Investor Presentaiton
Latin America - Overview
Investment Approach
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Scotiabank has a deep history in the Latin American region
Our investment approach has remained consistent, in that we start small, understand the
market opportunities and build incrementally as the right opportunities present themselves
Invested approximately $6.4 billion over the last 2 decades
Continue to focus on transactions in our existing markets to build greater scale and long-term
sustainable profitability
Not looking to enter new markets or "plant new flags"
The Pacific Alliance
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Management has identified the Pacific Alliance as a key area of growth for the Bank
The Pacific Alliance reflects a trade bloc with a free trade agreement to liberalize commerce
and improve integration among Mexico, Peru, Chile and Colombia (and it is expanding)
The strategic purpose of the Pacific Alliance is to strengthen trade flows with Asia and to
compete with Brazil and Argentina
The Pacific Alliance combined, accounts for 40% of Latin America's GDP, comparable to Brazil
The Pacific Alliance is a key area of growth for the Bank => through both acquisitions
and organically
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