Investor Presentaiton

Global Wealth Management 3rd Largest Wealth Management Business in Canada' Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's footprint. Global Wealth Management serves over 2 million investment fund and advisory clients across 13 countries - administering over $600 billion in assets. Business Overview Financial Results 11% Q1/22 Revenue 9% Q1/22 AUM² Mix $345Bn $1.4Bn 89% 91% 18% Q1/22 AUA² $MM, except AUM/AUA Q1/22 Y/Y Reported Q/Q $601Bn Net Income³ $412 (1%) 7% 82% International Reported Net income³ ($MM) and ROE² (%) Canada Pre-Tax, Pre Provision Profit4 Revenue Expenses $862 $560 (2%) 7% $1,422 2% 6% 6% 5% 3 PCLS ($1) nmf nmf Productivity Ratio² 60.6% 180 bps (50 bps) 17.6% 16.4% 16.5% 16.3% 17.2% AUM ($B)² $345 11% 418 412 62 -7 AUA ($B)² $601 11% 1% Adjusted5 356 372 390 385 405 Net Income³ $419 (1%) 7% Pre-Tax, Pre Provision Profit $569 (2%) 7% Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Ex. Performance Fees Performance Fees Expenses Productivity Ratio $853 6% 5% 60.0% 190 bps (50 bps) Medium-Term Financial Objectives Net Income Growth 3,5 Target6 8%+ Productivity Ratio5 Operating Leverage5 <65% Positive 1 Based on Total Net Income for publicly traded banks in Canada for the fiscal year ended October 31, 2021; 2 Refer to page 48 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 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; 3Attributable to equity holders of the bank; 4 Pre- Tax, Pre-Provision Profit defined as revenues less expenses; 5 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to Shareholders, available on http://www.sedar.com; 63-5 year target from 2020 Investor Day 35

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