Investor Presentaiton

International Banking Net Income ($MM) • 614 595 576 547 527 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 • • Average Assets ($B) Net Interest Margin (%) 140 142 143 149 152 5.00 4.79 4.77 4.73 4.77 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 (1) Attributable to equity holders of the Bank (2) Adjusting for foreign currency translation - see page 5 of MD&A for additional details 9 Year-over-Year Highlights Net Income up 16% or 12%² - Good asset and deposit growth Benefits from cost-reduction initiatives Loans up 11% and deposits up 13% - Commercial loan growth was 6%² Q/Q Pacific Alliance loan growth up 13%² Y/Y NIM down 2 bps, but RAM up 3 bps - - Driven by impact of customer assistance programs related to flooding in Peru Lower net inflation impacts Partly offset by higher spreads related to Central Bank rate changes PCL ratio improved by 10 bps Expenses up 7% or 5%² Increased business volumes, inflation, higher technology investment and business taxes, partly offset by benefits realized from cost- reduction initiatives Positive YTD operating leverage of 3% Solid volume growth and positive operating leverage Scotiabank®

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