Americas Wholesale and Retail Banking Overview

Global Wealth Management 3rd Largest Wealth Management Business in Canada' Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's footprint. Business Overview² 11% 10% Revenue $1.3B 89% International AUM $344B 90% Canada Adjusted Net income 3,4 ($MM) and ROE³ (%) Financial Results 18% AUA $587B $MM, except AUM/AUA Reported Q3/21 Y/Y Q/Q 82% 17.9% 16.7% 16.8% 14.3% 14.3% 425 62 332 333 363 378 397 Net Income4 $390 21% 5% Pre-Tax, Pre Provision Profit $523 20% 3% Revenue $1,335 18% 2% Expenses $812 16% 1% PCLs ($1) nmf nmf Productivity Ratio 60.9% (80 bps) (40 bps) AUM ($B) $344 17% 4% AUA ($B) $587 17% 3% Adjusted² Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Ex. Performance Fees Performance Fees Medium-Term Financial Objectives Net Income Growth Target5 8%+ Net Income4 $397 19% 5% Pre-Tax, Pre Provision Profit $531 18% 3% Expenses $804 17% 1% Productivity Ratio 60.2% (10 bps) (40 bps) Productivity Ratio Operating Leverage <65% Positive 1 Based on Total Net Income for publicly traded banks in Canada for the fiscal year ended October 31, 2020; 2 Figures as of July 31, 2021 or for the 3 months ended July 31, 2021; 3 Refer to Non-GAAP Measures on slide 80 for adjusted results; 4 Attributable to equity holders of the Bank; 53-5 year target from 2020 Investor Day 35

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