Canadian Housing Market Financial Analysis

Well-Diversified and Profitable Business Diversified by business and by geography, creating stability and lowering risk. Earnings by Business 1,2,3 Earnings by Geography1,2,3 * Caribbean and Central America Global Banking & Markets 17% Global Wealth Management 13% 2019 YTD EARNINGS MIX $4.5B International Banking P&C 33% Canadian Banking P&C Colombia 2% C&CA* 9% 37% Other 9% Chile 6% Peru 9% Mexico 7% 2019 YTD EARNINGS MIX $4.5B U.S. 9% Adjusted Return on Equity 1.2 by Division 18.5% 14.8% 13.3% 13.7% Canadian Banking International Banking Global Banking and Markets All Bank Canada 49% 1 For the six months ended April 30, 2019; 2 Figures adjusted for Acquisition and Divestiture-related amounts, including Day 1 PCLs, integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions and net gain on divestitures; 3 Excluding Corporate adjustments GREATER SCALE, GREATER FOCUS Scotiabank® 6

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