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Investor Presentaiton

CLASSIFICATION: C1 - CONTROLLED Operational performance review Production (MT' 000) 19 324 1H-20 +1% +1% 328 163 165 -4% 334 1H-21 Q1-21 Q2-21 Sales volumes (MT' 000) +1% 319 159 160 1H-20 1H-21 Q1-21 Q2-21 Selling prices ($/MT) +26% +11% 2,325 2,203 2,449 1,845 1H-20 1H-21 Q1-21 Q2-21 1H-21 production volumes slightly increased compared to 1H-20, mainly due to higher amperage and production of value-added products (VAP). Q2-21 production volumes slightly increased compared to Q1-21. 1H-21 sales volumes marginally down as compared to 1H- 20, as more VAP was sold during 2021 with delayed Incoterms compared to last year's sales of standard ingots. Q2-21 sales volumes slightly up by 1% versus Q1-21. During 2021, selling prices improved on account of overall increase in aluminum prices globally, on the back of renewed global demand for aluminium, whereby sectors such as construction and automotive witnessed growth on the back of constructive economic drivers. The prices were supported by supply side constraints, on account of decarbonization drive and supply chain bottlenecks. QAMCO, IR Presentation, 1H-21
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