Investor Fact Sheet – Scotiabank Q2 2021

Our Business Four Business Lines1,2,3,4 Scotiabank is a leading bank in the Americas and the only bank with operations in Canada, US and the Pacific Alliance countries. 41% Canadian Guided by our purpose: “for every future”, we help our customers, Banking YTD their families and their communities achieve success through a 18% Business Line International broad range of advice, products and services, including personal Earnings Banking and commercial banking, wealth management and private 23% $4.5B banking, corporate and investment banking, and capital markets. Global Banking TSX: BNS; NYSE: BNS and Markets 18% Global Wealth http://www.scotiabank.com Management Follow us on Twitter @ScotiabankViews. Other Financial Information

5 Reasons to Invest in Scotiabank Pre-Tax, Pre Provision Profit $3,720 million (+2% Y/Y) Total Assets6 $1,125 billion Leading bank in the Americas • Net Loans and Acceptances6 $623 billion Top 3 bank in Canada and top 5 bank in the Pacific Alliance o Deposits6 $757 billion o >95% of earnings from the Americas Employees6,7 ~90,000 • Diversified exposure to high quality growth markets Branches and Offices6 2,569 o Unique Americas footprint provides diversified exposure to higher growth, high ROE banking markets ABMs6 8,695 o 229 million people in the Pacific Alliance countries comprise the 6th largest economy in the world Medium-term Financial Objectives • Increasing scale and market share in core markets Q2 2021 Actual 2021 YTD Actual o Competitive scale and increasing market share in core markets EPS Growth 7%+ +83%2,5 +32%2,4 o Competitive advantages in technology, risk management, and funding versus competitors Return on 14%+ 14.9%2,5 14.6%2,4 • Strong risk culture: solid credit quality, well provisioned Equity Strong Canadian risk management culture with strong Operating o Positive +3.7%2,5 +3.4%2,4 capabilities in AML and cybersecurity Leverage Focus on secured and investment-grade lending o Capital Level Strong Levels 12.3%6 12.3%6 o $6.9 billion in total allowance for credit losses as of Q2/21 • Acceleration in Digital Banking Senior Debt Credit Ratings6 Increased Digital Adoption to 54% in Q2/21 Legacy Senior Bail-inable o Agency Outlook o Enhanced All-Bank Digital metrics to include Active Digital Debt* Debt** Users, Active Mobile Users, and Self-Serve Transactions in DBRS AA AA (low) Stable Q1/21 Fitch AA AA- Negative o Named “Best Bank in North America for Innovation in Digital Banking” (2020) Moody’s Aa2 A2 Stable o #1 ranking for “Online Banking Satisfaction” - J.D. Power 2020 S&P A+ A- Stable *Includes: (a) Senior debt issued prior to September 23, 2018; and (b) Senior debt issued on or after September 23, 2018 which is excluded from the bank recapitalization "bail-in" regime. **Subject to conversion under the bank recapitalization "bail-in" regime.

Shareholder Information • Upcoming Events August 24, 2021 Q3 2021 Results • Share Price (TSX): November 1/20 – April 30/21 November 30, 2021 Q4 2021 Results High $80.16 Closing Price $78.27 February 22 2022 Q1 2022 Results Low $68.29 52 week high $80.16 May 31, 2022 Q2 2022 Results Market Common Shares $95 billion 1,214 million Capitalization6 Outstanding6 • Dividend Dates Record Date Payment Date Total Shareholder Return8 April 6, 2021 April 28, 2021 11.8% July 6, 2021 July 28, 2021 8.6% 7.8% October 5, 2021 October 27, 2021 January 4, 2022 January 27, 2022

5-Year 10-Years 20-Years www.scotiabank.com | Investor Relations Investor Fact Sheet – Scotiabank Q2 2021

Annual Diluted EPS Growth9 Annual Dividend Growth

2009-2019 CAGR: +8.0% +6% $3.60 2010-2020 CAGR: +3.2% CAGR

$5.36 $1.96 $1.80 $3.31 $3.78 2011 2011 YTD 2015 2013 2012 2021 2015 2017 2013 2012 2017 2014 2018 2014 2018 2016 2019 2016 2019 2010 2010 2020 2020 2009 2009 Q1/21 Technology and Digital Banking • Technology includes our efforts in digital, core technology infrastructure and data and analytics. Our 2020 investment of $3.7 billion is focused on driving growth, providing a better customer experience, improving efficiency and helping to manage risk better. We have fully operational Digital Factories in Toronto, Mexico, Peru, Chile and Colombia. All 5 countries continue to make good progress against our digital targets. • In Q1/21, we enhanced All-Bank Digital metrics to include Active Digital Users, Active Mobile Users and Self-Serve Transactions +8% Digital Adoption (%)10 7,524 7,676 6,316 7,099 +700 bps 5,276 Active Digital Users (#’000)11 +45% 50% 54% 43% 47% 36% 2018 2019 2020 Q2/20 Q2/21 +1,800 bps +17%

2018 2019 2020 Q2/20 Q2/21 5,903 5,306 6,221 Active Mobile 3,559 4,513 Users 11,12 Digital Sales (%) (#’000) +75% 2018 2019 2020 Q2/20 Q2/21 +800 bps

42% +500 bps 36% 34% 28% 22% 76% 80% 89% 84% 89% Self-Serve

+2,000 bps Transactions +1,300 bps (%)11,13 2018 2019 2020 Q2/20 Q2/21 2018 2019 2020 Q2/20 Q2/21

Definitions Digital Sales (% of retail unit sales using Digital platforms) Digital Adoption targets (% of customers with Digital login (90 days) / Total addressable Customer Base) Digital Users: # of customers who logged into website and/or mobile in the last 90 days Mobile Users: # of customers who logged into mobile in the last 90 days Self-serve Transactions: % of Financial transactions through Digital, ABM, IVR, POS www.scotiabank.com | Investor Relations Investor Fact Sheet – Business Lines Q2 2021 Canadian Banking Our Business Medium-term Financial Objectives Canadian Banking provides a full suite of financial advice and Target14 banking solutions, supported by an excellent customer experience, 3 to over 11 million Retail, Small Business, and Commercial Banking Net Income Growth 5%+ customers. Canadian Banking also provides an alternative self- Productivity Ratio15 <44% directed banking solution to over 2 million Tangerine Bank 15 customers. Operating Leverage Positive

Business Mix5,15 Average Loan Mix5 Return on Equity2,3

33% 2% Business Credit 63% Cards Banking Residential 25.9% 23.3% Mortgages 22.8% Revenue Avg Loans 9% 15.5% $2.6B Other $370B Personal

67% 12% 14% Retail Auto 2018 2019 2020 2021 YTD Loans Business Loans International Banking Our Business Medium-term Financial Objectives The International Banking division has a strong and diverse franchise with more than 10 million Retail, Corporate, and Target14 Commercial customers. International Banking’s geographical Net Income Growth3 9%+ footprint focused on the Pacific Alliance countries of Mexico, Peru, Chile and Colombia, and supported by solid, mature and profitable Productivity Ratio15 <50% business in Central America and the Caribbean. Operating Leverage15 Positive

Geographic Revenue5,15 Average Loan Mix5 Return on Equity2,3 54% 77% Latin Business America Loans 2% Auto 15.0% 14.1% 2% 28% Avg Loans Asia Revenue Mexico 5% 21% Credit $142B 9.4% $2.4B Peru Cards 5.8%

Latin 12% America Personal 27% 21% 7% Loans Residential 2018 2019 2020 2021 YTD Others Caribbean & Mortgages Central America 26% Chile 13% Colombia

www.scotiabank.com | Investor Relations Investor Fact Sheet – Business Lines Q2 2021 Global Wealth Management

Our Business Medium-term Financial Objectives

Global Wealth Management is focused on delivering Target14 comprehensive wealth management advice and solutions to 3 clients across Scotiabank’s footprint. Global Wealth Management Net Income Growth 8%+ serves over 1.5 million investment fund and advisory clients Productivity Ratio15 <65% across 14 countries – managing over $500 billion in assets. Operating Leverage15 Positive

AUM/AUA ($B)6 Geographic Revenue5,15 Return on Equity2,3

11% 19% 12% 17.7% 17.3% 14.0% AUM AUA Revenue 13.2% $332B $571B $1.3B

88% 81% 89% 2018 2019 2020 2021 YTD

International Canada Global Banking and Markets Our Business Revenue by Business Line (TEB, $MM)5,15,16 30% Global Banking and Markets (GBM) provides corporate clients FICC with lending and transaction services, investment banking 49% advice and access to capital markets. GBM is a full-service Business wholesale bank in the Americas, with operations in 21 countries, serving clients across Canada, the United States, Banking Revenue Latin America, Europe and Asia-Pacific. $1.3B

21% Global Equities

Geographic Revenue Assets by Geography5,16 Return on Equity2,3 (TEB, $MM)5,15,16 54% 7% 43% 17.3% Canada Canada 16.0% 15.4% Asia 13.3%

Avg Assets 5% Revenue $407B Asia $1.3B 15% Europe 35% 2018 2019 2020 2021 YTD 7% US Europe 34% US

www.scotiabank.com | Investor Relations Investor Fact Sheet – Pacific Alliance Q2 2021 PACIFIC ALLIANCE COUNTRIES

What is Pacific Alliance? Economy

The Pacific Alliance countries • PAC GDP & Income Level (or “PACs”) comprise of Mexico, PACs vs. Peru, Chile and Colombia. It is a PACs Total Canada regional trade bloc created in 2011 by the Canada four countries that seeks the free movement of 17 goods, services, capital and people. Proj. GDP Growth 3.6% 2.9% 1.2x

17 Scotiabank believes the Pacific Alliance region offers GDP World Rank 6th 16th 6th vs.16th excellent opportunities for growth with pro-business policies, favourable demographics, increasing banking • The World Bank18 categorizes countries’ Income Group into penetration, good economic growth, low consumer 4 levels: Low Income, Lower Middle Income, Upper Middle indebtedness and stable banking systems. Income and High Income • Chile is rated as High Income (same as Canada) and Mexico, Peru and Colombia as Upper Middle Income

Population • PAC Exports22 19 PACs Other EM G7 Canada Total Average Average 18 Population ~229MM ~38MM n.a. n.a. 1% 61% Agricultural Proj. Population Manufactured 20 0.8% 0.8% 0.6% 0.2% Growth 8% Goods 21 Other Median Age 30 years old 42 years old 33 years old 42 years old 8% • The aggregate population in the PACs is 6x the population in Fuels Canada and the projected population growth in the PACs outpaces Canada, other EM19 and G7 average in the next 5 years 11% Food Items 11% • The median age of population in the PACs is relatively young at 30, Ores & Metals providing favourable demographics for growth in banking services • Manufacturing is the largest source of exports for the PACs Government at 61%. Metals and Fuels represent 19% • Highlights: Mexico is the largest exporter of flat-screen TVs in the world, and the third-largest exporter of computers. Mexico Peru Chile Colombia Chile is the 5th largest exporter of wine in the world, ranking ahead of both the U.S. and New Zealand Francisco Andrés Manuel Sebastián Iván Duque President Sagasti López Obrador Piñera Márquez (Interim) • PAC Trading Partners22 Election Six-Year Five-Year Four-Year Four-Year 51% Cycle (2024) (2021) (2021) (2022) USA (Next) Financial Stability Sovereign Moody’s: Baa1 Moody’s: A3 Moody’s: A1 Moody’s: Baa2 Credit S&P: BBB S&P: BBB+ S&P: A+ S&P: BBB- 31% Rating Fitch: BBB- Fitch: BBB+ Fitch: A- Fitch: BBB- Other CB Inflation 1% Targeting 2001 2002 1999 1999 (Year of Brazil 11% adoption) 2% China Japan 2% 2% 18 Other EM G7 South Fiscal Data PACs Average 19 Canada Average Average Korea Debt/GDP 48% 78% 136% • The US, China and Canada are the PACs’ largest trading partners, representing 62% of all PAC exports Fiscal Deficit /GDP -5.0% -6.6% -10.3%

www.scotiabank.com | Investor Relations Investor Fact Sheet – Pacific Alliance Q2 2021 PACIFIC ALLIANCE COUNTRIES

Business Environment Scotiabank in the PAC HDI Score Rank22 Banking Foreign Direct • Key Financial Highlights Country Category Penetration18 Investment18 18 (Rank) (% of ages 15+) / % of GDP Total/ Average

High (74) 37% $37.7B / 2.3% Scotiabank Market 14% 8% 17% 5% 11% Share23 High (79) 43% $6.5B / 3.9% Market Share 4th 5th 3rd 6th n.a. Ranking23 Very High (43) 74% $7.3B / 4.2% Average Total $47.0 $30.2 $20.2 $11.0 $108.3 Loans5(C$B) High (83) 46% $11.5B / 4.4% Revenue25(C$B) $0.5 $0.5 $0.4 $0.3 $1.7 Very High (16) 100% $43.2B / 2.6% Net Income after NCI $147 $118 $73 $20 $358 (C$MM)2,25 Very High (17) 93% $261.5B / 1.6% ROE2,25 11% 16% 11% 7% 12% • The Human Development Index (HDI) ranks 189 countries with regards to the average achievement in key dimensions of human # of Employees5,7 7,840 9,796 10,238 6,271 34,145 development: a long and healthy life, being knowledgeable and have a decent standard of living. The countries are categorized into 4 levels22: Low, Medium, High, Very High • PTPP Composition 26% • Banking penetration levels indicated by account ownership at a Peru financial institution or with a mobile-money-service provider (% of population ages 15+)

1 Excludes Other segment 2 Adjusted for Acquisition and divestiture-related amounts 3 Adjusted net income attributable to equity holders of the Bank PTPP by 4 28% For the 6 months ended, April 30, 2021 2,25 5 For the 3 months ended, April 30, 2021 Mexico Country 6 As at April 30, 2021 7 Employees are reported on a full-time equivalent basis 34% 8 The compound annual return for a common share, which includes share price Chile appreciation and reinvested dividends as at April 30, 2020. Source: Thomson Reuters 9 Excludes notable items for years prior to 2016. For 2016 onwards, results adjusted for acquisition and divestiture-related costs including Day 1 PCL impact on acquired performing loans, integration and amortization costs related to current acquisitions and amortization of intangibles related to 13% current and past acquisitions Colombia 10 CB Digital Adoption definition updated to reflect new addressable customer base, excluding indirect-channel acquisitions 11 New Digital metric introduced in Q1/21 • Average Total Loans 12 2018 and 2019 use historical estimation based on available mobile user data for Colombia and Chile 19% 13 Prior periods from 2018 to 2020 have been restated in Q2/21 to align with current methodology 14 3-5 year target from 2020 Investor Day 28% Peru 15 Reflects adoption of new leases accounting standard, IFRS 16 Mexico 16 GBM LatAm revenue contribution and assets are reported in International Banking results 17 GDP growth: IMF, average of 2021-2025 projected growth rate (as of October 2020); GDP Rank: IMF October 2020 18 Source: World Bank; Debt/GDP: IMF; Fiscal Deficit: CEIC Data Loans by 19 EM countries include: Argentina, Brazil, China, Greece, India, Indonesia, Poland, South Africa, Turkey, 5 and Russia Country 20 Population growth: Population Estimates and Projections, World Bank Group, 2021-2025 average projected growth rate 21 Median Age: The World Factbook, CIA 2021 10% 22 Source: Scotiabank Economics, United Nations Conference on Trade and Development (UNCTAD) 2019; IMFDOT (2020) Colombia 23 Source: United Nations Development Programme (UNDP) 2020 43% 24 Ranking based on publicly traded banks by total loans market share, as of March, 2021; except Chile Colombia as of February, 2021 25 For the three months ended April 30, 2021, not adjusted for currency Contact Information Investor Relations Transfer Agent Sophia Saeed Rene Lo Mark Michalski Computershare Trust Co. of Canada 416-933-8869 416-866-6124 416-866-6905 T: 1-877-982-8767 F: 1-888-453-0330 [email protected] [email protected]