IBERSOL | Annual Report 2021

ANNUAL REPORT 2021 One should highlight the fact that although the policy of refurbishing and openings was affected, it never stopped and can even be de- scribed as very energetic. Ibersol added six new KFC restaurants to its portfolio, which were opened over the year, plus seven new Taco Bell units. I would also point to the good performance registered by Pizza Hut, which reacted brilliantly to the challenges of the pandem- ic, both in terms of delivery, and in-house, having even opened five new units. The Ibersol Group showed itself to be the driving engine of the growing presence of Burger King in Portugal. In 2021 it opened 12 new Burger King restaurants and closed the year with a total of 119 Group operated units in Portugal, out of a total 150 in Portugal. To support the challenges resulting from the impact of the second year of the pandemic and, also, to strengthen itself for the required investments, the Group underwent a share capital increase, aimed at shareholders, which endowed it with the necessary means to carry out the strategic guidelines and, especially, to keep up the normal rate of investment and expansion and, thereby, sustain and increase business market share. This operation was successful and showcases the trust felt by shareholders with total demand standing at around 146% of supply. This resulted in a net financial increase of 40 million euros. 2021 was also a year in which the Group’s environmental sustainabil- ity policies stood out, and there I would like to point to the partner- ships that allowed us to make use of 170 electrical motorcycles for the delivery services of the Burger King and Pizza Hut brands. The Group estimates that it achieved a reduction of over 500 thousand kilos of CO2 emissions, and 400 thousand litres of fuel spent annu- ally through the use of these electrical vehicles in delivery services. In environmental terms, the Ibersol Group continued to intensify best 7