Scotiabank ESG and Financial Performance Update
Scotiabank in Peru¹
PERFORMANCE EVOLUTION ($ MM) 2
BUSINESS OVERVIEW 2
In Peru since 1997, but officially started operations in 2006. Offers Retail,
Small Business, Commercial, GBM, Wealth and Treasury solutions
PTPP 4,5
NIAEH
1,276
1,037
927
Q2/23
332
405
Customers³
~3.7MM
289
238
248
100
126
Employees³
~8,900
2020
2021
2022
Q2/22
Q2/23
Branches³
256
WY/WY
Y/Y
Loans
$23Bn
PTPP Growth 4,5
(0%)
(19%)
(11%)
(2%)
4%
NIAEH Growth4
(54%)
15%
22%
32%
26%
Deposits
$16Bn
Loan Growth
9%
1%
6%
8%
0%
ROE4
18.9%
NIM4,6,7
5.91%
4.79%
4.41%
4.52%
4.97%
Digital Adoption (%)
49%
Productivity Ratio
35.3%
38.3%
39.4%
38.4%
39.4%
Digital Sales (%)
59%
Operating Leverage
0.5%
(6.4%)
(2.5%)
2.0%
(2.9%)
ECONOMIC OUTLOOK 8
LOAN PORTFOLIO 9
MARKET SHARE AND
POSITIONS 10, 11, 12
Residential
GDP Growth (%)
2023E
1.9%
2024E
2.2%
Mortgages
17%
Total Loans
3rd
16%
Population Growth (%)
1.00%
Mortgage
3rd
18%
$22.8Bn
CPI (y/y % eop)
5.0%
3.5%
Non-mortgage
3rd
16%
Unsecured
28%
Commercial
3rd
16%
Corporate/
Commercial
55%
Total Deposits
4th
13%
1 All figures excluding Wealth Management, 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis (with WYs at YTD23 FX rates and Q2/22 and Q2/23 at Q223 FX rates),
while metrics are on a reported basis; 3 Including subsidiaries; 4 See non-GAAP reconciliations beginning on slide 83; 5 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; 6 Net Interest Margin
calculated as Core Net Interest Income / Average Core Earning Assets; 7 NIM WY2020 has been restated; 8 Source: Scotiabank Economics. GDP and CPI as at May 18, 2023 forecast; Population Growth: World
Economic Outlook Database, April 2023; 9 May not add due to rounding; 10 Key Competitors: BCP, BBVA, Interbank; Source: ASBANC; 11 As of March 2023; 12 Peru system values and market shares experienced a
change in reporting methodology, where in previous periods the system included all types of subsidiaries and credit unions, which were excluded from the volume calculations for Q2/23
31View entire presentation