En+ Group Investment Presentation

En+ Group Revenue and EBITDA Breakdown Ent GROUP 1H 2020 to 1H 2021 Revenue bridge (USD mn) О Change 1H 2020 to 1H 2021 (%) 1H 2020 to 1H 2021 Adj. EBITDA² bridge (USD mn) Change 1H 2021 to 1H 2020 (%) 35.7% 6.9% 6,506 98 26 1,513 4,948 (456) 1,415 1,434 +500.5% +7.0% 1,890 0 38 580 (5) (482) USD 1,558 mn (+31.5%) 4,015 1H 2020 Revenue Metals Power 756 5,449 1,096 542 (5) 219 USD +1,134 mn (+150.0%) Adjustments¹ 1H 2021 Revenue Power ■Metals 1H 2020 EBITDA Metals Power Adjustments 1 1H 2021 EBITDA Adjustments 1,315 1H 2021 working capital movement En+ Group free cash flow and capex (USD mn) (USD mn) 233 443 2,062 (228) 1,778 (176) 1,614 (125) 618 (301) (554) 666 (139) 692 (693) (92) 462 494 230 Working capital, as at 31 Dec 2020 Increase in inventories Increase in accounts receivables Increase in accounts payables Working capital, as at 30 June 2021 OpCF and dividends from associates and JVs Net interest Capex Power ■Metals Other financial expenses 4 Dividends from associates and JVs FCF 5 (1) Consolidation adjustments. (2) Results from operating activities adjusted for amortisation and depreciation, impairment charges and loss on disposal of property, plant and equipment for the relevant period. (3) Capital expenditure represents cash flow related to investing activities - acquisition of property, plant and equipment and intangible assets, adjusted for one-off acquisition of assets. The calculation does not include investments in subsidiaries and joint ventures. (4) Restructuring fee, expenses related to issuance of shares and payments from settlement of derivative instruments. (5) Calculated as operating cash flow less net interest paid and less capital expenditure adjusted for payments from settlement of derivative instruments, less restructuring fees and other payments related to issuance of shares and plus dividends from associates and joint ventures. 24

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