Scotiabank Investor Day Summary

GLOBAL BANKING AND MARKETS Good net interest income growth and improvement in credit quality FINANCIAL PERFORMANCE AND METRICS ($MM) Q3/18 Y/Y Q/Q Revenue $1,110 (1%) (4%) Expenses $543 +2% (4%) PCLS ($10) N/A N/A Net Income $441 (1%) Productivity Ratio 48.9% +150bps Net Interest Margin 1.82% +6bps +2bps PCL Ratio 2, 3 (0.05%) (16bps) • PCL Ratio on Impaired Loans², 3 (0.06%) (17bps) (8bps) NET INCOME AND TRADING INCOME ($MM) 441 454 447 391 372 441 382 411 216 331 • YEAR-OVER-YEAR HIGHLIGHTS Reported Net Income in line with prior year o Higher NII, corporate banking and investment banking results and lower PCLS o Lower income from global equities and lower fixed income, as well as higher expenses Loans up 1% Expenses up 2% o Higher regulatory costs and technology investments 。 Productivity ratio was 48.9% compared to 47.4% last year PCL ratio 2, 3 improved by 16 bps ○ Reversal of provisions on impaired loans in the US o Higher provision on one account last year Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 1 Attributable to equity holders of the Bank 2 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39 3 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures 4 Trading income on an all-bank basis and TEB Scotiabank | 28

View entire presentation