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Investor Presentaiton

Scotiabank in Chile¹ BUSINESS OVERVIEW 2 Operating since 1999, after taking an initial stake in 1990, offering Retail, Small Business, Commercial, GBM, Wealth and Treasury solutions PERFORMANCE EVOLUTION ($MM) 2 Q3/23 Customers³ ~2.8MM 1,369 1,176 PTPP4 NIAEH 1,101 921 597 348 367 301 262 150 Employees³ ~7,400 2020 Branches³ 109 2021 WY/WY 2022 Q3/22 Q3/23 Y/Y Average Loans4 PTPP Growth4 $57Bn 6% 7% 16% 15% 5% NIAEH Growth4 (20%) 98% 54% 66% (43%) Average Deposits4 $25Bn Loan Growth 9% 2% 14% 16% 6% ROE4 9.7% NIM4 2.81% 2.93% 3.20% 3.19% 3.22% Digital Adoption (%) 76% Productivity Ratio 46.6% 43.5% 40.4% 40.7% 40.9% Digital Sales (%) 88% Operating Leverage 3.0% 7.0% 7.0% 3.9% (0.7%) AVERAGE LOAN MIX AS ECONOMIC OUTLOOK 5 AT Q3/236 MARKET SHARE AND POSITIONS (AS OF JUNE 2023)7 2023E GDP Growth (%) (0.8%) 2024E 2.3% Corporate/ Commercial 44% Population Growth (%) CPI (y/y % eop) 1.0% 0.9% 3.7% 3.0% O Residential Mortgages 40% Total Loans 3rd 15% Mortgage 2nd 18% $57Bn Non-mortgage 3rd 14% Commercial 4th 12% Unsecured 17% Total Deposits 4th 11% 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; 5 Source: Scotiabank Economics. GDP and CPI as at August 11, 2023 forecast; Population Growth: World Economic Outlook Database, April 2023; 6 May not add due to rounding; 7 Key Competitors: DeChile, Santander, BCI, Itau; Source: Comisión para el Mercado Financiero (CMF) 32 22
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