Operational Levers to Enhance Profitability

LatAm Strong position in all of our LatAm markets with a sharp improvement in profitability since 2015 Top-tier in most countries (loans market share) High potential to increase its contribution (as % of total Group; 2018) #3 #82 #152 #31 #11 #1 #21 RWAs -26% Loans Deposits Att. Profit 3,4 -18% 17% O -42% LatAm offers high structural growth & returns (ROTE4 evolution 2018 vs. 2015; local currency) 20% 14% 2015 2018 Santander (1) Including only private-owned banks. Including public banks: Brazil Top 5, Argentina Top 4 and Uruguay Top 2 CIB & auto loans franchise (3) Excluding Corporate Centre and Spain Real Estate Activity (4) Underlying 20% 13% 18% 16% 2015 2018 2015 2018 13

View entire presentation