IBERSOL • 2023 Integrated Management Report

SPAIN INTEGRATED MANAGEMENT REPORT 2023 Founded in 1991, having first opened in Barcelona, Pans & Company is one of the leading brands in the Iberian sandwiches and Coffee & Bakery market, with a presence in the Spanish, Portuguese, Italian, and Andorran markets. Pans & Company closed 2023 with 75 restaurants, including the opening of Pans & Company in the Splau Shopping Centre (Catalonia), the refurbishment of our restaurants in the Valle Real (Cantabria) and Carcaixent and La Vital (Valencia) shopping centres. 2023 was a year of growth for the main sales channels the brand operates and the brand focused on rigorous management of its value proposition and commercial policy. The brand reinforced its investment in the media, with greater activity on the main social media platforms and in collaborations with influencers, and continued to focus on innovation, the highlight being the launch of “Street Pans” – a new Pans menu inspired by the “Street Food” concept. 121