2022-24 Strategic Plan Update

4 Q23 P&L AND BALANCE SHEET FY23 NII +54% yoy and in line with upgraded guidance with continued support from loan index resets NII GROWTH ЄM 4Qgod CaixaBank +54.3% QUARTERLY EVOLUTION, ЄM 2,740 2,749 +39.5% 10,113 2,442 2,182 1,970 yoy NII bridge qoq, EM 2,740 1,459 1,520 1,603 (4) +14 2,749 Client NII(2) ALCO & other(3) 6,553 FY22 FY23 +0.4% qoq 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 MARGINS EXPANSION WITH CONTINUED SUPPORT FROM LOAN YIELDS Customer spread, bps ...O...NIM, bps 358 352 YIELDS, BPS 320 286 218 182 163 166 318 375 423 447 234 Net loan yields 161 163 184 89 71 55 Client funds costs 32 175 177 143 157 0 16 113 83 85 90 34 48 65 -2 3 1 17 Client funds costs ex hedges and FX(1) 1Q22 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 3Q23 4Q23 Client NII: mostly reflects deposit beta(4) development (16% in 4Q23, vs. 13% in Q3, with 20% of deposits being remunerated (5), vs. 16% in Q3) partly offset by positive loan index resets ALCO (6) & other: positive contribution mainly driven by higher liquidity partly offset by end of MRR remuneration FY23 NII at €10.1 Bn in line with upgraded guidance (1) Costs of client funds of the Group excluding structural hedges, FX and international branch deposits of CaixaBank ex BPI. (2) Includes NII from insurance. (3) Interest income and expenses from the ALCO portfolio, institutional debt issued and interbank facilities (including impact from end of remuneration of MRR). (4) Deposit beta is based on the ECB Deposit Facility Rate ("DFR") and is calculated from when the current rate tightening cycle started in Sep. 2022 (i.e. once the DFR crossed the 0% threshold). It excludes the effect of structural hedges, FX and international branch deposits of CaixaBank ex BPI. (5) % of remunerated client deposits (excluding employees) over total deposit balances. (6) Refer to the Appendix for additional details on ALCO portfolio. 42

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