Scotiabank Financial Overview Q3/21

Global Banking and Markets Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. GBM is a full service wholesale bank in the Americas, with operations in 21 countries, serving clients across Canada, the United States, Latin America, Europe and Asia-Pacific. Business Overview Asia Financial Results Canada 4% Europe 7% Global 54% Equities Business Banking $MM 52% Geographic Revenue¹ 21% Revenue By Business Line¹ Reported $1.3B $1.3B 35% US 27% FICC Q3/21 Y/Y Q/Q Net Income² $513 (14%) (1%) Pre-Tax, Pre Provision Profit $633 (32%) 1% Revenue $1,253 (19%) Expenses $620 (2%) Adjusted Net Income ²,³ ($MM) and ROE³ (%) 2,3 PCLS ($27) nmf (37%) Productivity Ratio 49.5% 940 bps (80 bps) 17.5% 17.3% 17.4% 16.1% 14.6% PCL Ratio4 (11 bps) (61 bps) 7 bps PCL Ratio Impaired Loans4 3 bps (10 bps) (2 bps) 600 517 460 543 513 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Medium-Term Financial Objectives Target5 Net Income Growth Productivity Ratio Operating Leverage ~5% ~50% Positive 1 TEB Revenue for the 3 months ended July 31, 2021. Note GBM Latam revenue contribution is reported in International Banking results; 2 Attributable to equity holders of the Bank; 3 Refer to Non-GAAP Measures on slide 80 for adjusted results; 4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 53-5 year target from 2020 Investor Day 39

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