1Q22 Earnings Release Presentation

Key aspects of the brazilian market TO FX (BRL/USD) Impacted by institutional uncertainties % Inflation (% p.a.) Recent shocks pose a threat to anchoring of expectations Economic activity performance(%) 5.20 5.58 5.00 10.06 3.87 4.03 3.31 2.95 3.75 4.31 4.52 2017 2018 2019 2020 2020 7.92 2022¹ 2017 2018 2019 2020 2021 2022¹ Selic Rate (% p.a.) Necessary (and strong) adjustment must be made to keep inflation in check здо GDP (% p.a.) Economic recovery is in jeopardy 13.25 9.25 1.30 1.78 1.22 7.00 6.50 4.50 2.00 -3.88 2017 2018 2019 2020 2021 20221 INVESTIDOR RELATIONS 4.62 0.66 2017 2018 2019 2020 2021 20221 IIIIII bas Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Industrial production Retail sales Volume of services 11.5 4.0 -2.1 Social indicator 11.1% Unemployment Rate Mar-22 0 bps mar-22 vs. dec-21 -380 bps mar-22 vs. mar-21 Sources: Brazilian Central Bank and IBGE 1 Santander Brasil estimate [email protected] 0800 286 8484 FAQ www.santander.com.br/faq 3 Macroeconomy and Financial System

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