2022 Highlights and ESG Progress

...medium-low risk and predictable Loan portfolio structure in the main countries Spain UK Average mortgage portfolio LTV of 62%. 75% of the mortgage portfolio at variable rate Employment remains resilient Simple average mortgage LTV: 40% (LTV over 80% <5%). New business vintage delinquency rates stable Low unemployment rate Brazil ⚫ Unsecured individuals represent 20% of Brazil's total portfolio. Proactively implementing mitigation and correction measures to strengthen the portfolio Positive macroeconomic outlook: 2023 GDP growth and low unemployment is expected US SC Santander c.80% of total US portfolio is prime. Auto NPL coverage ratio c.90% and >10% coverage of the total auto portfolio Historically low unemployment rate and high collateral values (used car prices 43% higher than 2019, but correcting) 23

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