Investor Presentaiton

Hydro Extrusions Results up on higher margins and sales premiums in recyclers, partly offset by lower sales volumes and higher costs Key figures External sales volumes, kmt Adjusted EBITDA, NOK million Adjusted EBIT, NOK million Adjusted RoaCE, % LTM1) Q4 2022 Q4 2021 Q3 2022 265 301 301 939 665 1,385 168 (122) 640 11.4% 10.3% 10.9% Adjusted EBITDA NOK million 2 331 2 365 1 744 1 830 1 457 1 385 665 939 5 695 2021 7 020 2022 1) Adjusted RoaCE calculated as Adjusted EBIT last 4 quarters less 25% tax / Average capital employed last 4 quarters • Results Q4 22 vs Q4 21 • Increased results from the recyclers, driven by increased sales premiums Strong contributions from strategic segments Lower sales volumes Higher fixed and variable costs Q4 21 was negatively impacted by non-recurring cost of NOK ~330 million Outlook Q1 23 Continued strong margins Continued market uncertainty, and softening extrusions markets Lower recycling volumes and premiums 17

View entire presentation