#1Scotiabank Supplementary Financial Information Q1 2023 For the period ended: January 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: January 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 • 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 Segment • 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 Q1 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 International Financial Reporting 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 and prior periods: 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. 2. Canada Recovery Dividend: This quarter 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 amount is payable in equal amounts over five years, however, the present value of these payments must be recognized as a liability in the current quarter. The charge was recorded in the Other operating segment. Adjustments impacting prior periods only: 1. 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. These charges were recorded in the Other operating segment. 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. 2. 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. 3. 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 ($315 million pre-tax) related to the reclassification of cumulative foreign currency translation losses net of hedges, from accumulated other comprehensive income to non-interest income in the Consolidated Statement of Income. This net loss was recorded in the Other operating segment. For further details on these transactions, please refer to Note 36 of the consolidated financial statements, in the 2022 Annual Report to Shareholders. Scotiabank Supplementary Financial Information (SFI) Notes_1#42023 2022 Q1 Q4 Q3 24 21 2509 2699 2209 10 24 24 10 2509 25 11600 22 Q2 Q1 Q4 2021 Full Year 33 Q3 Q2 Q1 2022 2021 25 24 6 10 9 9 2518 26 28 5 11 11 10 8630 97 103 22 22 13 39 45 9 36 36 Back to Table of Contents Notes (Cont'd) This document is not audited and should be read in conjunction with our Q1 2023 Quarterly Report to Shareholders and 2022 Annual Report. Adjusting Items(1): Adjusted results exclude the following items: ($ millions) Adjusting Items (Pre-Tax) Acquisition-Related Costs Amortization of Intangibles (2) Canadian Banking International Banking Global Wealth Management Other 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) Canadian Banking International Banking Global Wealth Management Other 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 Pages 1 of the Supplementary Financial Information Report. (2) Excludes amortization of intangibles related to software. (3) Recorded in Other operating segment. Scotiabank אייי 361 133 85 603 361 133 188 85 188 24 24 25 213 24 26 28 676 291 15 5177 18 4 7 7 1467 2496 8477 1477 18 18 18 18 19 1477 4806 0427 9 28 27 1682 71 16 1622 75 16 32 27 579 340 98 65 יייי 340 98 594 521 17 18 18 129 147 65 129 18 19 20 574 204 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 Net income attributable to non-controlling interests in subsidiaries (NCI) Net income attributable to equity holders Preferred shareholders and other equity instrument holders Net income attributable to common shareholders Diluted earnings per share (in dollars) Weighted average number of diluted common shares outstanding (millions) Adjustments Adjusting items impacting non-interest income and total revenue (Pre-tax) Net loss on divestitures and wind-down of operations Adjusting items impacting non-interest expense (Pre-tax) Amortization of acquisition-related intangible assets Restructuring provisions Support costs for the Scene+ loyalty program 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 Net loss on divestitures and wind-down of operations Amortization of acquisition-related intangible assets Restructuring provisions Support costs for the Scene+ loyalty program For the three months ended January 31, 2023 4,569 3,411 October 31, 2022 January 31, 2022 4,622 4,344 3,004 3,705 7,980 7,626 8,049 638 529 222 4,464 4,529 4,223 2,878 2,568 3,604 1,106 475 864 1,772 2,093 2,740 40 38 88 1,732 2,055 2,652 101 106 44 1,631 1,949 2,608 1.36 1.63 1,199 1,199 2.14 1,230 . 361 21 24 25 85 133 21 242 25 21 603 25 579 (21) (6) (6) (19) (35) Total impact of adjusting items on income tax expense 573 (81) Total impact of adjusting items on net income 594 522 Impact of adjusting items on NCI related to restructuring and other provisions (1) Total impact of adjusting items on net income attributable to equity holders and common shareholders 594 521 ཆེ་ཆེབུ་་བྱེ༔ ༔ (7) (7) Adjusted Results Net interest income Non-interest income Total revenue Provision for credit losses Non-interest expenses Income before taxes Income tax expense Net income Net income attributable to NCI Net income attributable to equity holders Preferred shareholders and other equity instrument holders Net income attributable to common shareholders Diluted earnings per share (in dollars) Impact of adjustments on diluted earnings per share (in dollars) Weighted average number of diluted common shares outstanding (millions) Scotiabank 4,569 4,622 3,411 3,365 4,344 3,705 7,980 7,987 8,049 638 529 222 4,443 4,287 4,198 2,899 3,171 3,629 533 556 871 2,366 2,615 2,758 40 39 88 2,326 2,576 2,670 101 106 44 2,225 2,470 2,626 1.85 2.06 2.15 0.49 0.43 0.01 1,210 1,199 1,230 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. January 31, 2023 Reference Table for EDTF Recommendation Type of Risk Number Disclosure 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. 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. Q1/23 2022 Annual Report Quarterly Report Supplementary Regulatory Capital Disclosures MD&A 40, 44-48 14 74-78 80-81, 85-91 54-57, 99-102, 114-116 72-74 Financial Statements 74-78 79 75-76 44-45 3 54-57 206 44-45, 72 18-21 58 15-16 44-45 70 59-60 54-57 5, 34, 36-47, 55-57, 61, 73, 79 13-14, 34-48, 54-57, 61, 66-69 63-67, 79, 123 176, 229 63-67 176, 223-229 75 13-14, 34-48, 66-69 63-67 224 49, 60, 72 63-67 77 64-66 97-102 99 103-105 102-103 96 92-97 228-229 92-97 228-229 92-97 229 5, 34, 36-47, 55-57 85-91, 117-123 186-187, 225-227 155-157, 187 11 Flow statement of the movements in regulatory capital since the previous reporting period, 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. 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. 35-38 19 Encumbered and unencumbered assets analyzed by balance sheet category. 35-38 20 Consolidated total assets, liabilities and off-balance sheet commitments analyzed by remaining contractual maturity at the balance sheet date. 42-43 21 Analysis of the Bank's sources of funding and a description of the Bank's funding strategy. Market Risk 22 Linkage of market risk measures for trading and non-trading portfolios and the balance sheet. 23 Discussion of significant trading and non-trading market risk factors. 40-41 34-35 76 24 Discussion of changes in period on period VaR results as well as VaR assumptions, limitations, backtesting and validation. 33, 76 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. 62 46,75 75 Other Risks 31 Quantified measures of the management of operational risk. 32 Discussion of publicly known risk items. 46 Scotiabank Supplementary Financial Information (SFI). 31, 32 88, 117-118, 120, 121 187 78 83-84 174-177 83-84, 89 67,106 71 EDTF#7Back to Table of Contents Highlights Operating Performance Reported ($ millions) Net income Net income attributable to common shareholders. EPS ($) ROE (%) (1) Basic Diluted Net interest margin (%) (2) Productivity ratio (%) (1) 2023 2022 2021 Full Year Q1 14 Q4 Q3 22 Q2 Q1 Q4 Q3 Q2 22 Q1 2022 2021 1,772 2,093 2,594 2,747 2,740 2,559 2,542 2,456 2,398 10,174 9,955 1,631 1,949 2,504 2,595 2,608 2,411 2,426 2,289 2,265 9,656 9,391 1.37 1.64 2.10 2.16 2.15 1.98 2.00 1.89 1.87 8.05 7.74 1.36 1.63 2.09 2.16 2.14 1.97 1.99 1.88 1.86 8.02 7.70 9.9 11.9 15.3 16.2 15.8 14.8 15.0 14.8 14.2 14.8 14.7 2.11 2.18 2.22 2.23 2.16 2.17 2.23 2.26 2.27 2.20 2.23 55.9 59.4 53.7 52.4 52.5 55.6 52.8 52.2 52.1 54.4 53.2 Effective tax rate (%) (1) 38.4 18.5 18.8 22.9 24.0 21.2 22.5 23.2 22.7 21.3 22.4 Adjusted ($ millions) (2) Net income 2,366 2,615 2,611 2,765 2,758 2,716 2,560 2,475 2,418 10,749 10,169 Net income attributable to common shareholders (Diluted) 2,239 2,474 2,527 2,613 2,650 2,565 2,453 2,321 2,327 10,267 9,643 EPS ($) Diluted 1.85 2.06 2.10 2.18 2.15 2.10 2.01 1.90 1.88 8.50 7.87 ROE (%)(3) 13.4 15.0 15.4 16.4 15.9 15.7 15.1 14.9 14.4 15.7 15.0 Productivity ratio (%) 55.7 53.7 53.4 52.1 52.2 52.8 52.5 51.9 51.8 52.8 52.2 Effective tax rate (%) Balance Sheet ($ 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) Net write-offs as a % of average net loans and acceptances (1) Reported 18.4 17.6 18.9 22.9 24.0 21.5 22.5 23.2 22.7 21.0 22.5 1,374.4 1,349.4 1,292.1 1,288.5 1,245.5 1,184.8 1,163.4 1,125.2 1,164.1 777.0 764.5 733.2 708.7 688.2 657.4 644.8 623.8 618.4 949.9 916.2 879.6 876.6 851.0 797.3 794.4 756.7 769.0 66.1 65.2 65.0 64.8 66.2 64.8 64.7 63.5 63.4 5,104 4,786 4,252 4,264 4,435 4,456 4,735 5,116 5,279 0.65 0.62 0.58 0.60 0.64 0.67 0.73 0.81 0.84 3,450 3,151 2,695 2,660 2,812 2,801 2,976 3,178 3,285 0.44 0.41 0.36 0.37 0.41 0.42 0.46 0.50 0.52 5,668 5,499 5,295 5,375 5,583 5,731 6,232 6,893 7,810 0.29 0.24 0.21 0.25 0.27 0.34 0.62 0.76 0.43 0.24 0.54 Provision for credit losses (PCL) ($ millions)(5) 638 529 412 219 222 168 380 496 764 1,382 1,808 PCL on loans and acceptances ($ millions) (6) 636 529 404 218 222 170 379 496 764 1,373 1,809 PCL as % of average net loans and acceptances(1 5(1)(6) 0.33 0.28 0.22 0.13 0.13 0.10 0.24 0.33 0.49 0.19 0.29 PCL on impaired loans as % of average net loans and acceptances (1)(6) 0.29 0.26 0.21 0.24 0.24 0.31 0.53 0.80 0.49 0.24 0.53 Capital and Liquidity Measures CET1 capital ratio (%) (7) 11.5 11.5 11.4 11.6 12.0 12.3 12.2 12.3 12.2 Tier 1 capital ratio (%) (7) 13.2 13.2 13.0 12.8 13.4 13.9 13.7 13.6 13.6 Total capital ratio (%) (7) 15.2 15.3 15.0 15.0 15.1 15.9 15.7 15.7 15.7 Leverage ratio (%) (8) CET1 risk-weighted assets ($ millions) (7) 4.2 4.2 4.2 4.2 4.4 4.8 4.8 4.7 4.7 471,528 462,448 452,800 445,273 433,682 416,105 414,169 404,727 406,780 Net stable funding ratio (NSFR) (%) (9) 109 111 109 109 108 110 112 112 115 Liquidity coverage ratio (%) (10) 122 119 122 125 123 124 123 129 129 Total Loss Absorbing Capacity (as a % of leverage exposure) (11) 8.9 8.8 9.3 9.8 9.4 9.6 8.8 8.3 8.0 TLAC (as a % of risk-weighted assets adjusted as permitted under the TLAC regime) (11) 27.9 27.4 28.4 30.1 28.3 27.8 25.3 24.2 23.3 (1) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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 Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (3) Prior period amount has been restated to align with current period calculation. (4) Includes allowance for credit losses on all financial assets - loans, acceptances, off-balance sheet exposures and other financial assets. (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) This measure has been disclosed in this document in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018). (8) This measure has been disclosed in this document 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 ($) (1) 2023 2022 2021 Full Year Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 55.47 54.68 54.52 54.13 54.94 53.28 53.26 52.29 52.28 54.68 53.28 Share price ($) - High 72.04 81.98 86.22 95.00 93.34 83.11 82.35 80.16 71.17 95.00 83.11 - Low 64.06 63.19 71.21 81.25 79.62 75.84 76.56 68.29 55.11 63.19 55.11 - Close 72.03 65.85 78.01 81.35 91.56 81.14 77.87 78.27 68.20 65.85 81.14 Share price (closing) as % of book value (1) 129.8 120.4 143.1 150.3 166.6 152.3 146.2 149.7 130.5 120.4 152.3 Price (closing)/earnings ratio (X) (1) (2) 9.9 8.2 Market capitalization ($ millions) 85,842 78,452 9.3 93,059 9.8 97,441 11.4 110,274 10.5 10.8 12.4 12.5 8.2 10.5 98,612 94,620 94,988 82,684 78,452 98,612 Dividends Common dividends paid ($ millions) Common dividends/share ($) 1,227 1,227 1,229 1,195 1,207 1,095 1,093 1,092 1,091 4,858 4,371 1.03 1.03 1.03 1.00 1.00 0.90 0.90 0.90 0.90 4.06 3.60 Shares Number of common shares outstanding at period end (millions) Average number of common shares outstanding (millions) 1,192 1,191 1,193 1,198 1,204 1,215 1,215 1,214 1,212 Basic 1,192 1,192 1,195 1,199 1,211 1,215 1,215 1,213 1,212 1,199 1,214 - Diluted 1,199 1,199 1,203 1,201 1,230 1,224 1,223 1,223 1,237 1,208 1,225 Other Information (3) Employees (4) Branches and offices ABMs 91,264 90,979 90,978 90,619 89,782 89,488 90,833 89,847 89,808 2,356 2,384 2,392 2,405 2,424 2,518 2,555 2,569 2,597 8,540 8,610 8,619 8,501 8,505 8,610 8,609 8,695 8,716 Legacy Senior Debt Credit Ratings Moody's(5) Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Aa2 Standard & Poor's (5) A+ A+ A+ A+ A+ A+ A+ A+ A+ Fitch (5) AA AA AA AA AA AA AA AA AA DBRS(5) AA AA AA AA AA AA AA AA AA (1) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto. (2) Based on trailing 4 quarters' EPS. (3) Excludes affiliates. (4) Employees are reported on a full-time equivalent basis. (5) As of January 31, 2023, outlook is Stable (Moody's, Standard & Poor's, DBRS and Fitch). 2 Scotiabank Supplementary Financial Information (SFI)#9Back to Table of Contents Consolidated Statement of Income ($ 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 2023 2022 2021 Full Year Q1 13,156 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 11,118 8,885 7,092 6,463 6,186 6,101 6,187 6,512 33,558 24,986 8,587 6,496 4,569 4,209 2,619 2,119 1,969 1,884 2,011 2,161 15,443 8,025 4,622 4,676 4,473 4,344 4,217 4,217 4,176 4,351 18,115 16,961 3,411 3,004 3,123 3,469 3,705 3,470 3,540 3,560 3,721 13,301 14,291 7,980 7,626 7,799 7,942 8,049 7,687 7,757 7,736 8,072 31,416 31,252 638 529 412 219 222 168 4,464 4,529 4,191 4,159 4,223 4,271 2,878 2,568 3,196 3,564 3,604 3,248 380 496 4,097 4,042 3,280 3,198 764 1,382 1,808 4,208 17,102 16,618 3,100 12,932 12,826 1,106 1,772 475 2,093 602 817 864 689 738 742 702 2,758 2,871 2,594 2,747 2,740 2,559 2,542 2,456 2,398 10,174 9,955 Adjusting items (after tax) (1) Adjusted net income (¹) 594 2,366 522 17 18 18 2,615 2,611 2,765 2,758 157 2,716 188 1119 20 575 214 2,560 2,475 2,418 10,749 10,169 Reported net income attributable to NCI in subsidiaries 40 38 54 78 88 Adjusted net income attributable to NCI in subsidiaries (1) 40 39 54 78 88 80 080 70 81 90 90 258 331 81 90 90 259 341 Reported net income attributable to equity holders of the Bank 1,732 2,055 2,540 2,669 2,652 2,489 2,461 2,366 2,308 9,916 9,624 Preferred shareholders 101 106 36 74 44 78 35 77 43 260 233 Common shareholders 1,631 1,949 2,504 2,595 2,608 2,411 2,426 2,289 2,265 9,656 9,391 Adjusted net income attributable to equity holders of the Bank(" Adjusted net income attributable to common shareholders (1) 2,326 2,576 2,557 2,687 2,670 2,636 2,479 2,385 2,328 10,490 9,828 2,225 2,470 2,521 2,613 2,626 2,558 2,444 2,308 2,285 10,230 9,595 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. 14 4 6 24 7 9 13 2,239 2,474 2,527 2,613 2,650 2,565 2,453 2,321 42 2,327 37 10,267 48 9,643 Scotiabank Supplementary Financial Information (SFI). 3#10Back to Table of Contents Business Segment Performance: Canadian Banking 2023 2022 2021 Full Year Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 Income Statement - Taxable Equivalent Basis ($ millions) Net interest income (TEB) 2,386 2,363 2,361 2,144 2,133 2,082 2,030 1,934 1,984 9,001 8,030 Non-interest income (TEB) 778 771 758 759 741 749 765 690 664 3,029 2,868 Net fee and commission revenues 644 652 637 649 639 621 606 564 542 2,577 2,333 Net income (loss) from investments in associated corporations 15 23 15 18 8 18 23 26 20 64 Other operating income (TEB) 119 96 106 92 94 110 136 100 102 388 Total revenue (TEB) 3,164 3,134 3,119 2,903 2,874 2,831 2,795 2,624 2,648 12,030 87 448 10,898 Provision for credit losses-Charge/(Recovery) 218 163 93 (12) (35) (96) 69 145 215 209 333 Non-interest expenses 1,449 1,397 1,385 1,324 1,282 1,251 1,267 1,229 1,204 5,388 4,951 Income before taxes 1,497 1,574 1,641 1,591 1,627 1,676 1,459 1,250 1,229 6,433 5,614 Income tax expense (TEB) Reported net income Adjusting items (after-tax) (1) Adjusted net income (¹) Reported net income attributable to non-controlling interests Reported net income attributable to equity holders of the Bank Adjusted net income attributable to non-controlling interests (¹) Adjusted net income attributable to equity holders of the Bank (¹) Profitability Measurements Net interest margin (1) 410 404 428 412 426 438 380 323 318 1,670 1,459 1,087 1,170 1,213 1,179 1,201 1,238 1,079 927 911 4,763 4,155 1 4 4 4 4 4 4 4 4 16 16 1,088 1,174 1,217 1,183 1,205 1,242 1,083 931 915 4,779 4,171 1,087 1,170 1,213 1,179 1,201 1,238 1,079 927 911 4,763 4,155 1,088 1,174 1,217 1,183 1,205 1,242 1,083 931 915 4,779 4,171 Net write-offs as a % of average net loans and acceptances (2) 2.26 2.26 2.29 2.22 2.19 2.20 2.23 2.26 2.26 2.24 2.23 0.16 0.14 0.12 0.14 0.14 0.12 0.18 0.24 0.22 0.13 0.19 Reported Return on equity (%) (¹) 23.0 24.7 26.1 27.1 27.4 29.4 26.1 23.5 21.9 26.3 25.2 Provision for credit losses (PCL) as % of average net loans and acceptances (2)(3) 0.19 0.15 0.09 (0.01) (0.03) (0.10) 0.07 0.16 0.23 0.05 0.09 PCL on impaired loans as % of average net loans and acceptances (2) (3) 0.17 0.14 0.13 0.13 0.12 0.10 0.14 0.27 0.23 0.13 0.18 Productivity ratio (%) (2) 45.8 44.6 44.4 45.6 44.6 44.2 45.3 46.8 45.5 44.8 45.4 Adjusted (¹) Return on equity (%) 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 Other liabilities Total liabilities Other Information Employees (5) Branches 23.0 24.8 26.2 27.2 27.5 29.4 26.2 23.6 22.0 26.4 25.3 45.8 44.4 44.2 45.4 44.4 44.0 45.1 46.6 45.3 44.6 45.2 282.9 282.3 278.4 271.8 264.9 255.2 243.3 234.8 231.0 274.3 241.1 72.3 71.6 70.5 68.8 68.6 68.7 68.3 67.8 69.2 69.9 68.5 7.4 7.1 6.9 6.5 6.6 6.4 6.2 6.2 6.6 6.8 6.4 83.7 81.0 77.8 72.7 68.3 64.8 63.3 61.0 58.9 75.0 62.0 446.3 442.0 433.6 419.8 408.4 395.1 381.1 369.8 365.7 426.0 378.0 3.7 3.7 3.7 3.4 3.3 3.0 2.8 2.6 2.6 3.5 2.8 450.0 445.7 437.3 423.2 411.7 398.1 383.9 372.4 368.3 429.5 380.8 211.6 203.7 196.2 190.0 187.2 188.3 190.5 189.0 189.0 194.3 189.2 116.3 116.1 114.9 112.3 111.4 109.8 107.5 103.7 100.1 113.7 105.3 327.9 319.8 311.1 302.3 298.6 298.1 298.0 292.7 289.1 308.0 294.5 28.9 356.8 27.3 25.5 347.1 336.6 23.3 325.6 21.7 19.7 19.3 17.9 17.2 24.5 18.5 320.3 317.8 317.3 310.6 306.3 332.5 313.0 19,831 941 19,262 941 18,861 947 18,683 18,259 17,877 17,424 17,315 17,185 951 954 3,697 3,725 3,734 3,742 3,746 954 3,766 956 959 956 3,552 3,556 3,543 ABMs (1) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (2) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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 Full Year Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 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 Non-interest expenses Income before taxes Income tax expense (TEB) Reported net income Adjusting items (after-tax) (1) Adjusted net income (¹) 1,899 1,806 1,759 1,687 1,648 1,589 1,586 1,662 1,788 6,900 6,625 802 698 660 720 749 728 776 716 773 2,827 2,993 634 557 539 547 550 519 494 525 520 2,193 2,058 63 51 54 77 68 52 52 53 49 250 206 105 90 67 96 131 157 230 138 204 384 729 2,701 2,504 2,419 2,407 2,397 2,317 2,362 2,378 2,561 9,727 9,618 404 355 325 276 274 314 339 1,436 1,364 1,295 1,268 1,285 1,259 1,299 396 1,294 525 1,230 1,574 1,402 5,212 5,254 861 785 799 863 838 744 724 688 634 3,285 2,790 169 106 122 182 208 137 160 181 157 618 635 692 679 677 681 630 607 564 507 477 2,667 2,155 7 7 6 8 7 7 7 9 9 28 32 699 686 683 689 637 614 571 516 486 2,695 2,187 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 non-controlling interests (NCI)¹ Adjusted net income attributable to equity holders of the Bank (NIAEH) Profitability Measurements 38 36 52 76 85 79 78 87 88 249 332 654 643 625 605 545 528 486 420 389 2,418 1,823 38 36 52 76 85 79 78 87 88 249 332 661 650 631 613 552 535 493 429 398 2,446 1,855 Net interest margin (1) 4.00 4.08 3.95 3.96 3.87 3.78 3.81 4.05 4.14 3.96 3.95 Net write-offs as a % of average net loans and acceptances(2) 0.88 0.76 0.74 0.76 0.88 1.25 2.37 2.72 1.27 0.79 1.89 Reported Return on equity (%) (1) 13.4 13.1 13.0 13.2 12.2 12.0 11.1 9.9 8.5 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) 0.96 0.89 0.84 0.77 0.77 0.91 1.00 1.18 1.49 0.82 1.15 0.89 0.81 0.68 0.77 0.81 1.18 2.08 2.81 1.50 0.77 1.88 53.2 54.5 53.5 52.7 53.6 54.3 55.0 54.4 54.7 53.6 54.6 Adjusted(¹) Return on equity (%) Productivity ratio (%) 13.6 13.2 13.1 13.3 12.4 12.2 11.3 10.1 8.7 13.0 10.6 52.8 54.1 53.2 52.2 53.2 53.9 54.6 53.9 54.2 53.2 54.2 Average Balance Sheet ($ billions) Residential mortgages 47.8 44.3 42.3 42.0 39.7 38.6 38.3 38.8 38.9 42.1 38.6 Personal loans 19.5 18.7 18.4 18.2 17.7 17.9 18.2 18.9 19.4 18.3 18.6 Credit cards 8.2 7.6 7.4 7.3 6.7 6.3 6.5 7.7 8.6 7.2 7.3 Business and government loans & acceptances 95.1 90.1 86.6 83.1 79.3 78.1 74.9 76.4 77.2 84.8 76.7 Total loans & acceptances 170.6 160.7 154.7 150.6 143.4 140.9 137.9 141.8 144.1 152.4 141.2 Investment securities 18.2 17.5 16.6 16.1 15.5 15.8 16.5 17.1 16.6 16.4 16.5 Deposits with banks 15.8 15.0 15.4 16.1 16.8 14.9 15.9 15.7 17.6 15.8 16.0 Other assets Total assets Personal deposits Non-personal deposits Total deposits Other liabilities Total liabilities Other Information 23.8 23.9 22.4 21.1 20.4 20.6 20.4 19.6 21.1 21.9 20.4 228.4 217.1 209.1 203.9 196.1 192.2 190.7 194.2 199.4 206.5 194.1 39.5 37.8 36.7 36.4 35.5 36.2 35.7 36.3 36.7 36.6 36.3 79.5 74.9 72.0 69.8 65.7 65.9 67.2 66.7 69.1 70.6 67.2 119.0 112.7 108.7 106.2 101.2 102.1 103.0 103.0 105.8 107.2 103.5 49.7 47.6 46.5 42.7 42.8 43.6 43.3 45.9 47.4 44.9 45.0 168.7 160.3 155.2 148.9 144.0 145.7 146.3 148.9 153.2 152.1 148.5 Employees (4) Branches ABMs Amortization of intangibles (pre-tax) (1) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (2) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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. 41,481 41,660 1,175 1,203 42,143 1,205 42,574 1,214 4,843 10 4,885 9 4,885 10 4,759 10 42,580 1,227 4,759 10 43,372 45,426 45,507 45,878 1,318 4,844 10 1,352 1,362 1,393 5,057 5,139 5,173 11 11 13 39 45 45 Scotiabank Supplementary Financial Information (SFI). 5#12Back to Table of Contents Business Segment Performance: International Banking (Constant Dollar) (1) 2023 2022 2021 Full Year Q1 Q4 Q3 Q2 11] Q1 69 Q4 Q3 Q2 22 Q1 2022 2021 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 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) 1,899 1,866 1,849 1,752 1,756 1,677 1,665 1,685 1,770 7,223 6,797 802 696 634 699 735 696 744 669 705 2,898 2,949 634 570 559 562 577 538 513 526 508 2,269 2,085 63 53 105 333 56 79 69 55 56 55 49 257 215 73 19 58 89 103 175 88 148 372 649 2,701 2,562 2,483 2,451 2,491 2,373 2,409 2,354 2,475 10,121 9,746 404 366 336 282 291 335 360 398. 513 1,275 1,607 1,436 1,398 1,345 1,305 1,350 1,309 1,350 1,306 1,381 5,399 5,346 861 798 802 864 850 729 699 650 581 3,447 2,793 169 106 104 181 208 129 148 170 144 633 626 692 692 698 683 642 600 551 480 437 2,814 2,167 7 7 7 8 8 7 8 7 9 29 699 699 705 691 650 607 559 487 446 2,843 31 2,198 38 37 54 75 87 79 76 81 79 254 316 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) 654 655 644 608 555 521 475 399 358 2,560 1,851 38 37 54 76 88. 79 77 80 80 253 316 661 662 651 615 562 528 482 407 366 2,590 1,882 Net interest margin (2) 4.00 4.08 3.95 3.96 3.87 3.78 3.81 4.05 4.14 3.96 3.95 Net write-offs as a % of average net loans and acceptances(4) 0.88 0.76 0.74 0.76 0.88 1.25 2.37 2.72 1.27 0.79 1.89 Reported Return on equity (%) (2) 13.4 13.1 13.0 13.2 12.2 12.0 11.1 9.9 8.5 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) 0.96 0.89 0.84 0.77 0.77 0.91 1.00 1.18 1.49 0.82 1.15 0.89 0.81 0.68 0.77 0.81 1.18 2.08 2.81 1.50 0.77 1.88 53.2 54.5 53.5 52.7 53.6 54.3 55.0 54.4 54.7 53.6 54.6 Adjusted (²) Return on equity (%) 13.6 13.2 13.1 13.3 12.4 12.2 11.3 10.1 8.7 13.0 10.6 Productivity ratio (%) 52.8 54.11 53.2 52.2 53.2 53.9 54.6 53.9 54.2 53.2 54.2 Average Balance Sheet ($ billions) Residential mortgages 47.8 46.5 44.9 43.4 41.8 40.0 38.8 38.1 37.6 44.1 38.6 Personal loans 19.5 19.4 19.1 18.6 18.6 18.6 18.6 18.7 18.8 19.0 18.6 Credit cards 8.2 7.8 7.6 7.2 6.8 6.4 6.4 7.3 8.0 7.3 7.0 Business and government loans & acceptances 95.1 92.4 90.9 87.0 84.2 82.7 79.6 79.0 78.0 88.8 79.9 Total loans & acceptances 170.6 166.1 162.5 156.2 151.4 147.7 143.4 143.1 142.4 159.2 144.1 Investment securities 18.2 18.0 17.5 16.7 16.5 16.6 17.2 17.4 16.5 17.2 16.9 Deposits with banks 15.8 15.3 16.2 17.0 17.9 15.8 17.1 16.4 17.9 16.6 16.8 Other assets Total assets Personal deposits Non-personal deposits Total deposits 23.8 25.7 24.5 22.4 22.1 21.9 21.7 20.1 21.1 23.5 21.3 228.4 225.1 220.7 212.3 207.9 202.0 199.4 197.0 197.9 216.5 199.1 39.5 38.9 38.6 38.2 37.9 38.4 37.9 37.4 37.0 38.4 37.7 79.5 77.1 75.4 72.6 69.4 69.1 70.4 67.6 68.3 73.6 68.9 119.0 116.0 114.0 110.8 107.3 107.5 108.3 105.0 105.3 112.0 106.6 Other liabilities 49.7 50.3 49.5 43.2 44.8 44.7 43.3 44.4 45.1 47.0 44.3 Total liabilities Other Information 168.7 166.3 163.5 154.0 152.1 152.2 151.6 149.4 150.4 159.0 150.9 Employees (6) 41,481 41,660 Branches 1,175 ABMs Amortization of intangibles (pre-tax) 4,843 10 1,203 4,885 10 42,143 1,205 4,885 10 42,574 1,214 4,759 10 42,580 1,227 4,759 10 43,372 1,318 4,844 10 45.426 1,352 5,057 10 45,507 1,362 5,139 10 45,878 1,393 5,173 12 11 41 44 (1) Data presented on a constant FX basis. Quarterly results reflect FX rates as of Q1/23, while full-year results reflect Current Year Average FX rates. Refer to non-GAAP measures on page 7 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (2) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (3) Ratios are on a reported basis. (4) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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) (1) 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 NIAEHC 2022 2021 2023 Q1 213 1,110 1,101 1,074 3 6 1,323 1,289 1 802 520 133 387 7 394 2 385 2 392 ཚོ ཚོ ཚོཚེཨ་ོི ཥྞཱ Q3 200 1,112 1,174 1,107 1,170 3 2 1,312 1,358 5 796 511 133 378 7 385 2 376 2 383 ཙི ཎྞཎྜęཡ༤ཝརྞྞཊྛ ཨཏྠུ སམྦྷ Q2 Q1 Q4 Q3 Q2 184 174 161 1,248 1,186 1,175 1,244 1,177 1,167 5 1 7 (1) 3 2 1,422 1,347 1,335 1 (1) 1 803 862 824 554 561 522 145 146 135 409 415 387 6 7 7 415 422 394 2 3 407 412 2 385 413 2 3 2 419 392 ༆ཎྜཉྫཱཤྩཱཧྨ☁ཊྛ⌘སྐྱསྙརྞྞཉྙཱུ དྡྷ སྦྲ 160 152 1,156 1,235 1,148 1,223 3 4 5 4 1,308 1,390 (1) (2) 812 802 524 508 132 134 392 374 7 6 399 380 2 390 2 372 2 2 ཙ øསྨཱསྨཱཀ8ཙྩུ❁ཝཱསྱཱ ཨཱུ ཀཙྪུ ཀ Q1 Full Year 2022 2021 155 764 4,617 628 4,752 4,595 4,715 3 14 17 9 8 5,381 20 5,380 4 817 6 3,259 2 3,255 569 2,116 2,123 148 551 549 421 1,565 1,574 7 428 27 1,592 27 1,601 418 9 1,556 9 1,565 3 397 378 425 9 1,583 9 1,592 Adjusted NIAEH by geography Canada International 337 320 335 366 375 348 348 333 385 1,396 1,414 55 48 48 47 44 44 49 45 40 187 178 Wealth Management 45 39 39 38 37 37 39 36 29 153 141 Pensions 10 9 9 9 7 7 10 9 11 34 37 Total Adjusted Net Income Attributable to Equity Holders of the Bank(¹) 392 368 383 413 419 392 397 378 425 1,583 1,592 Revenue by geography Canada 1,150 1,126 1,148 1,200 1,269 1,198 1,187 1,157 1,241 4,743 4,783 International 173 163 164 158 153 149 148 151 149 638 597 146 137 140 132 130 128 124 125 121 539 498 27 26 24 26 23 21 24 26 28 99 99 1,323 1,289 1,312 1,358 1,422 1,347 1,335 1,308 1,390 5,381 5,380 Wealth Management Pensions Total Revenue (TEB) Profitability Measurements Reported Return on equity (%)(¹) 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 15.5 14.8 15.5 17.5 17.2 16.3 16.5 16.4 17.6 16.2 16.7 60.6 61.9 60.6 59.1 60.6 61.1 60.9 61.3 58.8 60.6 60.5 15.8 15.0 15.7 17.8 17.5 16.6 16.8 16.7 17.9 16.5 17.0 59.9 61.2 59.9 58.5 60.0 60.5 60.2 60.6 58.1 59.9 59.8 23.2 22.9 22.2 21.2 20.1 19.1 18.0 16.8 15.9 21.6 17.4 10.7 10.9 11.0 11.2 11.4 11.4 11.5 11.6 11.6 11.1 11.6 33.9 33.8 33.2 32.4 31.5 30.5 29.5 28.4 27.5 32.7 29.0 18.6 19.7 21.2 22.0 21.0 19.5 19.0 18.9 18.2 21.0 18.9 15.9 16.8 18.6 17.4 18.0 19.2 18.8 17.9 16.4 17.7 18.1 34.5 36.5 39.8 39.4 39.0 38.7 37.8 36.8 34.6 38.7 37.0 7.2 7.7 8.4 8.4 8.5 8.5 8.2 7.8 7.5 8.2 7.9 41.7 44.2 48.2 47.8 47.5 47.2 46.0 44.6 42.1 46.9 44.9 478 455 25 129 125 121 117 8 8 607 580 291 280 31 31 23 23 8 8 322 311 6,318 6,608 6,589 1,413 1,407 1,343 7,731 8,015 7,932 ខ្ល៩៩ ៩២៦២៩ ១០៩៩៦ 475 490 488 475 461 434 455 488 116 111 109 107 106 110 125 109 106 101 99 96 93 96 117 99 10 10 10 11 13 14 8 10 591 601 597 582 567 544 580 597 294 313 315 307 292 274 280 315 32 32 31 34 37 38 31 31 22 22 22 21 23 24 24 23 21 10 10 10 11 13 14 8 10 326 345 346 341 329 312 311 346 6,380 6,281 6,135 6,136 5,932 5,859 1,346 1,331 1,301 1,325 1,233 1,234 7,726 7,612 7,436 7,461 7,165 7,093 Total (1) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (2) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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) 7#14Back to Table of Contents Business Segment Performance: Global Banking and Markets 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 Reported net income attributable to non-controlling interests (NCI) Reported net income attributable to equity holders of the Bank (NIAEH) 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 Net write-offs as a % of average net loans and acceptances (1) Reported Return on equity (%)(2) Provision for credit losses (PCL) as % of average net loans and acceptances (1)(3) PCL on impaired loans as % of average net loans and acceptances (¹)(3) Productivity ratio (%) (¹) Average Balance Sheet ($ billions) Business and government loans & acceptances Securities purchased under resale agreements Trading Assets Securities Loans Investment securities Deposits with banks Other assets Total assets Total deposits Other liabilities Total liabilities Other Information Employees (4) In Canada 2023 2022 2021 Full Year Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 454 492 405 360 373 365 363 350 358 1,630 1,436 1,049 383 666 1,503 15 773 715 196 519 ༔་༔ནཱང་ྕ 862 747 902 1,031 812 890 907 978 3,542 3,587 454 336 372 416 395 460 474 432 1,578 1,761 408 411 530 615 417 430 433 546 1,964 1,826 1,354. 1,152 1,262 1,404 1,177 1,253 1,257 1,336 5,172 5,023 11 (15) (46) (16) (50) (27) (43) 20 (66) (100) 696 655 653 670 591 620 633 614 2,674 2,458 647 512 655 750 636 660 667 702 2,564 2,665 163 134 167 189 134 147 150 159 653 590 484 378 488 561 502 513 517 543 1,911 2,075 519 484 378 488 561 502 513 517 543 1,911 2,075 802 850 729 708 668 622 649 620 627 2,955 2,518 701 504 423 554 736 555 604 637 709 2,217 2,505 1,503 1,354 1,152 1,262 1,404 1,177 1,253 1,257 1,336 5,172 5,023 324 180 128 185 305 219 264 299 368 798 1,150 226 193 197 232 311 256 264 266 240 933 1,026 47 24 21 51 32 21 16 14 31 128 82 104 107 77 86 88 59 60 58 70 358 247 701 504 423 554 736 555 604 637 709 2,217 2,505 0.02 0.01 (0.11) 0.02 0.01 0.03 0.06 0.10 (0.02) 0.05 13.2 13.4 11.1 15.6 17.4 15.5 16.1 17.4 17.3 14.3 16.5 0.04 0.03 (0.05) (0.16) (0.06) (0.18) (0.11) (0.18) 0.08 (0.06) (0.10) - 0.06 (0.06) (0.01) (0.03) 0.01 0.03 0.05 0.06 (0.01) 0.03 51.4 51.4 56.8 51.7 47.7 50.3 49.5 50.3 46.0 51.7 48.9 131.6 122.5 111.5 102.0 98.7 93.7 91.4 90.7 91.4 108.7 91.8 171.9 155.0 143.7 127.2 131.0 119.3 117.3 115.4 115.5 139.3 116.9 107.8 106.5 120.3 137.8 155.4 136.5 134.9 137.4 129.7 129.9 134.6 99.9 98.6 112.2 129.6 147.4 130.3 128.4 130.5 121.7 121.9 127.7 7.9 7.9 8.1 8.2 8.0 6.2 6.5 6.9 8.0 8.0 6.9 5.9 5.7 5.8 5.6 5.6 5.8 5.8 6.3 6.5 5.7 6.1 (1.0) 0.2 0.9 0.3 0.9 0.2 0.4 (0.4) 0.7 vi 0.6 0.2 64.3 71.0 60.8 58.4 52.6 53.0 51.1 49.6 51.4 60.8 51.3 480.5 460.9 443.0 431.3 444.2 408.5 400.9 399.0 395.2 445.0 400.9 185.1 179.4 170.0 163.6 165.2 159.6 155.4 159.9 150.4 169.6 156.3 269.6 250.6 249.2 236.5 241.5 222.5 218.0 238.2 236.7 244.5 228.8 454.7 430.0 419.2 400.1 406.7 382.1 373.4 398.1 387.1 414.1 385.1 1,120 1,080 1,074 1,063 1,055 1,043 1,038 1,014 1,018 Outside Canada 1,091 1,145 1,131 1,054 1,052 1,089 1,092 1,057 1,079 Total 2,211 2,225 2,205 2,117 2,107 2,132 2,130 2,071 2,097 (1) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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 Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (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) 8#15Back to Table of Contents Business Segment Performance: Other (1) 2023 Q1 Q4 == 2022 33 22 Q2 Q1 64 Q4 2021 Full Year 03 Q3 Q2 Q1 2022 2021 Income Statement - Taxable Equivalent Basis (TEB)-($ millions) Net interest income (TEB)(2) (383) (245) (49) 98 16 20 Non-interest income (TEB) (2) (3) (4) (5) (328) (410) (154) (86) (64) Total revenue (TEB)(2) (711) (655) (203) 12 (48) Provision for credit losses Non-interest expenses (5) Income before taxes Income tax expense (TEB)(2) Reported net income Adjusting items (after-tax)(6) Adjusted net income (6) (1) 4 ུཝེ@8 78 (5) ༤Ê (66) 12 169 (1) 4 274 60 111 124 346 99 (715) (928) (267) (99) (172) (330) (87) 198 (325) (215) (89) (105) (155) (81) (913) (603) (52) (10) (67) (175) (6) 579 504 139 (334) (99) (52) (10) (67) (36) (6) ལྔ ཅ ༅ ་ཚ ཚ ཆ ་ཆ 66 (180) 242 71 (714) 91 137 (894) 333 3 (1) 171 569 700 (34) (1,466) (366) (46) (80) (734) (362) 46 (732) (4) 504 139 46 (228) 135 Reported net income attributable to non-controlling interests Reported net income attributable to equity holders of the Bank (913) (603) (11) 1 (1) 65217 (52) (10) (67) (164) (7) 130 47 (732) (10) 06 Adjusted net income attributable to non-controlling interests (6) Adjusted net income attributable to equity holders of the Bank (6) Average Balances ($ billions) 1 (1) 1 1 (1) 1 (334) (100) (52) (10) (67) (35) (7) 130 47 (229) 135 Total assets 187.2 175.4 172.6 173.4 155.1 143.4 143.1 157.2 164.9 168.0 152.4 282.8 277.3 262.4 269.2 246.6 206.1 193.0 178.3 195.8 262.7 193.8 Total liabilities (1) Represents smaller operating segments including Group Treasury and corporate adjustments. (2) Includes elimination of the tax-exempt income gross-up reported in net interest income, other operating income and provision for income taxes in the four business segments reported on pages 4 to 8. (3 Reflects elimination of tax normalization adjustments related to income from associated corporations in other business segments. (4) Includes net loss on divestitures and wind-down of operations. (5) 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. (6) Refer to Non-GAAP Measures on Notes Pages 1-3 of the Supplementary Financial Information Report. Scotiabank Supplementary Financial Information (SFI) 9#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 Full Year Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 201 195 187 207 190 187 177 181 204 779 749 469 456 447 430 437 414 400 399 385 1,770 1,598 466 451 398 397 401 368 382 377 358 1,647 1,485 1,136 1,102 1,032 1,034 1,028 969 959 957 947 4,196 3,832 532 528 538 575 628 605 580 548 661 2,269 2,394 279 264 276 287 298 265 263 259 252 1,125 1,039 Investment management and trust Investment management and custody 198 190 196 Personal and corporate trust 55 52 15. 202 207 202 199 193 198 795 792 51 52 49 49 49 53 52 48 204 202 Total investment management and trust 253 242 247 254 256 251 252 245 246 999 994 Total wealth management revenues 1,064 1,034 1,061 1,116 1,182 1,121 1,095 1,052 1,159 4,393 4,427 Underwriting and advisory fees 102 136 98 137 172 144 198 216 166 543 724 Non-trading foreign exchange 232 228 209 216 225 179 194 210 204 878 787 Other fees and commissions 186 206 143 145 156 153 171 189 164 650 677 Total fee and commission revenues 2,720 2,706 2,543 2,648 2,763 2,566 2,617 2,624 2,640 10,660 10,447 Net income from investments in associated corporations 16 49 44 84 91 96 73 113 57 268 339 Other operating income Trading revenues 634 418 311 453 609 409 478 525 621 1,791 2,033 Net gain on sale of investment securities 44 71 1 2 83 80 137 119 74 419 Insurance underwriting income, net of claims 112 114 113 105 101 102 83 100 113 433 398 Other(2) (115) (354) 112 178 139 214 209 61 171 75 655 Total other operating income 675 249 536 737 851 808 850 823 1,024 2,373 3,505 Total non-interest income (reported) 3,411 3,004 3,123 3,469 3,705 3,470 3,540 3,560 3,721 13,301 14,291 Adjusting items(¹) Net loss on divestitures and wind down of operations (2) Total non-interest income (adjusted)(¹) 3,411 361 3,365 361 3,123 3,469 3,705 3,470 3,540 3,560 3,721 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 10#17Back to Table of Contents Revenue from Trading-Related Activities and Assets Under Administration and Management 2023 2022 2021 ($ millions) Q1 Q4 Q3 Q2 Q1 Q4 33 Q3 22 Q2 Q1 Full Year 2022 2021 Trading-related revenue (TEB)(1) (2) Net interest income (62) (38) (53) (31) 10 35 33 42 26 (112) 136 Non-interest income Trading revenues 744 505 392 535 692 493 547 596 40 80 23 22 33 36 46 51 685 2,124 2,321 52 158 185 784 585 415 557 725 529 593 647 737 2,282 2,506 722 547 362 526 735 564 626 689 763 2,170 2,642 Other fees and commission Total non-interest income Total― Trading-related revenue (2) Trading-related revenue by product (TEB)(2) Interest rate and credit 272 133 118 112 243 167 215 242 317 606 941 Equities 205 150 179 209 291 236 244 234 218 829 932 Foreign exchange and Other (3) 245 264 65 205 201 161 167 213 228 735 769 Trading-related revenue by product (TEB)(2) 722 547 362 526 735 564 626 689 763 2,170 2,642 Taxable equivalent adjustment 110 87 81 82 83 84 69 71 64 333 288 Total trading-related revenue by product (Non-TEB)(2) 612 460 281 444 652 480 557 618 699 1,837 2,354 Assets under administration ($ billions) (4) Retail brokerage Investment management and trust Personal Mutual funds Institutional 86.8 Total 664.7 202.7 192.4 195.6 200.8 206.8 201.0 194.5 169.6 162.7 147.5 147.2 140.9 144.7 139.4 372.3 355.1 343.1 348.0 347.7 345.7 333.9 205.6 198.8 206.6 212.6 224.2 225.2 87.7 80.4 79.6 79.3 641.6 630.1 640.2 185.9 136.3 134.0 172.0 322.2 306.0 223.2 217.0 209.0 82.0 79.3 83.6 83.1 651.2 652.9 636.4 622.8 598.1 Assets under management ($ billions) (4) Personal 80.2 76.7 77.0 77.3 78.8 76.3 73.2 69.4 64.0 Mutual funds 190.1 184.1 191.0 195.0 205.6 206.9 205.1 199.3 192.1 Institutional Total 52.1 322.4 50.3 51.6 53.9 60.9 62.6 62.5 60.0 55.6 311.1 319.6 326.2 345.3 345.8 340.8 328.7 311.7 (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 Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (3) Foreign exchange and Other includes trading-related revenues from foreign exchange, commodities and other trading activities of the Bank. (4) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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 Performance-based compensation Share-based payment Other employee benefits Total salaries and employee benefits Premises Rent Property taxes Other premises costs Total premises Technology 2023 2022 2021 Full Year Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 1,368 1,290 1,273 1,212 1,214 1,192 1,190 1,134 1,178 4,989 4,694 515 493 458 483 570 458 513 541 574 2,004 2,086 81 54 71 87 123 55 40 41 87 335 223 376 350 392 393 373 349 388 412 389 1,508 1,538 2,340 2,187 2,194 2,175 2,280 2,054 2,131 2,128 2,228 8,836 8,541 5 (6) (1) (1) 1 (1) 2 (2) 1 110 134 506 ៩ ៖ ៩៩៩ 21 25 25 21 23 27 24 23 92 97 110 106 110 100 101 103 106 105 426 415 131 136 129 120 123 131 129 130 516 513 505 476 461 466 475 466 452 445 1,908 1,838 193 183 187 186 194 190 192 193 749 769 Depreciation Amortization Amortization of software intangibles 196 178 174 169 164 165 159 157 159 685 640 Amortization of intangibles 21 23 24 25 25 24 24 26 28 97 102 Total amortization 217 201 198 194 189 189 183 183 187 782 742 Communications 94 90 88 93 90 93 98 86 94 96 96 361 369 Advertising and business development 136 140 123 108 109 126 93 94 5 91 480 404 Professional 175 239 200 195 192 242 211 179 157 826 789 Business and capital taxes Business taxes Capital taxes Total business and capital taxes Other Total operating expenses Adjusting items (1) Amortization of acquisition-related intangible assets (2) Restructuring and other provisions (3) Support costs of the Scene+ loyalty program (3) Total adjusting items Adjusted operating expenses (1) (1) Refer to Non-GAAP Measures on Note 1-3 pages of the Supplementary Financial Information Report. (2) Recorded in Depreciation and Amortization. (3) Recorded in Other Operating Expenses above. Scotiabank 140 121 120 116 21 13 15 16 161 134 135 132 ៩៩៩ 126 110 109 112 130 483 461 10 13 14 13 58 50 140 120 122 126 143 541 511 512 709 458 485 451 655 484 465 538 2,103 2,142 4,464 4,529 4,191 4,159 4,223 4,271 4,097 4,042 4,208 17,102 16,618 (21) (24) (24) (24) (25) (25) (24) (26) (28) (97) (103) (85) (188) (85) (188) (133) (133) (21) (242) (24) (24) (25) (213) (24) (26) (28) (315) (291) 4,443 4,287 4,167 4,135 4,198 4,058 4,073 4,016 4,180 16,787 16,327 Supplementary Financial Information (SFI) 12#19Back 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 2023 2022 Q1 Q4 Q3 Q2 Q1 Q4 2021 Q3 Q2 Q1 81,386 725 65,895 543 67,715 837 85,910 1,056 99,053 527 86,323 755 75,881 759 52,017 553 89,491 1,107 106,735 7,642 103,547 7,811 108,538 8,295 123,413 8,483 143,021 8,494 Other 1,969 1,796 1,772 1,748 1,432 137,148 8,113 1,051 133,575 6,793 752 137,116 6,532 599 133,197 7,903 668 Total trading assets 116,346 113,154 118,605 133,644 152,947 146,312 141,120 144,247 141,768 Securities purchased under resale agreements and securities borrowed 178,690 175,313 155,217 148,706 132,714 127,739 129,013 131,081 118,831 Derivative financial instruments 44,820 55,699 47,139 54,608 40,655 42,302 41,904 40,573 46,269 Investment securities 111,004 110,008 108,222 100,487 81,699 75,199 81,734 85,107 99,236 Loans to customers Residential mortgages Personal loans Credit cards Business and government Sub-total Allowance for credit losses Total net loans 353,527 349,279 343,965 337,714 330,991 319,678 310,370 296,727 290,474 101,041 99,431 96,561 94,437 92,622 91,540 91,544 90,682 91,442 15,494 14,518 13,871 13,622 13,145 12,450 12,194 12,826 14,143 290,608 287,107 264,128 249,223 236,072 218,944 219,720 214,646 215,180 760,670 750,335 718,525 694,996 672,830 642,612 633,828 614,881 611,239 5,513 755,157 5,348 744,987 5,147 713,378 5,294 689,702 5,492 667,338 5,626 636,986 6,079 627,749 6,716 608,165 7,590 603,649 Other Customers' liability under acceptances, net of allowance Current tax assets 21,872 2,228 19,494 3,349 19,817 2,802 19,043 2,844 20,901 20,404 1,745 1,722 17,023 1,769 15,596 1,607 14,775 1,608 Investment property 40 36 36 39 40 40 42 43 43 Land, buildings and equipment 5,659 5,664 5,493 5,532 5,542 5,581 5,496 5,515 5,687 Investments in associates 2,684 2,633 2,733 2,760 2,740 2,604 2,504 2,480 2,516 Goodwill and other intangible assets 17,170 16,833 16,580 16,712 16,752 16,604 16,703 16,801 16,977 Deferred tax assets 2,508 1,903 905 1,137 1,969 2,051 2,108 2,052 2,116 Other assets Total other assets Total Assets 34,149 86,310 33,907 83,819 32,623 80,989 26,326 74,393 20,852 70,541 20,222 19,624 19,411 19,977 69,228 65,269 63,505 63,699 1,374,438 1,349,418 1,292,102 1,288,506 1,245,474 1,184,844 1,163,429 1,125,248 1,164,050 Scotiabank Supplementary Financial Information (SFI) 13#20Back to Table of Contents Consolidated Statement of Financial Position — Liabilities and Equity (Spot Balances) 2023 ($ millions) Q1 Q4 2022 Q3 2021 Q2 Q1 Q4 Q3 Q2 Q1 Liabilities Deposits Personal 274,879 Business and government 621,740 265,892 597,617 259,503 566,966 252,847 569,268 247,067 559,616 Financial institutions 53,268 52,672 Total deposits 949,887 916,181 53,113 879,582 54,439 44,362 876,554 851,045 243,551 511,348 42,360 797,259 247,462 246,661 503,314 469,078 43,610 40,922 794,386 756,661 249,509 476,334 43,150 768,993 Financial instruments designated at fair value through profit or loss 26,583 22,421 22,876 21,927 23,979 22,493 21,961 20,406 20,260 Other Acceptances 21,912 19,525 19,844 19,070 20,934 20,441 17,085 15,668 14,856 Obligations related to securities sold short 43,439 40,449 44,220 44,620 46,133 40,954 43,276 41,768 40,119 Derivative financial instruments 52,746 65,900 56,880 57,123 39,697 42,203 38,894 39,868 41,296 Obligations related to securities sold under repurchase agreements and securities lent Current tax liabilities 132,206 139,025 128,145 131,978 122,878 123,469 112,516 115,969 140,491 409 463 288 224 575 1,344 1,369 1,065 760 Subordinated debentures 8,713 8,469 8,413 8,447 6,338 6,334 6,418 6,439 6,600 Provisions for off-balance sheet credit risks and other Deferred tax liabilities Other Total other liabilities Total Liabilities Equity Common equity Common shares Retained earnings Other reserves 321 1,068 61,403 322,217 1,298,687 333 252 254 1,099 1,075 1,154 60,804 56,942 55,188 336,067 316,059 318,058 1,274,669 1,218,517 1,216,539 277 1,170 58,502 296,504 1,171,528 325 169 1,149 55,981 292,200 1,111,952 1,184 177 1,154 165 1,152 54,010 55,651 274,921 277,759 1,091,268 1,054,826 58,221 303,660 1,092,913 18,732 18,707 18,728 18,799 18,421 18,507 18,493 18,377 18,297 54,165 53,761 53,151 52,209 51,848 51,354 50,044 48,713 47,519 Accumulated other comprehensive income (6,640) (7,166) (6,684) (6,034) (4,324) (5,333) (3,986) (3,979) (2,785) (145) (152) (152) (141) 227 222 169 348 356 Total common equity 66,112 65,150 65,043 64,833 66,172 64,750 64,720 63,459 63,387 Preferred shares and other equity instruments 8,075 8,075 Total equity attributable to equity holders of the Bank 74,187 73,225 7,052 72,095 5,552 70,385 5,552 71,724 6,052 70,802 5,299 70,019 4,549 68,008 5,308 68,695 Non-controlling interests in subsidiaries 1,564 Total Equity 75,751 1,524 74,749 1,490 73,585 1,582 71,967 2,222 73,946 2,090 72,892 2,142 72,161 2,414 70,422 2,442 71,137 Total Liabilities and Equity 1,374,438 1,349,418 1,292,102 1,288,506 1,245,474 1,184,844 1,163,429 1,125,248 1,164,050 Scotiabank Supplementary Financial Information (SFI) 14#21Back to Table of Contents Average Balance Sheet ($ millions) Deposits with financial institutions 2023 2022 2021 Full Year Q1 76,271 Q4 66,073 Q3 78,134 Q2 94,428 Q1 89,484 Q4 76,635 Q3 73,216 Q2 81,114 Q1 71,465 2022 81,928 2021 75,562 Trading assets - Securities - Loans 111,996 Total trading assets 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 6,497 143,223 138,343 6,924 145,267 130,212 8,095 138,307 130,469 8,148 135,917 6,938 138,617 142,855 Securities purchased under resale agreements and securities borrowed 174,942 157,438 146,002 129,761 133,171 121,640 120,779 118,347 118,460 141,690 119,818 Investment securities including investments in associates 114,902 111,944 105,153 91,618 80,246 80,875 85,842 92,755 109,377 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 351,178 101,099 346,793 341,673 335,368 326,748 316,497 302,736 291,989 287,438 337,664 299,728 98,886 96,385 93,904 92,675 91,958 91,393 91,445 93,227 95,475 92,010 15,117 293,029 14,279 278,331 13,862 260,869 13,398 12,941 12,358 12,401 13,491 14,778 13,622 13,255 242,840 230,958 222,617 216,167 215,192 214,929 253,335 217,243 760,423 5,504 754,919 738,289 5,295 732,994 712,789 5,250 707,539 685,510 663,322 5,425 680,085 5,522 657,800 643,430 5,912 637,518 622,697 612,117 610,372 700,096 622,236 6,356 616,341 7,455 604,662 7,603 602,769 5,372 694,724 6,826 615,410 20,535 20,428 18,123 20,610 20,567 18,202 16,407 15,293 15,867 19,926 16,452 1,261,543 1,206,684 1,183,841 1,161,292 1,144,451 1,079,571 1,055,808 1,057,438 1,056,245 1,174,172 1,062,305 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 42,919 50,839 46,424 52,640 48,206 59,330 43,741 51,167 Total assets 1,380,008 1,332,897 1,295,165 1,264,193 1,238,616 1,172,707 1,148,097 1,151,196 1,155,309 1,281,708 1,157,213 Deposits from customers 889,604 Deposits from banks 55,143 Financial instruments designated at fair value through profit or loss 23,510 856,797 56,205 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 23,181 754,147 43,336 22,575 860,113 820,058 738,451 45,363 21,476 805,290 724,460 43,724 20,711 788,895 723,052 825,563 735,114 45,110 51,756 44,389 19,670 787,832 22,751 21,111 900,070 800,614 44,986 45,466 46,859 47,241 48,386 44,224 44,902 44,758 40,575 46,986 43,605 Securities sold short Obligations related to securities sold under repurchase Agreements and securities lent Subordinated debentures Other liabilities Shareholders' equity 136,117 118,184 117,780 112,935 121,478 109,038 107,753 124,439 125,132 117,633 116,526 8,907 8,729 8,623 7,187 6,500 6,491 6,459 6,502 6,840 7,764 6,574 146,479 150,533 134,484 134,226 128,635 119,058 111,636 115,860 124,074 135,887 118,026 65,631 8,075 65,096 7,397 64,938 65,503 65,461 64,735 64,089 63,424 63,103 65,190 63,827 7,025 5,552 5,883 6,966 5,807 4,884 5,308 6,472 5,748 1,556 75,262 1,543 74,036 1,564 73,527 1,554 2,160 2,137 2,161 72,609 73,504 73,838 72,057 2,434 70,742 2,445 1,706 2,293 70,856 73,368 71,868 1,380,008 1,332,897 1,295,165 1,264,193 1,238,616 1,172,707 1,148,097 1,151,196 1,155,309 1,281,708 1,157,213 - Common shares, retained earnings, accumulated other Comprehensive income and other reserves - Preferred shares - Non-controlling interests in subsidiaries - Total shareholders' equity Total liabilities and shareholders' equity (1) Refer to Non-GAAP Measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com 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 2022 Q1 Q4 Q3 Q2 Q1 Q4 ठ 2021 Full Year Q3 Q2 Q1 2022 2021 18,707 18,728 25 (21) 18,799 (71) 18,421 378 18,507 18,493 18,732 18,707 18,728 18,799 (86) 18,421 14 18,377 116 18,297 18,239 18,507 18,239 80 58 200 268 18,507 18,493 18,377 18,297 18,707 18,507 Balance at beginning of period 53,761 53,151 52,209 51,848 51,354 50,044 48,713 47,519 46,345 51,354 46,345 Net income attributable to common shareholders of the Bank 1,631 1,949 2,504 2,595 2,608 2,411 2,426 2,289 2,265 9,656 9,391 Dividends paid to common shareholders of the Bank (1,228) (1,227) (1,229) (1,195) (1,207) (1,095) (1,093) (1,092) (1,091) (4,858) (4,371) Shares repurchased/redeemed Other Balance at end of period Accumulated Other Comprehensive Income (Loss) Balance at beginning of period (102) (331) (1,038) (896) (2,367) 1 (10) (2) (1) (11) (6) (2) (3) (24) (11) 54,165 53,761 53,151 52,209 51,848 51,354 50,044 48,713 47,519 53,761 51,354 (7,166) (6,684) (6,034) (4,324) (5,333) (3,986) (3,979) (2,785) (2,125) (5,333) (2,125) Other comprehensive income, net of income tax 526 (482) (650) (1,710) 1,009 (1,347) (7) (1,194) (660) (1,833) (3,208) Foreign currency translation 524 2,218 (753) (264) 1,030 (803) (166) (1,382) (1,030) 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 333 (532) (26) (495) (159) (239) (124) (277) 40 (1,212) (600) 82 (104) (122) 22 129 94 73 141 146 (75) 454 537 (1,933) (49) (2,350) (240) (680) 225 (216) (182) (4,572) (853) Other Balance at end of period (950) (6,640) (131) 300 (7,166) (6,684) 1,377 (6,034) 249 (4,324) 281 (15) 540 366 1,795 1,172 (5,333) (3,986). (3,979) (2,785) (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 (152) (152) (141) 227 222 169 348 356 360 222 360 2 1 9 1 1 2 6 1 1 1 (2) (1) (4) (13) (2) (6) (9) 48 10 7 (8) (18) (25) (12) (366) 12 54 (174) (366) (120) (145) (152) (152) (141) 227 222 169 348 356 (152) 222 66,112 65,150 65,043 64,833 66,172 64,750 64,720 63,459 63,387 65,150 64,750 Composition of Accumulated Other Comprehensive Income (Loss) Foreign currency translation (1,954) (2,478) (4,696) (3,943) (3,679) (4,709) (3,906) (3,740) (2,358) Debt instruments at fair value through other comprehensive income Equity instruments at fair value through other comprehensive income Cash flow hedges (1,149) (1,482) (950) (924) (429) (270) (31) 93 370 298 216 320 442 420 291 197 124 (17) Other (4,249) 414 Total (6,640) (4,786) 1,364 (7,166) (2,853) 1,495 (6,684) (2,804) (454) (214) 466 241 457 1,195 (182) (431) (712) (697) (1,237) (6,034) (4,324) (5,333) (3,986) (3,979) (2,785) Scotiabank Supplementary Financial Information (SFI) 16#23Back to Table of Contents Consolidated Statement of Changes in Equity (Continued) ($ millions) 2023 2022 2021 Full Year Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 Preferred Shares and other Equity Instruments Balance at beginning of period 8,075 7,052 5,552 5,552 6,052 5,299 4,549 5,308 5,308 6,052 5,308 Issued 1,023 1,500 753 1,250 2,523 2,003 Repurchased/redeemed (500) (500) (759) (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 101 106 36 74 44 78 35 77 43 260 233 (101) (106) (36) (74) (44) (78) (35) (77) (43) (260) (233) 8,075 8,075 7,052 5,552 5,552 6,052 5,299 4,549 5,308 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 1,524 1,490 1,582 2,222 2,090 2,142 2,414 2,442 2,376 2,090 2,376 40 38 54 78 88 70 81 90 90 258 331 23 22 (86) (22) 61 (97) (52) (50) (7) (25) (206) (23) (26) (13) (59) (17) (25) (13) (68) (17) (115) (123) (47) (637) (288) (684) (288) 1,564 1,524 1,490 1,582 2,222 2,090 2,142 2,414 2,442 1,524 2,090 75,751 74,749 73,585 71,967 73,946 72,892 72,161 70,422 71,137 74,749 72,892 Scotiabank 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 January 31, 2023 October 31, 2022 July 31, 2022 April 30, 2022 January 31, 2022 Balance % of Total Balance % of Total Balance % of Total Balance % of Total Balance % of Total 353.5 45.2% 349.3 45.4% 343.9 46.5% 337.7 47.3% 331.0 47.7% 101.1 12.9% 99.4 12.9% 96.6 13.1% 94.5 13.2% 92.6 13.4% 15.5 2.0% 14.5 1.9% 13.9 1.9% 13.6 1.9% 13.1 1.9% 470.1 60.1% 463.2 60.2% 454.4 61.5% 445.8 62.4% 436.7 63.0% Financial services Non-bank 34.6 4.4% 35.2 4.6% 32.8 4.4% 31.1 4.4% 30.3 4.3% Bank(1) 2.9 0.4% 4.2 0.5% 3.8 0.5% 3.5 0.5% 3.6 0.5% Wholesale and retail 34.6 4.4% 34.3 4.5% 32.3 4.4% 30.7 4.3% 28.9 4.1% Real estate and construction 63.3 8.1% 60.9 7.9% 56.2 7.6% 52.6 7.4% 49.0 7.1% Energy 9.0 1.2% 9.2 1.2% 9.0 1.2% 8.8 1.2% 9.6 1.4% Transportation 9.9 1.3% 9.3 1.2% 8.7 1.2% 8.8 1.2% 9.2 1.3% Automotive 15.9 2.0% 14.6 1.9% 13.2 1.8% 12.2 1.7% 11.1 1.6% Agriculture 18.6 2.4% 19.8 2.6% 18.9 2.6% 17.4 2.4% 17.0 2.4% Hospitality and leisure 4.0 0.5% 4.0 0.5% 3.9 0.5% 4.0 0.6% 4.0 0.6% Mining 6.2 0.8% 6.2 0.8% 5.8 0.8% 5.4 0.8% 4.9 0.7% Metals 2.6 0.3% 2.8 0.4% 2.8 0.4% 2.7 0.4% 2.6 0.4% Utilities 29.4 3.8% 27.1 3.5% 24.5 3.3% 22.3 3.1% 19.8 2.9% Health care 8.0 1.0% 7.2 0.9% 7.2 1.0% 6.8 0.9% 6.7 1.0% Technology and media 26.2 3.3% 25.3 3.3% 19.6 2.7% 19.7 2.8% 19.9 2.9% Chemicals 2.4 0.3% 2.4 0.3% 2.4 0.3% 1.8 0.3% 1.9 0.3% Food and beverage 12.3 1.6% 11.8 1.5% 11.8 1.6% 11.4 1.6% 11.1 1.6% Forest products 2.5 0.3% 2.5 0.3% 2.3 0.3% 2.2 0.3% 2.1 0.3% Other(2) Sovereign (3) Business and Government 23.0 2.9% 23.6 3.1% 23.1 3.1% 20.8 2.9% 19.7 2.8% 7.0 0.9% 6.2 0.8% 5.7 0.8% 6.0 0.8% 5.6 0.8% 312.4 39.9% 306.6 39.8% 284.0 38.5% 268.2 37.6% 257.0 37.0% Loans and acceptances Allowance for credit losses on loans and acceptances Loans and Acceptances Net of Allowance for Credit Losses (1) Deposit taking institutions and securities firms. 782.5 100% 769.8 100% 738.4 100% 714.0 100% 693.7 100% (5.5) (5.3) (5.2) (5.3) (5.5) 777.0 764.5 733.2 708.7 688.2 (2) Other includes $7.1 billion in wealth management, $3.1 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 Canadian Banking Retail Caribbean & Central America Mexico Peru Chile Colombia Other (1) Commercial Caribbean & Central America Mexico Peru Chile Colombia Other(2) International Banking Global Wealth Management Canada U.S.A. Europe Asia Global Banking and Markets Total gross impaired loans Net Impaired Loans Retail Commercial Canadian Banking 2023 2022 2021 , Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 704 603 554 561 616 614 624 714 755 375 314 217 263 288 327 297 326 312 1,079 917 771 824 904 941 921 1,040 1,067 1,793 1,623 1,488 1,462 1,504 1,537 1,741 1,945 2,088 353 361 345 342 368 386 419 421 490 497 464 411 399 387 380 410 419 387 272 270 256 251 274 283 373 467 580 478 349 295 282 281 266 295 330 346 127 118 128 133 147 171 188 251 221 66 61 53 55 47 51 56 57 64 2,073 2,072 1,836 1,778 1,764 1,733 1,810 1,812 1,861 340 357 349 358 361 358 367 374 389 537 556 406 396 388 378 361 297 287 448 491 468 419. 436 411 411 399 393 475 391 311 261 259 246 316 379 369 179 183 208 244 226 247 260 270 320 94 94 94 100 94 93 95 93 103 3,866 3,695 3,324 3,240 3,268 3,270 3,551 3,757 3,949 18 18 27 32 32 26 28 33 39 122 128 103 126 130 134 151 156 74 16 24 17 49 57 18 20 19 23 30 30 31 39 49 1 8 8 19 55 31 36 42 44 141 156 130 168 231 219 235 286 224 5,104 4,786 4,252 4,264 4,435 4,456 4,735 5,116 5,279 430 337 285 288 336 314 279 339 413 237 165 70 133 151 191 180 199 172 667 502 355 421 487 505 459 538 585 Retail 1,079 937 829 780 818 840 970 1,093 1,179 Caribbean & Central America 213 206 199 190 215 228 241 238 278 Mexico 323 302 264 248 239 238 246 246 255 Peru 83 80 69 58 76 78 159 228 253 Chile 369 261 210 190 190 179 195 221 249 Colombia 79 76 79 84 93 111 124 155 138 Other(¹) 12 12 8 10 5 6 5 5 6 Commercial 1,571 1,573 1,373 1,288 1,279 1,259 1,331 1,282 1,320 Caribbean & Central America 313 327 313 323 324 316 326 329 344 Mexico 416 424 298 258 255 251 232 161 159 Peru 286 329 312 262 287 269 269 260 245 Chile 341 277 209 164 156 153 221 245 238 Colombia 155 158 182 215 202 219 226 231 273 Other(2) International Banking Global Wealth Management Canada U.S.A. Europe Asia Global Banking and Markets Total Net Impaired Loans (1) Includes Uruguay. (2) Includes Brazil and Uruguay. 60 58 59 66 55 51 57 56 61 2,650 2,510 2,202 2,068 2,097 2,099 2,301 2,375 2,499 13 102 11 18 23 23 17 20 22 28 107 100 121 125 127 146 148 67 - 16 20 16 47 54 177 17 19 18 21 28 29 30 35 38 1 2 2 6 36 4 4 13 14 120 128 120 148 205 180 196 243 173 3,450 3,151 2,695 2,660 2,812 2,801 2,976 3,178 3,285 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 2023 Q1 Q4 4,786 4,252 New classifications Declassifications Payments 524 432 (135) (124) (89) (83) Sales Net classifications 300 225 Canadian Commercial New classifications Declassifications Payments 95 126 (3) (11) (11) Sales Net classifications 84 112 International Retail New classifications 858 766 Declassifications (258) (235) Payments (131) (133) Sales Net classifications 469 398 International Commercial New classifications Declassifications Payments 99 272 (4) (47) (77) 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 International retail International commercial Global Wealth Management Global Banking and Markets Total Forex (¹)/ Other Canadian retail Canadian commercial International retail International commercial 48 195 2022 བཅུ་ སྐོ་རྩེ་༄་སྐུ་ཚོ་ཐུ་E་ལྷ་ཟླ་་རྗ 4,264 Q2 4,435 4,456 456 2021 Q4 Q3 4,735 5,116 Full Year Q2 Q1 2022 2021 5,279 5,053 4,456 5,053 (220) ཤྲཱ་བྱེ་སྦེ་ཚུ,』སྤྱི 。, བྱི, ༦ 8, སྐྱེཌཱུ8 660 ཅ. 8,ཥུ་ལྦུ, སྐྱེ སྟྲཱེདྱེ་ ཆ་ཞུ་ཞྱེདྨེ༔ 350 328 415 457 1,555 1,550 (113) (101) (113) (121) (95) (472) (430) (105) (109) (125) (121) (103) (415) (458) 140 90 173 259 668 662 69 41 69 35 232 214 (11) (3) (11) (25) (18) (7) (32) (169) (82) - 44 12 62 3 60 121 721 1,063 1,351 1,162 2,719 4,297 (196) (217) (240) (246) (263) (854) (966) (183) (173) (179) (182) (83) (570) (617) (21) (21) 331 623 923 816 1,295 2,693 97 159 109 78 695 443 (3) (9) (5) (12) (81) (48) (25) (33) (227) (187) 13 111 75 45 463 244 55 1 - (5) (10) (9) < ' སེ ' འྱི 1 (1) 26 898 ' 'ཀྱི་ཀྱེ༔ ༆『ངྐུE་ཙྩུ (3) (3) (28) (7) (3) 23 (35) (60) 944 643 359 5.EU 8 (4) 8 (4) (3) (1) (2) (5) (5) ཙཱ་་་བ 15 7 (4) (12) (3) (1) 4 (15) (13) (33) 480 སྐ'ཥྱོ༔ 34 1 105 29 61 135 (32) (7) (15) (39) (8) (11) (9) (16) (67) (52) (103) (13) (4) (6) (53) (10) 13 (11) (44) 82 (44) (59) (17) 517 787 1,310 1,093 2,426 3,707 (199) (177) (183) (160) (160) (150) (180) (214) (211) (680) (755) (21) (16) (27) (21) (14) (13) (41) (48) (29) (78) (131) (371) (335) (287) (317) (359) (485) (812) (942) (492) (1,298) (2,731) (77) (44) (75) (48) (51) (52) (101) (44) (33) (218) (230) (1) (3) (3) (1) (1) (7) (2) (8) (5) (2) (4) (6) (5) (9) (13) (25) (17) (52) (676) (578) (577) (550) (593) (706) (1,144) (1,261) (790) (2,298) (3,901) (2) 72 30 85 Global Wealth Management Global Banking and Markets Total Balance at End of Period - --- 1 1 1 1 4 72 (36) 8 (41) 8 1 (1) (1) (4) 8 (1) 1 96 168 (78) 20 '༤ཝཐཱ ཨ8 (1) (1) 45 (50) 42 (38) 1 (1) 5 92 (90) 5,104 4,786 4,252 4,264 4,435 4,456 4,735 ' '@སྦྱངསཙྩེཡྻ (4) 5 (5) (15) (124) (35) 89 (224) (12) (80) (28) 94 (158) 1 (1) (1) (2) 2 (7) (9) 13 (14) (24) (212) (77) 202 (403) 5,116 5,279 4,786 4,456 (1) Includes divestiture impact for GILs in Forex/Other in International Banking. Scotiabank Supplementary Financial Information (SFI) 20#27Back to Table of Contents Allowance for Credit Losses & Other Reserves 2023 2022 2021 Full Year ($ millions) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 Impaired Loans - Stage 3 Balance beginning of period 1,635 1,557 1,604 1,623 1,655 1,759 1,938 1,994 1,957 1,655 1,957 Provision for credit losses(1) 562 494 389 406 405 511 841 1,192 762 1,694 3,306 Write-offs (676) (578) (577) (550) (593) (706) (1,144) (1,261) (790) (2,298) (3,901) Recoveries 113 116 192 128 136 146 161 120 116 572 543 Foreign currency adjustment and other 20 46 (51) (3) 20 (55) (37) (107) (51) 12 (250) Balance end of period 1,654 1,635 1,557 1,604 1,623 1,655 1,759 1,938 1,994 1,635 1,655 Performing Loans - Stage 1 and 2 Balance beginning of period 3,713 3,590 3,690 3,869 3,971 4,320 4,778 5,596 5,682 3,971 5,682 Provision for credit losses (1) Balance end of period 76 35 23 (187) (183) (343) (461) (696) 2 (312) (1,498) Foreign currency adjustment and other 70 88 (123) 8 81 (6) 3 (122) (88) 54 (213) 3,859 3,713 3,590 3,690 3,869 3,971 4,320 4,778 5,596 3,713 3,971 Allowance for credit losses on loans 5,513 5,348 5,147 5,294 5,492 5,626 6,079 6,716 7,590 5,348 5,626 Allowance for credit losses on off-balance sheet exposures 100 108 109 49 55 65 87 100 Allowance for Credit Losses on acceptances and other financial assets (2) 55 43 39 32 36 40 66 77 137 83 108 65 43 Total allowance for credit losses 5,668 5,499 5,295 5,375 5,583 5,731 6,232 6,893 7,810 5,499 40 5,731 Allowance for Credit Losses by Business Segment Canadian Banking Retail Commercial International Banking Retail 1,916 1,888 1,880 1,918 2,075 2,255 2,476 2,580 2,655 1,547 1,528 1,532 1,595 1,723 1,863 2,009 2,056 2,064 369 360 348 323 352 392 467 524 591 3,528 3,392 3,209 3,268 3,271 3,219 3,446 3,965 4,736 2,681 2,575 2,459 2,505 2,514 2,477 2,672 3,123 3,853 Caribbean & Central America 512 547 511 506 507 524 557 592 680 Mexico 595 576 523 507 494 474 526 569 603 Peru 640 631 596 589 574 538 584 725 1,174 Chile 579 490 474 522 563 541 571 600 592 Colombia 264 247 277 298 299 319 346 547 702 Other (3) 91 84. 78 83 77 81 88 90 102 Commercial 847 817 750 763 757 742 774 842 883 Caribbean & Central America 84 83 81 74 71 74 84 90 94 Mexico 206 221 190 218 209 208 202 213 204 Peru 233 221 210 209 201 190 194 192 205 Chile 205 176 156 149 157 146 160 205 209 Colombia 53 53 54 57 52 58 74 84 103 Other (4) 66 63 59 56 67 66 60 58 68 Global Wealth Management 25 24 23 20 20 23 22 23 24 Global Banking and Markets 193 191 178 169 217 234 288 325 395 Other 6 4 5 ❁ 3 ཥྞ ིི ིི3Ëརྒྱུ རྞ ྂ ཆེ❁སླ སྲོ ཎྜཞཊཿ ཆ 7 2,255 1,863 392 3,219 2,477 524 474 538 541 319 81 742 74 208 190 146 58 66 23 234 Total allowance for credit losses by business segment 5,668 5,499 5,295 5,375 5,583 5,731 6,232 6,893 7,810 5,499 5,731 Allowance for Credit Losses on Loans by Type of Borrower Impaired Loans - Stage 3 1,654 1,635 1,557 1,604 1,623 1,655 1,759 1,938 1,994 1,635 1,655 Residential mortgages 428 406 375 393 395 374 403 410 406 406 374 Personal loans 563 551 559 566 574 626 715 821 849 551 626 Credit cards Business and government - - 663 678 623 645 654 655 641 707 739 678 655 Performing Loans - Stage 1 and 2 3,859 3,713 3,590 3,690 3,869 3,971 4,320 4,778 5,596 3,713 3,971 Residential mortgages Personal loans Credit cards Business and government 510 493 468 441 440 428 435 431 458 493 428 1,641 1,586 1,554 1,605 1,675 1,715 1,835 1,985 2,301 1,586 1,715 1,100 1,083 1,049 1,107 1,165 1,211 1,306 1,545 1,915 1,083 1,211 608 551 519 537 589 617 744 817 922 551 617 Allowance for Credit Losses on Loans 5,513 5,348 5,147 5,294 5,492 5,626 6,079 6,716 7,590 5,348 5,626 (1) Includes provision for credit losses on all financial assets. (2) Other financial assets include debt securities, deposits with financial institutions, accrued interest and reverse repos. (3) Includes Uruguay. (4) Includes Brazil and Uruguay. Scotiabank Supplementary Financial Information (SFI) 21#28Back to Table of Contents Impaired Loans by Type of Borrower January 31, 2023 October 31, 2022 Allowance for Credit Losses Allowance for Credit July 31, 2022 Allowance April 30, 2022 Allowance January 31, 2022 Allowance for Credit for Credit for Credit 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 1,539 428 1,111 1,386 406 980 1,281 375 906 1,273 393 880 1,320 395 925 Personal loans 968 563 405 848 551 297 778 559 219 767 566 201 820 574 246 Credit cards (1) Personal 2,507 991 1,516 2,234 957 1,277 2,059 934 1,125 2,040 959 1,081 2,140 969 1,171 Financial services 1 382 192 60 92 188 24 67 82 81 FNO2053% 22 F F 26 m 11 38 51 7 1 1 190 452 208 72 336 344 71 15 45 98 16 40 52 86 29 9 11 33 19 76 112 181 15 69 85 21 21 18 49 70 12 88 114 26 28 54 23 46 11 71 5 25 56 83 14 61 82 66 90 188 7 229 230 623 1,570 2,224 645 2220100322251 72 18 14 26 16 28 79 ༄ ་་ ཨྰཿ གླ ⊕ a ༄ ༄ ༤ ༅ ལྷ ཤྩ ཀྵུ སྐ © ཧྨ ༄ ཀྵུ 44 34 5 29 1 1 1 468 212 256 273 343 67 276 84 20 64 57 77 22 55 14 38 20 18 201 70 131 89 9 80 19 22 2 20 52 86 27 59 100 165 5 160 55 27 28 56 21 35 2 6 3 3 55 89 35 54 62 86 24 62 109 166 80 86 225 229 5 224 1,579 2,295 654 1,641 Non-bank 126 17 109 142 22 22 120 49 49 Bank 1 1 1 1 Wholesale and retail 487 215 272 484 215 269 Real estate and construction 581 107 474 491 98 393 408 Energy 54 9 45 59 12 47 Transportation 90 36 54 89 38 51 Automotive 19 8 11 18 9 9 Agriculture 235 72 163 196 72 124 Hospitality and leisure 88 16 72 87 15 72 Mining 36 5 31 39 9 30 Metals 67 17 50 70 17 53 Utilities 72 7 65 93 9 84 Health care 53 21 32 53 26 27 Technology and media 38 11 27 37 13 24 Chemicals 79 12 67 88 12 76 Food and beverage 98 29 69 97 30 67 Forest products 80 12 68 79 13 66 Other 161 66 95 182 63 119 Sovereign Business & Government 232 3 229 247 5 242 ྨ སྟྲ ཋ ¢ e ཚ༷ ྂ ° ཅ ཤྩ ཞ ཞ ཚ ཆ ཇ 8 སྐྲ 100 54 34 236 2,597 663 1,934 2,552 678 1,874 2,193 Impaired Loans, Net of Related 5,104 1,654 3,450 Allowances 4,786 1,635 3,151 4,252 1,557 2,695 4,264 1,604 2,660 4,435 1,623 2,812 (1) The Bank writes off credit 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 Canadian Banking Retail Commercial 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 (1) Total PCL Provision for Credit Losses as a % of Net Loans and Acceptances (bps) (2) Retail Commercial Canadian Banking Retail Commercial 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) (2) Retail Commercial Canadian Banking Retail Commercial International Banking Global Wealth Management Global Banking and Markets Other Net write-offs as a % of Net Loans and Acceptances Q1/23 Q4/22 Q3/22 Stage Stage Total Stage Stage Total Stage Q2/22 Q1/22 Stage Total Stage Stage Total Stage Stage Total 1&2 3 PCL 1&2 3 PCL 1 & 2 3 PCL 1&2 3 PCL 1&2 3 PCL 10 22233 175 185 - 137 137 (58) 143 21 12 33 10 16 26 8 31 187 218 10 153 163 (50) 143 9 306 315 19 257 276 42 18 69 87 16 63 79 18 27 375 402 35 320 355 60 262 (2) 1 2 (1) 1 3 13 2 15 (11) 22 11 (1) (1) 74 562 636 35 494 529 ལྕ་ལྕཅཱསྨྲ་ལྕེ་ $ 85 (120) 8 93 201 243 61 79 322 2 5 2 (18) (16) 15 389 404 (188) 406 8ཀླུཤྩ8=ཀྱི་ལྕེ་སྐྱེ (23) ន ១៨៩៩៥៨៩ (2) (119) 106 (10) (41) (13) 19 (22) (12) (160) 125 (35) 218 (8) 232 224 57 (4) 54 50 278 275 (12) 286 274 1 (3) 2 (1) (46) (8) (8) (16) 218 (183) 405 222 - 2 2 - 131 3 1 1 26 76 1025875414 562 - - - - 4 + 83 1 - - 4 2 8 1 1 638 35 494 529 23 389 412 (187) 406 219 (183) 405 222 20 16 4 19 1 167 172 11 150 161 37 7 96 8 (4) 1 4 (2) 4 (3) ៥ · · ន៩៩១ ៨ ១៨ 29 - 33 2 ཕྲཨྰཿརྞ བྲཱགླཆསྱེ॰ ' ཤྩ ៩, យ ស ែម ១ ថ ដ ថ 28 18 9 16 165 154 29 88 (1) 2 29 ཙུ@་སེ' ་ (7) 16 9 (14) 14 4 1 5 (13) (4) 13 9 (14) 13 26 121 147 139 8 28 36 16 68 84 6 2 8 1 (6) (5) (15) 1 21 22 (11) 24 ATTEN 7 137 29 29 77 77 1 13 WIL (1) (16) (3) (3) ཙུགསེཙུཧེ ' E (14) 12 (2) (6) (24) 11 (13) (1) (15) 12 (3) (5) 150 145 (2) 27 25 (4) 81 77 (6) 5 (1) (6) (11) 24 13 - ' ' 17 15 15 (8) 10 7 12 14 14 131 146 171 31 74 76 (1) 6 (11) INN 21 23 88 5 1 * 36 งงดี CON 21 (1) Other financial assets include debt securities, deposits with financial institutions, accrued interest and reverse repos. (2) Refer to page 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto. 25 27 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 2023 2022 Q1 Q4 Q3 Q2 Q1 10 2021 Full Year 69 Q4 Q3 Q2 Q1 2022 2021 30 23 (2) 3 25 7 20 41 49 49 117 249 200 192 196 178 222 324 496 387 766 1,429 200 170 155 139 137 183 406 551 221 601 1,361 479 393 345 338 340 412 750 1,088 657 1,416 2,907 Bank Wholesale and retail 15 24 Real estate and construction 12 Energy (2) Transportation 5 Automotive - (1) Agriculture Hospitality and leisure Mining Metals Utilities Health care Technology and media Chemicals Food and beverage Forest products Other Sovereign 21 15 15 3 8 - 1 2 1 10 (2) 11 1 (1) 83 101 562 494 ཀྵུ གླུ སྐྱེ ཥ S ཥ ཕ ས རྞ སས༠༠ ༤ ༡ སུརྞ སྒྱུ་ྣ 20-02=~~~3- N 3183 - 4 (29) 28 (30) 12 (2) 17 5 8133 212518154 1 1 20 2 9 23 11 17 (2) (1) 1 23 12 7 2 1 3365-2 2825-2- 28 22 126 13 13 84 51 9 (29) 15 16 23 25 (1) (3) 1 4 11 37 24 2 13 7 - - 12 1 1 (6) 7 23 3 1 12 8 3 1 1 2 2 1 2 4 2 1 6 1 13 - 2 8 - 1 - 7 2 1 1 3 10 16 (2) 5 3 9 477 11 1116 12327 (6) 31 34 6 7 10 15 17 10 1 7 7 13 19 14 28 13 8 35 1 2 1 1 4 1 44 68 65 99 389 406 405 511 841 ཚ╗ 91 104 105 278 399 1,192 762 1,694 3,306 Business & Government Total PCL on Impaired Loans (Stage 3) PCL on Performing Loans (Stage 1 and 2) (¹) Personal 19 Business & Government Total PCL on Performing Loans (Stage 1 and 2) (¹) མགd 21 (16) (122) (130) (177) (360) (575) 57 14 39 (65) (53) (166) (101) (121) 76 35 23 (187) (183) (343) (461) (696) 162 (4) (247) (1,116) (65) (382) (312) (1,498) Total PCL 638 529 412 219 222 168 380 496 764 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 Deposits Government Other Securities Investment in Other Subsidiaries January 31, 2023 Total October 31, 2022 Total January 31, 2022 Total & Affiliates Asia China 1,013 171 303 1,042 81 2,610 3,298 3,814 India 897 8 905 891 1,449 Singapore 4,412 6 78 7 4,503 4,273 3,688 Hong Kong 1,405 55 20 40 24 1,544 1,611 1,953 Japan 208 271 8 3,775 3 4,265 4,991 4,254 Other(2) 448 8 57 144 39 696 709 644 Total 8,383 519 466 4,857 225 73 14,523 15,773 15,802 Latin America Chile 3,175 1,186 3,498 223 7,336 7 15,425 14,825 13,859 Mexico 6,469 460 644 6,212 10 13,795 13,423 10,957 Brazil 12,792 1,371 813 - 14,976 15,655 11,568 Peru 4,022 35 114 5,117 14 9,302 9,102 8,020 Colombia 2,966 452 193 932 3 4,546 4,125 3,852 Others(3) 165 4 528 697 608 588 Total 29,589 3,508 3,498 1,174 20,938 34 58,741 57,738 48,844 Caribbean & Central America Panama Costa Rica Dominican Republic Others(4) Total 4,727 133 39 167 200 821 75 1,235 1,378 80 1 854 17 267 5,268 5,625 4,754 2,137 2,239 2,037 2,330 2,270 2,012 811 7,737 80 1,427 2,318 2,448 2,388 368 40 167 3,716 25 12,053 12,582 11,191 (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, Jamaica, Trinidad & Tobago, and Turks & Caicos. Scotiabank Supplementary Financial Information (SFI) 25#32Back to Table of Contents Financial Investments - Unrealized Gains (Losses) ($ millions) 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 2023 Q1 2022 60 Q4 Q3 Q2 Q1 2021 60 Q4 Q3 22 Q2 Q1 (2,034) (2,823) (1,066) (1,244) 657 (51) 219 462 453 792 (852) (1,108) (854) (880) (517) (455) (153) (62) 223 (367) (502) (282) (322) (86) (42) 73 62 225 366 265 382 588 597 441 381 355 244 Equity securities at fair value through OCI Total investment securities measured at fair value through Other Comprehensive Income (OCI) - unrealized gains (losses) (2,887) (4,168) (1,821) (1,858) (57) 163 763 808 1,484 Net fair value of derivative instruments and other hedge amounts 1,595 2,333 796 1,118 (34) (206) (515) (440) (859) Net unrealized gains (losses) (1,291) (1,835) (1,025) (740) (91) fi (43) 248 368 625 Scotiabank Supplementary Financial Information (SFI) 26#33Back to Table of Contents Regulatory Capital Highlights ($ millions) Common Equity Tier 1 capital (¹) Tier 1 capital (¹) Total capital (1) Total loss absorbing capacity (TLAC) (²) Risk-weighted assets (¹) Capital risk-weighted assets 2023 2022 2021 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 54,138 53,081 51,639 51,547 52,150 51,010 50,465 49,697 49,542 62,317 61,262 58,801 57,201 57,911 57,915 56,630 55,152 55,293 71,867 131,433 70,710 126,565 68,086 66,628 65,527 66,101 65,101 63,686 63,724 128,800 133,841 122,613 115,681 104,759 97,870 94,967 471,528 462,448 452,800 445,273 433,682 416,105 414,169 404,727 406,780 Capital ratios (%) Common Equity Tier 1 (as a percentage of risk-weighted assets) (1) 11.5 11.5 11.4 11.6 12.0 12.3 12.2 12.3 12.2 Tier 1 (as a percentage of risk-weighted assets) (1) 13.2 13.2 13.0 12.8 13.4 13.9 13.7 13.6 13.6 Total capital (as a percentage of risk-weighted assets) (¹) 15.2 15.3 15.0 15.0 15.1 15.9 15.7 15.7 15.7 Total loss absorbing capacity (as a percentage of risk-weighted assets) (2) 27.9 27.4 28.4 30.1 28.3 27.8 25.3 24.2 23.3 Leverage Leverage exposures (3) Leverage ratio (%) (3) TLAC Leverage ratio (%) (2) 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 1,468,559 1,445,619 1,388,823 1,360,184 1,308,247 1,201,766 1,191,993 1,180,223 1,179,755 4.2 4.2 4.2 4.2 4.4 4.8 4.8 4.7 4.7 8.9 8.8 9.3 9.8 9.4 9.6 8.8 8.3 8.0 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 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 21.5 21.5 21.5 21.5 21.5 N/A N/A N/A N/A 6.75 6.75 6.75 6.75 6.75 N/A N/A N/A N/A Capital instruments subject to phase-out arrangements Current cap on additional Tier 1 (AT1) instruments subject to phase-out arrangements (%) 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) N/A ་ 10 10 10 10 N/A 750 750 750 750 97 N/A N/A 179 197 250 250 TUG 97 97 505 10 10 10 10 (1) This measure has been disclosed in this document in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018). (2) This measure has been disclosed in this document in accordance with OSFI Guideline - Total Loss Absorbing Capacity (September 2018). (3) This measure has been disclosed in this document 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: Business Segment Performance: Global Banking and Markets (Reported Including LATAM) 2023 2022 ($ millions) Q1 Q4 ठ Q3 Q2 11 Q1 Global Banking and Markets Revenue by Business 2021 Full Year 40 Q4 Q3 33 Q2 Q1 2022 2021 Business banking Capital markets 802 850 729 708 668 622 649 620 627 2,955 2,518 701 504 423 554 736 555 604 637 709 2,217 2,505 Reported Total Revenue (TEB) 1,503 1,354 1,152 1,262 1,404 1,177 1,253 1,257 1,336 5,172 5,023 Reported net income 519 484 378 488 561 502 513 517 543 1,911 2,075 Reported net income attributable to non-controlling interests Reported net income attributable to equity holders of the bank 519 484 378 488 561 502 513 517 543 1,911 2,075 Average Balances ($ billions) Total assets 480.5 460.9 443.0 431.3 444.2 408.5 400.9 399.0 395.2 445.0 400.9 Total liabilities 454.7 430.0 419.2 400.1 406.7 382.1 373.4 398.1 387.1 414.1 385.1 Global Banking and Markets - LATAM (¹) Revenue by Business: Business banking Capital markets Total revenue (TEB) Net income 355 323 263 257 248 210 206 215 217 1,091 848 244 175 148 152 195 134 169 147 187 670 637 599 498 411 409 443 344 375 362 404 1,761 1,485 317 245 201 197 218 192 199 189 194 861 774 Net income attributable to non-controlling interests 16 13 9 12 18 12 17 20 20 52 69 Net income attributable to equity holders of the bank Average Balances ($ billions) 301 232 192 185 200 180 182 169 174 809 705 Total assets 68.6 64.8 62.6 57.8 55.1 52.7 48.8 50.3 52.6 60.1 51.1 Total liabilities 53.5 49.6 45.9 44.4 41.4 38.6 40.3 39.9 38.7 45.3 39.4 Global Banking and Markets - Including LATAM Revenue by Business: Business banking Capital markets Total revenue (TEB) 1,157 1,173 992 965 916 832 855 835 844 4,046 3,366 945 679 571 706 931 689 773 784 896 2,887 3,142 2,102 1,852 1,563 1,671 1,847 1,521 1,628 1,619 1,740 6,933 6,508 Reported net income 836 729 579 685 779 694 712 706 737 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) 16 13 9 12 18 12 17 20 20 52 69 820 716 570 673 761 682 695 686 717 2,720 2,780 Total assets Total liabilities 549.1 508.2 525.7 479.6 505.6 465.1 489.1 444.5 499.3 461.2 449.7 449.3 447.8 505.1 452.0 448.1 420.7 413.7 438.0 425.8 459.4 424.5 (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 ($ millions) Latin America (2) 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 2023 Q1 Q4 2022 33 62 Q2 Q1 2021 Full Year 60 Q4 Q3 Q2 Q1 2022 2021 2,073 1,982 1,891 1,875 1,923 1,833 1,856 1,785 1,899 7,804 7,507 368 322 281 240 246 281 306 329 451 1,090 1,367 1,091 1,058 1,010 982 1,011 988 990 973 1,022 4,058 3,973 614 602 600 653 666 564 560 483 426 2,656 2,167 110 59 72 115 159 81 117 127 100 442 460 504 543 528 538 507 483 443 356 326 2,214 1,707 7 7 6 7 6 7 6 7 8 26 28 511 550 534 545 513 490 449 363 334 2,240 1,735 Net income attributable to non-controlling interests (NCI) 12 13 29 53 Net income attributable to equity holders of the Bank (NIAEH) Impact of FX Translation 492 530 499 485 441 (13) (1) 5 NIAEH―including impact of FX Translation 492 517 498 490 440 Adjusted (3) Net income attributable to non-controlling interests (NCI) Net income attributable to equity holders of the bank (NIAEH) Impact of FX translation 8 ་ྒུ 8 སྒྲ॰; 66 61 55 59 62 159 238 422 388 297 264 2,055 1,469 (1) 15 19 28 36 (110) 437 407 325 300 1,945 1,469 NIAEH - including impact of FX translation 12 13 28 53 62 54 59 62 159 238 499 537 506 492 448 428 395 304 272 2,081 1,497 (14) (2) 5 (1) 16 19 29 37 (110) 3 499 523 504 497 447 444 414 333 309 1,971 1,500 Profitability Measurements (4) Net interest margin (3) 3.71 3.79 3.71 3.77 3.68 3.60 3.59 3.83 3.92 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) 1.01 0.91 0.83 0.76 0.77 0.89 1.01 1.17 1.56 0.82 1.16 0.92 0.84 0.70 0.77 0.73 1.17 2.14 2.97 1.50 0.76 1.93 Productivity ratio (%) (5) 52.6 53.3 52.6 51.6 51.8 52.8 52.1 53.1 52.6 52.3 52.6 Average Balances ($ billions) Residential mortgages Personal loans Credit cards Business and government loans & acceptances Total loans & acceptances Total Deposits 39.9 38.7 37.3 35.8 34.4 32.5 31.3 30.5 30.0 36.5 31.1 16.2 16.1 15.9 15.4 15.5 15.4 15.4 15.3 15.3 15.8 15.3 6.7 6.3 6.2 5.8 5.3 5.0 4.9 5.7 6.3 5.9 5.5 84.9 82.2 80.8 77.1 74.1 72.7 69.5 68.7 67.7 78.5 69.7 147.7 143.3 140.2 134.1 129.3. 125.6 121.1 120.2 119.3 136.7 121.6 94.4 91.6 89.8 86.9 84.0 83.1 83.8 80.8 80.9 88.1 82.2 (1) Data presented on a constant FX basis. Quarterly results reflect FX rates as of Q1/23, while full-year results reflect Current Year Average FX rates. Refer to non-GAAP measures on page 7 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (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 Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com 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 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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 ($ millions) Q1 Q4 Q3 Caribbean & Central America Total revenue (TEB) 597 551 557 Provision for credit losses 35 44 55 Non-interest expenses Net income before tax Income tax expense (TEB) Reported net income Adjusting items (after tax)(2) Adjusted net income (2) Reported 346 339 336 216 168 166 48 36 22 168 132 144 1 1 1 169 133 145 2021 Net income attributable to non-controlling interests (NCI) 26 24 25 Net income attributable to equity holders of the Bank (NIAEH) Impact of FX translation 142 108 119 1 (18) NIAEH-including impact of FX translation 142 109 101 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 27 24 25 142 109 120 1 (19) (7) 142 110 101 5.68 5.63 5.25 5.02 8 ༔ཝཎྜའིརྞསྶ་ལ་ད་ལ8S8་ སྟྲ (7) Profitability Measurements(3) Net interest margin (2) 4.88 4.79 5.02 Reported (4) Provision for credit losses (PCL) as % of average net loans and acceptances (5) 0.60 0.79 0.94 0.79 0.80 0.98 0.96 1.28 1.11 0.83 1.09 PCL on impaired loans as % of average net loans and acceptances(5) 0.67 0.62 0.61 0.78 1.31 1.24 1.71 1.90 1.54 0.83 1.60 Productivity ratio (%) 57.8 61.5 60.5 60.6 65.2 64.7 71.6 64.0 68.0 61.9 67.0 Average Balances ($ billions) Residential mortgages Personal loans Credit cards Business and government loans & acceptances Total loans & acceptances Total deposits Asia Net income before tax (6) Income tax expense (TEB) Net income Net income attributable to non-controlling interests (NCI) ཅ ིི╗ཤྰ༤སྐ ༄ N⌘€e NEཥྞཱ ༔ ༔༞ ལྐ་ྔསྶ Q1 Q4 Q3 525 502 509 44 54 54 340 320 359 141 128 96 33 32 20 108 96 76 1 109 96 77 7.9 7.8 7.6 7.6 7.4 7.4 7.5 7.6 7.7 7.6 7.5 3.3 3.2 3.2 3.2 3.2 3.2 3.3 3.4 3.5 3.2 3.3 1.5 1.5 1.4 1.4 1.4 1.4 1.5 1.6 1.7 1.4 1.5 10.2 10.1 10.1 9.9 10.1 9.9 10.1 10.3 10.2 10.1 10.1 22.9 22.6 22.3 22.1 22.1 21.9 22.4 22.9 23.1 22.3 22.4 24.6 24.4 24.2 23.9 23.4 24.4 24.5 8 སྦེཁྐྲཤྩ&ཆ་མཎྜºེ་NRS g ཨྰཿ ༤#ཥྞ གླུ Full Year Q1 2022 2021 527 532 2,174 2,070 69 63 185 239 333 358 1,340 1,371 125 111 649 460 29 29 144 110 96 83 505 351 1 1 3 3 97 84 508 354 22 18 21 22 18 94 79 86 78 55 74 65 411 272 (10) (7) (8) (7) (6) (34) (28) 76 71 47 67 59 377 244 22 17 21 22 18 94 78 87 79 56 75 66 414 276 (11) (8) (9) (7) (7) (35) (31) 76 71 47 68 59 379 245 5.31 5.21 5.09 24.3 24.4 23.9 24.4 Net income attributable to equity holders of the Bank (NIAEH) Impact of FX translation 20 17 26 24 28 20 1 NIAEH - including impact of FX translation 20 17 26 24 29 20 31 29 36 36 11 12 10 12 20 17 26 24 2882 43 37 43 42 43 144 15 17 11 14 14 28 20 32 28 29 ཙཱག་་མ རྩྡོ 8 96 49 95 95 109 1 1 110 ༄8g‛༄རྞ༄ 165 56 109 32 28 29 1 32 28 30 (1) Data presented on a constant FX basis. Quarterly results reflect FX rates as of Q1/23, while full-year results reflect Current Year Average FX rates. Refer to non-GAAP measures on page 7 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com. (2) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com 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 50 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com, 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. Scotiabank Supplementary Financial Information (SFI). 30#37Back to Table of Contents Appendix 2: International Banking by Region― Reconciliation of non-GAAP Financial Measure (Net Interest Margin) 2023 2022 2021 Full Year ($ millions) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2022 2021 Latin America (1) Average total assets Less: Non-earning assets (1) Average total earning assets 195,254 184,701 19,553 20,075 175,701 164,626 178,619 174,608 164,945 163,759 163,553 167,714 171,287 175,728 166,569 19,767 19,023 15,546 16,961 16,271 18,507 20,065 18,600 17,946 158,852 155,585 149,399 146,798 147,282 149,207 151,222 157,128 148,623 Less: Trading Assets 5,115 5,354 4,847 4,376 Securities purchased under resale agreements and securities borrowed Other deductions 2,923 2,353 2,175 145 2,894 2,380 1,884 2,118 5,287 200 2,121 5,453 6,007 6,146 5,654 4,971 5,812 1,227 2,009 (1) Average core earning assets 164,769 154,539 149,946 148,946 141,791 139,336 Net Interest Income 1,487 1,405 1,402 1,365 1,328 1,278 2,544 138,731 1,267 2,456 140,605 143,513 1,329 1,429 2,055 2,125 2,265 148,805 140,546 5,500 5,303 Less: Non-core net interest income Net interest income on core earning assets Net Interest Margin (%) (2) Caribbean and Central America Average total assets (1) Less: Non-earning assets (54) 1,541 (73) 1,478 (1) 1,403 (4) 1,369 12 1,316 3.71 3.79 3.71 3.77 3.68 15 1,263 3.60 12 1,255 3.59 14 1,315 3.83 9 (66) 50 1,420 3.92 5,566 5,253 3.74 3.74 35,124 2,662 (1) Average total earning assets 32,462 34,522 33,219 2,611 2,656 31,911 30,563 32,409 32,177 2,718 2,720 29,691 29,457 31,378 2,744 28,634 30,869 2,759 28,110 32,093 2,851 29,242 30,432 33,359 2,927 33,087 31,923 2,676 2,819 30,411 29,104 Less: Trading Assets 16 14 12 7 Securities purchased under resale agreements and securities borrowed Other deductions 109 81 70 38 3,566 3,550 3,534 3,369 [1] Average core earning assets 28,771 28,266 412 401 26,947 357 26,322 322 3,394 26,063 321 2,933 2,957 25,701 310 25,153 318 3,176 26,066 333 3,527 3,462 3,149 26,905 360 26,904 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 412 401 357 322 321 310 318 333 360 1,401 1,321 5.68 5.63 5.25 5.02 4.88 4.79 5.02 5.24 5.31 5.21 5.09 (2) Refer to Non-GAAP measures on page 4 of the Q1 2023 Quarterly Report to Shareholders, available on http://www.sedar.com for a description of the measure. Scotiabank Supplementary Financial Information (SFI) 31