H1'22 Financial Results and PagoNxt Highlights

Capital Disciplined capital allocation strategy to drive profitability improvement & maximize shareholder returns 2021 H1 2022 2022 Targets Capital accretive growth RWA growth below loan growth² +1% < +4% RWAS loans RWAS loans +1% < +6% RWA low-single growth digit Risk adjusted new credit production Front book RoRWA 1 1.8% 2.5% 2.2% Granular % of RWAs with profitability 30% 23% -20% RoRWA < CoE management Santander Variations in constant euros. (1) 2019-21 average. 24

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