Investor Presentaiton

Continued organic generation, maintaining the CET1 ratio above 12% Q2 fully-loaded CET1 ratio performance % +0.26 +0.03 12.05 12.05 -0.08 -0.05 -0.16 Mar-22 Pro formal Gross organic generation Cash dividend transactions & models accrual 2 Corporate Regulatory Markets & others 3 Jun-22 CET1 €72.2bn RWAS €599bn • Continued profit growth - ROTE 13.7% (12.0% in FY'21) Disciplined capital allocation strategy with: - - RWAs rising below loan growth +1% < +6% (excluding FX impact) – H1'22 front book RoRWA of 2.5% - % of RWAs with RoE < CoE of 23% (30% in FY'21) €73.0bn As of Jun-22, the distance to the MDA is 307bps €605bn Santander (1) Data published in Q1'22, which included the acquisition of Amherst Pierpont (completed in April 2022). (2) Cash dividend accrual corresponding to 20% of Q2'22 profit. The implementation of the shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals. (3) Including-13bps of HTC&S. 51

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