IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 In 2023, eleven new concession spaces began operating at Madrid, Tenerife and Malaga airports on a provisional basis, until the conversion to the definitive formats presented in the tender, which is currently underway, is completed. The upturn in traffic, in parallel with the start of operations of the new concessions, led to growth of 28.1% compared to the previous year, without taking into account the effect of the Burger King restaurants located in concession spaces. The “Counters” segment of continuing operations maintained its good performance, recording growth of 22.5% compared to 2022, with the decisive contribution of expansion, namely of the KFC and Taco Bell brands, which took place at the end of 2022 and during 2023. The “Restaurants” segment, which reflects a concept of higher average revenue and a greater component of own delivery service – and which is thereby more exposed to greater competition from aggregators – recorded a more moderate growth of 5% compared to the same period in 2022. In Spain, during 2023, 10 equity restaurants were definitively closed as a result of the expiry of the concession for eight restaurants at Menorca airport and the option not to renew the lease contracts for two restaurants, in addition to the closure of six franchised restaurants, with the opening of 14 restaurants (eleven new concessions at airports and three new KFC and Pans restaurants). In addition, a new concession contract began at Lanzarote airport, where the group ensured that it would continue to operate the seven restaurants it was already operating and an additional restaurant, with the definitive formats due to open in 2024. In Portugal, 18 new KFC, Taco Bell, Pizza Hut and Pans restaurants were opened. At the end of the year, we operated 443 equity restaurants, 313 of which were in Portugal, 120 in Spain and 10 in Angola, as well as 59 own-brand restaurants operated by third parties on a franchise basis. 149