Fiscal 2018 Financial Performance

Q4/18 Y/Y Q/Q Revenue $1,073 (1%) Expenses $553 (3%) PCLs ($20) N/A Net Income $416 +6% GLOBAL BANKING AND MARKETS Solid loan growth, strong credit quality and lower productivity ratio FINANCIAL PERFORMANCE AND METRICS ($MM) YEAR-OVER-YEAR HIGHLIGHTS Reported Net Income up 6% Loans up 7% o U.S. loans up 13% NIM down 16 bps · (3%) +2% N/A (6%) Productivity Ratio 51.5% Net Interest Margin PCL Ratio², 3 PCL Ratio on Impaired Loans², 3 1.72% (0.09%) (13bps) (0.07%) (11bps) (1bp) (80bps) +260bps (16bps) (10bps) (4bps) 。 Mainly driven by lower deposit and lending margins • Expenses down 3% Productivity ratio improved 80 bps PCL ratio², 3 improved by 13 bps o Impaired loan provision reversals in Europe NET INCOME AND ROE 14.9% 16.2% 16.9% 15.6% 15.3% 447 441 454 416 391 Q4/17 Q1/18 1 Attributable to equity holders of the Bank Q2/18 Q3/18 Q4/18 2 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 3 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures ⑤Scotiabank® | 13

View entire presentation