Investor Presentaiton

1 Strong labor market indicators reflected in an upturn in real wage growth, higher formal employment creation and more people looking for jobs. Employment and real wages (1) Unemployment Insurance and formal job creation (2) Real wage (YoY % change) Number of insurance Employment rate beneficiaries, in thousands. (average of last 12 months) 200 59 59 160 58 2 120 -2 57 80 56 40 55 Contributing jobs to Social Security, in thousands. 1550 W 1500 1450 41,268 1400 -4 54 1350 Jun-17 Jun-19 Jun-21 Jun-23 Oct-19 Sep-20 Aug-21 Jul-22 Jun-23 (1) Source: National Institute of Statistics. (2) Source: Social Protection Bank (Banco de Prevision Social). 6

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