Earnings and Dividend Growth Report

Canadian Banking: Residential Mortgages High quality, diversified portfolio Residential mortgage portfolio¹ of $238 billion: 39% insured; LTV 53% on the uninsured book² 。 Mortgage business model is “originate to hold" 。 New originations³ in Q3/20 had average LTV of 64% 。 Majority is freehold properties; condominiums represent approximately 14% of the portfolio ⚫ Four distinct distribution channels: all adjudicated under the same standards o 1. Broker (~60%); 2. Branch (~18%); 3. Mobile Salesforce (~21%) and 4. eHOME (~1%) 。 Scotiabank eHOME is our fully digital 4th distribution channel for pre-approvals and standard applications. Since the launch of eHOME, we have processed more than 15,000 mortgage applications. In September, we will be launching eHOME in Quebec, to support the Grow Quebec Strategy CANADIAN MORTGAGE PORTFOLIO¹: $238B (SPOT BALANCES AS AT Q3/20, $B) $124.6 $15.9 Freehold $204B 39% Condos - $34B Insured $108.7 $45.1 Total Portfolio 1: $238 billion $11.7 $31.0 $3.7 $33.4 $27.3 Ontario BC & Territories Alberta $16.6 $14.6 Quebec $2.0 $11.0 $10.8 $9.6 $0.2 $8.9 $0.7 Atlantic Provinces Manitoba & 61% Saskatchewan % of Uninsured portfolio 52.3% 19.0% 13.1% 7.0% 4.6% 4.0% 1 Includes Wealth Management 2LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data 3 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases refinances with a request for additional funds and transfer from other financial institutions 27 22

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