Scotiabank Investor Presentation

Scotiabank in Colombia Business Overview1 Customers² ~2.9MM Corporate/ Residential Mortgages 26.9% 17% Market Position by Loans 5,6 Employees² ~5,700 Commercial Branches² 132 Average Loans $12Bn 50% Loans $11.8Bn 19% Personal Loans Average Deposits $9Bn 16.8% 11.4% 10.7% 6.3% 5.3% 4.0% 14% Total NIAT (after NCI)3,4 $44MM Credit Cards ROE 3,4 Productivity3,4 3.3% Retail 37% 63% Loans G BBVA 1 Bancolombia Davivienda Bogotá BBVA Occidente Scotiabank Popular 66.8% Secured Unsecured Colpatria PTPP1,7 Productivity Ratio4 Operating Leverage4 -14% CAGR 522 385 2019 2020 All figures excluding Wealth Management 66.8% 64.0% 62.9% 358 330 2021 2022 55.0% 1.4% -5.3% -13.5% -5.8% 1 PTPP Current period dollars on CDE and prior periods and CAGR on a constant dollar basis 2Including subsidiaries 2019 2020 2021 2022 2019 2020 2021 2022 3FY'22 Results 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Fourth Quarter 2022 Report to Shareholders, available on http://www.sedar.com 5 Market share as of July 2022 6 Members of AVAL Group: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas 7 Pre-Tax, Pre-Provision Profit defined as revenues less expenses 34

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