#1Investor Presentation August 2023 Scotiabank®#2Caution Regarding Forward-Looking Statements From time to time, our public communications include oral or written forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission ("SEC"), or in other communications. In addition, representatives of the Bank may include forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements may include, but are not limited to, statements made in this document, the Management's Discussion and Analysis in the Bank's 2022 Annual Report under the headings "Outlook" and in other statements regarding the Bank's objectives, strategies to achieve those objectives, the regulatory environment in which the Bank operates, anticipated financial results, and the outlook for the Bank's businesses and for the Canadian, U.S. and global economies. Such statements are typically identified by words or phrases such as "believe," "expect," "foresee," "forecast," "anticipate," "intend," "estimate," "plan," "goal," "target," "project," "commit," "objective," and similar expressions of future or conditional verbs, such as "will," "may," "should," "would," "might," "can" and "could" and positive and negative variations thereof. By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct and that our financial performance objectives, vision and strategic goals will not be achieved. We caution readers not to place undue reliance on these statements as a number of risk factors, many of which are beyond our control and effects of which can be difficult to predict, could cause our actual results to differ materially from the expectations, targets, estimates or intentions expressed in such forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general economic and market conditions in the countries in which we operate; changes in currency and interest rates; increased funding costs and market volatility due to market illiquidity and competition for funding; the failure of third parties to comply with their obligations to the Bank and its affiliates; changes in monetary, fiscal, or economic policy and tax legislation and interpretation; changes in laws and regulations or in supervisory expectations or requirements, including capital, interest rate and liquidity requirements and guidance, and the effect of such changes on funding costs; changes to our credit ratings; the possible effects on our business of war or terrorist actions and unforeseen consequences arising from such actions; operational and infrastructure risks; reputational risks; the accuracy and completeness of information the Bank receives on customers and counterparties; the timely development and introduction of new products and services, and the extent to which products or services previously sold by the Bank require the Bank to incur liabilities or absorb losses not contemplated at their origination; our ability to execute our strategic plans, including the successful completion of acquisitions and dispositions, including obtaining regulatory approvals; critical accounting estimates and the effect of changes to accounting standards, rules and interpretations on these estimates; global capital markets activity; the Bank's ability to attract, develop and retain key executives; the evolution of various types of fraud or other criminal behaviour to which the Bank is exposed; disruptions in or attacks (including cyber-attacks) on the Bank's information technology, internet, network access, or other voice or data communications systems or services; increased competition in the geographic and business areas in which we operate, including through internet and mobile banking and non-traditional competitors; exposure related to significant litigation and regulatory matters; climate change and other environmental and social risks, including sustainability that may arise, including from the Bank's business activities; the occurrence of natural and unnatural catastrophic events and claims resulting from such events; inflationary pressures; Canadian housing and household indebtedness; the emergence of widespread health emergencies or pandemics, including the magnitude and duration of the COVID-19 pandemic and its impact on the global economy, financial market conditions and the Bank's business, results of operations, financial condition and prospects; and the Bank's anticipation of and success in managing the risks implied by the foregoing. A substantial amount of the Bank's business involves making loans or otherwise committing resources to specific companies, industries or countries. Unforeseen events affecting such borrowers, industries or countries could have a material adverse effect on the Bank's financial results, businesses, financial condition or liquidity. These and other factors may cause the Bank's actual performance to differ materially from that contemplated by forward-looking statements. The Bank cautions that the preceding list is not exhaustive of all possible risk factors and other factors could also adversely affect the Bank's results, for more information, please see the "Risk Management" section of the Bank's 2022 Annual Report, as may be updated by quarterly reports. Material economic assumptions underlying the forward-looking statements contained in this document are set out in the 2022 Annual Report under the headings "Outlook", as updated by quarterly reports. The "Outlook" and "2023 Priorities" sections are based on the Bank's views and the actual outcome is uncertain. Readers should consider the above-noted factors when reviewing these sections. When relying on forward-looking statements to make decisions with respect to the Bank and its securities, investors and others should carefully consider the preceding factors, other uncertainties and potential events. Any forward-looking statements contained in this document represent the views of management only as of the date hereof and are presented for the purpose of assisting the Bank's shareholders and analysts in understanding the Bank's financial position, objectives and priorities, and anticipated financial performance as at and for the periods ended on the dates presented, and may not be appropriate for other purposes. Except as required by law, the Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on its behalf. Additional information relating to the Bank can be located on the SEDAR+ website at www.sedarplus.ca and on the EDGAR section of the SEC's website at www.sec.gov. 2#3TABLE OF CONTENTS Scotiabank Overview Business Line Overview: Canadian Banking Business Line Overview: International Banking Business Line Overview: Global Wealth Management Business Line Overview: Global Banking and Markets Risk Overview Treasury and Funding Appendix 1: Core Markets: Economic Profiles Appendix 2: Canadian Economic Fundamentals Appendix 3: Bail-in and TLAC Appendix 4: Covered Bonds Appendix 5: Reconciliation for non-GAAP Financial Measures Appendix 6: Additional Information Contact Information 4 21 27 36 41 F 44 51 58 69 75 79 2 mm 5 83 93 95 3#4Leading Bank in the Americas 7th largest bank by assets¹ in the Americas FY23 HIGHLIGHTS FY23 YTD FY 2022 MEDIUM TERM FINANCIAL OBJECTIVES Reported Adjusted Reported Adjusted All-Bank Objectives Net Income ($Bn) 6.1 6.8 10.2 10.7 EPS Growth 7%+ EPS ($) 4.76 5.28 8.02 8.50 ROE² 14%+ Revenue ($Bn) 24.0 31.4 31.8 Operating Return on Equity² Positive 11.5% 12.7% 14.8% 15.7% Leverage Productivity Ratio² 56.7% 56.4% 52.8% 52.5% Strong Capital³ Levels Total Assets ($T) 1.40 1.35 Mexico CET1 Ratio³ 12.7% 11.5% Colombia LOANS MARKET SHARE 5 FY2022 EARNINGS BY MARKET 8 Canada6 #3 Peru C&CA-Other USA7 U.S.A USMCA Top 10 FBO 494% 8% Chile Pacific Alliance Countries Chile (PAC) Mexico Peru #5 22% $9.9Bn #3 PAC #3 Colombia #6 62% Canada 1 Ranking by asset as at Aug 15, 2023, Bloomberg; 2 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3 This measure has been disclosed in this document in accordance with OSFI Guideline - Capital Adequacy Requirements (February 2023); 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 5 Ranking based on market share in loans as of June 2023; except Canada as of April 2023 and Colombia as of April 2023; 6 Top 3 Canadian Retail and Commercial bank by market share in loans; 7 Ranking by assets as of March 2023; 8 Net income attributable to equity holders of the Bank for the 12 months ended October 31, 2022#5Well Diversified Business with Strong Returns EARNINGS BY BUSINESS LINE EX. OTHER 1, 2, 3 EARNINGS BY GEOGRAPHY 1 Caribbean and Central America (C&CA) Colombia 1% Global Wealth Management 15% 4% Other 4% Peru 4% Global U.S. 8% Banking FY2022 REPORTED and Markets EARNINGS Canadian $10.6Bn 18% Banking 45% Mexico 8% FY2022 REPORTED EARNINGS $9.9Bn Canada 62% International Banking Chile 9% 23% REPORTED RETURN ON EQUITY BY BUSINESS LINE 4,5 26.3% 22.2% 22.8% ■3-Year Average FY22 ■FYTD 12.9% 13.4% 15.5% 16.2%15.1% 15.2% 14.3% 9.4% 12.2% 13.3% 14.8% 11.5% Canadian Banking International Banking Global Wealth Management Global Banking and Markets All Bank 1 Net income attributable to equity holders for the 12 months ended October 31, 2022; 2 Excludes Other segment (FY22: -$732MM in net income attributable to equity holders for the 12 months ended October 31, 2022); 3 May not add due to rounding; 43-Year ROE calculated as average of full year 2020-2022 ROES; 5 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca 5#6Business Lines (FY23 YTD Reported Results) Business Line Products NIAEH ($MM) % All-Bank 1,2 % Target Productivity • • • CANADIAN BANKING INTERNATIONAL BANKING GLOBAL WEALTH MANAGEMENT GLOBAL BANKING AND MARKETS Mortgages Auto Loans • Mortgages . Auto Loans Business Loans • Corporate and Personal Loans Credit Cards Personal Deposits Non-Personal Deposits Commercial Banking • Personal Loans Credit Cards Capital Markets Asset Management . Corporate Lending . Private Banking • Advisory Private Investment • Equities Counsel • Brokerage . Trust Fixed Income Foreign Exchange Payments & Transaction Banking Advisory and Products Personal Deposits • Non-Personal Deposits $3,209 $1,924 $1,104 $1,354 42% 25% 15% 18% 35-40% 25-30% ~15% 15-20% 45.8% 53.1% 62.2% 54.4% Ratio³ ROE4 22.8% 13.4% 15.1% 12.2% Total Deposits5 ($Bn) $336.2 $124.5 $34.0 $181.9 Total Assets5 ($Bn) $450.3 $236.1 $34.1 $487.0 Employees 19,275 41,289 7,879 2,328 1 Excludes Other segment (FY23 YTD: -$1,535MM in net income attributable to equity holders for the 9 months ended July 31, 2023); 2 May not add due to rounding; 3 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 5 Average balance for the 9 months ended July 31, 2023; 6 Employees are reported on a full-time equivalent basis 6#7Why Invest in Scotiabank? , Leading bank in the Americas Diversified exposure to high quality growth markets Increasing scale and market share in core markets S Strong risk culture: solid credit quality, well provisioned * Acceleration in Digital Banking • Six core markets: Canada, US, Mexico, Chile, Peru and Colombia • ~97% of FY23 YTD earnings from the Americas • • • Only universal bank with full presence in all Pacific Alliance countries • • Unique Americas footprint provides diversified exposure to higher growth, high ROE banking markets Over 230 million people in the Pacific Alliance countries comprise the 6th largest economy in the world Competitive scale and increasing market share in core markets Competitive advantages in technology, risk management and cross- border solutions versus competitors Strong Canadian risk management culture with strong capabilities in AML and cybersecurity • Focus on secured and investment-grade lending • $6.1 billion in allowances for credit losses as of Q3/23 • Increased Digital Adoption to 61% in Q3/23 (up 220 bps Y/Y) • Recognized as a 2023 Digital Transformation Award winner by IT World Canada, for the development of Scotiabank's Al-driven Chatbot • Launched Scotia Smart Investor, an all-new platform that aligns solutions to customer goals by blending Al-powered recommendations and personalized advice in real-time Named "Digital Bank of the Year for Latin America and the Caribbean" by Latin Finance's 2022 Banks of the Year Awards 7#8Focused on Higher Return Markets SCOTIABANK P&C BANKING FOCUSED ON HIGHER ROE MARKETS 35% 30% 25% 20% 31.7% 15% 10% 5% 0% Canada¹ 2 15.9% 15.2% Pacific Alliance | Average FY22 ROE of Canadian banks in each market FY22 ROE of BNS in Pacific Alliance market 3 10.6% 4 13.0% US Average 10-Year ROE of largest banks in each market 1 Average FY22 ROE of Canadian P&C segments of RY, TD, BMO, CM, and BNS; 2 Average 10-year ROE of Banorte, Banbajio, Santander Mexico, Credicorp, Bancolombia, Santander Chile and Banco de Chile; 3 Average 10-year ROE of JP Morgan, BofA, Citi, Wells Fargo, Truist, US Bancorp, PNC, Fifth Third, M&T and Comerica; 4 Banks include TD, BMO and CM's US Banking segment Sources: Company Financial Reports 8#9Q3 2023 Financial Performance $MM, except EPS Q3/23 Y/Y Q/Q YEAR-OVER-YEAR HIGHLIGHTS Reported Net Income $2,212 (15%) 2% • Diluted EPS down 18% (up 2% Q/Q) Pre-Tax, Pre-Provision Profit¹ $3,528 (2%) 5% • Diluted EPS $1.72 (18%) 2% Revenue $8,090 4% 2% Expenses $4,562 9% Productivity Ratio² 56.4% 270 bps (130 bps) Net Interest Margin³ 2.10% (12 bps) (3 bps) PCL Ratio² 42 bps 20 bps 5 bps PCL Ratio on Impaired Loans² 38 bps 17 bps 5 bps • Return on Equity² 12.1% (320 bps) (20 bps) Return on Tangible Common Equity³ 15.1% (410 bps) (30 bps) • Adjusted³ Net Income $2,227 (15%) 2% Pre-Tax, Pre-Provision Profit¹ $3,548 (2%) 5% • Diluted EPS $1.73 (18%) 2% • Adjusted PTPP down 2% (up 5% Q/Q) Revenues up 4% (up 2% Q/Q) o Net interest income down 2% as loan growth was offset by lower margins o Non-interest income up 12% NIM down 12 bps (down 3 bps Q/Q) Expenses up 9% (flat Q/Q) o Including negative FX impact of 4% Y/Y (1% Q/Q) PCL ratio of 42 bps o Performing PCL ratio of 4 bps Loans up 7% Y/Y (down 1% Q/Q) Deposits up 9% Y/Y (up 1% Q/Q)5 Revenue $8,090 4% 2% Expenses $4,542 9% Productivity Ratio 56.1% 270 bps (140 bps) Return on Equity 12.2% (320 bps) (20 bps) Return on Tangible Common Equity 15.1% (410 bps) (30 bps) REPORTED NET INCOME YEAR-OVER-YEAR ($ MM) REPORTED NET INCOME 4 BY SEGMENT($ MM) 2,594 387 -12% ■Q3/22 Q3/23 105 2,212 (96) (371) (407) -8% 1,213 -3% +15% 1,062 685 376 366 378 434 628 Q3/22 Net Interest Income Non-Interest Expenses PCLS Taxes Q3/23 Canadian Banking Global Wealth Management Global Banking and International Banking Markets (Constant FX) Non-Interest Income 1 See non-GAAP reconciliations beginning on slide 83 2 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 3 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca 4 Attributable to equity holders of the Bank 5 Excludes Other segment 9#10Earnings and Dividend Growth - REPORTED DILUTED EARNINGS PER SHARE 1 - ADJUSTED DILUTED EARNINGS PER SHARE1 +4% CAGR $8.50 $8.02 +5% CAGR $5.18 ill $5.22 $5.28 $4.76 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 FY23 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 FY23 YTD YTD DIVIDENDS PAID PER SHARE Announced quarterly dividend increase to $1.06 from $1.03 in Q2/23 +6% CAGR $4.06 $3.12 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 FY23 YTD 1 Excludes notable items for years prior to 2016 10 10#11Strong Capital Position Q/Q CHANGE IN CET1 RATIO (%) 1 11 bps 12.7% 19 bps 18 bps 12.3% (10 bps) • CET1 ratio of 12.7%, expected to continue to grow through fiscal 2023 Contributions from internal capital generation and share issuances through DRIP Q2 2023 Reported Earnings less dividends RWA growth (ex. FX) Share issuances Other (mainly DRIP) (mainly regulatory deductions) Q3 2023 Reported Internal capital generation Q/Q CHANGE IN RISK WEIGHTED ASSETS ($BN) 451.1 1.8 0.2 (1.7) (3.4) (1.3) Lower RWA benefited from a risk transfer transaction and a reduction in the regulatory capital floor add-on 439.8 (6.9) Q2 2023 Reported Book Size Book Quality FX & Other Market and Model Updates Risk Operational Risk Change in Floor Add-on Q3 2023 Reported 1 This measure has been disclosed in this document in accordance with OSFI Guideline - Capital Adequacy Requirements (February 2023) 11#121 2 3 4 5 6 7 8 9 10 Strong Balance Sheet Metrics $Bn Q3/22 Q2/23 Q3/23 Capital Metrics CET1 Ratio 1,2 11.4% 12.3% 12.7% Tier 1 Capital Ratio 1,2 13.0% 14.1% 14.6% Total Capital Ratio 1,2 15.0% 16.2% 16.9% TLAC Ratio 1,2,3 28.4% 28.3% 30.5% Leverage Ratio 1,2 4.2% 4.2% 4.1% TLAC Leverage Ratio 1,2,3 9.3% 8.4% 8.7% CET1 Capital 12 51.6 55.5 55.8 Tier 1 Capital 1,2 58.8 63.7 64.0 Total Capital 1,2 68.1 73.2 74.3 Risk Weighted Assets 1,2,4 452.8 451.1 439.8 Total Loss Absorbing Capacity 1,2, 128.8 127.8 134.2 Leverage Exposures Average Common Equity Average Tangible Common Equity 1,388.8 1,530.1 1,551.3 64.9 67.6 68.5 52.0 54.3 55.3 Liquidity Metrics Liquidity Coverage Ratio7 Net Stable Funding Ratio8 High Quality Liquid Assets 122% 131% 133% 109% 111% 114% 211.1 252.3 264.0 Loan-To-Deposit Ratio 6,9 115% 115% 114% Wholesale Funding/Total Assets (Spot) 21.2% 22.7% 21.8% Average Total Earning Assets 1,183.8 1,279.2 1,292.4 Average Net Loans and Acceptances Average Deposits 10 725.7 629.6 783.2 679.1 779.9 684.6 Regulatory ratios and amounts reported as at Q3 2023 and Q2 2023 are under Revised Basel III requirements and are not directly comparable to ratios and amounts reported in Q4 2022 Q3 2023 and Q2 2023 regulatory capital ratios are based on Revised Basel III requirements as determined in accordance with OSFI Guideline - Capital Adequacy Requirements (February 2023). Prior year regulatory capital ratios were prepared in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018) This measure has been disclosed in this document in accordance with OSFI Guideline - Total Loss Absorbing Capacity (September 2018) As at July 31, 2023, CET1, Tier 1, Total Capital and TLAC RWA include a Basel III floor adjustment of $1.4 billion (April 30, 2023 - $8.2 billion and as at October 31, 2022, the Bank did not have a regulatory capital floor add- on for CET1, Tier 1, Total Capital and TLAC RWA) Q3 2023 and Q2 2023 leverage ratios are based on Revised Basel III requirements as determined in accordance with OSFI Guideline - Leverage Requirements (February 2023). Prior year leverage ratios were prepared in accordance with OSFI Guideline - Leverage Requirements (November 2018) Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Liquidity Coverage Ratio (April 2015) This measure has been disclosed in this document in accordance with OSFI Guideline - Net Stable Funding Ratio Disclosure Requirements (January 2021) This metric is calculated using Average Total Loans to Customers/Total Deposits of Canadian Banking, International Banking (Reported FX), Global Wealth Management, and Global Banking and Markets Business line deposits excluding Group Treasury wholesale funding. Includes wholesale funding in International Banking and Global Banking and Markets 12#13Scotiabank in the Pacific Alliance¹ Q3/232 Mexico Peru Chile Colombia Scotiabank Market Share3,4 7.6% 16.1% 14.5% 5.0% Pacific Alliance Total/Average 10.2% Market Share Ranking3,4 5th 3rd 3rd 6th n.a. Average Total Loans ($Bn)7 $45.1 $23.2 $57.2 $12.4 $137.9 Revenue ($Bn) $0.7 $0.4 $0.6 $0.3 $2.0 Net Income after NCI ($MM)7 $234 $97 $150 ($2) $479 ROE2,8 25.0% 15.2% 9.7% (0.7%) 13.9% # of Employees 8,813 8,940 7,351 5,292 30,396 AVERAGE DEPOSIT 2,7,8 AVERAGE LOAN 2,7,8 PRODUCTIVITY RATIO 2,5 PTPP 2,7,8 7% 5% +10% Y/Y Y/Y 70% Y/Y 96 96 138 138 68% 1,081 132 987 1,021 90 13 12 63% 95 10 9 72 12 75 10 26 25 344 367 24 51% 348 57 57 50% 54 47% 16 16 17 43% 230 41% 43% 228 253 24 23 23 23 39 44 45 40% 39% 41% 336 351 389 42 45 45 Q3/22 Q2/23 Q3/23 Q3/22 Q2/23 Q3/23 Q3/22 Q2/23 Q3/23 Q3/22 Q2/23 Q3/23 Mexico Peru Chile Colombia 1Figures excluding Wealth Management; 2 Dollar amounts and growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Ranking based on publicly traded banks by total loans market share; 4 As of June 2023, except Colombia as of April 2023; 5 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 6 Employees are reported on a full-time equivalent basis; 7 May not add due to 13 rounding; 8 See non-GAAP reconciliations beginning on slide 83#14Digital Progress: All-Bank Canada: Progress across all key metrics as customer adoption of Digital continues. Pacific Alliance: Continued digital progress with steady increase in digital and mobile customers across all countries. DIGITAL ADOPTION (%) +6% ACTIVE 7,524 8,073 8,733 8,551 9,045 6,316 DIGITAL USERS +220 bps ( %23' 0 0 0 ) +43% 56% 59% 58% 61% 50% 2019 2020 2021 2022 Q3/22 Q3/23 43% +1,760 bps +9% 2019 2020 2021 2022 Q3/22 Q3/23 ACTIVE 6,727 7,496 7,938 7,283 5,903 DIGITAL SALES (%) MOBILE USERS ( %23' 0 0 0 ) 1 4,513 +410 bps +76% 2019 2020 2021 2022 Q3/22 Q3/23 +110 bps 50% 50% 54% 42% 36% 28% +2,590 bps SELF-SERVE TRANSACTIONS (%) 89% 92% 92% 92% 93% 81% +1,210 bps 2019 2020 2021 2022 Q3/22 Q3/23 2019 2020 2021 2022 Q3/22 Q3/23 Definitions Digital Sales (% of retail unit sales using Digital platforms, excluding auto, broker originated mortgages and mutual funds) Digital Adoption (% of customers with Digital login (90 days) / Total addressable Customer Base) Digital Users: # of customers who logged into website and / or mobile in the last 90 days Mobile Users: # of customers who logged into mobile in the last 90 days Self-serve Transactions: % of Financial transactions through Digital, ABM, IVR 12019 uses historical estimation based on available mobile user data for Colombia and Chile 14#15Digital Progress: Canada DIGITAL ADOPTION (%) +8% ACTIVE 3,599 3,847 4,071 4,368 4,272 4,598 +170 bps DIGITAL USERS ( %23'000) +28% 55% 59% 61% 60% 62% 50% +1,180 bps 2019 2020 2021 2022 Q3/22 Q3/23 +12% 2019 2020 2021 2022 Q3/22 Q3/23 ACTIVE 3,073 3,393 3,704 3,583 3,994 DIGITAL SALES (%) MOBILE USERS ( %23' 0 0 0 ) 1 2,666 +50% 2019 +220 bps 2020 2021 2022 Q3/22 Q3/23 28% 30% 27% 26% 23% +350 bps 16% +60 bps SELF-SERVE TRANSACTIONS 87% 92% 93% 93% 93% 94% +650 bps (%) 2 2019 2020 2021 2022 Q3/22 Q3/23 2019 2020 2021 2022 Q3/22 Q3/23 Definitions Digital Sales (% of retail unit sales using Digital platforms, excluding auto, broker originated mortgages and mutual funds) Digital Adoption (% of customers with Digital login (90 days) / Total addressable Customer Base) Digital Users: # of customers who logged into website and / or mobile in the last 90 days Mobile Users: # of customers who logged into mobile in the last 90 days Self-serve Transactions: % of Financial transactions through Digital, ABM, IVR 15 15#16Digital Progress: Pacific Alliance +4% DIGITAL ADOPTION (%) 3,677 4,002 4,365 4,280 4,447 ACTIVE 2,717 +260 bps DIGITAL USERS ( %23'000) 58% 53% 57% 59% +64% 2019 2020 2021 2022 Q3/22 Q3/23 46% 35% +2,430 bps +7% 3,334 3,793 3,944 3,701 2019 2020 2021 2022 Q3/22 Q3/23 ACTIVE 2,830 DIGITAL SALES (%) MOBILE ( %23' 0 0 0 ) 1 USERS 1,847 +114% 2019 2020 2021 2022 Q3/22 Q3/23 +700 bps +160 bps 68% 72% 65% 55% 51% +4,330 bps 29% 87% 90% 91% 91% 93% 75% SELF-SERVE TRANSACTIONS +1,780 bps (%) 2019 2020 2021 2022 Q3/22 Q3/23 2019 2020 2021 2022 Q3/22 Q3/23 Definitions Digital Sales (% of retail unit sales using Digital platforms, excluding auto, broker originated mortgages and mutual funds) Digital Adoption (% of customers with Digital login (90 days) / Total addressable Customer Base) Digital Users: # of customers who logged into website and / or mobile in the last 90 days Mobile Users: # of customers who logged into mobile in the last 90 days Self-serve Transactions: % of Financial transactions through Digital, ABM, IVR 12019 uses historical estimation based on available mobile user data for Colombia and Chile 16 16#17• Technology Strategy D HM $ Develop uniform, secure, and differentiated customer and employee experiences Invest in leading technology products to achieve business goals, drive innovation, and enable business transformation Drive efficiencies and accelerate revenue growth by streamlining, automating, and digitizing how we deliver at scale • Further enhance cybersecurity and stability/resiliency capabilities to continually earn our customers' trust • Modernize core platforms to enhance quality, reduce time to market and lower delivery cost INVESTMENTS IN TECHNOLOGY 13.2% 11.6% 11.8% Tech expense Modern, reusable products, services and platforms as % of revenue • Modern ways of working - agile and cloud first • Advanced analytics to power customer insights • $4,146 $3,708 $3,348 Tech expense (in $millions) End-to-end digitization and intelligent operations Security and stability by design 2018 2020 2022 17#18• Fintech Strategy EMBRACING FINTECH Scotiabank has embraced fintech and technology start-ups, acting as an advisor, partner, investor and customer The key objectives of Scotiabank's fintech strategy are: o Identify innovative companies, trends and business models early o Test, learn and implement fintech innovations o Drive an innovation culture at the Bank m PARTNERSHIP APPROACH Scotiabank partners with VCs to amplify our relevance and reach in the global ecosystem, enabling earlier and faster access to innovative companies Canada High-growth enterprise software firms in analytics, machine learning and enterprise software Israel High growth tech companies in fintech and cybersecurity Latam Early-stage start-ups in digital banking and fintech SAMPLE FOCUS AREAS • Channel Engagement • Advanced Robotic Process Automation • Accessibility • • Natural language processing Machine-learning modelling • IT Modernization • Personal financial management • Fraud • Customer experience and self- • Anti-Money Laundering service SAMPLE PARTNERSHIPS A platform utilized to accelerate identification, classification and management of data on our systems gog A digital engagement platform to interact remotely with clients through multi- functionality A platform that enables complex automation, allowing for digitization and categorization of data elements requiring judgements 18#19ESG Highlights from 2022 ESG Report and Q3 Update ENVIRONMENT • Mobilized $96 billion since November 1, 2018, • • towards our target of $350 billion in climate- related finance by 2030. Outlined efforts addressing our climate objectives and the Bank's net-zero transition plan activities, providing reporting for 2030 net-zero emissions reduction targets for two sectors. Achieved 29% reduction of Scope 1 and 2 greenhouse gas (GHG) emissions in our own operations (from 2016 levels) against our target of 35% reduction by 2030. $35.3 billion of sustainable finance activity, including green, social, sustainability and sustainability-linked bonds, loans and M&A advisory services. Invested $73.5 million since 2018 in initiatives to reduce energy consumption and improve energy efficiency across the Bank's footprint. • 2022 ESG REPORT SOCIAL Contributed $91 million to communities through donations, community sponsorships, employee volunteering and other community investments. $60 million of our community spend was distributed through Scotia RISE in the first two years across 200 organizations, progressing towards our goal of $500 million over 10 years. Ranked one of the top 25 World's Best Workplaces by Great Place to Work® - the only bank and the only Canadian headquartered company. Introduced a new goal to increase representation in Canada of employees who identify as lesbian, gay, bisexual or another diverse sexual orientation to 7% or greater by 2025. Deployed $5.6 billion in capital through The Scotiabank Women InitiativeⓇ in Canada. The program is also active in Jamaica, Chile, Costa Rica and Peru. Q3 2023 Awarded five 2023 Sustainable Finance Awards by Global Finance, including a global award for Outstanding Leadership in Sustainability Transparency for the third year in a row. Recognized for transforming businesses through innovative digital solutions, winning a 2023 Digital Transformation Award for the development of an Al- powered customer chatbot. • • GOVERNANCE Employee engagement continues to be strong at 87%, ahead of financial sector industry averages. Ninety-two percent of employees report they take pride in working for Scotiabank. Enhanced our enterprise-wide Risk Management Framework, expanding our principal risk definition from environmental risk to ESG risk and established an ESG performance metric as a risk appetite metric. Linked ESG performance, including progress on our climate commitments, to all Bank performance pay. Launched our Ethics Assistant - Trusted A/ tool to enhance the Bank's investments in data and analytics related to new Al and machine learning projects and published our Data Ethics Principles. Released Scotiabank's inaugural Accessibility Plan, outlining the Bank's commitment to identifying, preventing, and removing barriers for persons with disabilities. Launched Global Inclusive Standards of Care, helping to close health gaps for LGBT+ and women employees and further improving health benefits throughout the Bank's footprint by 2030. 2022 6 REPORT 202 2 Scotiabank NET-ZERO 2022 ESG Report, includes update to the Net-Zero Report MSCI ESG RATINGS AAA CCC B BB BBB A AA AAA Net-Zero Pathways Report II Bloomberg CDP Gender Equality DRIVING SUSTAINABLE ECONOMIES Index 2023 Member B Rating The Bank of Nova Scotia Banks Sustainability Yearbook Member S&P Global ESG Score 2022 77/100 As of May 9, 2023. Position and Score are industry specific and reflect exclusion screening criteria. Learn more at spglobal.com/es/yearbook S&P Global Sustainable1 Corporate ESG Performance RATED BY ISS ESG‣ Prime 19#20ESG Spotlight - Retail Banking FOCUS AREAS ย Housing D Green Vehicles ESG Investing RECENT ACHIEVEMENTS Leadership in ESG Education Leadership in ESG Funds Leadership in EV Financing EV Relationships Leadership in Indigenous Financial Services Leadership in Newcomers Banking In 2017, Scotia iTRADE introduced Canada's first sustainable investing tools for direct investors that helps combine financial investments with positive societal impact. The tool continues to see engagement by tens of thousands of self-directed investors looking for ratings and insights on investment opportunities with the companies most closely aligned to the investors' own values and avoid those involved with practices they disagree with • Jarislowsky Fraser was selected as a top investment manager in the Great Canadian ESG Championship FYTD as of July 2023, EV loans represented 17.4% of our total Prime Retail Auto bookings and were 18.4% of the total amount financed. In comparison, EV represented 7.9% of our total Prime Retail Auto bookings and 9.4% of the total amount financed throughout all FY2022 Scotiabank's booking growth for electric vehicles (units) was 133% Y/Y FYTD as of July 2023, compared to the Y/Y growth of 29% in the same period in FY2022 We have an exclusive relationship with Polestar and Rivian as well as a semi-exclusive relationship with Tesla All our automotive manufacturer partners have and will continue to introduce EV vehicles in the months and years ahead Scotiabank's Indigenous Financial Services team is Indigenous-led and comprised of experts in land development both on and off reserve, with vast experience in residential developments and conveyancing The First Nations Leasehold Financing program provides financing options for leasehold interests on First Nations land being developed with residential housing Scotiabank's StartRight® program addresses the unique banking needs of newcomers in Canada The Scotiabank StartRightⓇ permanent resident mortgage program and the Scotiabank Start RightⓇ temporary resident mortgage program help facilitate newcomers' financing of home purchases 20 20#21Business Line Overview Canadian Banking 21 21#22Canadian Banking Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to over 10 million Retail, Small Business and Commercial Banking customers. It serves these customers through its network of 945 branches and 3,706 automated banking machines (ABMS), as well as online, mobile and telephone banking, and specialized sales teams. Canadian Banking also provides an alternative self-directed banking solution to over 2 million Tangerine Bank customers. BUSINESS MIX AS AT Q3/23 Revenue Mix $3.2Bn Business Banking 26% Retail 74% Residential Mortgages 62% Credit Cards 2% Average Loans6 $446.5Bn Other Personal 8% Auto 11% STRATEGIC FOCUS Growing Commercial Banking in select industries (agriculture, healthcare & professionals, real estate and technology) Growing in under-represented provinces (BC and Quebec) FINANCIAL RESULTS ($MM) Business 17% $MM Reported Q3/23 Y/Y Q/Q Net Income¹ $1,062 (12%) REPORTED NET INCOME 1 ($MM) AND NIM 4 (%) Pre-Tax, Pre-Provision Profit² $1,768 2% 5% 2.29% 2.26% 2.26% 2.30% 2.35% Revenue $3,216 3% 3% Expenses $1,448 5% (1%) PCLS $307 227% 41% 1,213 1,170 1,087 1,060 1,062 Productivity Ratio³ 45.0% 60 bps (150 bps) Net Interest Margin4 2.35% 6 bps 5 bps PCL Ratio³ 27 bps 18 bps 7 bps Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 PCL Ratio on Impaired Loans³ 23 bps 10 bps 2 bps MEDIUM-TERM FINANCIAL OBJECTIVES 5 Adjusted4 Net Income¹ $1,063 (13%) Net Income Growth 1,3 5%+ Productivity Ratio³ <44% Positive Pre-Tax, Pre-Provision Profit² Expenses Productivity Ratio $1,769 2% 5% $1,447 5% (1%) 45.0% 80 bps (140 bps) Operating Leverage³ 1 Net income attributed to equity shareholders; 2See non-GAAP reconciliations beginning on slide 83; 3 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 5 3-5 year target from 2020 Investor Day; 6 May not add due to rounding 22#23Canadian Retail Loan Portfolio HIGH QUALITY RESIDENTIAL MORTGAGE PORTFOLIO • 26% insured; remaining 74% uninsured has an LTV of 51%1 . Mortgage business model is "originate to hold" • New originations² in Q3/23 had average uninsured LTV of 58% Majority is freehold properties (84%); condominiums represent approximately 16% of the portfolio • MARKET LEADER IN AUTO LOANS $41.3 billion³ retail auto loan portfolio with 10 OEM relationships (6 exclusive) Prime Auto Loans and Leases (~94%) . Stable lending tenor with contractual terms for new originations averaging 77 months (6.5 years) with projected effective terms of 53 months (4.5 years) RETAIL LOAN BOOK 4,5 Spot Balance as of Q3/23 $381Bn PRUDENT GROWTH IN CREDIT CARDS $8 billion³ credit card portfolio represents ~2% of domestic retail loan book and ~1% of the Bank's total loan book Organic growth strategy focused on payments and deepening relationships with existing customers 4% Unsecured 2% Credit Cards 83% Real Estate Secured Lending 11% Automotive 1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data; 2 New originations defined as newly-originated uninsured residential mortgages and equity lines of credit, which include mortgages for purchases, refinances with a request for additional funds and transfers from other financial institutions; 3 Net of allowance for credit losses; 4 May not add due to rounding; 5 Includes Wealth Management 23 23#24Canadian Residential Mortgages Asset yields on variable rate mortgages reprice with each change to Scotiabank's prime rate in $Bn (Spot Balances) 26% Insured 74% Uninsured Total Portfolio: $294 66% Fixed MORTGAGE PORTFOLIO 1 34% Variable Total Portfolio: $294 Mortgage Portfolio Variable Mortgages Total Outstanding Balance $294 $101 Uninsured Outstanding Balance Average LTV2 $218 $88 51% 59% CANADA UNINSURED MORTGAGE PORTFOLIO 3 FICO Ⓡ DISTRIBUTION - UNINSURED PORTFOLIO 3 Average FICO® Score % of Portfolio Uninsured Canada 801 74% GTA 802 85% GVA 805 86% 7% 5% 2% <620 1 Includes Wealth Management 2 Weighted by mortgage balances and adjusted for property values based on the Teranet - National Bank National Composite House Price Index 3 FICO is a registered trademark of Fair Isaac Corporation 86% 620-680 681-720 >720 24#25Canadian Residential Mortgages in $Bn (Spot Balances) 163.4 22.4 MORTGAGE PORTFOLIO 1, 2. Freehold Condos 84% ($248Bn) Freehold 58.3 141.0 16.3 31.4 19.7 3.6 11.4 9.9 42.0 2.8 0.3 Total Portfolio 1,2 $294Bn 27.8 0.7 Ontario BC & Territories Alberta 16.9 Quebec 11.1 9.2 Atlantic Provinces Manitoba & Saskatchewan % of portfolio 55.6% 19.9% 10.7% 6.6% 3.8% 3.4% 16% ($46Bn) Condos MATURITY SCHEDULE GTA GVA MORTGAGE ORIGINATIONS in $Bn (Spot Balances) 95.5 ■Fixed ■ Variable in $Bn (Spot Balances) Q3/22 Q2/23 Q3/23 36.5 68.8 63.4 6.4 Greater Toronto Area Total Originations 5.8 1.5 2.1 Uninsured LTV3 63% 61% 59% 45.4 34.9-2.1 Greater Vancouver Area 57.0 59.0 24.8 Total Originations 2.3 0.5 0.8 9.6 FY24 32.8 6.6 1.2 5.4 FY23 1Includes Wealth Management 2 Spot Balances at Q3/23, may not add due to rounding Uninsured LTV3 62% 59% 58% 23.4 15.2 FY25 FY26 FY27 FY28+ 3 Average LTV ratios for our uninsured residential mortgages originated during the quarter 25 25#26Automotive Finance . Canada's leader in automotive finance • • HIGHLIGHTS Provide personal and commercial dealer financing solutions, in partnership with ten leading global automotive manufacturers in Canada Average net loans and acceptances increased 7% year-over-year: Personal up 5%, Commercial up 24% AVERAGE NET LOANS AND RELATIONSHIPS ACCEPTANCES (AT Q3/23) Commercial 14% Near-Prime Retail 6% $48.1Bn1 100% Secured Prime Retail 80% Exclusive MAZDA VOLVO POLESTAR RIVIAN JAGUAR/LAND ROVER MITSUBISHI Semi-Exclusive² HYUNDAI STELLANTIS/CHRYSLER GENERAL MOTORS TESLA MARKET SHARE Prime Retail³ Near-Prime Retail4 Commercial Floorplan5 36% 64% 76% 24% 77% AVERAGE NET ASSET GROWTH ($BN) 23% $37.1Bn $44.4Bn 2016 2017 2018 2019 2020 2021 2022 1 May not add due to rounding; 21 to 2 other financial institutions comprise Semi-Exclusive relationships; 3 CBA data as of January 2023, includes RBC, BMO, TD, Scotiabank, CIBC, National Bank; 4 DealerTrack Portal data, includes all Near-Prime Retail providers on Dealer Track Portal, data for July 2023 originations; 5 Includes BMO, CIBC, RBC, Scotiabank, TD, HSBC, Canadian Western Bank, Laurentian Bank, data as of 26 December 2022#27Business Line Overview International Banking 27 27#28International Banking International Banking is a strong and diverse franchise with over 11 million Retail, Corporate, and Commercial customers. The geographical footprint encompasses the Pacific Alliance countries of Mexico, Chile, Peru, and Colombia, as well as Caribbean and Central America and Uruguay. BUSINESS MIX AS AT Q3/23 Asia 1% Revenue Mix $2.8Bn C&CA 21% Auto 1% Business 54% • Credit Latin America 78% Cards 5% Personal Loans 10% Average Loans $178Bn Residential Mortgages 30% $MM Reported STRATEGIC FOCUS Deepening relationships with the Affluent retail segment Continue driving efficiencies and customer experience by leveraging digital FINANCIAL RESULTS ($ MM) Constant dollar basis 1,4 Q3/23 Q3/22 Y/Y1 Q2/23 Q/Q¹ Net Income² $628 $685 (8%) $667 (6%) REPORTED NET INCOME 1,2 ($MM) AND NIM 4,6 (%) 4.08% 3.95% 4.12% 4.10% 4.00% Pre-Tax, Pre-Provision Profit³ Revenue $2,846 Expenses $1,491 $1,355 $1,223 11% $1,314 3% $2,640 8% $2,818 1% $1,417 5% $1,504 (1%) PCLS $516 $356 45% $446 16% 685 703 718 667 628 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Productivity Ratio4 Net Interest Margin PCL Ratio4 PCL Ratio Impaired Loans4 52.4% 53.5% (110 bps) 53.7% (130 bps) 4.10% 3.95% 15 bps 4.12% (2 bps) 118 bps 84 bps 34 bps 103 bps 15 bps 111 bps 68 bps 43 bps 94 bps 17 bps MEDIUM-TERM FINANCIAL OBJECTIVES7 Adjusted 4 Net Income Growth 2,5 Productivity Ratio5 Operating Leverage5 9%+ <50% Positive Net Income² Pre-Tax, Pre-Provision Profit³ Expenses Productivity Ratio $635 $1,365 $1,481 52.0% $693 (8%) $1,233 11% $1,325 $675 (6%) 3% $1,407 5% $1,493 53.2% (120 bps) 53.3% (1%) (130 bps) 1 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics and change in bps are on a reported basis; 2 Net income attributed to equity shareholders, on a constant dollar basis; 3 See non-GAAP reconciliations beginning on slide 83; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 5 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 6 Net interest margin for Q3/22 has been restated to include as a deduction non-interest bearing deposits with banks, to align with the Bank's definition; 73-5 year target from 2020 Investor Day 28#29PAC Fundamentals Driving Growth • • STRONG GOVERNANCE Democratic countries with open economies Independent central banks with inflation-targeting regimes Free trade agreements and free-floating currencies Business-friendly environments • SOUND MACRO ENVIRONMENT Diversified economies with solid underlying economic fundamentals Relatively low debt/GDP ratios compared with OECD and emerging-market economies Increasing adoption of banking services • FAVOURABLE DEMOGRAPHICS Over 230 million people with a median age of 30 years Important exposure to growing Asian markets while maintaining close links to US economy Among the fastest growing smartphone markets in the world Considerable growth in the middle class 29#30Scotiabank in Mexico¹ BUSINESS OVERVIEW 2 Operating since 2003 offering Retail, Small Business, Commercial, GBM, Wealth and Treasury solutions PERFORMANCE EVOLUTION ($MM) 2 1,273 1,346 PTPP4 NIAEH 1,090 865 Q3/23 Customers³ ~2.5MM 683 265 389 336 224 234 Employees³ ~8,800 2020 Branches³ 453 2021 WY/WY 2022 Q3/22 Q3/23 Y/Y Average Loans4 PTPP Growth4 6% 17% 6% (5%) 16% $45Bn NIAEH Growth4 (52%) 158% 27% 8% 5% Average Deposits4 $45Bn Loan Growth 14% (2%) 12% 16% 8% ROE4 25.0% NIM4 4.35% 4.40% 4.14% 4.00% 4.17% Digital Adoption (%) 53% Productivity Ratio 55.0% 50.0% 49.0% 50.5% 47.3% Digital Sales (%) 66% Operating Leverage 1.3% 8.9% 2.2% (6.4%) 8.2% AVERAGE LOAN MIX AS ECONOMIC OUTLOOK 5 AT Q3/236 MARKET SHARE AND POSITIONS (AS OF JUNE 2023)7 2023E 2024E GDP Growth (%) 3.2% 1.6% Corporate/ Commercial 57% Population Growth (%) 0.9% 0.8% CPI (y/y % eop) 4.7% 4.1% $45Bn O Residential Mortgages 34% Total Loans 5th Mortgage 4th Non-mortgage 6th 3% Unsecured Commercial 5th 6% Auto 6% 3% Total Deposits 6th 7% 8% 16% 1 All figures excluding Wealth Management; 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries; 4 See non- GAAP reconciliations beginning on slide 83; 5 Source: Scotiabank Economics. GDP and CPI as at August 11, 2023 forecast; Population Growth: World Economic Outlook Database, April 2023; 6 May not add due to rounding; 7 Key Competitors: BBVA, Banamex Citigroup, Santander, Banorte, HSBC; Source: CNBV/Banxico 30#31Scotiabank in Peru¹ PERFORMANCE EVOLUTION ($ MM) 2 BUSINESS OVERVIEW 2 In Peru since 1997, but officially started operations in 2006. Offers Retail, Small Business, Commercial, GBM, Wealth and Treasury solutions PTPP4 NIAEH 1,288 1,049 934 Q3/23 336 408 Customers³ ~3.7MM 291 228 230 93 97 Employees³ ~8,900 2020 2021 2022 Q3/22 Q3/23 Branches³ 256 WY/WY Y/Y Average Loans4 $23Bn PTPP Growth4 0% (19%) (11%) (18%) 1% NIAEH Growth4 (54%) 15% 22% (15%) 5% Average Deposits4 $16Bn Loan Growth 9% 1% 6% 9% (2%) ROE4 15.2% NIM4,5 5.91% 4.79% 4.41% 4.39% 4.94% Digital Adoption (%) 50% Productivity Ratio 35.3% 38.3% 39.4% 39.9% 42.8% Digital Sales (%) 59% Operating Leverage 0.5% (6.4%) (2.5%) (2.8%) (8.7%) AVERAGE LOAN MIX AS ECONOMIC OUTLOOK 6 AT Q3/237 MARKET SHARE AND POSITIONS (AS OF JUNE 2023) 8 GDP Growth (%) 2023E 1.4% 2024E 2.3% Corporate/ Commercial 54% Population Growth (%) 1.0% CPI (y/y % eop) 5.0% 3.5% $23Bn O Residential Mortgages 17% Total Loans 3rd Mortgage 3rd Non-mortgage 4th 15% Commercial 3rd 16% 16% 18% Unsecured 29% Total Deposits 4th 13% 1 All figures excluding Wealth Management, 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries; 4 See non-GAAP reconciliations beginning on slide 83; 5 NIM WY2020 has been restated; 6 Source: Scotiabank Economics. GDP and CPI as at August 11, 2023 forecast; Population Growth: World Economic Outlook Database, April 2023; 7 May not add due to rounding; 8 Key Competitors: BCP, BBVA, Interbank; Source: ASBANC 31#32Scotiabank in Chile¹ BUSINESS OVERVIEW 2 Operating since 1999, after taking an initial stake in 1990, offering Retail, Small Business, Commercial, GBM, Wealth and Treasury solutions PERFORMANCE EVOLUTION ($MM) 2 Q3/23 Customers³ ~2.8MM 1,369 1,176 PTPP4 NIAEH 1,101 921 597 348 367 301 262 150 Employees³ ~7,400 2020 Branches³ 109 2021 WY/WY 2022 Q3/22 Q3/23 Y/Y Average Loans4 PTPP Growth4 $57Bn 6% 7% 16% 15% 5% NIAEH Growth4 (20%) 98% 54% 66% (43%) Average Deposits4 $25Bn Loan Growth 9% 2% 14% 16% 6% ROE4 9.7% NIM4 2.81% 2.93% 3.20% 3.19% 3.22% Digital Adoption (%) 76% Productivity Ratio 46.6% 43.5% 40.4% 40.7% 40.9% Digital Sales (%) 88% Operating Leverage 3.0% 7.0% 7.0% 3.9% (0.7%) AVERAGE LOAN MIX AS ECONOMIC OUTLOOK 5 AT Q3/236 MARKET SHARE AND POSITIONS (AS OF JUNE 2023)7 2023E GDP Growth (%) (0.8%) 2024E 2.3% Corporate/ Commercial 44% Population Growth (%) CPI (y/y % eop) 1.0% 0.9% 3.7% 3.0% O Residential Mortgages 40% Total Loans 3rd 15% Mortgage 2nd 18% $57Bn Non-mortgage 3rd 14% Commercial 4th 12% Unsecured 17% Total Deposits 4th 11% 1 All figures excluding Wealth Management; 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries; 4 See non-GAAP reconciliations beginning on slide 83; 5 Source: Scotiabank Economics. GDP and CPI as at August 11, 2023 forecast; Population Growth: World Economic Outlook Database, April 2023; 6 May not add due to rounding; 7 Key Competitors: DeChile, Santander, BCI, Itau; Source: Comisión para el Mercado Financiero (CMF) 32 22#33Scotiabank in Colombia¹ BUSINESS OVERVIEW 2 Operating since 2011 offering Retail, Small Business, Commercial, GBM, Wealth and Treasury solutions PERFORMANCE EVOLUTION ($MM) 2 364 338 308 PTPP4 NIAEH Q3/23 75 95 59 41 3 Customers³ ~2.8MM (42) (2) Employees³ ~5,300 2020 2021 2022 Q3/22 Q3/23 Branches³ 112 WY/WY Y/Y Average Loans4 PTPP Growth4 $12Bn (26%) (7%) (9%) (7%) 27% NIAEH Growth 4,5 (148%) 241% (31%) (75%) (175%) Average Deposits4 $9Bn Loan Growth 10% 1% 13% 20% 2% ROE4 (0.7%) NIM4 6.32% 5.62% 4.87% 4.52% 4.26% Digital Adoption (%) 74% Productivity Ratio 64.0% 62.9% 66.8% 68.0% 62.7% Digital Sales (%) 62% Operating Leverage (13.5%) 1.4% (5.8%) (2.2%) 8.4% AVERAGE LOAN MIX AS ECONOMIC OUTLOOK 6 AT Q3/237 MARKET SHARE AND POSITIONS (AS OF APRIL 2023)8 2023E 2024E GDP Growth (%) 1.8% 2.6% Corporate / Commercial 52% Population Growth (%) 1.1% 1.0% CPI (y/y % eop) 8.4% 4.2% O $12Bn Residential Mortgages Total Loans 6th 5% 17% Mortgage 5th Non-mortgage 5th 6% Commercial 6th 4% Unsecured 31% Total Deposits $110 6th 5% 7% 1 All figures excluding Wealth Management; 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries; 4 See non-GAAP reconciliations beginning on slide 83; 52021 WY/WY NIAEH Growth has been restated to align with Bank's methodology; 6 Source: Scotiabank Economics. GDP and CPI as at August 11, 2023 forecast; Population Growth: World Economic Outlook Database, April 2023; 7 May not add due to rounding; 8 Key Competitors: Banco de Bogota, Bancolombia, Davivienda, BBVA, Occidente, Banco Corpbanca; Source: Superfinanciera/Asobancaria 33#34International Banking: CCA¹ FINANCIAL PERFORMANCE AND METRICS ($MM) Reported (Constant Dollar Basis)2,3 Q3/23 Q2/23 Q3/22 Q/Q² Y/Y² As at Q3/23 Revenue $601 $613 $556 (2%) 8% Central America Expenses $339 $340 $337 0% 1% 19% GEOGRAPHIC DISTRIBUTION 7 English Caribbean 65% REVENUE Pre-Tax, Pre-Provision Profit4 $262 $273 $219 (4%) 19% $601MM Provision for Credit Losses $27 $24 $55 9% (51%) Dominican Net Income Attributable to Equity Holders $160 $170 $105 (6%) 52% Republic 15% Net Interest Margin³ 5.81% 6.00% 5.25% (19 bps) 56 bps Risk Adjusted Margin 5 5.44% 5.65% 4.50% (21 bps) 94 bps Return on Equity³ 20.4% 20.9% 12.1% (53 bps) 831 bps Central America 14% Productivity Ratio 56.5% 55.2% 60.5% 130 bps (400 bps) Effective Tax Rate 20.0% 22.0% 20.1% (195 bps) (11 bps) Dominican Republic 9% NIAEH³ English Caribbean 77% $160MM 17.6% 7.9% 4.9% REPORTED RETURN ON EQUITY (%) 26.1% 8.5% 6.0% 52.6% Central America 32% 9.7% 7.9% Q3/23 Central America Dominican Republic 15% AVERAGE EARNING ASSETS $32Bn English Caribbean 53% 2021 English Caribbean 1 All figures exclude wealth management 2022 Dominican Republic 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics and change in bps are on a reported basis 3 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca 4 See non-GAAP reconciliations beginning on slide 83 5 Risk-Adjusted Margin calculated as (Net Interest Income less Provision for Credit Losses) / Average Core Earning Assets. See non-GAAP reconciliations beginning on slide 83 6 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 7 May not add due to rounding 34#35Other Regions CARIBBEAN & CENTRAL AMERICA • Leading Caribbean & Central American franchise • • The franchise offers services and products to support over 1.8MM retail, corporate, commercial, wealth and insurance customers Major markets include the Trinidad & Tobago, Jamaica, Costa Rica, Panama, Dominican Republic and The Bahamas Strong and stable deposit base Leaders in digital banking through innovative use of technology and commitment to continued improvement • • URUGUAY Scotiabank Uruguay is a leading bank among private institutions in the market, offering services and products to support 0.4MM retail, small business and corporate customers Strong and stable deposit base In addition the bank operates Pronto!, a consumer finance business, offering personal loans and credit cards products 1 Based on the most recent available financial statements ASIA China: ~18% interest in Bank of Xi'an The carrying value at Q3/23 is CAD $1,035 MM • Bank of Xi'an reported $129MM of net income for the 3 months ended March 31, 20231, of which Scotiabank's share is 18% 35#36Business Line Global Wealth Overview Management 36#37Global Wealth Management 3rd Largest Wealth Management Business in Canada¹ Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's footprint. Global Wealth Management serves over 2.5 million investment fund and advisory clients across 13 countries - administering over $600 billion in assets. BUSINESS MIX AS AT Q3/23 STRATEGIC FOCUS 14% 10% Revenue $1.3Bn AUM (Spot)² $331Bn 86% 90% International Canada 22% AUA (Spot)² $631Bn 78% • Canada: Maintain momentum leveraging our unique operating model and market leading capabilities International: Follow Scotiabank's footprint, building out Advisory and Asset Management businesses in PAC markets REPORTED NET INCOME 3 ($MM) AND ROE 4 (%) FINANCIAL RESULTS ($MM) $MM, except AUM/AUA Reported Q3/23 Y/Y Q/Q 15.5% 14.8% 15.5% 14.8% 14.9% Net Income³ $366 (3%) 4% Pre-Tax, Pre-Provision Profit5 $493 (4%) 3% Revenue $1,336 2% 3% 376 361 385 353 366 Expenses $843 6% 3% PCLS $2 nmf nmf Productivity Ratio² 63.1% 250 bps 10 bps Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 AUM ($Bn)² $331 4% 1% MEDIUM-TERM FINANCIAL OBJECTIVES AUA ($Bn)² $631 9% 1% Adjusted4 Net Income Growth 2,3 Productivity Ratio² Operating Leverage² 8%+ <65% Positive Net Income³ $373 (3%) 4% Pre-Tax, Pre-Provision Profit 5 $502 (4%) 3% Expenses Productivity Ratio $834 6% 3% 62.4% 250 bps 10 bps 1 Based on Total Net Income for publicly traded banks in Canada for the 3 months ended April 30, 2023; 2 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3 Attributable to equity holders of the bank; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 5 See non-GAAP reconciliations beginning on slide 83 37#38Global Wealth Management #2 in Retail Mutual Fund Assets in Canada¹ • • • Continue product innovation: 2023 PRIORITIES Drive innovation in products to deliver industry-leading investment capabilities and performance through purpose-built solutions for customers across Global Wealth Management's brands and channels Plan-based, holistic advice: Deliver the entire bank to new and existing clients with complex needs through our Total Wealth strategy Invest in digital: Digitally enable sales and advice to support all our distribution channels, including proprietary and 3rd party sales • . Focus on international: Maximize our international footprint by growing the product shelf, and by enhancing internal capabilities in sales and distributions. Invest and grow the International Wealth business by following our retail footprint Enhance our winning team culture: Cultivate a talented, diverse workforce, and foster an environment to keep our customers and employees safe, while delivering outstanding results and client experiences REPORTED PRODUCTIVITY RATIO 62.8% 62.2% IIII SPOT AUM ($BN) SPOT AUA ($BN) +8% CAGR +8% CAGR 631 331 580 311 403 207 2020 2021 2022 FY23 YTD 2017 2022 Q3/23 2017 2022 Q3/23 1 Ranking as at July 31, 2023 38#39Global Wealth Management 3RD LARGEST WEALTH MANAGEMENT BUSINESS IN CANADA¹ CANADA MEXICO CHILE COLOMBIA PERU CCAU ASSET MANAGEMENT A broad range of actively managed investment solutions from our innovative platform Mutual Funds ETFs Pooled Funds Liquid Alternatives Hedge Funds Private Asset Funds Segregated Portfolios Institutional Asset Management WEALTH MANAGEMENT A powerful advisory and distribution network across Canada and Latin America Online Brokerage Retail Bank Branch Network Mobile Advice Team Full-Service Brokerage Private Investment Counsel Private Banking Trust and Philanthropic Services Global Family Office Group 1832 ASSET MANAGEMENT L.P.M JARISLOWSKY MD MD Financial Management Scotia Wealth Management. MD Scotia Funds. Dynamic Funds FRASER 1 Based on Total Net Income for publicly traded banks in Canada for the 6 months ended April 30, 2023 Scotia iTRADE. MD Financial Management Scotiabank® Branch mobile advice team 39#40• • Global Wealth Management Market-Leading Capabilities AWARD-WINNING INVESTMENT MANAGEMENT Scotia Global Asset Management won prestigious awards including 25 Fund Grade A+ Awards and 8 individual Lipper Awards across its Scotia Funds and Dynamic Funds brands for consistent, outstanding, risk-adjusted performance Scotia Asset Management Chile ranked 1st in the annual ranking by El Mercurio Investments in the balanced mutual fund category Scotia Asset Management Chile won Morningstar Award - Best Overall Fund House Award Top 40 Money Managers: JFL is ranked 17th (out of 40) in Canadian Pension Assets, up from 22nd 1 Chile Asset Management received industry accolades, winning three awards "Premios Salmon": - 1st position in aggressive balanced funds 1st position in moderate balanced funds 2nd position in conservative balanced funds INVESTMENT PERFORMANCE HIGHLIGHTS of 1832 Asset Management funds in the top two 64% (2) quartiles over a five-year period • TAILORED ADVICE Scotia Wealth Management recognized as Best Domestic Private Bank in Canada by Euromoney's 2023 Global Private Banking Awards Scotia Wealth Management ranks 3rd among bank-owned brokers in total insurance revenue through Q2 2023 Eight ScotiaMcLeod Advisors were included in The Globe and Mail's ranking of Canada's Top Women Wealth Advisors Trading Central 2023 Digital Wealth Awards: Best Personalized Experience - Scotia iTRADE® tied for 1st place with Merrill Edge, Best ESG Investing - Scotia iTRADE® received 2nd place behind Fidelity Scotia Wealth Management recognized as #1 Best Place to Work in Mexico Scotia Wealth Management 2023 Global Finance Awards: Best Private Bank for Net Worth between $1MM and $24.9MM and Best Private Bank for women clients Scotiabank is the largest Private Investment Counsel Business in Canada on a combined basis with JFL PIC, Scotia PIC and MD PIC with assets over $70.3Bn (Investor Economics December 2022) 1 Source: Benefits Canada, Spring 2023 2 As of July 31, 2023 40 40#41Business Line Global Banking Overview and Markets 41#42Global Banking and Markets Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. GBM is a full-service wholesale bank in the Americas, with operations in over 20 countries, serving clients across Canada, the United States, Latin America, Europe and Asia-Pacific. BUSINESS MIX AS AT Q3/23 Asia 2% Europe 6% US 45% Revenue Mix¹ $1.3Bn Canada 47% Global Equities 19% Business Banking 55% Revenue Mix1 $1.3Bn FICC 26% NET INCOME 2 ($MM) AND ROE 5 (%) STRATEGIC FOCUS Executing a consistent strategy to be a top wholesale Bank in the Americas, that is focused on Client, Product, and Geography Well positioned to leverage the Bank's unique geographic footprint across the Americas to serve it's cross-border clients in Canada, US and LatAm FINANCIAL RESULTS ($MM) 12.9% 13.4% 11.1% 13.2% 10.5% $MM Reported Q3/23 Y/Y Q/Q Net Income² $434 15% 8% 484 519 378 401 434 Pre-Tax, Pre-Provision Profit³ $585 18% (3%) Revenue $1,343 17% (1%) Expenses $758 16% 1% Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 PCLS ($6) nmf nmf MEDIUM-TERM FINANCIAL OBJECTIVES Productivity Ratio4 56.5% (30 bps) 90 bps PCL Ratio4 (2 bps) 3 bps (17 bps) PCL Ratio Impaired Loans4 (3 bps) 3 bps (3 bps) Net Income Growth 2,4 Productivity Ratio4 Operating Leverage4 ~5% ~50% Positive 1 May not add due to rounding; 2 Attributable to equity holders of the Bank; 3 See non-GAAP reconciliations beginning on slide 83; 4 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 5 Refer to non- GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca 42#43GBM in US and Latam DELIVERING THE FULL BANK TO MEET OUR AMERICAS CLIENTS' NEEDS Wholesale bank in the US: Corporate & Investment Banking, Capital Markets, Deposits, and Trade Finance Top 10 Foreign Bank Organization (FBO) in the US Client list focused on S&P 500, investment grade corporates Clients across multiple sectors with focus areas for growth include Consumer / Industrial / Retail (CIR), Technology, and Healthcare US VESTɅ $445,625,000 14,375,000 American Depositary Shares Active Joint Bookrunner June 2023 1 Booked in International Banking Mexico US Q3/23 Latam1 $608 million Revenue $613 million $56 billion Average Loans $62 billion $101 billion Average Deposits $30 billion • $217 million Total NIAT $314 million • 50.9% 4 US Productivity Offices FIBRA PROLOGIS™ $397,525,319 nextracker. $662,475,000 23.3% 8 • Wholesale bank in Latam: Advisory, Financing and Risk Management Solutions, and access to Capital Markets Only full-service Corporate / Commercial Bank with local presence in all Pacific Alliance countries Enhanced connectivity to rest of Americas, Europe and Asia Top tier lending relationships with local and multi-national corporate clients Focused on growth in the Pacific Alliance and modernization of technology platforms US Rexford Industrial $750,600,000 Mexico ESENTIA Energy Systems $1,347,755,000 US FirstEnergy $1,500,000,000 120,750,000 Common Shares Active Joint Bookrunner May 2023 18,150,000 Common Shares Joint Bookrunner June 2023 13,500,000 Common Shares Active Joint Bookrunner May2023 Senior Credit Facilities Bookrunner May 2023 4.000% Convertible Senior Notes Due 2026 Joint Bookrunner May 2023 43#44Risk Overview 44#45Risk Snapshot RWA BREAKDOWN 1,2 CREDIT EXPOSURE BY COUNTRY 3,4 • ■Canada BUSINESS AND GOVERNMENT EXPOSURE BY SECTOR 1, 3, 5 Breakdown of Business and Government loans as a percentage of total loans and acceptances4 ■ U.S. 67% Real estate and construction 8.5% 0% ■ Credit Risk 3% ■Chile $440Bn 86% ■ Operational Risk 3% Wholesale and retail 4.4% 3% $770Bn 11% ■Market Risk 5% ■ Other International ■Mexico Financial services 3.9% ■Floor Adjustment 5% Utilities 3.8% ■ C&CA 7% 9% Other 3.3% ■ Peru ■ Colombia Technology and media 3.2% Agriculture 2.3% CANADIAN AND INTERNATIONAL RETAIL LOANS 1 Automotive 2.1% (Spot Balances) Food and beverage 1.6% Canada International Transportation 1.3% Energy 1.2% Health care 1.0% 73% 6% ■ Secured ■ Secured Sovereign 0.9% $381Bn $81Bn 94% ■ Unsecured ■ Unsecured Mining 0.9% 27% Hospitality and leisure 0.5% Forest products 0.4% Chemicals 0.3% Metals 0.3% 1 As at July 31, 2023; 2 May not add due to rounding; 3% of total loans and acceptances; 4 As at October 31, 2022; 5 See page 18 of the Q3 2023 Financial Supplementary Package 45 45#46Commercial Real Estate Portfolio comprised of Commercial Real Estate, and Construction loans which include project management and trade contractors LOANS OUTSTANDING 1 Q3/22 Q2/23 Q3/23 21.6 26.226.6 Total Portfolio: $66.2Bn Y/Y: +18% Q/Q: -1% 16.1 14.7 13.1 12.4 12.7 10.1 4.3 4.5 4.4 2.9 3.1 3.2 4.3 4.8 4.7 REITS2 Office Retail Other³ Residential/Multi Industrial Family BY GEOGRAPHY US 11% APAC Other 5% 3% BY SEGMENT Retail 5% Other 7% Office 7% • • • HIGHLIGHTS Portfolio exposure remained relatively flat Q/Q as the Bank has been selective in new business opportunities given headwinds faced by the industry Y/Y growth of 18% was primarily from under- supplied sectors (Residential and Industrial), representing 72% of the portfolio Exposure geographically diversified across Canada, PAC, US and other regions, with US exposure largely to investment grade corporate borrowers Industry headwinds continue due to rising interest rate, high inflation and supply constraints which are in part mitigated by long standing relationships to top tier developers with experience managing through cycles Including Office REITs, total exposure to Office subsector was $6.7Bn (10% of portfolio), of which ~2/3rds was investment grade facilities primarily to large, diversified proponents Q3/23 Office (including REITS) Residential Canada $4.4 Bn 66% /Multi PAC 13% Q3/23 $66.2 Bn Canada 68% REITS 19% Q3/23 $66.2 Bn APAC 0.9 14% Family PAC 0.8 11% 40% US 0.3 5% Other 0.3 4% Total $6.7 Bn 100% 1 May not add due to rounding Industrial 22% 2 REITs include REITS-Industrial (7%), REITS-Retail (3%), REITS-Office (3%), REITS-Residential (3%) and REITS-Diversified (3%) 3 Other includes Engineering & Project Management and Trade Contractors 46#47Gross Impaired Loans and Net Write-offs GILS ($MM) AND GIL RATIO1 67 bps 64 bps 60 bps 58 bps 62 bps 65 bps 67 bps 70 bps 5,305 5,487 5,104 4,786 23 4,456 4,435 26 4,264 219 32 231 4,252 32 18 156 18 141 120 19 95 168 27 130 917 1,079 1,157 1,332 941 904 824 771 3,270 3,268 3,240 3,324 3,695 3,866 4,005 4,041 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 NET WRITE-OFFS ($MM) AND NET WRITE-OFFS RATIO 34 bps • 34 bps 29 bps 29 bps 27 bps 25 bps 24 bps 21 bps 656 HIGHLIGHTS GILs increased $182 million Q/Q but remain below pre- pandemic levels driven by new formations in retail and Canadian Commercial partially offset by decrease in Corporate and International Commercial GILS 。 Canadian Banking: Higher Q/Q driven by new retail formations mainly in mortgages, auto and commercial portfolio 。 International Banking: Higher Q/Q driven by new retail formations mostly in Chile and Peru HIGHLIGHTS Net write-offs increased 5 bps Q/Q driven by higher write-offs in International Retail mainly in unsecured portfolios in Chile and Colombia 560 563 552 1 8 1 1 457 462 229 123 3 422 5 385 4 4 3 184 200 139 155 144 132 435 432 371 351 311 274 283 302 (33) (5) Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 International Banking Canadian Banking Global Banking and Markets Global Wealth Management 1 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition the measure. Such explanation is incorporated by reference hereto 47#48Provisions and Allowances TOTAL ACLS1 ($MM) AND ACL RATIO2 86 bps 80 bps 75 bps 72 bps 71 bps 72 bps 75 bps 78 bps 5,931 6,094 5,731 5,583 5,375 5,499 5,668 5,295 33 34 23 31 20 20 28 28 1,530 1,598 1,368 1,326 1,255 1,276 1,368 1,409 1,863 1,723 1,595 1,532 1,528 1,547 1,551 1,590 2,477 2,514 2,505 2,459 2,575 2,681 2,817 2,872 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 ■International Retail ■Canadian Retail ■Business Banking GWM/Other³ TOTAL PCLS ($MM) AND PCL RATIO 4 HIGHLIGHTS Total ACL ratio up 3 bps Q/Q to 78 bps О Performing Allowances are $4.3 billion (+$95MM Q/Q) reflective of ACL build for continued unfavourable macroeconomic and commercial real estate outlook, and portfolio growth Highly secured retail portfolio (94% in Canada and 73% in International) Quality of the business banking portfolio remained stable with continued focus on investment grade clients 22 bps 28 bps 33 bps 37 bps 42 bps • 10 bps 13 bps 13 bps 819 709 638 2 2 529 1 53 307 412 11 15 168 6 218 218 1 222 219 1 163 93 314 274 276 325 355 404 436 516 (96)- (51) (35) (12) (6) (16) (46) (15) (1) Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 ■Canadian Banking ■Global Banking and Markets Q3/23 GWM/Other HIGHLIGHTS Total PCL ratio of 42 bps, up 5 bps Q/Q о Performing PCLs driven by continued unfavourable macroeconomic forecast Impaired PCLs driven by higher formations in Canadian and International Retail International Banking 1 Includes ACLs on off-balance sheet exposures and ACLs on acceptances and other financial assets 2 ACL ratio defined as period end total ACLs (excluding debt securities and deposits with financial institutions) divided by gross loans and acceptances 3 Includes Allowance for credit losses in Other of $6 million (Q2/23: $6 million) 4 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 5 Includes provisions for credit losses in Global Wealth Management of $2 million (Q2/23: $2 million) 40 48#49Canadian Retail: Loans and Provisions' 0 0 MORTGAGES AUTO LOANS 89 18 83 33 63 76 65 63 78 37 41 39 50 4 45 1 0 11 2 31 1 (6) (4) (5) Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 LINES OF CREDIT 2 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 CREDIT CARDS 3 380 357 312 267 268 338 234 244 81 41 48 51 60 82 321 48 36 241 240 246 80 45 56 58 116 28 10 (8) (6) (84) (55) (59) Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 PCL as a % of average net loans (bps)4 Loan Balances Q3/23 Spot ($Bn) % Secured Mortgages $294 100% 1 Includes Wealth Management 2 Includes Home Equity Lines of Credit and Unsecured Lines of Credit Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 PCLs on Impaired Loans as a % of average net loans (bps)4 Auto Loans Lines of Credit² Credit Cards Total 5 $42 100% $35 $8 $381 64% 2% 94%6 3 Excluding one-time impact of fully provisioned write-offs, Q3/22 PCL ratio on impaired loans is 280 bps 4 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 5 Total includes other smaller portfolios 6 83% secured by real estate; 11% secured by automotive 49#50International Retail: Loans and Provisions MEXICO CHILE CARIBBEAN AND CENTRAL AMERICA MARKETS WITH GREATER 173 237 132 212 138 129 201 104 111 103 102 158 139 154 WEIGHTING 122 133 195 133 121 119 109 120 102 98 91 106 TO SECURED 64 72 78 67 65 133 124 73 51 124 148 108 115 95 71 93 45 963 62 39 46 31 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 PERU COLOMBIA 760 MARKETS WITH GREATER 534 WEIGHTING 364 353 375 384 724 318 715 ΤΟ UNSECURED 274 307 302 273 307 264 379 492 502 352 309 329 389 590 645 211 203 451 256 289 304 317 346 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 PCL as a % of average net loans (bps)1 PCLs on Impaired Loans as a % of average net loans (bps)1 Loan Balances Q3/23 Spot ($Bn) % Secured Mexico $19 93% Chile Caribbean & CA Peru Colombia Total² $31 79% $13 76% $11 $6 $81 42% 39% 73% 1 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 2 Total includes other smaller portfolios 3 Includes benefit of loss sharing agreement with partner related to credit card program 50 50#51Treasury and Funding 51#52Highlights STRONG LIQUIDITY, STABLE FUNDING As of July 31, 2023 Strong liquidity well in excess of regulatory requirements 。 LCR1 of 133%, up 2% Q/Q and up 11% Y/Y o HQLA of $264 Bn¹, up $12Bn Q/Q and up $53Bn Y/Y, is substantially comprised of Level 1 assets o Pacific Alliance countries LCRs of 136% - 184% Stability of funding reflected in NSFR² of 114%, up 3% Q/Q and 5% Y/Y • 30.5% TLAC³ is above 24.5% regulatory minimum Stable wholesale funding utilization o Wholesale funding of $304Bn, down $8Bn Q/Q (-$7Bn money market funding and -$1Bn term funding) and up $30Bn Y/Y 。 Wholesale funding / total assets decreased 0.9% Q/Q to 21.8%, from 22.7% o Wholesale funding / total assets remains below pre-pandemic levels 1 This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Liquidity Coverage Ratio (April 2015); 2 This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Net Stable Funding Ratio Disclosure Requirements (January 2021); 3 This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Total Loss Absorbing Capacity (TLAC) (September 2018); 4 Includes deposit by banks, bearer notes, commercial paper, certificates of deposit, asset backed commercial paper and senior notes with an original term of 400 days or less. Prior period amounts have been conformed to current period presentation 52 62#53Funding Strategy DIVERSIFIED FUNDING SOURCES • Increase contribution from customer deposits . • . • Manage prudent level of wholesale funding utilization and TLAC² Maintain balance between efficiency, stability of funding and pricing relative to peers Diversify funding by type, currency, program, tenor and source/market Utilize a centralized (head office managed) funding and associated risk management approach FUNDING PROGRAMS 1 Global Registered Covered Bond Program (uninsured Canadian mortgages) Limit CAD 100 billion US Debt & Equity Shelf (senior/subordinated debt, preferred and common shares) Limit USD 50 billion EMTN Shelf Limit USD 30 billion CAD Debt & Equity Shelf (senior/subordinated debt, preferred and common shares) Limit CAD 15 billion START ABS program (indirect auto loans) Limit CAD 15 billion Australian MTN program Limit AUD 8 billion Singapore MTN program Limit USD 20 billion Halifax ABS program (unsecured lines of credit) Limit - CAD 7 billion Principal at Risk (PAR) Note shelf Limit - CAD 15 billion Trillium ABS program (credit cards) Limit - CAD 5 billion USD Bank CP Program Limit USD 35 billion 1 In addition to the programs listed, there are also USD senior private placements and CD programs in the following currencies: Yankee/USD, EUR, GBP, AUD, HKD; 2 This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Total Loss Absorbing Capacity (TLAC) Requirements (September 2018) 53#54Wholesale Funding WHOLESALE FUNDING MIX 1,6,7 TERM FUNDING MATURITY TABLE Excludes Sub Debt And Mortgage Securitization (Canadian Dollar Equivalent, $Bn) Bearer Deposit Notes, Commercial Paper & Short-Term Certificate of Deposits 27% Asset-Backed Securities 1% Deposits from Banks 2% Asset-Backed Commercial Paper 4% $304Bn Subordinated Debt 4% Mortgage Securitization 7% Senior Notes 14% Bail-Inable Notes 25% Covered Bonds 17% 60 $33 $33 $307 $26 11 4 1 24 21 12 $20 11 22 22 $12 17 6 10 1 10 5 227 27 1 < 1 Year 2 Years 3 Years 4 Years 5 Years >5 Years Senior Debt8 ABS Covered Bonds 1 Excludes repo transactions and bankers' acceptances, which are disclosed in the contractual maturities table in the MD&A of the Interim Consolidated Financial Statements. Amounts are based on remaining term to maturity; 2 Only includes commercial bank deposits raised by Group Treasury; 3 Excludes asset-backed commercial paper (ABCP) issued by certain ABCP conduits that are not consolidated for financial reporting purposes; 4 Represents residential mortgages funded through Canadian Federal Government agency sponsored programs. Funding accessed through such programs does not impact the funding capacity of the Bank in its own name; 5 Although subordinated debentures are a component of regulatory capital, they are included in this table in accordance with EDTF recommended disclosures; 6 As per Wholesale Funding Sources Table in MD&A, Q3/23 Report to Shareholders; 7 May not add due to rounding; 8 Excludes senior notes with an original term of 400 days or less 54#55Strong Deposit Growth REPORTED AVERAGE DEPOSITS BY SEGMENT in $Bn CB IB GBM GWM 679 685 666 624 591 538 328 337 344 308 294 261 Q3/23 REPORTED AVERAGE DEPOSIT MIX Notice²- Business 7% Term³- Business 22% Demand- Personal $685 Bn 119 126 129 107 104 111 Demand- Business 30% 156 170 185 182 179 134 32 37 39 34 34 33 2020 2021 2022 Q1/23 Q2/23 Q3/23 REPORTED AVERAGE DEPOSITS BY BUSINESS LINE - Term Personal 17% in $Bn 2% 2 Notice - Personal 22% CANADIAN BANKING INTERNATIONAL BANKING4 Y/Y Y/Y +11% GLOBAL BANKING AND MARKETS1 Y/Y +5% GLOBAL WEALTH MANAGEMENT +18% 311 337 344 126 129 109 118 122 115 85 87 72 170 182 179 196 219 222 37 41 42 Q3/22 Q2/23 Q3/23 Q3/22 Q2/23 Q3/23 Y/Y -17% 40 34 33 16 16 21 18 17 Q3/22 Q2/23 Q3/23 Q3/22 Q2/23 Personal Q3/23 Non-Personal 19 119 IB (Constant Dollar Basis): +8% Y/Y 1 Deposits demand include all deposits for which we do not have the right to notice of withdrawal, generally chequing accounts 2 Deposits payable after notice include all deposits for which we require notice of withdrawal, generally savings accounts 3 All deposits that mature on a specified date, generally term deposits, guaranteed investments certificates and similar instruments 4 Includes deposits from banks 55#56Q2/20 38.7% Wholesale Funding Utilization WHOLESALE FUNDING / TOTAL ASSETS 22.7% 21.9% 21.6% 20.9% 22.8% 21.3% 21.8% 18.9% 21.2% 17.6% 18.9% 17.1% 17.7% 16.9% Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 27.5% 29.8% 21.8% 31.3% 26.1% Q2/23 Q3/23 • HIGHLIGHTS Wholesale funding utilization continues to be well managed Wholesale funding / total assets remains below pre- pandemic levels MONEY MARKET FUNDING 1/TOTAL WHOLESALE FUNDING HIGHLIGHTS Money Market Funding/Wholesale Funding is in-line with pre-pandemic levels 39.2% 36.3% 37.7% 31.1% 40.7% 37.9% 37.1% 34.7% Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 • Prudent utilization of short-term funding 1 Includes deposit by banks, bearer notes, commercial paper, certificates of deposit, asset backed commercial paper and senior notes with an original term of 400 days or less. Prior period amounts have been conformed to current period presentation 56#57Key Liquidity Metrics LIQUIDITY COVERAGE RATIO (LCR) 1 123% 124% 125% 123% 122% 122% 119% 133% 131% . Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/22 HIGH QUALITY LIQUID ASSETS (HQLA) 2 $264 $252 $230 $214 $211 $213 $205 $195 $198 HIGHLIGHTS Liquidity well in excess of regulatory requirements LCR of 136% - 184% in Pacific Alliance countries HIGHLIGHTS Substantially comprised of Level 1 assets +$12Bn Q/Q and +$53Bn Y/Y Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 NET STABLE FUNDING RATIO (NSFR) 3 HIGHLIGHTS • 114% NSFR is well in excess of 100% regulatory requirement 112% 111% 111% 110% 109% 109% 109% 108% Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 1 This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Liquidity Coverage Ratio (April 2015); 2 In $Bn; 3 This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Net Stable Funding Ratio Disclosure Requirements (January 2021) 57 57#58Appendix 1 Core Markets: Economic Profiles#59Economic Outlook in Core Markets REAL GDP (ANNUAL % CHANGE) Forecast¹ Country 2010-20 Average 2021 2022 2023 2024 Q1 Q2E Q3F Q4F Full Year Full Q1F Q2F Q3F Q4F Year Canada 1.6 5.0 3.4 2.2 1.7 1.4 1.5 1.7 0.6 0.6 0.9 1.6 0.9 U.S.² 1.8 5.9 2.1 1.8 2.6 1.4 0.7 1.6 0.4 00 0.1 0.5 1.0 0.5 Mexico² 1.7 4.7 3.0 3.7 3.7 3.2 2.2 3.2 1.9 19 1.2 1.4 1.9 1.6 Chile² 2.5 11.7 2.4 (0.8) (1.1) (1.0) (0.2) (0.8) 10 1.0 2.4 2.2 3.6 2.3 Peru² 3.1 13.4 2.7 (0.4) (0.5) =1 3.1 3.1 1.4 44 3.3 3.2 1.2 1.7 2.3 Colombia² 2.7 11.0 7.3 3.0 0.3 1.6 2.2 1.8 2.5 2.7 2.4 2.8 2.6 PAC Average 2.5 10.2 3.9 1.4 44 0.6 1.7 17 1 Source: Scotia Economics. US and Canada forecast as at July 20, 2023, Pacific Alliance countries forecast as at August 11, 2023 2 Q2/23 GDP data for US, Mexico, Chile, Peru & Colombia are an advanced estimate as of August 23, 2023 1.8 1.4 2.2 2.4 1.8 2.5 2.2 59#60Pacific Alliance: Economic Outlook and Election Calendar MOST PACIFIC ALLIANCE ECONOMIES ARE RECOVERING 1 120 Real GDP, index Q4-2019-100, 4-qtr. rolling sum 115 110 105 100 95 90 85 2020 2021 2022 Chile Colombia 2023 2024 - Mexico -Peru May-Aug 2023 Chile Peru ELECTIONS IN THE REGION Sep-Dec 2023 Constitutional Referendum December 2023 2024 Mayors and Regional Governors October 2024 No elections are on the calendar until 2026 General Elections (President, 9 States, Congress) June 2024 Mexico Gubernatorial (2 States) June 2023 Colombia Regional & Municipal October 29, 2023 1 Sources: Scotiabank Economics, Haver Analytics. Forecasts for PAC countries as of the August 11, 2023 Scotiabank Economics Latam Weekly 60#61Interest Rate Sensitivity NET INTEREST INCOME SENSITIVITY Impact of an immediate and sustained 100 bps parallel shift on net interest income (NII) over a 12-month period +100 bps: $28 million decrease in NII -100 bps: $4 million increase in NII Above estimates assume a static balance sheet and no management actions¹ Q/Q: Maintained stable sensitivity to protect from rates remaining higher for longer Rate Change by BNS Fiscal Quarters (bps) POLICY RATE CHANGE AND OUTLOOK Policy rate on US Peru 0.25% +300 +125 Mexico 4.75% +450 +125 +75 Colombia 2.50% +850 +175 +50 1.50% +550 +75 +50 +50 • NII benefit if market implied forward rates are realized Chile 2.75% +850 -100 Forecast Policy Rate² -Current- Oct FY YTD Policy Dec Mar Jun Sep Country 31/21 2022 Q1/23 Q2/23 Q3/23 Q4/23 Rate 30/23 29/24 28/24 30/24 Canada 0.25% +350 +75 +50 5.00% 5.00% 5.00% 4.75% 4.25% 5.50% 5.50% 5.50% 5.25% 4.75% 11.25% 11.00% 10.00% 9.25% 8.75% 13.25% 12.25% 10.25% 8.25% 6.75% 7.75% 7.00% 6.50% 6.00% 5.50% 10.25% 7.50% 6.00% 4.00% 4.00% N WA UO HISTORICAL INTEREST RATE ENVIRONMENT AND OUTLOOK 3 Canada & US (%) 13.0 11.0 9.0 7.0 Mexico & Chile (%) 2.0 5.0 1.0 0.0 3.0 Jul-22 Jan-23 Jul-23 BoC Overnight Rate Fed Funds Rate Jan-24 CAD 5-Yr Swap Rate - USD 5-Yr Swap Rate Jul-24 Jul-22 Jan-23 Bank of Mexico Overnight Rate Bank of Chile Monetary Policy Rate Jul-23 Jan-24 MXN 5-Yr Swap Rate CLP 5-Yr Swap Rate Jul-24 1 Additional detail regarding non-trading interest rate sensitivity can be found on page 38 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca 2 Source: Scotia Economics. US and Canada forecast as at July 20, 2023, Pacific Alliance countries forecast as at August 11, 2023 3 As at August 18, 2023 61#62• • Slowing Growth, Nearing End of Policy Tightening Cycle With inflation at or coming down from multi-decade highs in several economies, central banks have significantly increased their policy rates since last year to re-align demand with supply and reduce inflation. While there are increasing signs that some drivers of inflation are slowing with improved supply chain conditions, lower commodity prices and transportation costs, and healthier inventory levels, inflation remains elevated in a broad range of countries as these disinflationary pressures are partly offset by resilient consumption and robust wage growth, consistent with currently tight labour market conditions While we still expect economic growth to slow meaningfully in 2023, the global economy remains resilient to the broad range of headwinds that would normally slow economic activity, including rapid rate hikes and tightened credit conditions. Against this backdrop, inflation is proving sticky over recent months in Canada and the U.S. Many central banks are at the end or nearing the end of their tightening cycles, but cuts to Canadian and U.S. policy rates are unlikely this year and expected in Q2 2024 The Bank of Canada has hiked its policy rate to 5.00% and has an open bias to tightening further conditional upon data, owing to the persistence of inflation and strong wage gains amid low productivity growth. Meanwhile, the Federal Reserve has hiked the upper bound of the Federal Funds rate to 5.50% and indicated that each meeting going forward will be data dependent for whether they hike or hold at this fine-tuning stage of their tightening cycle. The ECB and Bank of England are likely near the end of their current tightening cycles, while the Bank of Japan has widened their tolerance toward a higher 10-year JGB yield ceiling and openness to take additional steps as monitors inflation data. Inflation has eased from recent peaks in most of the Pacific Alliance Countries as central banks have begun to consider how much longer to hold the policy rates unchanged, with both Chile and Brazil's central banks starting to cut their policy rates in July and August respectively. As in many other countries, regional central banks are either done or nearly done raising interest rates and in some cases are pivoting toward modest easing CANADA: BANK OF CANADA POLICY RATE VS HEADLINE INFLATION 1 CANADA UNEMPLOYMENT RATE 1 PAC UNEMPLOYMENT RATES 1 PAC INFLATION 1 9 % 8 7 6 is Headline inflation 5 4 + 3 2 1 16 % forecast 14 12 10 8 6 16 y/y % change 25 25 %, SA 20 Chile Colombia Mexico Peru 12 15 8 10 5 Chile Mexico Colombia Peru Ay 4 0 Policy rate -1 2 0 -4 18 19 20 21 22 23 24 15 16 17 18 19 20 21 22 23 10 11 12 13 14 15 16 17 18 19 20 21 22 23 06070809 10 11 12 13 14 15 16 17 18 19 20 21 22 23 62 1 Sources: Scotiabank Economics, Bank of Canada, Statistics Canada, Haver Analytics.#63% OF GDP Canadian Economy 20.3% Finance, Insurance, & Real Estate CANADIAN GDP BY INDUSTRY GDP 2022: 3.4% GDP 2023F: 1.7% 2.09T CAD2012, SAAR (May 2023) GDP 2024F: 0.9% 12.7% Health & Education 10.3% Wholesale & Retail Trade ANNUAL % CHANGE 3 2 14.7% Other 4.2% Transportation & Warehousing 6.6% Professional, Scientific, & Technical Services 7.0% Public Administration 7.2% Construction 9.5% Manufacturing 7.4% Mining and Oil & Gas Extraction GENERAL GOVERNMENT NET DEBT 2 F 0 -2 2022 2023F -4 -6 163 161 133129 92 95 94 96 99 99 82 83 -8 -10 14 14 45 47 6% 22 REAL GDP GROWTH 1 H 0 U.S. Canada 2010-2019 Eurozone U.K. Japan 2022-2024F Avg. GOVERNMENT FINANCIAL DEFICITS 3 (0.7) (0.4) (2.6) (3.7) (4.3) (4.4) (5.5) (6.3) (6.3) (5.8) (4.9) (5.3) (8.0) (7.8) (3.7) (6.4) -12 CA GE U.K. Adv. Econ. U.S. FR IT JN % OF GDP CA 2022 ■2023F GE Adv. U.S. U.K. FR IT JN Econ. 1 Sources: Scotiabank Economics, Haver Analytics, Statistics Canada. Forecasts as of July 20, 2023; 2 Sources: IMF Apr 2023 Fiscal Monitor. Calendar years shown; 3 Scotiabank Economics, IMF Apr 2023 Fiscal Monitor, CBO. Calendar years shown. 63#64Public Debt Ratios in G7 Markets 300 % of GDP 250 200 150 100 50 G7 GOVERNMENT GROSS DEBT 1 90 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Canada (AAA) France (AA) Germany (AAA) Italy (BBB) Japan (A+) 200 % of GDP 150 100 50 G7 GOVERNMENT NET DEBT1 0 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 Canada (AAA) France (AA) Germany (AAA) - Italy (BBB) 1 Sources: Scotiabank Economics, IMF, Standard & Poor's 24 25 24 UK (AA) 26 27 28 U.S. (AA+) 20 20 21 22 23 24 25 26 27 28 Japan (A+) UK (AA) U.S. (AA+) 64#65Mexican Economy • • • • SOLID MIX OF SECTORS 1 GDP 2022: 3.0% GDP 2023F: 3.2% GDP 2024F: 1.6% Services and consumption are increasingly contributing to the domestic economy's recovery The labour market and remittances are resilient, supporting strong consumption Economic activity has beaten consensus so far this year, which has led to continuous upward revisions of GDP forecasts Although trade has moderated, better than expected U.S. activity has helped exports Nearshoring optimism provides opportunities to specific exports- oriented sectors and regions. Some incipient positive signs in investment are showing up in Q2 CONTRIBUTIONS TO MEXICAN GDP GROWTH 3,4 MEXICAN Q1/23 GDP BY INDUSTRY 2,3 16.4% 6.0% Health & Education Finance, Insurance, & Real Estate 18.7% 14.7% Other 3.3% Natural Resources 6.8% Transportation & Warehousing 2.1% Professional, Scientific, & Technical Services 18.76T, MXN2013 SAAR 3.7% Public Administration Wholesale & Retail Trade 16.4% Manufacturing 5.9% Mining and Oil & Gas Extraction 5.9% Construction TOP TRADING PARTNERS 5 Other* Inventories Government Real GDP Net Exports Investment Consumption 25 y/y % change 20 15 10 5 0 -5 -10 -15 -20 18 19 20 21 22 Others 22% Germany. 2% South Korea 3% Canada 4% China 11% United States 58% 1 Sources: Scotiabank Economics, Bloomberg, as of August 11, 2023; 2 Q2-2023 real GDP growth 3.7% y/y. Industry GDP breakdown is not yet available for Q2-2023; 3 Sources: Scotiabank Economics, Haver Analytics; 4Q2-2023 real GDP growth 3.7% y/y. National accounts breakdown not yet available for Q2-2023; 5 Trade data updated as of Q4-2022 59 65#66Peruvian Economy HIGHLIGHTS 1 PERUVIAN Q2/23 GDP BY INDUSTRY 2 GDP 2022: 2.7% GDP 2023F: 1.4% GDP 2024F: 2.3% 12.0% Manufacturing . Growth to continue to be driven by exports . Inflation is declining in earnest and the reference interest rate should follow suit 12.0% Mining, Oil, & Gas 6.1% 10.8% Construction Economic fundamentals and balances remain strong Wholesale & Retail Trade 142.87B PEN2007 NSA • State management has improved Business confidence is improving slowly in line with a sense of greater political stability, although investment remains low Risk 2024: El Niño extreme weather event 2.0% Electricity & Water 7.2% Other 49.9% Natural Resources CONTRIBUTIONS TO PERUVIAN GDP GROWTH 2 50 y/y % change 40 Net Exports Other 30 Investment 20 Consumption Government Real GDP 10 0 -10 -20 -30 -40 18 20 20 TOP TRADING PARTNERS ³ China 25% 19 21 22 22 1 Sources: Scotiabank Economics, Bloomberg, as of August 23, 2023; 2 Sources: Scotiabank Economics, Haver Analytics; 3 Trade data updated as of Q4-2022 United States 18% Canada 4% Japan Other 46% 4% Brazil 3% 66 99#67Chilean Economy GDP 2022: 2.4% HIGHLIGHTS 1 CHILEAN Q2/23 GDP BY INDUSTRY 2 GDP 2023F: -0.8% GDP 2024F: 2.3% 3.7% 14.8% Finance, Insurance, & Real Estate Natural Resources 9.2% • Advanced economy with wide-ranging trade links Chile's mix of economic activities reflects its status as an advanced OECD economy Chile's diversified trading relationships are supported by 30 free-trade agreements with 70 countries that account for 88% of global GDP Domestic demand is contributing negatively to GDP growth due to weak private consumption and investment. With this, imports are fading and exports remain solid, allowing for a rapid convergence of the current account deficit to a sustainable level. 9.6% Other 1.9% Restaurants & Hotels CONTRIBUTIONS TO CHILEAN GDP GROWTH 2 Net Exports Investment Consumption 40 y/y % change 30 20 10 0 -10 -20 -30 18 Inventories Government Real GDP 50.97T CLP2018 SA 8.7% Transportation & Warehousing 21.6% Housing & Personal Services Wholesale & Retail Trade 9.0% Manufacturing 10.7% Mining and Oil & Gas Extraction 6.0% Construction 4.8% Public Administration TOP TRADING PARTNERS 3 Others 36% South Korea 4% Japan 6% 19 20 21 22 22 1Sources: Scotiabank Economics, Bloomberg, as of August 18, 2023; 2 Sources: Scotiabank Economics, Haver Analytics; 3 Trade data updated as of Q4-2022 China 31% United States 16% Brazil 7% 67 62#68Colombian Economy ECONOMIC ACTIVITY COULD TAKE OFF IN 23 H21 GDP 2022: 7.3% GDP 2023F: 1.8% GDP 2024F: 2.6% COLOMBIAN Q2/23 GDP BY INDUSTRY 2 13.9% Finance, Insurance, & Real Estate 9.6% 4.3% Arts & Entertainment 17.5% Wholesale, Retail Trade, Accommodation & Food Services 11.6% Manufacturing • Economic activity in Q2-2023 posted the slowest annual growth since Q1-2021. However, economic activity in 2023H2 could improve amid lower FX, better public consumption and healthier household financial conditions Inflation reached a peak in March 2023, but remains nearly 4 times the target rate. As inflation is expected to come down, BanRep paused its hiking cycle to the policy rate at 13.25% and is in a cautious wait-and-see mode, while potential rate cuts will strongly depend on inflation's convergence towards target The Government's coalition in Congress has weakened, while the campaign for regional elections on October 29th also reflects weak support for the Government Other 5.8% Natural Resources 3.2% Information & Communication 245.06T COP2015 SWDA 7.0% Professional, Scientific, 6.9% Mining and Oil & Gas Extraction 4.3% Construction CONTRIBUTIONS TO COLOMBIAN GDP GROWTH 2 20 y/y % change 10 10 0 -10 -20 -30 18 Other* Investment Consumption Net Exports Government Real GDP 19 20 21 22 & Technical Services 15.9% Public Administration TOP TRADING PARTNERS 3 United States 25% * Statistical discrepancy, subject to revision 1 Sources: Scotiabank Economics, Bloomberg, as of August 11, 2023; 2 Sources: Scotiabank Economics, Haver Analytics; 3 Trade data updated as of Q4-2022 China 18% Brazil 6% Mexico 5% India 3% Others 43% 68 80#69Appendix 2 Canadian Economic Fundamentals#70120 100 80 140 160 ggggg 공항 GDP TRENDING UPWARD DESPITE STALLING IN Canada: Consumer and Business Activity ㅎㅎㅎ 110 Index, 2019Q4 = 100 105 Jan 13, 2020 forecast 100 95 90 85 80 20 231 80 index, 50 stronger BUSINESS CONFIDENCE - CFIB BUSINESS BAROMETER 2 19Q4 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 index, Feb 2020 levels = 100 21Q4 KEY ECONOMIC INDICATORS 3 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 60 July 20, 2023 forecast 23Q4 24Q1 24Q2 24Q3 24Q4 70 50 40 30 20 865232 Oct-20 Dec-20 Feb-21- Apr-21- Jun-21- Aug-21 Oct-21- Dec-21- Feb-22 Apr-22- Jun-22 Aug-22- Oct-22 Dec-22- Feb-23- Apr-23- Jun-23 - 100 ㅎㅎㅎ 105 110 95 90 85 80 3-month moving average 6-month moving average Avg. 2011-present 11 12 13 14 15 16 17 18 19 20 20 Feb. 2020=100 Auto Sales ⚫Mfg Shipments Exports Housing Starts Retail Sales Employment Manufacturing PMI Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 1 Sources: Scotiabank Economics, Statistics Canada; 2 Sources: Scotiabank Economics, CFIB; 3 Sources: Scotiabank Economics, Bloomberg Dec-20 LABOUR MARKET RECOVERY 1 Feb-21 Apr-21- Jun-21 Aug-21- Oct-21- Dec-21 Feb-22 Apr-22- Jun-22 Aug-22 Oct-22- Headline index T 21 22 23 -6.4K Jobs in Jul. 2023 Dec-22 Feb-23- Apr-23- Jun-23 70 0#71Canada: Demographics and Housing Market POPULATION GROWTH REBOUNDING 1 PERMANENT RESIDENTS DRIVING UP POPULATION2 600 4.0 000s Canada United States annual % change 3.0 Euro Area Japan France United Kingdom 500 Italy 400 Annual Average Immigration 2.0 300 1.0 10 200 0.0 100 -1.0 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Proposed Immigration 70s 80s 90s 00s 17 18 19 20 21 22 23 24 25 CANADIAN RESIDENTIAL HOUSING INVENTORY 3 HOUSING SUPPLY STILL TIGHT IN KEY MARKETS 4 12 months of inventory, SA 10 8 6 4 سه 2 0 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Toronto Vancouver 8 20 runits per 10,000 pop., end of period units per 10,000 pop., end of period Multi-Unit Multi-Unit 16 60 Single-Detached Single-Detached 12 2002-20 average 4 1992-2020 average 8 2 4 92 96 00 04 08 12 16 20 02 04 06 08 10 12 14 16 18 20 1 Sources: Scotiabank Economics, Haver Analytics; 2 Sources: Scotiabank Economics, Statistics Canada, Ministry of Immigration, Refugees & Citizenship Canada; 3 Sources: Scotiabank Economics, Statistics Canada; 4 Sources: Scotiabank Economics, Statistics Canada, CMHC 71#72Canada: Growth in Household Credit HIGHLIGHTS Household credit growth picked up rapidly throughout 2021 and into 2022, peaking at 9.2% y/y in spring 2022 (but lower than its previous 2007 peak of 13.4%). It has since slowed with recent figures at 4.9% y/y for the rolling quarter ending in May 2023. Consumer loans excluding mortgages (i.e., cards, HELOCs, unsecured lines, auto loans, etc.) grew by 3.5% y/y for the rolling quarter ending May 2023. While consumer loan growth has not slowed in line with household credit and residential mortgage growth, signs of potential slowing are emerging as of late. Mortgage credit grew at 5.1% y/y in the rolling quarter ending May 2023 (vs the 2007 peak of 14.0% y/y). Mortgage growth is slowing amidst higher rates. HOUSEHOLD CREDIT GROWTH1 CONSUMER LOAN GROWTH1 MORTGAGE GROWTH 1 16 %, 3-month moving average 16 %, 3-month moving average 14 30 %, 3-month moving average 20 14 61 12 12 10 10 yly% change y/y % change 10 8 8 6 6 -10 4 m/m % change, SA 4 m/m% -20 2 change, SA 2 0 -30 0 01 03 05 07 09 11 13 15 17 19 21 23 01 03 05 07 09 11 13 15 17 19 21 23 1 Sources: Scotiabank Economics, Statistics Canada m/m% y/y% change change, SA T 01 03 05 07 09 11 13 15 17 19 21 23 72 12#73Canada: Housing Finances MORE THAN HALF OF CANADIAN HOUSEHOLDS DON'T HAVE A MORTGAGE OR HELOC 1 5 YEAR MORTGAGE RATES RESETTING HIGHER 50 % of households (2020 est.) 250 5-year difference, basis points forecast* 200 30 40 with HELOC 40 150 11.5 100 30 50 1.9 0 20 20 -50 32.8 29.1 -100 10 10 24.3 -150 -200 0 15 16 17 18 Owned dwelling w/ mortgage Owned dwelling w/o mortgage Rented 19 20 21 22 23 24 *Based on Scotiabank Economics forecast of 5-year government of Canada bond yields and historical spreads between the conventional 5-year mortgage rate and the GoC 5-year bond yield. Sources: Scotiabank Economics, Bank of Canada. HIGHER HOME EQUITY IN CANADA 2 80 81 equity as % of real estate assets CANADIAN MORTGAGE DELINQUENCIES DECLINING 3 10 Official (excl. HELOCs) % of total loans past due three or more months 8 75 70 Cda estimate incl. HELOCs 65 U.S. estimate with NFPS excl. HELOCS 6 60 55 50 8554 45 4 Official FRB with NFPs (incl. HELOCs) 2 40 40 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 U.S. + foreclosures U.S Canada 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 1 Sources: Scotiabank Economics, Mortgage Professionals Canada; 2 Sources: Scotiabank Economics, OSFI, FCAC, Statistics Canada, Federal Reserve Board; 3 Sources: Scotiabank Economics, MBA, CBA. 73#74Canada: Household Finances HOUSEHOLD SAVINGS RATIO CONVERGING TO HOUSEHOLD CREDIT-MARKET DEBT ABOVE PRE- PRE PANDEMIC AVERAGE1 PANDEMIC 2 30 % of disposable income, SAAR 25 20 15 10 5 0 чили -5 60 200 % of disposable income, SAAR 180 160 140 120 100 86 80 Adjusted Canadian Official U.S. -- Official Canadian T 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 RATIO OF HOUSEHOLD ASSETS TO LIABILITIES 750 % 650 550 450 FALLING 3 HOUSEHOLD DEBT-SERVICE RATIOS TEMPERED 1 16 % of disposable income, SAAR Canada 12 U.S. 8 Debt service ratio (interest only) 4 Debt service ratio (principal and interest) Debt service ratio (principal only) 350 0 T 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 92 94 96 98 00 02 04 06 08 10 12 14 16 18 20 22 1 Sources: Scotiabank Economics, Statistics Canada; 2 Sources: Scotiabank Economics, Statistics Canada, BEA, Federal Reserve Board; 3 Sources: Statistics Canada, Federal Reserve Board 74#75Appendix 3 Bail-in and TLAC#76Canadian Bail-in Regulations: Key Features BEST IN CLASS APPROACH Post September 23, 2018, senior unsecured debt issued by Canadian DSIBS that is subject to bail-in is the only format of issuance available¹ and is a single class of debt2 that is not subordinated to another class of wholesale senior debt • Canadian bank term senior unsecured debt is not structurally, statutorily or contractually subordinated to another class of senior liabilities and therefore ranks equally to deposits and other senior liabilities in liquidation • Canada utilizes a statutory bail-in regime where, unlike the contractual regime of Canadian NVCC capital instruments, bail-in conversion terms are not prescribed. CDIC retains flexibility to exercise the bail-in power in a manner that is appropriate given the circumstances at the time and subject to certain parameters • In the remote event of non-viability, the no creditor worse off principle ensures that bailed-in senior creditors do not incur greater losses through resolution than liquidation. The CDIC compensation regime floors recovery at the liquidation value • The bail-in regime provides for a relative hierarchy of claims. Creditors receive common shares in accordance with their relative rankings 1 Excludes structured notes as defined in section 2(6) of the Bank Recapitalization (Bail-in) Conversion Regulations under the CDIC Act; 2 Ranks pari passu with other forms of senior debt, except as otherwise prescribed by law and subject to the exercise of bank resolution powers 70 76#77Canadian Bail-in Regulations: Jurisdictional Comparison Best in class approach K Instrument type Opco senior Holdco senior Holdco senior¹ Holdco senior Opco non- preferred senior Ranking in Liquidation Pari passu with deposits and other senior liabilities Structural subordination² Structural subordination² Structural subordination² Contractual subordination² Senior Deposits Other senior liabilities debt subject to Subordination schematic bail-in Depositor preference Participation in equity post resolution Acceleration rights upon failure to pay principal and interest Capital Deposits Opco senior / senior preferred / other senior liabilities Holdco senior / senior non-preferred Capital No Yes Yes Yes Yes Conversion to equity of the bank or an affiliate allows participation in the upside, if any³ N/A4 Uncertain given possibility of writedown Uncertain given possibility of writedown Uncertain given possibility of writedown Yes Yes Yes Yes No 5 1Applicable in practice for G-SIBs' issuance of non-capital bail-in debt; 2 Approach applicable to G-SIBS in relevant jurisdictions. Additionally, Switzerland uses structural subordination, Germany uses statutory subordination, Spain uses contractual subordination; 3 Assuming only bail-in is triggered. If other resolution powers are exercised, debt holders could be exposed to losses in a manner similar to a write-down of their claims; 4 No bail-in power. In resolution, debtholders could potentially receive partial recoveries (analogous to a write-down) or have their claims satisfied through the issuance of new securities (analogous to a bail-in conversion); 5 The terms of senior non-preferred do not include acceleration rights upon failure to pay principal and interest; however, there is no statutory restriction in this regard. Once resolution proceedings are underway, holders may declare an event of default for failure to meet payment obligations 77#78Summary of Bail-in / TLAC Regime Scope Scope of bail-in instruments Liabilities excluded from bail-in TLAC compliance date TLAC requirement TLAC eligibility Grandfathering Sequencing and preconditions Form of bail-in DSIB disclosure requirements OSFI designated DSIBS Senior unsecured debt that is tradeable and transferable, original term >400 days, unsecured and issued, originated or renegotiated after September 23, 2018 Insured deposits, uninsured deposits, debt with original term < 400 days, ABS / covered bonds, structured notes², derivative liabilities, other liabilities November 1, 2021 24.5% minimum risk-based TLAC ratio as of February 1, 2023 (21.5% plus a 3% Domestic Stability Buffer)5 7.25% minimum TLAC leverage ratio Regulatory capital³ + bail-in debt with remaining term to maturity > 1 year4 All senior instruments issued prior to September 23, 2018, are not subject to bail-in unless renegotiated 1. Federal authorities bring bank into resolution 2. Full conversion of bank's NVCC instruments must occur prior to or concurrently with bail-in Equity conversion . • Include disclosure related to the conversion power in any agreement governing an eligible liability as well as any accompanying offering document Include a clause in the contractual provisions governing any eligible liability through which investors provide express submission to the Canadian bail-in regime TLAC and TLAC leverage ratios are disclosed in the Bank's Quarterly Report and Supplementary Regulatory Capital Disclosures HIGHLIGHTS Bail-in is not the only path in Canada to resolve a failing bank. Canadian authorities retain full discretion to use other powers including "vesting order", "receivership order”, “bridge bank resolution order”, etc. Equity conversion under the Canadian bail-in regime has the potential to result in realizable value in excess of principal amount 1 Yankee CD's with original term > 400 days are in-scope of bail-in; 2 As per definition of structured notes in section 2(6) of the Bank Recapitalization (Bail-in) Conversion Regulations under the CDIC Act; 3 Adjusted to fully include subordinated debentures with a remaining term of one to five years; 4 Provided such bail-in debt meets certain other requirements; 5 On June 20, 2023, OSFI announced that the Domestic Stability Buffer would increase to 3.5% effective November 1, 2023, resulting in the minimum risk-based TLAC ratio requirement increasing to 25% as of the same date 78#79Appendix 4 Covered Bonds#80Global Registered Covered Bond Program • • HIGHLIGHTS Able to issue across multiple currencies such as CAD, USD, EUR, GBP, AUD, CHF and NOK CAD$59.4 billion outstanding1 vs. $100 billion program size² • Extensive regulatory oversight and pool audit requirements • Mandatory property value indexation • CMHC prescribed disclosure requirements • Program carries the ECBC Covered Bond Label Issuer Guarantor Guarantee Status Program Size Ratings Cover Pool Asset Percentage Law Issuance Format The Bank of Nova Scotia Scotiabank Covered Bond Guarantor Limited Partnership Payments of interest and principal in respect of the covered bonds are irrevocably guaranteed by the Guarantor. The obligations under the Covered Bond Guarantee constitute direct obligations of the Issuer and are secured by the assets of the Guarantor, including the Portfolio. The covered bonds will constitute legal, valid and binding direct, unconditional, unsubordinated and unsecured obligations of the Bank and will rank pari passu with all deposit liabilities of the Bank without any preference among themselves and at least pari passu with all other unsubordinated and unsecured obligations of the Bank, present and future. CAD $100 billion² Aaa/AAA/AAA (Moody's / Fitch / DBRS) First lien uninsured Canadian residential mortgage loans with LTV limit of 80% 94.8% Ontario, Canada 144A/Reg S (UKLA Listed) 1 As at July 31, 2023, based on foreign exchange at time of issuance; 2 Effective April 6, 2021, OSFI limit for issuance is 5.5% of Total Assets 80#81Global Registered Covered Bond Program' LOAN-TO-VALUE RATIOS2 CREDIT SCORES 3 38% 73% 24% 26% 15% 8% 8% 5% <1% 1% 3% 0-20% 20-40% 40-60% 60-80% 80+% <599 600-650 651-700 701-750 751-800 800+ REMAINING TERM DISTRIBUTION (MONTHS) 32% 20% 10% 17% 13% 8% <12 12-23.99 24-35.99 36-41.99 42-47.99 48+ PROVINCIAL DISTRIBUTION Alberta 9.6% Saskatchewan 2.1% Manitoba 1.2% $103Bn British Columbia 20.1% Territories 0.2% Newfoundland 1.2% New Brunswick 1.0% P.E.I. 0.3% Nova Scotia 2.1% Québec 4.7% Ontario 57.8% 1 As at July 31, 2023. Distribution presented is based on Principal Balance. Charts may not add due to rounding; 2 Uses indexation methodology as outlined in Footnote 1 on page 3 of the Scotiabank Global Registered Covered Bond Monthly Investor Report; 3 Excludes unavailable credit scores 81#82Canadian Legislative Covered Bonds CMHC REGISTERED Canadian Registered Covered Bond Programs' Legal Framework (Canadian National Housing Act) Canadian Registered Covered Bond Programs Guide issued by Canada Mortgage and Housing Corporation (CMHC) Issuance Framework • Eligible Assets . Uninsured loans secured by residential property in Canada Mortgage LTV Limits Basis for Valuation of Mortgage Collateral Substitute Assets Substitute Assets Limitation • • LTV limit of 80% Issuers are required to index the value of the property underlying mortgage loans in the covered pool while performing various tests Securities issued by the Government of Canada Repos of Government of Canada securities having terms acceptable to CMHC 10% of the aggregate value of (a) the loans (b) any Substitute Assets and (c) all cash held by the Guarantor ⚫ The cash assets of the Guarantor cannot exceed the Guarantor's payment obligations for the immediately succeeding six months • Amortization Test • Overcollateralization Cash Restriction • Coverage Test Asset coverage Test Credit Enhancement • Covered bond swap, forward starting Swaps • Interest rate swap, forward starting • Valuation calculation • Reserve Fund Market Risk Reporting Covered Bond Supervisory Body Requirement to Register Issuer and Program • Mandatory property value indexation • CMHC • Yes; prior to first issuance of the covered bond program • Monthly investor report with prescribed disclosure requirements set out by CMHC Investor reports must be posted on the program website Registry • Yes Disclosure Requirements • 82 82#83Appendix 5 Reconciliation for non-GAAP Financial Measures#84Reconciliation for non-GAAP Financial Measures Pre-Tax, Pre-Provision Profit ($MM) Business Line Pre-tax, pre-provision profit Q3/22 Revenue All-Bank Expenses Pre-tax, pre-provision profit Reported Basis Q2/23 Q3/23 7,799 7,929 8,090 4,191 4,576 4,562 3,608 3,353 3,528 Adjusted Basis¹ Q3/22 Q2/23 Q3/23 7,799 7,929 8,090 4,167 4,555 4,542 3,632 3,374 3,548 Revenue 3,119 3,134 3,216 3,119 3,134 3,216 Canadian Banking Expenses 1,385 1,457 1,448 1,380 1,456 1,447 Pre-tax, pre-provision profit 1,734 1,677 1,768 1,739 1,678 1,769 Revenue 2,419 2,752 2,846 2,419 2,752 2,846 International Banking Expenses 1,295 1,479 1,491 1,285 1,468 1,481 Pre-tax, pre-provision profit 1,124 1,273 1,355 1,134 1,284 1,365 Revenue 1,312 1,300 1,336 1,312 1,300 1,336 Global Wealth Management Expenses 796 818 843 787 809 834 Pre-tax, pre-provision profit 516 482 493 525 491 502 Revenue 1,152 1,352 1,343 Global Banking and Markets Expenses 655 752 758 Pre-tax, pre-provision profit 497 600 585 Revenue 1,662 1,918 2,017 Pacific Alliance Expenses 793 915 936 Pre-tax, pre-provision profit 869 1,003 1,081 Caribbean and Revenue Expenses 528 623 601 320 344 339 Central America Pre-tax, pre-provision profit 208 279 262 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca - 84#85Reconciliation for non-GAAP Financial Measures Pre-Tax, Pre-Provision Profit (Constant dollar) ($MM) Business Line International Banking (Constant Dollar Basis) Pre-tax, pre-provision profit Revenue Expenses Pre-tax, pre-provision profit Reported Basis Q3/22 Q2/23 Q3/23 2,640 2,818 2,846 1,417 1,504 1,491 1,223 1,314 1,355 Pacific Alliance Revenue 1,877 1,965 2,017 (Constant Dollar Basis) Expenses 890 944 936 Pre-tax, pre-provision profit 987 1,021 1,081 Caribbean and Central America (Constant Dollar Basis) Revenue Expenses 556 613 601 337 340 339 Pre-tax, pre-provision profit 219 273 262 Adjusted Basis¹ Q3/22 Q2/23 Q3/23 2,640 2,818 2,846 1,407 1,493 1,481 1,233 1,325 1,365 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca 85#86Reconciliation for non-GAAP Financial Measures International Banking: Return on Equity, PCLS Reported Basis ($MM) ($MM) Return on Equity FY21 FY22 Q3/23 Return on Equity FY21 Reported Basis FY22 Q3/23 English Caribbean Dominican Republic Net Income Attributable to Common 204 298 135 Shareholders Net Income Attributable to Common Shareholders 50 57 16 Total average common equity Return on Equity 1,158 1,141 1,015 17.6% 26.1% 52.6% Total average common equity 628 671 653 Return on Equity 7.9% 8.5% 9.7% ($MM) Reported Basis ($MM) Return on Equity FY21 FY22 Q3/23 Return on Equity Reported Basis Q3/22 Q2/23 Q3/23 Central America Caribbean and Central America Net Income Attributable to Common 67 83 26 Shareholders Net Income Attributable to Common Shareholders 101 Total average common equity Return on Equity 1,368 1,379 1,327 4.9% 6.0% 7.9% Total average common equity Return on Equity 172 3,319 3,376 3,105 12.1% 20.9% 20.4% 160 ($ MM) Reported Basis Q3/23 Return on Equity Mexico Peru Chile Colombia Pacific Alliance² Net Income Attributable to Common Shareholders 234 97 150 (2) 478 Total average common equity Return on Equity 3,711 2,528 25.0% 15.2% 6,118 9.7% 1,276 13,633 (0.7%) 13.9% ($MM) PCLs Caribbean and Central America Reported Basis Q3/22 Q2/23 Q3/23 51 25 27 55 Constant Dollar Basis¹ Q3/22 Q2/23 Q3/23 24 27 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 2 Countries may not add due to rounding 86 98#87Reconciliation for non-GAAP Financial Measures Caribbean and Central America: NIM and Risk Adjusted Margin ($MM) Average total assets¹ Less: Non-earning assets Average total earning assets¹ Caribbean and Central America Q3/22 Q4/22 33,219 2,656 30,563 Q1/23 Q2/23 34,522 35,124 35,372 2,611 2,662 2,547 31,911 32,462 32,825 Q3/23 34,829 2,550 32,279 Less: Trading Assets 12 14 16 16 14 Securities purchased under resale agreements and securities borrowed 70 81 109 117 134 Other deductions 3,534 3,550 3,566 3,267 3,358 (A) Average core earning assets¹ 26,947 28,266 28,771 29,425 28,773 Net Interest Income 357 401 412 430 421 Less: Non-core net interest income (B) Core Net Interest Income Less: Provision for credit losses 357 401 412 430 421 51 43 35 25 27 (C) Risk Adjusted Net interest income on core earning assets 306 358 377 405 394 Net Interest Margin (B/A) 5.25% 5.63% 5.68% 6.00% 5.81% Risk Adjusted Margin (C/A) 4.50% 5.02% 5.19% 5.65% 5.44% 1 Average balances represents the average of daily balance for the period 87 80#88Reconciliation for non-GAAP Financial Measures Mexico ($MM) Pre-tax, pre-provision profit FY19 FY20 FY21 Reported Basis FY22 Q3/21 Q3/22 Q3/23 FY19 Reported Basis (Constant FX) 1,3 FY20 FY21 FY22 Q3/21 Q3/22 Q3/23 Mexico Revenue 2,179 2,196 Expenses 1,213 2,193 2,279 556 1,207 1,097 568 740 1,117 264 287 351 Pre-tax, pre-provision profit 966 989 1,096 1,162 292 281 389 2,328 2,484 2,559 2,636 1,299 1,394 1,286 1,290 1,029 1,090 1,273 1,346 352 682 682 740 330 346 351 336 389 Net income attributable to equity holders (NIAEH) NIAEH ($MM) 522 271 590 746 173 188 234 554 265 683 865 206 224 234 Mexico³ NIM Calculation¹ Average total assets² Less: Non-earning assets Average total earning assets² Less: 2020 2021 2022 Q3/22 Q3/23 42,324 44,321 47,831 48,715 64,495 1,840 3,426 2,300 2,465 4,833 40,484 40,895 45,531 46,250 59,662 Trading Assets Securities purchased under resale agreements and securities borrowed Other deductions Average core earning assets² Net Interest Income Less: Non-core net interest income Net interest income on core earning assets Net interest margin 3,232 4,133 4,101 4,056 5,242 54 112 271 70 214 172 352 87 37,182 36,675 41,162 41,910 53,797 1,643 1,650 1,707 422 552 24 38 3 1,619 1,613 1,705 423 4.35% 4.40% 4.14% 4.00% 4.17% (1) (14) 566 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 2 Average balances represents the average of daily balance for the period; 3 May not add due to rounding 88#89Reconciliation for non-GAAP Financial Measures Peru ($MM) Reported Basis Pre-tax, pre-provision profit FY19 FY20 FY21 FY22 Q3/21 Q3/22 Q3/23 FY19 Reported Basis (Constant FX) 1,3 FY20 FY21 FY22 Q3/21 Q3/22 Q3/23 Peru Revenue 2,170 2,145 1,572 1,444 386 346 402 Expenses 769 757 603 569 149 138 172 698 Pre-tax, pre-provision profit 1,401 1,388 969 875 237 208 230 1,292 1,990 1,989 1,700 701 1,288 1,049 1,542 451 376 402 651 608 172 148 172 934 279 228 230 Net income attributable to equity holders (NIAEH) NIAEH 676 314 304 383 91 84 97 630 291 336 408 109 93 97 97 ($MM) NIM Calculation1 Average total assets² Less: Non-earning assets Average total earning assets² Less: Peru³ 2020 32,474 28,070 28,053 28,748 29,830 2,205 1,903 1,800 1,672 1,944 30,269 26,167 26,253 27,076 27,886 2021 2022 Q3/22 Q3/23 Securities purchased under resale Trading Assets agreements and securities borrowed Other deductions Average core earning assets² Net Interest Income Less: Non-core net interest income 320 868 74 121 192 0 0 1,248 692 372 393 1,344 28,701 24,607 25,807 26,562 26,350 1,696 1,179 1,152 298 329 1 13 4 1,696 1,178 1,139 294 328 5.91% 4.79% 4.41% 4.39% 4.94% (1) Net interest income on core earning assets Net interest margin 1 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, 2 Average balances represents the average of daily balance for the period; 3 May not add due to rounding 89#90Reconciliation for non-GAAP Financial Measures Chile ($MM) Pre-tax, pre-provision profit FY19 FY20 Reported Basis Reported Basis (Constant FX) 1,3 FY21 FY22 Q3/21 Q3/22 Q3/23 FY19 FY20 FY21 FY22 Q3/21 Q3/22 Q3/23 Chile Revenue Expenses 2,385 2,066 1,151 963 2,147 933 2,112 534 853 514 227 209 621 254 2,017 2,029 2,080 2,296 528 585 621 975 928 904 927 225 237 254 Pre-tax, pre-provision profit 1,234 1,103 1,214 1,259 308 305 367 1,042 1,101 1,176 1,369 303 348 367 Net income attributable to equity holders (NIAEH) NIAEH 443 302 612 843 159 228 150 375 301 597 921 157 262 150 ($MM) Chile³ NIM Calculation1 Average total assets² Less: Non-earning assets Average total earning assets² Less: Trading Assets Securities purchased under resale agreements and securities borrowed Other deductions Average core earning assets² Net Interest Income 2020 2021 2022 Q3/22 Q3/23 64,640 63,103 64,297 64,692 76,281 13,119 10,486 11,638 12,619 12,862 51,521 52,617 52,659 52,073 63,419 847 811 592 504 516 134 269 238 869 Less: Non-core net interest income Net interest income on core earning assets Net interest margin 761 824 591 1,359 49,805 51,045 51,109 50,709 61,306 1,415 1,507 1,596 413 490 16 12 (37) 6 1,399 1,496 1,633 407 498 2.81% 2.93% 3.20% 3.19% 3.22% (8) 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 2 Average balances represents the average of daily balance for the period; 3 May not add due to rounding 90 90#91Reconciliation for non-GAAP Financial Measures Colombia ($MM) Reported Basis Pre-tax, pre-provision profit FY19 FY20 FY21 FY22 Q3/21 Q3/22 Q3/23 FY19 Reported Basis (Constant FX) 1,3 FY20 FY21 FY22 Q3/21 Q3/22 Q3/23 Colombia Revenue 1,502 1,234 1,055 993 251 234 254 1,083 989 906 927 240 234 254 Expenses 826 790 664 663 166 159 159 592 625 568 619 159 159 159 Pre-tax, pre-provision profit 676 444 391 330 84 75 95 491 364 338 308 81 75 95 Net income attributable to equity holders (NIAEH) NIAEH ($MM) 117 (58) 69 44 12 4 (2) 86 (42) 59 Colombia³ 44 41 12 12 3 (2) NIM Calculation¹ Average total assets² Less: Non-earning assets Average total earning assets² Less: Trading Assets Securities purchased under resale agreements and securities borrowed Other deductions Average core earning assets² 2020 2021 2022 Q3/22 Q3/23 15,398 14,537 15,117 15,285 16,284 1,906 1,668 1,688 1,670 2,053 13,492 12,869 13,429 13,615 14,231 181 114 244 128 90 66 708 650 631 639 328 12,784 12,219 12,489 12,772 13,593 Net Interest Income 808 687 619 148 149 Less: Non-core net interest income 11 2 3 Net interest income on core earning assets Net interest margin 808 687 608 146 146 6.32% 5.62% 4.87% 4.52% 4.26% 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca; 2 Average balances represents the average of daily balance for the period; 3 May not add due to rounding 91#92Reconciliation for non-GAAP Financial Measures ($Bn) Reported Basis Reported Basis (Constant FX)1 Average Loans FY19 FY20 FY21 FY22 Q3/21 Q3/22 Q3/23 FY19 FY20 FY21 FY22 Q3/21 Q3/22 Q3/23 Mexico 30 32 31 35 30 36 45 32 36 35 39 36 42 45 Peru 21 23 20 21 19 22 23 20 21 21 23 22 24 23 Chile 47 46 46 48 46 48 57 41 45 46 52 46 54 57 Colombia 12 12 11 12 10 12 12 9 10 10 11 10 12 12 ($Bn) Average Deposits² Q3/22 Mexico Peru Chile Colombia ($Bn) Reported Basis Pacific Alliance² Q3/22 Q2/23 Q3/23 Q3/22 Reported Basis (Constant FX)¹ Q2/23 Q3/23 Average Loans 118 136 138 132 138 138 Average Deposits 80 94 96 90 96 96 Average International Banking Deposits ($Bn) Personal Non-Personal 37 72 41 Q3/22 Q2/23 Q3/23 42 Q3/22 Q2/23 Q3/23 85 87 41 79 41 42 86 87 Reported Basis Q2/23 Q3/23 Q3/22 33 42 45 39 44 45 16 16 16 17 16 16 21 26 25 24 26 25 10 10 9 10 10 9 Reported Basis (Constant FX)1 Q2/23 Q3/23 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca ; 2 Countries may not add due to rounding 92 22#93Appendix 6 Additional Information#94Additional Information SCOTIABANK CREDIT RATINGS Moody's Standard & Poor's Fitch Ratings DBRS Morningstar Legacy Senior Debt¹ Aa2 A+ AA AA Senior Debt² A2 A- AA- AA (low) Subordinated Debt (NVCC) Baa1 (hyb) BBB+ A A (low) Subordinated Additional Tier 1 Capital Notes (NVCC) Baa3 (hyb) BBB- BBB+ BBB (high) Limited Recourse Capital Notes (NVCC) Baa3 (hyb) BBB- BBB+ BBB (high) Short Term Deposits/Commercial Paper P-1 A-1 F1+ R-1 (high) Covered Bond Program Aaa Not Rated AAA AAA Outlook Stable Stable Stable Stable SCOTIABANK LISTINGS Toronto Stock Exchange (TSX: BNS) New York Stock Exchange (NYSE: BNS) SCOTIABANK COMMON SHARE ISSUE INFORMATION • CUSIP: 064149107 ISIN: CA0641491075 • FIGI: BBGOOOBXSXH3 • NAICS: 522110 1Includes: (a) Senior debt issued prior to September 23, 2018; and (b) Senior debt issued on or after September 23, 2018 which is excluded from the bank recapitalization "bail-in" regime 2 Subject to conversion under the bank recapitalization "bail-in" regime 94#95Contact Information Investor Relations John McCartney Senior Vice President 416-863-7579 [email protected] Sophia Saeed Vice President 416-933-8869 [email protected] Rebecca Hoang Director 416-933-0129 [email protected] Funding Martin Weeks EVP and Group Treasurer 416-933-3728 [email protected] Darren Potter Managing Director 416-860-1784 [email protected] 95