1、2 0 2 2 A N N U A L R E P O R TLEA D IN G BANK I N T HE AM ER I C AS WHO WE AREGuided by our purpose “for every future”we help our customers,their families and their communities achieve success through a broad range of advice,products,and services,including personal and commercial banking,wealth man

2、agement and private banking,corporate and investment banking,and capital markets.REASONS TO INVEST Leading Bank in the Americas with over 90%of earnings from six diversified markets of Canada,the United States,and the Pacific Alliance Mexico,Peru,Chile,and Colombia High quality earnings with strong

3、growth and ROE potential Strong balance sheet,capital,and liquidity ratios supported by prudent risk management culture Attractive dividend yield with a 20-year CAGR of 9%Investment in technology to support digital banking strategy to increase digital sales and adoption Whats inside 1 CEOs Message t

4、o Shareholders 7 Chairs Message to Shareholders 8 Our Leadership Team 9 Board of Directors 10 Environment,Social&Governance 13 Managements Discussion and Analysis Highlights 14 Managements Discussion and Analysis 137 Consolidated Financial StatementsAdjusted 5Y CAGR=5.4%Reported 5Y CAGR=4.3%Adjusted

5、Reported5.05.56.06.57.07.58.08.5PERFORMANCE SNAPSHOT222120191817EARNINGS PER SHARE GROWTHDiluted,dollars per shareAdjusted$8.50Reported$8.02DIVIDEND GROWTHDollars per share$4.065Y CAGR=6%2.53.03.54.022212019181711.511.111.111.812.311.5STRONG CAPITAL POSITIONCET1 Capital Ratio%222120191817CEOS MESSAG

6、E TO SHAREHOLDERSBrian J.PorterPresident and Chief Executive OfficerDear fellow shareholders,This years letter is particularly meaningful,as it is my last as President and CEO of Scotiabank.After more than four decades as a Scotiabanker,I will be retiring from the Bank at the end of January 2023.It