Colombian Economy & Banking Sector Analysis

Earnings and Dividend Growth Strong track record of stable and predictable earnings and growing dividends Earnings per share (C$)1,2 $3.31 60 10 11 23 Dividend per share (C$) $1.96 +8% $7.14 CAGR 19 Total shareholder return³ Scotiabank ■Big 5 Peers (ex. Scotiabank) $2.87 1.0% 20YTD +6% CAGR 5 Year 3.5% 10.4% 10.1% 6.9% 5.1% 10 Year 20 Year $3.49 $1.80 09 10 11 12 13 14 15 16 17 18 19 20 YTD 1 Reflects adoption of IFRS in Fiscal 2011.2 Excludes notable items for years prior to 2016. For 2016 onwards, results adjusted for acquisition and divestiture-related amounts, impact of additional pessimistic scenario in ACLS, Derivative Valuation Adjustment, and impairment charge on software asset. 3 As of April 30, 2020 16

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