Investor Presentaiton

US | Focus on improving deposit cost to serve and scalability³ Simplification Rationalize businesses and products with limited scale and profitability 10% additional growth in consumer deposits equates to 10bp reduction in cost to serve Transformation Leverage Group digital capabilities to upgrade depository platform & drive significant operating leverage 2022 2025 2022 2025 Retail deposit cost to serve² c.205bps c.-20% Retail products on sale1 c.314 <20 Profitable growth anchored on four key pillars Branch count c.480 C.-25% Network contribution Leverage Group's network to drive top line growth and achieve scale synergies CIB US revenue Wealth Mgmt. CAL growth 2022 $779mn 2025 c.20% YoY³ $40bn CAL +18% Santander Profitable growth Support growth across target businesses while maintaining disciplined capital management Auto funded with deposits 2022 30% 2025 45-50% >100% payout Dividend payout $4,750mn in 2023 1 Number of products on sale driven by multiple variations within each category (retail vs commercial deposit and money market accounts, CDs with different tenures, etc.) 2 Non-interest expense assigned to retail deposit servicing (excluding marketing costs) based on $41B of average retail consumer deposits in 2022 and -3% CAGR through 2025 3 Figures in International Financial Reporting Standards ("IFRS") 27

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