Scotiabank Risk Overview

Scotiabank in Peru¹ Business Overview² Began presence in Peru in 1997, but officially started operations in 2006. Offers Retail, Small Business, Commercial, GBM, Wealth and Treasury solutions Performance Evolution ($MM)2,6 Q1/23 Customers³ ~3.4MM 1,265 1,028 PTPP NIAT 920 402 286 329 251 262 120 126 Employees³ ~8,900 2020 Branches³ 256 2021 WY/WY 2022 Q1/22 Q1/23 Y/Y Loans $23Bn PTPP Growth (1%) (19%) (10%) (17%) 4% NIAT Growth (54%) 15% 22% 70% 5% Deposits $16Bn Loan Growth 9% 1% 6% 2% 5% ROE4 18.3% NIM4 5.93% 4.79% 4.41% 4.47% 4.90% Digital Adoption (%) 50% Productivity Ratio 35.3% 38.3% 39.4% 37.0% 38.3% Digital Sales (%) 53% Operating Leverage 0.5% (6.4%) (2.5%) (4.9%) (4.0%) Economic Outlook5 Loan Portfolio Market Share and Positions? GDP Growth (%) 2023E 2.1% 2024E 2.4% Population Growth (%) 1.00% CPI (y/y % eop) 5.0% 2.5% Residential Mortgages 16% Total Loans 3rd 16% Mortgage 3rd 18% $22.7Bn Non-mortgage 3rd 17% Unsecured 28% Commercial 3rd 15% Corporate/ Commercial 56% Total Deposits 4th 13% 1All figures excluding Wealth Management, 2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics are on a reported basis; 3 Including subsidiaries, 4 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com; 5 Source: Scotiabank Economics. GDP and CPI as at February 10, 2023 forecast; Population Growth: World Economic Outlook Database, October 2022; 6 Pre-Tax, Pre-Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 81; 7Key Competitors: BCP, BBVA, Interbank; Source: ASBANC 30

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