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Investor Presentaiton

Growth estimates of the Community of Madrid in 2023-2024 On average, average growth in the Community of Madrid is expected to be 1,6% by 2023, in line with the national average. GDP growth forecasts. Community of Madrid and Spain Real GDP growth rates Summary of projections 2023 Rates of change of real GDP* 1,6 C. Madrid 4,00 1,5 3,50 3,00 Spain ■■BBVA Research mar-23 Hispalink CEPREDE mar-23 I Average Summary of projections 2024 Rates of change of real GDP* 250 2,5 2,00 1,50 1,00 0,50 0,00 C. Madrid BBVA Research mar 23 CEPREDE abr 23 Spain 2.2 Hispalink dic-22 -Promedio Upward drivers ✓ Effectiveness of monetary policy measures adopted in anchoring inflation expectations. ✓ Agents' confidence in a context of high levels of uncertainty. ✓ Transfer and implementation of funds from the Recovery and Resilience Mechanism and REACT EU. ✓ Recovery of the labor market that will translate into progress in employment. ✓ Cohesion of the European Union and its positioning in the new global geopolitical framework. Downward drivers × Evolution of the war in Ukraine. × Complex geopolitics and its implications. × Generalized weakening of global demand. × Financial instability. 16 9 9 9 3 3 20 18 12 10 08 06 02 16
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