Global Leader in Hydro Power and Aluminium

Industry Leading Sector Margins Adj. EBITDA margin for power companies 2019¹ Adj. EBITDA margin for aluminium companies 2019² (%) Ent GROUP (%) En+ Group (Power Segment) 38% 38% HPPS 1 86% En+ Group En+ Group (Metals segment) 10% China Yangtze Power Eletrobras HydroQuebec Engie Brasil SDIC Power Fortum 32% RusHydro 29% Verbund 29% Iberdrola 26% EDF 23% Enel 21% EDP 21% 63% 58% 52% 50% 81% Alcoa Hindalco Novelis Chalco Norsk Hydro Century 5% 7% 9% 11% 12% Lower costs and efficient operations drive industry leading margins in both business segments Source: En+ Group, companies' public filings, Thomson Reuters, Factset. Note: EBITDA calculation and its respective adjustments vary according to each company's own methodology. (1) China Yangtze, SDIC Power, HydroQuebec, RusHydro, Verbund, Eletrobras, Iberdrola, EDP and Enel figures as of FY18. (2) Novelis, Chalco and Century figures as of FY18. En+ Group overview Investment highlights Sustainable business development Results snapshot 16% 18% 16 Power segment Metals segment

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