Scotiabank ESG and Financial Performance Update

Reconciliation for non-GAAP Financial Measures Return on Equity ($ millions) Reported Basis Return on Equity Mexico Net Income Attributable to Common Shareholders Total average common equity 586 3,093 FY21 FY22 Q2/23 ($ millions) Return on Equity FY21 Reported Basis FY22 Q2/23 Chile Return on Equity 745 206 3,393 3,983 18.9% 22.0% 21.2% Net Income Attributable to Common Shareholders Total average common equity Return on Equity 605 841 165 5,365 5,844 6,670 11.3% 14.4% 10.1% ($ millions) Reported Basis Return on Equity FY21 FY22 Q2/23 ($ millions) Return on Equity Reported Basis FY21 FY22 Q2/23 Peru Colombia Net Income Attributable to Common Shareholders Total average common equity Return on Equity 301 382 126 2,655 2,772 2,730 11.3% 13.8% 18.9% Net Income Attributable to Common Shareholders Total average common equity Return on Equity 68 44 -6 1,263 1,333 1,221 5.3% 3.3% -2.0% ($ millions) Reported Basis ($ millions) Reported Basis Return on Equity FY21 FY22 Q2/23 Return on Equity FY21 FY22 Q2/23 English Caribbean Dominican Republic Net Income Attributable to Common Shareholders Total average common equity 204 Return on Equity 298 146 1,158 1,141 1,106 17.6% 26.1% 54.1% Net Income Attributable to Common Shareholders Total average common equity 50 57 18 628 671 699 Return on Equity 7.9% 8.5% 10.4% ($ millions) Reported Basis ($ millions) Reported Basis Return on Equity FY21 FY22 Q2/23 Return on Equity Q2/22 Q1/23 Q2/23 Central America Caribbean and Central America Net Income Attributable to Common Shareholders Total average common equity Return on Equity 67 83 1,368 1,379 4.9% 6.0% 24 1,454 6.8% Net Income Attributable to Common Shareholders Total average common equity Return on Equity 89 141 172 3,299 3,395 3,376 11.1% 16.5% 20.9% Reported Basis PCLs ($ millions) Q2/22 Caribbean and Central America 39 Q1/23 Q2/23 35 25 Q2/22 43 Q1/23 Q2/23 37 25 1 Constant Dollar Basis¹ Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com 86 98

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