Scotiabank Risk Overview

Why Invest in Scotiabank? Leading bank in the Americas • Six core markets: Canada, US, Mexico, Chile, Peru and Colombia ~96% of Q1/23 earnings from the Americas Only universal bank with full presence in all Pacific Alliance countries Diversified exposure to high quality growth markets Unique Americas footprint provides diversified exposure to higher growth, high ROE banking markets 231 million people in the Pacific Alliance countries comprise the 6th largest economy in the world , Increasing scale and market share in core markets • Strong risk culture: solid credit quality, well provisioned * Acceleration in Digital Banking • Competitive scale and increasing market share in core markets Competitive advantages in technology, risk management and funding versus competitors Strong Canadian risk management culture with strong capabilities in AML and cybersecurity • Focus on secured and investment-grade lending • • • • • $5.7 billion in allowances for credit losses as of Q1/23 Increased Digital Adoption to 59% in Q1/23 (up 300 bps Y/Y) Named "Digital Bank of the Year for Latin America and the Caribbean" by Latin Finance's 2022 Banks of the Year Awards Launched Scotia TranXact, a new digital payments platform to provide business banking clients with real-time payment services and cash management APIs in August Won "Best Use of Technology for Customer Experience - Overall" by The Digital Banker's Global Digital CX Banking Awards 2022 7

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