Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 13

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 13
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 phase of value creation driven by strong profitability 2023-2024 New phase of value creation 2016-2022 Value creation USD as a natural hedge for LatAm currencies 2016-2022 average 2023-2024 average Foreign currency sensitivity2 EUR million Currency 1% appreciation 1% depreciation US dollar -168.4 171.8 Brazilian real -144.1 147.0 Mexican peso -33.9 34.6 Effect on 2024 consolidated equity Note: high level analysis of TNAVps main components’ evolution using a simple average calculation. Average profit 2016-2022 adjusted by 2019-2020 exceptional items that do not affect TNAV (goodwill…). (1) Others include hyperinflation accounting adjustments, interest rates, intangibles and other minor items. (2) Sensitivity of consolidated equity to ± 1% (appreciation/depreciation) of the euro against the foreign exchange rate. More information about FX sensitivity in the appendix. 3.00 3.50 4.00 4.50 5.00 5.50 TNAVps (BoP) RoTE post-AT1s FX and others Avg. TNAVps +DPS 3.00 3.20 3.40 3.60 3.80 4.00 4.20 4.40 TNAVps (BoP) RoTE post-AT1s FX and others Avg. TNAVps +DPS 11 Value creation 2016-2022 +5% Value creation 2023-2024 +15% +15% -1% -5% +9%

25 Index 1 FY'24 Highlights Progress on our strategy Group review 2 Final remarks 3 Appendix 4

26 We are only scratching the surface of our potential as a group with our strong performance in 2024 (1) YoY change in constant euros, except Argentina in current euros. (2) Fully-loaded definition as of 1 January 2025. Revenue1 Efficiency CoR FL CET1 RoTE 2024 initial targets 2024 achievements Record profit supported by an outstanding P&L from top to bottom ONE Transformation and global scale keep accelerating operational leverage and profitable growth Sound credit quality performance Robust balance sheet with strong capital levels Capital productivity and disciplined capital allocation driving profitability and shareholder value creation 2024 targets upgraded in H1 Mid-single digit growth <43%