Investor Presentaiton

Regional momentum anticipates the recovery of pre-COVID activity levels 30,0 20,0 Gross Domestic Product Year-on-year actual rates of change 25,4 10,0 4,9 5,0 6,7 6,3 5,0 3,9 3,2 3,1 2,8 2,6 1,7 -2,0 -2,7 0,0 -5,5 -10,0 -20,0 -30,0 -24,0 -9,0 1-19 11-19 III-19 IV-19 1-20 11-20 111-20 IV-20 1-21 II-21 III-21 IV-21 1-22 11-22 III-22IV-22 1-23 Source: IECM, INE and EUROSTAT Data adjusted for seasonality and calendar 110,0 100,0 90,0 80,0 70,0 Madrid ----Spain Gross Domestic Product Index IV-2019=100 UE20 IV-19 I-20 11-20 III-20 IV-20 1-21 1-21 III-21 IV-21 1-22 11-22 III-22 IV-22 1-23 Source: Drafted based on data from IECM, INE and EUROSTAT Madrid ----Spain UE-20 2022 was conditioned by several factors on a global scale: persistently high inflation, interest rate hikes, the invasion of Ukraine and its consequences, etc. GDP Community of Madrid 23Q1: +1.3% Q-0-Q (0.5% Spain) +3.9% Y-o- Y (3.8% Spain). In 23Q1, Madrid GDP was 2.2% above pre-pandemic levels (19Q4), a level it surpassed in 22Q2; Spain was 0.9% below in 22Q4 and still remains 0.2% below in 23Q1. 8

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