IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 OPERATIONAL RESULTS 2021 In a year that was still heavily affected by the pandemic, during which there were several restrictions on mobility and the normal operation of restaurants, the ability shown by the Group’s different businesses to adapt, the support received according to employment protection plans and normalisation incentives, and the impact of the application of Ley 13/2021 on Spanish concession contracts, allowed for a recovery of around 103.5 million euros in operational results, compared to 2020. 2021 2020 var. Turnover 357,3 288,9 23,7% Cost of sales 88,4 24,7% 73,7 25,5% 19,8% Gross margin % 75,3% 74,5% +0,8 p.p. External supplies and services 89,9 25,2% 69,6 24,1% 29,2% Personnel costs 113,4 31,7% 106,5 36,9% 6,4% Amortisation, depreciation and impairment losses of TFA, Rights of Use, Goodwill and IA 83,7 23,4% 94,5 32,7% -11,5% Other income/operating costs -70,2 -19,6% -4,6 -1,6% 1441,1% Operational Results 52,2 14,6% -50,9 -17,6% 202,6% Margin 14,6% -17,6% +32,3 p.p EBIDTA 135,9 38,0% 43,6 15,1% 211,9% Margin 38,0% 15,1% +22,9 p.p (Million euros) Gross margin The gross margin was 75.3% of turnover, 0.8 p.p. above the previ- ous year (2020: 74.5%), demonstrating, on one hand, the effect of a reduction in losses of perishable raw material in 2020, following an abrupt interruption of restaurant activity and, on the other, the recovery of operations of less aggressive promotional concepts, and thereby with higher margins. 33