Scotiabank Investor Presentation

Leading Bank in the Americas¹ Core markets: Canada, US, Mexico, Peru, Chile and Colombia 7th largest bank by assets¹ in the Americas Scotiabank FY22 Change Y/Y Reported Adjusted Reported Adjusted Medium Term Financial Objectives Net Income ($Bn) $10.2 $10.7 2% 6% EPS $8.02 $8.50 4% 8% All-Bank Objectives4 Revenue ($Bn) $31.4 $31.8 1% 2% Return on Equity 14.8% 15.6% 10 bps 60 bps EPS Growth5 7%+ Operating (2.4%) (1.1%) n.a. Leverage² Productivity Ratio² 54.4% 52.8% 120 bps 60 bps ROE5 Operating Leverage5 14%+ Positive Total Assets ($T) $1.35 14% Capital6 Strong Levels CET1 Ratio³ 11.5% (80 bps) Ranking by Market Share? Earnings by Market⁹ U.S.Á Other C&CA- 4% Canada #3 8% 6% USMCA USA8 Top 10 FBO PAC Pacific Mexico Peru #5 60% 22% Alliance #3 Countries Chile (PAC) #3 Colombia #6 Canada 1 Ranking by asset as at November 16, 2022, Bloomberg; 2 Refer to page 133 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3 This measure has been disclosed in this document in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018); 43-5 year targets from 2020 Investor Day; 5 Refer to non-GAAP measures on page 17 of the Management's Discussion & Analysis in the Bank's 2022 Annual Report, available on http://www.sedar.com; 6This measure has been disclosed in this document in accordance with OSFI Guideline - Capital Adequacy Requirements (November 2018); Ranking based on market share in loans as of July 2022 in Canada and Colombia, August 2022 in Mexico, and September 2022 in Peru and Chile; 8 Ranking by asset as of March 2022; 9 Net income attributable to equity holders of the Bank for the 12 months ended October 31, 2022 5

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