H1'22 Financial Results and PagoNxt Highlights

Asset Quality The Stage 3 ratio of the most vulnerable sectors is broadly in line with the Group ratio Mar-22, € bn Exposure to vulnerable sectors Industry Exposure Stage 1 Stage 2 Stage 3 Automobile 31.4 91.3% 7.0% 1.7% Hotel & Leisure¹ 15.2 60.9% 23.7% 15.5% Transport 18.2 84.6% 10.2% 5.2% Oil & Gas 23.4 97.3% 1.4% 1.3% Retail (non-Food) 22.6 89.5% 6.8% 3.8% Construction 12.0 77.7% 12.7% 9.7% Group Exposure³ 1,071 90.3% 6.4% 3.3% Santander (1) Catering and others not included. (2) Property development not included. (3) Exposure subject to impairment. Additionally, in March 2022 there are €22bn in loans and advances to customers not subject to impairment recorded at mark to market with changes through P&L. 34

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