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Investor Presentaiton

Aluminium Industry: Volatile and Weak Market Sentiment Cash-Flow Bridge Q3 2023 to Q4 2023 600 500 400 210 300 200 284 100 Q3 2023 to Q4 2023 Cash-Flow Bridge (US$M) 212 166 44 337 0 500 400 aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Free Cash Flow (US$M) 300 507 200 100 159 256 0 0 Cash CF Balance from Q3 23 Operations WC CAPEX Changes Spent Block4 CAPEX Net Debt Payment Cash Servicing to Balance Shareholders Q4 23 Q4 2022 Q4 2023 Page 39
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