Canadian Banking Financial Analysis

INTERNATIONAL BANKING Strong performance across the Pacific Alliance YEAR-OVER-YEAR HIGHLIGHTS2 FINANCIAL PERFORMANCE AND METRICS ($MM) 1, 2 Q1/19 Y/Y Q/Q · Reported Revenue $3,331 +22% +6% Expenses $1,742 PCLS $470 Net Income $782 Productivity Ratio 52.3% +20% +1% +37% +14% +16% +10% (100bps) (260bps) Net Interest Margin 4.52% (14bps) PCL Ratio³ 1.28% +2bps +23bps PCL Ratio on Impaired Loans³ Adjusted5 1.23% (2bps) +3bps Expenses Net Income $1,702 $805 +18% +18% +2% +8% Productivity Ratio 51.1% (180bps) (190bps) ADJUSTED NET INCOME 15 ($MM) AND NIM5 (%) 4.66% 4.74% 4.70% 4.52% 4.52% 805 683 715 746 675 Q1/18 Q2/18 1 Attributable to equity holders of the Bank Q3/18 Q4/18 Q1/19 Adjusted Net Income up 18% 5 o Includes impact from alignment of reporting period in Peru which contributed 6% 。 Strong asset and deposit growth across the Pacific Alliance Revenues up 22% o Includes impact of acquisitions o Pacific Alliance up 31% includes impact of acquisitions • Loans up 29% • o Pacific Alliance up 44% includes impact of Chile and Colombia acquisitions NIM down 14 bps 。 Driven by the business mix impact of acquisitions (BBVA Chile) Expenses up 18%5 o Includes impact of acquisitions 。 Business volume growth and inflation 。 Productivity ratio improvement of 180bps 5 Positive operating leverage of 4.2%5 2 Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis 3 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures • PCLs ratio reflects stable credit quality Scotiabank® 10 4 Net Interest Margin is on a reported basis 5 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions

View entire presentation