Investor Presentaiton

Scotiabank in the U.S. ⚫ Wholesale bank in the US: Corporate & Investment Banking, Capital Markets, Cash Management and Trade Finance ⚫ Top 15 foreign bank organization (FBO) in the US Clients¹ >4,000 Employees¹ ~700 Offices¹ 5 Revenue¹ Average Loans¹ Average Deposits¹ $1,896 million Total NIAT¹ $777 million $43 billion $57 billion ROE1 18.7% Productivity1 46.2% . Client focus is on S&P 500, investment grade corporates ● Current sectors of strength include: Power & Utilities and Energy. Focus areas for growth include Consumer/Industrial/Retail (CIR), Technology, and Healthcare 1 As presented in the 2020 Investor Day; figures for fiscal 2019 49

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