Investor Presentaiton

Total income grew 69% YoY on the back of higher NII and net fee income. This performance clearly outstripped inflation Total income (Constant € mn)1 271 323 424 343 H1'22 H121 YoY (%) QoQ (%) 479 Net interest income 732 379 92.9 58.9 Net fee income 264 140 88.3 31.9 Customer revenue 996 519 91.7 51.2 Other² (174) (33) 434.4 125.4 Total income 821 487 68.7 39.6 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Santander (1) Average exchange rate as at 6M'22. (2) Other includes Gains (losses) on financial transactions and Other operating income. 16

View entire presentation