Scotiabank Risk Overview

International Banking International Banking is a strong and diverse franchise with over 11 million Retail, Corporate, and Commercial customers. The geographical footprint encompasses the Pacific Alliance countries of Mexico, Chile, Peru, and Colombia, as well as Central America, the Caribbean, and Uruguay. Business Mix Business Loans • 56% Asia Q1/23 1% Revenue 77% Latin Mix America 22% $2.7B Auto 1% Credit Cards Q1/23 Loan 5% Mix 10% $170.6B C&CA Personal Loans Strategic Focus Deepening relationships with the Affluent Retail segment Continue driving efficiencies and customer experience by leveraging Digital 28% Financial Results $MM Constant dollar basis 1,5 Q1/23 Q1/22 Y/Y1 Q4/22 Q/Q¹ Residential Mortgages Reported 2 Reported Net Income² ($MM) and NIM³° (%) 5,6 4.08% Net Income² Pre-Tax, Pre Provision $654 $555 18% $655 $1,265 $1,141 11% $1,164 9% Profit³ 3.87% 3.96% 3.95% 4.00% Revenue $2,701 $2,491 8% $2,562 5% Expenses $1,436 $1,350 6% $1,398 3% PCLS $404 $291 39% $366 10% Productivity Ratio4 53.2% 53.6% (40 bps) 54.5% (130 bps) 608 644 655 654 555 Net Interest Margin 5,6 4.00% 3.87% 13 bps 4.08% (8 bps) PCL Ratio4,7 96 bps 77 bps 19 bps 89 bps 7 bps PCL Ratio Impaired Loans 4,7 89 bps 81 bps 8 bps 81 bps 8 bps Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Adjusted5 Target³ 9%+ <50% Medium-Term Financial Objectives Net Income Growth²,4 Productivity Ratio4 Operating Leverage4 Positive 1Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis; 2 Net income attributed to equity shareholders, on a constant dollar basis; 3 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 81; 4 Refer to page 50 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 5 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Repo27 to Shareholders, available on http://www.sedar.com; 6 Prior period has been restated to include as a deduction non-interest bearing deposits with banks, to align with the Bank's definition; 7 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 8 3-5 year target from 2020 Investor Day Net Income² Pre-Tax, Pre Provision $661 $562 18% $662 $1,275 $1,151 11% $1,174 9% Profit Expenses Productivity Ratio $1,426 $1,340 6% $1,388 3% 52.8% 53.2% (40 bps) 54.1% (130 bps)

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