Scotiabank Risk Overview

Scotiabank in Colombia¹ Business Overview² Operating since 2011 offering Retail, Small Business, Commercial, GBM, Wealth and Treasury solutions Q1/23 Customers³ ~2.8MM Performance Evolution ($MM) 2,6 350 PTPP NIAT 324 LL 295 78 56 72 39 13 -39 Employees³ ~5,600 2020 Branches³ 126 2021 WY/WY 2022 Q1/22 Q1/23 Y/Y Loans $12Bn PTPP Growth (25%) (8%) (9%) (17%) (8%) NIAT Growth (147%) (245%) (30%) (26%) (102%) Deposits $9Bn Loan Growth 10% 1% 13% 12% 13% ROE4 (0.1%) NIM4 6.32% 5.62% 4.87% 5.22% 4.07% Digital Adoption (%) 73% Productivity Ratio 64.0% 62.9% 66.8% 66.1% 67.9% Digital Sales (%) 56% Operating Leverage (13.5%) 1.4% (5.8%) (11.5%) (2.4%) Economic Outlook5 Loan Portfolio Market Share and Positions? 2023E 2024E GDP Growth (%) 1.5% 2.5% Population Growth (%) 1.06% 1.03% CPI (y/y % eop) 9.2% 4.9% Residential Mortgages 16% Total Loans 6th 5% $11.7Bn Mortgage 5th Non-mortgage 5th 7% 6% Unsecured 31% Commercial 6th 4% Corporate/ Commercial 53% Total Deposits 6th 5% 1All figures excluding Wealth Management; 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries; 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com; 5 Source: Scotiabank Economics. GDP and CPI as at February 10, 2023 forecast; Population Growth: World Economic Outlook Database, October 2022; 6 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 81; 7Key Competitors: Banco de Bogota, Bancolombia, Davivienda, BBVA, Occidente, Banco Corpbanca; Source: Superfinanciera/Asobancaria 32

View entire presentation