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Investor Presentaiton

Lifting Extrusions EBITDA towards 2025 through cost improvements and leveraging growth projects Extrusions EBITDA NOK billions Continued cost reduction programs, including procurement and EBS 5.7 0.8 1.3 Uplift from projects under execution 0.6 0.9 Customer partnerships and Commercial Excellence initiatives 8.0 -1.3 Hydro Actual 2021 EBITDA Underlying market growth Core improvement levers Commercial ambitions Uplift from growth projects Inflation and other adjustments Adj. EBITDA target 2025 121

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