Investor Presentation
Global Wealth Management
3rd Largest Wealth Management Business in Canada'
Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients
across Scotiabank's footprint. Global Wealth Management serves over 2 million investment fund and advisory clients across
14 countries - administering $600 billion in assets.
Business Overview
Financial Results
12%
10%
Q2/22
Revenue
Q2/22
AUM²
Mix
$326Bn
$1.4Bn
88%
90%
20%
Q2/22
AUA²
$MM, except AUM/AUA Q2/22
Reported
Y/Y
Q/Q
$591Bn
Net Income³
$407
9%
(1%)
80%
Pre-Tax, Pre Provision Profit 5
$555
9%
(1%)
Revenue
$1,358
4%
(5%)
International
Reported Net income³ ($MM) and ROE4 (%)
Canada
Expenses
$803
(7%)
3
PCLS
$1
nmf
nmf
Productivity Ratio²
59.1%
(220 bps)
(150 bps)
16.4%
16.5%
16.3%
17.2%
17.5%
AUM ($B)²
$326
(1%)
(6%)
412
-7
AUA ($B)²
$591
4%
(2%)
Adjusted5
372
390
385
405
407
Net Income³
$413
9%
(1%)
Q2/21
Q3/21
Q4/21
Q1/22
Q2/22
■Ex. Performance Fees Performance Fees
Pre-Tax, Pre Provision Profit
Expenses
Productivity Ratio
$564
9%
(1%)
$794
(7%)
58.5%
(210 bps) (150 bps)
Medium-Term Financial Objectives
Net Income Growth 3,4
Productivity Ratio4
Operating Leverage4
Target6
8%+
<65%
Positive
1 Based on Total Net Income for publicly traded banks in Canada for the 3 months ended January 31, 2022; 2 Refer to page 51 of the Management's Discussion & Analysis in the Bank's Second Quarter 2022 Report
to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3Attributable to equity holders of the bank;
4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2022 Report to Shareholders, available on http://www.sedar.com; 5 Pre-Tax, Pre-Provision
Profit defined as revenues less expenses; 63-5 year target from 2020 Investor Day
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