Company: BCDRF
Filing Date: 2025-04-30
Form Type: 6-K
Source: 0000891478-25-000080
Chunk: 16

Company: Banco Santander, S.A.
Filing Date: 2025-04-30
Form: 6-K
Chunk 16
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24 Index Q1'25 Highlights Progress on our strategy 1 Group review 2 Final remarks 3 Appendix 4

25 Another record quarter that puts us on track to meet our 2025 targets Fees Cost base CoR CET11 RoTE post-AT1 TNAVps + Cash DPS 2025 targets Mid-high single digit growth Down vs. 2024 in euros c.1.15% 13% operating range: 12-13% c.16.5% Double-digit growth through-the-cycle c.€62bnRevenue Note: targets market dependent. Based on macro assumptions aligned with international economic institutions. TNAVps + Cash DPS includes the €10.00 cent cash dividend per share paid in November 2024, executed as part of our shareholder remuneration policy. (1) CET1 ratio phased-in CRR. Q1’25 ✓ ✓ ✓ ✓ ✓ ✓ €15.5bn ✓YoY in euros+1% +9% -1% 1.14% 12.9% 15.8% +14.5% +1.7pp Revenue and costs on track on the back of our consistent execution of ONE Transformation Solid balance sheet, with sound credit quality and capital ratios Higher profitability and double-digit shareholder value creation driven by capital productivity and disciplined capital allocation in constant euros, YoY in euros, YoY YoY

26 Index Q1'25 Highlights Progress on our strategy 1 Group review 2 Final remarks 3 Appendix 4

27 Appendix Aligning financial reporting to recent changes in our management structure 2025 Investor Day targets summary Group P&L and excluding Argentina Detail by global business and country Reconciliation of underlying results to statutory results Glossary For more details, refer to the document entitled "Supplementary Information", published together with this presentation on the Group's corporate website

28 Modifications to global business perimeters1 Aligning financial reporting to recent changes in our management structure Dissolution of regional management structures 2 1 • Following the board of directors’ approval of the dissolution of the regional management structures, which took effect on 3rd February 2025: - We will stop reporting financial information by region - Our 5 global businesses plus the Corporate Centre remain our primary segments - The secondary segments (previously the 3 regions plus DCB Europe plus Corporate Centre) now become the 9 main countries that were provided within the regions and DCB Europe, the Corporate Centre plus a new ‘Rest of