International Banking and Canadian Economy Overview

Increasing Scale, Improving Focus, Lowering Risk¹ Gaining scale in key markets to drive earnings growth, improve earnings quality and reduce risk Reducing Risk Profile Gaining Market Share (Total Loans) 54 countries 33 countries 0 2 4 6 8 10 12 14 16 18 20% Canada Mexico Chile 2013 2019 Exited 21 countries since 2013 with either small scale, higher operational risk, or low returns, including: . • . Middle East: Turkey, Egypt, UAE Asia: Thailand, Vietnam, Taiwan Central America: Guatemala, El Salvador Caribbean: Haiti, Puerto Rico, USVI, and 9 of the Leeward Islands Europe: Russia, France Capital has been mainly redeployed into Canada and the Pacific Alliance countries and through share buyback program Exited 11 non-core businesses including: Pension benefits and administration businesses (Dominican Republic, Colombia) and lease finance (Canada) Reduced wholesale funding (% of assets) from >29% in 2014 to 23% today Peru Colombia Improving Earnings Quality $ Increased Wealth Management assets under management by 44% to $297B Targeting Wealth Management earnings contribution to All- Bank earnings of 15% over the medium-term Establishing Global Wealth Management as a standalone reporting division in Q1/20 15-year period 2014-2019; 2 Q4 2017 to Q3 2019 Q3/14 Q3/19 Scotiabank. 11

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