Scotiabank Financial Overview Q3/21

International Banking International Banking has a strong and diverse franchise with more than 10 million Retail, Corporate and Commercial customers. International Banking continues to offer significant potential for the Bank, with a geographical footprint encompassing the Pacific Alliance countries of Mexico, Colombia, Peru and Chile as well as Central America and the Caribbean. Business Mix Financial Results Adjusted Net Income³ ($MM) and NIMA (%) Residential Mortgages Business Loans 54% Asia Revenue 2% Mix¹ 78% Latin $2.4B America Auto' Credit Cards 2% 5% Loan Mix¹ $138B 20% 11% C&CA Personal Loans 28% $MM Q3/21 Y/Y² Q/Q² Reported Net Income³ $486 nmf 17% Pre-Tax, Pre Provision Profit $1,063 1% 1% Revenue $2,362 2% Expenses $1,299 4% PCLS $339 (71%) (11%) Productivity Ratio 55.0% 90 bps 60 bps Net Interest Margin4 3.72% (27 bps) (23 bps) 3.99% 3.97% 4.03% 3.95% 3.72% PCL Ratio5 100 bps (233 bps) (18 bps) PCL Ratio Impaired Loans5 208 bps 59 bps (73 bps) 493 398 429 53 283 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Adjusted4 Net Income³ Pre-Tax, Pre Provision Profit Expenses PCLS $493 nmf 17% $1,074 (2%) 1% $1,288 3% 4% $339 (71%) Medium-Term Financial Objectives Productivity Ratio 54.6% 230 bps (11%) 70 bps Target6 9%+ Net Income Growth Productivity Ratio Operating Leverage <50% Positive 1 For the 3 months ended July 31, 2021; 2Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis; 3 Attributable to equity holders of the Bank; 4Net Interest Margin is on a reported basis; 5 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day 27 27

View entire presentation