Investor Presentaiton

Strong Market Sentiment Fuels Rebound in LME Price Cash Flow Bridge - Q3 2021 to Q4 2021 850 aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B.S.C. (Alba Q3 2021 to Q4 2021 Cash Flow Bridge (US$M) Free Cash Flow (US$M) 310 217 700 260 589 550 68 4 224 210 160 400 110 100 250 272 100 60 248 5 10 Cash CF WC CAPEX Line 6 Balance from Changes Spent Capex 3Q21 Operations Loan Payment Cash Repayment to Balance Shareholders 4Q21 -44 -40 Q4 2020 304 Q4 2021 Operating & Investing Cash Flow (Excluding L6 CAPEX) Page 37

View entire presentation