PCL Ratios and Provision for Credit Losses Review

Q3 2018 OVERVIEW Strong operating performance in Q3 O Net income of $1.9 billion (adjusted net income of $2.3 billion) 。 Diluted EPS of $1.55 (adjusted diluted EPS of $1.76) 。 ROE of 13.1% (adjusted ROE of 14.5%) 。 YTD operating leverage of 4.5% (adjusted¹ YTD operating leverage of 4.7%) Strong performance across Personal & Commercial banking businesses Quarterly dividend increase of 3 cents to $0.85; up 8% Y/Y Capital position remains strong 。 CET1 ratio of 11.4% 1 Figures 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 Scotiabank® | 4

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