Scotiabank Financial Overview Q3/21

Focused on Higher Return Markets Higher Banking ROEs in Canada and Latam 35% 30% 32.5% 28.4% 25% 20% 15% 11.8% 10.7% 10.1% 10% 12.1% 10.6% 6.1% 10.1% 5% 6.0% 0% Canada S Latam US Asia Europe ~95% of All-Bank earnings 3-year average ROE of market Average ROE of market in latest reporting period Return on equity based on latest reporting period as of August 18, 2021 Canada figures are average of Canadian P&C return on equity Canada and US figures are average for five largest and 10 largest market share banks in each country, respectively. Latam figures are average of 8 banks across Mexico, Peru, Chile, Colombia, and Brazil Sources: Bloomberg LLP, Company Financial Reports 9

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