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Investor Presentaiton

Operating segment information Depreciation, amortization and impairment Hydro NOK million Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Year 2020 Year 2021 Year 2022 Hydro Bauxite & Alumina 567 503 470 472 443 472 589 514 553 633 624 687 2011 2018 2 496 Hydro Aluminium Metal 655 1 130 589 618 694 736 756 972 605 651 698 711 2 992 3 158 2 664 Hydro Metal Markets 36 37 35 40 36 35 37 41 38 39 39 44 149 149 161 Hydro Extrusions 554 2 046 597 587 628 573 645 804 746 767 748 1 036 3 785 2 649 3 297 Hydro Energy 65 65 64 66 49 48 48 49 47 47 47 48 260 194 190 Other and Eliminations 32 (133) 30 27 27 28 27 31 32 31 28 30 (43) 113 121 Total 1 909 3 649 1 786 1 810 1 876 1 892 2 102 2 411 2 020 2 168 2 185 2 556 9 153 8 281 8 929 Indicative depreciation currency exposure by business area Depreciation by business area 2022, 8.9 BNOK Percent USD EUR BRL NOK & Other Hydro Bauxite & Alumina 100% Hydro Aluminium Metal 15% 20% 65% Hydro Metal Markets 30% 55% 15% 37% Hydro Extrusions 40% 30% 10% 20% Hydro Energy 100% Other and Eliminations 5% 30% 5% 60% 2% 2% 30% 28% Hydro Bauxite & Alumina Hydro Aluminium Metal Hydro Metal Markets Hydro Extrusions Hydro Energy Other and Eliminations 134
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