Scotiabank Canadian Legislative Covered Bonds Presentation
Solid Track Record of Earnings and Dividend Growth
Earnings Per Share (C$)(1)(2)
Focused strategies to drive long-term growth
Canadian Banking: Target 6-9% earnings
growth
Focused on customer experience, business
mix shift and distribution
network/digitization to improve costs
International Banking: Target 8-10% earnings
growth and positive operating leverage
-
Attractive, higher growth and
underpenetrated banking markets
Global Banking and Markets
Focused on strategic agenda to generate
continued momentum
•
•
Dividend per Share (C$)
Strong track record of consistent dividends
(and increases) with a current yield of
approximately 4%
The Bank has never cut its dividend
Dividend increases are driven in line with
earnings growth and subject to Board
approval
Dividend payout ratio target range of 40-
50%
Annual dividend of $2.88 per share implies
a dividend payout ratio of 49.6% in 2016, or
48% adjusting for the restructuring charge
The Bank has strong capital levels to
support capital initiatives including dividend
increases and share buybacks
+6%
Y/Y
$6.00
$4.53
$2.05
11 12 13 14
15
2016
(1)
Reflects adoption of IFRS in Fiscal 2011
(2)
Excludes notable items
26
+7%
Y/Y
$2.88
11 12 13 14 15
2016
Scotiabank®View entire presentation