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Investor Presentaiton

aa Aluminium for the world المنيوم البحرين ش.م.ب. Aluminium Bahrain B... Alba Volatility & Uncertainty Continue to Weigh on Aluminium Fundamentals Higher Direct Cost Owing to Higher Production Partially Offset by Drop in Alumina Prices Q3 2023 vs. Q3 2022 - Direct Cost Bridge (US$M) 850 700 550 784 400 250 69 6 I 0 23 118 10 7 868 100 Direct Cost Q3 2022 RM Price RM Consumption Energy Price Other RM Alumina Sales' Cost Inventory Absorption Plant Spending Direct Cost Q3 2023 * RM stands for Raw Materials and Al2O3 stands for Alumina Page 31
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