Investor Presentaiton

Investment in R&D €4.25bn investment in R&D (2020) 3.7% increase on previous year 27% of total Spanish spending in R&D (first region in expenditure) Second region by investment as % GDP (2.0%), +56 basis points compared with the national average. Investment in R&D as % GDP (2020) Basque Country 2.2% Madrid 2.0% Navarre 1.9% Catalonia Total 1.7% 1.4% Castile and Leon 1.4% Valencia 1.2% Murcia 1.1% Galicia 1.1% Andalusia 1.1% Aragon 1.0% Cantabria 0.9% Asturias 0.9% Rioja 0.8% Castile La Mancha Extremadura Canary Islands Balearic 0.7% 0.6% 0.6% 0.5% Source: INE 23 23

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