Investor Presentaiton

Q3 2019 OVERVIEW Repositioning of geographic footprint substantially complete Acquisitions are tracking ahead of previous estimates Solid operating performance ○ Adjusted¹ net income of $2.5 billion, up 9% 。 Adjusted¹ diluted EPS of $1.88, up 7% 。 Adjusted¹ ROE of 14.3% 。 Strong asset and deposit growth across all business segments 。 Good expense management and productivity ratio improvement Quarterly dividend increase of 3 cents to $0.90; up 6% Y/Y Capital position remains strong 。 CET1 ratio of 11.2% 。 Pro-forma increase of ~50 bps from announced divestitures 1 Figures adjusted for Acquisition and divestiture-related amounts, including Day1 PCL impact on acquired performing loans, integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions and losses/(gains) on divestitures and related costs Scotiabank. | 4

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