Investor Presentaiton

alba Aluminium for the world 17 Q3 2015 Results Aluminium Industry Challenged by Significant Drop in All-in-Prices Adjusted EBITDA Margin at 14.6% Q3 2015 vs. Q3 2014 - EBITDA Bridge (US$M) 150 100 50 50 EBITDA 22.6% 134 54 54 49 35 | - 5 EBITDA 14.6% 72 0 EBITDA Q3 2014 Adjusted Metal Sales Other Sales Direct Cost Derivatives Selling Expenses EBITDA Q3 2015 Adjusted Adjusted EBITDA includes impact of actual realised derivative payments

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