Elkem Company Overview and Financials

Clear integrated strategy and proven ability to drive volumes in downstream silicones Focused strategy to enhance silicones growth and profitability Upstream Intermediaries Silox Core Products Downstream Specialty silicones Large total market, addressability reliant on characteristics such as quality, shelf life & purity Underlying price volatility1 Silox consumed by downstream silicones (ktpa) M&A since 2018 Organic focus Key profitability drivers Elkem 1) Illustrative segment price POLYSIL Basel Chemie Acquisitions to further accelerate downstream offtake via specialty products Upstream cost competitiveness and scale High quality / high purity upstream capacity Downstream offtake of upstream volumes +23% 2017 2020 2025 17

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