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)
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