Investor Presentaiton

2023 OUTLOOK Low-cost profile and exploration focus to deliver resilience through commodity cycles Markets Ammonia Ma'aden Positioning Phosphates • • Supply returning to normal as operational issues resolve in Q4 Stabilizing demand due to partial fertilizer recovery • Leading production capabilities • First quartile cost position • Granulated Fertilizer Focus on cost efficiencies and targeted global sales • Long-term contracts and global customer base to mitigate risk • • Expected market firmness from improved demand Supply tightness from key exporters in Q4 . • Aluminium Lower manufacturing activity and softer demand in an uncertain environment Maintain cost competitive position • Aligned with domestic market growth • Base Metals & Gold prices uplift in the short-term • • New Minerals Copper demand fundamentals remain strong with energy transition • Diversified market mix to sustain market challenges Mansourah-Massarah ramp up Strategic partnerships and exploration program MAADEN معادن 26

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