Bank Of Nova Scotia · TSX:BNS
Bank Of Nova Scotia — Scotiabank (The Bank of Nova Scotia) — Q2 2025 Earnings Presentation
69 slides from Bank Of Nova Scotia's earnings presentation, May 27, 2025
Slide 1: Investor Presentation
Investor Presentation May 27, 2025
Slide 2: Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements FORWARD LOOKING STATEMENTS - From time to time, our public communications include interpretations on these estimates; global capital markets activity; the Bank’s ability to attract, oral or written forward-looking statements. Statements of this type are i
Slide 3: Opening Remarks
Opening Remarks Scott Thomson President & CEO 3
Slide 4: Highlights: Executing on Our Plan
Highlights: Executing on Our Plan • Positive Adjusted1 Operating Leverage2 YTD • 8% growth of retail specialist • Reported: -12.8%, Adjusted1: +2.0% advisors YTD Grow and scale • Launched Signature banking in priority businesses offering and new HNW credit • Strong Capital Position card in Canada •
Slide 5: Q2/25 Overview
Q2/25 Overview Raj Viswanathan Group Head & CFO 5
Slide 6: Q2 2025 Financial Performance
Q2 2025 Financial Performance $MM, except EPS Q2/25 Y/Y Q/Q Y/Y HIGHLIGHTS Reported Net Income $2,032 (3%) 105% • Diluted EPS down 6%, adjusted1 down 4% Diluted EPS $1.48 (6%) 124% o Significantly higher performing PCLs Revenue $9,080 9% (3%) o PTPP1 up 9%; adjusted1 up 10% Expenses $5,110 8% (21%)
Slide 7: Strong Capital Position
Strong Capital Position Q/Q CHANGE IN CET1 RATIO (%)1 • The CET1 ratio increased by ~30 bps to 13.2% • Lower shortfall in provisions to expected losses from higher performing ACL • Net benefit from lower RWA was primarily from parameter updates 4 bps 3 bps 3 bps 13.2% 12.9% 12 bps 8 bps (2 bps) Q1 2
Slide 8: Canadian Banking
Canadian Banking $MM Q2/25 Y/Y Q/Q Y/Y HIGHLIGHTS Reported Net Income1 613 (31%) (33%) • Net Income down 31% o Significant performing PCLs; PTPP2 down 1% Revenue 3,235 2% (5%) • Revenue up 2% Expenses 1,581 4% (2%) o Net interest income up 2% Pre-Tax, Pre-Provision Profit2 1,654 (1%) (8%) o Non-inte
Slide 9: Global Wealth Management
Global Wealth Management $MM Q2/25 Y/Y Q/Q Y/Y HIGHLIGHTS Reported • Net Income up 17% Net Income1 $399 17% (2%) o Canadian earnings up 19% Revenue $1,541 12% (2%) o International Wealth Management up 7% Expenses $997 10% (2%) • Revenue up 12% Pre-Tax, Pre-Provision Profit2 $544 17% (2%) o Higher mu
Slide 10: Global Banking and Markets
Global Banking and Markets $MM Q2/25 Y/Y Q/Q Y/Y HIGHLIGHTS Reported Net Income1 413 10% (20%) • Net Income up 10% • Revenue up 18% Revenue 1,458 18% (9%) o Capital Markets up 28% Expenses 878 15% (1%) o Business Banking up 10% Pre-Tax, Pre-Provision Profit2 580 23% (17%) • Expenses up 15% o Higher
Slide 11: International Banking
International Banking Constant dollar basis2 Y/Y HIGHLIGHTS (CONSTANT DOLLAR) $MM Q2/25 Y/Y Q/Q Y/Y Q/Q Reported • Revenue in line Net Income1 676 6% 4% 5% 2% o Net interest income down 4% driven by business mix Revenue 2,959 0% (2%) 0% (4%) o Non-interest income up 12% driven by capital markets Exp
Slide 12: Other
Other REPORTED NET LOSS1 ($MM) HIGHLIGHTS • Reported net loss this quarter of $125 million (125) • Adjusted2 net loss improved $97 million Q/Q due to (182) higher revenue from: (465) o NII improvement of $147 million from benefit of (619) lower rates o KeyCorp contribution (1,341) Q2/24 Q3/24 Q4/24
Slide 13: Risk Review
Risk Review Phil Thomas Group Head & Chief Risk Officer 13
Slide 14: Allowance for Credit Losses
Allowance for Credit Losses TOTAL ACLS1 ($MM) AND ACL RATIO2 HIGHLIGHTS 91 bps 95 bps 88 bps 89 bps 88 bps • Total ACL ratio of 95 bps, up 4 bps Q/Q 7,080 7,276 6,768 6,860 6,736 o Performing allowances were $5.1 billion, up 2,201 $185 million Q/Q (+$269 million ex. F/X), 2,034 2,076 2,054 2,190 mai
Slide 15: Provision for Credit Losses
Provision for Credit Losses $MM Q/Q HIGHLIGHTS $MM Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 All-Bank Impaired 975 970 1,043 1,064 1,052 • Total PCL ratio of 75 bps, up 15 bp Q/Q: Performing 32 82 (13) 98 346 o Performing provisions (18 bps); continued Total 1,007 1,052 1,030 1,162 1,398 unfavourable macroecono
Slide 16: Gross Impaired Loans and Net Write-offs
Gross Impaired Loans and Net Write-offs GILS ($MM) AND GIL RATIO1 HIGHLIGHTS • GILs decreased Q/Q by $215 million due mainly to lower 83 bps 84 bps 88 bps 91 bps 90 bps formations across most portfolios, write-off of one account in GBM along with the impact of foreign currency translation 7,064 6,84
Slide 17: Appendix
1 2 Appendix 3 4 5 17
Slide 18: Net Income and Adjusted Diluted EPS
Net Income and Adjusted Diluted EPS1 Net Income ($MM) and EPS ($ per share) Reported View Q2/24 Q1/25 Q2/25 Net Income Attributable to Common Shareholders Net Income attributable to common shareholders 1,943 1,025 1,841 Dilutive impact of share-based payment options and others2 (15) (196) - Net Inco
Slide 19: Strong Balance Sheet Metrics
Strong Balance Sheet Metrics $Bn (unless indicated otherwise) Q2/24 Q1/25 Q2/25 Y/Y Capital Metrics CET1 Ratio1 13.2% 12.9% 13.2% - 1 Tier 1 Capital Ratio 15.2% 15.1% 15.4% 20 bps 1 Total Capital Ratio 17.1% 16.8% 17.1% - TLAC Ratio2 28.9% 28.8% 30.3% 140 bps 3 Leverage Ratio 4.4% 4.4% 4.5% 10 bps 2
Slide 20: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin NET INTEREST MARGIN (NIM)1 HIGHLIGHTS • Net interest income (NII) 8 bps 231 bps • Q/Q: up 2%, from higher NIM and positive FX impact, partly 223 bps 2 bps offset by 3 fewer days in the quarter • Y/Y: up 12%, from higher NIM and loan growth (2 bps) • NIM •
Slide 21: Risk Adjusted Margin and NIM
Risk Adjusted Margin and NIM RISK ADJUSTED MARGIN (RAM)1 NET INTEREST MARGIN (NIM)1 4.46% 4.41% 4.42% 4.40% 4.50% 3.35% 3.31% 3.23% 3.26% 3.18% 2.41% 2.36% 2.32% 2.31% 2.00% 1.96% 1.93% 2.31% 1.84% 1.72% 2.27% 2.17% 2.14% 2.15% 2.23% 1.75% 1.54% 1.72% 1.69% 1.72% Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q2/24
Slide 22: Interest Rate Sensitivity and Outlook
Interest Rate Sensitivity and Outlook NET INTEREST INCOME SENSITIVITY1 POLICY RATE CHANGE AND OUTLOOK POLICY RATE CHANGE AND OUTLOOK • Impact of an immediate and sustained 100 bps Policy Rate Change by BNS Fiscal Quarters (bps) Current Forecast Policy Rate3 parallel shift on net interest income (NII
Slide 23: KeyCorp Earnings Contribution
KeyCorp Earnings Contribution $MM Q2/25 Q1/25 Financial Statement Line BNS share of KeyCorp Earnings1 78 30 Income from Investments in Associate Purchase Accounting Impact, pre-tax2 24 10 Income from Investments in Associate Equity pick-up, pre-tax 102 40 Income from Investments in Associate Taxes o
Slide 24: Economic Outlook in Core Markets
Economic Outlook in Core Markets REAL GDP (ANNUAL % CHANGE) Forecast1 2010-20 - 2025 2026 Country 2022 2023 2024 Average Full Full Q1E Q2F Q3F Q4F Q1F Q2F Q3F Q4F Year Year Canada 1.6 4.2 1.5 1.5 2.3 1.8 1.4 0.9 1.6 0.8 0.7 0.7 0.8 0.7 U.S. 2.0 2.5 2.9 2.8 2.1 1.2 0.6 0.0 0.9 0.3 0.3 0.5 1.1 0.6 Mex
Slide 25: Digital Progress
Digital Progress DIGITAL PROGRESS CANADIAN BANKING Canadian Banking D I G I T A L U N I T A C T I V E D I G I T A L D I G I T A L A C T I V E M O B I L E S A L E S ( % ) U S E R S ( M M ) A D O P T I O N ( % ) U S E R S ( M M ) • New automated digital savings tools launched within the Scotia Smart M
Slide 26: Revenue Growth
Revenue Growth CANADIAN BANKING1 INTERNATIONAL BANKING1 in $MM in $MM Constant Dollar Basis2: 0% Y/Y +2% Reported (0%) 3,184 3,412 3,235 2,960 3,030 2,959 766 932 839 10% 610 677 649 6% 2,419 2,480 2,395 (1%) 2,350 2,353 2,310 (2%) Q2/24 Q1/25 Q2/25 Q2/24 Q1/25 Q2/25 Retail Banking Business Banking
Slide 27: Non-Interest Expense
Non-Interest Expense NON-INTEREST EXPENSE HIGHLIGHTS $MM Q2/25 Y/Y Q/Q Y/Y Salaries and Benefits 1,958 8% 1% • Reported expenses up $399 million (up 8%) Performance-based Compensation 598 4% (2%) • Adjusted1 expenses up $374 million (up 8%) Share-based Compensation 85 32% (47%) o Higher technology a
Slide 28: Average Loans by Business Line
Average Loans by Business Line GLOBAL BANKING AND CANADIAN BANKING1 INTERNATIONAL BANKING1 MARKETS in $Bn in $Bn in $Bn Constant Dollar Basis2: (3%) Y/Y 4% Reported (2%) 457 459 171 442 168 168 (16%) 94 93 92 9 9 9 90 85 74 86 74 74 9 8 9 19 20 20 115 268 279 283 103 96 54 54 55 Q2/24 Q1/25 Q2/25 Q2
Slide 29: Average Business Banking Loans
Average Business Banking Loans CANADIAN BANKING INTERNATIONAL BANKING GLOBAL BANKING AND COMMERCIAL3 COMMERCIAL & CORPORATE MARKETS in $Bn In $Bn Constant Dollar Basis1: (9%) Y/Y in $Bn 1% Reported (6%) (16%) 94 95 94 93 92 90 89 86 86 85 115 109 101 103 23 96 24 +1% 22 24 58 59 60 60 59 55 22 (4%)
Slide 30: Strong Deposit Growth
Strong Deposit Growth AVERAGE DEPOSITS BY SEGMENT6 Q2/25 AVERAGE DEPOSIT MIX in $Bn CB IB GBM GWM Notice - Term - 2 3 Business Business 727 732 706 705 9% 18% 682 Demand-1 624 591 Personal 2% 367 362 381 379 340 308 294 Notice - Demand - $732Bn 2 Personal Business 1 125 130 135 127 130 20% 104 107 3
Slide 31: Macroeconomic Scenarios
Macroeconomic Scenarios SELECT MACROECONOMIC VARIABLES USED TO ESTIMATE EXPECTED CREDIT LOSSES Alternative Scenario – Alternative Scenario – Alternative Scenario – Next 12 Months Base Case Scenario Optimistic Pessimistic Very Pessimistic Q2/25 Q1/25 Q2/25 Q1/25 Q2/25 Q1/25 Q2/25 Q1/25 Canada Real GD
Slide 32: Macroeconomic Scenarios
Macroeconomic Scenarios The following charts provide a quarterly breakdown of key macroeconomic variables used for our base case scenarios to calculate the modelled estimate for the allowance for credit losses. CANADA REAL GDP U.S. REAL GDP 2.9 28.0 CAD, trillions (ch. $2017) USD, trillions (ch. $20
Slide 33: Commercial Real Estate
Commercial Real Estate Portfolio comprised of Commercial Real Estate, and Contractor loans which include Engineering & Project Management and Trade Contractors SPOT LOANS OUTSTANDING1 HIGHLIGHTS Q2/24 Q1/25 Q2/25 Total Portfolio: $62.3Bn • Portfolio represents 8.2% of the Bank’s total loans and Y/Y:
Slide 34: Canadian Retail: Loans and Provisions
Canadian Retail: Loans and Provisions 1 MORTGAGES AUTO LOANS 15 179 10 152 153 158 143 135 106 6 83 5 6 4 141 3 144 150 2 111 114 89 104 76 3 4 1 3 4 4 1 1 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 LINES OF CREDIT CREDIT CARDS 855 167 171 137 559
Slide 35: Canadian Residential Mortgages
Canadian Residential Mortgages Asset yields on variable rate mortgages reprice with each change to Scotiabank’s prime rate MORTGAGE PORTFOLIO1 in $Bn (Spot) 23% 33% in $Bn (Spot) Mortgage Portfolio Variable Mortgages Insured Variable Total Outstanding Balance $305 $100 Uninsured Outstanding Balance
Slide 36: Canadian Residential Mortgages
Canadian Residential Mortgages MORTGAGE PORTFOLIO1 in $Bn (Spot) Freehold Condos 83% ($253Bn) Freehold 169.9 25.6 61.8 Total 144.3 19.3 32.2 20.2 11.8 9.5 Portfolio1 42.5 3.9 3.1 0.3 0.7 28.3 $305Bn Ontario BC & Territories Alberta 17.1 Quebec 11.5 Atlantic 8.8 Manitoba & Provinces Saskatchewan 17%
Slide 37: International Retail: Loans and Provisions
International Retail: Loans and Provisions CARIBBEAN AND MEXICO CHILE CENTRAL AMERICA 231 201 224 151 175 188 188 187 136 136 139 MARKETS 185 201 175 162 121 124 122 WITH 148 155 137 132 128 129 196 GREATER 168 182 174 166 146 160 WEIGHTING 154 168 148 105 101 114 117 118 128 128 94 124 107 109 83 T
Slide 38: Retail 90+ Days Past Due Loans
Retail 90+ Days Past Due Loans1 Canada Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Mortgages 0.14% 0.16% 0.20% 0.19% 0.20% 0.23% 0.24% 0.24% Personal Loans 0.63% 0.69% 0.55% 0.50% 0.50% 0.51% 0.57% 0.51% Credit Cards 0.61% 0.70% 0.79% 0.79% 0.74% 0.86% 1.10% 1.13% Secured and 0.22% 0.29% 0.33% 0
Slide 39: Trading Revenue and VaR
Trading Revenue and VaR1 NO TRADING LOSS DAY (Q2/25) Average Total VaR: Q2/25: $ 14.1 MM Q1/25: $ 17.1 MM Q2/24: $ 18.0 MM 3-months ending Apr 30, 2025 (in millions) 50 40 30 20 10 0 -10 -20 -30 Trading Revenue Total VaR 1. Refer to Glossary from pages 67 to 68 for the description of the measurer th
Slide 40: International Banking: Mexico and Chile
International Banking: Mexico and Chile1 MEXICO CHILE $MM , Reported Constant Dollar2 $MM , Reported Constant Dollar2 Q2/25 Y/Y Q/Q Y/Y Q/Q Q2/25 Y/Y Q/Q Y/Y Q/Q Revenue 760 (7%) 1% 4% 1% Revenue 651 10% 7% 4% 3% Expenses 401 (11%) 1% 0% 1% Expenses 286 7% 1% 2% (1%) Provision for credit losses 145
Slide 41: International Banking: Peru and Colombia
International Banking: Peru and Colombia1 PERU COLOMBIA $MM , Reported Constant Dollar2 $MM , Reported Constant Dollar2 Q2/25 Y/Y Q/Q Y/Y Q/Q Q2/25 Y/Y Q/Q Y/Y Q/Q Revenue 422 0% (16%) (6%) (17%) Revenue 285 (3%) 3% (1%) (1%) Expenses 194 0% (5%) (5%) (6%) Expenses 178 (11%) (4%) (9%) (8%) Provision
Slide 42: International Banking: Caribbean and Central America
International Banking: Caribbean and Central America1 CARIBBEAN CENTRAL AMERICA $MM , Reported Constant Dollar2 $MM , Reported Constant Dollar2 Q2/25 Y/Y Q/Q Y/Y Q/Q Q2/25 Y/Y Q/Q Y/Y Q/Q Revenue 543 6% (5%) 3% (4%) Revenue 106 7% (2%) 2% (2%) Expenses 280 9% (4%) 6% (4%) Expenses 76 (0%) (8%) (5%)
Slide 43: Impact of Foreign Currency Translation
Impact of Foreign Currency Translation The table below reflects the estimated impact of foreign currency translation on key income statement items and is computed on a basis that is different than the “Constant dollar” table in Non-GAAP Measures on page 54 and 55. Average Exchange Rate Q2/25 Q1/25 Q
Slide 44: Non-GAAP Measures
1 2 Non-GAAP Measures 3 4 5 44
Slide 45: Non-GAAP Measures
Non-GAAP Measures The Bank uses a number of financial measures and ratios to assess its performance, as well as the performance of its operating segments. Some of these financial measures and ratios are presented on a non-GAAP basis and are not calculated in accordance with Generally Accepted Accoun
Slide 46: Non-GAAP Measures
Non-GAAP Measures NON-GAAP DEFINITIONS (CONT’D) Net interest margin is a non-GAAP ratio that is used to measure the return generated by the Bank’s core earning assets, net of the cost of funding. Pages 56, Net interest margin (NIM) Net interest margin is calculated as core net interest income divide
Slide 47: Non-GAAP – Adjusted Results and Diluted EPS
Non-GAAP – Adjusted Results and Diluted EPS $MM (unless indicated otherwise) Q2/25 Q1/25 Q2/24 Reported Results Total revenue 9,080 9,372 8,347 Provision for credit losses 1,398 1,162 1,007 Non-interest expenses 5,110 6,491 4,711 Income tax expense 540 726 537 Net income 2,032 993 2,092 Net income a
Slide 48: Non-GAAP – Business Line Earnings
Non-GAAP – Business Line Earnings Three months ending April 30, 2025 Three months ending January 31, 2025 Global Global Global Global Canadian International Canadian International $MM (unless indicated otherwise) Wealth Banking and Other Total Wealth Banking and Other Total Banking Banking Banking B
Slide 49: Non-GAAP – Business Line Earnings
Non-GAAP – Business Line Earnings Three months ending April 30, 2024 Global Global Canadian International $MM (unless indicated otherwise) Wealth Banking and Other Total Banking Banking Management Markets Reported Results Total revenue 3,184 2,960 1,371 1,232 (400) 8,347 Provision for credit losses
Slide 50: Non-GAAP – Adjusted Results and Diluted EPS
Non-GAAP – Adjusted Results and Diluted EPS Footnotes 1. These costs relate to the amortization of intangible assets recognized upon the acquisition of businesses, excluding software. These costs are recorded in non- interest expenses - depreciation and amortization for the Canadian Banking, Interna
Slide 51: Non-GAAP – Other Segment Adjusted Earnings
Non-GAAP – Other Segment Adjusted Earnings $MM Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Reported NIAEH (182) (465) (619) (1,341) (125) Divestitures and wind-down of operations1 - 90 - 1,355 20 2 Amortization of acquisition-related intangible assets - - - - 9 Restructuring charge and severance provisions3 - - 3
Slide 52: Non-GAAP – Business Line Return on Equity
Non-GAAP – Business Line Return on Equity International Global Wealth Global Banking Total Reported $MM (unless otherwise stated) Canadian Banking Other Total Banking Management and Markets (Adjusted) For the three months ended April 30, 2025 Net income attributable to common shareholders 613 676 39
Slide 53: Non-GAAP – Return on Tangible Common Equity
Non-GAAP – Return on Tangible Common Equity For the three months ended ($ millions) Q2/25 Q1/25 Q2/24 Reported Average common equity – Reported1 74,625 74,077 70,277 Average goodwill1,2 (9,962) (9,539) (9,065) Average acquisition-related intangibles (net of deferred tax)1 (3,586) (3,597) (3,635) Ave
Slide 54: Non-GAAP – International Banking Constant Dollar Basis
Non-GAAP – International Banking Constant Dollar Basis Reported Results For the three months ended ($MM) January 31, 2025 April 30, 2024 Foreign Constant Foreign Constant (Taxable equivalent basis) Reported exchange dollar Reported exchange dollar Net interest income $ 2,169 $ (34) $ 2,203 $ 2,254 $
Slide 55: Non-GAAP – International Banking Constant Dollar Basis
Non-GAAP – International Banking Constant Dollar Basis Reported Results For the three months ended ($MM) October 31, 2024 July 31, 2024 Foreign Constant Foreign Constant (Taxable equivalent basis) Reported exchange dollar Reported exchange dollar Net interest income $ 2,147 $ (64)$ 2,211$ 2,226 $ 6$
Slide 56: Non-GAAP - Net Interest Margin and Risk Adjusted Margin
Non-GAAP - Net Interest Margin and Risk Adjusted Margin $MM (unless specified otherwise) All-Bank Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 1 Average total assets 1,411,181 1,422,740 1,418,795 1,460,615 1,468,310 Less: Non-earning assets 108,405 105,539 106,621 115,155 118,403 Average total earning assets1 1,30
Slide 57: Non-GAAP - Net Interest Margin and Risk Adjusted Margin
Non-GAAP - Net Interest Margin and Risk Adjusted Margin $MM (unless specified otherwise) International Banking Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Average total assets1 234,305 232,609 223,525 228,877 229,118 Less: Non-earning assets 16,554 15,326 14,973 14,883 13,917 Average total earning assets1 217,751
Slide 58: Non-GAAP – All Bank Loan to Deposit Ratio
Non-GAAP – All Bank Loan to Deposit Ratio $Bn (unless indicated otherwise) Q2/24 Q1/25 Q2/25 Avg Loans & Acceptances Loans 744 765 760 Acceptances 14 - - Total 757 766 760 Avg Deposits Deposits from customers 902 920 924 Deposits from banks 49 47 43 Total Deposits 951 967 968 Less: Group Treasury Wh
Slide 59: Non-GAAP - International Banking
Non-GAAP - International Banking $Bn Reported Basis Reported Basis (Constant FX) International Business Banking Loans Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Investment Grade 35 33 32 31 30 36 34 33 32 30 Non-Investment Grade 55 56 54 55 54 57 57 56 55 54 $Bn Reported Basis Const
Slide 60: Non-GAAP - Mexico
Non-GAAP - Mexico $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q2/24 Q1/25 Q2/25 Q2/24 Q1/25 Q2/25 Revenue 816 751 760 729 756 760 Expenses 448 395 401 400 398 401 Provision for Credit Losses 81 128 145 72 129 145 NIAEH 207 162 155 185 164 155 $MM (unless otherwise sp
Slide 61: Non-GAAP - Chile
Non-GAAP - Chile $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q2/24 Q1/25 Q2/25 Q2/24 Q1/25 Q2/25 Revenue 590 608 651 627 630 651 Expenses 266 281 286 280 289 286 Provision for Credit Losses 153 192 168 162 199 168 NIAEH 137 109 172 148 115 172 $MM (unless otherwise s
Slide 62: Non-GAAP - Peru
Non-GAAP - Peru $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q2/24 Q1/25 Q2/25 Q2/24 Q1/25 Q2/25 Revenue 424 500 422 451 508 422 Expenses 194 204 194 205 207 194 Provision for Credit Losses 128 112 80 138 114 80 NIAEH 80 148 145 86 151 145 $MM (unless otherwise specif
Slide 63: Non-GAAP - Colombia
Non-GAAP - Colombia $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Q2/24 Q1/25 Q2/25 Q2/24 Q1/25 Q2/25 Revenue 295 278 285 288 288 285 Expenses 199 186 178 194 193 178 Provision for Credit Losses 153 107 94 150 112 94 NIAEH (26) (6) 5 (25) (6) 5 $MM (unless otherwise sp
Slide 64: Non-GAAP - Caribbean
Non-GAAP - Caribbean $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Pre--tax, pre--provision profit Q2/24 Q1/25 Q2/25 Q2/24 Q1/25 Q2/25 Revenue 511 569 543 529 567 543 Expenses 257 292 280 263 292 280 Provision for Credit Losses 28 34 31 28 34 31 NIAEH 158 149 144 167 1
Slide 65: Non-GAAP – Central America
Non-GAAP – Central America $MM (unless otherwise specified) Reported Basis Reported Basis (Constant FX) Pre--tax, pre--provision profit Q2/24 Q1/25 Q2/25 Q2/24 Q1/25 Q2/25 Revenue 99 108 106 104 108 106 Expenses 76 83 76 80 83 76 Provision for Credit Losses 6 14 15 7 14 15 NIAEH 11 9 10 12 9 10 $MM
Slide 66: Non-GAAP – International Banking Return on Tangible Common Equity
Non-GAAP – International Banking Return on Tangible Common Equity Average Tangible Common Equity Attributed Capital Total Central Goodwill & Total International $MM Mexico Peru Chile Colombia Caribbean Other International America Intangibles Banking Banking Q2/25 3,914 2,170 4,432 847 1,942 786 1,17
Slide 67: Glossary: Other Financial Measures
1 2 Glossary: Other Financial Measures 3 4 5 67
Slide 68: Glossary – Other Financial Measures
Glossary – Other Financial Measures The ratio of period end total allowance for credit losses (excluding debt securities and deposits with financial institutions) divided by gross Allowance for Credit Losses (ACL) Ratio loans and acceptances. Assets administered by the Bank which are beneficially ow
Slide 69: Investor Relations Contacts
Meny Grauman, Senior Vice-President meny.grauman@scotiabank.com Investor Rebecca Hoang, Vice President Relations rebecca.hoang@scotiabank.com Contacts 69
Scotiabank (The Bank of Nova Scotia) — Q2 2025 Earnings Presentation on 6ix