Scotiabank Financial Overview Q3/21

Credit Performance TOTAL ACLs ($MM) AND ACL COVERAGE RATIO1 125 bps 125 bps 116 bps 109 bps 96 bps 7,820 7,810 7,403 181 220 182 6,893 1,957 -177 6,232 1,994 1,776 153 1,938 1,759 5,445 5,682 5,596 4,778 4,320 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Performing Loan ACLs Impaired Loan ACLS Other² 136 bps TOTAL PCLs ($MM)³,4 AND PCL RATIO • HIGHLIGHTS $6.2 billion in total ACLs (22% above pre-pandemic levels) Performing loan ACLs decreased 10% from the prior quarter Total ACLS represents ~9 quarters of net write-offs Total ACL coverage ratio of 96 bps (vs 82 bps pre-pandemic) • 73 bps 2,181 149 -2 49 bps 33 bps • 24 bps 752 1,131 3 330 62 764 4 496 1,278 215 20 380 .69 145 736 525 396 (2) 339 (1) (43) (27) Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Canadian Banking Global Banking and Markets Other4 HIGHLIGHTS Total PCL ratio of 24 bps decreased 112 bps Y/Y and 9 bps Q/Q The Q/Q improvement was driven by lower impaired PCLs in International and Canadian Banking International Banking 1 ACL coverage ratio defined as period end total ACLs (excluding debt securities and deposits with financial institutions) divided by gross loans and acceptances 2 Includes ACLs on off-balance sheet exposures and ACLs on acceptances and other financial assets 3 Includes provision for credit losses on other financial assets in International Banking (Q1/20: -$1 million, Q2/20: $1 million, Q4/20: -$1 million), in Global Banking and Markets of $1 million (Q3/20: $1 million, Q4/20: $1 million), in Global Wealth Management (Q3/20: -$1 million) and in Other (Q1/20: $1 million, Q2/20: -$2 million, Q4/20: $2 million) 4 Other includes provisions for credit losses in Global Wealth Management of -$1 million (Q2/20: $2 million, Q3/20: $1 million, Q4/20: $3 million, Q1/21: $4 million, Q2/21: -$2 million) 44 44

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