Investor Presentaiton

Adj. EBITDA down on lower upstream prices Marginally offset by FX, lower raw material cost and Extrusions margins 2023 vs 2022 39.7 16.2 1.6 3.1 2.1 3.5 1.6 0.70.3 3.4 Adj. EBITDA 2022 Realized aluminium and alumina price Raw material cost Extrusion and recycling margins Extrusion and recycling volumes Fixed cost FX Note: 1) Power sales including Energy loss on buy-back contract with AM -3.8 Slovalco effects Power sales Other & eliminations Slovalco, power sales, other & eliminations¹) 22.3 Hydro Adj. EBITDA 2023 15

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