Q1 2022 Financial Performance

Scotiabank in the Pacific Alliance Q1/22 Scotiabank Market Share¹ Chile Mexico Peru Colombia Market Share Ranking¹ 14.3% 3rd 7.7% 5th 16.3% 3rd 5.4% 6th Pacific Alliance Total/Average 10.9% n.a. Strengths All Products Auto and Mortgages All Products Credit Cards, Personal All Products Average Total Loans 2,8 (C$B) $46.1 $32.7 $19.8 $11.4 $110.0 Revenue 3,8 (C$B) $0.5 $0.5 $0.4 $0.3 $1.7 Net Income after NCI³,8 (C$MM) $177 $162 $110 $14 $463 ROE 3,9 13.1% 20.2% 16.4% 4.1% 14.6% # of Employees 4,5 7,654 9,528 8,743 5,795 31,720 Total Deposit Growth 6,7,8 Total Loan Growth 6,7,8 Productivity Ratio⁹ Total PTPP Growth 6,7,10 9% -1% 3% Y/Y 78 9 24 8ང F༅ ླ 70% Y/Y Y/Y 66% 110 108 110 58% 1009 75 75 11 12 11 51% 50% 121 911 847 10 9 49% 88 45% 42% 41% 73 22 21 22 301 47 45 46 42% 37% 317 309 35% 17 15 15 21 19 20 20 304 196 229 29 29 29 29 30 31 32 33 283 269 277 Q1/21 Q4/21 Q1/22 Q1/21 Q4/21 Q1/22 Q1/21 Q4/21 Q1/22 Q1/21 Q4/21 Q1/22 Mexico Peru Chile Colombia 1 Ranking based on publicly traded banks by total loans market share, as of December, 2021; except Colombia as of November 2021; 2 For the three months ended January 31, 2022; 3 For the three months ended January 31, 2022, not adjusted for currency; 4 Employees are reported on a full-time equivalent basis; 5 As of January 31, 2022; 6 Y/Y and Q/Q growth rates (%) are on a constant dollar basis; 7 May not add due to rounding; 8 Figures excluding Wealth Management; Refer to page 48 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 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; 10 Pre-Tax, Pre-Provision Profit defined as revenues less expenses 13

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