Fiscal 2018 Financial Performance

SCOTIABANK IN THE PACIFIC ALLIANCE COUNTRIES Well positioned to grow now and in the future Population 1,2 Government Presidential Elections Financial Stability Economy Key Highlights of Pacific Alliance countries (PACS) • 6x Canada's population; projected growth outpaces Canada, other EM³ and G7 countries; median age of 29 vs. 42 in Canada • No elections expected until 2021 All sovereign credit ratings in IG category with central banks targeting inflation since 1999 GDP1 Exports5 Trade Partners5 Business Environment HDI Score Rank6 Banking Penetration1 Foreign Direct Investment¹ • Ranks as 9th largest economy in the world Manufacturing is the largest source of exports for the PACS at 64% • US, China and Canada are the PACs' largest trading partners, representing 72% of exports ⚫ Ranks "High" or "Very High," comparable to Canada and the U.S. Under-banked with average banking penetration at 50% compared to over 90% in Canada and the U.S. ⚫ FDI averaging 3.2% of GDP compared to 1.7% in Canada and the U.S. Scotiabank Market Share? Market Share Ranking? Mexico 7.1% 6th Peru 18.2% 3rd Chile 13.8% 3rd Colombia 6.2% 5th PACS (Total13/Average) 11.3% 4th Strengths Mortgages and Auto Commercial, Personal and Credit cards Commercial, Credit cards and Mortgages Retail and Credit Cards Well positioned Average Total Loans³(C$B) $27.4 $20.0 $43.5 $12.4 $103.2 Revenue⁹(C$B) $2.2 $2.0 $1.7 $1.3 $7.2 Net Income after NCI 9,10 (C$B) $0.6 $0.7 $0.4 $0.1 $1.9 ROE 9,10 26% 24% 11% 6% 17% # of Employees 11,12 13,204 11,032 9,386 9,658 43,280 1 Source: World Bank 2017 2 Population growth: World Bank DataBank 2017-2022 3 EM countries include: Argentina, Brazil, China, Greece, India, Indonesia, Poland, South Africa, Turkey, and Russia 4 Source: The World Factbook, CIA 2017 5 Source: United Nation Conference on Trade and Development (UNCTAD) 2017; Organization for Economic Co- operation and Development (OECD) 2016 6 Human Development Index. Source: United Nations Development Programme (UNDP) 2017. For more information, please refer to: http://hdr.undp.org/sites/default/files/2018_human_development_statistical_update.pdf 7 Total loans market share as of September 2018 8 Average loan balances over Q4/18 9 For the fiscal year ended October 31, 2018 10 Earnings adjusted for acquisition-related costs including the Day 1 PCL on acquired performing loans, integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions 11Employees are reported on a full-time equivalent basis 12As of October 31, 2018 13May not add due to rounding Scotiabank | 31

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