Scotiabank Risk Overview

Focused on Higher Return Markets 35% 30% 25% Scotiabank P&C Banking Focused On Higher ROE Markets 20% 31.7% 15% 10% 5% 0% Canada1 15.9% 2 15.2% Pacific Alliance Average FY22 ROE of Canadian banks in each market FY22 ROE of BNS in Pacific Alliance market 1 Average FY22 ROE of RY, TD, BMO, CM, and BNS 2 Average 10-year ROE of Banorte, Banbajio, Santander Mexico, Credicorp, Bancolombia, Santander Chile and Banco de Chile 3 Average 10-year ROE of JP Morgan, BofA, Citi, Wells Fargo, Truist, US Bancorp, PNC, Fifth Third, M&T and Comerica 4 Banks include TD, BMO and CM's US Banking segment Sources: Company Financial Reports 3 10.6% 4 13.0% US Average 10-Year ROE of largest banks in each market 8

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