Investor Presentaiton

Autonomous Regional Financing System and additional transfers By 2023, the Autonomous Regions will receive an amount of 134,336 million euros: 124,292 million euros in State account transfers, plus 10,981 million euros from the positive liquidation of the 2021 financial year. These resources will enable the regions' budgetary situation to improve significantly, and as a result the reference rate for the Autonomous Regions in 2023 has been set up at -0.3% of GDP and in the absence of extraordinary transfers. State account transfers, 2019-23 (EUR mn) Extraordinary transfers in 202-2022 (€m) 2022 2019 Catalonia Galicia Andalusia 19.020 7.431 19.218 2020 2021 2022 2023 2023/2022 2023/2019 19.685 19.711 21.057 23.380 11,0% 22,9% 7.595 7.557 8.080 8.788 19.748 19.636 20.943 23.245 8,8% 18,3% 2017 VAT liquidation Estimated 2020 liquidation 2021 Extraordinary Fund 2020 Covid Fund Andalusia 11,0% 21,0% Aragon -537 -80 -1.261 2.358 2.199 -278 403 431 Asturias 2.740 2.794 Cantabria 1.805 1.845 1.842 1.987 2.761 2.924 3.216 2.159 10,0% 17,4% Asturias -86 -150 308 299 8,7% 19,6% Balearic -78 0 330 438 Canary Islands 0 0 629 551 La Rioja 971 998 992 1.071 1.165 8,8% 20,0% Cantabria -46 -146 168 177 Murcia 3.138 3.259 3.220 3.412 3.812 11,7% 21,5% Castile and Leon -182 -373 741 843 Valencia 9.433 9.788 9.731 10.270 11.653 13,5% 23,5% Castile La Mancha -130 -369 605 743 Catalonia -443 -538 2.161 3.171 Aragon 3.540 3.646 3.630 3.860 4.275 10,8% 20,8% Extremadura -86 -213 318 277 Castile-La Mancha 4.923 5.056 5.016 5.333 5.917 10,9% 20,2% Galicia -204 -392 828 735 Canary Islands 4.540 4.740 Extremadura 3.069 Balearic 1.980 Madrid Castile and Leon 14.432 6.494 TOTAL 102.735 4.703 5.047 3.123 3.096 3.315 2.096 2.092 2.148 14.814 14.993 15.755 17.287 6.617 105.803 5.591 10,8% 23,1% Madrid -377 -496 1.864 3.346 Murcia -85 -86 422 389 3.613 9,0% 17,7% Rioja -20 -104 94 127 2.479 15,4% 25,2% Valencia -281 0 9,7% 19,8% Total -2.635 -4.407 1.400 12.629 1.486 15.212 6.542 6.936 7.635 105.523 112.138 124.215 10,1% 17,6% Excess announced -465 0 0 10,8% 9,2% Announced transfers* -3.100 -4.407 12.629 15.212 Source: Ministry of Finance * For 2022, the negative sign refers to the loss of the regional governments to be compensated by transfers. 25 25

View entire presentation