Fiscal 2018 Financial Performance

FISCAL 2018 OVERVIEW Strong full-year results MEDIUM-TERM FINANCIAL OBJECTIVES Objectives 2018 Results 1 • · EPS Growth 7%+ 9% • ROE 14%+ 14.9% . HIGHLIGHTS Results ahead of medium-term objectives Strong performance across Personal & Commercial businesses Integration of recent acquisitions is proceeding well Solid progress on digital initiatives Exceeded cost control objectives; focused on productivity improvements Operating Leverage Positive 3.7% • Capital position remains strong • Capital Levels Strong Levels 11.1% Annual dividend increased a cumulative $0.06 or 8% during the year 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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