Investor Presentaiton

KZ Consolidated Steelcycle SMC Sorin KZ Standalone Metal & FX Sun Metals Corporation P&L summary ('000 USD) Sales 1Q22 2Q22 3Q22 4Q22 1Q23 QoQ YOY 151,924 176,938 117,212 155,457 182,466 17.4% 20.1% ☐ Production COGS 143,389 160,318 141,978 168,893 157,649 -6.7% 9.9% SG&A 7,393 11,331 8,304 13,937 11,777 -15.5% 59.3% Production capability recovered and run at the normal operation Operating profit 1,142 5,289 -33,069 -27,370 13,039 147.6% 1041.7% ■ Sales OPM(%) 0.8% 3.0% -28.2% -17.6% 7.1% 24.8%p 6.4%p Net income 100 4,869 -24,276 -21,580 13,137 160.9% 13043.1% . Deferred sales of LGZC from 4Q22 contributed to revenue Production & sales volume recovered as operation recovered Operation Status 1Q22 2Q22 3Q22 4Q22 1Q23 QoQ YOY Zinc production (MT) 49,749 31,018 38,018 30,344 58,865 94.0% 18.3% Zinc sales (MT) 35,470 36,284 27,356 45,708 45,156 -1.2% 27.3% LGZC sales (MT) 17,292 38,097 29,740 17,148 50,690 195.6% 193.1% Operating profit SMC turned to profit as production recovered and inventory adjustment effects continued to alleviate Reduced burden from stabilized local electricity price 8

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