Slide 1: Scotiabank to Acquire MD Financial Management and Enter into Affinity Agreement with the CMA
SCOTIABANK TO ACQUIRE MD FINANCIAL MANAGEMENT AND ENTER INTO AFFINITY AGREEMENT WITH THE CANADIAN MEDICAL ASSOCIATION INVESTOR PRESENTATION May 31, 2018
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD-LOOKING STATEMENTS Our public communications often include oral or written forward-looking statements. Bank’s business infrastructure; unexpected changes in consumer spending and saving Statements of this type are included in this document, and may be included in other habi
Slide 3: Scotiabank to Acquire MD Financial Management ("MD")
SCOTIABANK TO ACQUIRE MD FINANCIAL MANAGEMENT (“MD”) Acquiring a leading wealth management business and entering into a long-term collaboration to provide an excellent experience for the medical community • Unique opportunity to build valuable wealth management market share and capture primary banki
Slide 4: Transaction Highlights
TRANSACTION HIGHLIGHTS A strategically compelling opportunity uniting two leading organizations • Scotiabank will acquire MD for $2.585BN in cash consideration PURCHASE PRICE • Scotiabank to finance ~$1.5BN of purchase price through share issuance • Transaction is subject to customary conditions and
Slide 5: Overview of MD Financial Management
OVERVIEW OF MD FINANCIAL MANAGEMENT Largest Canadian non-bank Private Investment Counsel by AUM(1) • Established in 1969, MD Financial has a long history of providing specialized financial products and wealth management services to physicians, their families and their employees • ~110,000 clients co
Slide 6: Our Vision for Scotiabank and MD
OUR VISION FOR SCOTIABANK AND MD Distinct brand enhancing value through collaboration and omni channel offering MD will operate as a standalone brand within Scotia Wealth Management • MD’s senior executive management team is very strong and committed to the success of the MD business • No disruption
Slide 7: Affinity Agreement with CMA
AFFINITY AGREEMENT WITH CMA Creating an enhanced experience for the medical community together Providing physicians with an exclusive financial products and services offering • Scotiabank to invest $115MM into the agreement to be used as agreed by the parties, including as part of CMA’s 2020 mission
Slide 8: Building a Leading Wealth Platform
BUILDING A LEADING WEALTH PLATFORM Acquisitions of Jarislowsky Fraser and MD Financial increase AUM ~50% and significantly improve business mix adding Institutional and Private Client AUM • Building a powerful platform to broaden and deepen our presence across asset classes, clients and distribution
Slide 9: Investor Relations Contact Information
INVESTOR RELATIONS CONTACT INFORMATION Adam Borgatti, Vice President 416-866-5042 adam.borgatti@scotiabank.com Lemar Persaud, Director 416-866-6124 lemar.persaud@scotiabank.com Judy Lai, Director 416-775-0485 judy.lai@scotiabank.com 9