Investor Presentaiton

ALUMINIUM EBITDA BRIDGE (YOY and QoQ) Softer commodity prices and one-offs 2,917 -1,342 104 15 1,693 774 1,206 -46 • Highlights Unfavorable commodity prices QoQ and YoY Lower primary aluminium and FRP volumes YoY One-off industrial utilities and pot relining costs YTD Lower sales prices partially offset by lower raw material costs Higher personnel costs and volume related costs QoQ Aluminium EBITDA Bridge (QoQ) 342 -1,215 353 -853 EBITDA 9M-FY22 Price effect Major raw material costs Severance fees Sub-total Volume effect Cost of sales* Others** Adj. EBITDA One-off & other adj. EBITDA 9M-FY23 Market led *including change in inventory, excluding D&A (SAR million) **including exploration, G&A, S&M, other income/expense (net), share of profit from JVs Business led One-offs -128 102 286 -30 EBITDA Q2-FY23 Sales price effect Sales vol. effect Cost* EBITDA Q3-FY23 *all other costs, including raw material and one-off contractual costs, JV share of profit, and other income/expense MAADEN معادن 18

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