Scotiabank ESG and Financial Performance Update

Strong Credit Quality GILS ($MM) AND GIL RATIO1 73 bps 67 bps 64 bps 60 bps 58 bps 62 bps 65 bps 67 bps 4,786 18 5,104 18 141 5,305 23 4,735 156 - 28 4,456 235 4,435 - 26 -219 32 4,264- 231 4,252 27 -32 1,157 1,079 168 -130 917 921 941 904 824 771 3,551 3,270 3,268 3,240 3,324 3,695 3,866 4,005 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 HIGHLIGHTS GILs increased $201 million Q/Q ($74 million excluding the impact of foreign exchange) New formations in Retail Banking partially offset a by decrease in Commercial and Corporate GILS 。 International Banking: Higher Q/Q driven by impact of foreign exchange and new retail formations in the Pacific Alliance countries 。 Canadian Banking: Higher Q/Q driven by new retail formations mainly in prime auto and Commercial NET WRITEOFFS ($MM) AND NET WRITE OFFS RATIO 1 • 62 bps 29 bps 29 bps 983 1 8 173 34 bps 27 bps 25 bps 24 bps 21 bps 563 552 560 123 ✓ 8. 457 4 3 462 5 801 139 422 4 144 385 3 184 200 155 132 HIGHLIGHTS Net write-offs decreased 2% Q/Q, continuing to remain below historically low levels in both Canada and International 。 International Banking: Net write-offs were lower Q/Q driven by Commercial portfolios. Retail net write-offs were relatively unchanged Q/Q 。 Canadian Banking: Net write-offs grew Q/Q but remain below historically low levels 435 371 351 311 274 283 302 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 (33) Q4/22 Q1/23 Q2/23 International Banking Canadian Banking Global Banking and Markets Global Wealth Management 1 Refer to page 54 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto 47

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