IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 Founded in 1991, Pans & Company opened its first restaurant in Barcelona. Today it is one of the leading brands in the Iberian market in the Sandwiches and Coffee & Bakery categories, with a presence in the Spanish, Portuguese, Andorran and Italian markets. In Spain, Pans & Company closed the financial year with 76 restaurants (45 owned and 31 franchised). Throughout 2024, we highlight the openingof anewrestaurant inTarragona, at thehigh-speed trainstation, and the strengthening of the brand’s presence in the Community of Madrid, with two openings in shopping centres (Parque Corredor and Islazul) and three at Adolfo Suárez Airport. We also note a change of location at Lanzarote Airport and the closure of two franchised restaurants in Barcelona (one in León and the other in Granada). 2024 was a year of growth for Pans, particularly in the delivery service where the brand has been consolidating its position in the market, marked by a strong commitment to product innovation, embodied in various campaigns to launch new sandwiches and complementary products. The year 2024 was also marked by the launch of the new Pans APP in Spain and by the partnership with the Too Good to Go platform, with which Pans reaffirms its commitment to reducing food waste; by various initiatives to support the communities in which we operate, of which we would highlight the collaboration with the 33rd edition of TV3’s “La Marató”, which this year was dedicated to the diagnosis and treatment of respiratory diseases; and the support given to Cruz Roja volunteers in their intervention with the people of the Valencian Community affected by Storm Dana. In terms of processes, it is worth highlighting the digitalisation of the risk analysis and critical point control process in all of the brand’s own restaurants as a measure to simplify quality control and food safety for the products we offer. SPAIN 67