Scotiabank Business Overview and Economic Outlook

Leading Bank in the Americas¹ Core markets: Canada, US, Mexico, Peru, Chile and Colombia 7th largest bank by assets¹ in the Americas Full-Service, Universal Bank Canada Mexico Peru Chile Colombia Caribbean Uruguay Change Scotiabank2 Q1/21 Y/Y Revenue Net Income Return on Equity $8,072MM +3% $2,418MM +6% 14.4% +50 bps Operating Leverage +3.4% n.a. Productivity Ratio 51.8% (160 bps) Total Assets $1.2T +1% CET1 Ratio 12.2% +80 bps Ranking by Market Share³ Wholesale Operations Canada #3 USMCA USA UK USA Mexico Top 10 FBO #5 Pacific Alliance Peru #3 Singapore Australia Countries Chile (PAC) #4 Ireland Colombia #6 Hong Kong SAR China Brazil Malaysia Earnings by Market2,4 India Japan 1 Ranking by asset as at February 18, 2021, Bloomberg; 2 Adjusted for acquisition and divestiture-related amounts, impact of additional pessimistic scenario in ACLs, Derivative Valuation Adjustment, and impairment charge on software asset. Revenue growth, Net Income growth, and Operating Leverage excludes divested operations; 3 Ranking based on market share in loans as of December 2020 in Mexico, Peru and Chile, as of November 2020 in Colombia, as of October 2020 in Canada for publicly traded banks; 4 Adjusted net income attributable to equity holders of the Bank for the 3 months ended January 31, 2021 -Other C&CA 3%3% PAC 17% 7% U.S.A Canada 70% 5

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