Investor Presentaiton

Global Wealth Management 3rd Largest Wealth Management Business in Canada' Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's footprint. Business Overview² 11% 12% Revenue AUM $1.4B $314B 89% International 88% Canada Adjusted Net income 3,4 ($MM) and ROE³ (%) 13.7% 13.8% 14.3% Financial Results 20% AUA $546B $MM, except AUM/AUA Reported Q1/21 Y/Y Q/Q 80% 17.9% 14.3% Net Income4 $418 37% 29% Pre-Tax, Pre Provision Profit $573 36% 31% Revenue $1,390 20% 19% Expenses $817 11% 13% PCLS $4 nmf nmf Productivity Ratio 58.8% (490 bps) (350 bps) AUM ($B) $314 5% 8% AUA ($B) $546 10% 9% 425 62 318 314 332 333 363 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Adjusted² Ex. Performance Fees Performance Fees Medium-Term Financial Objectives Earnings Growth Productivity Ratio Operating Leverage Target5 8%+ <65% Positive Net Income4 $425 34% 28% Pre-Tax, Pre Provision Profit $582 34% 29% Expenses $808 12% 13% PCLS $4 nmf nmf Productivity Ratio 58.1% (430 bps) (300 bps) 1 Based on Total Net Income for publicly traded banks in Canada for the fiscal year ended October 31, 2020; 2 Figures as of January 31, 2021 or for the 3 months ended January 31, 2021; 3 Adjusted for Acquisition- related costs and impact of additional pessimistic scenario; 4 Attributable to equity holders of the Bank; 53-5 year target from 2020 Investor Day 33

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