YE-21 CAPEX and Cash Flow Forecast

CLASSIFICATION: C1 - CONTROLLED Financial performance review Share of Revenue (QR million) QAMCO's Net Profit (QR million) +781% +42% 3,118 2,197 774 YE-20 YE-21 Q3-21 +28% 991 Q4-21 95 YE-20 835 233 YE-21 Q3-21 +34% 313 Q4-21 • • 2021 vs 2020: Share of JV's revenue inclined, mainly due to positive trends in selling prices and shifting product mix towards value-added products, despite slightly lower sales volumes. Q4-21 vs Q3-21: Share of JV's revenue increased, mainly due to improved average selling prices (+11%) and higher sales volumes (+16%). 2021 vs 2020: Profitability improved due to continued uptick in aluminium prices with better realized premiums, coupled with savings in finance cost. This was partially offset due to higher COGS and slightly lower sales volumes. Q4-21 vs Q3-21: Profitability continued its positive trajectory, on the back of improved LME prices, amid continued strength from macroeconomic dynamics. Share of JV's Debt (QR million) 20 20 2,221 31-Dec-20 +4% 2,299 (IAS 31) 31-Dec-21 Share of debt slightly increased by 4% on account of additional loan facility obtained for AGP Gas Turbine upgrade. QAMCO, IR Presentation, YE-21

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