Investor Day Summary

CANADIAN BANKING Strong loan growth, margin expansion and improved credit performance FINANCIAL PERFORMANCE AND METRICS ($M M ) ¹ YEAR-OVER-YEAR HIGHLIGHTS Net income up 5% or 7% 4 ○ Asset growth and margin expansion o Lower provision for credit losses Revenue up 3% Q2/18 Y/Y Q/Q • Revenue $3,231 +3% (2%) Expenses $1,641 +3% +2% PCLS $205 (13%) (2%) Net Income $1,017 +5% (8%) Productivity Ratio 50.8% (10bps) +220bps • Loan growth of 7% Net Interest Margin 2.43% +5bps +2bps PCL Ratio 2, 3 0.25% (6bps) PCL Ratio 0.25% on Impaired Loans 2, 3 (6bps) (2bps) ○ Net interest income up 8% NET INCOME ($MM) AND NIM (%) 2.38% 2.41% 2.41% 2.43% 2.41% 971 1,045 1,067 1,102 1,017 o Residential mortgages up 6% ○ Business loans up 14% • NIM up 5 bps • o Rising rate environment and business mix PCL ratio 2, 3 on impaired loans improved by 6 bps Expenses up 3% o Higher investments in technology, digital and regulatory initiatives Positive YTD operating leverage Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 • YTD productivity improvement of 130 bps 1 Attributable to equity holders of the Bank 2 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 3 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 4 Lower real estate gains impacted earnings by 5%, which was partially offset by the 3% benefit of additional earnings from the Alignment of reporting period of Canadian Insurance with the bank Scotiabank 17

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