Santander Financial Performance

Outstanding results driven by customer revenue and lower LLPs led to improved profitability Underlying Attributable Profit (Constant € mn)¹ (•) H1'22 H1'21 YoY (%) QoQ (%) 287 PBT 747 587 27.1 11.4 259 245 Tax on profit (182) (139) 30.7 11.6 225 218 Consolidated profit 565 448 26.0 11.3 Minority interests (19) (34) -42.6 16.5 Underlying attributable profit 546 415 31.6 11.1 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Santander (1) Average exchange rate as at 6M'22. Effective tax rate 24.3% 23.7% 0.7pp 20 20

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