Investor Presentaiton

☐ Investment and consumption evolution Economic growth in the Region in 4Q2022 was mainly slowed by the lower investment growth. The evolution of household and public consumption remains stable throughout the 2022 period. 30,0 20,0 10,0 30,0 20,0 YoY growth of investment components (%) 10,0 0,0 -10,0 -20,0 YoY Regional Demand Growth by components -30,0 -40,0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2020 -Investment 2021 Housing investment 2022 Other investment 6,7 YoY growth of consumption components (%) 3,7 40,0 0,0 3,1 30,0 20,0 -10,0 10,0 0,0 -20,0 -10,0 -20,0 -30,0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q -30,0 2020 2021 2022 -40,0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Regional demand Investment Final consumption expenditure 2020 2021 2022 Source: IECM Final consumption expenditure Households AAPP and ISFLSH 13

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