Scotiabank Business Overview and Economic Outlook

Well-Diversified Business with Strong Returns Earnings by Business Line 1,2 Wealth Management 19% Global Wealth Management Earnings by Market1,2,4 Colombia Asia 1% Europe 1% Caribbean and 2% Central America C&CA Peru 3% 4% 19% Canadian Banking Personal & Commercial Chile 6% Mexico P&C Q1/21 Banking 6% 40% EARNINGS MIX 57% Global Wholesale Banking $2.3B³ U.S. 7% Q1/21 EARNINGS MIX Canada 24% Banking and Markets 24% $2.3B³ 70% Adjusted Return on Equity 1,2 by Business Line International Banking P&C 17% 21.6% 15.0% 14.9% 13.1% 11.6% 22.0% 17.9% 17.3% 14.4% 8.7% International Banking Global Wealth Management Global Banking and Markets All Bank 3-year average ROE Canadian Banking 1Net income attributable to equity holders for the 3 months ended January 31, 2021; 2 Adjusted for acquisition and divestiture-related amounts, impact of additional pessimistic scenario in ACLS, Derivative Valuation Adjustment, and impairment charge on software asset; 3 Excludes Other segment; 4 Earnings from Brazil and Other net to nil 6

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