Scotiabank International Banking Overview

Increasing Scale, Improving Focus1 Gaining scale in key markets to drive earnings growth, improve earnings quality and reduce risk Gaining Market Share (Total Loans) Canada 2013 2018 0 2 4 6 8 10 12 14 16 18 20 Increasing Scale with Strategic Acquisitions (2017-2019) MD Canada Chile MD Financial Management JARISLOWSKY FRASER GLOBAL INVESTMENT MANAGEMENT BBVA Increases wealth management assets to $230B. Adds 110,000 potential primary customers. Doubles market share. Creates 3rd largest bank. Mexico Chile Peru Colombia Peru banco cencosud Creates #2 bank in credit cards. Colombia Citibank Creates market leader in credit cards. Dominican Republic Doubles customer base. Creates 4th largest bank. PROGRESO... Improving Earnings Quality $ Increased wealth AUM by 37% to $282B in 2018. Targeting earnings contribution to All-Bank earnings from 12% to 15% Reducing Risk Profile 54 countries 36 countries 2013 2019 Between 2013 and 2019, exited 18 countries with either low returns, small scale or higher operational risk: Turkey Russia • Haiti ⚫ Egypt Taiwan UAE ⚫ plus 12 others • • Exited 6 non-core businesses • Reduced wholesale funding (% of assets) from 29.6% to 23.9% • Reduced asset exposure in Asia by 21% 15-year period 2013-2018 INCREASING SCALE, IMPROVING FOCUS 9 Scotiabank®

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