Investor Presentaiton
Scotiabank in Colombia¹
BUSINESS OVERVIEW 2
Operating since 2011 offering Retail, Small Business,
Commercial, GBM, Wealth and Treasury solutions
PERFORMANCE EVOLUTION ($MM) 2
364
338
308
PTPP4
NIAEH
Q3/23
75
95
59
41
3
Customers³
~2.8MM
(42)
(2)
Employees³
~5,300
2020
2021
2022
Q3/22
Q3/23
Branches³
112
WY/WY
Y/Y
Average Loans4
PTPP Growth4
$12Bn
(26%)
(7%)
(9%)
(7%)
27%
NIAEH Growth 4,5
(148%)
241%
(31%)
(75%)
(175%)
Average Deposits4
$9Bn
Loan Growth
10%
1%
13%
20%
2%
ROE4
(0.7%)
NIM4
6.32%
5.62%
4.87%
4.52%
4.26%
Digital Adoption (%)
74%
Productivity Ratio
64.0%
62.9%
66.8%
68.0%
62.7%
Digital Sales (%)
62%
Operating Leverage
(13.5%)
1.4%
(5.8%)
(2.2%)
8.4%
AVERAGE LOAN MIX AS
ECONOMIC OUTLOOK 6
AT Q3/237
MARKET SHARE AND POSITIONS
(AS OF APRIL 2023)8
2023E
2024E
GDP Growth (%)
1.8%
2.6%
Corporate /
Commercial
52%
Population Growth (%)
1.1%
1.0%
CPI (y/y % eop)
8.4%
4.2%
O
$12Bn
Residential
Mortgages
Total Loans
6th
5%
17%
Mortgage 5th
Non-mortgage 5th
6%
Commercial 6th
4%
Unsecured
31%
Total Deposits
$110
6th
5%
7%
1 All figures excluding Wealth Management; 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries; 4 See
non-GAAP reconciliations beginning on slide 83; 52021 WY/WY NIAEH Growth has been restated to align with Bank's methodology; 6 Source: Scotiabank Economics. GDP and CPI as at August 11, 2023 forecast;
Population Growth: World Economic Outlook Database, April 2023; 7 May not add due to rounding; 8 Key Competitors: Banco de Bogota, Bancolombia, Davivienda, BBVA, Occidente, Banco Corpbanca; Source:
Superfinanciera/Asobancaria
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