Scotiabank ESG and Financial Performance Update

International Banking International Banking is a strong and diverse franchise with over 11 million Retail, Corporate, and Commercial customers. The geographical footprint encompasses the Pacific Alliance countries of Mexico, Chile, Peru, and Colombia, as well as Central America, the Caribbean, and Uruguay. BUSINESS MIX Business Loans • 55% Asia 1% Q2/23 Q2/23 Revenue 76% Latin Mix Auto 1% America 23% $2.8Bn Credit 5% Cards Loan Mix $177.2Bn STRATEGIC FOCUS Deepening relationships with the Affluent Retail segment Continue driving efficiencies and customer experience by leveraging Digital FINANCIAL RESULTS ($ MM) 10% C&CA Personal Loans 29% Constant dollar basis 1,4 Residential Mortgages $MM Reported Q2/23 Q2/22 Y/Y1 Q1/23 Q/Q¹ REPORTED NET INCOME 1,2 ($MM) AND NIM 4,6 (%) 3.96% 3.95% 4.08% 4.12% Net Income² $642 $642 Pre-Tax, Pre-Provision Profit³ Revenue $1,273 $2,752 4.00% Expenses $1,479 $1,200 6% $2,552 $1,352 $689 $1,322 (4%) (7%) 8% 9% $2,809 (2%) $1,487 (1%) PCLS $436 $292 49% $422 3% 642 679 680 689 642 Productivity Ratio4 Net Interest Margin5 53.7% 52.7% 100 bps 53.2% 50 bps 4.12% 3.96% 16 bps 4.00% 12 bps Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 PCL Ratio PCL Ratio Impaired Loans4 103 bps 77 bps 26 bps 96 bps 7 bps 94 bps 77 bps 17 bps 89 bps 5 bps MEDIUM-TERM FINANCIAL OBJECTIVES 8 Adjusted4 Net Income Growth 2,5 Productivity Ratio5 Operating Leverage5 9%+ <50% Positive Net Income² Pre-Tax, Pre-Provision $650 $650 $697 (7%) $1,284 $1,211 6% $1,332 (4%) Profit³ Expenses Productivity Ratio $1,468 $1,341 9% $1,477 (1%) 53.3% 52.2% 110 bps 52.8% 54 bps 1 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics and change in bps are on a reported basis; 2 Net income attributed to equity shareholders, on a constant dollar basis; 3 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 83; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com; 5 Refer to page 54 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 6 Prior period has been restated to include as a deduction non-interest bearing deposits with banks, to align with the Bank's definition; 7 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 8 3-5 year target from 2020 Investor Day 28

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