Scotiabank Financial Overview Q3/21

Global Wealth Management 3rd Largest Wealth Management Business in Canada' Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's footprint. Business Overview² 11% 10% Revenue $1.3B 89% International AUM $344B 90% Canada Adjusted Net income 3,4 ($MM) and ROE³ (%) Financial Results 18% AUA $587B $MM, except AUM/AUA Reported Q3/21 Y/Y Q/Q 82% 17.9% 16.7% 16.8% 14.3% 14.3% 425 62 332 333 363 378 397 Net Income4 $390 21% 5% Pre-Tax, Pre Provision Profit $523 20% 3% Revenue $1,335 18% 2% Expenses $812 16% 1% PCLs ($1) nmf nmf Productivity Ratio 60.9% (80 bps) (40 bps) AUM ($B) $344 17% 4% AUA ($B) $587 17% 3% Adjusted² Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Ex. Performance Fees Performance Fees Medium-Term Financial Objectives Net Income Growth Target5 8%+ Net Income4 $397 19% 5% Pre-Tax, Pre Provision Profit $531 18% 3% Expenses $804 17% 1% Productivity Ratio 60.2% (10 bps) (40 bps) Productivity Ratio Operating Leverage <65% Positive 1 Based on Total Net Income for publicly traded banks in Canada for the fiscal year ended October 31, 2020; 2 Figures as of July 31, 2021 or for the 3 months ended July 31, 2021; 3 Refer to Non-GAAP Measures on slide 80 for adjusted results; 4 Attributable to equity holders of the Bank; 53-5 year target from 2020 Investor Day 35

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