IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 In Angola, and despite the good performance in local currency, activ- ity in 2023 was marked by the sharp devaluation of the exchange rate (more than 50 per cent in the case of the AKZ versus the EUR), espe- cially from June onwards, which led to a reduction in activity in euros. Monthly sales evolution in Angola (2023) 30% 20% 10% 0% -10% -20% -30% -40% Monthly sales evolution in Spain (2023) 5 60% 50% 40% 30% 20% 10% 0% jan feb mar apr may jun jul aug sep oct nov dec AKZ Sales EUR Sales 15% 23% 14% 17% 13% 2% 16% -8% 17% -11% 13% -39% 19% -34% 20% -34% 27% -27% 23% -24% 21% -22% 30% -13% jan feb mar apr may jun jul aug sep oct nov dec Same Store Sales News Restaurants % 7% 49% 9% 37% 9% 33% 6% 14% 13% 11% 14% 6% 13% 6% 13% 3% 15% 5% 15% 14% 13% 11% 8% 5% 147