Investor Presentaiton

Autonomous Regional Financing System and additional transfers The Autonomous Regions will receive an amount of 112,138 million euros during the financial year 2022. In addition, the State will compensate the regions for a volume of 7,000 million euros for the implementation of the VAT Information Supply System in 2017 and for the negative settlements of the SFA for 2020. The Comunidad de Madrid will receive a total of €16,564 million in 2022. By 2023, the Autonomous Communities will receive a total of 134,336 million euros (+24 y.a.): 124,292 million euros in payments on account, plus 10,981 million euros for the positive liquidation of the 2021 financial year. State account transfers, 2019-22 (EUR mn) Extraordinary transfers in 202-2022 (€m) 2022 2021 2020 20 19 Catalonia 19,020 Galicia 7,431 2020 19,685 7,595 2021 2022 2022/2021 19,711 21,057 7,557 8,080 2022/2019 Extraordinary 6.8% 10.7% 2017 VAT liquidation Estimated 2020 liquidation Covid Fund Fund 6.9% 8.7% Andalusia Andalusia 19,218 19,748 19,636 20,943 6.7% 9.0% Aragon -537 -80 -1.261 2.358 2.199 -278 403 431 Asturias 2,740 2,794 2,761 2,924 5.9% 6.7% Asturias -86 -150 308 299 Balearic -78 0 330 438 Cantabria 1,805 1,845 1,842 1,987 7.9% 10.1% Canary Islands 0 0 629 551 La Rioja 971 998 992 1,071 8.0% 10.3% Cantabria -46 -146 168 177 Murcia 3,138 3,259 3,220 3,412 6.0% 8.7% Castile and Leon -182 -373 741 843 Valencia 9,433 9,788 9,731 10,270 5.5% 8.9% Castile La Mancha -130 -369 605 743 Catalonia -443 -538 2.161 3.171 Aragon 3,540 3,646 3,630 3,860 6.3% 9.0% Extremadura -86 -213 318 277 Castille-La Mancha 4,923 5,056 5,016 5,333 6.3% 8.3% Galicia -204 -392 828 735 Canary Islands 4,540 4,740 4,703 5,047 7.3% 11.2% Madrid -377 -496 1.864 3.346 Extremadura 3,069 3,123 3,069 3,315 7.1% 8.0% Murcia -85 -86 422 389 Rioja -20 -104 94 127 Balearic Islands 1,980 2,069 2,092 2,148 2.7% 8.5% Valencia -281 0 Madrid 14,432 14,814 14,993 15,755 5.1% 9.2% Total -2.635 -4.407 1.400 12.629 1.486 15.212 Castille-Leon 6,494 Total 102,735 6,617 10 5,803 6,542 6,936 6.0% 6.8% Excess announced -465 0 0 105,523 112,138 6.3% 9.2% Announced transfers* -3.100 -4.407 12.629 Source: Ministry of Finance * For 2022, the negative sign refers to the loss of the regional governments to be compensated by transfers. 15.212 19

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