2013 Outlook Presentation

Canadian Banking: Residential Mortgage Portfolio ($ billions, as at April 30, 2013) $95 $9 Total Portfolio: $188 billion Average LTV of Insured Uninsured 58% uninsured mortgages is 42% 55%¹ $86 $30 $28 $5 -$3 $19 $16 -$1 -$1 $25 $25 $15 $18 Ontario B.C. Alberta Freehold $169B Quebec Other Condos - $19B Scotiabank 19 (1) LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet and CREA data. Risk Outlook Remains Stable • Asset quality remains high - Retail and commercial portfolios performing as expected Corporate portfolios continue to demonstrate strength Increase in provisions resulting from growth in portfolios and changes in product mix should start to moderate - - Canadian Retail provisions stable Pace of growth of International Retail provisions should start to moderate as provisions reach a natural run rate post acquisitions Corporate and Commercial provisions remain controlled Scotiabank 20

View entire presentation