Scotiabank Financial Overview Q3/21

GBM in US and Latam Delivering the full bank to meet our Americas clients' needs Wholesale bank in the US: Corporate & Investment Banking, Capital Markets, US1 Revenue • Latam¹ Cash Management and Trade Finance $443 million $375 million Top 10 foreign bank organization (FBO) in the US $38 billion Average Loans $42 billion Client list focused on S&P $89 billion Average Deposits $22 billion $190 million Total NIAT $182 million • 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 50.4% 5 Productivity Offices 28.4% Wholesale bank in Latam: Advisory, financing and risk management solutions, and access to capital markets Only full-service corporate/commercial bank with local presence in all Pacific Alliance countries Enhanced connectivity to rest of Americas, Europe and Asia Top tier lending relationships with local and multi-national corporate clients Focused on Pacific Alliance expansion and modernization of technology platforms vestɅ Follow-on offering on the Mexican Stock Exchange (BMV) US$229,000,000 Joint Bookrunner 2021 KKR Acquisition of a 60% stake in Telefonica Colombia Fiber Assets US$500,000,000 PetroRio Acquisition of interest in the Wahoo field from Pe TotalEnergies Confidential Financial Advisor Financial Advisor 2021 2021 raízen Initial Public Offering on the São Paulo Stock Exchange (B3) + Rule 144a & Reg S US$1,144,000,000 Joint Bookrunner 2021 I SQUARED CAPITAL Acquisition of KIO KIO Networks Confidential Financial Advisor 2021 Divestiture of Argentine subsidiary to CGC Confidential Financial Advisor 2021 1 Figures for fiscal Q3/21 40

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