Why Invest in Scotiabank?

Global Banking and Markets Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. GBM is a full service wholesale bank in the Americas, with operations in 21 countries, serving clients across Canada, the United States, Latin America, Europe and Asia-Pacific. Business Overview Financial Results Asia Canada 5% Europe Global Equities Business 49% Banking $MM 7% 54% Geographic Revenue¹ 21% Revenue By Business Line¹ Reported $1.3B $1.3B 34% US 30% FICC Q2/21 Y/Y Q/Q Net Income² $517 (1%) (5%) Pre-Tax, Pre Provision Profit $624 (26%) (14%) Revenue $1,257 (14%) (6%) Expenses $633 3% 3% Adjusted Net Income ²,³ ($MM) and ROE³ (%) 2,3 PCLs ($43) nmf nmf 17.5% 17.4% 17.3% Productivity Ratio 50.3% 810 bps 430 bps 15.4% 14.6% PCL Ratio4 (18 bps) (72 bps) (26 bps) PCL Ratio Impaired Loans4 5 bps (4 bps) (1 bp) 523 600 543 517 460 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Medium-Term Financial Objectives Net Income Growth Target5 ~5% Productivity Ratio Operating Leverage ~50% Positive 1 TEB Revenue for the 3 months ended April 30, 2021. Note GBM Latam revenue contribution is reported in International Banking results; 2 Attributable to equity holders of the Bank; 3 Adjusted for impact of additional pessimistic scenario; 4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 53-5 year target from 2020 Investor Day 37 37

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