En+ Group Investment Presentation

Metals Segment EBITDA Breakdown 1H 2021 EBITDA bridge build-up (USD mn) 33 5 na 64 1H 2021 adj. EBITDA bridge build-up ○ EBITDA margin (%) (USD mn) 24 815 1,368 Aluminium segment 1 Alumina segment 2 1H 2020 EBITDA bridge build-up (USD mn) 11 342 3 33 Ent GROUP O EBITDA margin (%) 24 10 159 10 (117) 1,315 5 1,315 112 219 3 Unallocated 1H21 EBITDA 1H20 EBITDA Premiums/ Aluminuim Effect of LME Aluminium Change in cash 1H21 and quotation sales volumes sales structure period cost and other factors EBITDA na (156) O EBITDA margin (%) 5 219 Aluminium segment 1 Alumina segment 2 Unallocated 3 1H20 Group EBITDA Average LME aluminium price increase 41.0% from USD 1,592 per tonne in 1H 2020 to USD 2,245 per tonne in 1H 2021 • Sales volume of primary aluminium and alloys increased 5.8% to 2,000 kt The share of VAPs reached 50% of total aluminium sales compared to 42% in 1H 2020 • Aluminium segment remained the largest contributor to the Group EBITDA (1) Aluminium business results, excluding alumina segment margin, the results of aluminium resales and other non-production costs and expenses. (2) Alumina business results, excluding margin on sales to aluminium segment, the results of alumina and bauxite resales and other non-production costs and expenses. (3) Other non-core businesses results are represented by foil, powder, silicon sales and other operations and general and administrative expenses of the headquarter. 61

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