Investor Presentaiton

AVERAGE REALIZED COMMODITY PRICES Prices continue to stabilize but remain materially off FY22 peak DAP (USD/Mt) $1,040 Ammonia (USD/Mt) $940 $840 $740 $640 $540 $440 $340 $240 Q1-FY18 Q3-FY18 Q1-FY19 Aluminium (USD/Mt) Q3-FY19 Q1-FY20 Q3-FY20 Q1-FY21 $3,380 $3,160 $2,940 $2,720 $2,500 $2,280 $2,060 $1,840 $1,620 $1,400 Q1-FY18 Q3-FY18 Q1-FY19 Q3-FY19 Q1-FY20 Historical trend Q3-FY21 $1,020 $920 $820 $720 $620 $520 $420 Q3-FY23 $439 $320 $220 Q1-FY22 Q3-FY22 Q1-FY23 Q3-FY23 $120 Q1-FY18 Gold (USD/oz) $2,000 $1,900 $1,800 $1,700 $1,600 $1,500 $1,400 Q3-FY23 $1,300 $2,276 $1,200 $1,100 Q3-FY20 Q1-FY21 Q3-FY23 prices Q3-FY21 Q1-FY22 Q3-FY22 Q1-FY23 Q3-FY23 Q3-FY18 Q1-FY19 Q3-FY19 Q1-FY20 Q3-FY20 Q1-FY21 Q3-FY21 Q1-FY22 Q3-FY22 Q3-FY23 $319 Q1-FY23 Q3-FY23 Q3-FY23 $1,922 High Phosphate inventories across key markets and increased Chinese supply led to drop in prices until mid-Q3, then rebounded driven by improved demand fundamentals and lower supply. Ammonia supply tightness due to operational issues across the globe, • along with marginal rise in ammoniated phosphate production in key countries led to price upside from mid-Q3. Aluminium market still impacted by weaker Chinese and global manufacturing activity, however prices supported into end of Q3 by lower LME inventories* Gold price remains bullish amid geopolitical uncertainty. Q1-FY18 Q3-FY18 Q1-FY19 Q3-FY19 Q1-FY20 Q3-FY20 01-FY21 Q3-FY21 Q1-FY22 Q3-FY22 Q1-FY23 Q3-FY23 MAADEN معادن 5 UT

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