Mytilineos S A : Financial Results 2021 Presentation

-30%	Carbon
reduction
Neutral
in CO2e

Flash Note	By 2030	By 2050

Integrated Financial & non-Financial Results 2021

MYTILINEOS

27.01.22

Contents

Chairman's Message 03

Key Highlights 04 -06

Calendar of Events 07-09

ESG Performance 10-13

Key Financial Figures 14-18

Business Units 19-42

Risks-Subsequent Events 43-44

2

Chairman's

message

2021 was both a milestone year due to MYTILINEOS' record-high profitability as well as a preparatory one for the transition to new levels

of financial performance and value creation for our shareholders, for years to come. We have achieved new record-levels of turnover and

profitability, while significant investments have either been completed or are near-completion.

Having made strong commitments for the reduction of our CO2 emissions, we accelerated the execution of the largest investment programme in MYTILINEOS' history, which exceeded €379m. Alongside our environmental commitments,we have launched new investment plans to strengthen our energy transition process.

In a year of significant challenges, MYTILINEOS demonstrated its ability to adapt to difficult conditions, with planning and hard work. In the new, much larger and much more challenging "piste" that we are entering in 2022, we will keep going in this direction, with renewed strength and "vigor"!

3

Strong Commitment to ESG, targeting -30% CO2 emissionsby 2030 and Net Zero by 2050

Overall Targets*

2030

-30% reduction

in total CO2 emissions (Scope 1 & 2)

2050

Neutral

CarbonFootprint

(Net Zero)

Targets* per Business Unit by 2030

Renewables &	Sustainable
Storage Development	Engineering Solutions
Neutral	Neutral
Carbon Footprint	Carbon Footprint
(Net Zero)	(Net Zero)

Power & Gas	Metallurgy
~50% reduction	-65% reduction
of relative CO2 emissions	in total CO2 emissions (Scope 1 & 2)
per MWh produced
	-75% reduction
	of relative CO2 emissions per ton
	of Aluminium produced

* vs. 2019 level

4

Financial Results 2021		Key Financial Highlights
Key Highlights		Positioned for Future Growth
EPS		EBITDA		4Q 21 EBITDA	ESG
€1.19/sh		€359m		€118m	Combined ESG score:
31% ΥοΥ		14% YoY		46% YoY	21% YoY
First step towards delivering our long-	Record-High Profitability	4Q performance, annualized,	"Top ESG Performer" by
term value creation strategy plan	indicates a pace of €470m	SUSTAINALYTICS

Cash Balance

€603m

22% YoY

Strong Cash generation despite

global challenges

Net Debt came in at €803m

Liquidity	CAPEX	2021 Dividend
€1.5bn	€379m	Proposed final dividend
12% YoY	c.€0.42/sh*
Comprising c.€0.6bn Cash and c.€0.9bn	Despite high CAPEX, Leverage remains	Strong track-record with >€250m#
Committed Credit lines to fund Growth	low (c.2.2x) due to consistently robust	(>10% of current Mkt Cap.) being
	Operating Cash Flows	distributed since 2017
		*own equity shares adjusted
		#incl. 2021 proposed payment

5