Investor Presentaiton

Global Wealth Management Profitable, High Growth, Strong Momentum • Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's footprint Customers 2.5 million Assets Under Administration $497 billion Employees Countries 8,000 MEDIUM-TERM FINANCIAL OBJECTIVES 14 Target4 Assets Under Management Earnings Growth 8%+ $302 billion Productivity Ratio <65% NIAT 1,2,3 % of All Bank Earnings Productivity Ratio Operating Leverage Operating Leverage Positive 13.2% 63.1% Positive Competitive Advantages Asset Management: Proprietary and 3rd Party Fund Distribution Advisory: Fully-integrated advice model, including Private Banking 1 Net income attributable to equity holders 2Figures adjusted for Acquisition and divestiture-related amounts, including Day 1 PCL on acquired performing loans, integration and amortization costs related to current acquisitions, amortization of intangibles related to current and past acquisitions and losses/(gains) on divestitures and related costs 3Excluding Other segment 43-5 year target from 2020 Investor Day 48

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