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Investor Presentaiton

Economic growth The Community of Madrid economy is still growing vigorously, extending its dynamism for a period that already reaches three and a half years. It's rate of progress is higher than 2,5% in this period. GDP: Quaterly variation rates GDP: Interannual variation rates 5,0 $ 2 % % 0% N 1,4 1,2 4,5 4,0 1,0 3,5 3,0 2,8 0,8 0,6 2,5 2,0 0,5 1,9 1,5 0,4 0,4 1,0 0,2 0,5 0,0 (),0) III 2014 III 2015 III 2016 III 2017 III 2018 III 2019 III 2014 Source: CRTR (IECM) and CNTR (INE) -España C. de Madrid III 2016 Source: CRIR (IECM) and CNTR (INE) III 2015 III 201/ III 2018 III 2019 C. de Madrid España Percentage of Madrid compared to National total. Madrid with 14.1% of the population generates 19.2% of national GDP. C. MADRID SPAIN POPULATION 6.587 46.729 % Total 14,10% 100% GDP 230.794.788 1.202.193.000 % Total 19,20% 100% GDP Forecast According to BBVA Research, the GDP forecast to the Community of Madrid and Spain are the following: 2019 2020 2021 C. MADRID SPAIN 2,60 2,30 2,20 1,90 1,60 1,90 Source: INE, BBVA Research 4
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