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Investor Presentaiton

The Madrid economy resumes its recovery in an uncertain global context 8 6420 -2 Gross domestic product Variation rates in real terms 3.43,0 3,6 2,3 3.02,0 -4 -6 -8 -10 -12 -14 2017 Source: IECM and INE • -10,3 -11,2 Gross Domestic Product Community of Madrid 8,0 6,5 6,4 5,75,8 7,0 6,7 6,3 5,7 6,0 5,0 4,0 5,0 3,0 2,4 2,3 2,0 1,0 0,0 1 2022 0,1 5,0 0,1 II 2022 III 2022 IV 2022 Quarter-on-quarter rate of change Year-on-year rate of change 2018 2019 2020 2021 2022 Source: IECM. Data adjusted for seasonality and calendar effect 2022 ■C. Madrid Spain In a context driven by inflation and uncertainty, the economy of Madrid maintained considerable momentum in 2022, mainly in the first six months, with the intensity of growth becoming more moderate in the second half of the year. Community of Madrid GDP: +5.7% 2022 vs 2021 (SPAIN: +5.8%) 7
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