Investor Presentaiton

Debt interest payments vs indebtedness Millions of euros 999 1,490 1,883 3,190 3,265 2,987 3,024 2,959 2,824 2,703 2,809 2,837 2,664 2,490 2,630 2,197 Direct indebtedness 107.6 103.2 102.6 100.0 91.7 88.2 83.4 Interest payments 68.0 60.7 57.7 55.8 40.9 34.5 With credit lines 36.9 39.1 43.19 Without credit lines 40.71 40.6 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 (p) Source: Banco de España y Gobierno de Navarra.

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