Elkem Company Overview and Financials slide image

Elkem Company Overview and Financials

Project schedule with planned production start-up in H1 2024 Project timeline Highlights from evaluation1 2019 2020 2021 2022 2023 2024 FEL1,2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Execution FEL3 Approval long lead (CWS) Detail design Project approval Procurement / fabrication Construction Commissioning / start up Production ramp-up Full production in 2026 Elkem 1) Analysis performed by Independent Project Analysis Inc. in February 2021 (IPA: Prospective Evaluation Prepared for Elkem ASA February 2021) IPA Prospective Evaluation Status of Project Drivers Objectives and Teams Project Planning Fair Good Objectives Are Clear Team Is Integrated FEL Index Poor Estimating & Planning for Control Fair Poor Best Practic Project Control Index Defi Prepared for Elkem ASA February 2021 Internal assessments highly in line with the findings in the IPA - no red flags for the project 28
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