Company: BCDRF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0000891478-25-000105
Chunk: 17

Company: Banco Santander, S.A.
Filing Date: 2025-07-30
Form: 6-K
Chunk 17
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 share buybacks for 2025 and 2026 earnings1 Accelerate the €10bn SBB execution1 using 50% of the proceeds of Poland disposal to early 2026 Bolt-on TSB acquisition with RoIC above 20%4, EPS accretive from year one (c.4% in 2028) USE OF CAPITAL PROCEEDS FROM POLAND DISPOSAL AT 3X INITIAL INVESTMENT For more information, see notes on slide 57. 1 2 3 13-50bps c.-50bps 13 c.+100bps 2025 Standalone target Poland disposal Aprox. €3.2bn share buyback post Poland TSB acquisition 2025 Pro forma CET1 CET1 %

25 Index H1'25 Highlights Progress on our strategy 1 Group review 2 Final remarks 3 Appendix 4

26 Another record quarter that keeps 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 and €11.00 cent cash per share paid in May 2025, executed as part of our shareholder remuneration policy. (1) CET1 ratio is phased-in, calculated in accordance with the transitory treatment of the CRR. H1’25 Revenue and costs on track on the back of our consistent execution of ONE Transformation Solid balance sheet, with robust credit quality and organic capital build Higher profitability and double-digit shareholder value creation driven by capital productivity and disciplined capital allocation ✓ ✓ ✓ ✓ ✓ ✓ ✓ in constant euros, YoY in euros, YoY €31.0bn -0.4% +9% 1.14% 13.0% 16.0% +0.9pp +16%

27 INVESTOR DAY 25 FEBRUARY 2026 LONDON

28 Index H1'25 Highlights Progress on our strategy 1 Group review 2 Final remarks 3 Appendix 4

29 Appendix 2025 Investor Day targets summary Group P&L