Investor Day Summary

INTERNATIONAL BANKING Record quarter with strong volume growth and positive operating leverage FINANCIAL PERFORMANCE & METRICS ($MM) 1,2 Q1/18 Y/Y Q/Q • Revenue $2,704 +7% +5% Expenses $1,442 +3% +3% PCLs $344 +13% +10% Net Income $667 +18% +11% • Productivity Ratio 53.3% (200bps) (100bps) Net Interest Margin 4.66% (7bps) (1bp) . PCL Ratio 3,4 1.26% +5bps +12bps PCL Ratio . 1.25% on Impaired Loans 3, 4 +4bps +11bps NET INCOME 1,5 ($MM) AND NIM5 (%) 4.73% 5.00% 4.77% • 4.67% 4.66% · YEAR-OVER-YEAR HIGHLIGHTS2 Net Income up 18% 。 Strong asset and deposit growth o Positive operating leverage 。 Lower taxes Revenue up 7% 。 Net interest income up 8%, with Latin America up 12% Loans up 11% 。 Latin America strong loan growth up 16% PCL ratio³, 4 on impaired loans increased 4 bps o Excluding acquisition related benefits, underlying PCLs down Expenses up 3% Positive operating leverage 667 576 595 614 605 Q1/17 Q2/17 1 Attributable to equity holders of the Bank Q3/17 Q4/17 Q1/18 2 Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis 3 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 5 Net Income and Net Interest Margin is on a reported basis Scotiabank® 12

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