Scotiabank: Colombian Market and Financial Overview

Global Wealth Management Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's footprint. Business Overview¹ Financial Results 12% Revenue 13% AUM $1.2B 88% $292B 87% 21% AUA $502B $MM, except AUM/AUA Reported FY/20 FY/FY 79% Net Income³ $1,262 +7% Pre-Tax, Pre Provision Profit $1,706 +7% International Canada Revenue $4,584 +2% Expenses $2,878 (1%) Adjusted Net income ²,³ ($MM) and ROE² (%) 2,3 PCLS $7 N/A 13.6% 13.7% 13.8% 14.3% 14.3% Productivity Ratio 62.8% (170bps) 332 333 314 318 314 Adjusted² 332 333 312 318 314 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Net Income $1,297 Pre-Tax, Pre Provision Profit +7% $1,766 +6% Ex. Divested Ops ■Divested Ops Medium-Term Financial Objectives Earnings Growth Target4 8%+ Expenses Productivity Ratio $2,818 (1%) 61.5% (160bps) Productivity Ratio Operating Leverage <65% Positive 1 Figures as of October 31, 2020 or for the 3 months ended October 31, 2020; 2 Adjusted for Acquisition-related costs and impact of additional pessimistic scenario; 3 Attributable to equity holders of the Bank 43-5 year target from 2020 Investor Day 35

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