Scotiabank Business Overview and Economic Outlook

Scotiabank in Mexico Business Overview Market Position by Loans4 Customers ~3.8MM Corporate/ 23.4% Commercial Employees ~10,100 58% Branches1 530 Loans $31.2B Average Loans $31B 29% Average $29B Deposits 2% 5% 6% Residential Mortgages Total NIAT2,5 $310MM Credit Cards 15.1% 13.2% 10.5% 7.8% 6.9% 3.8% 2.1% Auto Personal Loans ROE³ 9.1% Retail Loans 84% 16% BBVA B citibanamex 8 banregio BANORTE Productivity³ 55.1% Secured Unsecured BBVA Banorte Santander Banamex Scotiabank HSBC Bajio Regio PTPP Productivity Ratio Operating Leverage 924 738 2017 Constant currency 2018 +14% CAGR 58.6% 978 1,087 2019 2020 All figures in CAD$ including Wealth Management 1 Includes bank and wealth branches; does not include 177 Credito Familiar branches 2LTM Q1/21 3 Adjusted as Reported 4 Source: CNBV as of December 2020 5 Adjusted after NCI 55.4% 55.0% 54.4% 7.5% 6.9% 1.9% -0.9% 2017 2018 2019 2020 2017 2018 2019 2020 22 27

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