IBERSOL | Integrated Management Report 2022

CONSOLIDATED FINANCIAL PERFORMANCE The financial autonomy ratio, as a reflection of the disposal of Burger King, as well as the recovery of the Groups’ activity, increased to 58.8% in 2022, from 36.2% in 2021. CAPEX In 2022, the 44.1 million euros CAPEX represents an increase of 10.8 million euros compared to 2021, corresponding to investment in: - Expansion: opening of 33 new restaurants (23.8 million euros); - Refurbishment: 30 units in Portugal and Spain (5.5 million euros) - Current miscellaneous investments in the amount of 6.0 million euros; - Investment incurred in the discontinued operations of Burger King in the amount of 8.8 million euros. Net Debt At the end of the year, net debt was negative by 79.2 million euros, which represents a reduction of 290.2 million euros compared to the amount outstanding at the end of 2021 (211.0 million euros). (million euros) 2022 2021 Var. Fixed assets additions 40,4 29,7 10,7 Intangible assets additions 3,7 3,6 0,1 Capex 44,1 33,3 10,8 156