Q1'21 Earnings Presentation

Results Net fee income growth mainly driven by transactional banking fees Net fee income (Constant EUR mn)1 Q1'21 Q1'20 YoY (%) QoQ (%) Transactional fees 112 102 9.7 1.1 Payment methods 57 46 23.8 -8.6 204 Transfers, drafts, cheques 199 20 188 192 187 and other orders 20 22 22 -9.2 16.4 Account admin + Packs 26 26 0.3 1.5 plans Other transactional 8 7 10.9 70.9 Investment and pension 25 24 5.4 0.2 funds Insurance 51 49 49 4.3 -8.0 Securitites and custody services 10 10 8 19.3 55.8 Other 6 5 9.8 Total net fee income 204 188 8.2 8.7 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Santander (1) Average exchange rate as at Q1'21. 15 (•)

View entire presentation