Global Leader in Hydro Power and Aluminium

PRIMARY AI DEMAND GROWTH Demand for Aluminium was Set to Improve in 2020, this Now is Delayed Amid Virus Outbreak Services sector WEAK MARKET IN 2019 TRADE DISPUTE CHINA ECONOMIC TRANSFORMATION AUTOMOTIVE 2020 EARLY SIGNS OF RECOVERY EASING OF TRADE DISPUTE AUTOMOTIVE LIGHTWEIGHT TREND Ent GROUP UNANTICIPATED FACTORS COVID-19 AUTOMOTIVE OIL PRICE WAR PRODUCTION DROP PRODUCTION RECOVERY OPEC CHINA SCRAP BAN PETAI CAN REVOLUTION 2.0 2018 ■ 2019 2.5% 2.4% 2.2% 2.0% 0.1% CHINA -2.6% ROW WORLD En+ Group overview Investment highlights Sustainable business development 1.5% 2020E PRIOR CURRENT SHOCK 1.1% CHINA ROW Results snapshot 1.3% WORLD DEMAND RECOVERY DELAYED 54 Power segment Metals segment

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