Santander Consumer Finance Agreement

Santander Consumer Finance Agreement

The new product called eSign Plus allows customers to choose where and when they enter into their financing agreement. Customers can now sign their financial documentation either remotely before their vehicle is delivered or on-site at the dealership. Europe`s Leading Consumer Financing, Companies of Choice between automakers, dealers and retailers Today, SCF is focused on maintaining its leadership in automotive financing and increasing financing of other products by developing digital channels. In the first half of 2020, two agreements were successfully concluded, including: an offer to acquire a majority stake in Sixt Leasing, which will allow us to expand our leasing activities throughout Europe; and the creation of a joint venture with Telecom Italia Mobile to finance consumption to the 25 million customer base they have in Italy. In addition to financial information prepared in accordance with International Financial Reporting Standards (IFRS) and derived from our financial statements, the above information contains certain financial ratios that may represent alternative performance indicators (“APMs”), as defined in the European Financial Markets Authority`s (ESMF) Alternative Performance Measures Guidelines of 5 October 2015 (AEMF/2015/1415) and other non-IFRS measures (non-IFRS measures). These CDMs and non-IFRS were calculated on the basis of Santander Group`s financial information, but are not defined or detailed in the context of current financial information and have not been audited or verified by our auditors. While we believe that these apMs and non-IFRS measures are useful in evaluating our activities, this information should be considered as additional information and not as an alternative to IFRS ratios. In addition, other companies, including companies in our sector, may calculate or apply such measures differently, reducing their usefulness as comparison measures. For more details on the APM and non-IFRS measures used by Banco Santander, S.A.

(Banco Santander), the parent company of the Santander Group, including their definition or coordination between applicable management indicators and the financial data contained in the consolidated financial statements established in IFRS, see Banco Santander`s latest business report on Form 20-F submitted to the United States.

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