Fiscal 2018 Financial Performance

Q4 2018 CANADIAN RESIDENTIAL MORTGAGES Credit fundamentals remain strong NEW ORIGINATIONS UNINSURED LTV* DISTRIBUTION Q4/17 Q3/18 Q4/18 Canada Total Originations ($B) 12.9 11.9 10.5 GVA 59% Uninsured LTV 64% 63% 63% GTA BC & Territories Total Originations ($B) Uninsured LTV 3.9 3.6 3.2 63% 62% 62% 61% GVA Prairies 67% ON QC Atlantic Provinces 63% 65% 69% Total Originations ($B) Uninsured LTV 1.8 1.4 1.1 61% 60% 59% *Average LTV ratios for our uninsured residential mortgages originated during the quarter FICO® DISTRIBUTION - CANADIAN UNINSURED PORTFOLIO Average FICO® Score Canada 787 GTA 790 GVA 790 16% 11% 12% 4% < 635 636-706 57% 707-747 748-788 > 788 FICO is a registered trademark of Fair Isaac Corporation • <0.65% of uninsured portfolio has a FICO® score of <620 and an LTV >65% Canadian uninsured mortgage portfolio is $121 billion as at Q4/2018 Scotiabank® 36

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