Investor Presentaiton

28 alba Aluminium for the world YTD 2015 Results Aluminium Industry Challenged by Significant Drop in All-in-Prices Cost Analysis YTD15 vs. YTD14 YTD 2015 vs. YTD 2014 - Direct Cost Bridge (US$M) 1300 20 17 29 97 9 10 1200 11 2 1100 1222 1000 900 1197 800 Direct Cost RM YTD14 Price RM Cons. Energy Cons. Alumina Inventory Plant Sales Change Spending Cost One-Off Costs Line-6 Direct Cost Costs YTD15

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