Scotiabank ESG and Financial Performance Update

Reconciliation for non-GAAP Financial Measures ($MM) Reported Basis Pre-tax, pre-provision profit FY19 FY20 FY21 FY22 Q2/21 Q2/22 Q2/23 FY19 FY20 FY21 Reported Basis (Constant FX) 1,3 FY22 Q2/21 Q2/22 Q2/23 Chile Revenue 2,385 2,066 2,147 2,112 533 543 608 1,999 2,011 2,061 2,273 516 585 608 Expenses 1,151 963 933 853 237 215 259 966 920 Pre-tax, pre-provision profit 1,234 1,103 1,214 1,259 296 328 349 1,033 1,091 896 1,165 1,355 918 229 231 259 286 354 349 Net income attributable to equity holders (NIAEH) NIAEH 443 302 612 843 142 226 165 372 298 592 911 138 245 165 Chile³ NIM Calculation1 ($MM) Average total assets² Less: Non-earning assets Average total earning assets² 2020 2021 2022 Q2/22 Q2/23 64,640 63,103 64,297 64,278 77,771 13,119 10,486 11,638 10,949 13,756 51,521 52,617 52,659 53,329 64,015 Less: Trading Assets 847 811 592 498 491 Securities purchased under resale 134 200 agreements and securities borrowed Other deductions 869 761 824 788 1,234 Average core earning assets² 49,805 51,045 51,109 52,043 62,090 Net Interest Income Less: Non-core net interest income Net interest income on core earning assets Net interest margin 1,415 1,507 1,596 408 16 12 1,399 1,496 2.81% 2.93% 466 -37 1,633 3.20% -21 -46 429 3.38% 512 3.38% 1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com; 2 Average balances represents the average of daily balance for the period; 3 May not add due to rounding 90 90

View entire presentation