Why Invest in Scotiabank?

Q2 2021 Financial Performance $MM, except EPS Q2/21 Y/Y Q/Q Reported Net Income $2,456 85% Pre-Tax, Pre-Provision Profit $3,694 3% 2% (4%) Diluted EPS $1.88 88% 1% Revenue $7,736 (3%) (4%) Expenses $4,042 (7%) (4%) Productivity Ratio 52.2% (260 bps) 10 bps Core Banking Margin 2.26% (9 bps) (1 bp) PCL Ratio¹ 33 bps (86 bps) PCL Ratio on Impaired Loans¹ 80 bps 24 bps (16 bps) 31 bps Adjusted² Net Income $2,475 81% Pre-Tax, Pre-Provision Profit $3,720 2% 2% (4%) Diluted EPS $1.90 83% 1% Revenue $7,736 (3%) (4%) Expenses $4,016 (7%) (4%) Productivity Ratio 51.9% (210 bps) 10 bps ADJUSTED NET INCOME² YEAR-OVER-YEAR ($MM) • YEAR-OVER-YEAR HIGHLIGHTS Adjusted EPS² +83% Adjusted pre-tax, pre-provision profit² +2% Adjusted revenue² -3% 。 Net interest income down 5% driven by lower margins o Non-interest income up 1% Core banking margin -9 bps (-1 bp Q/Q) o Decline primarily driven by central bank rate cuts, business mix changes and lower margin liquid assets Adjusted expenses² -7% YTD adjusted operating leverage² of +3.4% Strong ROE² of 14.9%, up 670 bps (+50 bps Q/Q) ADJUSTED NET INCOME 2,3 BY BUSINESS SEGMENT ($MM) 279 (305) +94% 1,350 (241) +165%4 21 +21% --1%->> 2,475 931 1,371 197 481 429 314 378 523 517 Q2/20 Net interest Income Non interest income PCLS Non-interest expenses Taxes Q2/21 Canadian Banking International Banking Global Wealth Management Global Banking and Markets Q2/20 Q2/21 1 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures 2 Refer to Non-GAAP Measures on slide 37 for adjusted results 3 Attributable to equity holders of the Bank 4Y/Y growth rate is on a constant dollar basis 10

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