IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 2021 2020 Portugal Spain Portugal Spain Method used Use Value Use Value Base used* Projections with perpetuity Projections with perpetuity Projections with perpetuity Projections with perpetuity Used Period (years) 5 5 5 5 Discount rate for the period (WACC)** 6,7%/7,3% 6,4%/6,9%/7,5% 7,3%/7,6% 6,6%/6,9%/8,5% * The discount rate presented was calculated based on the methodology WACC (Weighted Average Cost of Capital). ** According to the business segment, Quick service (Burger King, Pans and KFC), Restaurants and Travel, respectively. The growth rate in perpetuity used in cash flow projections is 2%. Results of impairment tests The tests performed on Ibersol Group restaurants with signs of impairment resulted in the need to record impairment in the amount of 4,861,694 Euros (4,210,240 euros in property, plant and equipment assets and 651,454 euros in intangible assets) in 2021 and 831,559 euros in 2020 (only related to property, plant and equipment as- sets), as follows: Unit Segment Recovarable amount (use value) Assets account value Property, plant and equipment Impairment losses Intangible assets Impairment losses Total 2021 Aeroport Gran Canaria (ES) Concessions and Travel 0 1 116 441 1 092 082 24 359 1 116 441 Aeroport Malaga (ES) Concessions and Travel 333 355 1 346 916 996 222 17 339 1 013 561 Service Areas (5 units) Concessions and Travel 1 549 914 2 809 884 650 214 609 756 1 259 970 KFC (1 unit) Counters 0 616 438 616 438 - 616 438 Burger King (1 unit) Counters 520 662 778 705 258 043 - 258 043 Pans & C.ª (1 unit) Counters 0 518 577 518 577 - 518 577 FrescCo (1 unit) Restaurants 0 23 228 23 228 - 23 228 Storage (ES) Restaurants 206 114 261 550 55 436 - 55 436 Total 2 610 045 7 471 739 4 210 240 651 454 4 861 694 379