Why Invest in Scotiabank?

Credit Quality GILs1 ($MM) AND GIL RATIO1 81 bps 81 bps 84 bps 81 bps 78 bps 5,120 31 285 5,148 26 209 5,053 26 302 5,279 39 -224 33 5,116 286 1,222 1,209 1,067 1,049 1,040 3,582 3,704 3,676 3,949 3,757 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 HIGHLIGHTS GIL ratio improved 3 bps Q/Q driven by the impact of foreign currency translation and higher write-offs in International Retail Banking GILs in Business Banking were stable, with new formations driven mainly by two accounts NET WRITE-OFFS ($MM)² AND NET WRITE-OFFS RATIO2,3 76 bps 47 bps 47 bps 41 bps 43 bps 1,141 13 219 732 750 1 13 33 632 674 265 266 26 25 201 227 • 910 454 450 379 448 HIGHLIGHTS Increased write-offs driven by International Retail Banking Business Banking write-offs were stable and trending towards pre-pandemic levels Peak quarter for write-offs (1) Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 International Banking Canadian Banking Global Banking and Markets Global Wealth Management 1 As a percentage of period end loans and acceptances 2 Net write-offs are net of recoveries 3 As a percentage of average net loans and acceptances 41

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