Investor Presentaiton

Capital return dashboard for Extrusions Returns in line with the cost of capital reflecting leading market positions in high value segments and portfolio optimization Capital employed in Extrusions Hydro 11 % 10% 9% 7% 6% 6% 6.5 BNOK 7-8% 23 % ~27 BNOK 2018 2019 2020 2021 2022 2023 (31 Dec '23) Adjusted EBITDA FY 2023 Return requirement 1.7 +1.0 BNOK 2024-2030 incremental EBITDA from improvement potential and commercial ambitions ~8% 2018-2023 average ARoaCE Capex, BNOK 5.0 4.0 Investments in new 3.0 presses and recycling projects to support growth 2.0 1.0 0.0 2023 actual 2024 guiding 2025-28 guiding Growth and return-seeking Sustaining HV Growth Strategic theme 43

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