Investor Presentaiton
Scotiabank in Mexico¹
BUSINESS OVERVIEW 2
Operating since 2003 offering Retail, Small Business, Commercial, GBM,
Wealth and Treasury solutions
PERFORMANCE EVOLUTION ($MM) 2
1,273
1,346
PTPP4
NIAEH
1,090
865
Q3/23
Customers³
~2.5MM
683
265
389
336
224
234
Employees³
~8,800
2020
Branches³
453
2021
WY/WY
2022
Q3/22
Q3/23
Y/Y
Average Loans4
PTPP Growth4
6%
17%
6%
(5%)
16%
$45Bn
NIAEH Growth4
(52%)
158%
27%
8%
5%
Average Deposits4
$45Bn
Loan Growth
14%
(2%)
12%
16%
8%
ROE4
25.0%
NIM4
4.35%
4.40%
4.14%
4.00%
4.17%
Digital Adoption (%)
53%
Productivity Ratio
55.0%
50.0%
49.0%
50.5%
47.3%
Digital Sales (%)
66%
Operating Leverage
1.3%
8.9%
2.2%
(6.4%)
8.2%
AVERAGE LOAN MIX AS
ECONOMIC OUTLOOK 5
AT Q3/236
MARKET SHARE AND POSITIONS
(AS OF JUNE 2023)7
2023E
2024E
GDP Growth (%)
3.2%
1.6%
Corporate/
Commercial
57%
Population Growth (%)
0.9%
0.8%
CPI (y/y % eop)
4.7%
4.1%
$45Bn
O
Residential
Mortgages
34%
Total Loans
5th
Mortgage 4th
Non-mortgage 6th
3%
Unsecured
Commercial
5th
6%
Auto 6%
3%
Total Deposits
6th
7%
8%
16%
1 All figures excluding Wealth Management; 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries; 4 See non-
GAAP reconciliations beginning on slide 83; 5 Source: Scotiabank Economics. GDP and CPI as at August 11, 2023 forecast; Population Growth: World Economic Outlook Database, April 2023; 6 May not add due to
rounding; 7 Key Competitors: BBVA, Banamex Citigroup, Santander, Banorte, HSBC; Source: CNBV/Banxico
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