Investor Presentaiton

Q2 2016 Financial Performance $ millions, except EPS Q2/162 Q/Q² Y/Y2 Net Income $1,862 +3% +4% • Diluted EPS $1.46 +2% +3% • Revenues1 $6,647 +2% +10% Expenses $3,439 -4% +7% Productivity Ratio 51.7% -310bps -160bps Core Banking Margin¹ 2.38% +0bps -3bps Dividends Per Common Share +$0.02 +$0.02 • $0.72 $0.70 $0.70 $0.68 $0.68 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Announced dividend increase • Year-over-Year Highlights Diluted EPS growth of 3%² Revenue growth of 10%¹ Solid asset growth across business segments Positive impact of acquisitions Higher banking revenues and net gains. on investment securities, as well as a gain on the sale of a non-core lease financing business Partly offset by lower wealth management, underwriting and advisory and trading revenues Expense growth up 7%² . Excluding the impact of acquisitions, expense growth was up 2% Higher technology and professional fees reflecting the continued investment in technology and efficiency initiatives Quarterly dividend of $0.72 per share (1) Taxable equivalent basis (2) Excluding restructuring charge of $278 million after-tax ($378 million before-tax) 7 Scotiabank®

View entire presentation