Credit Performance Review

International Banking Leading diversified personal and commercial franchise in high quality growth markets • International Banking operates primarily in Latin America, the Caribbean and Central America with a full range of personal and commercial financial services, as well as wealth products and solutions Asia 25% C&CA 4% REVENUE 1 $3.3B 7% Other Business 51% Loans MEDIUM-TERM FINANCIAL OBJECTIVES 71% Credit Cards 6% LOAN MIX1 $149B Latin America 24% Mexico Latin America 18% Colombia Target² Q1/193,4 Net Income Growth 5 9% + 18% 16% Personal 27% 25% Loans Peru Productivity Ratio <51% 51.1% Residential Mortgages Operating Leverage Positive +4.2% 26% Chile • • STRATEGIC OUTLOOK Integration of acquisitions in Chile and Colombia. Close announced acquisitions in Peru and Dominican Republic Closing of dispositions of non-core operations in smaller Caribbean markets, Dominican Republic and El Salvador Margins (NIM ~450 bps) and credit quality are expected to remain stable with the level in Q1/19 • Maintain positive operating leverage 1 For the 3 months ended January 31, 2019; 2 3-5 year target; 3 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions; 4 Y/Y growth rates (%) are on a constant $ basis; "Attributable to equity holders of the Bank Scotiabank® 23

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