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Investor Presentaiton

Strong signs of recovery in the services sector Services sector structure (Q12022) Detail of the services components YoY change (%, Q42021/2020 and 1Q2022) Business and financial services 46.7% Source: IECM Other services 25.9% 15.0% 9.0% 10.0% 7.5% 5.0% 4.4% 3.2% 2.0% 1.5% 0.0% -1.2% -5.0% -2.7% -10.0% -15.0% -15.3% Distribution -20.0% and hospitality services 27.5% Distribution and hospitality services Business and financial services Other services ■Q42020 ■ Q42021 Q12022 Source: IECM Important reactivation of the whole services sector in 2H20, that continues through 2021 and 2022 Q2 2020-23.4% Q4 2020 -5.8% Q4 2021 +3.2% Q1 2022 +5.3% 12
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