Elkem Asa · OSL:ELK
Elkem Asa — DNB SME Conference 2025
14 slides from Elkem Asa's conference presentation, Apr 3, 2025
Slide 1: SME Conference
SME Conference DNB Oslo 3 April 2025
Slide 2: We are Elkem
We are Elkem Advanced silicon-based materials shaping a better and more sustainable future Silicones Silicon products Carbon solutions @Elkem
Slide 3: Sustainable business model delivering good results
Sustainable business model delivering good results Low-cost sustainable input factors Quartz Coal Biocarbon Power 83e High temperature/chemical production processes ¥ ey Silicones Silicon, ferrosilicon, foundry products and microsilica oO Carbon solutions Examples of high value applications and mark
Slide 4: Energy cost position
Energy cost po Power a key input factor, Location of Elkem’s plants in price areas Elkem securing favorable cost position Forward market prices 2025-2027 @ <50 EUR/MWh @ 50-75 EUR/MWh @ > 75 EUR/MWh = Elkem is well-positioned with long-term power contracts in Norway. At least 75% of the electricity
Slide 5: Environmental, social and governance
Environmental, social and governance Strong ESG performance @Elkem Green leadership = In 2025, CDP awarded Elkem top scores of A on Forest and Water, and B on Climate Change, recognising Elkem’s environmental transparency and commitment = Elkem’s shipping partner NCL takes delivery of green methanol
Slide 6: Headlines from 4Q-2024
Headlines from 4Q-2024 Improved Silicones profitability and strategic review initiated Q Elkem has initiated a strategic review of the Silicones division to streamline the company’s business portfolio EBITDA in the fourth quarter was NOK 1,161 million, giving an EBITDA margin of 14% Silicones delive
Slide 7: Strategic review of the Silicones division
Strategic review of the Silicones division " Astrategic review is initiated with a target to streamline Elkem, as well as to enable allocation of capital to accelerate growth in the Silicon Products and Carbon Solutions divisions The decision follows a thorough review of the growth and return prospe
Slide 8: Elkem's portfolio is well-balanced
Elkem’s portfolio is well-balanced —_ a . . ‘e- = all j an y = = : Ate \ VV \ { 7th fo fi L ie 7 = Revenue split Revenue split c L By geography By division f\ au Carbon Solutions e 10% f ‘a Silicones tI f a Asia 46% Sid , \ aes be ~40% mericas vee Silicon Products 44% @Elkem
Slide 9: Seasonally reduced demand - DMC prices on the rise
Seasonally reduced demand - DMC prices on the rise = The demand recovery in China is weaker than expected, particularly in sectors like construction, textiles, and chemicals = Several upstream siloxane plants are reducing production in the first quarter due to maintenance activities = DMC quotes/pri
Slide 10: EU silicon and ferrosilicon markets
nand fel licon markets Prices in the EU continue to be stable = EU silicon prices remain stable. Demand remains weak, but significant capacity curtailments balancing supply and demand = The new fiscal package in Germany consisting of higher defense spending and a BEUR 500 infrastructure fund is expe
Slide 11: Delivering good results over the business cycle
Delivering good results Operating Income EBITDA over the business cycle baspes 2020 2021 2022 2023 2024 2020 202! 2022 20232024 Elkem delivering on its financial targets over the cycle Y Operating income CAGR 8% vs target of > 5% per year v EBITDA margin 17% vs target of 15 - 20% v Leverage ratio 1.
Slide 12: Why invest in Elkem?
Why invest in Elkem? ras Creating value through profitable & sustainable growth 6 Global leader in advanced silicon- based materials @Elkem i Leading cost positions and strong results over the cycle alld Geographically diverse and resilient business model 6 a Supplier of critical Strong commitment m
Slide 13: Important notice
Important notice Any statement, estimate or projection included in this presentation (or upon which any of the conclusions contained herein are based) with respect to anticipated future performance (including, without limitation, any statement, estimate or projection with respect to the condition (f
Slide 14: Elkem - Delivering your potential
«~ Elkem Delivering your potential