Elkem Company Overview and Financials

Upstream Elkem continues to develop its global integrated silicones position with a clear stronghold in the fastest-growing market Focus on strengthening silicones position ~80-100ktpa in downstream projects in backlog & pipeline combined to be launched going forward Particular stronghold in the fastest growing market Market size (BUSD) and CAGR ('20-23E) Global Largest silicones companies (net capacity)1 China Downstream Elkem -10% downstream offtake of upstream capacity through acquisitions of Basel Chemie & Polysil ~40ktpa increase in silox for downstream silicones silicones since 2017 Top 3 position globally and #2 in China, the fastest growing silicones market1 Source: Freedonia 1) Based on net silox capacity HOSHINE 18% ROW 5.9 +4.9% Elkem 17% Americas 5.5 +3.3% Wynca 13% DOW 11% Europe 5.0 +3.2% Other 41% China 6.6 +6.5% 2023E 2020 14

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