Why Invest in Scotiabank?

Chilean Economy Advanced economy with wide-ranging trade links • Chile's mix of economic activities reflects its status as an advanced OECD economy Chile's diversified trading relationships are supported by 25 free-trade agreements with 60 countries that account for 74.6% of global GDP. Public support for households and businesses has powered a strong rebound in consumption GDP Growth 2022F: 3.5% GDP Growth 2021F: 7.5% Contributions to Chilean GDP Growth 10 y/y % change 5 15.3% Finance, Insurance, & Real Estate 8.9% Other 1.5% Restaurants & Hotels 8.3% Transportation & Warehousing 3.4% Natural Resources CHILEAN GDP BY INDUSTRY (Q1 2021) 19.2% Housing & Personal Services 10.1% Wholesale & Retail Trade 10.4% Manufacturing 12.5% Mining and Oil & Gas Extraction 5.7% Construction 4.8% Public Administration Top 5 Trading Partners* 0 -5 -10 Net Exports -15 Investment -20 Consumption -25 17 18 Sources: Scotiabank Economics, Haver Analytics. 19 Inventories Government Real GDP 20 20 Others 36% China 35% South Korea 3% Japan 5% Brazil United States 6% 14% 61 * Trade data updated as of Q4-2020

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