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Investor Presentaiton

Geopolitical risks at the start of 2022 slowed the pace of recovery The regional economy continued its recovery in 4Q2022, according to the latest data, although on a QoQ rate slowed again (+5,0%, two points above the national average). The economy of Madrid recorded a quarter-on-quarter growth rate of 0,1% in 4Q2022. The community of Madrid closes 2022 very favorable, recovering pre-pandemic levels of wealth. GDP (%) Annual change rate (YoY) GDP (%) Quarterly change rate (QoQ) 30,0 20,0 10,0 0,0 -10,0 -20,0 -30,0 -2,74,7 25,4 -2,0.4,4 -5,5 -9,09,2 -9,5 T -21,9 -24,0 25,0 20,2 20,0 16,6 17,9 15,0 4,94,2 6,65,06,96,77,86,3 10,0 4,8 5,0 4,5 1,7 2,7 5,0 1,4 0,6 0,0 -0,1-0,8-0,2 -5,0 -4,4-5,5 -10,0 -15,0 -20,0 -25,0 -17,8 -21,3 I 2020 || 2020 III 2020 IV 2020 2021 2021 III 2021 IV 2021 2022 II 2022 III 2022 IV 2022 Data adjusted for seasonality and calendar effect * Closing estimate Source: CRTR (IECM) y CNTR (INE) 3,1. 0,5 1,32,32,4 2,31,5, -0,2 0,10,20,1 0,2 12020 II 2020 III 2020 IV 2020 2021 2021 III 2021 IV 2021 2022 || 2022 III 2022 IV 2022 Data adjusted for seasonality and calendar effect * Closing estimate ■C.Madrid ■Spain Source: CRTR (IECM) y CNTR (INE) 9 ■C.Madrid ■Spain
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