Why Invest in Scotiabank?

Peruvian Economy Resilient economic fundamentals 12.1% Mining, Oil, & Gas 7.8% Construction 1.9% Electricity & Water 4.9% Natural Resources Peru's important resource sectors are increasingly balanced by stronger service-sector activity and solid economic fundamentals Peru has 17 free-trade agreements with 49 countries that account for 66% of global GDP Public investment and private capital spending are recovering and are set to support growth in 2021; 95% of activity has re-opened 13.5% Manufacturing 9.3% Finance, Insurance, & Real Estate PERUVIAN GDP BY INDUSTRY (Q4 2020) 20.2% GDP Growth 2021F: 8.7% GDP Growth 2022F: 4.0% Contributions to Peruvian GDP Growth 10 y/y % change 5 0 -5 -10 -15 -20 -25 -30 Net Exports Investment Consumption -35 17 18 19 Sources: Scotiabank Economics, Haver Analytics. Inventories Government Real GDP 20 20 30.4% Other Transportation & Warehousing Top 5 Trading Partners* Others 46% China 24% United States South Japan Korea 4% 4% Canada 5% 17% * Trade data updated as of Q4-2020 60 60

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