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Investor Presentaiton

The aluminium value chain World class assets, high-end products and leading market positions Raw materials processing and energy Primary aluminium production, marketing and recycling Aluminium in products Bauxite & Alumina • High quality Gibsite bauxite • Bauxite capacity 10.8 million tonnes (100% Paragominas and 5% MRN) World's largest alumina refinery outside China with capacity of 6.3 million tonnes Long-term sourcing contracts for bauxite and alumina Energy • Long-term power supply secured in Norway • Norway's third largest operator of hydropower with 13.0 TWh Norway's fifth largest hydropower producer - ~9.4 TWh normal renewable energy production Ownership in Lyse Kraft DA, the third largest hydro power producer New business opportunities within renewable and batteries/storage solutions Aluminium Metal 2.3 million tonnes primary capacity Leading in technology for energy efficiency and CO2-emissions Significant initiatives to decarbonize value chain for net zero aluminium production: fuel switch / renewables, carbon capture, new process technology, HalZero ⚫ High LME and USD sensitivity Improving cost position 100% of volumes for assets that are fully consolidated and pro rata volumes for other assets. Metal Markets Hydro • • Extrusions 1.3 million tonnes of extrusion shipments No. 1 position in extrusion market in North America and Europe Leading European player in building systems business with multi-brand portfolio . ~2,7 million tonnes sales . 0,6 million tonnes recycling capacity • Leading provider of low-carbon aluminium (Hydro REDUXA and Hydro CIRCAL) • • Strong marketing organization Expertise in materials with significant R&D capabilities • Flexible system • High share value-add products • Risk management • Strong market positions in Europe, • Leading global player in precision tubing segment 1.2 million tonnes of recycling capacity Asia and the US 62 62
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