Scotiabank Investor Presentation

Fiscal 2022 Financial Performance $MM, except EPS 2022 Y/Y Reported Net Income $10,174 2% Pre-Tax, Pre-Provision Profit¹ $14,314 (2%) Diluted EPS $8.02 4% • Revenue $31,416 1% Expenses $17,102 3% Productivity Ratio² 54.4% 120 bps Net Interest Margin³ 2.20% (3 bps) • PCL Ratio² 19 bps (10 bps) PCL Ratio on Impaired Loans² 24 bps (29 bps) Adjusted³ Net Income $10,749 6% Pre-Tax, Pre-Provision Profit $14,990 • Diluted EPS $8.50 8% Revenue Expenses $31,777 2% Productivity Ratio $16,787 52.8% 3% 60 bps • REPORTED NET INCOME YEAR-OVER-YEAR ($MM) 9,955 1,154 426 113 (990) (484) 2021 Net interest Non-interest income income PCLS Non-interest expenses WHOLE YEAR HIGHLIGHTS Adjusted EPS up 8% (reported up 4%), driven by higher revenues, lower PCLs and strong expense management Adjusted pre-tax, pre-provision profit in line with prior year (reported down 2%) 。 Strong result from P&C businesses was offset by GBM and higher funding cost impacting the Other segment Adjusted revenue up 2% (reported up 1%) 。 Net interest income up 7% o Adjusted non-interest income down 4% (reported down 7%), driven by lower investment gains Net interest margin down 3 bps 。 Lower contribution from asset/liability management activities related to higher funding costs Strong adjusted ROE³ of 15.6% (reported 14.8%) REPORTED NET INCOME4 BY BUSINESS SEGMENT ($MM) +15% 2021 2022 +38% -8% -1% 10,174 4,155 4,763 1,565 1,556 2,075 1,911 1,756 2,418 Taxes 2022 Canadian Banking Global Wealth Management Global Banking and Markets International Banking (Constant FX) 3 1 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 43 Refer to page 133 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 2 3 Refer to non-GAAP measures on page 17 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, available on http://www.sedar.com 4 Attributable to equity holders of the Bank 10

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