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Investor Presentaiton

CAPITAL ALLOCATION FRAMEWORK Strategically deploying and investing capital for long-term sustainable growth Alignment with Vision 2030 Strengthen KSA's presence in the global supply chain, contribute to economic diversification and growth, and solidify its position in the metals of the future . Commitment to Saudi Arabia Organic growth and development of near-term growth projects JVs and partnerships to accelerate exploration and build mining ecosystem in KSA Invest in global mining assets Strategic JV with the PIF to invest in global mining assets on a shared-risk basis (51% Ma'aden | 49% PIF) flow to secure critical materials • • Access to transactions and future deal • Focus on value accretive and earnings enhancing options • SAR 3.1bn CAPEX (Growth & Sustaining) SAR 500mn Exploration Up to SAR6bn Investment Strengthen balance sheet OMO Further reduce outstanding debt to strengthen overall financial position Flexibility to capture future market opportunities and respond to challenges No set cash dividends at this time 2x 3x Net Debt/EBITDA Maximize long-term value for shareholders and all stakeholders 30% 40% Debt/Capital 32
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