Bank of Nova Scotia Investor Day (Day 1) Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Gabriel Dechaine, National Bank. You had one slide with a list of reforms in each of the Pacific Alliance countries. Can you maybe flag a few that you're excited about that might have potential to help the business and why?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Those reforms, I assume, cost money. So the debt to GDP ratios are going to change in a few years. And nothing to an alarming level, I don't think?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Just a real quick one. Gabriel Dechaine, National Bank. Thanks for the layout here. I'll look at it in my room tonight. But the impact of acquisitions, that's what I'm talking about. While you were going through that, you also mentioned something about a onetime impact of events in Chile during Q1. Can you expand a little bit on that, please?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Okay. And then, I guess, a bigger picture one. You've shown the evolution of your earnings mix, 2013 to 2019, I guess.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : Is there any consideration to -- I mean this is an older vintage question, I guess, but that the maximum level of earnings you'd want to generate outside of Canada. And if it gets to a certain level, maybe it triggers maybe more attention to the regulators? Or alternatively, because you've -- your International is getting bigger, but it's in more concentrated positions, that's the risk mitigant, I guess?

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : My 2 cents, stay out of Quebec. Not much going on there.

Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst : My question relates to the cards business. And, I think, I asked you about this on the Q4 call, but I want to flesh it out a bit more. So like a few years ago, 2014-ish, there was a pretty big push Phase 1 of the -- Scotia's card strategy. We saw a lot of growth. We saw a lot of top line momentum. Fast forward to today, you talk about cards being a big growth driver for you and I saw some of the best industry asset or receivables growth last year. Is it a matter of timing before we see the revenue follow up? Or is there anything different in today's market relative to a few years back that is changing that dynamic? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 22, 2020 / 6:00PM, BNS.TO - Bank of Nova Scotia Investor Day (Day 1)