Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 8

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 8
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 on options and discretions and EBA mandates could result in additional impacts on CET1 ratios across the industry. (1) Gross organic generation net of markets and other charges. (2) Deduction for expected shareholder remuneration. Our target payout is approximately 50% of Group reported profit (excluding non-cash, non-capital ratios impact items), divided approximately equally between cash dividends and share buybacks. The implementation of the shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals. (3) TNAVps + Cash DPS includes the €9.50 cent cash dividend per share paid in May 2024 and the €10.00 cent interim cash dividend per share paid in November 2024. Strong performance drove higher organic capital generation and shareholder returns Shareholder remuneration in 2024 € per share Cash DPS: €19.5 cents TNAVps + Cash DPSFL CET1 % Since 2021, including the second buyback against 2024 results announced today, Santander will have returned €9.5bn to shareholders via share buybacks and repurchased c.15% of its outstanding shares Cash dividend per share paid in 2024 +39% YoY Total shareholder remuneration paid in 2024 +34% YoY +14% 1 2

12 We are building the Santander of tomorrow Scale Customer Diversification Our Aim To be the best open financial services platform

13 Cards Our global approach to technology drives innovation in a dynamic and fast-changing environment Santander’s open financial services platforms Channel Financing Insurance Payments Risk & Control Back-end Gravity

14 2x Profit (€bn) Customers (mn) +56 Our business model and transformation over the last 10 years have provided sustained earnings, a stronger balance sheet and enabled us to accelerate profitable growth Growth FL CET1 1.5x (1) Total shareholder remuneration charged against the results corresponding to the calendar year: cash dividend + share buybacks, excluding scrip dividends. 2024 remuneration estimated using 50% payout ratio, in line with shareholder remuneration policy. Implementation of said 2024 shareholder remuneration policy is subject to future corporate and regulatory decisions and approvals. 47.0% 41.8% 2014 2024 11.0% 16.3% 2014 2024 8.3% 12.8% 2014 2024 <30% 87% 2014