IBERSOL | Annual Report 2021

Consolidated Financial Performance In the same period 32 units were closed, 15 of which franchises, in Spain. The closing of 17 self-owned restaurants is explained by the option not to renew leases of four restaurants, the conversion of two Pasta Caffé units to Taco Bell, and the end of concession contracts in the Madrid, Bilbao, and Fuerteventura airports, as well as the service station on the A8. At the end of the year, we operated 544 self-owned units, 382 of which in Portugal, 152 in Spain, and 10 in Angola, as well as 77 restaurants of our own brands operated by third parties as franchises. OPERATIONAL RESULTS Leases at Airports managed by AENA In Spain, on October 2nd 2021, the Ley 13/2021 of October was pub- lished, which provides for new rules applicable to the lease contracts of commercial establishments for catering and retail activities located in airports managed by AENA and whose application has a strong impact on the 2021 Financial Statements. The law determines that: a) the proportional part of the minimum guaranteed annual rent (RMGA), provided for in these contracts for the period between 15 March 2020 and 20 June 2020, both included, is eliminated and its payment will not be required by AENA; b) from 21 June 2020, and until the annual volume of passengers of each airport reach the verified in 2019, the minimum guaranteed 30