Investor Presentaiton

Capital return dashboard for Extrusions Returns in line with the cost of capital reflecting leading market positions in high value segments and portfolio optimization Capital employed in Extrusions Hydro 23% ~26 BNOK (31 Dec.22) 1.0 +1.1 BNOK 2023-2027 incremental EBITDA from improvement potential and commercial ambitions 7% 7% 6% 6% 11 % 10% 7.0 BNOK 7-8% 2017 2018 2019 2020 2021 2022 Adjusted EBITDA FY 2022 Return requirement ~8% 2017-2022 average ARoaCE Capex, BNOK 4.0 3.0 Investments in new 2.0 presses and recycling projects to support growth 1.0 0.0 2022 actual 2023 guiding 2024-26 guiding Growth and return-seeking Sustaining HV Selective growth Strategic theme 123

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