Scotiabank Investor Presentation

Strong Credit Quality GILS ($MM) AND GIL RATIO1 77 bps 81 bps 73 bps 67 bps 64 bps 60 bps 58 bps 62 bps 5,116 33 27 4,770 218- 286 4,735 28 1,040 - 219 235 4,456 26 4,435 32 4,264 32 4,252 27 231 1,106 921 168 4,786,18 -156 130 917 941 904 824 771 3,757 3,419 3,551 3,270 3,268 3,240 3,324 3,695 HIGHLIGHTS Gross formations remained near historical lows Excluding the impact of foreign exchange, gross impaired loans increased $366 million Q/Q 76 bps 62 bps 54 bps 1,141 219 34 bps 27 bps 25 bps 13 21 bps 24 bps 827 983 1 8 173 27- Q1/20 Q2/21 Q3/21 Q4/21 (Pre-pandemic) Q1/22 Q2/22 Q3/22 Q4/22 NET WRITE-OFFS ($MM) AND NET WRITE-OFFS RATIO¹ HIGHLIGHTS Net write-offs increased 20% Q/Q, mostly driven by lower Business Banking recoveries in current quarter Write-offs remained near historical lows in both Canada and International, driven by lower impairments 256 560 1 123 910 801 1 457 139 4 422 4 144 385 3 462 5 155 . Net write-offs ratio increased 3 bps Q/Q 132 544 435 311 274 283 302 Q1/20 Q2/21 (1) Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 (33)Q4/22 (Pre-pandemic) International Banking Canadian Banking Global Banking and Markets Global Wealth Management 1 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 47

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