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Investor Presentaiton

2 Recovery in consumer confidence has been uneven, reflecting a lackluster labor market Consumer confidence has still to recover on a firmer footing, while labor market indicators and unemployment insurance are improving in the margin Consumer Confidence Index (1) 55 Unemployment Insurance and Employment Rate (2) Employment rate, in % of working age population 58 Number of beneficiaries of Unemployment Insurance, in thousands 200 Moderate 180 optimism 160 56 56 50 149.7 140 120 54 100 55 45 Moderate pessimism 40 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 80 60 40 20 52 50 48 Jan-20 Jun-20 Nov-20 Apr-21 Jun-21 19 (1) Source: SURA Chair of Economic Confidence - Catholic University of Uruguay and Equipos Consultores Consulting firm. (2) Source: Social Security Bank of Uruguay, Ministry of Labor and Social Security and National Institute of Statistics.
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