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Investor Presentaiton

Growing recycling capacity, and securing scrap, supports 2030 targets Recycling targets 2030¹) Increasing green field capacity Re-born in the USA dro Growing and extracting value from post-consumer scrap You don't need a desk to be a be Always crushing PCS usage capacity Tonnes ('000) 520-670 560 Just ents an't live without people. • Production start at Cassopolis, U.S. Increasing annual recycling capacity with 120 kt, and post-consumer scrap use with 40 kt Investing in Torija, Spain recycler Increasing annual recycling capacity with 120 kt, and post-consumer scrap use with 70 kt Padnos joint venture Industrializing HySort in the U.S., enabling more upcycling of 20 kt annual post-consumer scrap Alumetal integration Implementing identified synergies of EUR 10-15 million by 2027 - Recycled ingot to Norwegian smelters and combining sorting capabilities 280 2020 Recycling EBITDA NOK billion 850-1,200 2023 2025 2030 2.9 2.6-3.0 1.4 5-8 2020 2023 2025 2030 Realized Target Installed capacity ramping up 11 1) Range based on capex. High-range include ~70% of further potential capex given market and M&A. Including Alumetal for July 2023
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