The Bank of Nova Scotia (BNS) investor relations material

Opening remarks and agenda

• Acknowledged Indigenous territories and highlighted ongoing reconciliation efforts, including operationalizing 11 of 37 Truth & Reconciliation Action Plan commitments in the past year.

• Emphasized accessibility, offering the meeting in both official languages, with sign language and closed captioning.

• Outlined procedures for voting and question submission, both in-person and online.

Financial performance review

• Achieved an adjusted return on equity of 12.5%, up nearly 200 basis points year-over-year, with a target of 14%+ by 2027, already reaching 13% in Q1.

• Net income rose 10% in 2025, driven by strong revenue growth and expense control.

• Repurchased 20 million shares over the past year, with plans to continue buybacks.

• Total shareholder return exceeded 35% in 2025.

• Deposits grew by CAD 67 billion since Q1 2023, with day-to-day deposits up 5% year-over-year.

Board and executive committee updates

• Established a new Technology Committee to oversee technology strategy, risk management, and innovation, with a focus on cybersecurity and ethical AI use.

• Welcomed Antonio Garza as a new director nominee, bringing expertise in U.S.-Mexico relations.

• Acknowledged outgoing director Daniel Callahan for his service.