Global Wealth Management and Banking Overview

Medium-Term Financial Objectives 2018 results consistent with medium-term objectives METRIC OBJECTIVES 2018 FY RESULTS1 (Y/Y) ALL BANK EPS Growth 7%+ +9% ROE 14%+ 14.9% Operating Leverage Positive 3.7% Capital Strong Levels 11.1% OTHER FINANCIAL OBJECTIVES Dividend Payout Ratio 40-50% 47.7% CANADIAN BANKING Net Income Growth Productivity Ratio 7%+ +8% <49% 49.3% INTERNATIONAL BANKING Net Income Growth² Productivity Ratio 9%+ <51% +16% 52.4% 1 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions and the Day 1 PCL impact on acquired performing loans in Q3/18; 2 On a constant dollar basis Scotiabank® 12 12

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