Investor Presentaiton

0.00% 0.50% 2001 1.00% 0.00% 0.50% Historical PCL Ratios on Impaired Loans Credit fundamentals remain strong; PCLS on impaired loans in line with long-term average 1.50% ALL BANK HISTORICAL PCL RATIO ON IMPAIRED LOANS¹ 1.00% 2002: Included $454 million related to the Bank's exposure to Argentina 2009: Higher PCLs driven by economic conditions, event distributed across business lines. Higher general allowance and sectoral allowance (automotive related) 2006 PCL Ratio on Impaired Loans 2007 1.50% CANADIAN BANKING HISTORICAL PCL RATIO ON IMPAIRED LOANS¹ 2002 2003 PCL Ratio on Impaired Loans 1 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 2008 ༔ ༔ ༔ ༔ ༔ Historical Average - PCL Ratio on Impaired Loans (44 bps) 2014 I Historical Average - PCL Ratio on Impaired Loans (26 bps) 2015 2016 2017 Scotiabank® Average: 44 bps I ☐ 30 30 Average: 26 bps

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