Investor Presentaiton

Executing our strategy to drive greater growth, profitability and strength Steady growth in customers, volumes and revenue ▸ Activity remained robust supported by larger customer base (+8mn) ▸ Accelerating revenue growth. NII +5% QoQ Volumes¹ +6% NII + Fee income¹ ▸ Favourable FX impact. In euros, volumes +10% and NII + Fees +15% +8% Increased profitability ► Q3'22 profit of €2.4bn after -€181mn from payment holidays in Poland ▸ 9M'22 attributable profit: €7.3bn (+25%; +14% in constant euros) EPS +31% ROTE 13.6% Strength improvements ▸ Credit quality remains robust. New LLPs to cover macro uncertainties ▸ Continued net organic capital generation: 26bps in the quarter COR 0.86% FL CET1 12.10% Shareholder value creation ► Interim distribution: €5.83 cents cash DPS and €979mn share buyback Cash DPS +20% ▸ TNAVps increased to €4.31 TNAVps + Cash DPS +11% Santander Note: YoY changes. EPS and ROTE as of 9M'22. (1) In constant euros. 45

View entire presentation