Investor Presentaiton

GLOBAL BANKING AND MARKETS Good net interest income growth and improvement in credit quality FINANCIAL PERFORMANCE AND METRICS¹ ($MM) Q2/18 Y/Y Q/Q Revenue $1,155 (4%) (3%) Expenses $565 +13% (1%) PCLS ($11) N/A N/A Net Income $447 (14%) (2%) Productivity Ratio 48.9% +720bps +80bps • Net Interest Margin 1.80% +5bps (23bps) PCL Ratio2, 3 (0.05%) (6bps) (1bp) • PCL Ratio 0.02% +1bp +3bps on Impaired Loans², 3 YEAR-OVER-YEAR HIGHLIGHTS Net Income down 14% 。 Lower income from global equities (higher client driven equity trading last year), lower fixed income and investment banking results and higher expenses o Higher foreign exchange and corporate banking results and lower PCLS PCL ratio², 3 improved by 6 bps o Improved credit quality Expenses up 13% 。 Higher regulatory costs and technology investments NET INCOME¹ AND TRADING INCOME4 ($MM) 455 411 382 517 441 Q2/17 Q3/17 372 454 216 447 391 Q4/17 Q1/18 Q2/18 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 Scotiabank® | 10

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