Digital Progress: Canada

Global Wealth Management 3rd Largest Wealth Management Business in Canada¹ Global Wealth Management is focused on delivering comprehensive wealth management advice and solutions to clients across Scotiabank's footprint. Global Wealth Management serves over 2.5 million investment fund and advisory clients across 13 countries - administering over $600 billion in assets. 14% Q2/23 Revenue Mix $1.3Bn 86% BUSINESS MIX 10% Q2/23 AUM² 22% Q2/23 AUA² $330Bn $624Bn 78% 90% • STRATEGIC FOCUS Canada: Maintain momentum leveraging our unique operating model and market leading capabilities International: Follow Scotia's footprint, building out Advisory and Asset Management businesses in PAC markets International Canada REPORTED NET INCOME ³ ($MM) AND ROE 4 (%) FINANCIAL RESULTS ($MM) 17.5% $MM, except AUM/AUA Reported Q2/23 Y/Y Q/Q 15.5% 14.8% 15.5% 14.8% Net Income³ $353 (13%) (8%) Pre-Tax, Pre-Provision Profit5 $482 (13%) (8%) Revenue $1,300 (4%) (2%) 407 376 361 385 353 Expenses $818 2% 2% PCLs $2 nmf nmf Productivity Ratio² 63.0% 390 bps 240 bps Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 AUM ($Bn)² $330 1% 2% MEDIUM-TERM FINANCIAL OBJECTIVES AUA ($Bn)² $624 5% 3% Adjusted4 Net Income Growth 2,3 Productivity Ratio² Operating Leverage² 8%+ <65% Positive Net Income³ $359 (13%) (8%) Pre-Tax, Pre-Provision Profit 5 $491 (13%) (8%) Expenses Productivity Ratio $809 2% 2% 62.3% 380 bps 240 bps 1 Based on Total Net Income for publicly traded banks in Canada for the 3 months ended January 31, 2023; 2 Refer to page 54 of the Management's Discussion & Analysis in the Bank's Second Quarter 2023 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto; 3 Attributable to equity holders of the bank; 4 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; 5 Pre-Tax, Pre- Provision Profit defined as revenues less expenses. See non-GAAP reconciliations beginning on slide 83 37

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