Investor Presentaiton

Q1 2021 Spain Positive net adds for the 3rd quarter in a row, despite fierce competition 85% Convergence as % of broadband B2C customer base in €m Revenues Retail services Convergent services* Mobile only services Fixed only services Wholesale Equipment sales Other revenues Positive net adds ... 9 Q1 21 Q1 20 cb yoy cb 1,188 1,282 818 910 -7.4% -10.2% 469 517 -9.4% 231 267 -13.6% 84% Fiber penetration in BB customer base 116 124 -6.7% 215 220 -2.3% 155 141 +10.0% 66% 4G penetration in mobile customer base 1 11 -95.4% *B2C only 17% TV penetration in BB customer base ... with 4.1 points improvement in convergent churn... stabilizing FBB customer base while keeping on increasing fiber penetration +0.4% Convergence net adds +10k 4,016 -4.1 pts FBB net adds FTTH net adds +1k +49k 4,033 FTTH ADSL 80% 84% (k customers) Mobile contract net adds* +24k Q1 20 Q1 21 Q1 20 Q1 21 excl. M2M

View entire presentation