Global Leader in Hydro Power and Aluminium
Strong Investment Fundamentals
"Best in class” equity story characteristics
1
Industry
position
2
Cost
Leadership
1.1. Leadership in geography, sector or
segment
1.2. Size and business model scalability
2.1. Lowest cost position on the global cash
curve providing cash flow resilience
En+ Group alignment
World class asset - global benchmark in aluminium market
Ent
GROUP
#1 aluminium producer by production volumes in the world (ex-China)¹
✓ #1 independent hydro power producer globally²
Lowest cash curve position on integrated basis
-
Vertically integrated green business model – unique world-class power and
aluminium asset base
3.1. Large, growing and diversified
3 fundamentals addressable market
Strong
of end market
4
Cash
generation
and growth
potential
3.2. Limited competition and high barriers to
entry
4.1. Strong cash generation and cash flow
resiliency
4.2. Proven, organic and resilient value-
accretive growth
Corporate
5 governance
management
5.1. Board independence
5.2. Experienced and passionate
management team with track record
(1) According to CRU estimates. (2) According to SEEPX.
and
Fundamental aluminium demand drivers - structural shifts in electric vehicles
and power infrastructure
Continued impact from Chinese government environmental measures
Strong cash flow resiliency and robust margins on the back of well-invested
operationally efficient asset base
Potential for shareholder friendly capital allocation
-
Robust corporate governance – highly experienced majority independent
board
Strong management team - proven capability of delivering on complex
projects and operations
10
En+ Group overview
Investment highlights
Sustainable business
Results snapshot
development
Power segment
Metals segmentView entire presentation