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Financial Performance and Funding Strategy

Strong Track Record of Earnings and Dividend Growth Stable and predictable earnings with steady increases in dividends Earnings per share (C$)1,2 Total shareholder return³ $3.05 +9% CAGR $7.11 ■Scotiabank ■Big 5 Peers (ex. Scotiabank) 14.80% 12.70% 11.60% 11.40% 10.80% 6.60% 08 09 10 11 12 13 14 15 16 17 18 5 Year 10 Year 20 Year Dividend per share (C$) $1.92 08 09 10 +6% CAGR 11 12 13 14 15 $3.28 16 17 18 1 Reflects adoption of IFRS in Fiscal 2011 2 Excludes notable items for years prior to 2016. For 2016 onwards, results adjusted for acquisition-related costs including Day 1 PCL impact on acquired performing loans, integration and amortization costs related to current acquisitions and amortization of intangibles related to current and past acquisitions. 3 As of April 30, 2019 INCREASING SCALE, IMPROVING FOCUS Scotiabank® 110
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