Scotiabank Investor Presentation
Prudent Allowances
TOTAL ACLs1 ($MM) AND ACL RATIO²
109 bps
96 bps
82 bps
86 bps
80 bps
75 bps
72 bps
71 bps
6,893
23 6,232
1,691
22 5,731
5,095
5,583
23
5,375
20
5,295
5,499
17
1,529
20
28
28
1,368
1,326
1,255
1,114
1,276
1,368
2,056
2,009
1,386
1,863
1,723
1,595
1,532
1,528
2,578
3,123
2,672
2,477
2,514
2,505
2,459
2,575
Q1/20 Q2/21 Q3/21
Q4/21 Q1/22
Q2/22 Q3/22
Q4/22
(Pre-pandemic)
3
International Retail
Canadian Retail
Business Banking
GWM/Other
TOTAL PCLs ($MM) AND PCL RATIO4
51 bps
33 bps
22 bps
28 bps
24 bps
10 bps
13 bps
13 bps
18
771
496
250
145
503
396
380
339
69
168
314
222
219 1
274 (35)
276
412
93
325
529 11
9
163
355
(43) \(27) (96)
(2)
(1)
`(50)
(16)
(1)
(12)
(46)
(15)
Q1/20 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22
(Pre-pandemic)
Q3/22
Q4/22
5
International Banking
■Canadian Banking
■Global Banking and Markets
■GWM/Other
HIGHLIGHTS
Balance sheet remained strong with allowances of $5.5
billion
Prudent performing allowance of $3.8 billion to
account for growth and uncertainty in economic
outlook
Total ACL ratio of 71 bps
Secured Retail portfolio
(Canada - 95%; International - 72%)
Improving quality of Business Banking portfolios
due to focus on investment grade clients
HIGHLIGHTS
Total PCL ratio of 28 bps, up 6 bps Q/Q
о Higher performing PCLs driven by less
favourable macroeconomic forecast and
strong portfolio growth
Impaired PCLS remained near historical lows
1 Includes ACLs on off-balance sheet exposures and ACLS on acceptances and other financial assets
2 ACL ratio defined as period end total ACLS (excluding debt securities and deposits with financial institutions) divided by gross loans and acceptances
3 Includes Allowance for credit losses in Other of $4 million (Q3/22: $5 million)
4 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
5 Includes provisions for credit losses in Global Wealth Management of $1 million (Q1/21: $4 million, Q2/21: -$2 million, Q3/21: -1$ million, Q4/21: $1 million, Q1/22: -$1 million, Q2/22: $1 million, Q3/22: $5 million)
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