Scotiabank ESG and Financial Performance Update
Global Banking and Markets
Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and access to
capital markets. GBM is a full-service wholesale bank in the Americas, with operations in 21 countries, serving clients across Canada, the United
States, Latin America, Europe and Asia-Pacific.
BUSINESS MIX
Asia
3%
Canada
Europe
6%
Global
Business
Banking
•
48%
Equities 14%
59%
Q2/23
Revenue¹
Q2/23
Revenue
$1.4Bn
$1.4Bn
•
43%
26%
US
FICC
NET INCOME 2 ($MM) AND ROE5 (%)
STRATEGIC FOCUS
Executing a consistent strategy to be a top wholesale Bank in the
Americas, that is focused on Geography, Client and Product
Leverage strong balance sheet to support corporate lending and
asset growth across the America's footprint to win increased
financing business
Well positioned to leverage the Bank's unique geographic
footprint across the Americas to serve it's cross-border clients in
Canada, US and LatAm
FINANCIAL RESULTS ($MM)
15.6%
13.4%
13.2%
$MM
Q2/23
Y/Y
Q/Q
10.5%
11.1%
Reported
Net Income²
$401
(18%)
(23%)
488
484
519
378
401
Pre-Tax, Pre-Provision Profit³
$600
(1%)
(18%)
Revenue
$1,352
7%
(10%)
Expenses
$752
15%
(3%)
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
PCLS
$53
nmf
nmf
MEDIUM-TERM FINANCIAL OBJECTIVES
Productivity Ratio4
55.6%
390 bps
420 bps
PCL Ratio4
15 bps
31 bps
11 bps
PCL Ratio Impaired Loans4
1 bp
Net Income Growth 2,4
Productivity Ratio4
Operating Leverage4
~5%
~50%
Positive
1 May not add due to rounding; 2 Attributable to equity holders of the Bank; 3 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; See non-GAAP reconciliations beginning on slide 83; 4 Refer to page
54 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 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; 5 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on
http://www.sedar.com;
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