Company: BCDRF
Filing Date: 2025-02-05
Form Type: 6-K
Source: 0000891478-25-000035
Chunk: 14

Company: Banco Santander, S.A.
Filing Date: 2025-02-05
Form: 6-K
Chunk 14
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 16% c.1.2% >12.0% after FL2 Basel III implementation +10% 41.8% 1.15% 12.8% 16.3% High-single digit growth c.42% >16% ✓ ✓ ✓ ✓ ✓

27 Note: targets market dependent. Based on macro assumptions aligned with international economic institutions. CET1 ratio phased-in CRR3. (1) Share buyback target against 2025-26 results including: i) the buybacks resulting from application of our existing shareholder remuneration policy plus ii) additional buybacks to distribute excesses of our CET1. Existing shareholder remuneration policy defined as c.50% of Group reported profit (excluding non-cash, non-capital ratios impact items), distributed approximately 50% in cash dividends and 50% in share buybacks. The implementation of the shareholder remuneration policy and any share buybacks to distribute CET1 surpluses are subject to future corporate and regulatory decisions and approvals. Our consistent track record and the implementation of One Santander gives us the confidence to aim higher for 2025 and beyond Double-digit growth of TNAVps+DPS through-the-cycle Fees Mid-high single digit growth Cost base Down vs. 2024 in euros CoR c.1.15% CET1 13% operating range: 12-13% RoTE c.16.5% post-AT1 >17% pre-AT1 Return €10bn to our shareholders through share buybacks cumulative for 2025-26 Our existing 50% payout ratio (half cash dividend) will be supplemented with exceptional SBBs using excess capital1 Revenue c.€62bn

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

29 Appendix Investor Day Targets summary Group P&L and excluding Argentina Foreign currency risk Detail by global business, region 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

30 2019 – 2022 plan We have consistently overdelivered on all our strategic plans throughout the economic cycle 2023 – 2025 plan 2015 – 2018 plan On track to exceed our targets Laying the foundations Building global platforms and preparing the path towards ONE Santander A new phase of value creation ONE Santander ✓ ✓ Excellent profitable growth and