EBITDA and Net income evolution

EBITDA and Net income evolution

1. Including Holding and Services
2. Including retail in Iberia

Net income evolution

Net income evolution

Financial plan and strategy

1. On interest expenses on debt

Cash flow generation

1. Accruals, releases, utilizations of provisions in EBITDA (i.e. personnel related and risks and charges). It includes bad debt provision accruals equal to 2.6 €bn
2. Gross Capex (contributions 2.6 €bn)
3. Including dividends paid to minorities