#1Scotiabank Supplementary Financial Information Q3 2023 For the period ended: July 31, 2023 For further information, contact Scotiabank Investor Relations: John McCartney ([email protected]) Sophia Saeed ([email protected]) Rebecca Hoang ([email protected])#2Supplementary Financial Information (SFI) For the period ended: July 31, 2023 Notes Adoption of Non-GAAP Measures Enhanced Disclosure Task Force (EDTF) Recommendations Highlights Common Share and Other Information Consolidated Statement of Income Business Segment Performance • Canadian Banking • International Banking • International Banking (Constant Dollar) .Global Wealth Management • Global Banking and Markets ⚫ Other Non-Interest Income Revenue from Trading-Related Activities and Assets Under Administration and Management Operating Expenses Consolidated Statement of Financial Position - Assets (Spot Balances) Consolidated Statement of Financial Position - Liabilities and Equity (Spot Balances) Average Balance Sheet Consolidated Statement of Changes in Equity Consolidated Statement of Changes in Equity (Continued) Credit-Related Information ⚫ Customer Loans and Acceptances by Type of Borrower • Impaired Loans by Business Segment • Changes in Gross Impaired Loans by Business Segment • Allowance for Credit Losses & Other Reserves •Impaired Loans by Type of Borrower • Provision for Credit Losses by Business Line • Provision for Credit Losses by Type of Borrower Cross-Border Exposures To Select Countries Financial Investments - Unrealized Gains (Losses) Regulatory Capital Highlights Appendix 1: Global Banking and Markets (Reported Including LatAm) Appendix 2: International Banking by Region - Latin America - Caribbean & Central America (C&CA) and Asia - Reconciliation of non-GAAP Financial Measure (Net Interest Margin) Page Notes EDTF 1 23 456789 Note: The supplementary financial information package contains comparative figures that have been reclassified in prior periods, where applicable, to conform with the current reporting period presentation. Scotiabank Supplementary Financial Information (SFI) 14 15 16 17 10 11 12 13 LEGENDO 18 19 20 822222 21 23 24 222 25 26 27 29 28 22 30 31 ToC#3Back to Table of Contents Notes This document is not audited and should be read in conjunction with our Q3 2023 Quarterly Report to Shareholders and 2022 Annual Report. Non-GAAP Measures: The Bank uses a number of financial measures and ratios to assess its performance, as well as the performance of its operating segments. Some of these financial measures and ratios are presented on a non-GAAP basis and are not calculated in accordance with Generally Accepted Accounting Principles (GAAP), which are based on IFRS Accounting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), are not defined by GAAP and do not have standardized meanings and therefore might not be comparable to similar financial measures and ratios disclosed by other issuers. The Bank believes that non-GAAP measures and ratios are useful as they provide readers with a better understanding of how management assesses performance. These non-GAAP measures and ratios are used throughout this report and defined below. Adjusted results and adjusted diluted earnings per share: The following tables present a reconciliation of GAAP reported financial results to Non-GAAP adjusted financial results. Management considers both reported and adjusted results and measures useful in assessing underlying ongoing business performance. Adjusted results and measures remove certain specified items from revenue, non-interest expenses, income taxes and non-controlling interest. Presenting results on both a reported basis and adjusted basis allows readers to assess the impact of certain items on results for the periods presented, and to better assess results excluding those items that may not be reflective of ongoing business performance. Net income and diluted earnings per share have been adjusted for the following: Adjustments impacting current period: 1. Amortization of acquisition-related intangible assets: These costs relate to the amortization of intangibles recognized upon the acquisition of businesses, excluding software, and are recorded in the Canadian Banking, International Banking and Global Wealth Management operating segments. Adjustments impacting prior periods only: 1. Canada Recovery Dividend: In Q1 2023, the Bank recognized an additional income tax expense of $579 million reflecting the present value of the amount payable for the Canada Recovery Dividend (CRD). The CRD is a Canadian federal tax measure which requires the Bank to pay a one-time tax of 15% on taxable income in excess of $1 billion, based on the average taxable income for the 2020 and 2021 taxation years. The CRD is payable in equal amounts over five years, however, the present value of these payments must be recognized as a liability in the quarter enacted. The charge was recorded in the Other operating segment. 2. Restructuring and other provisions: In Q4 2022, the Bank recorded a restructuring charge of $66 million ($85 million pre-tax) related to the realignment of the Global Banking and Markets businesses in Asia Pacific and reductions in technology employees, driven by ongoing technology modernization and digital transformation. In Q4 2021, the Bank recorded a restructuring charge of $93 million ($126 million pre-tax), substantially related to International Banking for the cost of reducing branches and full-time employees, driven by the accelerated customer adoption of digital channels and process automation. The Bank also recorded settlement and litigation provisions in the amount of $46 million ($62 million pre-tax) in connection with the Bank's former metals business. These charges were recorded in the Other operating segment. 3. Support costs for the Scene+ loyalty program: The Bank recorded costs of $98 million ($133 million pre-tax) to support the expansion of the Scene+ loyalty program to include Empire Company Limited as a partner. These committed costs relate to operational support, transition marketing and technology initiatives and were recognized as an expense in Q4 2022 in the Other operating segment. 4. Net loss on divestitures and wind-down of operations: In Q4 2022, the Bank sold its investments in associates in Venezuela and Thailand. Additionally, the Bank wound down its operations in India and Malaysia in relation to its realignment of the business in the Asia Pacific region. Collectively, the sale and wind-down of these entities resulted in a net loss of $340 million ($361 million pre-tax), of which $294 million ($315 million pre-tax) related to the reclassification of cumulative foreign currency translation losses net of hedges, from accumulated other comprehensive income to non-interest income in the Consolidated Statement of Income. This net loss was recorded in the Other operating segment. For further details on these transactions, please refer to Note 36 of the consolidated financial statements, in the 2022 Annual Report to Shareholders. Scotiabank Supplementary Financial Information (SFI) Notes_1#4Back to Table of Contents Notes (Cont'd) This document is not audited and should be read in conjunction with our Q3 2023 Quarterly Report to Shareholders and 2022 Annual Report. Adjusting Items(": Adjusted results exclude the following items: ($ millions) Adjusting Items (Pre-Tax) Acquisition-Related Costs Amortization of Intangibles (2) Other Canadian Banking International Banking Global Wealth Management Net loss on divestitures and wind-down of operations (3) Support costs for the Scene+ loyalty program (3) Restructuring and other provisions (3) Total (Pre-Tax) Adjusting Items (After-Tax, NCI) Acquisition-Related Costs Amortization of Intangibles (2) Other Canadian Banking International Banking Global Wealth Management Canada recovery dividend (3) Net loss on divestitures and wind-down of operations(3) Support costs for the Scene+ loyalty program (3) Restructuring and other provisions(3) Total (After-Tax, NCI) (1) Refer to Non-GAAP Measures on Notes Page 1 of the Supplementary Financial Information Report. (2) Excludes amortization of intangibles related to software. (3) Recorded in Other operating segment. Scotiabank Q3 2023 Q2 2022 Q1 Q4 Q3 Q2 Q1 2109 Full Year 2022 2022 2021 2021 Year-To-Date 60 Q4 Q3 2023 21 21 1 11 9 260 07 2209 24 24 24 25 10 9 10 10 9 9 9 2518 2609 1609 2500 2500 25 24 62 73 97 103 4 10 11 31 30 8ត 16 22 22 39 45 27 27 36 36 361 361 133 133 - 85 188 85 188 603 24 24 25 213 24 62 73 676 291 20 21 21 15 15 5 186 5177 15 5177 18 8 477 579 340 98 65 15 594 521 18 45 3222 53 12 21 28 32 20 20 27 27 1682 71 16 262 75 16 4322 8477 8 477 8477 17 7467 18 18 18 4 8 6 579 .. R'' 340 98 E 17 18 18 129 147 65 129 18 624 53 574 204 Supplementary Financial Information (SFI) Notes_2#5Back to Table of Contents Notes (Cont'd) Reconciliation of reported and adjusted results ($ millions) Reported Results Net interest income Non-interest income Total revenue Provision for credit losses Non-interest expenses Income before taxes Income tax expense Net income For the three months ended For the nine months ended July 31, 2023 April 30, 2023 July 31, 2022 July 31, 2023 July 31, 2022 4,580 4,466 4,676 13,615 13,493 3,510 3,463 3,123 10,384 10,297 8,090 7,929 7,799 23,999 23,790 819 709 412 2,166 853 4,562 4,576 4,191 13,602 12,573 2,709 2,644 3,196 8,231 10,364 497 485 602 2,088 2,283 2,212 2,159 2,594 6,143 8,081 Net income attributable to non-controlling interests in subsidiaries (NCI) 21 26 54 87 220 Net income attributable to equity holders 2,191 2,133 2,540 6,056 7,861 Net income attributable to preferred shareholders and other equity instrument holders 105 104 36 310 154 Net income attributable to common shareholders 2,086 2,029 2,504 5,746 7,707 Diluted earnings per share (in dollars) 1.72 1.69 2.09 4.76 6.39 Weighted average number of diluted common shares outstanding (millions) 1,214 1,197 1,203 1,201 1,221 Adjustments Adjusting items impacting non-interest expense (Pre-tax) Amortization of acquisition-related intangible assets Total non-interest expense adjusting items (Pre-tax) Total impact of adjusting items on net income before taxes Impact of adjusting items on income tax expense Canada recovery dividend Amortization of acquisition-related intangible assets Total impact of adjusting items on income tax expense 20 222 20 21 24 20 21 24 21 24 62 73 ៩ ៩៩ 333 73 73 579 (5) (6) (7) (17) (20) (5) (6) 562 (20) 15 15 17 624 53 Total impact of adjusting items on net income Impact of adjusting items on NCI related to restructuring and other provisions Total impact of adjusting items on net income attributable to equity holders and common shareholders 15 15 17 624 53 Adjusted Results Net interest income 4,580 4,466 4,676 13,615 13,493 Non-interest income Total revenue Provision for credit losses Non-interest expenses Income before taxes Income tax expense Net income 3,510 3,463 3,123 10,384 10,297 8,090 7,929 7,799 23,999 23,790 819 709 412 2,166 853 4,542 4,555 4,167 13,540 12,500 2,729 2,665 3,220 8,293 10,437 502 491 609 1,526 2,303 2,227 2,174 2,611 6,767 8,134 Net income attributable to NCI 21 26 54 87 220 Net income attributable to equity holders 2,206 2,148 2,557 6,680 7,914 Net income attributable to preferred shareholders and other equity instrument holders 105 104 36 310 154 Net income attributable to common shareholders 2,101 2,044 2,521 6,370 7,760 Diluted earnings per share (in dollars) 1.73 1.70 2.10 5.28 6.43 Impact of adjustments on diluted earnings per share (in dollars) 0.01 0.01 0.01 0.52 0.04 Weighted average number of diluted common shares outstanding (millions) 1,214 1,197 1,203 1,201 1,221 Scotiabank Supplementary Financial Information (SFI) Notes_3#6Back to Table of Contents Enhanced Disclosure Task Force (EDTF) Recommendations Below is the index of EDTF recommendations to facilitate easy reference in the Bank's public disclosure documents available on www.scotiabank.com/investorrelations. July 31, 2023 Reference Table for EDTF Recommendation Type of Risk Number Disclosure Q3/23 2022 Annual Report Quarterly Report Supplementary Regulatory Capital Disclosures MD&A 14 74-78 80-81, 85-91 54-57, 99-102, 114-116 72-74 Financial Statements 74-78 79 75-76 48-49 3-4 54-57 206 48-49, 79 20-23 58 17-18 82 59-60 General 1 The index of risks to which the business is exposed. 2 The Bank's risk to terminology, measures and key parameters. 3 Top and emerging risks, and the changes during the reporting period. 4 Discussion on the regulatory development and plans to meet new regulatory ratios. 48-51 5 The Bank's Risk Governance structure. Risk Governance, Risk Management and 6 Description of risk culture and procedures applied to support the culture. Business Model 7 Description of key risks from the Bank's business model. 8 Stress testing use within the Bank's risk governance and capital management. 9 Capital Adequacy and Pillar 1 capital requirements, and the impact for global systemically important banks. Risk-Weighted Assets 10 a) Regulatory capital components. b) Reconciliation of the accounting balance sheet to the regulatory balance sheet. 11 Flow statement of the movements in regulatory capital since the previous reporting period, 48-49 including changes in common equity tier 1, additional tier 1 and tier 2 capital. 12 Discussion of targeted level of capital, and the plans on how to establish this. 13 Analysis of risk-weighted assets by risk type, business, and market risk RWAS. 14 Analysis of the capital requirements for each Basel asset class. 15 Tabulate credit risk in the Banking Book. 83 16 Flow statements reconciling the movements in risk-weighted assets for each risk-weighted asset type. 17 Discussion of Basel III Back-testing requirement including credit risk model performance and validation. Liquidity Funding 18 Analysis of the Bank's liquid assets. 39-42 19 Encumbered and unencumbered assets analyzed by balance sheet category. 39-42 20 Consolidated total assets, liabilities and off-balance sheet commitments analyzed by remaining contractual maturity at the balance sheet date. 46-47 21 Analysis of the Bank's sources of funding and a description of the Bank's funding strategy. 44-45 Market Risk 22 Linkage of market risk measures for trading and non-trading portfolios and the balance sheet. 38-39 23 Discussion of significant trading and non-trading market risk factors. 84 24 Discussion of changes in period on period VaR results as well as VaR assumptions, limitations, backtesting and validation. 37,84 25 Other risk management techniques e.g. stress tests, stressed VaR, tail risk and market liquidity horizon. Credit Risk 26 Analysis of the aggregate credit risk exposures, including details of both personal and wholesale lending. 27 Discussion of the policies for identifying impaired loans, defining impairments and renegotiated loans, and explaining loan forbearance policies. 28 Reconciliations of the opening and closing balances of impaired loans and impairment allowances during the year. 29 Analysis of counterparty credit risk that arises from derivative transactions. 30 Discussion of credit risk mitigation, including collateral held for all sources of credit risk. 66 49-50,83 83 Other Risks 31 Quantified measures of the management of operational risk. 32 Discussion of publicly known risk items. 50 Scotiabank Supplementary Financial Information (SFI). 54-57 6, 36-38, 41-56, 65-69, 73, 85, 91 15-16, 36-57, 63-69, 73, 78-81 15-16, 36-57, 78-81 63-67, 79, 123 176, 229 63-67 176, 223-229 63-67 224 58,72,84 63-67 89 64-66 97-102 99 103-105 102-103 96 92-97 228-229 92-97 228-229 92-97 229 6, 36-38, 41-56, 65-69 85-91, 117-123 186-187, 225-227 155-157, 187 33, 34 88, 117-118, 120, 121 187 90 83-84 174-177 83-84, 89 67,106 71 EDTF#7Back to Table of Contents Highlights Operating Performance 2023 2022 2021 Year-To-Date Full Year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2023 2022 2022 2021 Reported ($ millions) Net income 2,212 2,159 1,772 2,093 2,594 2,747 2,740 2,559 2,542 6,143 8,081 10,174 9,955 Net income attributable to common shareholders 2,086 2,029 1,631 1,949 2,504 2,595 2,608 2,411 2,426 5,746 7,707 9,656 9,391 EPS ($) - Basic 1.74 1.70 1.37 1.64 2.10 2.16 2.15 1.98 2.00 4.81 6.41 8.05 7.74 - Diluted 1.72 1.69 1.36 1.63 2.09 2.16 2.14 1.97 1.99 4.76 6.39 8.02 7.70 ROE (%)(¹) 12.1 12.3 9.9 11.9 15.3 16.2 15.8 14.8 15.0 11.5 15.8 14.8 14.7 Net interest margin (%) (2) 2.10 2.13 2.11 2.18 2.22 2.23 2.16 2.17 2.23 2.11 2.20 2.20 2.23 Productivity ratio (%) (¹) 56.4 57.7 55.9 59.4 53.7 52.4 52.5 55.6 52.8 56.7 52.8 54.4 53.2 Effective tax rate (%) (¹) 18.4 18.4 38.4 18.5 18.8 22.9 24.0 21.2 22.5 25.4 22.0 21.3 22.4 Adjusted ($ millions) (2) Net income 2,227 2,174 2,366 2,615 2,611 2,765 2,758 2,716 2,560 6,767 8,134 10,749 10,169 Net income attributable to common shareholders (Diluted) 2,103 2,033 2,239 2,474 2,527 2,613 2,650 2,565 2,453 6,400 7,852 10,267 9,643 EPS ($) Diluted 1.73 1.70 1.85 2.06 2.10 2.18 2.15 2.10 2.01 5.28 6.43 8.50 7.87 ROE (%)(3) 12.2 12.4 13.4 15.0 15.4 16.4 15.9 15.7 15.1 12.7 15.9 15.7 15.0 Productivity ratio (%) 56.1 57.5 55.7 53.7 53.4 52.1 52.2 52.8 52.5 56.4 52.5 52.8 52.2 Effective tax rate (%) Balance Sheet ($ billions) Total assets Net loans and acceptances Deposits Common shareholders' equity Credit Quality Gross impaired loans - % of loans and acceptances(1) Net impaired loans ($ millions) - % of loans and acceptances(1) Allowance for credit losses ($ millions)(4) 18.4 18.4 18.4 17.6 18.9 22.9 24.0 21.5 22.5 18.4 22.1 21.0 22.5 1,396.1 1,373.2 1,374.4 1.349.4 1,292.1 1,288.5 1,245.5 1,184.8 1,163.4 772.6 786.0 777.0 764.5 733.2 708.7 688.2 657.4 644.8 957.2 945.5 949.9 916.2 879.6 876.6 851.0 797.3 794.4 68.0 69.1 66.1 65.2 65.0 64.8 66.2 64.8 64.7 5,487 5,305 5,104 4,786 4,252 4,264 4,435 4,456 4,735 0.70 0.67 0.65 0.62 0.58 0.60 0.64 0.67 0.73 3,667 3,554 3,450 3,151 2,695 2,660 2,812 2,801 2,976 0.47 0.45 0.44 0.41 0.36 0.37 0.41 0.42 0.46 6,094 5,931 5,668 5,499 5,295 5,375 5,583 5,731 6,232 Net write-offs as a % of average net loans and acceptances(¹) 0.34 0.29 0.29 0.24 0.21 0.25 0.27 0.34 0.62 0.31 0.24 0.24 0.54 Provision for credit losses (PCL) ($ millions) (5) 819 709 638 529 412 219 222 168 380 2,166 853 1,382 1,808 PCL on loans and acceptances ($ millions)(6) 820 708 636 529 404 218 222 170 379 2,164 844 1,373 1,809 PCL as % of average net loans and acceptances (1)(6) 0.42 0.37 0.33 0.28 0.22 0.13 0.13 0.10 0.24 0.37 0.16 0.19 0.29 PCL on impaired loans as % of average net loans and acceptances(1)(6) 0.38 0.33 0.29 0.26 0.21 0.24 0.24 0.31 0.53 0.33 0.23 0.24 0.53 Capital and Liquidity Measures CET1 capital ratio (%) (7) 12.7 12.3 11.5 11.5 11.4 11.6 12.0 12.3 12.2 Tier 1 capital ratio (%) (7) 14.6 14.1 13.2 13.2 13.0 12.8 13.4 13.9 13.7 Total capital ratio (%) (7) 16.9 16.2 15.2 15.3 15.0 15.0 15.1 15.9 15.7 Leverage ratio (%) (8) 4.1 4.2 4.2 4.2 4.2 4.2 4.4 4.8 4.8 CET1 risk-weighted assets ($ millions) (7) 439,814 451,063 471,528 462,448 452,800 445,273 433,682 416,105 414,169 Net stable funding ratio (NSFR) (%) (9) 114 111 109 111 109 109 108 110 112 Liquidity coverage ratio (%) (10) 133 131 122 119 122 125 123 124 123 Total Loss Absorbing Capacity (TLAC) (as a % of leverage exposure) (11) 8.7 8.4 8.9 8.8 9.3 9.8 9.4 9.6 8.8 TLAC (as a % of risk-weighted assets adjusted as permitted under the TLAC regime) (11) 30.5 28.3 27.9 27.4 28.4 30.1 28.3 27.8 25.3 (1) Refer to page 53 of the Q3 2023 Quarterly 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) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (4) Includes allowance for credit losses on all financial assets-loans, acceptances, off-balance sheet exposures and other financial assets. (3) Prior period amount has been restated to align with current period calculation. (5) Includes provision for credit losses on all financial assets - loans, acceptances, off-balance sheet exposures and other financial assets. (6) Includes provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures. (7) 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 period regulatory capital ratios were prepared in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018). (8) Q3 2023 and Q2 2023 leverage ratios are based on Revised Basel Ill requirements as determined in accordance with OSFI Guideline - Leverage Requirements (February 2023). Prior period leverage ratios were prepared in accordance with OSFI Guideline - Leverage Requirements (November 2018). (9) 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). (10) 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) (11) This measure has been disclosed in this document in accordance with OSFI Guideline - Total Loss Absorbing Capacity (September 2018). Scotiabank Supplementary Financial Information (SFI). 1#8Back to Table of Contents Common Share and Other Information Valuation Book value per common share ($)(1) 2023 2022 2021 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 03 Year-To-Date Full Year Q3 2023 2022 2022 2021 56.40 57.65 55.47 54.68 54.52 54.13 54.94 53.28 53.26 56.40 54.52 54.68 53.28 Share price ($) - High 68.07 74.41 72.04 81.98 86.22 95.00 93.34 83.11 82.35 74.41 95.00 95.00 83.11 - Low 63.05 63.85 64.06 63.19 71.21 81.25 79.62 75.84 76.56 63.05 71.21 63.19 55.11 - Close 66.40 67.63 72.03 65.85 78.01 81.35 91.56 81.14 77.87 66.40 78.01 65.85 81.14 Share price (closing) as % of book value (¹) 117.7 117.3 129.8 120.4 143.1 150.3 166.6 152.3 146.2 117.7 143.1 120.4 152.3 Price (closing)/earnings ratio (X) (1) (2) 10.3 Market capitalization ($ millions) 80,034 9.9 81,033 9.9 85,842 8.2 78,452 9.3 93,059 9.8 97,441 11.4 110,274 10.5 10.8 10.3 9.3 8.2 98,612 94,620 80,034 93,059 78,452 10.5 98,612 Dividends Common dividends paid ($ millions) Common dividends/share ($) 1,270 1,227 1,228 1,227 1,229 1,195 1,207 1,095 1.06 1.03 1.03 1.03 1.03 1.00 1.00 0.90 1,093 0.90 3,725 3.12 3,631 3.03 4,858 4,371 4.06 3.60 Shares Number of common shares outstanding at period end (millions) Average number of common shares outstanding (millions) 1,205 1,198 1,192 1,191 1,193 1,198 1,204 1,215 1,215 Basic 1,199 1,192 1,192 1,192 1,195 1,199 1,211 1,215 1,215 1,194 1,201 1,199 1,214 - Diluted 1,214 1,197 1,199 1,199 1,203 1,201 1,230 1,224 1,223 1,201 1,221 1,208 1,225 Other Information (3) Employees (4) Branches and offices (5) ABMs 91,013 2,398 91,030 91,264 90,979 90,978 90,619 89,782 89,488 90,833 2,398 2,411 2,439 2,447 2,460 2,479 2,573 2,610 8,551 8,561 8,540 8,610 8,619 8,501 8,505 8,610 8,609 Legacy Senior Debt Credit Ratings Moody's(6) Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Standard & Poor's (6) A+ A+ A+ A+ A+ A+ A+ A+ A+ Fitch (6) AA DBRS(6) AA AA AA AA AA AA AA AA AA AA AA AA AA AA AA AA AA (1) Refer to page 53 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto. (2) Based on trailing 4 quarters' EPS. (3) Excludes affiliates. (4) Employees are reported on a full-time equivalent basis. (5) Prior period amounts have been restated to include MD Financial and Jarislowsky Fraser offices. (6) As of July 31, 2023, outlook is Stable (Moody's, Standard & Poor's, DBRS and Fitch). Scotiabank Supplementary Financial Information (SFI) 2#9Back to Table of Contents Consolidated Statement of Income ($ millions) Interest income Interest expense Net interest income Non-interest income Total revenue Provision for credit losses Total non-interest expenses Income before taxes Income tax expense Reported net income Adjusting items (after tax) (1) Adjusted net income (1) Reported net income attributable to NCI in subsidiaries Adjusted net income attributable to NCI in subsidiaries (¹) Reported net income attributable to equity holders of the Bank Preferred shareholders Common shareholders Adjusted net income attributable to equity holders of the Bank (¹) Adjusted net income attributable to common shareholders (1) Adjusted diluted impact of share-based payment options and others (1)(2) Adjusted net income attributable to common shareholders (Diluted) (¹) (1) Refer to Non-GAAP Measures on Notes Pages 1-3 of the Supplementary Financial Information Report. (2) The quarterly adjustments may not sum to the full year adjustment resulting from timing differences of the calculations. 2023 2022 2021 Year-To-Date Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 14,689 13,870 13,156 11,118 8,885 7,092 6,463 6,186 6,101 2023 41,715 10,109 9,404 8,587 6,496 4,209 2,619 2,119 1,969 1,884 28,100 2022 22,440 33,558 24,986 8,947 15,443 Full Year 2022 2021 8,025 4,580 4,466 4,569 4,622 4,676 4,473 4,344 4,217 4,217 13,615 13,493 18,115 16,961 3,510 3,463 3,411 3,004 3,123 3,469 3,705 3,470 8,090 7,929 7,980 7,626 7,799 7,942 8,049 7,687 3,540 10,384 7,757 23,999 10,297 13,301 14,291 23,790 31,416 31,252 819 709 638 529 412 219 222 168 4,562 4,576 4,464 4,529 4,191 4,159 4,223 4,271 2,709 2,644 2,878 2,568 3,196 3,564 3,604 3,248 380 4,097 3,280 2,166 13,602 8,231 853 1,382 1,808 12,573 17,102 16,618 10,364 12,932 12,826 497 485 1,106 475 2,212 2,159 1,772 2,093 602 2,594 817 2,747 864 2,740 689 2,559 738 2,088 2,283 2,758 2,871 2,542 6,143 8,081 10,174 9,955 15 2,227 15 594 2,174 2,366 522 2,615 17 2,611 18 2,765 18 2,758 157 2,716 18 2,560 624 6,767 53 8,134 575 214 10,749 10,169 21 26 40 38 54 78 21 26 40 39 54 78 0000 88 70 88 80 собо 81 81 88 87 220 258 331 87 220 259 341 2,191 2,133 1,732 2,055 2,540 2,669 2,652 2,489 2,461 6,056 7,861 9,916 9,624 105 104 101 106 36 74 44 78 35 310 154 260 233 2,086 2,029 1,631 1,949 2,504 2,595 2,608 2,411 2,426 5,746 7,707 9,656 9,391 2,206 2,148 2,326 2,576 2,557 2,687 2,670 2,636 2,479 6,680 7,914 10,490 9,828 2,101 2,044 2,225 2,470 2,521 2,613 2,626 2,558 2,444 6,370 7,760 10,230 9,595 2 2,103 (11) 2,033 14 2,239 4 6 24 7 9 30 2,474 2,527 2,613 2,650 2,565 2,453 6,400 92 7,852 37 10,267 48 9,643 3 Scotiabank Supplementary Financial Information (SFI)#10Back to Table of Contents Business Segment Performance: Canadian Banking 2023 2022 2021 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Year-To-Date Q3 2023 2022 Full Year 2022 2021 Income Statement - Taxable Equivalent Basis ($ millions) Net interest income (TEB) Non-interest income (TEB) 2,468 2,340 2,386 2,363 2,361 2,144 2,133 2,082 2,030 7,194 6,638 9,001 8,030 748 794 778 771 758 759 741 749 765 Net fee and commission revenues 632 637 644 652 637 649 639 621 606 2,320 1,913 2,258 3,029 2,868 1,925 2,577 2,333 Net income (loss) from investments in associated corporations 8 25 15 23 15 18 8 18 23 48 41 Other operating income (TEB) 108 132 119 96 106 92 94 110 136 359 292 Total revenue (TEB) 3,216 3,134 3,164 3,134 3,119 2,903 2,874 2,831 2,795 9,514 8,896 Provision for credit losses-Charge/(Recovery) 307 218 218 163 93 (12) (35) (96) 69 743 46 64 388 12,030 209 87 448 10,898 333 Non-interest expenses Income before taxes Income tax expense (TEB) Reported net income Adjusting items (after-tax)(") Adjusted net income (1) Reported net income attributable to equity holders of the Bank 1,448 1,457 1,449 1,397 1,385 1,324 1,282 1,251 1,267 4,354 3,991 5,388 4,951 1,461 1,459 399 1,062 1,497 1,574 1,641 1,591 1,627 1,676 1,459 4,417 4,859 6,433 5,614 399 410 404 428 412 426 438 380 1,208 1,266 1,670 1,459 1,060 1,087 1,170 1,213 1,179 1,201 1,238 1,079 3,209 3,593 4,763 4,155 1 1 1 4 4 4 4 1,063 1,061 1,088 1,174 1,217 1,183 1,205 4 1,242 4 1,083 3 3,212 12 3,605 16 4,779 16 4,171 1,062 1,060 1,087 1,170 1,213 1,179 1,201 1,238 1,079 3,209 3,593 4,763 4,155 Adjusted net income attributable to equity holders of the Bank ( Profitability Measurements 1,063 1,061 1,088 1,174 1,217 1,183 1,205 1,242 1,083 3,212 3,605 4,779 4,171 Net interest margin (¹) Net write-offs as a % of average net loans and acceptances(2) 2.35 2.30 2.26 2.26 2.29 2.22 2.19 2.20 2.23 2.30 2.23 2.24 2.23 0.20 0.18 0.16 0.14 0.12 0.14 0.14 0.12 0.18 0.18 0.13 0.13 0.19 Reported Return on equity (%) (1) 22.5 22.8 23.0 24.7 26.1 27.1 27.4 29.4 26.1 22.8 26.8 26.3 25.2 Provision for credit losses (PCL) as % of average net loans and acceptances (2)(3) 0.27 0.20 0.19 0.15 0.09 (0.01) (0.03) (0.10) 0.07 0.22 0.01 0.05 0.09 PCL on impaired loans as % of average net loans and acceptances (2)(3) 0.23 0.21 0.17 0.14 0.13 0.13 0.12 0.10 0.14 0.20 0.13 0.13 0.18 Productivity ratio (%) (2) 45.0 46.5 45.8 44.6 44.4 45.6 44.6 44.2 45.3 45.8 44.9 44.8 45.4 Adjusted (¹) Return on equity (%) 22.5 22.8 23.0 24.8 26.2 27.2 27.5 29.4 26.2 22.8 26.9 26.4 25.3 Productivity ratio (%) Average Balance Sheet ($ billions) Residential mortgages Personal loans Credit cards (4) Business and government loans & acceptances Total loans & acceptances Other assets Total assets Personal deposits Non-personal deposits Total deposits 45.0 46.4 45.8 44.4 44.2 45.4 44.4 44.0 45.1 45.7 44.7 44.6 45.2 277.0 281.1 282.9 282.3 278.4 271.8 264.9 255.2 243.3 280.3 271.7 274.3 241.1 73.6 72.7 72.3 71.6 70.5 68.8 68.6 68.7 68.3 72.9 69.3 69.9 68.5 8.0 7.6 7.4 7.1 6.9 6.5 6.6 6.4 6.2 7.7 6.7 6.8 6.4 87.9 85.6 83.7 81.0 77.8 72.7 68.3 64.8 63.3 85.7 72.9 75.0 62.0 446.5 447.0 446.3 442.0 433.6 419.8 408.4 395.1 381.1 446.6 420.6 426.0 378.0 3.7 3.6 3.7 3.7 3.7 3.4 3.3 3.0 2.8 3.7 3.5 3.5 2.8 450.2 450.6 450.0 445.7 437.3 423.2 411.7 398.1 383.9 450.3 424.1 429.5 380.8 222.5 219.2 211.6 203.7 196.2 190.0 187.2 188.3 190.5 217.7 191.1 194.3 189.2 121.6 117.5 116.3 116.1 114.9 112.3 111.4 109.8 107.5 118.5 112.9 113.7 105.3 344.1 336.7 327.9 319.8 311.1 302.3 298.6 298.1 298.0 336.2 304.0 308.0 294.5 Other liabilities 32.1 30.3 28.9 27.3 25.5 23.3 21.7 Total liabilities Other Information Employees (5) Branches ABMs 376.2 367.0 356.8 347.1 336.6 325.6 320.3 19.7 317.8 19.3 317.3 30.5 366.7 23.5 327.5 24.5 332.5 18.5 313.0 19,275 945 19,750 943 19,831 19,262 18,861 941 3,706 3,716 3,697 941 3,725 947 3,734 18,683 951 3,742 18,259 954 3,746 17,877 954 17,424 956 3,766 3,552 (1) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (2) Refer to page 53 of the Q3 2023 Quarterly 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) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures. (4) Credit Cards include retail and small business cards. (5) Employees are reported on a full time equivalent basis and includes Canadian and International Contact Centre employees providing support to Canadian Banking. Scotiabank Supplementary Financial Information (SFI). 4#11Back to Table of Contents Business Segment Performance: International Banking 2023 2022 2021 Year-To-Date Full Year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2023 2022 2022 2021 Income Statement- Taxable Equivalent Basis (TEB)-($ millions) Net interest income (TEB) 2,118 2,007 1,899 1,806 1,759 1,687 1,648 1,589 1,586 6,024 5,094 6,900 6,625 Non-interest income (TEB) 728 745 802 698 660 720 749 728 776 2,275 2,129 2,827 2,993 Net fee and commission revenues 620 582 634 557 539 547 550 519 494 1,836 1,636 2,193 2,058 Net income (loss) from investments in associated corporations 62 69 63 51 54 77 68 52 52 194 199 250 206 Other operating income (TEB) Total revenue (TEB) Provision for credit losses Non-interest expenses Income before taxes Income tax expense (TEB) Reported net income Adjusting items (after-tax)(") Adjusted net income(¹) Reported net income attributable to non-controlling interests (NCI) 46 94 105 90 67 96 131 157 230 245 294 384 729 2,846 2,752 2,701 2,504 2,419 2,407 2,397 2,317 2,362 8,299 7,223 9,727 9,618 516 436 404 355 325 276 274 314 339 1,356 875 1,230 1,574 1,491 1,479 1,436 1,364 1,295 1,268 1,285 1,259 1,299 4,406 3,848 5,212 5,254 839 837 861 785 799 863 838 744 724 2,537 2,500 3,285 2,790 192 172 169 106 122 182 208 137 160 533 512 618 635 647 665 692 679 677 681 630 607 564 7 8 7 7 6 8 7 7 7 2,004 22 1,988 2,667 2,155 21 654 673 699 686 683 689 637 614 571 19 23 38 36 52 76 85 79 78 2,026 80 2,009 28 2,695 32 2,187 213 249 332 Reported net income attributable to equity holders of the Bank (NIAEH) Adjusted net income attributable to non-controlling interests (NCI)() Adjusted net income attributable to equity holders of the Bank (NIAEH)< Profitability Measurements 628 642 654 643 625 605 545 528 486 1,924 1,775 2,418 1,823 19 23 38 36 52 76 85 79 78 80 213 249 332 635 650 661 650 631 613 552 535 493 1,946 1,796 2,446 1,855 Net interest margin ( 4.10 4.12 4.00 4.08 3.95 3.96 3.87 3.78 3.81 4.08 3.92 3.96 3.95 Net write-offs as a % of average net loans and acceptances (2) 0.98 0.83 0.88 0.76 0.74 0.76 0.88 1.25 2.37 0.90 0.79 0.79 1.89 Reported Return on equity (%)) 13.4 13.2 13.4 13.1 13.0 13.2 12.2 12.0 11.1 13.4 12.8 12.9 10.4 Provision for credit losses (PCL) as % of average net loans and acceptances (2) (3) PCL on impaired loans as % of average net loans and acceptances (2) (3) Productivity ratio (%) (2) 1.18 1.03 0.96 0.89 0.84 0.77 0.77 0.91 1.00 1.05 0.80 0.82 1.15 1.11 0.94 0.89 0.81 0.68 0.77 0.81 1.18 2.08 0.98 0.75 0.77 1.88 52.4 53.7 53.2 54.5 53.5 52.7 53.6 54.3 55.0 53.1 53.3 53.6 54.6 Adjusted (¹) Return on equity (%) 13.6 13.4 13.6 13.2 13.1 13.3 12.4 12.2 11.3 13.5 13.0 13.0 10.6 Productivity ratio (%) 52.0 53.3 52.8 54.1 53.2 52.2 53.2 53.9 54.6 52.7 52.9 53.2 54.2 Average Balance Sheet ($ billions) Residential mortgages 52.7 51.4 47.8 44.3 42.3 42.0 39.7 38.6 38.3 50.6 41.3 42.1 38.6 Personal loans 20.4 20.4 19.5 18.7 18.4 18.2 17.7 17.9 18.2 20.1 18.2 18.3 18.6 Credit cards 8.8 8.7 8.2 7.6 7.4 7.3 6.7 6.3 6.5 8.6 7.1 7.2 7.3 Business and government loans & acceptances 96.2 96.7 95.1 90.1 86.6 83.1 79.3 78.1 74.9 96.0 83.1 84.8 76.7 Total loans & acceptances 178.1 177.2 170.6 160.7 154.7 150.6 143.4 140.9 137.9 175.3 149.7 152.4 141.2 Investment securities 20.9 20.3 18.2 17.5 16.6 16.1 15.5 15.8 16.5 19.8 16.1 16.4 16.5 Deposits with banks 16.7 15.9 15.8 15.0 15.4 16.1 16.8 14.9 15.9 16.2 16.1 15.8 16.0 Other assets Total assets Personal deposits Non-personal deposits Total deposits 25.7 25.3 23.8 23.9 22.4 21.1 20.4 20.6 20.4 24.8 21.1 21.9 20.4 241.4 238.7 228.4 217.1 209.1 203.9 196.1 192.2 190.7 236.1 203.0 206.5 194.1 42.2 40.9 39.5 37.8 36.7 36.4 35.5 36.2 35.7 40.9 36.2 36.6 36.3 86.6 85.0 79.5 74.9 72.0 69.8 65.7 65.9 67.2 83.6 69.1 70.6 67.2 128.8 125.9 119.0 112.7 108.7 106.2 101.2 102.1 103.0 124.5 105.3 107.2 103.5 Other liabilities Total liabilities Other Information Employees(4) 55.5 54.7 49.7 47.6 46.5 42.7 42.8 43.6 43.3 53.3 44.1 44.9 45.0 184.3 180.6 168.7 160.3 155.2 148.9 144.0 145.7 146.3 177.8 149.4 152.1 148.5 41,289 Branches 1,161 41,274 1,161 41,481 1,175 41,660 42,143 1,203 1,205 42,574 1,214 42,580 43,372 45,426 1,227 1,318 ABMs 4,845 Amortization of intangibles (pre-tax) 10 4,845 11 4,843 10 4,885 9 4,885 10 4,759 10 4,759 10 4,844 1,352 5,057 10 11 31 30 39 45 (1) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (2) Refer to page 53 of the Q3 2023 Quarterly 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) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures. (4) Employees are reported on a full-time equivalent basis. Scotiabank Supplementary Financial Information (SFI) 5#12Back to Table of Contents Business Segment Performance: International Banking (Constant Dollar) (1) 2023 2022 2021 Year-To-Date Full Year Q3 Q2 22 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2023 2022 2022 2021 Income Statement- Taxable Equivalent Basis (TEB)-($ millions) Net interest income (TEB) 2,118 2,029 1,999 1,970 1,953 1,854 1,859 1,775 1,760 6,024 5,530 7,455 7,013 Non-interest income (TEB) Net fee and commission revenues Net income (loss) from investments in associated corporations Other operating income (TEB) Total revenue (TEB) Provision for credit losses Non-interest expenses Income before taxes Income tax expense (TEB) Reported net income Adjusting items (after tax) (2) Adjusted net income (2) Reported net income attributable to non-controlling interests (NCI) 728 789 877 745 687 768 783 747 801 2,275 2,141 2,900 2,946 620 594 672 604 592 595 608 566 542 1,836 1,750 2,339 2,146 62 67 62 52 55 78 68 54 55 194 204 257 214 46 128 143 89 40 95 107 127 204 245 187 304 586 2,846 2,818 2,876 2,715 2,640 2,622 2,642 2,522 2,561 8,299 7,671 10,355 9,959 516 446 431 390 356 299 310 356 384 1,356 938 1,317 1,661 1,491 1,504 1,512 1,475 1,417 1,375 1,423 1,382 1,421 4,406 4,116 5,555 5,500 839 868 933 850 867 948 909 784 756 2,537 2,617 3,483 2,798 192 180 176 110 126 195 217 137 161 533 522 641 620 647 688 757 740 741 753 692 647 595 2,004 2,095 2,842 2,178 7 7 7 8 7 8 8 8 8 22 23 31 32 654 695 764 748 748 761 700 655 603 2,026 2,118 2,873 2,210 19 21 39 37 56 81 92 83 81 80 224 261 327 Reported net income attributable to equity holders of the Bank (NIAEH) Adjusted net income attributable to non-controlling interests (NCI)<²) Adjusted net income attributable to equity holders of the Bank (NIAEH)(²) Profitability Measurements(3) 628 667 718 703 685 672 600 564 514 1,924 1,871 2,581 1,851 19 20 38 38 55 81 93 83 81 80 224 261 326 635 675 726 710 693 680 607 572 522 1,946 1,894 2,612 1,884 Net interest margin (2) 4.10 4.12 4.00 4.08 3.95 3.96 3.87 3.78 3.81 4.08 3.92 3.96 3.95 Net write-offs as a % of average net loans and acceptances (4) Reported 0.98 0.83 0.88 0.76 0.74 0.76 0.88 1.25 2.37 0.90 0.79 0.79 1.89 Return on equity (%)(2) 13.4 13.2 13.4 13.1 13.0 13.2 12.2 12.0 11.1 13.4 12.8 12.9 10.4 Provision for credit losses (PCL) as % of average net loans and acceptances (4)(5) PCL on impaired loans as % of average net loans and acceptances(4)(5) Productivity ratio (%) (4) 1.18 1.03 0.96 0.89 0.84 0.77 0.77 0.91 1.00 1.05 0.80 0.82 1.15 1.11 0.94 0.89 0.81 0.68 0.77 0.81 1.18 2.08 0.98 0.75 0.77 1.88 52.4 53.7 53.2 54.5 53.5 52.7 53.6 54.3 55.0 53.1 53.3 53.6 54.6 Adjusted (2) Return on equity (%) 13.6 13.4 13.6 13.2 13.1 13.3 12.4 12.2 11.3 13.5 13.0 13.0 10.6 Productivity ratio (%) 52.0 53.3 52.8 54.1 53.2 52.2 53.2 53.9 54.6 52.7 52.9 53.2 54.2 Average Balance Sheet ($ billions) Residential mortgages 52.7 51.8 51.0 49.6 47.9 46.3 44.6 42.6 41.3 50.6 45.1 45.9 40.1 Personal loans 20.4 20.7 20.6 20.5 20.3 19.7 19.8 19.7 19.8 20.1 19.4 19.6 19.3 Credit cards 8.8 8.8 8.7 8.3 8.1 7.7 7.2 6.9 6.8 8.6 7.5 7.6 7.3 Business and government loans & acceptances 96.2 96.8 97.7 94.9 93.5 89.5 86.7 85.1 82.0 96.0 89.0 90.3 81.3 Total loans & acceptances 178.1 178.1 178.0 173.3 169.8 163.2 158.3 154.3 149.9 175.3 161.0 163.4 148.0 Investment securities 20.9 20.4 18.9 18.7 18.2 17.4 17.1 17.3 18.0 19.8 17.3 17.6 17.3 Deposits with banks 16.7 15.9 16.2 15.6 16.5 17.4 18.3 16.2 17.6 16.2 17.3 16.8 17.1 Other assets Total assets Personal deposits Non-personal deposits Total deposits Other liabilities Total liabilities Other Information 25.7 25.2 24.6 26.1 24.7 22.7 22.5 22.2 22.1 24.8 22.9 27.2 24.7 241.4 239.6 237.7 233.7 229.2 220.7 216.2 210.0 207.6 236.1 218.5 225.0 207.1 42.2 41.4 41.4 40.8 40.5 40.1 39.8 40.3 39.7 40.9 39.3 39.5 38.7 86.6 86.0 83.2 80.6 78.9 76.0 72.6 72.2 73.7 83.6 74.4 75.5 70.7 128.8 127.4 124.6 121.4 119.4 116.1 112.4 112.5 113.4 124.5 113.7 115.0 109.4 55.5 54.7 53.2 54.0 53.0 46.3 48.0 47.7 46.2 53.3 47.8 49.1 46.1 184.3 182.1 177.8 175.4 172.4 162.4 160.4 160.2 159.6 177.8 161.5 164.1 155.5 Employees (6) 41,289 41,274 Branches 1,161 1,161 ABMs Amortization of intangibles (pre-tax) 4,845 10 4,845 11 41,481 1,175 4,843 11 41,660 42,143 1,203 1,205 4,885 11 4,885 10 42,574 1,214 4,759 11 42,580 1,227 4,759 11 43,372 1,318 4,844 11 45,426 1,352 5,057 11 31 32 42 45 (1) Data presented on a constant FX basis. Quarterly results reflect FX rates as of Q3/23, while full-year results reflect Current Year Average FX rates. Refer to non-GAAP measures on page 8 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (2) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (3) Ratios are on a reported basis. (4) Refer to page 53 of the Q3 2023 Quarterly 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) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures. (6) Employees are reported on a full-time equivalent basis. Scotiabank Supplementary Financial Information (SFI) 6#13Back to Table of Contents Business Segment Performance: Global Wealth Management Income Statement - Taxable Equivalent Basis (TEB)-($ millions) Net interest income (TEB) Non-interest income (TEB) Net fee and commission revenues Net income (loss) from investments in associated corporations Other operating income (TEB) Total revenue (TEB) Provision for credit losses Charge/(Recovery) Non-interest expenses Income before taxes Income tax expense (TEB) Reported net income Adjusting items (after-tax)() Adjusted net income(¹) Reported net income attributable to non-controlling interests (NCI) Reported net income attributable to equity holders of the Bank (NIAEH) Adjusted net income attributable to NCI Adjusted NIAEH Adjusted NIAEHby geography Canada International Wealth Management Pensions Total Adjusted Net Income Attributable to Equity Holders of the Bank"> Revenue by geography Canada International Wealth Management Pensions Total Revenue (TEB) Profitability Measurements Reported Return on equity (%)() Productivity ratio (%) (2) Adjusted Return on equity (%) Productivity ratio (%) Average Balance Sheet ($ billions) Total loans & acceptances Other assets Total assets Personal deposits Non-personal deposits Total deposits Other liabilities Total liabilities Period-End Balances ($ billions) (2) (3) Assets under administration by geography: Canada International Wealth Management Pensions Total Assets under Administration Assets under management by geography: Canada International Wealth Management Pensions Total Assets under Management Employees (4) In Canada Outside Canada Total 2023 2022 2021 Year-To-Date Full Year Q3 Q2 207 1,129 209 1,091 1,122 1,082 5 5 2 4 1,336 1,300 1,323 2 2 843 818 491 480 123 124 368 356 7 6 375 362 2 3 366 353 2 3 373 359 ཙ ཀྑུཎྜཎྜཀལངྒྷ18 སྶ སྦྲཧྨ སམྨཱ 213 Q4 206 Q3 Q2 Q1 Q4 Q3 2023 2022 2022 2021 1,110 1,083 1,112 1,101 1,074 1,107 3 5 6 4 1,289 1,312 1 802. 798 520 490 133 127 387 363 7 7 394 370 2 2 385 361 2 368 ༆ཊྛ ཀ མྦྷཝཉྫཱ 8 དྷ ལྐ སྐྱུརྞྞམྨཱ ས ཉྪ 200 184 174 161 160 629 558 764 628 1,174 1,248 1,186 1,175 3,330 3,534 4,617 4,752 1,170 1,244 1,177 1,167 3,305 3,521 4,595 4,715 5 1 7 3 13 9 14 17 2 (1) 3 2 5 12 4 8 20 1,358 1,422 1,347 1,335 3,959 4,092 5,381 5,380 5 1 (1) 1 (1) 5 5 6 2 796 803 862 824 812 2,463 2,461 3,259 3,255 511 554 561 522 524 1,491 1,626 2,116 2,123 133 145 146 135 132 380 424 551 549 378 409 415 387 392 1,111 1.202 1,565 1.574 7 6 7 7 7 20 20 385 415 422 394 399 1,131 1,222 27 1,592 27 1,601 2 3 2 2 376 407 412 385 390 7 1,104 7 1,195 9 1,556 9 1,565 2 2 3 2 2 7 7 383 413 419 392 397 1,124 1,215 9 1,583 9 1,592 303 337 320 335 366 375 348 348 953 1,076 1,396 1,414 56 55 48 48 47 44 44 49 171 139 187 178 47 45 39 39 38 37 37 39 143 114 153 141 9 10 9 9 9 7 7 10 28 25 34 37 359 392 368 383 413 419 392 397 1,124 1,215 1,583 1,592 1,123 1,150 1,126 1,148 1,200 1,269 1,198 1,187 3,423 3,617 4,743 4,783 177 173 163 164 158 153 149 148 536 475 638 597 150 146 137 140 132 130 128 124 457 402 539 498 27 27 26 24 26 23 21 24 79 73 99 99 1,300 1,323 1.289 1,312 1,358 1,422 1,347 1,335 3,959 4,092 5.381 5,380 14.8 15.5 14.8 15.5 17.5 17.2 16.3 16.5 15.1 16.7 16.2 16.7 63.0 60.6 61.9 60.6 59.1 60.6 61.1 60.9 62.2 60.1 60.6 60.5 15.1 15.8 15.0 15.7 17.8 17.5 16.6 16.8 15.4 17.0 16.5 17.0 62.3 59.9 61.2 59.9 58.5 60.0 60.5 60.2 61.5 59.5 59.9 59.8 23.5 23.2 22.9 22.2 21.2 20.1 19.1 18.0 23.5 21.2 21.6 17.4 10.6 10.7 10.9 11.0 11.2 11.4 11.4 11.5 10.6 11.2 11.1 11.6 34.1 33.9 33.8 33.2 32.4 31.5 30.5 29.5 34.1 32.4 32.7 29.0 18.0 18.6 19.7 21.2 22.0 21.0 19.5 19.0 18.0 21.4 21.0 18.9 16.3 15.9 16.8 18.6 17.4 18.0 19.2 18.8 16.0 18.0 17.7 18.1 34.3 34.5 36.5 39.8 39.4 39.0 38.7 37.8 34.0 39.4 38.7 37.0 7.1 7.2 7.7 8.41 8.4 8.5 8.5 8.2 7.0 8.4 8.2 7.9 41.4 41.7 44.2 48.2 47.8 47.5 47.2 46.0 41.0 47.8 46.9 44.9 ཙྩུཎྜཎམྦྷ ནལམྦྷསྶ སྨྱུགྲུཊྚ ཝེཀྐཐཱ॰སྶ ཉྩིཀྐམ༞ སྐྱོབྷིཊྛི 631 གྷཧགསྐ༄༅༅སིསྐྱ ཿ ⌘ཎྜནྡྷུ་སྒྱུཥྞ༞ཏུ་ གླེནམཆ རྒྱུུབྷཱུཊྛི 455 465 475 490 488 125 116 116 111 109 117 107 106 101 99 8 9 10 10 10 580 581 591 601 597 280 289. 294 313 315 31 31 32 32 31 23 22 22 22 21 8 9 10 10 311 320 326 345 10 346 6,318 6,608 6,589 6,380 6,281 6,135 6,136 1,407 1.343 1,346 1,331 1,301 1.325 7,777 7,731 8,015 7.932 7,726 7,612 7.436 7,461 བྷུཎྜ8ང༔ དྷ#ལངྐངྐ ཨྰསྐྱིཧུ (1) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (2) Refer to page 53 of the Q3 2023 Quarterly 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) Excludes affiliates. (4) Employees are reported on a full-time equivalent basis Scotiabank Supplementary Financial Information (SFI) 492 465 139 116 130 107 9 9 631 581 297 289 34 31 25 22 9 9 331 320 ម្ម ឬ ≡ “ 8 ខ្លះ ក ន “ ក៏ 455 125 117 8 580 280 31 23 8 ༈༙89 ཤྐརསཥྞ༈༙ 488 109 99 10 597 315 31 21 10 311 346#14Back to Table of Contents Business Segment Performance: Global Banking and Markets 2023 2022 2021 Year-To-Date Full Year Q3 Q2 F0 Q1 Q4 Q3 Q2 Q1 10 Q4 Q3 2023 2022 2022 2021 Income Statement - Taxable Equivalent Basis (TEB)-($millions) Net interest income (TEB) Non-interest income (TEB) Net fee and commission revenues Other operating income (TEB) Total revenue (TEB) Provision for credit losses-Charge/(Recovery) Non-interest expenses Income before taxes 337 384 454 492 405 360 373 365 363 1,175 1,138 1,630 1,436 1,006 968 1,049 862 747 902 1,031 812 890 3,023 2,680 3,542 3,587 537 545 383 454 336 372 416 395 460 1,465 1,124 1,578 1,761 469 423 666 408 411 530 615 417 430 1,558 1,556 1,964 1,826 1,343 1,352 1,503 1,354 1,152 1,262 1,404 1,177 1,253 4,198 3,818 5,172 5.023 (6) 53 15 11 (15) (46) (16) (50) (27) 62 (77) (66) (100) 758 752 773 696 655 653 670 591 620 2,283 1,978 2,674 2,458 591 547 715 647 512 655 750 636 660 1,853 1,917 2,564 2,665 Income tax expense (TEB) 157 146 196 163 134 167 189 134 147 499 490 653 590 Reported net income 434 401 519 484 378 488 561 502 513 1,354 1,427 1,911 2,075 Reported net income attributable to equity holders of the Bank (NIAEH) 434 401 519 484 378 488 561 502 513 1,354 1,427 1,911 2,075 Revenue (TEB) by business and capital markets Business banking Capital markets Total revenue (TEB) Capital markets revenue: Interest rate and credit Equities Commodities Foreign exchange Total capital markets revenue (TEB) Profitability Measurements 745 798 802 850 729 708 668 622 649 2,345 2,105 2,955 2,518 598 554 701 504 423 554 736 555 604 1,853 1,713 2,217 2,505 1,343 1,352 1,503 1,354 1,152 1,262 1,404 1,177 1,253 4,198 3,818 5,172 5,023 250 223 324 180 128 185 305 219 264 797 618 798 1,150 255 196 226 193 197 232 311 256 264 677 740 933 1,026 16 40 47 24 21 51 32 21 16 103 104 128 82 77 95 104 10.7 77 86 88 59 60 276 251 358 247 598 554 701 504 423 554 736 555 604 1,853 1,713 2,217 2,505 Net write-offs as a % of average net loans and acceptances(1) (0.01) 0.02 0.01 (0.11) 0.02 0.01 0.03 (0.03) (0.02) 0.05 Reported Return on equity (%) (2) 12.9 10.5 13.2 13.4 11.1 15.6 17.4 15.5 16.1 12.2 14.6 14.3 16.5 Provision for credit losses (PCL) as % of average net loans and acceptances (1)(3) (0.02) 0.15 0.04 0.03 (0.05) (0.16) (0.06) (0.18) (0.11) 0.06 (0.09) (0.06) (0.10) PCL on impaired loans as % of average net loans and acceptances ((3) Productivity ratio (%) (¹) (0.03) - 0.06 (0.06) (0.01) (0.03) 0.01 0.03 (0.01) (0.03) (0.01) 0.03 56.5 55.6 51.4 51.4 56.8 51.7 47.7 50.3 49.5 54.4 51.8 51.7 48.9 Securities purchased under resale agreements Average Balance Sheet ($ billions) Business and government loans & acceptances Trading Assets Securities Loans Investment securities Deposits with banks Other assets Total assets Total deposits Other liabilities Total liabilities Other Information Employees In Canada Outside Canada Total 126.1 132.3 131.6 122.5 111.5 102.0 98.7 93.7 91.4 130.0 104.1 108.7 91.8 187.5 186.9 171.9 155.0 143.7 127.2 131.0 119.3 117.3 182.0 134.1 139.3 116.9 111.3 103.0 107.8 106.5 120.3 137.8 155.4 136.5 134.9 107.4 137.8 129.9 134.6 103.4 95.5 99.9 98.6 112.2 129.6 147.4 130.3 128.4 99.6 129.7 121.9 127.7 7.9 7.5 7.9 7.9 8.1 8.2 8.0 6.2 6.5 7.8 8.1 8.0 6.9 6.3 6.4 5.9 5.7 5.8 5.6 5.6 5.8 5.8 6.2 5.7 5.7 6.1 1.6 0.2 (1.0) 0.2 0.9 0.3 0.9 0.2 0.4 0.3 0.7 0.6 0.2 59.9 59.1 64.3 71.0 60.8 58.4 52.6 53.0 51.1 61.1 57.2 60.8 51.3 492.7 487.9 480.5 460.9 443.0 431.3 444.2 408.5 400.9 487.0 439.6 445.0 400.9 178.5 182.2 185.1 179.4 170.0 163.6 165.2 159.6 155.4 181.9 166.3 169.6 156.3 271.7 263.8 269.6 250.6 249.2 236.5 241.5 222.5 218.0 268.4 242.5 244.5 228.8 450.2 446.0 454.7 430.0 419.2 400.1 406.7 382.1 373.4 450.3 408.8 414.1 385.1 1,157 1,117 1,120 1,080 1,074 1,063 1,055 1,043 1,038 1,171 1,084 1,091 1,145 1,131 1,054 1,052 1,089 1,092 2,328 2,201 2,211 2,225 2,205 2,117 2,107 2,132 2,130 (1) Refer to page 53 of the Q3 2023 Quarterly 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) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (3) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures. (4) Employees are reported on a full-time equivalent basis. Scotiabank Supplementary Financial Information (SFI).#15Back to Table of Contents Business Segment Performance: Other (¹) Income Statement - Taxable Equivalent Basis (TEB)-($ millions) Net interest income (TEB)(2) Non-interest income (TEB) (2) (3) (4) Total revenue (TEB)(²) Provision for credit losses Non-interest expenses (4) Income before taxes Income tax expense/(recovery) (TEB)(2) Reported net income Adjusting items (after-tax)(5) Adjusted net income (5) 03 Q3 2023 22 Q2 2022 2021 Q1 Q4 Q3 Q2 Q1 Q4 Year-To-Date Full Year 03 Q3 2023 2022 2022 2021 (550) (474) (383) (245) (49) 98 (101) (135) (328) (410) (154) (86) ེན 20 78 (1,407) 65 (180) 242 (64) (5) (66) (564) (304) (714) 91 (651) (609) (711) (655) (203) 12 (48) 15 12 (1,971) (239) (894) 333 (1) 4 (1) 4 3 (1) 22 70 4 274 60 111 124 346 99 96 295 569 700 (673) (679) (715) (928) (267) (99) (172) (330) (87) (2,067) (538) (1,466) (366) (374) (356) 198 (325) (215) (89) (105) (155) (81) (532) (409) (734) (362) (299) (323) (913) (603) (52) (10) (67) (175) (6) (1,535) (129) (732) (4) 579 504 139 579 504 139 (299) (323) (334) (99) (52) (10) (67) (36) (6) (956) (129) (228) 135 Reported net income attributable to non-controlling interests Reported net income attributable to equity holders of the Bank (11) 1 (10) (299) (323) (913) (603) (52) (10) (67) (164) (7) (1,535) (129) (732) 6 Adjusted net income attributable to non-controlling interests (5) Adjusted net income attributable to equity holders of the Bank(5) Average Balances ($ billions) 1 (1) 1 1 (299) (323) (334) (100) (52) (10) (67) (35) (7) (956) (129) (229) 135 Total assets Total liabilities 183.0 179.2 187.2 175.4 172.6 173.4 155.1 143.4 143.1 183.7 166.0 168.0 152.4 272.7 278.2 282.8 277.3 262.4 269.2 246.6 206.1 193.0 278.6 258.5 262.7 193.8 Additional Information ($ millions) (2) Net interest income TEB adjustment Non-interest income TEB adjustment Total revenue TEB adjustment Income tax expense TEB adjustment (1) Represents smaller operating segments including Group Treasury and corporate adjustments. 9 10 10 12 11 10 9 7 5 29 30 42 22 110 109 110 87 81 82 83 84 69 329 246 333 288 119 119 120 99 92 92 92 91 74 358 276 375 310 (119) (119) (120) (99) (92) (92) (92) (91) (74) (358) (276) (375) (310) (2) The Bank analyzes revenues on a taxable equivalent basis (TEB) for the main operating segments. The elimination of the TEB gross-up is recorded in the Other segment. The results of the Consolidated Bank are presented on a non-TEB basis. Please refer to the MD&A for details of the TEB methodology. (3) Includes net loss on divestitures and wind-down of operations. (4) Includes elimination of fees paid to Canadian Banking by Canadian Wealth Management for administrative support and other services provided by Canadian Banking to the Global Wealth Management businesses. These are reported as revenues in Canadian Banking and operating expenses in Global Wealth Management. (5) Refer to Non-GAAP Measures on Notes Pages 1-3 of the Supplementary Financial Information Report. Supplementary Financial Information (SFI) 9 Scotiabank#16Back to Table of Contents Non-Interest Income ($ millions) Card revenues Banking services fees Credit fees Total banking revenues Mutual funds Brokerage fees 2023 2022 2021 Year-To-Date Full Year Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2023 2022 2022 2021 188 190 201 195 187 207 190 187 177 579 584 779 749 474 462 469 456 447 430 437 414 400 1,405 1,314 1,770 1,598 469 447 466 451 398 397 401 368 382 1,382 1,131 1,099 1,136 1,102 1,032 1,034 1,028 969 959 3,366 1,196 3,094 1,647 4,196 3,832 1,485 541 527 532 528 538 575 628 605 580 1,600 1,741 2,269 2,394 285 269 279 264 276 287 298 265 263 833 861 1,125 1,039 Investment management and trust Investment management and custody 202 196 198 190 196 202 207 202 199 596 605 795 792 Personal and corporate trust 59 60 55 52 51 52 49 49 53 174 152 204 202 Total investment management and trust 261 256 253 242 247 254 256 251 252 770 757 999 994 Total wealth management revenues 1,087 1,052 1,064 1,034 1,061 1,116 1,182 1,121 1,095 3,203 3,359 4,393 4,427 Underwriting and advisory fees 146 154 102 136 98 137 172 144 198 402 407 543 724 Non-trading foreign exchange 213 227 232 228 209 216 225 179 194 672 650 878 787 Other fees and commissions 283 282 186 206 143 145 156 153 171 751 444 650 677 Total fee and commission revenues 2,860 2,814 2,720 2,706 2,543 2,648 2,763 2,566 2,617 8,394 7,954 10,660 10,447 Net income from investments in associated corporations 55 64 16 49 44 84 91 96 73 135 219 268 339 Other operating income Trading revenues 360 389 634 418 311 453 609 409 478 1,383 1,373 1,791 2,033 Net gain on sale of investment securities 30 56 44 71 1 2 83 80 130 3 74 419 Insurance underwriting income, net of claims 113 123 112 114 113 105 101 102 83 348 319 433 398 Other(2) 92 17 (115) (354) 112 178 139 214 209 (6) 429 75 655 Total other operating income 595 585 675 249 536 737 851 808 850 1,855 2,124 2,373 3,505 Total non-interest income (reported) 3,510 3,463 3,411 3,004 3,123 3,469 3,705 3,470 3,540 10,384 10,297 13,301 14,291 Adjusting items (1) Net loss on divestitures and wind down of operations (2) Total non-interest income (adjusted)(¹) 361 361 3,510 3,463 3,411 3,365 3,123 3,469 3,705 3,470 3,540 10,384 10,297 13,662 14,291 (1) Refer to Non-GAAP Measures on Notes Pages 1-3 of the Supplementary Financial Information Report. (2) Recorded in Other - Other Operating Income above. Scotiabank Supplementary Financial Information (SFI) 10#17Back to Table of Contents Revenue from Trading-Related Activities and Assets Under Administration and Management 2023 2022 2021 Year-To-Date ($ millions) Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 03 Q3 2023 2022 Full Year 2022 2021 Trading-related revenue (TEB)(1) (2) Net interest income (37) (92) (62) (38) (53) (31) 10 35 33 (191) (74) Non-interest income Trading revenues 470 498 744 505 392 535 692 493 547 1,712 1,619 (112) 136 2,124 2,321 Other fees and commission 141 149 40 80 23 22 33 36 46 330 78 158 185 Total non-interest income 611 647 784 585 415 557 725 529 593 2,042 1,697 2,282 2,506 Total Trading-related revenue (2) 574 555 722 547 362 526 735 564 626 1,851 1,623 2,170 2,642 Trading-related revenue by product (TEB)(2) Interest rate and credit 191 160 272 133 118 112 243 167 215 623 473 606 941 Equities 248 178 205 150 179 209 291 236 244 631 679 829 932 Foreign exchange and Other (3) 135 217 245 264 65 205 201 161 167 597 471 735 769 Trading-related revenue by product (TEB) (2) 574 555 722 547 362 526 735 564 626 1,851 1,623 2,170 2,642 Taxable equivalent adjustment 110 109 110 87 81 82 83 84 69 329 246 333 288 Total trading-related revenue by product (Non-TEB)(2) 464 446 612 460 281 444 652 480 557 1,522 1,377 1,837 2,354 Assets under administration ($ billions) (4) Retail brokerage 208.2 Investment management and trust Personal Mutual funds Institutional Total 690.8 203.6 202.7 192.4 195.6 200.8 206.8 201.0 194.5 179.5 180.0 169.6 162.7 147.5 147.2 140.9 144.7 139.4 387.7 383.6 372.3 355.1 343.1 348.0 347.7 345.7 333.9 211.4 210.1 205.6 198.8 206.6 212.6 224.2 225.2 223.2 91.7 90.5 86.8 87.7 80.4 79.6 79.3 82.0 79.3 684.2 664.7 641.6 630.1 640.2 651.2 652.9 636.4 Assets under management ($ billions) (4) Personal 82.5 81.9 80.2 76.7 77.0 77.3 Mutual funds 195.5 194.2 190.1 184.1 191.0 195.0 Institutional Total 53.3 331.3 53.4 329.5 52.1 322.4 50.3 51.6 53.9 78.8 205.6 60.9 76.3 73.2 206.9 205.1 62.6 62.5 311.1 319.6 326.2 345.3 345.8 340.8 (1) Trading-related revenue consists of net interest income and non-interest income. Included are unrealized gains and losses on security positions held, realized gains and losses from the purchase and sale of securities, fees and commissions from securities borrowing and lending activities, and gains and losses on trading derivatives. Underwriting and advisory fees, which are shown separately in the consolidated statement of income, are excluded. (2) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (3) Foreign exchange and Other includes trading-related revenues from foreign exchange, commodities and other trading activities of the Bank. (4) Refer to page 53 of the Q3 2023 Quarterly 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. Scotiabank Supplementary Financial Information (SFI) 11#18Back to Table of Contents Operating Expenses ($ millions) Salaries and employee benefits Salaries 2023 2022 2021 Year-To-Date Full Year Q3 Q2 Q1 69 Q4 Q3 22 Q2 01 Q1 Q4 Q3 2023 2022 2022 2021 1,400 1,377 1,368 1,290 1,273 1,212 1,214 1,192 1,190 4,145 3,699 4,989 4,694 Performance-based compensation 511 523 515 493 458 483 570 458 513 Share-based payment 67 108 81 54 71 87 123 55 40 Other employee benefits 401 417 376 350 392 393 373 349 388 1,549 256 1,194 281 1,158 1,511 2,004 2,086 335 223 1,508 1,538 Total salaries and employee benefits 2,379 2,425 2,340 2,187 2,194 2,175 2,280 2,054 2,131 7,144 6,649 8,836 8,541 Premises Rent Property taxes Other premises costs Total premises Technology 524 Depreciation 197 'ཙུཎྜཤྩ ༞ ༠ ៨ ហ 2026 (6) (1) (1) 1 2 (2) (2) 1 27 24 23 21 25 21 23 27 74 71 92 97 109 112 110 110 106 110 100 101 103 331 316 426 415 137 136 134 131 136 129 120 123 131 407 385 516 513 521 506 505 476 461 466 475 466 1,551 1,403 1,908 1,838 197 189 193 183 187 186 194 190 583 556 749 769 200 Amortization Amortization of software intangibles 195 194 Amortization of intangibles 20 21 Total amortization 215 215 Communications 101 101 Advertising and business development 142 139 Professional 199 187 8བརྞཱ ཙ སྐྱ ¢ 196 178 174 169 164 165 159 585 507 685 640 21 23 24 25 N 25 24 24 62 74 97 102 217 201 198 194 189 189 183 647 581 782 742 90 88 93 90 93 86 296 271 361 369 136 140 123 108 109 126 93 417 340 480 404 175 239 200 20 195 192 42 242 211 561 587 826 789 Business and capital taxes Business taxes 142 138 140 121 120 116 126 Capital taxes 12 20 21 13 15 16 14 Total business and capital taxes 154 158 161 134 135 132 140 Other 514 497 512 709 458 485 451 ឌ ៩៩៩ 109 420 362 483 461 13 53 45 58 50 122 473 407 541 511 655 484 1,523 1,394 2,103 2,142 Total operating expenses 4,562 4,576 4,464 4,529 4,191 4,159 4,223 4,271 4,097 13,602 12,573 17,102 16,618 Adjusting items (¹) Amortization of acquisition-related intangible assets (2) Restructuring and other provisions (3) Support costs of the Scene+ loyalty program (3) སྐྱེ་ ་ (20) (21) Total adjusting items (20) (21) ཊུ' '8 (21) (24) (24) 219 (24) (25) (25) 24 (24) (62) (73) (97) (103) (85) (188) (85) (188) (133) (133) (21) (242) (24) (24) (25) (213) (24) (62) (73) (315) (291) Adjusted operating expenses (¹) 4,542 4,555 4,443 4,287 4,167 4,135 4,198 4,058 4,073 13,540 12,500 16,787 16,327 (1) Refer to Non-GAAP Measures on Notes Pages 1-3 of the Supplementary Financial Information Report. (2) Recorded in Depreciation and Amortization. (3) Recorded in Other Operating Expenses above. Scotiabank Supplementary Financial Information (SFI) 12#192023 2022 2021 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 90,325 1,009 63,893 1,191 81,386 725 65,895 543 67,715 837 85,910 1,056 99,053 527 86,323 755 75,881 759 Back to Table of Contents Consolidated Statement of Financial Position - Assets (Spot Balances) ($ millions) Assets Cash and deposits with financial institutions Precious metals Trading assets Securities Loans Other 108,310 8,420 2,571 105,560 6,910 106,735 7,642 103,547 7,811 108,538 8,295 123,413 8,483 143,021 8,494 137,148 8,113 133,575 6,793 2,225 1,969 1,796 1,772 1,748 1,432 1,051 752 Total trading assets 119,301 114,695 116,346 113,154 118,605 133,644 152,947 146,312 141,120 Securities purchased under resale agreements and securities borrowed 198,358 184,684 178,690 175,313 155,217 148,706 132,714 127,739 129,013 Derivative financial instruments 44,655 44,725 44,820 55,699 47,139 54,608 40,655 42,302 41,904 Investment securities 110,195 116,595 111,004 110,008 108,222 100,487 81,699 75,199 81,734 Loans to customers Residential mortgages Personal loans Credit cards Business and government Sub-total Allowance for credit losses Total net loans 347,707 353,560 353,527 349,279 343,965 337,714 330,991 319,678 310,370 103,733 102,178 101,041 99,431 96,561 94,437 92,622 91,540 91,544 16,607 16,053 15,494 14,518 13,871 13,622 13,145 12,450 12,194 290,051 298,013 290,608 287,107 264,128 249,223 236,072 218,944 219,720 758,098 5,893 752,205 769,804 5,736 764,068 760,670 750,335 718,525 694,996 5,513 755,157 5,348 744,987 5,147 713,378 5,294 689,702 672,830 5,492 667,338 642,612 633,828 5,626 636,986 6,079 627,749 Other Customers' liability under acceptances, net of allowance 20,425 Current tax assets 2,437 21,901 2,428 21,872 2,228 19,494 3,349 19,817 2,802 19,043 2,844 20,901 20,404 17,023 1,745 1,722 1,769 Investment property 38 40 40 36 36 39 40 40 42 Land, buildings and equipment 5,647 5,606 5,659 5,664 5,493 5,532 5,542 5,581 5,496 Investments in associates 2,607 2,708 2,684 2,633 2,733 2,760 2,740 2,604 2,504 Goodwill and other intangible assets 17,262 17,396 17,170 16,833 16,580 16,712 16,752 16,604 16,703 Deferred tax assets 3,159 2,193 2,508 1,903 905 1,137 1,969 2,051 2,108 Other assets Total other assets Total Assets 28,475 31,075 34,149 80,050 83,347 86,310 33,907 83,819 32,623 80,989 26,326 74,393 20,852 20,222 19,624 70,541 69,228 65,269 1,396,098 1,373,198 1,374,438 1,349,418 1,292,102 1,288,506 1,245,474 1,184,844 1,163,429 Scotiabank Supplementary Financial Information (SFI) 13#20Back to Table of Contents Consolidated Statement of Financial Position — Liabilities and Equity (Spot Balances) ($ millions) Liabilities Deposits 2023 2022 2021 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Personal 284,738 Business and government 615,431 283,651 611,376 274,879 621,740 265,892 597,617 259,503 566,966 252,847 569,268 247,067 559,616 243,551 247,462 511,348 503,314 Financial institutions 57,056 50,511 53,268 52,672 Total deposits 957,225 945,538 949,887 916,181 53,113 879,582 54,439 44,362 42,360 43,610 876,554 851,045 797,259 794,386 Financial instruments designated at fair value through profit or loss 28,893 26,935 26,583 22,421 22,876 21,927 23,979 22,493 21,961 Other Acceptances 20,478 21,951 21,912 19,525 19,844 19,070 20,934 20,441 17,085 Obligations related to securities sold short 37,522 41,310 43,439 40,449 44,220 44,620 46,133 40,954 43,276 Derivative financial instruments 50,848 50,562 52,746 65,900 56,880 57,123 39,697 42,203 38,894 Obligations related to securities sold under repurchase agreements and securities lent Current tax liabilities 147,432 132,631 132,206 139,025 128,145 131,978 122,878 123,469 112,516 Subordinated debentures 530 9,566 389 409 8,784 8,713 463 8,469 288 8,413 224 575 1,344 1,369 8,447 6,338 6,334 6,418 Provisions for off-balance sheet credit risks and other Deferred tax liabilities 260 1,408 295 1,105 321 Other Total other liabilities Total Liabilities Equity Common equity Common shares Retained earnings Other reserves 64,218 332,262 1,318,380 64,948 321,975 1,294,448 1,068 61,403 322,217 1,298,687 333 252 1,099 1,075 60,804 56,942 336,067 316,059 1,274,669 1,218,517 254 277 1,154 1,170 55,188 58,502 55,981 318,058 296,504 292,200 274,921 1,216,539 1,171,528 1,111,952 1,091,268 325 169 1,149 1,184 54,010 19,627 19,160 18,732 18,707 18,728 18,799 18,421 18,507 18,493 55,783 54,967 54,165 53,761 53,151 52,209 51,848 51,354 50,044 Accumulated other comprehensive income (7,340) (4,906) (6,640) (7,166) (6,684) (6,034) (4,324) (5,333) (3,986) (88) (144) (145) (152) (152) (141) 227 222 169 Total common equity 67,982 69,077 66,112 65,150 65,043 64,833 66,172 64,750 64,720 Preferred shares and other equity instruments 8,075 8,075 8,075 Total equity attributable to equity holders of the Bank 76,057 77,152 74,187 8,075 73,225 7,052 72,095 5,552 70,385 5,552 71,724 6,052 5,299 70,802 70,019 Non-controlling interests in subsidiaries 1,661 Total Equity 77,718 1,598 78,750 1,564 75,751 1,524 74,749 1,490 73,585 1,582 71,967 2,222 73,946 2,090 2,142 72,892 72,161 Total Liabilities and Equity 1,396,098 1,373,198 1,374,438 1,349,418 1,292,102 1,288,506 1,245,474 1,184,844 1,163,429 Scotiabank Supplementary Financial Information (SFI) 14#21Back to Table of Contents Average Balance Sheet ($ millions) Deposits with financial institutions Q3 79,729 2023 2022 2021 Year-To-Date Full Year Q2 73,123 Q1 76,271 Q4 66,073 Q3 78,134 Q2 Q1 94,428 89,484 Q4 76,635 Q3 73,216 2023 76,410 2022 87,271 2022 81,928 2021 75,562 Trading assets - Securities 117,052 - Loans 7,887 Total trading assets 124,939 107,996 7,615 115,611 111,996 7,978 119,974 109,609 8,198 117,807 120,724 8,166 128,890 136,569 8,221 144,790 155,174 8,009 163,183 138,467 6,234 144,701 136,726 6,497 143,223 112,396 7,829 120,225 137,499 8,131 145,630 130,469 8,148 138,617 135,917 6,938 142,855 Securities purchased under resale agreements and securities borrowed 191,030 189,757 174,942 157,438 146,002 129,761 133,171 121,640 120,779 185,193 136,383 141,690 119,818 Investment securities including investments in associates 116,816 117,542 114,902 111,944 105,153 91,618 80,246 80,875 85,842 116,407 92,347 97,287 92,208 Loans to customers - Residential mortgages - Personal loans Credit cards - Business and government - Sub-total - Allowance for credit losses Total loans to customers Customer's liability under acceptances Total earning assets(¹) Derivative financial instruments Other assets 350,534 353,227 351,178 346,793 341,673 335,368 326,748 316,497 302,736 104,020 102,337 101,099 98,886 96,385 93,904 92,675 91,958 91,393 16,348 292,850 15,823 297,071 15,117 14,279 13,862 13,398 12,941 12,358 12,401 351,629 102,487 15,762 334,588 337,664 299,728 94,326 95,475 92,010 13,401 13,622 13,255 293,029 278,331 260,869 242,840 230,958 222,617 216,167 294,286 244,911 253,335 217,243 763,752 768,458 760,423 5,889 757,863 5,657 762,801 5,504 754,919 738,289 5,295 732,994 712,789 685,510 663,322 643,430 622,697 5,250 707,539 5,425 680,085 5,522 657,800 5,912 637,518 6,356 616,341 764,164 5,683 758,481 687,226 700,096 622,236 5,399 681,827 5,372 694,724 6,826 615,410 21,995 20,364 20,535 20,428 18,123 20,610 20,567 18,202 16,407 20,972 19,758 19,926 16,452 1,292,372 1,279,198 1,261,543 1,206,684 1,183,841 1,161,292 1,144,451 1,079,571 1,055,808 1,277,688 1,163,216 1,174,172 1,062,305 44,774 64,369 45,751 65,510 50,431 68,034 58,920 67,293 47,960 63,364 46,033 56,868 41,983 52,182 43,013 50,123 41,714 50,575 47,330 66,177 44,991 56,942 48,206 59,330 43,741 51,167 Total assets 1,401,515 1,390,459 1,380,008 1,332,897 1,295,165 1,264,193 1,238,616 1,172,707 1,148,097 1,391,195 1,265,149 1,281,708 1,157,213 Deposits from customers 904,175 Deposits from banks 56,735 Financial instruments designated at fair value through profit or loss 27,132 988,042 905,945 55,881 24,168 985,994 889,604 856,797 55,143 56,205 23,510 22,947 968,257 935,949 835,768 56,246 21,878 913,892 817,837 49,152 23,006 889,995 791,597 45,335 23,181 860,113 754,147 43,336 22,575 820,058 738,451 45,363 21,476 805,290 899,841 815,037 825,563 735,114 55,920 50,257 51,756 44,389 24,945 980,706 22,685 22,751 21,111 887,979 900,070 800,614 42,637 43,784 44,986 45,466 46,859 47,241 48,386 44,224 44,902 43,803 47,498 46,986 43,605 Securities sold short Obligations related to securities sold under repurchase Agreements and securities lent Subordinated debentures Other liabilities Shareholders' equity - Common shares, retained earnings, accumulated other Comprehensive income and other reserves - Preferred shares 142,640 133,317 136,117 118,184 117,780 112,935 121,478 109,038 107,753 137,402 117,447 117,633 116,526 9,567 9,091 8,907 8,729 8,623 7,187 6,500 6,491 6,459 9,189 7,439 7,764 6,574 140,380 141,010 146,479 150,533 134,484 134,226 128,635 119,058 111,636 143,342 131,665 135,887 118,026 68,529 67,594 8,075 8,075 65,631 8,075 65,096 64,938 65,503 65,461 64,735 64,089 67,080 65,200 65,190 63,827 7,397 7,025 5,552 5,883 6,966 5,807 8,075 6,160 6,472 5,748 1,645 78,249 1,594 77,263 1,556 75,262 1,543 1,564 1,554 2,160 2,137 2,161 1,598 1,761 1,706 2,293 74,036 73,527 72,609 73,504 73,838 72,057 76,753 73,121 73,368 71,868 1,401,515 1,390,459 1,380,008 1,332,897 1,295,165 1,264,193 1,238,616 1,172,707 1,148,097 1,391,195 1,265,149 1,281,708 1,157,213 - Non-controlling interests in subsidiaries - Total shareholders' equity Total liabilities and shareholders' equity (1) Refer to Non-GAAP Measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. Scotiabank Supplementary Financial Information (SFI) 15#22Back to Table of Contents Consolidated Statement of Changes in Equity ($ millions) Common Shares Balance at beginning of period Share issuance, net of repurchase/redemptions Balance at end of period Retained Earnings 2023 Q3 22 Q2 Q1 Q4 2022 33 22 Q2 Q1 2021 Year-To-Date Full Year 64 Q4 Q3 2023 2022 2022 2021 19,160 467 18,732 428 18,707 18,728 18,799 18,421 18,507 18,493 25 19,627 19,160 18,732 (21) 18,707 (71) 378 (86) 14 18,377 116 18,707 18,507 18,507 920 221 200 18,239 268 18,728 18,799 18,421 18,507 18,493 19,627 18,728 18,707 18,507 Balance at beginning of period 54,967 54,165 53,761 53,151 52,209 51,848. 51,354 50,044 48,713 53,761 51,354 51,354 46,345 Net income attributable to common shareholders of the Bank Dividends paid to common shareholders of the Bank 2,086 2,029 1,631 1,949 2,504 2,595 2,608 2,411 2,426 5,746 7,707 9,656 9,391 (1,270) (1,227) (1,228) (1,227) (1,229) (1,195) (1,207) (1,095) (1,093) (3,725) (3,631) (4,858) (4,371) Shares repurchased/redeemed Other Balance at end of period (102) (331) (1,038) (896) (2,265) (2,367) 1 (10) (2) (1) (11) (6) (2) 1 (14) (24) (11) 55,783 54,967 54,165 53,761 53,151 52,209 51,848 51,354 50,044 55,783 53,151 53,761 51,354 Accumulated Other Comprehensive Income (Loss) Balance at beginning of period (4,906) (6,640) (7,166) (6,684) (6,034) (4,324) (5,333) (3,986) (3,979) (7,166) (5,333) (5,333) (2,125) Other comprehensive income, net of income tax (2,434) 1,734 526 (482) (650) (1,710) 1,009 (1,347) (7) (174) (1,351) (1,833) (3,208) Foreign currency translation (812) 632 524 2,218 (753) (264) 1,030 (803) (166) 344 13 2,231 (3,381) Debt instruments at fair value through other comprehensive income Equity instruments at fair value through other comprehensive income Cash flow hedges 101 201 333 (532) (26) (495) (159) (239) (124) 635 (680) (1,212) (600) (158) (39) 82 (104) (122) 22 129 94 73 (115) 29 (75) 454 (415) (98) 537 (1,933) (49) (2,350) (240) (680) 225 24 (2,639) (4,572) (853) Other (1,150) 1,038 (950) (131) Balance at end of period (7,340) (4,906) (6,640) (7,166) 300 (6,684) 1,377 (6,034) 249 (4,324) 281 (15) (1,062) 1,926 1,795 1,172 (5,333) (3,986) (7,340) (6,684) (7,166) (5,333) Other Reserves Balance at beginning of period Share-based payments Shares issued Other Balance at end of period Total Common Equity at End of Period (144) (145) (152) (152) (141) 227 222 169 348 (152) 222 222 360 1 2 པ 9 1 1 2 6 (1) (2) (1) (4) (13) 55 (12) (366) 12 (88) (144) (145) (152) (152) (141) 227 222 – བྱ་སླུ 1 1 12 9 10 7 (2) (6) (3) (17) (18) (25) 54 (174) 55 (366) (366) (120) 169 (88) (152) (152) 222 67,982 69,077 66,112 65,150 65,043 64,833 66,172 64,750 64,720 67,982 65,043 65,150 64,750 Composition of Accumulated Other Comprehensive Income (Loss) Foreign currency translation (2,134) (1,322) (1,954) (2,478) (4,696) (3,943) (3,679) (4,709) (3,906) Debt instruments at fair value through other comprehensive income Equity instruments at fair value through other comprehensive income Cash flow hedges (847) (948) (1,149) (1,482) (950) (924) (429) (270) (31) 101 259 298 216 320 442 420 291 197 (4,762) Other 302 Total (7,340) (4,347) 1,452 (4,906) (4,249) 414 (6,640) (4,786) 1,364 (7,166) (2,853) 1,495 (6,684) (2,804) (454) (214) 466 1,195 (182) (431) (712) (6,034) (4,324) (5,333) (3,986) Scotiabank Supplementary Financial Information (SFI) 16#23Back to Table of Contents Consolidated Statement of Changes in Equity (Continued) ($ millions) Preferred Shares and other Equity Instruments Balance at beginning of period Issued Repurchased/redeemed 03 Q3 2023 Q2 22 Q1 Q4 03 2022 Q2 01 Q1 2021 Year-To-Date Full Year 40 Q4 Q3 2023 2022 2022 2021 8,075 8,075 8.075 7,052 5,552 5,552 6,052 5,299 4,549 8,075 6,052 6,052 5,308 1,023 1,500 753 1,250 1,500 2,523 2,003 (500) (500) (500) (500) (1,259) Net income attributable to preferred shareholders and other equity instrument holders of the Bank Dividends paid to preferred shareholders and other equity instrument holders of the Bank Balance at end of period 105 104 101 106 36 74 44 78 35 310 154 260 233 (105) (104) (101) (106) (36) (74) (44) (78) (35) (310) (154) (260) (233) 8,075 8,075 8,075 8,075 7,052 5,552 5,552 6,052 5,299 8,075 7,052 8,075 6,052 Non-Controlling Interests: Non-Controlling Interests in Subsidiaries Balance at beginning of period Net income attributable to non-controlling interests in subsidiaries Other comprehensive income, net of income tax Distributions to non-controlling interests Other Balance at end of period Total Equity at End of Period Scotiabank 1,598 1,564 1,524 1,490 1,582 2,222 2,090 2,142 2,414 1,524 2,090 2,090 2,376 21 26 40 38 54 78 8 88 70 81 87 220 258 331 68 47 23 22 (86) (22) 61 (97) (52) 138 (47) (25) (206) (14) (38) (23) (26) (13) (59) (17) (25) (13) (75) (89) (115) (123) (12) (1) (47) (637) (288) (13) (684) (684) (288) 1,661 1,598 1,564 1,524 1,490 1,582 2,222 2,090 2,142 1,661 1,490 1,524 2,090 77,718 78,750 75,751 74,749 73,585 71,967 73,946 72,892 72,161 77,718 73,585 74,749 72,892 Supplementary Financial Information (SFI) 17#24Back to Table of Contents Loans and Acceptances by Type of Borrower ($ billions) Residential mortgages Personal loans Credit cards Personal July 31, 2023 April 30, 2023 January 31, 2023 October 31, 2022 July 31, 2022 Balance % of Total Balance % of Total Balance % of Total Balance % of Total Balance % of Total 347.7 44.7% 353.6 44.7% 353.5 45.2% 349.3 45.4% 343.9 46.5% 103.7 13.3% 102.2 12.9% 101.1 12.9% 99.4 12.9% 96.6 13.1% 16.6 2.1% 16.0 2.0% 15.5 2.0% 14.5 1.9% 13.9 1.9% 468.0 60.1% 471.8 59.6% 470.1 60.1% 463.2 60.2% 454.4 61.5% Financial services Non-bank 30.0 3.8% 33.0 4.2% 34.6 4.4% 35.2 4.6% 32.8 4.4% Bank(1) 0.9 0.1% 2.0 0.3% 2.9 0.4% 4.2 0.5% 3.8 0.5% Wholesale and retail 33.9 4.4% 35.3 4.5% 34.6 4.4% 34.3 4.5% 32.3 4.4% Real estate and construction 66.2 8.5% 67.1 8.5% 63.3 8.1% 60.9 7.9% 56.2 7.6% Energy 9.3 1.2% 9.4 1.2% 9.0 1.2% 9.2 1.2% 9.0 1.2% Transportation 10.1 1.3% 10.3 1.3% 9.9 1.3% 9.3 1.2% 8.7 1.2% Automotive 16.5 2.1% 17.4 2.2% 15.9 2.0% 14.6 1.9% 13.2 1.8% Agriculture 17.6 2.3% 18.2 2.3% 18.6 2.4% 19.8 2.6% 18.9 2.6% Hospitality and leisure 4.0 0.5% 4.0 0.5% 4.0 0.5% 4.0 0.5% 3.9 0.5% Mining 6.7 0.9% 6.5 0.8% 6.2 0.8% 6.2 0.8% 5.8 0.8% Metals 2.4 0.3% 2.7 0.3% 2.6 0.3% 2.8 0.4% 2.8 0.4% Utilities 29.4 3.8% 30.0 3.8% 29.4 3.8% 27.1 3.5% 24.5 3.3% Health care 7.8 1.0% 7.9 1.0% 8.0 1.0% 7.2 0.9% 7.2 1.0% Technology and media 25.1 3.2% 27.2 3.4% 26.2 3.3% 25.3 3.3% 19.6 2.7% Chemicals 2.5 0.3% 2.6 0.3% 2.4 0.3% 2.4 0.3% 2.4 0.3% Food and beverage 12.2 1.6% 12.5 1.6% 12.3 1.6% 11.8 1.5% 11.8 1.6% Forest products 2.8 0.4% 2.7 0.3% 2.5 0.3% 2.5 0.3% 2.3 0.3% Other(2) Sovereign (3) Business and Government 26.0 3.3% 24.1 3.0% 23.0 2.9% 23.6 3.1% 23.1 3.1% 7.1 0.9% 7.0 0.9% 7.0 0.9% 6.2 0.8% 5.7 0.8% 310.5 39.9% 319.9 40.4% 312.4 39.9% 306.6 39.8% 284.0 38.5% Loans and acceptances Allowance for credit losses on loans and acceptances 778.5 100% 791.7 100% 782.5 100% 769.8 100% 738.4 100% (5.9) (5.8) (5.5) (5.3) 772.6 785.9 777.0 764.5 (5.2) 733.2 Loans and Acceptances Net of Allowance for Credit Losses (1) Deposit taking institutions and securities firms. (2) Other includes $7.5 billion in wealth management, $3.3 billion in services and $2.1 billion in financing products. (3) Includes central banks, regional and local governments, supra-national agencies. Scotiabank Supplementary Financial Information (SFI) 18#25Back to Table of Contents Impaired Loans by Business Segment ($ millions) Gross Impaired Loans Retail Commercial (1) Canadian Banking Retail Caribbean & Central America Mexico Peru Chile Colombia Other(2) Commercial (3) Caribbean & Central America Mexico Peru Chile Colombia Other (4) International Banking Global Wealth Management Canada U.S.A. Europe Asia Global Banking and Markets Total gross impaired loans Net Impaired Loans Retail Commercial (1) 2023 2022 Q3 Q2 Q1 Q4 Q3 Q2 Q1 850 764 704 603 554 561 616 482 393 375 314 217 263 288 1,332 1,157 1,079 917 771 824 904 1,983 1,920 1,793 1,623 1,488 1,462 1,504 327 349 353 361 345 342 368 640 575 497 464 411 399 387 307 294 272 270 256 251 274 472 489 478 349 295 282 281 159 139 127 118 128 133 147 78 74 66 61 53 55 47 2,058 2,085 2,073 2,072 1,836 1,778 1,764 316 338 340 357 349 358 361 571 540 537 556 406 396 388 337 442 448 491 468 419 436 556 501 475 391 311 261 259 183 166 179 183 208 244 226 95 98 94 94 94 100 94 4,041 4,005 3,866 3,695 3,324 3,240 3,268 19 23 18 18 27 32 32 94 119 122 128 103 126 130 16 18 20 19 23 30 1 1 1 8 8 19 55 95 120 141 156 130 168 231 5,487 5,305 5,104 4,786 4,252 4,264 4,435 2021 ' སྐགོོ⌘བྷཨྰཿཧྥེཋཧྥུ་ྲཧྨགྷརྞྞ ཿ རྩེ གཽ སཾསྐྱ ཀཽ ཋ ཧརྒྱུུ Q4 Q3 624 297 921 1,741 419 410 373 295 188 56 1,810 367 361 411 316 260 95 3,551 28 151 17 31 36 235 4,735 532 468 430 337 285 288 336 314 279 340 256 237 165 70 133 151 191 180 Canadian Banking 872 724 667 502 355 421 487 505 459 Retail 1,191 1,159 1,079 937 829 780 818 840 970 Caribbean & Central America 194 207 213 206 199 190 215 228 241 Mexico 420 381 323 302 264 248 239 238 246 Peru 100 88 83 80 69 58 76 78 159 Chile 363 380 369 261 210 190 190 179 195 Colombia 95 84 79 76 79 84 93 111 124 Other(2) 19 19 12 12 8 10 5 6 5 Commercial (3) 1,513 1,556 1,571 1,573 1,373 1,288 1,279 1,259 1,331 Caribbean & Central America 290 310 313 327 313 323 324 316 326 Mexico 418 414 416 424 298 258 255 251 232 Peru 190 273 286 329 312 262 287 269 269 Chile Colombia 406 356 341 277 209 164 156 153 221 154 141 155 158 182 215 202 219 226 Other (4) International Banking Global Wealth Management Canada U.S.A. Europe Asia Global Banking and Markets Total Net Impaired Loans (1) Includes small business. (2) Includes Uruguay. (3) Includes small business and corporate. (4) Includes Brazil and Uruguay. 55 62 60 58 59 66 55 51 57 2,704 2,715 2,650 2,510 2,202 2,068 2,097 2,099 2,301 12 15 13 11 18 23 23 17 20 78 99 102 17 1 1 1 79 100 120 3,667 3,554 3,450 3,151 ថ្ម៩៦៨, ១៨ 107 100 121 125 127 146 16 20 16 2 128 120 2,695 ៩៩៦៩ 21 28 29 30 6 36 4 4 148 205 180 196 2,660 2,812 2,801 2,976 Scotiabank Supplementary Financial Information (SFI) 19#26Back to Table of Contents Changes in Gross Impaired Loans by Business Segment ($ millions) Balance at Beginning of Period Net Classifications Canadian Retail New classifications Declassifications Payments Sales Net classifications Canadian Commercial (¹) New classifications Declassifications Payments Sales Net classifications International Retail New classifications Declassifications Payments Sales Net classifications International Commercial (2) New classifications Declassifications Payments Sales Net classifications: Global Wealth Management New classifications Declassifications Payments Sales Net classifications: Global Banking and Markets New classifications Declassifications Payments Sales Net classifications: Total Write-offs Canadian retail Canadian commercial (¹) International retail International commercial (2) Global Wealth Management Global Banking and Markets Total Forex (3)/ Other Canadian retail Canadian commercial (¹). International retail International commercial (2) Global Wealth Management Global Banking and Markets Total Balance at End of Period (1) Includes small business. (2) Includes small business and corporate. (3) Includes divestiture impact for GILs in Forex/Other in International Banking. Scotiabank 2023 Q3 Q2 Q1 Q4 5,305 5,104 4,786 4,252 612 (172) (114) 8 (4) (8) - ལྕཊྛུ་༔ ༄༅གླུ་ལྔ་ལྕ་རྩེ་སྐྱ་རྒྱའིE་ང་མཁྱེའི་གྱི 326 (4) 160 (10) (27) 123 993 (295) (164) - 534 141 (13) (111) 17 o, Su=རྒྱ་གྱྱིཥྛཿནྣཱ་བྷི,ནྲྀཙྩེཙྪོ་སྐྱ,རྒྱན་སྒྲ, རྗེཡྻུg 95 126 (3) (11) (11) 84 112 858 766 (258) (235) (131) (133) 469 398 99 272 (4) (47) (77) 48 195 2022 ིིནྡྲ་ སྒོEཎྜ་ཇཱ་ཐཱ་ཟླ་8་གྲུའྤྱིའྤྱི་ལྷ་ཟླ་8་རྔ་ཀ་ལ་ཆ 4,264 2021 Q2 Q1 Q4 4,435 4,456 4,735 Full Year Q3 2022 2021 5,116 4,456 5,053 524 432 362 380 350 328 1,555 1,550 (173) (135) (124) (134) (113) (101) (113) (472) (430) (89) (83) (123) (105) (109) (125) (415) (458) - 300 225 105 162 140 90 668 662 39 18 69 41 232 214 (11) (3) (11) (47) (42) (25) (18) (169) (82) (8) (24) 44 12 60 121 620 660 721 1,063 2,719 4,297 (220) (196) (217) (240) (854) (966) (133) (183) (173) (179) (570) (617) (21) (21) 267 281 331 623 1,295 2,693 127 62 97 159 695 443 (1) (3) (5) (12) (72) (22) (81) (48) (227) (187) - 54 40 13 111 463 244 5 1 5 8 (4) (4) 15 7 (4) (1) (12) (3) - - (5) (10) (9) 1 8 (5) (1) 4 - 26 1 34 1 61 135 ་་ཀྱི་བླློག་ཟླ་ ིིང་་༔ (15) (32) (15) (39) (5) (3) (3) (28) (13) (8) (11) (9) (52) (103) (19) (7) (33) (13) (4) (53) (10) (23) (24) (3) 23 (35) (60) 13 (11) (44) (59) (17) 973 765 898 944 643 359 480 517 787 2,426 3,707 (240) (216) (199) (177) (183) (160) (160) (150) (180) (680) (755) (34) (20) (21) (16) (27) (21) (14) (13) (41) (78) (131) (479) (409) (371) (335) (287) (317) (359) (485) (812) (1,298) (2,731) (47) (50) (77) (44) (75) (48) (51) (52) (101) (218) (230) (1) (1) (3) (3) (1) (1) (7) (2) (8) (5) (2) (4) (6) (5) (9) (17) (52) (800) (696) (676) (578) (577) (550) (593) (706) (1,144) (2,298) (3,901) (1) (2) 8 62 72 3 68 30 - (2) 3 132 5,487 5,305 5,104 'Sཊྚཥ'ཙུ8ཤྩ - --- 1 1 1 1 4 (1) (1) 5 (5) 72 (36) 8 45 (50) (15) 89 (224) 85 (41) 8 42 (38) (12) 94 (158) 1 (1) (1) 1 (1) 1 - (2) (4) 8 (1) 1 5 2 13 (14) 96 168 (78) 20 92 (90) (24) 202 (403) 4,786 4,252 4,264 4,435 4,456 4,735 4,786 4,456 Supplementary Financial Information (SFI) 20#27Back to Table of Contents Allowance for Credit Losses & Other Reserves 2023 2022 2021 Full Year ($ millions) Impaired Loans - Stage 3 Balance beginning of period Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2022 2021 1,751 1,654 1,635 1,557 1,604 1,623 1,655 1,759 1,938 1,655 1,957 Provision for credit losses (1) 738 621 562 494 389 406 405 511 841 1,694 3,306 Write-offs (800) (696) (676) (578) (577) (550) (593) (706) (1,144) (2,298) (3,901) Recoveries Balance end of period Performing Loans - Stage 1 and 2 Balance beginning of period Provision for credit losses (1) (2) Balance end of period 144 144 113 116 192 128 136 146 161 572 543 Foreign currency adjustment and other (13) 28 20 46 (51) (3) 20 (55) (37) 12 (250) 1,820 1,751 1,654 1,635 1,557 1,604 1,623 1,655 1,759 1,635 1,655 3,985 3,859 3,713 3,590 3,690 3,869 3,971 4,320 4,778 3,971 5,682 87 88 76 35 23 (187) (183) (343) (461) (312) (1,498) Foreign currency adjustment and other 1 38 70 88 (123) 8 81 (6) 3 54 (213) 4,073 3,985 3,859 3,713 3,590 3,690 3,869 3,971 4,320 3,713 3,971 Allowance for credit losses on loans 5,893 5,736 5,513 5,348 5,147 5,294 5,492 5,626 6,079 5,348 5,626 Allowance for credit losses on off-balance sheet exposures 133 129 100 108 109 49 55 65 87 108 65 Allowance for Credit Losses on acceptances and other financial assets (3) 68 66 55 43 39 32 36 40 66 43 40 Total allowance for credit losses 6,094 5,931 5,668 5,499 5,295 5,375 5,583 5,731 6,232 5,499 5,731 Allowance for Credit Losses by Business Segment Canadian Banking 2,006 1,933 1,916 1,888 1,880 1,918 2,075 2,255 2,476 1,888 2,255 Retail Commercial (4) International Banking Retail Caribbean & Central America Mexico Peru 1,590 1,551 1,547 1,528 1,532 1,595 1,723 1,863 2,009 1,528 1,863 416 382 369 360 348 323 352 392 467 360 392 3,806 3,718 3,528 3,392 3,209 3,268 3,271 3,219 3,446 3,392 3,219 2,872 2,817 2,681 2,575 2,459 2,505 2,514 2,477 2,672 2,575 2,477 472 508 512 547 511 506 507 524 557 547 524 651 633 595 576 523 507 494 474 526 576 474 662 665 640 631 596 589 574 538 584 631 538 Chile 637 630 579 490 474 522 563 541 571 490 541 Colombia 352 292 264 247 277 298 299 319 346 247 319 Other(5) 98 89 91 84 78 83 77 81 88 84 81 Commercial (6) Caribbean & Central America Mexico Peru 934 901 847 817 750 763 757 742 774 817 742 86 90 84 83 81 74 71 74 84 83 74 251 219 206 221 190 218 209 208 202 221 208 226 246 233 221 210 209 201 190 194 221 190 Chile 227 221 205 176 156 149 157 146 160 176 146 Colombia 68 58 53 53 54 57 52 58 74 53 58 Other(7) 76 67 66 63 59 56 67 66 60 63 66 Global Wealth Management 28 27 25 24 23 20 20 23 22 24 23 Global Banking and Markets 248 247 193 191 178 169 217 234 288 191 234 Other 6 6 6 4 5 4 Total allowance for credit losses by business segment 6,094 5,931 5,668 5,499 5,295 5,375 5,583 5,731 6,232 5,499 5,731 Allowance for Credit Losses on Loans by Type of Borrower Impaired Loans - Stage 3 1,820 1,751 1,654 1,635 1,557 1,604 1,623 1,655 1,759 1,635 1,655 Residential mortgages 483 455 428 406 375 393 395 374 403 406 374 Personal loans 632 608 563 551 559 566 574 626 715 551 626 Credit cards Business and government 705 688 663 678 623 645 654 655 641 678 655 Performing Loans - Stage 1 and 2 Residential mortgages 4,073 3,985 3,859 3,713 3,590 3,690 3,869 3,971 4,320 3,713 3,971 526 526 510 493 468 441 440 428 435 493 428 Personal loans Credit cards Business and government 1,659 1,659 1,641 1,586 1,554 1,605 1,675 1,715 1,835 1,586 1,715 1,176 1,135 1,100 1,083 1,049 1,107 1,165 1,211 1,306 1,083 1,211 712 665 608 551 519 537 589 617 744 551 617 5,893 5,736 5,513 5,348 5,147 5,294 5,492 5,626 6,079 5,348 5,626 Allowance for Credit Losses on Loans (1) Includes provision for credit losses on all financial assets. (2) Q3 2023 excludes amounts associated with other assets of $(6) million. The Provision for credit losses, net of these amounts is $81 million. (3) Other financial assets include debt securities, deposits with financial institutions, accrued interest and reverse repos. (4) Includes small business. (5) Includes Uruguay. (6) Includes small business and corporate. (7) Includes Brazil and Uruguay. Scotiabank Supplementary Financial Information (SFI) 21#28Back to Table of Contents Impaired Loans by Type of Borrower July 31, 2023 Allowance for Credit April 30, 2023 Allowance for Credit January 31, 2023 Allowance for Credit October 31, 2022 Allowance July 31, 2022 Allowance for Credit for Credit Losses Losses Losses Losses Losses ($ millions) Gross Stage 3 Net Gross Stage 3 Net Gross Stage 3 Net Gross Stage 3 Net Gross Stage 3 Net Residential mortgages 1,768 483 1,285 1,659 455 1,204 1,539 428 1,111 1,386 406 980 1,281 375 906 Personal loans 1,079 632 447 1,040 608 432 968 563 405 848 551 297 778 559 219 Credit cards (1) - Personal 2,847 1,115 1,732 2,699 1,063 1,636 2,507 991 1,516 2,234 957 1,277 2,059 934 1,125 Financial services 100 126 17 109 142 22 22 120 49 11 1 1 1 1 1 1 241 487 215 272 484 215 269 382 513 581 107 474 491 98 393 408 29 54 9 45 59 12 47 55 90 36 54 89 38 51 12 19 8 11 18 9 9 180 235 72 163 196 72 124 74 88 16 72 87 15 72 21 36 67 72 53 38 79 98 80 161 232 2,597 SET22222638 5 31 39 9 30 17 50 70 17 53 7 65 93 9 84 21 32 53 26 27 11 27 37 13 24 12 67 88 12 76 29 69 97 30 67 12 68 79 13 66 66 95 182 63 119 229 247 5 242 ལྐ ༈༙ ༅ ཚ ° ཚ༷ ཚ ° ºེ ཤྩ ཝཿ ཞ ཚ ཆ ཥ 8 སྐྲ 192 188 84 24 67 60 92 40 9 76 15 3 18 100 12 26 34 11 82 11 81 236 1,934 2,552 678 1,874 2,193 ་སྐྱ༤༄¥༠e ༅ ཀ ལྗe 8ཇཇམ༄ 8 ོ༤ སྨྱ 190 72 336 15 25 14 66 7 229 623 1,570 སྐ རྞ 8 ཤྰ 8 རྗ ༄ ༅ བ ༄ ཆྀ ཀླུ ཀླུ ང 8 ཅ 8 8 38 1 45 52 11 112 69 21 88 28 56 90 Non-bank Bank 117 Wholesale and retail Real estate and construction 464 203 690 Energy 34 Transportation 94 Automotive 16 Agriculture 316 Hospitality and leisure 88 Mining 6 Metals 64 ༄ ་ ླ ཁྱཻ ༈ ཡ ྨ ༈ ྋ སླ 40 77 120 20 1 261 458 217 124 566 626 113 8 26 37 8 39 55 95 40 8 21 9 80 236 248 68 14 74 88 14 3 3 26 5 24 40 66 21 Utilities 4 2 2 74 6 Health care 73 Technology and media 21 Chemicals 78 Food and beverage 125 Forest products 79 Other 139 Sovereign Business & Government 232 2,640 705 ཪྐུ གླཋརྐ9 སྐྱ * ཤྩ 21 52 62 20 12 26 11 15 63 80 16 37 88 112 36 12 67 91 14 77 133 66 4 228 242 4 1,935 2,606 688 ༄ ་ ཐཱ ་ མ ཨཽ ༤ ༅ * ས ུ ® ¥ ༅ ལྕ e ང ཅེ སྐྭ སྨྱ 1,918 Impaired Loans, Net of Related 5,487 Allowances 1,820 3,667 5,305 1,751 3,554 5,104 1,654 3,450 4,786 1,635 3,151 4,252 1,557 2,695 (1) The Bank writes off credit card receivables at 180 days, on transfer from performing loans to impaired. Scotiabank Supplementary Financial Information (SFI) 22#29Back to Table of Contents Provision for Credit Losses (PCL) by Business Segment Total PCL ($ millions) Retail Commercial (1) Canadian Banking Retail Commercial (2) International Banking Global Wealth Management Global Banking and Markets Other PCL on loans, acceptances and off-balance sheet exposures Canadian Banking International Banking Global Banking and Markets Global Wealth Management Other PCL on other financial assets (3) Total PCL Provision for Credit Losses as a % of Net Loans and Acceptances (bps) (4) Retail Commercial (1) Canadian Banking Retail Commercial (2) International Banking Global Wealth Management Global Banking and Markets Other Provision for Credit Losses as a % of Net Loans and Acceptances Net write-offs as a % of Net Loans and Acceptances (bps) (4) Retail Commercial (1) Canadian Banking Retail Commercial (2) International Banking Global Wealth Management Global Banking and Markets Other Net write-offs as a % of Net Loans and Acceptances (1) Includes small business. (2) Includes small business and corporate. Q3/23 Q2/23 Q1/23 1&2 3 Stage Stage Total Stage Stage Total PCL 1&2 PCL Stage Q4/22 Q3/22 Stage Total Stage Stage Total Stage Stage Total 3 1 & 2 3 PCL 1&2 3 PCL 1&2 3 PCL 20 221 241 (19) 207 188 29 37 66 14 16 30 49 258 307 (5) 223 218 10 419 429 24 326 350 17 70 87 15 70 85 27 489 516 39 396 435 1 1 2 (1) 3 2 5 (10) (5) 53 (1) 52 22233 10 175 185 137 137 (58) 143 21 12 33 10 31 187 218 9 306 315 19 18 69 87 27 375 402 (2) 1 13 2 15 1 1 OOOONEE 16 26 10 153 163 (50) 143 257 276 201 16 63 79 35 320 355 2 (1) 1 (11) 22 11 (1) (1) 82 738 820 87 621 708 74 562 636 35 494 529 - (1) I 1 1 2 - 2 (1) 1 1 - w., NW3 262 གླུ་བྷུཧྨདཿསྐྱ་©་ ྣ 85 8 93 243 61 79 322 2 5 (18) (16) 389 404 3 1 I - - (1) (1) (1) 1 E- (1) 1 81 738 819 88 621 709 - 26 2 76 562 638 35 494 529 - 1482 - 4 23 389 8 412 13 23458 13-14 25 17 23 210 29 7 111 - ➢ཀྐཎིཤྩཎྜཱཎྜ^སྱེ'ལྡུ མངལསྨཎྜ་ཀྱི་སྐྱ 42 38 27 30 27 215 37 118 3 (3) (2) 373262514 (3) (1) 172 9 272225 24 21 14 10 21 20 184 30 94 36 103 5 15 33 33 37 29 29 -0258754,4 1 19 6 17 167 29 89 ៖ - ជី ៨ ៩ 8 15 15 (7) 16 4 19 1 14 172 11 150 161 37 7 28 96 8 81 (4) 1 4 - 4 (3) INN 89 (2) 33 2 26 28 25T231000 26 +16% 66-1- 4 1 (4) 13 121 147 8 28 36 68 84 2 (6) (5) 21 25252 9 9 8 ន · 3 - ៖ ៩៖៩៨ ន 200 161 2808182 18 16 9 7 16 14 165 154 131 29 17 83 88 76 (1) (1) - 2 1 29 29 24 21 CON 17 (8) 12 31 74 6 (11) (3) Other financial assets include debt securities, deposits with financial institutions, accrued interest and reverse repos. (4) Refer to page 53 of the Q3 2023 Quarterly 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. Scotiabank Supplementary Financial Information (SFI) 23#30Back to Table of Contents Provision for Credit Losses (PCL) by Type of Borrower ($ millions) PCL on Impaired Loans (Stage 3) Residential mortgages Personal loans Credit cards Personal Financial Services Non-bank Bank Wholesale and retail 2023 Q3 Q2 Q1 11] 60 Q4 ठ Q3 2022 Q2 2021 10 Q1 Q4 Full Year 03 Q3 2022 2021 48 26 30 23 (2) 3 25 7 20 49 117 335 312 249 200 192 196 178 222 324 766 1,429 258 197 200 170 155 139 137 183 406 601 1,361 641 535 479 393 345 338 340 412 750 1,416 2,907 23 11 Real estate and construction 35 Energy Transportation 1 Automotive 2 Agriculture 22 Hospitality and leisure 2 Mining (11) Metals Utilities Health care Technology and media Chemicals Food and beverage Forest products Other Sovereign 4 (4) 3 (1) - 6 - 4 - RONGNNGINIOIN 2525185,213-03 - 4 E 15 3 10 1 24 (2) (1) 223-02=2223-2 1 5 4 2 (2) 1 11 12 2 6 8 7 1 3 (2) (1) 1 83 101 44 562 494 389 (29) གླུ ཨྰཿ སྐྱེ ཥ སྱེཥ ཕ སརྞNN༠༠༤mSརྞ༈༙® 28 (30) 12 (2) 17 21251815-1-0-6'2'5200 9 23 8133 11 17 (2) (1) 1 1 23 12 7 282512- 2 - (6) 63275 7 23 1 1 4 2 1 13 - - 1 - 10 1 1 4 10 16 11 3 9 7 222222322077503484 2 51 (29) 15 25 (3) 13 12 (6) 15 13 14 1 1 65 99 91 278 405 511 841 1,694 3,306 Rཏྤ༄མ་གང་རྐ☁༄ཌ T ༄ ⌘ ལྐ ཀ ཀྵུ བྷཱུ 7 6 10 17 1 Business & Government 97 Total PCL on Impaired Loans (Stage 3) 738 PCL on Performing Loans (Stage 1 and 2) (¹) Personal Business & Government Total PCL on Performing Loans (Stage 1 and 2) (¹) 255 30 3 51 85 81 88 277 19 21 (16) (122) (130) (177) (360) (247) (1,116) 57 14 39 (65) (53) (166) (101) (65) (382) 76 35 23 (187) (183) (343) (461) (312) (1,498) Total PCL 819 709 638 529 412 219 222 168 380 1,382 1,808 (1) Includes provision for credit losses on all performing financial assets. Scotiabank Supplementary Financial Information (SFI) 24#31Back to Table of Contents Cross-Border Exposures to Select Countries (¹) Outstandings (Net of Provisions) Loans ($ millions) Trade Interbank Government Investment in Other Deposits Other Securities Subsidiaries & Affiliates July 31, 2023 Total April 30, 2023 Total July 31, 2022 Total Asia China 1,174 104 India 680 00 292 1,054 8 87 37 2,748 3,107 3,328 - 688 910 1,173 Singapore 3,844 - 34 4 3,882 4,659 4,520 Hong Kong 1,470 3 11 Japan 184 239 13 40 8 1,532 1,392 1,524 4,082 61 4,569 5,459 5,277 Other(2) 400 24 135 7 566 686 872 Total 7,752 378 340 5,176 222 117 13,985 16,213 16,694 Latin America Chile 3,233 749 3,605 216 7,381 37 15,221 16,370 13,815 Mexico 7,123 127 699 7,111 88 15,148 14,291 11,758 Brazil 14,252 666 890 15,808 15,270 13,347 Peru 3,877 7 118 5,716 1 9,719 9,633 9,255 Colombia 2,825 58 228 1,187 11 41 4,339 4,329 3,883 Others(3) 228 4 588 820 736 648 Total 31,538 1,611 3,605 1,261 22,873 167 61,055 60,629 52,706 Caribbean & Central America Panama Costa Rica Dominican Republic Others(4) Total 4,655 1 72 196 197 5,121 5,309 4,869 548 36 1,262 3 1,849 1,995 2,011 1,173 149 892 2,214 2,249 2,281 1,011 81 1,491 2,583 2,552 2,283 7,387 267 72 196 3,842 3 11,767 12,105 11,444 (1) Cross-border exposure represents a claim, denominated in a currency other than the local one, against a borrower in a foreign country on the basis of ultimate risk. (2) Includes Indonesia, Macau, Malaysia, South Korea, Thailand and Taiwan. (3) Includes Venezuela and Uruguay. (4) Includes other Caribbean countries such as Bahamas, Barbados, El Salvador, Jamaica, Trinidad & Tobago, and Turks & Caicos. Scotiabank Supplementary Financial Information (SFI) 25#32Back to Table of Contents Financial Investments - Unrealized Gains (Losses) 2023 2022 ($ millions) Q3 Q2 Q1 Q4 Q3 Investment securities measured at fair value through Other Comprehensive Income (OCI) - unrealized gains (losses) Canadian and U.S. sovereign debt Other foreign government debt Other debt 2021 22 Q2 Q1 Q4 Q3 (1,984) (1,699) (2,034) (2,823) (1,066) (1,244) (51) 657 219 462 (597) (689) (852) (1,108) (854) (880) (517) (455) (153) (493) (325) (367) (502) (282) (322) (86) (42) 73 331 318 366 265 382 588 597 441 381 Equity securities at fair value through OCI Total investment securities measured at fair value through Other Comprehensive Income (OCI) - unrealized gains (losses) (2,743) (2,395) (2,887) (4,168) (1,821) (1,858) 1517 (57) 163 763 Net fair value of derivative instruments and other hedge amounts 1,832 1,319 1,595 2,333 796 1,118 (34) (206) (515) Net unrealized gains (losses) (911) (1,076) (1,291) (1,835) (1,025) (740) fy (91) (43) 248 Scotiabank Supplementary Financial Information (SFI) 26#33Back to Table of Contents Regulatory Capital Highlights ($ millions) Common Equity Tier 1 capital (¹)(²) Tier 1 capital (¹)(2) Total capital (¹)(2) Total loss absorbing capacity (TLAC)(3) Risk-weighted assets (1)(2)(4) 2023 2022 2021 Revised Revised Basel III Basel III Basel III Basel III Basel III Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 55,832 55,520 54,138 53,081 51,639 51,547 52,150 51,010 50,465 64,016 63,688 62,317 61,262 58,801 57,201 57,911 57,915 56,630 74,332 73,197 71,867 70,710 68,086 66,628 65,527 66,101 65,101 134,207 127,815 131,433 126,565 128,800 133,841 122,613 115,681 104,759 Capital risk-weighted assets 439,814 451,063 471,528 462,448 452,800 445,273 433,682 416,105 414,169 Capital ratios (%) (1) (2) Common Equity Tier 1 (as a percentage of risk-weighted assets) 12.7 12.3 11.5 11.5 11.4 11.6 12.0 12.3 12.2 Tier 1 (as a percentage of risk-weighted assets) 14.6 14.1 13.2 13.2 13.0 12.8 13.4 13.9 13.7 Total capital (as a percentage of risk-weighted assets) 16.9 16.2 15.2 15.3 15.0 15.0 15.1 15.9 15.7 Total loss absorbing capacity (as a percentage of risk-weighted assets)(3) 30.5 28.3 27.9 27.4 28.4 30.1 28.3 27.8 25.3 Leverage(5) Leverage exposures Leverage ratio (%) TLAC Leverage ratio (%) (3) 1,551,344 1,530,107 1,468,559 1,445,619 1,388,823 1,360,184 1,308,247 1,201,766 1,191,993 4.1 4.2 4.2 4.2 4.2 4.2 4.4 4.8 4.8 8.7 8.4 8.9 8.8 9.3 9.8 9.4 9.6 8.8 OSFI target (%) Common Equity Tier 1 minimum ratio Tier 1 capital minimum ratio Total capital minimum ratio Leverage minimum ratio Total loss absorbing capacity minimum ratio TLAC Leverage minimum ratio 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 8.0 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 9.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 11.5 3.5 3.5 3.0 3.0 3.0 3.0 3.0 3.0 3.0 21.5 21.5 21.5 21.5 21.5 21.5 21.5 N/A N/A 7.25 7.25 6.75 6.75 6.75 6.75 6.75 N/A N/A Capital instruments subject to phase-out arrangements Current cap on additional Tier 1 (AT1) instruments subject to phase-out arrangements (%) N/A N/A N/A 10 10 N/A N/A N/A Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) Current cap on Tier 2 (T2) instruments subject to phase-out arrangements (%) Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) (1) 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 prior quarters. (2) 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 period regulatory capital ratios were prepared in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018). N/A N/A 750 750 750 750 97 97 N/A N/A 10 10 N/A N/A 179 197 250 250 (3) This measure has been disclosed in this document in accordance with OSFI Guideline - Total Loss Absorbing Capacity (September 2018). (4) 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 - $8.2 billion). For prior periods reported in the above table, the Bank did not have a regulatory capital floor add-on to risk-weighted assets for CET1, Tier 1, Total Capital and TLAC RWA. (5) Q3 2023 and Q2 2023 leverage ratios are based on Revised Basel III requirements as determined in accordance with OSFI Guideline - Leverage Requirements (February 2023). Prior period leverage ratios were prepared in accordance with OSFI Guideline - Leverage Requirements (November 2018). N/A not applicable Scotiabank Supplementary Financial Information (SFI) 27#34Back to Table of Contents Appendix 1: Global Banking and Markets (Reported Including LATAM) ($ millions) Global Banking and Markets Revenue by Business 2023 2022 2021 Year-To-Date Full Year Q3 Q2 Q1 Q4 Q3 03 Q2 Q1 Q4 Q3 2023 2022 2022 2021 Business banking Capital markets 745 798 802 850 729 708 668 622 649 2,345 2,105 2,955 2,518 598 554 701 504 423 554 736 555 604 1,853 1,713 2,217 2,505 Reported Total Revenue (TEB) 1,343 1,352 1,503 1,354 1,152 1,262 1,404 1,177 1,253 4,198 3,818 5,172 5,023 Reported net income 434 401 519 484 378 488 561 502 513 1,354 1,427 1,911 2,075 Reported net income attributable to non-controlling interests Reported net income attributable to equity holders of the bank Average Balances ($ billions) 434 401 519 484 378 488 561 502 513 1,354 1,427 1,911 2,075 Total assets 492.7 487.9 480.5 460.9 443.0 431.3 444.2 408.5 400.9 487.0 439.6 445.0 400.9 Total liabilities 450.2 446.0 454.7 430.0 419.2 400.1 406.7 382.1 373.4 450.3 408.8 414.1 385.1 Global Banking and Markets-LATAM (1) Revenue by Business: Business banking Capital markets Total revenue (TEB) Net income 399 351 355 323 263 257 248 210 206 1,105 768 1,091 848 214 216 244 175 148 152 195 134 169 674 495 670 637 613 567 599 498 411 409 443 344 375 1,779 1,263 1,761 1,485 327 283 317 245 201 197 218 192 199 927 616 861 774 Net income attributable to non-controlling interests 13 7 16 13 9 12 18 12 17 36 39 52 69 Net income attributable to equity holders of the bank Average Balances ($ billions) 314 276 301 232 192 185 200 180 182 891 577 809 705 Total assets Total liabilities 78.4 75.2 68.6 64.8 62.6 57.8 55.1 52.7 48.8 74.1 58.5 60.1 51.1 58.8 57.1 53.5 49.6 45.9 44.4 41.4 38.6 40.3 56.5 43.9 45.3 39.4 Global Banking and Markets-Including LATAM Revenue by Business: Business banking Capital markets 1,144 1,149 1,157 1,173 992 965 916 832 855 3,450 2,873 4,046 3,366 812 770 945 679 571 706 931 689 773 2,527 2,208 2,887 3,142 Total revenue (TEB) 1,956 1,919 2,102 1,852 1,563 1,671 1,847 1,521 1,628 5,977 5,081 6,933 6,508 Reported net income 761 684 836 729 579 685 779 694 712 2,281 2,043 2,772 2,849 Reported net income attributable to non-controlling interests Reported net income attributable to equity holders of the bank Average Balances ($ billions) 13 7 16 13 9 12 18 12 17 36 39 52 69 748 677 820 716 570 673 761 682 695 2,245 2,004 2,720 2,780 Total assets Total liabilities 571.1 509.0 563.1 503.1 549.1 508.2 525.7 479.6 505.6 465.1 489.1 499.3 461.2 449.7 561.1 498.1 505.1 452.0 444.5 448.1 420.7 413.7 506.8 452.7 459.4 424.5 (1) Includes results of Mexico, Peru, Colombia, Chile, Brazil, along with results of smaller operations in the region. Scotiabank Supplementary Financial Information (SFI) 28#35Back to Table of Contents Appendix 2: International Banking by Region (1) Latin America Latin America (2) ($ millions) Total revenue (TEB) Provision for credit losses Non-interest expenses Net income before tax Income tax expense (TEB) Reported net income Adjusting items (after tax)(3) Adjusted net income (3) Reported Net income attributable to non-controlling interests (NCI) Net income attributable to equity holders of the Bank (NIAEH) Impact of FX Translation Adjusted (3) 2023 Q3 2022 2021 Year-To-Date Full Year 22 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2023 2022 2022 2021 2,213 2,173 2,252 2,148 2,050 2,048 2,076 1,983 2,011 6,383 5,929 8,036 7,714 490 421 394 345 301 257 265 301 328 1,269 795 1,130 1,418 1,151 1,163 1,167 1,134 1,081 1,050 1,081 1,059 1,060 3,377 3,111 4,208 4,118 572 589 691 669 668 741 730 623 623 1,737 2,023 2,698 2,178 134 114 118 68 83 131 175 89 132 347 365 437 458 438 475 573 601 585 610 555 534 491 1,390 1,658 2,261 1,720 7 6 7 6 7 7 7 7 20 445 481 580 607 592 617 562 541 498 1,410 21 1,679 27 2,288 30 1,750 (9) (4) 13 14 31 59 71 66 59 154 168 248 447 479 560 587 554 551 484 468 432 1,390 1,504 2,093 1,472 (29) (68) (70) (56) (61) (44) (31) (25) (75) (148) (3) 447 450 492 517 498 490 440 437 407 1,390 1,429 1,945 1,469 NIAEH-including impact of FX Translation Net income attributable to non-controlling interests (NCI) (9) (5) 13 13 31 59 70 66 59 155 167 249 Net income attributable to equity holders of the bank (NIAEH) 454 486 567 594 561 558 492 475 439 1,410 1,524 2,121 1,501 Impact of FX translation (29) (68) (71) (57) (61) (45) (31) (25) (76) (150) (1) NIAEH - including impact of FX translation 454 457 499 523 504 497 447 444 414 1,410 1,448 1,971 1,500 Profitability Measurements (4) Net interest margin (3) 3.82 3.80 3.71 3.79 3.71 3.77 3.68 3.60 3.59 3.78 3.72 3.74 3.74 Reported Provision for credit losses (PCL) as % of average net loans and acceptances (5) (6) PCL on impaired loans as % of average net loans and acceptances (5)(6) 1.28 1.12 1.01 0.91 0.83 0.76 0.77 0.89 1.01 1.14 0.79 0.82 1.16 1.17 0.98 0.92 0.84 0.70 0.77 0.73 1.17 2.14 1.03 0.73 0.76 1.93 Productivity ratio (%) (5) 52.0 54.1 52.6 53.3 52.6 51.6 51.8 52.8 52.1 52.9 52.0 52.3 52.6 Average Balances ($ billions) Residential mortgages Personal loans Credit cards Business and government loans & acceptances Total loans & acceptances Total Deposits 44.5 43.9 43.1 41.9 40.3 38.7 37.2 35.2 33.8 42.6 37.5 38.3 32.6 17.2 17.5 17.3 17.3 17.1 16.6 16.7 16.5 16.7 16.8 16.3 16.4 16.0 7.3 7.3 7.2 6.9 6.7 6.3 5.8 5.4 5.3 7.1 6.0 6.2 5.7 86.4 86.7 87.5 84.7 83.4 79.6 76.6 75.2 71.9 85.9 78.9 80.1 71.1 155.4 155.4 155.1 150.8 147.5 141.2 136.3 132.3 127.7 152.4 138.7 141.0 125.4 103.4 102.4 100.1 97.3 95.4 92.4 89.2 88.2 89.1 99.5 89.9 91.1 85.0 (1) Data presented on a constant FX basis. Quarterly results reflect FX rates as of Q3/23, while full-year results reflect Current Year Average FX rates. Refer to non-GAAP measures on page 8 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (2) Includes results of Mexico, Peru, Colombia, Chile, Brazil, along with results of smaller operations in the region and unallocated expenses. (3) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca for a description of the measure. Refer to Page 31 of the Supplementary Financial Information Report for a reconciliation. (4) Ratios are on a reported currency basis. (5) Refer to page 53 of the Q3 2023 Quarterly 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) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures. Scotiabank Supplementary Financial Information (SFI) 29#36Back to Table of Contents Appendix 2: International Banking by Region (¹)- Caribbean, Central America, and Asia 2023 2022 2021 Q3 Caribbean & Central America ($ millions) Total revenue (TEB) Provision for credit losses Non-interest expenses Net income before tax Income tax expense (TEB) Reported net income Adjusting items (after tax)(2) Adjusted net income (²) Reported Net income attributable to non-controlling interests (NCI) Net income attributable to equity holders of the Bank (NIAEH) Impact of FX translation. NIAEH-including impact of FX translation Adjusted (²) Net income attributable to non-controlling interests (NCI) Net income attributable to equity holders of the bank (NIAEH) Impact of FX translation NIAEH - including impact of FX translation 601 27 339 235 47 188 188 8 ཐཱབྷཱཐཱཝཱཤྩ® Rཎྜ^¢ eཎྜ^¢ Q1 Q4 Q3 613 594 539 556 24 36 45 55 340 346 340 337 249 212 154 164 54 47 31 34 195 165 123 130 1 1 1 1 196 166 124 131 28 25 26 24 25 22 22 160 170 139 99 105 97 88 2 3 10 (4) (6) (12) 160 172 142 109 101 91 76 Profitability Measurements(3) Net interest margin (2) 5.81 6.00 5.68 5.63 5.25 4.88 4.79 5.83 5.05 5.21 5.09 Reported (4) Provision for credit losses (PCL) as % of average net loans and acceptances (5) 0.49 0.43 0.60 0.79 0.94 0.79 0.80 0.98 0.96 0.51 0.84 0.83 1.09 PCL on impaired loans as % of average net loans and acceptances (5) 0.75 0.65 0.67 0.62 0.61 0.78 Productivity ratio (%) 56.5 55.2 57.8 61.5 60.5 60.6 1.31 65.2 1.71 0.69 0.90 0.83 1.60 64.7 71.6 56.5 62.1 61.9 67.0 Average Balances ($ billions) Residential mortgages Personal loans Credit cards Business and government loans & acceptances Total loans & acceptances Total deposits Asia ($ millions) Net income before tax (6) Income tax expense (TEB) Net income Net income attributable to non-controlling interests (NCI) 25.4 25.0 24.5 24.2 24.0 23.7 23.2 24.3 8 $སྒྱུརྞཎྜ3ཎྜརྞ་Nཆད་སླ⌘༄མ་ 8 ཤྩ ཐཱལྐརྞཀླུ Q1 Q4 539 524 501 42 45 55 325 341 322 172 138 124 53 28 31 119 110 93 1 120 1 111 1 28 26 26 24 25 22 22 17 21 81 70 94 78 160 170 140 100 106 98 89 77 53 476 292 397 274 3 2 10 (5) (6) 160 173 142 110 101 92 (13) 76 (6) (6) (23) (18) (29) 71 47 476 269 379 245 8.1 8.0 7.9 7.7 7.6 7.5 7.4 7.4 7.5 8.0 7.6 7.6 7.5 3.4 3.3 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.4 3.2 3.2 3.4 1.5 1.5 1.5 1.5 1.4 1.4 1.4 1.4 1.5 1.5 1.4 1.4 1.6 9.7 9.9 10.2 10.1 10.1 9.9 10.0 9.9 10.0 10.0 10.1 10.1 10.1 22.7 22.7 22.8 22.5 22.3 22.0 22.0 21.9 22.2 22.9 22.3 22.3 22.6 ལུ ཤྰaཙྪོངྒ་ཁ་ཐཱ་མ8@ག་མལྷག་ ིི 8ཎྜཤྩ ཋལྐཤྩ་ླ ཀླུ 5.02 དྷཉྙམྨཊྚཧལཱ ཙ FR@ང F➢ཧྲེང ིི ལྷ་ཅུ $སྐདཿ ཤྲུ 1.24 Year-To-Date Full Year Q3 2023 2022 2022 2021 508 1,821 1,628 2,176 2,076 57 87 143 187 243 360 1,029 1,005 1,346 1,377 91 705 480 643 456 18 151 121 155 107 73 554 359 487 349 1 3 3 4 3 74 557 362 491 352 21 80 70 93 78 52 474 289 394 271 (5) - (22) (17) (27) 47 474 267 377 244 24.3 25.1 23.8 24.0 24.4 Net income attributable to equity holders of the Bank (NIAEH) Impact of FX translation NIAEH - including impact of FX translation 31 30 10 21 OF 20 30 29 35 35 11 11 12 9 12 19 19 17 26 23 - 22222 29 42 36 42 94 114 143 165 15 16 11 34 36 48 56 27 21 19 1 21 20 22 19 17 26 23 27 20 31 60 78 95 109 1 1 1 1 1 1 17 26 24 20 32 60 79 96 110 20 31 60 78 95 109 (1) Data presented on a constant FX basis. Quarterly results reflect FX rates as of Q3/23, while full-year results reflect Current Year Average FX rates. Refer to non-GAAP measures on page 8 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca. (2) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca for a description of the measure. Refer to Page 31 of the Supplementary Financial Information Report for a reconciliation. (3) Ratios are on a reported currency basis. (4) Refer to page 53 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto. (5) Provision for credit losses on certain financial assets - loans, acceptances and off-balance sheet exposures. (6) Reported in Net Income (Loss) from Investments in Associated Corporations in International Banking's results. Supplementary Financial Information (SFI) 30 Scotiabank#37Back to Table of Contents ($ millions) Latin America Average total assets Less: Non-earning assets (1) Average total earning assets Appendix 2: International Banking by Region― Reconciliation of non-GAAP Financial Measure (Net Interest Margin) 2023 2022 2021 Year-To-Date Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 2023 2022 Full Year 2022 2021 212,175 207,894 195,254 184,701 23,790 23,208 19,553 20,075 188,385 184,686 175,701 164,626 178,619 174,608 164,945 158,852 155,585 149,399 163,759 163,553 205,077 172,704 19,767 19,023 15,546 16,961 16,271 22,172 18,103 146,798 147,282 182,905 154,601 175,728 166,569 18,600 17,946 157,128 148,623 Less: Trading Assets 6,257 6,043 5,115 5,354 4,847 Securities purchased under resale agreements and securities borrowed Other deductions 3,359 2,751 2,923 2,353 2,175 3,410 2,830 2,894 2,380 1,884 4,376 145 2,118 (1) Average core earning assets 175,359 1,697 1,487 173,062 164,769 154,539 149,946 1,576 1,402 148,946 1,405 1,365 5,287 200 2,121 2,009 141,791 139,336 1,328 1,278 5,453 6,007 5,802 4,891 4,971 5,812 3,014 2,227 1,227 2,544 138,731 1,267 3,048 611 2,125 2,265 171,041 4,761 146,872 148,805 140,546 4,095 5,500 5,303 Net Interest Income Less: Non-core net interest income Net interest income on core earning assets Net Interest Margin (%) (2) 8 1,689 (28) 1,604 (54) (73) 1,541 1,478 3.82 3.80 3.71 3.79 (1) 1,403 3.71 (4) 1,369 12 15 12 (73) 7 (66) 50 1,316 1,263 3.77 3.68 3.60 1,255 3.59 4,834 3.78 4,088 3.72 5,566 3.74 5,253 3.74 Caribbean and Central America Average total assets 0 Less: Non-earning assets 34,829 35,372 35,124 34,522 33,219 2,550 2,547 2,662 2,611 2,656 (1) Average total earning assets 32,279 32,825 32,462 31,911 30,563 32,409 2,718 29,691 32,177 2,720 29,457 31,378 30,869 2,744 28,634 2,759 28,110 35,105 2,586 32,519 32,603 33,087 31,923 2,697 2,676 2,819 29,906 30,411 29,104 Trading Assets 14 16 16 14 12 16 11 7 Securities purchased under resale agreements and securities borrowed 134 117 109 81 70 120 74 38 Other deductions 3,358 3,267 3,566 3,550 3,534 3,369 Average core earning assets 28,773 421 29,425 430 28,771 412 28,266 26,947 26,322 401 357 322 3,394 26,063 321 2,933 25,701 310 2,957 25,153 28,985 318 1,263 3,398 3,376 26,445 26,904 999 3,462 3,149 25,955 1,401 1,321 Net Interest Income Less: Non-core net interest income Net interest income on core earning assets Net Interest Margin (%) (²) (1) Average balances represents the average of daily balance for the period 421 430 412 401 357 322 321 310 318 1,263 999 1,401 1,321 5.81 6.00 5.68 5.63 5.25 5.02 4.88 4.79 5.02 5.83 5.05 5.21 5.09 (2) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca for a description of the measure. Scotiabank Supplementary Financial Information (SFI) 31