Why Invest in Scotiabank?

Scotiabank in Colombia Business Overview Customers¹ ~2.7MM Corporate/ Commercial Residential Mortgages 26.0% 18% Market Position by Loans4 Employees ~6,500 Branches 152 Average Loans $11B 45% Loans $11.0B 18% Personal Loans Average $10B 16.6% 12.6% 10.2% 6.2% 5.4% 4.3% Deposits 0% 18% Total NIAT 2,6 -$3MM Auto Credit Cards ROE³ ▸ BBVA 1 -0.4% Retail 36% 64% Loans Bancolombia Davivienda Bogotá 5 BBVA Productivity³ 58.2% Secured Unsecured Occidente Scotiabank Popular5 Colpatria PTPP Earnings 460 519 2017 Constant currency 2018 Productivity Ratio +3% CAGR 664 507 54.5% 53.4% 52.6% 2019 2020 All figures in CAD$ including Wealth Management 1 Includes affiliates & consumer microfinance 2 LTM Q2/21 3 Adjusted as Reported 4 Market share as of February 2021 5 Members of AVAL Group: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas. 6 Adjusted after NCI Operating Leverage 59.8% -1.8% -2.4% -6.4% -7.6% 2017 2018 2019 2020 2017 2018 2019 2020 30

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