Scotiabank ESG and Financial Performance Update
Scotiabank in Mexico¹
BUSINESS OVERVIEW 2
Operating since 2003 offering Retail, Small Business, Commercial, GBM,
Wealth and Treasury solutions
PERFORMANCE EVOLUTION ($MM) 2
1,248
1,315
PTPP 4,5
NIAEHA
1,069
845
Q2/23
Customers³
~2.5MM
671
261
352
338
231
207
Employees³
~8,800
2020
2021
2022
Q2/22
Q2/23
Branches³
453
WY/WY
Y/Y
Loans
$44Bn
PTPP Growth 4,5
6%
17%
5%
19%
(4%)
NIAEH Growth4
(52%)
157%
26%
68%
(11%)
Deposits
$42Bn
Loan Growth
14%
(2%)
12%
10%
12%
ROE4
21.2%
NIM4,6
4.35%
4.40%
4.14%
4.13%
4.06%
Digital Adoption (%)
52%
Productivity Ratio
55.0%
50.0%
49.0%
47.1%
49.8%
Digital Sales (%)
66%
Operating Leverage
1.3%
8.9%
2.2%
9.9%
(6.9%)
ECONOMIC OUTLOOK7
LOAN PORTFOLIO 8
MARKET SHARE AND POSITIONS 9, 10
Residential
2023E
2024E
GDP Growth (%)
1.6%
1.3%
Population Growth (%)
0.85%
0.82%
CPI (y/y % eop)
5.5%
4.2%
Mortgages
Total Loans
5th
8%
32%
$43.5Bn
Mortgage 4th
Non-mortgage 6th 3%
16%
Unsecured
6%
Corporate/
Commercial
58%
Auto
3%
Commercial 5th
7%
Total Deposits
6th
7%
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; customers down 600K vs Q1/23 due to consolidation of inactive accounts (largely social program accounts); 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 Source: Scotiabank
Economics. GDP and CPI as at May 18, 2023 forecast; Population Growth: World Economic Outlook Database, April 2023; 8 May not add due to rounding; 9 Key Competitors: BBVA, Banamex Citigroup, Santander,
Banorte, HSBC; Source: CNBV/Banxico; 10 As of March 2023
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