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Investor Presentaiton

Competitive advantages Sector Weights breakdown of Spanish regions Services Wholesale & Retail commerce. Information & CCAA Farming Industry Construction hospitality. vehicle repairs. Communication activities Finance & Insurance activities Real Estate activities Scientific activities and auxiliary Technical & Public Administration. Defense. Social Art. Culture and Security. Entertainement. Total Services Education. activities. transport. services Healthcare and storage. Social Services Andalusia 8% 12% 7% 23% 2% 4% 13% 6% 22% 5% 74% Aragon 7% 21% 6% 21% 2% 4% 11% 6% 19% 4% 66% Asturias 1% 20% 7% 22% 2% 4% 13% 7% 19% 5% 72% Balearic 1% 6% 8% 37% 2% 3% 15% 9% 15% 5% 86% Canary Islands 2% 6% 6% 35% 2% 3% 13% 8% 20% 6% 86% Cantabria 2% 22% 7% 21% 2% 3% 14% 6% 19% 5% 70% Castile and Leon 4% 20% 7% 20% 2% 4% 11% 6% 22% 4% 70% Castile La Mancha 10% 19% 7% 19% 1% 3% 11% 4% 21% 5% 64% Catalonia 1% 19% 5% 25% 3% 4% 12% 10% 15% 5% 74% Comunitat Valenciana 2% 19% 7% 25% 2% 4% 13% 7% 17% 5% 72% Extremadura 10% 13% 7% 19% 1% 4% 11% 5% 26% 4% 70% Galicia 5% 18% 7% 23% 2% 3% 10% 7% 19% 4% 69% Community of Madrid 0% 10% 5% 24% 10% 6% 10% 15% 15% 5% 85% Murcia 6% 18% 6% 24% 1% 3% 10% 6% 20% 4% 69% Navarre 4% 30% 6% 19% 2% 3% 9% 7% 16% 4% 60% Basque Country 1% 24% 7% 21% 3% 3% 11% 8% 17% 5% 68% Rioja 7% 26% 6% 19% 2% 4% 10% 5% 17% 4% 61% Ceuta 0% 5% 5% 21% 1% 2% 10% 4% 47% 4% 89% Melilla 0% 4% 6% 19% 1% 2% 11% 5% 47% 4% 90% SPAIN 3% 16% 6% 24% 4% 4% 12% 9% 18% 5% 75% Higher exposure than the average to the service sector (85%) that has benefited from the post-pandemic recovery boost. Less weight than average in construction; a very labor intensive sector and very sensitive in terms of unemployment rates in recessions and stress scenarios. Leader among other regions in activities that will drive structural higher growth rates in the future such as: information, communications, finance, IT, scientific activities, etc 31
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