Investor Presentaiton

Strong performance in revenue, costs and LLPs in the quarter Underlying attributable profit Constant EUR mn 192 +3% vs. Q4'20 11,390 Total income +50% vs. Q4'20 11,030 11,066 10,565 10,266 2,138 -3% vs. Q4'20 1,716 1,456 5,111 1,423 4,924 5,071 5,283 5,118 Costs Q1'20 Q2 Q3 33 +8% vs. Q4'20 6,272 5,959 5,783 5,454 5,342 Net operating income Q4 Q1'21 -25% vs. Q4'20 +50% 3,487 2,967 vs. Q4'20 2,563 2,650 Underlying attributable profit (EUR mn) 377 1,531 Santander 1,750 1,423 2,138 Q1'20 Q2 Note: data in constant euros 1,992 LLPs 33 Q3 Q4 Q1'21 47

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