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Investor Presentaiton

Economic activity expanded strongly in 2022, although real GDP growth has since decelerated; agriculture and industry sectors affected by the severe drought and external demand. Annual real GDP change (1) (YOY, In %) 7 Real GDP change breakdown by sector for 2023Q2, production approach (1) (YoY, in %) Transport and Storage, Information and Communication 10 5 3 1 -1 -3 -5 2.5 Social, Government and Other Services 0.2 Financial and Professional Services 0.2 Trade, Accommodation and Food and Beverage Supply -1.5 Construction Electricity, Gas and Water Manufacturing Industry Agriculture, Fishing and Mining -27.4 -30 -1.8 -6.6 -11.8 -20 -10 O Uruguay's Average Annual Rainfall (3) (Annual country average accumulated rainfall in mm) -2.5 2000 1600 1200 800 -7 2017 2018 2019 2020 2021 2022 2023 2023 Q1 Q2 400 (1) Source: Central Bank of Uruguay. (2) Source: Uruguayan Institute of Meteorology. 10 Historical Average 2000 2006 2012 2018 2022 4
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