Investor Presentaiton

Key financials NOK million Revenue Reported EBITDA Adjusting items to EBITDA Adjusted EBITDA Reported EBIT Adjusted EBIT Hydro Q4 2023 Q4 2022 Q3 2023 Year 2022 46 754 44 075 4 673 3 930 44 702 1975 207 929 Year 2023 193 619 39 536 23 291 (936) 3 254 1 923 128 (1 033) 3 737 7 184 3 899 39 664 22 258 (2 256) 1 405 (323) 30 715 9 592 1 231 4 946 1 600 31 179 12 983 Financial income (expense) Reported Income (loss) before tax Income taxes (259) 271 378 1 649 (3 046) (2 516) 1 676 55 32 365 6 546 (256) (1519) (680) (7 984) (3 742) Reported Net income (loss) from continuing operations (2 771) 158 (625) 24 381 2 804 Adjusted net income (loss) from continuing operations 754 2 371 345 23 145 7 835 Earnings per share from continuing operations Adjusted earnings per share from continuing operations (1.26) 0.50 0.12 0.99 (0.18) 0.27 11.76 10.70 1.77 4.26 Income (loss) from discontinued operations 1) 36 36 1) Income and expenses in the business to be sold are excluded from such income and expenses in continuing operations and reported separately as losses for discontinued operations. For further information and a specification of the result in the discontinued operations, see Note 4 Discontinued operations and assets held for sale to the interim financial statements 17

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