#1aba Aluminium for the world INVESTOR RELATIONS PRESENTATION 2022#2DISCLAIMER aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba This document has been prepared and issued by and is the sole responsibility of Aluminium Bahrain B.S.C. (the "Company"). The document is being supplied to you solely for your information and for use at the Company's presentation. No information made available to you in connection with the presentation may be passed on, copied, reproduced, in whole or in part, or otherwise disseminated, directly or indirectly, to any other person. This document and its contents are directed only to the intended audience. It is being made on a confidential basis and is furnished to you solely for your information. By accepting this material the recipient confirms that he or she is a relevant person. This document must not be acted on or relied on by persons who are not relevant persons. Any investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons. If you are not a relevant person you should not attend the presentation and should immediately return any materials relating to it currently in your possession. Forward-looking statements speak only as at the date of this presentation and Aluminium Bahrain B.S.C. expressly disclaims any obligations or undertaking to release any update of, or revisions to, any forward- looking statements in this presentation. No statement in this presentation is intended to be a profit forecast. As a result, you are cautioned not to place any undue reliance on such forward-looking statements. You should not base any behaviour in relation to financial instruments related to the Company's securities or any other securities and investments on such information until after it is made publicly available by the Company or any of their respective advisers. Some of the information is still in draft form and has not been legally verified. The Company, its advisers and each of their respective members, directors, officers and employees are under no obligation to update or keep current information contained in this presentation, to correct any inaccuracies which may become apparent, or to publicly announce the result of any revision to the statements made herein except where they would be required to do so under applicable law, and any opinions expressed in them are subject to change without notice. No representation or warranty, express or implied, is given by the Company, its undertakings or affiliates or directors, officers or any other person as to the fairness, accuracy or completeness of the information or opinions contained in this presentation and no liability whatsoever for any loss howsoever arising from any use of this presentation or its contents otherwise arising in connection therewith is accepted by any such person in relation to such information. Page 2#3CONTENTS aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba 01 Industry Highlights 02 Alba Highlights 903 2022 Results • 04 Industry Perspectives in 2023 05 2023 Alba Priorities 906 Appendix Page 3#41 Industry Highlights are based on CRU Market Intel aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba 01 INDUSTRY HIGHLIGHTS¹ Page 4#5aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Macroeconomic Uncertainty & Turmoil Hit Aluminium Industry (+1% YoY) 2022 has been a volatile year: impact of Russia-Ukraine War, ongoing COVID-19 concerns in China, higher energy costs in Europe, rising interest rates, fears of recession and continuous supply-chain disruptions have taken their toll on the Aluminium market Demand in Middle East up by 4% YoY fuelled by higher consumption in UAE (+7% YoY), Bahrain (+1% YoY) & KSA (+1% YoY) Consumption in North America is relatively good (+2% YoY) supported by infrastructure spending as well as surge in the auto and packaging sectors Shy growth in Chinese consumption (+1% YoY) owing to COVID-19 lockdowns and logistic challenges Lower power availability, higher energy costs and inflation continue to weigh on European demand (-3% YoY) Page 5#6aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba World Market Supply +2% YoY Production in China rose by 4% YoY following 2021 supply cuts and delayed ramp ups Middle East supply: a modest increase of 3% YoY supported by UAE (+6% YoY) & Bahrain (+2% YoY) European smelting industry hit hard by escalating gas and power prices -> curtailment in supply (-8% YoY) North America production compressed due to economic slowdown (-3% YoY) World market deficit widens by 2022-end with China (420Kt) and w/o China (480kt) Page 6#7LME Price & Premiums aba Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba LME-Cash averaged US$2,707/t in 2022 highest: US$3,985/t on 7 Mar'22] -- up by 9% YoY [lowest: US$2,080/t on 28 Sep'22 and LME inventories remain low at 447Kt by end-2022 (-52% YoY) and are at their lowest level in 22 years while Chinese stocks are at 6-year low Premiums race down due to weaker demand and bearish market sentiment Major Japanese Ports (MJP¹) 250 200 150 900 750 600 US Midwest 600 500 400 DDP Rotterdam 450 300 600 218 781 809 100 480 499 177 675 172 300 592 200 148 322 444 50 99 150 100 0 0 0 Q4 2021 Q1 Q2 Q3 Q4 2022 2022 2022 2022 Q4 Q1 Q2 Q3 2021 2022 2022 Q4 2022 2022 Q4 Q1 2021 ¹Major Japanese Ports (MJP) is based on Cost, Insurance and Freight (CIF) 268 Q2 Q3 Q4 2022 2022 2022 2022 Page 7#8Alumina Price: 16% of LME Price [US$370/t] LME Price Trend (US$/t) aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba 3,700 3,267 3,300 2,900 2,764 2,500 2,882 2,354 2,324 2,100 1,700 1,300 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 19% Alumina Price Index Trend (% of LME) 16% 14% 13% 13% 16% 18% 16% 10% Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Page 8#91 Alba Highlights relate to Alba official news 02 ALBA HIGHLIGHTS1 aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Page 9#10Safety in Numbers 110 105 100 # Total Injuries # Recordable Injuries aba Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba ecovadis asi Aluminium Stewardship Initiative LTIS # 5 1,700,000 90 1,600,111 4.5 1,548,500 1,561,222 1,600,000 3.86 4 80 1,500,000 3.5 3.60 1,365,005 1,400,000 70 60 59 60 49 3 1,300,000 2.5 1,200,000 2 50 1.92 1.82 1,100,000 1.5 1,011,101 40 34 32 1 1,000,000 0.78 30 0.5 900,000 2017 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 57 32 12 12 11 9 6 3 0 1 0 1 57% YoY Reduction in Injury Frequency Rate 31,427,857 Safe Hours without any LTI on 02 October 2022) Page 10#11Major Environment, Social and Governance (ESG) Highlights aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Alba emphasised on collective cooperation between GCC Smelters for Sustainable Aluminium Production at the Gulf Aluminium Dinner (GAD) 2022 Recipient of 'Volunteer Service Award' by INJAZ Bahrain for the 2nd year in a row As part of its Decarbonisation initiative, Alba supports the second phase of Bahrain's national campaign for afforestation 'Forever Green' Alba Wins prestigious of Gulf Aluminium Council (GAC) Health and Safety Award 2022 Alba was awarded Two Major Environmental Awards from the Green Organisation Alba launches its mini plant-wide Safety & ESG Campaign 'Back to Core Basics' 4 million safe working hours without LTI achieved on 2 January 2023 Released sixth edition of Sustainability Report (w/ Quality Assurance) in January 2023. SPL Treatment Plant exceeds its target production by 3% [31,000 tonnes vs. a target of 30,000 tonnes] Alba promotes 679 employees in 2022, the highest-ever recorded in Alba's history Page 11#12ESG: A Journey, Not A Destination Decarbonisation Green Energy & Aluminium aba Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Circular Economy & Secondary Alu. Employee Welfare Collaboration & Partnership 06 Feb'22 Joined forces with BAPCO to foster green industrial development 27 Mar❜22 Signed MoU with Bahrain Polytechnic to develop talent 27 Apr❜22 CEO rollout ESG Roadmap SDGs Transparency, Comms' & Due Diligence 27 Apr❜22 Refinancing linked to ESG 12 Jun'22 Hosting Bahrain Assn of Banks to further ESG 01 Nov❜22 Supported Bahrain's Campaign for Afforestation 'Forever Green' 26 Jul'22 Supported Ras Sanad Mangrove Nursery Project Net Zero by 2060 12 Dec'22 Lunched mini plant- wide Safety & ESG Campaign 'Back to Core Basics' 12 Dec'21 Commissioning of SPL 12 Apr❜22 Relying on Digital Industry 4.0 and Al to improve Power Stations' performance Page 12#13All-Time Production (1,600,111 MT; + 2.5% YoY) wwwww قاعة الواحة OASIS HALL صنع في البحرين Made in Bahrain alba Muninn for the world فريق_البحرين #TeamBahrain 1,600,111 All-time Production Record in 2022 Aluminium for the world aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Page 13#14Operational Highlights aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Sales' volume rose to 1,568,134 MT despite market challenges (+1.1% YoY) Value Added Sales averaged 66% of the total shipments vs. 63% in 2021. VAP Sales' volume exceeds 1,042,000 MT (+7% YoY) Alba successfully reaches the financial close for its Power Station 5 Block 4 Project [US$225 million China Export and Credit Insurance Corporation ("SINOSURE") supported-facility with a 15-year tenor including a 3-year grace period] Appointed International Bechtel Co. Ltd Bechtel to conduct Line 7 Project's Feasibility Study Recipient of two major Investor Relations Awards by Middle East Investor Relations Association To accelerate its Digital Transformation objectives, Alba awarded certificates to 65 employees from 24 different departments - following their successful completion of several Industry 4.0 training courses Page 14#15Sales' Breakdown Europe By Geographic Footprint Bahrain 25% 20% 18% aba Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba By Product-Line Americas Standard/ T-Ingots 16% Billets 37% VAP Liquid 18% MENA 66% 21% 16% Asia Slabs 12% 17% Foundries Page 15#16aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Financial Key Performance Indicators - Q4 & FY 2022 EBITDA impacted by higher costs Free Cash Flow¹ impacted by working capital changes $ FY: US$1,502 million down by 8% YoY Q4: US$222 million down by 63% YoY FY: US$1,107 million down by 8% YoY Q4: US$105 million down by 78% YoY स HH FY: US$1,233 million up by 110% YoY Q4: US$507 million up by 64% YoY ¹Free Cash Flow excludes PS5 Block 4 CAPEX spending Net Income driven by lower EBITDA Alba BoD recommend Final Dividend of US$323 million to be paid in March'23 [2022 Dividend Pay-out Ratio: 40%] Page 16#17aba Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba AL HASSALAH Initiative (2-Year): Save US$100M (w/o One-Off Savings) by 2022 71 AL HASSALAH Initiative Improve Cash-Cost by US$100 million by end of 2022 AL HASSALAH (US$ Million) 10 115.34 100 Breakdown by Value Chain (US$ Million) One-Off Savings Power RM Sourcing & Others 2.01 21.46 31.86 US$115.34M 60.02 Operations Achieved 2021 Cumulative* Target* Sales, Marketing & Casthouse Alba exceeded Al Hassalah Target * Cumulative for 24 months اليا Page 17#18Alba Share Price Performance [ALBH, Bahraini Dinars] Highest in 2022 BD 1.808 02 February BD 2023 1.200 1.65 1.45 1.25 1.05 0.85 0.800 0.65 0.45 aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba 0.25 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 1.090 36% YoY Page 18#19Alba Operational Productivity Total Head Count 4,141 4,171 1,006 1,025 aba Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Value Added Sales (MT'000) as a % of Total Sales 63% 66% 978 1,042 3,135 3,146 2021 Internal 2022 External 2021 2022 Account Receivable Days' Trend Inventory Days' Trend 109 110 55 45 2021 2022 2021 2022 Page 19#20Net Debt to EBITDA Ratio Trend 3,000 5.98 8.03 118 1.36 216 2,500 6.1 276 2,000 1,500 248 2,606 2,450 2,012 2,218 1,000 500 aba Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba 0.95 249 1,424 0 2018 2019 2020 2021 2022 ■ Net Debt Cash Net Debt to EBITDA Page 20#21Refer to Alba's 2022 Audited Financial Statements 03 2022 RESULTS aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Page 21#22aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Metal Sales Bridge Analysis: 2022 vs. 2021 Higher Metal Sales Thanks to Higher LME Prices & Premiums 5,500 Metal Sales Bridge (US$M) – 2022 vs. 2021 47 5,000 240 4,500 3 443 4,000 3,500 of 9% 4,169 in LME price 3,000 2,500 by 51% YoY in Premiums 4,896 2,000 Metal Sales LME Product Mix Pricing Power Volume Metal Sales 2021 2022 Page 22#23aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Higher VAP | Lower Commodities' Volume | Higher Premiums 2022 vs. 2021 Sales by Product-Line Bridge (MT'000) Premium Above LME Trend US$/MT 1,800 65 9 500 1,600 57 450 1,400 400 +51% 1,200 350 300 1,000 447 1,551 1,568 250 800 200 600 296 150 400 100 200 50 Sales Value 2021 Added Liquid Commodity Sales Metal 2021 2022 2022 Page 23#24aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Cost Analysis 2022 vs. 2021 Higher Direct Cost Owing to Higher Alumina, CPC Prices & Throughput Direct Cost Bridge (US$M) – 2022 vs. 2021 3,500 375 45 31 3,000 19 408 2,500 2,000 1,500 2,451 1,000 10 10 20 3,171 500 Direct Cost 2021 RM RM Energy Price Consumption Price Other RM Alumina Inventory Sales' Cost Absorption Spending Plant Direct Cost 2022 *RM stands for Raw Materials Page 24#25aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Lower EBITDA Owing to Lower LME Prices, Higher Costs & Selling Expenses | EBITDA Margin at 30.7% YTD 2022 vs. YTD 2021 - EBITDA Bridge (US$M) 2,550 46 2,050 EBITDA 38.8% 727 721 1,550 1,050 1,636 550 94 EBITDA 30.7% 1,502 50 EBITDA 2021 Metal Other Sales Sales Direct Cost Selling Expenses EBITDA 2022 Page 25#26Aluminium Industry: Volatile and Weak Market Sentiment Cash Flow Bridge 2021 to 2022 -- Sound Cash Position 2021 to 2022 Cash Flow Bridge (US$M) aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Free Cash Flow (US$M) 1850 1650 1450 77 159 100 1400 1200 1250 1000 1050 1,469 812 800 850 650 600 450 400 320 587 250 200 248 249 50 0 Cash Balance 2021 CF from Operations WC Changes Spent CAPEX Block 4 CAPEX Loan Repayment Payment Cash to Balance Shareholders 2022 2021 1,233 2022 Operating & Investing Cash Flow (Excluding Block 4 CAPEX) Page 26#27aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Good Financial Performance Partially Offset by Higher Cost Financial Summary Q4 2022 Q4 2021 FY2022 FY2021 Average Cash LME (US$/MT) 2,324 2,764 2,707 2,475 Average Alumina Price (US$/MT) 370 383 420 325 Revenues¹ (US$M) 1,230 1,392 4,896 4,215 EBITDA (US$M) EBITDA% Net Profit (US$M) Gain/(Loss) Unrealised Derivatives Adjusted Net Income² ¹Refer to Note 26 (a) in the Financial Statements. 2Excludes unrealised gain/(loss) on derivatives 222 605 1,502 1,636 18% 43.5% 30.7% 38.8% 105 482 1,107 1,202 (2) 103 482 1,107 1,202 Page 27#281 Industry Perspectives are based on CRU Market Intel 04 84 aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba INDUSTRY PERSPECTIVES¹ IN 2023 Page 28#29aba Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Mixed Macroeconomic Outlook: Uncertain & Inflationary Market Sentiments Global demand consumption will be shaped by the aftershocks arising from higher inflation and interest rates, supply-chain disruptions coupled with governments' ability to continue providing stimulus. This uncertain macroeconomic outlook will cloud the Aluminium market Power shortages and surging energy costs in Europe and US are likely to increase output cuts while Chinese smelters' output will rise at a slow pace Global supply-chain pressures are set to ease and freight rates will continue to drop Regional premia under pressure owing to concerns over metal demand Weak market sentiment and a firm US$ to weigh on LME Price. Prices will range. between US$2,200/t - US$2,400/t Page 29#30aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Raw Materials Price Trends (Al2O3, AIF3 and GPC) ☞ Alumina spot prices to remain high in Q1 2023 due to high energy cost in Europe which could potentially lead to tighten the refineries' supply Aluminium Fluoride prices expected to edge higher owing to increased raw materials' cost Carbon products' prices (GPC, CPC & Anodes) to remain at the higher range supported by strong demand Liquid Pitch prices are expected to ranger higher owing to supply cuts in the market Page 30#3105 aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba 2023 ALBA PRIORITIES Page 31#32aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba ESG Focus & Journey Towards Safety Excellence Continue our Safety journey by adhering to 'Safety is our Operating License' Embed ESG in our operations and processes as well as deliberate with various stakeholders potential ESG initiatives to further sustainable value across our value chain and in line with Bahrain's objectives for 'Net Zero Emissions' by 2060 Exceed 2022 Net Finished Production of 1,600,111 MT in 2023 and continue with AL HASSALAH Top Up Continue to screen potential Upstream Opportunities to secure 1/3 Alumina requirements Capitalise on Aluminium Stewardship Initiative (ASI) and Ecovadis Certifications to penetrate new markets and amplify VAP Sales Progress with PS5 Block 4 and Solar Farm to scale up our efficiency Accelerate Bechtel's Feasibility Study for Line 7 Page 32#33للرئيس التنفيذي المجلس السنوي CEO Annual Majlis 2023 SAFETY IS OUR OPERATING LICENSE السلامة هي رخصتنا للعمل Name: Sara Almatooq ID: 12796 Engineering Department للرئيس التنفيذي المجلس السنوي CEO Annual Majlis 2023 AL HASSALAH TOP UP زيادة وفورات الحصالة دگاه للرئيس التنفيذي المجلس السنوي CEO Annual Majlis 2023 abo Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba للرئيس التنفيذي المجلس السنوي CEO Annual Majlis 2023 BE READY TO TAKE OFF SAFELY DON'T LIMIT YOURSELF كن مستعدًا للانطلاق بأمان PEDE THE UNITE G. 7 G56098239G 7 la but la MAARBARA ON OF AMERICA 6560982395 US$ 100 MILLION SOLAR FARM PS5 BLOCK & LINET لا تضع حدا لطموحاتك INDUSTRY 4.0 Page 33#3406 aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba APPENDIX – Q4 2022 - - - Page 34#35aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Metal Sales Bridge Analysis: Q4 2022 vs. Q4 2021 Lower Metal Sales Owing to Lower LME Prices and Premiums Metal Sales Bridge (US$M) - Q4 2022 vs. Q4 2021 1,600 1,400 201 1,200 1,000 800 1,390 600 400 of 16% in LME price 17 17 1 57 ▼by 9% YoY in Premiums 1,230 200 Metal Sales LME Product Mix Pricing Power Volume Metal Sales Q4 2021 Q4 2022 Page 35#36aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Higher VAP, Liquid & Commodities' Volume | Lower Premiums Sales by Product-Line Bridge (MT'000) Q4 2022 vs. Q4 2021 Premium Above LME Trend US$ Per MT 550 450 500 9 3 6 450 350 400 350 441 300 250 -9% 250 402 459 367 150 200 50 Sales Value Q4 2021 Added Liquid Commodity Metal Sales Q4 2022 Q4 2021 Q4 2022 Page 36#37aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Higher Direct Cost Due to Higher Raw Materials' Cost and Energy Price 1,100 1,000 900 Direct Cost Bridge (US$M) – Q4 2022 vs. Q4 2021 10 24 2 10 800 700 600 752 500 29 37 2 107 959 400 Direct Cost Q4 2021 RM RM Energy Price Consumption Price Other RM Alumina Sales' Cost Inventory Absorption Absorption Plant Spending Direct Cost Q4 2022 *RM stands for Raw Materials Page 37#38aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Lower EBITDA Owing to Lower LME Prices, Higher Costs & Selling Expenses | EBITDA Margin at 18% - EBITDA Bridge (US$M) – Q4 2022 vs. Q4 2021 700 EBITDA 43.4% 600 500 400 300 605 200 100 0 160 2 208 13 EBITDA 18% 222 EBITDA Metal Other Q4 2021 Sales Sales Direct Cost Selling Expenses EBITDA Q4 2022 Page 38#39aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Aluminium Industry: Volatile and Weak Market Sentiment Cash Flow Bridge Q3 2022 to Q4 2022 -- Sound Cash Position Q3 2022 to Q4 2022 Cash Flow Bridge (US$M) Free Cash Flow (US$M) 950 850 750 51 51 306 560 650 460 550 360 485 450 252 260 350 0 250 278 150 60 160 309 249 60 50 Cash CF WC CAPEX Balance from Changes Spent 3Q22 Operations Block 4 Loan Payment Cash CAPEX Repayment to Balance Shareholders 4Q22 -40 Q4 2021 507 Q4 2022 Operating & Investing Cash Flow (Excluding Block 4 CAPEX) Page 39#40Alba Shareholder's Structure ok Mumtalakat INVESTING FOR BAHRAIN سابك sabic aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Bahrain Mumtalakat Holding Company SABIC Industrial Investment Company General Public 69.38% 20.62% 10% Alba was converted into a Bahrain Public Joint Stock Company on 23 November 2010 Alba shares are listed on two exchanges: Ordinary Shares on Bahrain Bourse and Global Depository Receipts (GDRs) on the London Stock Exchange - Alternative Investment Market Alba Ticker [BHB: ALBH, BD 1.090 on 31 December 2022] Page 40#41f Alba4World aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba For more information, please contact us on: [email protected] Alba4World YouTube user/Alba4World Alba4World Page 41