Investor Presentaiton

Interest over current income 2022 Debt burden 3.5% 3.0% 2.5% 2.0% 1.5% MAD VAL Navarra, The region with the lowest levels of interest and debt over current income AVERAGE CCAA O PVAS O 1.0% MUR NAVARRA BAL 0.5% O RIO 0.0% 00% 50% 100% 150% 200% 250% 300% 350% 400% Debt over current income 2022 Source: AFI.

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