Investor Presentaiton

Q42022 Adjusted EBITDA NOK 7184 million Free cash flow NOK 5.8 billion (NOK 14 billion 2022) Adj. RoaCE 22% Strong results and aluminium margins, lower upstream prices and higher costs Focus on cash release and margin management in weaker markets Improvement program and commercial ambition delivered above target for 2022 Good progress on decarbonization agenda 53% cash dividend payment and new NOK 2 billion share buyback program 1880S 40 Hydro 4

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