Energy Portfolio and Canadian Mortgage Overview

Why Invest in Scotiabank? , $ Leading bank in the Americas Six core markets: Canada, US, Mexico, Chile, Peru and Colombia • ~95% of earnings from the Americas • ~85% of earnings from six core markets Diversified exposure to high quality growth markets Unique Americas footprint provides diversified exposure to higher growth, high ROE banking markets • 225 million people in the Pacific Alliance countries comprise the 6th largest economy in the world Increasing scale and market share in core markets Improved earnings quality, lower risk profile • Competitive scale and increasing market share in core markets Competitive advantages in technology, risk management, and funding versus competitors Increased scale in Wealth Management and P&C businesses via M&A • ~80% of earnings from stable P&C banking and wealth businesses • Simplified footprint lowers operational risk and regulatory costs • Strong Canadian risk management culture with strong capabilities in AML and cybersecurity Strengthening competitive advantages in technology and talent High levels of technology investment supports digital banking strategy to increase digital sales and adoption Named "Bank of the Year" in Canada (2019) 8

View entire presentation