FY22 Financial Overview
Global Wealth Management
3rd Largest Wealth Management Business in Canada¹
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
13 countries - administering approximately $500 billion in assets.
Business Overview
Strategic Focus
.
13%
10%
Q4/22
Revenue
Q4/22
AUM²
Mix
$311Bn
$1.3Bn
87%
90%
22% Q4/22
Continued growth opportunities through digital Scotia Smart
Investor rollout, close partnership with the Retail bank, and
new product innovation
AUA²
$580Bn 78%
Financial Results
International
Canada
Reported Net Income³ ($MM) and ROE4 (%)
$MM, except AUM/AUA
Reported
Q4/22 Y/Y
Q/Q
17.2%
17.5%
16.3%
412
-7
385
405
407
376
361
15.5%
Net Income³
$361
(6%)
(4%)
14.8%
Pre-Tax, Pre Provision Profit5
$491
(6%)
(5%)
Revenue
$1,289
(4%)
(2%)
Expenses $798
(3%)
PCLs
$1
nmf
nmf
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Ex. Performance Fees
Performance Fees
Productivity Ratio²
61.9%
80 bps
130 bps
AUM ($B)²
$311
(10%)
(3%)
AUA ($B)²
$580
(3%)
Medium-Term Financial Objectives
Net Income Growth 3,4
Adjusted
Productivity Ratio4
Operating Leverage4
Target6
8%+
<65%
Positive
Net Income³
$368
(6%)
(4%)
Pre-Tax, Pre Provision Profit 5
$500
(6%)
(5%)
Expenses
Productivity Ratio²
$789
(3%)
61.2%
70 bps
130 bps
1 Based on Total Net Income for publicly traded banks in Canada for the 3 months ended July 31, 2022; 2 Refer to page 133 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, available
on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3 Attributable to equity holders of the bank; 4 Refer to non-GAAP measures
on page 17 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, 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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