2022 Earnings Presentation

Total income rose 1% YoY underpinned by net fee income and gains on financial transactions, which offset the NII decrease Total income (Constant € mn)1 3,295 3,256 3,263 3,186 3,205 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Santander (1) Average exchange rate as at 12M'22. 2022 2021 YoY (%) QoQ (%) Net interest income 8,901 9,248 -3.7 0.8 Net fee income 3,296 3,206 2.8 11.0 Customer revenue 12,197 12,454 -2.1 3.5 Other² 714 330 116.0 -40.6 Total income 12,910 12,785 1.0 0.6 (2) Other includes Gains (losses) on financial transactions and Other operating income. 15

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