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2021 INTEGRATED MANAGEMENT REPORT

ENERGY CONSUMPTION*

2021 2020 2019 2018 2017

Non-renewable fuel purchased and consumed (MWh) 21,212,914 21,356,680 24,854,836 22,789,336 23,214,864

Non-renewable electricity purchased (MWh) 1,031,325 1,214,577 1,255,004 1,627,448 1,958,180

Steam, heating, refrigeration and other energies (non-renewable) purchased (MWh)

605,379 637,562 692,880 642,396 672,029

Total renewable energy purchased or generated (MWh) 889,204 795,651 1,153,051 1,142,583 683,714

Total non-renewable energy sold (MWh) 2,785,808 2,916,875 2,341,230 2,772,810 2,755,199

Total consumption of non-renewable energy (MWh) 20,335,369 20,291,944 24,461,491 22,286,370 23,089,874

Cost of energy consumed ( ) ** 1,548,873.85 256,514.88 372,080.71 685,161.03 611,863.50

* This total energy consumption is non-renewable and does not therefore the sum of GRI energy consumption, which includes renewable and non-renewable energy. ** Calculated with annual market reference prices of natural gas and power to let evaluate the trend, not reflecting the real cost by contract in Cepsa.

SASB EM-RM-410a.1

RENEWABLE VOLUME OBLIGATION

Exploration and Production

(%) 2021 2020 2019 2018 2017

Renewable volume obligation (RVO) percentage fulfilled by producing renewable fuels, including biofuels, cellulosic biofuels, ethanol, advanced biofuels and other renewable fuels

0.35 0.29 0.57 0.61 0.35

Percentage of the RVO fulfilled by purchasing «separate» renewable identification numbers (RIN).

0.69 0.88 0.68 0.70 0.98

RVO breakdown and analysis by fuel type.

Of the 9.35% of biofuels included in market

sales, the breakdown is 1G 5.55% and

UCO+Advanced, 3.8%.

CEPSA - 2021 INTEGRATED MANAGEMENT REPORTCEPSA - 2021 INTEGRATED MANAGEMENT REPORTCEPSA - 2021 INTEGRATED MANAGEMENT REPORTLETTER FROM THE PRESIDENTLETTER FROM THE CEOLETTER FROM THE CEOLETTER FROM THE CEO1.1 A new organization to lead the energy transition1.1 A new organization to lead the energy transition1.2 2021 milestones1.2 2021 milestones1.3 Main Indicators1.3 Main Indicators1.3 Main Indicators1.3 Main Indicators2.1 Value chain2.1 Value chain2.2 Our activities2.2 Our activities2.2 Our activities2.2 Our activities2.2 Our activities2.2 Our activities2.2 Our activities2.2 Our activities2.2 Our activities2.2 Our activities2.3 Our global presence2.4 SDG Commitment2.5 Innovation2.5 Innovation2.5 Innovation2.5 Innovation2.6 Stakeholders2.6 Stakeholders2.7 Our costumers2.7 Our costumers2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment2.8 A diverse and inclusive work environment3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.1 Climate change management3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.2 Reducing our environmental impact3.3 Human rights3.3 Human rights3.4 Health and safety of people and facilities3.4 Health and safety of people and facilities3.4 Health and safety of people and facilities3.4 Health and safety of people and facilities3.4 Health and safety of people and facilities3.4 Health and safety of people and facilities3.4 Health and safety of people and facilities3.4 Health and safety of people and facilities3.5 Sustainable supply chain3.5 Sustainable supply chain3.5 Sustainable supply chain3.5 Sustainable supply chain3.5 Sustainable supply chain3.5 Sustainable supply chain3.6 Commitment and contribution to social development3.6 Commitment and contribution to social development3.6 Commitment and contribution to social development3.6 Commitment and contribution to social development3.7 Transparency and fiscal responsibility3.7 Transparency and fiscal responsibility3.7 Transparency and fiscal responsibility3.7 Transparency and fiscal responsibility3.8 Ethical management3.8 Ethical management3.8 Ethical management3.8 Ethical management3.8 Ethical management3.8 Ethical management4.1 Global macroeconomic context4.2 Industry context4.2 Industry context4.2 Industry context4.2 Industry context4.2 Industry context5.1 Main financial and operational indicators5.1 Main financial and operational indicators5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.2 Analysis of the consolidated results5.3 Liquidity and capital resources5.3 Liquidity and capital resources5.3 Liquidity and capital resources5.3 Liquidity and capital resources5.3 Liquidity and capital resources5.3 Liquidity and capital resources5.3 Liquidity and capital resourcesAppendix 1 About this reportAppendix 1 About this reportAppendix 2 The company's main risksAppendix 2 The company's main risksAppendix 2 The company's main risksAppendix 2 The company's main risksAppendix 2 The company's main risksAppendix 2 The company's main risksAppendix 3 Internal control systemAppendix 3 Internal control systemAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 4 Sustainability additional informationAppendix 5 Financial additional informationAppendix 5 Financial additional informationAppendix 5 Financial additional informationAppendix 5 Financial additional informationAppendix 5 Financial additional informationAppendix 5 Financial additional informationAppendix 5 Financial additional informationAppendix 5 Financial additional informationAppendix 6 EU TaxonomyAppendix 6 EU TaxonomyAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 7 GRI indicators indexAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 8 Table of contents of the nonfinancial information lawAppendix 9 SASB indicators indexAppendix 9 SASB indicators indexAppendix 9 SASB indicators indexAppendix 9 SASB indicators indexAppendix 9 SASB indicators indexAppendix 9 SASB indicators indexAppendix 9 SASB indicators indexAppendix 9 SASB indicators indexAppendix 9 SASB indicators index
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