Investor Presentaiton

Scotiabank in the U.S. • Wholesale presence in the US: corporate & investment banking, capital markets, cash management and trade finance ⚫ Top 15 foreign bank (FBO) in the US Clients >4,000 Employees ~700 Offices 5 Revenue $1,896 million Total NIAT¹ $777 million Average Loans Average Deposits $43 billion $57 billion Productivity1 46.2% ROE1 18.7% • Client focus is S&P 500, investment grade corporates ● Current sectors of strength include Power & Utilities and Energy, and focus areas for growth include Real Estate, Technology, and Healthcare 1 Fiscal 2019 46

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