Investor Presentation Third Quarter, 2008
Scotiabank
Auto Industry Exposure Manageable
$ billions
Q4/06
Q4/07
Q3/08
North American & European Wholesale*
Original Equipment Manufacturers (OEM)
0.2
0.2
0.5
Finance & Leasing
0.5
0.6
1.0
Parts Manufacturers
0.9
0.8
0.6
Dealers/Floorplan
2.3
2.4
2.7
3.9
4.0
4.8**
Investment Grade
44%
48%
60%
Loss Ratio (2006, 2007 & YTD 2008)
32bps
9bps
Auto-backed securities (primarily GMAC)
6.3
6.2
7.1
Bank sponsored & third party conduits
9.0
10.2
8.2
* loans and acceptances
** represents 4% of Business & Government loans and acceptances
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Scotiabank
GMAC Program Performing Within
Expectations
High quality, well-structured notes: >90% AAA
Underlying assets consumer loans - no leases
■ Enhancement from discounted purchase price - no credit
exposure to GMAC
■ Credit enhancement for each subsequent purchase based
on recent performance
Increasing Canadian content
Adequate cushion under current conditions
30View entire presentation