Medium-Term Financial Objectives

Canada's International Bank Top 10 Bank in the Americas 1,2 Americas 7th largest bank by assets¹ 9th largest bank by market capitalization¹ Full-Service Canada Mexico Peru • Chile Colombia Caribbean Uruguay Wholesale Operations USA UK Hong Kong Singapore Australia Ireland China • Brazil South Korea Malaysia India • Japan 2018 Bank of the Year Latin America and the Caribbean by Latin Finance Europe FY 2019 Scotiabank³ Q3 YTD Change YTD/YTD Revenue $23.2B +9% Net Income $7.0B +3% Return on Equity 13.9% -130 bps Operating Leverage4 -1.2% n.a. Productivity Ratio 52.7% +160 bps Total Assets $1.1T +12.7% Ranking by Market Share 5 Canada #3 USMCA USA Top 10 Foreign Bank Asia Mexico #6 PAC Peru Chile #3 Colombia 36 ## #3 #6 1 Source: Bloomberg August 21, 2019; 2 By assets and market capitalization; 3 Figures adjusted for Acquisition and divestiture-related amounts, including integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions and net loss on divestitures and related costs; 4 Exclude employee benefits re-measurement credit of $203MM pre-tax, $150MM after-tax in Q1/18; 5 Ranking based on market share in loans as of June 2019 for PACs (incl. M&A), as of May 2019 in Canada for publically traded banks; 6 For the nine months ended July 31, 2019 LEADING BANK IN THE AMERICAS Earnings by Geography3.6 Other C&CA 8% 9% PAC 24% 9% 50% Canada U.S.A. Americas (~90%) Scotiabank. LO 5

View entire presentation