Investor Presentaiton

Interest Payments Development 2AR RDAL 2003 Agentúra pre riadenie dlhu a likvidity 2023 Debt and Liquidity Management Agency Interest payments are at historical lows as a percentage of GDP and have been declining since 2014 even in nominal terms In 2022 interest payments at similar level to 2021 in nominal terms and with further drop as a % of GDP ECB's PSPP helped in decreasing interest payments Interest Payment Dynamics for Slovakia (accrual) 1.4 1.2 1 2,00% 1,50% 0.8 1,00% 0.6 0.4 0,50% 0.2 0 0,00% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Interest payments in EUR bn (Ihs) Interest payments in % of GDP (rhs) ㄝ 34 Source: ARDAL, data as of December 2022

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