Investor Presentaiton

Canadian Banking Financial Performance Strong deposit growth and higher NIM FINANCIAL PERFORMANCE AND METRICS ($MM)1 Q1/19 Y/Y Q/Q . Reported Revenue Expenses $3,415 $1,730 PCLS $233 +3% (1%) +8% (1%) +11% +18% Net Income $1,073 (3%) (4%) Productivity Ratio 50.6% +200bps (10bps) • YEAR-OVER-YEAR HIGHLIGHTS Adjusted Net Income down 2%3 。 Lower real estate gains and prior year Interac gain reduced net income by 4% 。 Higher PCLS related to one commercial account o Includes the impact of acquisitions 。 Asset and deposit growth, margin expansion Revenue up 3% Net Interest Margin 2.44% +3bps (1bp) o Includes impact of acquisitions PCL Ratio² 0.27% +2bps +4bps PCL Ratio on Impaired Loans² 0.27% +5bps Adjusted³ Expenses $1,709 +7% Net Income Productivity Ratio 1,3 ADJUSTED NET INCOME ¹³ ($MM) AND NIM (%) $1,089 (2%) (5%) 50.0% +160bps +50bps 2.46% 2.45% 2.43% 2.44% 2.41% 1,107 1,022 1,141 1,146 1,089 · 。 Net interest income up 5% Loan growth of 4% 。 Business loans up 10% o Residential mortgages up 3%; credit cards up 7% Deposit growth of 9% o Personal up 7%; Non-Personal up 12% NIM up 3 bps 。 Primarily driven by the impact of prior rate increases Expenses up 7%³ o Includes impact of acquisitions 。 Investments in technology and regulatory initiatives PCL ratio² up 2 bps to 27 bps Q1/18 Q2/18 1 Attributable to equity holders of the Bank Q3/18 Q4/18 Q1/19 2 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures 3 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions Scotiabank® 17

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