Company: BCDRF
Filing Date: 2025-07-01
Form Type: 6-K
Source: 0000950103-25-008246
Chunk: 5

Company: Banco Santander, S.A.
Filing Date: 2025-07-01
Form: 6-K
Chunk 5
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 Enhances our UK franchise returns with RoTE increasing to 16% in 2028 Efficient use of capital and attractive risk - adjusted returns No impact on planned distributions with our at least €10bn share buyback target reiterated 1 Attractive franchise comprising high quality current account deposits and low LTV mortgages (1) See note 2 on slide 16

8 74 62 12 Opportunity to gain scale in a core market for Santander Total assets Mortgages D e p o s its Personal current account deposit balances (£bn) 1 Mortgage market shares Combined UK franchise £255bn £301bn +£46bn Current a c c ounts £165bn £199bn +£34bn £ 1 8 1 b n £ 2 1 6 b n +£35bn £62 bn £74 bn +£12bn Sa n t an der UK C o m bin e d + TSB As of F Y 2024 Peers: Barclays, HSBC , Lloyds, Nationwide, NatWest. (1) Based on public information. 12% 10% T SB Combined SAN UK T SB SAN UK C om bin ed

9 Attractive franchise comprising high quality deposits and prime mortgages Note: (1) SAN UK perimeter excluding SCF. (2) TSB savings including instant access savings deposits and deposit with agreed maturity. Customer loans 1 Customer deposits 1,2 A franchise with high quality deposits with a large current account base £35b n £176b n 1.5% 2.3% As of 2024 Primarily mortgages focused with a low - risk retail mortgages book (>70% of the book with <70% LTV) Net Interest Margin TSB Current accounts Business banking deposits Santander UK S a v i ngs Other 2.7% 2.1% T SB Santander UK TSB’s higher NIM driven by high quality deposit franchise £196b n £36b n TSB Mortgages Corporates Santander UK Unsecured & Others As of 2024 Cost of deposits As of 2024 Structural hedge avg. yield TSB Santander UK 1.7% 2.2%

10 In - depth analysis provided high degree of visibility into potential cost synergies One single organization focused on Talent retention and minimizing duplicities, leading to efficiencies in Tech., Ops., Staff, Property Rationalisation of branch network and structure optimizing overlaps involving properties Discontinue non - mandatory IT until migration then