Scotiabank Risk Overview

Scotiabank in Chile' Business Overview² Operating since 1999, after taking an initial stake in 1990, offering Retail, Small Business, Commercial, GBM, Wealth and Treasury solutions Performance Evolution ($MM) 2,6 Q1/23 1,297 1,050 1,120 PTPP NIAT 871 570 287 Customers³ ~2.8MM 321 342 179 177 Employees³ ~7,500 2020 Branches³ 109 2021 WY/WY 2022 Q1/22 Q1/23 Y/Y Loans $54Bn PTPP Growth 6% 7% 16% 18% 6% NIAT Growth (19%) 98% 53% 56% (1%) Deposits $24Bn Loan Growth 9% 2% 14% 10% 15% ROE4 11.1% NIM4 2.81% 2.93% 3.20% 3.16% 2.96% Digital Adoption (%) 71% Productivity Ratio 46.6% 43.5% 40.4% 41.0% 40.9% Digital Sales (%) 82% Operating Leverage 3.0% 7.0% 7.0% 9.0% 0.3% Economic Outlook5 Loan Portfolio Market Share and Positions? 2023E 2024E GDP Growth (%) (1.7%) 2.8% Residential Mortgages 39% Total Loans 3rd 15% Population Growth (%) 0.95% 0.91% $54.1Bn CPI (y/y % eop) 3.7% 3.0% Mortgage 2nd Non-mortgage 3rd 18% 14% Corporate/ Commercial 45% Unsecured 16% Commercial 4th 13% Total Deposits 4th 12% 1All figures excluding Wealth Management; 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com; 5 Source: Scotiabank Economics. GDP and CPI as at February 10, 2023 forecast; Population Growth: World Economic Outlook Database, October 2022; 6 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 81; 7Key Competitors: DeChile, Santander, BCI, Itau; Source: Comisión para el Mercado Financiero (CMF) 31

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