Investor Presentaiton

Scotiabank in the Pacific Alliance Well positioned in high quality, growth markets Pacific Alliance Trade Bloc Highlights ~225 million people, median age of 302 6th largest economy in the world1 Banking penetration ~50%1 . • Sovereign ratings all "Investment Grade"3 63% of exports related to manufacturing4 Largest trading partner is the United States4 Scotiabank Market Share5 Market Share Ranking5 Strengths Average Total Loans (C$B) Revenue (C$B) Net Income after NCI 7,8 (C$MM) ROE 6,8 # of Employees 9,10 Mexico 7.7% 5th Peru Chile Colombia 18.1% 3rd Auto and Mortgages P&C and Credit Cards 14.4% 3rd Credit Cards, Mortgages 5.9% 6th Credit Cards, Personal $32.5 $21.8 $44.2 $11.9 $2.3 $2.2 $2.3 $1.4 $508 $712 $497 $113 18.6% 23.0% 8.0% 5.9% 12,338 11,532 9,013 7,815 1 Source: World Bank, IMF 2 Source: The World Factbook, CIA 2018 3 Sovereign ratings from Moody's, S&P, and Fitch; Source: Bloomberg 6 For the three months ended January 31, 2020 7 For the trailing 12 months ended January 31, 2020, not adjusted for currency 8 Refer to Non-GAAP Measures on Slide 36 for adjusted results 4 Source: United Nation Conference on Trade and Development (UNCTAD) 2018; International Monetary 9 Employees are reported on a full-time equivalent basis Fund (IMF) 2018 5 Ranking based on publicly traded banks by total loans market share as of December, 2019, inc. M&A 10 As of January 31, 2020 35

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