Global Leader in Hydro Power and Aluminium slide image

Global Leader in Hydro Power and Aluminium

-5.5% 3,147 (1,049) (569) -5.0% En+ Group Revenue and EBITDA Breakdown 2018 to 2019 Revenue bridge (USD mn) 12,378 2018 to 2019 Adj. EBITDA² bridge (USD mn) Change FY2019 to FY2018(%) Change FY2019 to FY2018 (%) 101 11,752 -55.3% 3,287 (158) USD -626 mn (-5.1%) 2,989 -4.0% 1,174 (948) (1,197) (47) 2,127 84 (50) 10,280 9,711 2,163 1,127 34 USD -1,160 mn (-35.3%) 966 1 2018 Revenue Metals Power Adjustments 2019 Revenue 2018 EBITDA Metals Power ■Metals Adjustments 2019 working capital movement Power Adjustments 2019 EBITDA En+ Group free cash flow and capex (USD mn) 2,811 (USD mn) 3,7253 (522) (495) 1,141 263 (437) (537) (959) 2,042 1,652 (848) (236) (1,084)³ 1,614 (68) 1,364 932 250 inventories Working capital, Decrease in Increase in trade Increase in trade Working capital, as at 31 Dec. receivables payables 2018 (1) Consolidation adjustments. as at 31 Dec. 2019 OpCF and dividends Net interest Capex 4 Other financial expenses 5 FCF 6 from associates Power ■Metals Dividends from associates and JVs and JVs Ent GROUP (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) Before consolidation adjustments. (4) 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 (5) Restructuring fee, expenses related to issuance of shares and payments from settlement of derivative instruments. 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. (6) En+ Group overview Investment highlights Sustainable business development Results snapshot Power segment Metals segment 32
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