Banco Santander, S.a. · BME:SAN
Banco Santander — 9M 2022 Earnings Presentation
75 slides from Banco Santander's earnings presentation, Oct 26, 2022
Slide 1: Form 6-K Cover Page
FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of October, 2022 Commission File Number: 001-12518 Banco Santander, S.A. (Exact name of registrant as specified in its ch
Slide 2: Table of Contents
BANCO SANTANDER, S.A. ________________________ TABLE OF CONTENTS Item 1. January - September 2022 Earnings presentation (Supplementary information)
Slide 3: Earnings presentation: Supplementary information 9M'22
Earnings presentation: Supplementary information — 9M’22 26 October 2022
Slide 4: Important information: Non-IFRS and alternative performance measures
2 Important information Non-IFRS and alternative performance measures This presentation contains, in addition to the financial information prepared in accordance with International Financial Reporting Standards (“IFRS”) and derived from our financial statements, alternative performance measures (“AP
Slide 5: Important information: forward looking statements
3 Important information Forward looking statements are based on current expectations and future estimates about Santander’s and third-parties’ operations and businesses and address matters that are uncertain to varying degrees, including, but not limited to developing standards that may change in th
Slide 6: Supplementary information
4 Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary
Slide 7: Liquidity balance sheet and liquidity ratios
5 Liquidity Balance Sheet ST Funding Securitizations and others Loans and advances to customers Fixed assets & other Customer deposits M/LT debt issuances Note: Liquidity balance sheet for management purposes (net of trading derivatives and interbank balances). (1) Provisional data. (2) Spain: Paren
Slide 8: ALCO portfolio opportunities
6 Additional opportunities from rebuilding ALCO portfolios from current very low exposure, especially in euros ALCO Portfolio %, Sep-22 o/w euro area countries 20% (1) DCB: NMDs in Poland and Scandinavia not considered. SCF, 8% Spain, 10% UK, 5% Poland, 11% Portugal, 2% USA, 17% Mexico, 17% Brazil,
Slide 9: Conservative and decentralized liquidity and funding model
7 Conservative and decentralized liquidity and funding model (1) Data includes public issuances from all units with period-average exchange rates. Excludes securitizations. (2) Includes Banco Santander, S.A. and Santander International Products PLC. Note: preference shares also includes other AT1 in
Slide 10: YTD issuances against 2022 funding plan
8 YTD issuances against 2022 funding plan Note: Issuance plan subject to, amongst other considerations, market conditions and regulatory requirements. Other secured issuances (for example ABS, RMBS, etc.) are not considered in the table above. (1) Includes €1.8bn of sub debt issued in Q4’21 as pre-f
Slide 11: Assumed capital requirements (fully-loaded)
9 Assumed capital requirements (fully-loaded)** AT1 and T2 ratios are planned to be close to1.5% and 2% of RWAs respectively. SREP capital requirements and MDA* CET1 CCoB Pillar 1 AT1 G-SIB buffer T2 T2 AT1 Following regulatory changes in response to the covid-19 crisis, the minimum CET1 to be m
Slide 12: TLAC/MREL for the Resolution Group
10 TLAC/MREL for the Resolution Group headed by Banco Santander, S.A. Note: Figures applying the IFRS 9 transitional arrangements. (1) TLAC RWAs are €287bn and leverage exposure is €865bn. MREL RWAs are €374bn and leverage exposure is €924bn. (2) MREL Requirement based on RWAs from Jan-24: 30.32% +
Slide 13: Supplementary information
11 Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary
Slide 14: Yield on loans (%)
12 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Europe 2.06 2.02 1.98 1.99 2.08 2.23 2.44 Spain 1.84 1.78 1.68 1.69 1.73 1.78 1.98 United Kingdom 2.27 2.25 2.27 2.23 2.23 2.30 2.43 Portugal 1.52 1.47 1.44 1.41 1.42 1.45 1.64 Poland 2.90 2.91 2.93 3.31 4.64 6.21 7.28 North America 7.71 7.59 7.48 7.38 7.
Slide 15: Cost of deposits (%)
13 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Europe 0.11 0.08 0.07 0.07 0.08 0.14 0.25 Spain 0.05 0.05 0.05 0.05 0.05 0.05 0.09 United Kingdom 0.21 0.14 0.11 0.10 0.12 0.21 0.35 Portugal 0.02 0.01 0.01 0.01 0.00 0.00 0.06 Poland 0.06 0.04 0.02 0.04 0.16 0.49 1.00 North America 0.65 0.61 0.65 0.67 0.
Slide 16: Supplementary information
14 Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary
Slide 17: Stage coverage
15 Exposure ¹ Coverage Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Stage 1 885 904 912 929 967 998 1,030 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% 0.5% Stage 2 70 70 67 71 68 66 70 8.1% 8.2% 8.6% 7.7% 8.0% 8.5% 7.7% Stage 3 32 33 33 33 36 34 36 42.5% 42.2% 4
Slide 18: NPL ratio (%)
16 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Europe 3.26 3.30 3.15 3.12 3.01 2.63 2.58 Spain 4.98 5.16 4.86 4.72 4.47 3.83 3.69 United Kingdom 1.35 1.30 1.27 1.43 1.42 1.17 1.16 Portugal 3.84 3.71 3.44 3.44 3.42 3.33 3.03 Poland 4.82 4.58 4.34 3.61 3.50 3.45 3.63 North America 2.39 2.28 2.56
Slide 19: Total coverage ratio (%)
17 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Europe 50.0 48.4 51.1 49.4 49.1 50.2 49.7 Spain 48.0 45.7 49.6 51.4 50.4 49.4 49.3 United Kingdom 40.5 37.4 36.6 25.8 26.1 32.9 32.4 Portugal 69.2 73.0 75.5 71.7 72.8 74.3 76.3 Poland 70.3 72.4 74.6 73.9 78.5 76.0 74.8 North America 153.4 152.3 139
Slide 20: Credit impaired loans and loan-loss allowances
18 Spain, 22.4% UK, 3.9% Portugal, 3.9% Poland, 3.6% Other Europe, 0.1% US, 18.3%Mexico, 4.6% Brazil, 25.8% Chile, 5.2% Argentina, 1.0% Other South America, 0.9% Digital Consumer Bank, 10.3% Spain, 32.4% UK, 8.6% Portugal, 3.7% Poland, 3.4% Other Europe, 0.6% US, 12.7% Mexico, 3.2% Brazil, 20.6% Chi
Slide 21: Cost of risk (%)
19 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Europe 0.51 0.49 0.48 0.39 0.37 0.37 0.36 Spain 0.79 0.91 0.97 0.92 0.88 0.79 0.71 United Kingdom 0.21 0.09 0.01 (0.09) (0.08) (0.02) 0.02 Portugal 0.38 0.41 0.35 0.09 0.03 (0.05) (0.12) Poland 1.02 0.88 0.82 0.67 0.65 0.95 1.07 North America 2.34
Slide 22: Supplementary information
20 Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary
Slide 23: Grupo Santander (EUR mn)
21 GRUPO SANTANDER (EUR mn) (*) Including: in Q1’21, restructuring costs Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 7,956 8,240 8,458 8,716 8,855 9,554 10,051 +5.2% 24,654 28,460 +15.4% Net fee income 2,548 2,621 2,641 2,692 2,
Slide 24: Grupo Santander (Constant EUR mn)
22 GRUPO SANTANDER (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 8,576 8,791 8,929 9,223 9,087 9,429 9,943 +5.4% 26,296 28,460 +8.2% Net fee income 2,730 2,779 2,754 2,829 2,880 2,998 2,989 -0.3% 8,263 8,867 +7.3
Slide 25: Europe (EUR mn)
23 Europe (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,551 2,656 2,650 2,717 2,839 2,981 3,179 +6.6% 7,857 8,998 +14.5% Net fee income 1,072 1,086 1,080 1,107 1,154 1,162 1,125 -3.1% 3,237 3,441 +6.3% Gains (losses) on
Slide 26: Europe (Constant EUR mn)
24 Europe (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,579 2,673 2,661 2,717 2,822 2,980 3,196 +7.3% 7,913 8,998 +13.7% Net fee income 1,076 1,088 1,080 1,107 1,153 1,161 1,127 -3.0% 3,244 3,441 +6.1% Gains (l
Slide 27: Spain (EUR mn)
25 Spain (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,074 1,065 998 1,028 998 1,017 1,119 +10.0% 3,137 3,134 -0.1% Net fee income 684 693 679 732 745 730 697 -4.6% 2,057 2,172 +5.6% Gains (losses) on financial transact
Slide 28: United Kingdom (EUR mn)
26 United Kingdom (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 989 1,088 1,156 1,151 1,192 1,227 1,277 +4.1% 3,232 3,695 +14.3% Net fee income 120 117 114 82 92 110 93 -15.3% 352 295 -16.1% Gains (losses) on financial tr
Slide 29: United Kingdom (Constant EUR mn)
27 United Kingdom (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,020 1,108 1,168 1,153 1,177 1,228 1,290 +5.0% 3,296 3,695 +12.1% Net fee income 124 119 115 82 91 110 94 -14.3% 358 295 -17.7% Gains (losses) on f
Slide 30: United Kingdom (GBP mn)
28 United Kingdom (GBP mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 864 938 989 976 997 1,040 1,092 +5.0% 2,791 3,129 +12.1% Net fee income 105 101 97 69 77 93 80 -14.3% 304 250 -17.7% Gains (losses) on financial transactions
Slide 31: Portugal (EUR mn)
29 Portugal (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 185 184 178 174 170 171 175 +2.7% 548 516 -5.8% Net fee income 99 110 115 116 122 123 121 -1.2% 325 366 +12.7% Gains (losses) on financial transactions and other 1
Slide 32: Poland (EUR mn)
30 Poland (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 233 242 244 302 407 486 530 +9.0% 719 1,424 +98.2% Net fee income 127 126 133 132 138 130 135 +3.9% 386 403 +4.5% Gains (losses) on financial transactions and other
Slide 33: Poland (Constant EUR mn)
31 Poland (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 226 235 238 297 403 484 537 +11.0% 700 1,424 +103.6% Net fee income 123 123 130 131 136 129 137 +6.0% 376 403 +7.3% Gains (losses) on financial transactions
Slide 34: Poland (PLN mn)
32 Poland (PLN mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,057 1,098 1,112 1,389 1,881 2,261 2,510 +11.0% 3,267 6,652 +103.6% Net fee income 576 573 606 610 637 605 641 +6.0% 1,754 1,883 +7.3% Gains (losses) on financial t
Slide 35: Other Europe (EUR mn)
33 Other Europe (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 71 76 75 61 72 80 77 -3.1% 221 229 +3.5% Net fee income 41 38 39 44 56 69 79 +14.7% 118 205 +73.3% Gains (losses) on financial transactions and other 6 (3) (1)
Slide 36: Other Europe (Constant EUR mn)
34 Other Europe (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 74 80 78 64 74 80 75 -6.3% 233 229 -1.7% Net fee income 46 42 42 47 58 69 78 +12.0% 129 205 +58.9% Gains (losses) on financial transactions and other
Slide 37: North America (EUR mn)
35 North America (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,971 1,977 2,037 2,086 2,131 2,352 2,619 +11.4% 5,986 7,102 +18.7% Net fee income 451 410 386 397 443 494 513 +3.8% 1,247 1,450 +16.3% Gains (losses) on fina
Slide 38: North America (Constant EUR mn)
36 North America (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,240 2,236 2,252 2,263 2,262 2,352 2,489 +5.8% 6,728 7,102 +5.6% Net fee income 512 461 424 430 471 493 486 -1.4% 1,397 1,450 +3.8% Gains (losses) o
Slide 39: United States (EUR mn)
37 United States (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,310 1,300 1,332 1,356 1,378 1,499 1,669 +11.3% 3,942 4,546 +15.3% Net fee income 241 191 174 176 197 198 194 -2.0% 606 588 -3.0% Gains (losses) on financial
Slide 40: United States (Constant EUR mn)
38 United States (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,487 1,476 1,478 1,458 1,456 1,504 1,586 +5.4% 4,441 4,546 +2.4% Net fee income 273 217 192 188 208 198 182 -7.9% 683 588 -13.9% Gains (losses) on f
Slide 41: United States (USD mn)
39 United States (USD mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,578 1,567 1,569 1,548 1,546 1,597 1,684 +5.4% 4,715 4,826 +2.4% Net fee income 290 231 204 200 221 210 193 -7.9% 725 624 -13.9% Gains (losses) on financial
Slide 42: Mexico (EUR mn)
40 Mexico (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 661 678 705 730 753 853 950 +11.4% 2,043 2,556 +25.1% Net fee income 204 210 203 211 245 283 303 +6.8% 617 831 +34.7% Gains (losses) on financial transactions and ot
Slide 43: Mexico (Constant EUR mn)
41 Mexico (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 753 760 773 805 805 848 903 +6.4% 2,287 2,556 +11.8% Net fee income 232 236 222 232 262 282 287 +1.8% 691 831 +20.3% Gains (losses) on financial transaction
Slide 44: Mexico (MXN mn)
42 Mexico (MXN mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 16,201 16,346 16,630 17,312 17,319 18,241 19,417 +6.4% 49,176 54,978 +11.8% Net fee income 4,995 5,077 4,781 4,998 5,641 6,061 6,170 +1.8% 14,853 17,873 +20.3% Gains
Slide 45: Other North America (EUR mn)
43 Other North America (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 0 0 0 0 0 (0) (0) -25.8% 0 0 -97.2% Net fee income 7 8 9 10 1 13 17 +27.9% 24 31 +29.8% Gains (losses) on financial transactions and other (5) (2) 1 (4)
Slide 46: Other North America (Constant EUR mn)
44 Other North America (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 0 0 0 0 0 (0) (0) -25.8% 0 0 -97.2% Net fee income 7 8 9 10 1 13 17 +27.9% 24 31 +29.8% Gains (losses) on financial transactions and other (5)
Slide 47: South America (EUR mn)
45 South America (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,570 2,756 2,916 3,065 3,037 3,390 3,411 +0.6% 8,242 9,838 +19.4% Net fee income 842 928 956 995 1,013 1,162 1,174 +1.0% 2,726 3,350 +22.9% Gains (losses) on
Slide 48: South America (Constant EUR mn)
46 South America (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,888 3,029 3,157 3,395 3,158 3,266 3,413 +4.5% 9,074 9,838 +8.4% Net fee income 958 1,032 1,030 1,099 1,053 1,123 1,174 +4.5% 3,021 3,350 +10.9% Gai
Slide 49: Brazil (EUR mn)
47 Brazil (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,778 1,917 2,081 2,091 2,143 2,279 2,251 -1.2% 5,776 6,672 +15.5% Net fee income 632 698 696 701 743 857 812 -5.3% 2,027 2,412 +19.0% Gains (losses) on financial tr
Slide 50: Brazil (Constant EUR mn)
48 Brazil (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 2,156 2,245 2,359 2,454 2,303 2,190 2,180 -0.4% 6,761 6,672 -1.3% Net fee income 766 818 788 823 798 827 786 -5.0% 2,372 2,412 +1.7% Gains (losses) on finan
Slide 51: Brazil (BRL mn)
49 Brazil (BRL mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 11,731 12,215 12,834 13,348 12,527 11,912 11,859 -0.4% 36,780 36,297 -1.3% Net fee income 4,169 4,450 4,285 4,476 4,342 4,501 4,275 -5.0% 12,905 13,118 +1.7% Gains (
Slide 52: Chile (EUR mn)
50 Chile (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 497 511 467 508 483 554 402 -27.5% 1,475 1,440 -2.4% Net fee income 95 96 104 100 112 110 120 +9.1% 294 341 +15.9% Gains (losses) on financial transactions and other
Slide 53: Chile (Constant EUR mn)
51 Chile (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 475 484 467 524 480 547 413 -24.6% 1,426 1,440 +0.9% Net fee income 91 91 103 103 111 108 122 +12.7% 285 341 +19.9% Gains (losses) on financial transactions
Slide 54: Chile (CLP mn)
52 Chile (CLP mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 433,496 441,440 425,810 477,726 437,644 498,964 376,457 -24.6% 1,300,747 1,313,065 +0.9% Net fee income 82,698 82,631 94,239 94,052 101,410 98,614 111,094 +12.7% 259,
Slide 55: Argentina (EUR mn)
53 Argentina (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 203 234 267 361 300 432 616 +42.5% 704 1,347 +91.4% Net fee income 74 87 110 149 121 143 182 +26.9% 272 445 +63.8% Gains (losses) on financial transactions and ot
Slide 56: Argentina (Constant EUR mn)
54 Argentina (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 152 192 214 299 256 407 685 +68.5% 558 1,347 +141.6% Net fee income 55 72 89 123 103 136 207 +52.1% 215 445 +106.8% Gains (losses) on financial transacti
Slide 57: Argentina (ARS mn)
55 Argentina (ARS mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 21,907 27,724 30,984 43,242 36,978 58,765 99,007 +68.5% 80,614 194,750 +141.6% Net fee income 7,977 10,342 12,802 17,770 14,875 19,625 29,856 +52.1% 31,120 64,356
Slide 58: Other South America (EUR mn)
56 Other South America (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 92 93 102 105 111 125 142 +13.7% 287 378 +31.6% Net fee income 41 46 45 46 38 52 62 +18.0% 133 152 +14.4% Gains (losses) on financial transactions and o
Slide 59: Other South America (Constant EUR mn)
57 Other South America (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 105 108 116 118 120 123 136 +10.7% 328 378 +15.1% Net fee income 46 52 51 51 41 52 60 +15.9% 148 152 +2.4% Gains (losses) on financial transact
Slide 60: Digital Consumer Bank (EUR mn)
58 Digital Consumer Bank (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 996 1,015 1,017 1,014 1,020 1,012 1,000 -1.2% 3,027 3,032 +0.1% Net fee income 188 206 222 204 206 219 204 -6.7% 616 629 +2.0% Gains (losses) on finan
Slide 61: Digital Consumer Bank (Constant EUR mn)
59 Digital Consumer Bank (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 1,002 1,016 1,022 1,013 1,017 1,012 1,002 -1.0% 3,040 3,032 -0.3% Net fee income 188 206 222 204 206 219 204 -6.6% 616 629 +2.0% Gains (losse
Slide 62: Corporate Centre (EUR mn)
60 Corporate Centre (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income (133) (164) (162) (165) (172) (181) (157) -13.0% (459) (510) +11.2% Net fee income (5) (8) (2) (12) (3) 2 (2) — (15) (3) -82.2% Gains (losses) on financial
Slide 63: Retail Banking (EUR mn)
61 Retail Banking (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 7,286 7,573 7,770 7,966 8,094 8,620 9,053 +5.0% 22,629 25,767 +13.9% Net fee income 1,721 1,768 1,754 1,801 1,816 1,975 1,967 -0.4% 5,244 5,759 +9.8% Gains (
Slide 64: Retail Banking (Constant EUR mn)
62 Retail Banking (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 7,866 8,083 8,208 8,441 8,308 8,509 8,950 +5.2% 24,156 25,767 +6.7% Net fee income 1,848 1,871 1,828 1,897 1,857 1,946 1,956 +0.5% 5,547 5,759 +3.8%
Slide 65: Corporate & Investment Banking (EUR mn)
63 Corporate & Investment Banking (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 690 716 729 785 786 928 924 -0.4% 2,135 2,637 +23.5% Net fee income 462 427 433 422 521 506 491 -3.0% 1,322 1,517 +14.8% Gains (losses) on fi
Slide 66: Corporate & Investment Banking (Constant EUR mn)
64 Corporate & Investment Banking (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 726 752 758 813 802 915 920 +0.6% 2,236 2,637 +17.9% Net fee income 489 451 447 437 532 500 486 -2.8% 1,388 1,517 +9.3% Gains (losse
Slide 67: Wealth Management & Insurance (EUR mn)
65 Wealth Management & Insurance (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 113 115 122 127 145 184 225 +22.4% 350 554 +58.5% Net fee income 289 306 315 336 321 334 327 -2.0% 911 982 +7.8% Gains (losses) on financial t
Slide 68: Wealth Management & Insurance (Constant EUR mn)
66 Wealth Management & Insurance (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income 118 120 126 131 148 183 224 +22.3% 364 554 +52.2% Net fee income 306 322 327 347 327 332 323 -2.7% 955 982 +2.9% Gains (losses) on fi
Slide 69: PagoNxt (EUR mn)
67 PagoNxt (EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income (1) (1) 0 3 2 3 6 +110.9% (2) 11 — Net fee income 81 127 140 144 157 222 232 +4.4% 349 611 +75.1% Gains (losses) on financial transactions and other (14) (4) 4 14 3
Slide 70: PagoNxt (Constant EUR mn)
68 PagoNxt (Constant EUR mn) Change Change Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q3'22 / Q2'22 9M'21 9M'22 9M'22 / 9M'21 Net interest income (1) (1) (0) 3 2 3 6 +109.9% (2) 11 — Net fee income 92 143 153 161 167 218 227 +4.0% 389 611 +57.2% Gains (losses) on financial transactions and other (14)
Slide 71: Supplementary information
69 Supplementary information Balance sheet and capital management Yield on loans and cost of deposits NPL and coverage ratios and cost of credit Quarterly income statements Glossary
Slide 72: Glossary - Acronyms
70 Glossary - Acronyms ▪ ALCO: Assets and Liabilities Committee ▪ AT1: Additional Tier 1 ▪ AuMs: Assets under Management ▪ BFG: Deposit Guarantee Fund in Poland ▪ bn: Billion ▪ Bps: basis points ▪ CET1: Common equity tier 1 ▪ CIB: Corporate & Investment Bank ▪ CoE: Cost of equity ▪ CoR: Cost of risk
Slide 73: Glossary - Definitions
71 Glossary - Definitions Notes: The averages for the RoTE and RoRWA denominators are calculated using 10 months from December to September. For periods less than one year, and if there are results in the net capital gains and provisions line, the profit used to calculate RoE and RoTE is the annuali
Slide 74: Thank You
Thank You. Our purpose is to help people and businesses prosper. Our culture is based on believing that everything we do should be:
Slide 75: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Banco Santander, S.A. Date: 26 October 2022 By: /s/ José García Cantera Name: José García Cantera Title: