Alum Sa · BVB:BBGA

Alum Sa — Investor Presentation (April 2013)

5 slides from Alum Sa's investor presentation, April 2013

1. Slide 1: Budget Presentation - Alum 2013

   BUDGET PRESENTATION - ALUM 2013 LME – 2,000 usd/t As of April, 2013

2. Slide 2: Content

   Content: 1. Key assumptions 2. Full economic cost 3. Revenues and expenses budget for 2013

3. Slide 3: 1. Key assumptions

   1. Key assumptions 2012 actual 2013 budget Calcined alumina production (tons) 406.611 387.000 Hydrate production (tons) 683.762 689.750 Exchange rate RON / USD 3,47 3,35 LME (USD/t) 2.001 2.000 Selling price of ALRO (USD/ton) 360 397 Selling price, external (USD/ton) 342 400 Selling price hydrate (U

4. Slide 4: 2. Full economic cost

   2. Full economic cost F actorial analysis of production cost Production cost (U SD /t) (USD /t) ? specific 2012 actual 2013 budget D eviation ? of price ? of R OE Index consum ption B a u xi te s (w e t) 151,44 165,67 14,23 -8,19 16,77 5,65 Ca u s ti c s o d a 38,74 41,48 2,74 -5,72 7,04 1,41 Li m e

5. Slide 5: 3. Revenues and expenses budget for 2013

   3. Revenues and expenses budget for 2013 P ro je c te d I n c o m e S tate m e n t fo r 2 0 1 3 um A c tu al 2 0 1 2 B udg e t 2 0 1 3 E XC H A N GE R A T E ro n /u s d 3 ,4 6 8 3 ,3 5 0 P ro d u c tio n to n s 4 1 4 .4 0 1 4 1 8 .0 3 0 O p e ratio n al ac tiv ity : R e v e n u e s fro m p ro d u c

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