Scotiabank ESG and Financial Performance Update

Reconciliation for non-GAAP Financial Measures ($MM) Reported Basis Pre-tax, pre-provision profit FY19 FY20 FY21 FY22 Q2/21 Q2/22 Q2/23 FY19 Reported Basis (Constant FX) 1,3 FY20 FY21 FY22 Q2/21 Q2/22 Q2/23 Mexico Revenue Expenses Pre-tax, pre-provision profit Net income attributable to equity holders (NIAEH) NIAEH NIM Calculation¹ ($MM) 2,179 2,196 2,193 2,279 525 555 673 1,213 1,207 1,097 1,117 273 262 335 966 989 1,096 1,162 252 293 338 2,277 2,431 2,504 2,575 1,269 1,362 1,256 1,260 1,008 1,069 1,248 1,315 620 661 673 324 309 335 295 352 338 522 271 590 746 118 192 207 543 261 671 845 137 231 207 Mexico³ Average total assets² Less: Non-earning assets Average total earning assets² Less: 2020 2021 2022 Q2/22 Q2/23 42,324 44,321 47,831 46,874 60,938 1,840 3,426 2,300 3,009 4,031 40,484 40,895 45,531 43,865 56,907 Trading Assets 3,232 4,133 4,101 3,667 4,959 Securities purchased under resale 54 326 agreements and securities borrowed Other deductions 70 214 Average core earning assets² Net Interest Income Less: Non-core net interest income Net interest income on core earning assets Net interest margin 3 1,705 4.14% 87 37,182 36,675 41,162 39,895 51,422 1,643 1,650 1,707 406 499 24 38 1,619 1,613 4.35% 4.40% 303 200 4 402 4.13% -10 509 4.06% 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com; 2 Average balances represents the average of daily balance for the period; 3 May not add due to rounding 88

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