Canadian Housing Market Financial Analysis

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 24% C&CA 6% REVENUE 1 $3.4B 7% Other 25% Mexico 17% Colombia Business 51% Loans MEDIUM-TERM FINANCIAL OBJECTIVES 70% Credit Cards 6% LOAN MIX1 $154B Latin America Target² 2019 YTD 3,4,5 Net Income Growth 6 9% + 16% 16% Personal 27% 24% Loans Peru Productivity Ratio <51% 50.5% Residential Mortgages Operating Leverage Positive +4.6% Latin America 27% Chile • STRATEGIC OUTLOOK Integration of acquisitions in Chile, Colombia, Peru and Dominican Republic Closing of dispositions of non-core operations in smaller Caribbean markets, and El Salvador Margins (NIM ~450 bps) and credit quality are expected to remain stable • Positive operating leverage for 18 consecutive quarters 1 For the 3 months ended April 30, 2019; 23-5 year target; 3 Adjusted for Acquisition-related costs, including Day 1 PCL impact on acquired performing loans, integration and amortization costs related to current acquisitions, and amortization of intangible related to current and past acquisitions; 4 Y/Y growth rates (%) are on a constant $ basis; 5 For the six months ended April 30, 2019; 6 Attributable to equity holders of the Bank Scotiabank® 24

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