adjusted Net Income up 14% or 11% on a constant currency basis Strong loan growth across the Pacific Alliance, positive impact of acquisitions, and higher non-interest income Revenues up 20% o Pacific Alliance up 26% (including acquisitions) Loans up 28% o Pacific Alliance up 41% (including acquisitions) Net Income $815 +11% +5% . NIM down 25 bps Expenses $1,725 PCLS $476 Productivity Ratio 50.3% PCL Ratio³ 1.24% +18% +33% +2% (140bps) +30bps +1bp +4% • (6bps) ADJUSTED NET INCOME 165 ($MM) AND NIM4 (%) 4.70% 4.52% 4.52% 4.58% 4.45% . . 746 805 787 815 715 。 Primarily driven by larger contribution from Chile and margin compression in Mexico Expenses up 18%5 o Includes impact of acquisitions 。 Business volume growth and inflation 。 Productivity ratio improvement of 140 bps5 Quarterly operating leverage of +3.2%5 PCL ratio on impaired loans³ increased 3 bps Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 1 Attributable to equity holders of the Bank 2 Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis 3 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 4 Net Interest Margin is on a reported basis 5 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 Scotiabank. | 9

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