FY22 Financial Overview

Focused on Higher Return Markets 35% 30% 25% Scotiabank P&C Banking Focused On Higher ROE Markets 20% 32.8% 15% 15.7%² 10% 5% 0% Canada1 10.2%4 5 13.1% 12.8%³ Pacific Alliance Average FY21 ROE of Canadian banks in each market US Average 10-Year ROE of largest banks in each market 1 Average FY21 ROE of RY, TD, BMO, CM, and BNS 2 Average 10-year ROE of Banorte, Banbajio, Santander Mexico, Credicorp, Bancolombia, Santander Chile and Banco de Chile 3 FY21 ROE of BNS' PAC segment 4 Average 10-year ROE of JP Morgan, BofA, Citi, Wells Fargo, Truist, US Bancorp, PNC, Fifth Third, M&T and Comerica 5 Average FY21 ROE of TD, BMO and CM's US Banking segment Sources: Company Financial Reports 9

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