Scotiabank: Colombian Market and Financial Overview

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 Asia Financial Results Canada 5% Europe Global Business Banking 50% $MM FY/20 FY/FY 6% 53% Equities 16% Geographic Revenue¹ $1.2B Revenue By Business Line¹ $1.2B Reported Net Income² $1,955 +27% Pre-Tax, Pre Provision Profit $2,909 +44% 36% Revenue $5,382 +20% US 34% FICC Expenses $2,473 PCLS $390 N/A Adjusted Net Income ²,³ ($MM) and ROE³ (%) 2,3 Productivity Ratio 45.9% (910 bps) PCL Ratio4 0.35% 15.4% 13.8% 14.0% 17.5% 14.6% +37 bps PCL Ratio Impaired Loans4 0.12% +12 bps Adjusted³ 600 451 523 Net Income² $2,034 +33% 460 405 Pre-Tax, Pre Provision Profit $3,011 +49% Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Medium-Term Financial Objectives Productivity Ratio Revenue PCLS $384 45.1% $5,484 +22% N/A (990 bps) NIAT Growth Productivity Ratio Operating Leverage Target5 ~5% ~50% Positive 1 TEB Revenue for the 3 months ended October 31, 2020; 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 38

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