Why Invest in Scotiabank?

Scotiabank in Mexico Business Overview Customers ~3.1MM Corporate/ Commercial Residential Mortgages 23.5% Market Position by Loans4 Employees ~10,100 29% Branches1 531 15.0% 13.3% Average Loans $30B Loans $30.3B 10.2% 59% Average 6% $28B Personal Loans 7.8% 6.9% Deposits 4% 3.8% Auto 2.1% Total NIAT2,5 $400MM Credit Cards ROE³ 12.1% BBVA B citibanamex Retail Loans 85% 15% BANORTE 8 banregio BBVA Banorte Santander Banamex Scotiabank HSBC Productivity³ 54.6% Secured Bajio Regio Unsecured PTPP Earnings 924 738 2017 Constant currency 2018 +14% CAGR 978 1,087 Productivity Ratio 58.6% 55.4% 55.0% 54.4% Operating Leverage 7.5% 6.9% 1.9% -0.9% 2019 2020 2017 2018 2019 2020 2017 2018 2019 2020 All figures in CAD$ including Wealth Management 1 Includes bank and wealth branches; does not include 177 Credito Familiar branches 2LTM Q2/21 3 Adjusted as Reported 4 Source: CNBV as of March 2021 5 Adjusted after NCI 27 27

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