Investor Presentaiton
Diversification Contributing to Positive Results
Q3/131 Q2/13
Q/Q
Q3/12¹
Y/Y
$1,678 $1,601
5%
Net Income ($MM)
$1,437
17%
$1.30
$1.23
6%
Diluted EPS
$1.16
12%
16.1%
16.2%
(10 bps)
ROE
17.0%
(90 bps)
53.4%
53.6%
20 bps
(1)
Productivity Ratio
Q3/13 excludes the gain on sale of a subsidiary by an associated corporation in Thailand as well as a valuation adjustment and
restructuring charge in International Banking. Q3/12 excludes the gain on sale of Scotia Plaza
Year-over-Year Comparison
53.9%
50 bps
Q3 earnings benefited from...
Partly offset by...
.
Higher net interest income, particularly from ING
.
Higher operating expenses
• Increased banking and wealth management fees
•
Lower trading revenue
.
Higher tax rate
• Higher gains on investment securities
Lower loan loss provisions
Scotiabank
•
Gain on sale of non-strategic leasing
business in Q3/12
Revenue Growth Across All Business Lines
5,589
Revenue (TEB)
($ millions)
5,602
5,304
2,668
2,517
2,290
2,572
2,787
2,934
Q3/12
Q2/13
Real estate gain
Q3/13
Non-Interest Revenue (TEB)
Net Interest Income (TEB)
Scotiabank
Year-over-Year flat
(+12% excluding non-recurring items)
Net interest income up 14%
+ Asset growth, particularly in Canadian mortgages
+ Diversified loan growth internationally
+ Stable margin
Non-interest revenues down 12%
+ Excluding non-recurring items, 10% growth
+ Impact of acquisitions
+ Stronger wealth management revenues
- Gain on sale of leasing business in Q3/12
- Lower trading revenues
Quarter-over-Quarter +6%
(+3% excluding non-recurring items)
Net interest income up 5%
+ Asset growth, improved margin
+ Longer quarter
Non-interest revenues up 6%
+ Longer quarter
- Lower net gains on investment securities
- Lower contribution from associated
corporations (ex-gain)View entire presentation