Scotiabank Investor Presentation

Real Estate and Construction Loans 2% Engineering & Project Management 37% Residential / Multi- Family Residential 6% Commercial Construction 7% Retail 2% Engineering & Project Management 38% Residential / Multi-Family Residential Q4/21 $44.8 billion 21% Industrial/ Commercial 5% Commercial Construction 9% Office 17% REITS Q4/22 $60.9 billion 24% Industrial/ Commercial 5% Retail 7% Office 18% REITS Growth in Real Estate and Construction loans has been broad based across subsectors Limited exposure to construction subsector Long standing relationships in top tier names, with strong balance sheets and experience managing through cycles, and with deep relationships with trades and suppliers 46

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