Scotiabank Investment Thesis

Canadian Banking: Residential Mortgages (continued) High quality portfolio, lower originations in Vancouver and Toronto NEW ORIGINATIONS UNINSURED LTV* DISTRIBUTION Q2/18 Q1/19 Q2/19 Canada GVA 63% Total Originations ($B) Uninsured LTV 8.9 9.3 7.1 63% 64% 64% GTA 64% GTA BC & Territories Total Originations ($B) Uninsured LTV 2.8 3.2 2.3 62% 63% 64% 63% GVA Atlantic Prairies 67% ON QC Provinces 64% 64% 66% Total Originations ($B) Uninsured LTV 1.2 1.0 0.9 59% 59% 63% *Average LTV ratios for our uninsured residential mortgages originated during the quarter FICO® DISTRIBUTION - CANADIAN UNINSURED PORTFOLIO1 Average FICO Score Canada 790 GTA 791 GVA 795 15% 11% 12% 4% < 635 636-706 707-747 FICO is a registered trademark of Fair Isaac Corporation 1 FICO® distribution for Canadian uninsured portfolio based on score ranges at origination 58% • 748-788 > 788 • Only <0.72% of uninsured portfolio has a FICO® score of <620 and an LTV >65% Canadian uninsured mortgage portfolio is $126 billion as at Q2/2019 Scotiabank® 21 21

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