Investor Day Summary

GLOBAL BANKING AND MARKETS Higher contributions from equities and improved credit performance FINANCIAL PERFORMANCE AND METRICS 1 ($MM) YEAR-OVER-YEAR HIGHLIGHTS Net Income down 3% 。 Negative impact of foreign currency translation o Higher income from corporate banking, global equities and investment banking, offset by lower fixed income Q1/18 Y/Y Q/Q • Revenue $1,190 Expenses (2%) +9% $572 +2% +1% PCLS ($9) N/A N/A Net Income $454 (3%) +16% Productivity Ratio 48.1% +200bps (420bps) • Net Interest Margin 2.03% +40bps +15bps PCL Ratio 2,3 (0.04%) (8bps) (8bps) PCL Ratio on Impaired Loans 2, 3 (0.01%) (5bps) (5bps) . Higher corporate banking margins Net Income up 16% quarter-over-quarter 。 Strong growth in global equities, foreign exchange and fixed income businesses o Lower provision for credit losses NET INCOME AND TRADING INCOME 4 ($MM) 497 455 372 216 469 517 441 391 Q1/17 Q2/17 Q3/17 454 Q4/17 Q1/18 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 Trading income on an all-bank basis and TEB 411 • Improved PCL ratio 2, 3 on impaired loans • Expenses up 2% o Higher regulatory costs and technology investments Scotiabank® 13

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