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CHAPTER 3 Where are we heading?

STRATEGIC PLAN 2019-2023

Our 2019-2023 Strategic Plan aims to straddle the Company's integrated mo- del, identifying and planning the actions and projects to be carried out over the next five years. All of this, in order to achieve our global purposes, and those particular to each unit and line of busi- ness, at all times aligned with a long- term strategy with a 2030 time horizon.

Our Strategic Plan maintains the above objectives and commitments, focusing on maximising profitability and value creation, increasing financial strength and achieving sustained growth in the long term. The strategic transformation process is based on three fundamental layers:

Highlights of this transformational strate- gy include: the internationalisation of our downstream business in regions such as North Africa and Latin America, the

launch of our first wind renewable pilot project, and the installation of our first ul- tra-fast charging points for electric vehi- cles whose electricity is 100% renewable.

FIRST LAYER It is intended to cover the reinforcement efforts needed to succeed in response to changing market dynamics and regulatory changes.

SECOND LAYER It supports growth in new markets, and allows us to identify and adopt new energy trends that will contribute to the energy transition.

THIRD LAYER This aims to explore new businesses oriented towards an integrated energy supply for our customers.