EVERY TIME EVERY WHERE CORPORATE PRESENTATION EVERY CYCLE

EVERY TIME EVERY WHERE CORPORATE PRESENTATION EVERY CYCLE EVERY SHAPE EVERY MOVE Fourth Quarter FY 2019 Results Briefing February 2020

FROM ALUMINIUM TO SOLUTIONS PRIMARY PRODUCTS VALUE ADDED PRODUCTS Capacity 760 k Tonnes p. a. LME Certified Aluminium Ingots (P 1020) Billets : 240 k Wire Rods : 200 k Alloy : 120 k Ingotstonnes p. a. Billets Alloy Ingots (A 356) Wire Rods EXTRUDED SOLUTIONS Capacity 210 k Tonnes p. a. Building Materials Specific Applications Electronic Components 1 Automotive

4 Q FY 2019 FINANCIAL SUMMARY FYE Dec (RM’ Million) 4 Q 18 3 Q 19 INCOME STATEMENT 4 Q 19 q-o-q (%) y-o-y (%) FY 18 FY 19 y-o-y (%) Revenue Pretax profit Tax Minority Interest Net Profit EI/Others Core Profit Core Net Margin (%) Aluminium market prices & currency movement: FYE Dec (RM’ Million) 4 Q 18 3 Q 19 4 Q 19 LME Cash Price (USD/MT) MJP Premium For P 1020 (USD/MT) All-In Aluminium Price (USD/MT) RM: USD 2

4 Q FY 2019 FINANCIAL SUMMARY OTHERS (Figures in RM’ Million) BALANCE SHEET & 3 Q 19 Property, plant and equipment Cash & Cash Equivalent Inventories Trade Receivables Trade Payables Long Term Borrowing Short Term Borrowing Shareholders Equity Non Controlling Interest Cash Flows From Operating Activities Cash Flows From Investing Activities Cash Flows From Financing Activities Net Increase/Decrease In Cash & Cash Equiv Net Gearing Ratio (x) Single Tier Dividend (sen/share)^ 3 4 Q 19 Qo. Q (%)

SMELTING COST BREAKDOWN ALUMINA v ~32%-35% OVERHEAD & ~7% ADMIN LOGISTICS ~5% ENERGY ~30% DEPRECATION ~5% CARBON ~14 -16% 5 v INTEREST COST ~2%

ALUMINIUM LME PRICE MOVEMENT USD/tonne 20 Years Average USD 1, 915 15 Years Average USD 2, 052 4 000 10 Years Average USD 1, 939 3 500 3 Years Average USD 1, 954 5 000 4 500 3 000 1 Year Average USD 1, 785 2 500 2 000 1 500 1 000 в 20 ян в 19 ян в 18 ян в 17 ян в 16 ян в 15 ян в 14 ян в 13 ян ян в 12 в 11 ян в 10 ян в 09 ян в 08 ян в 07 ян в 06 ян в 05 ян в 04 ян в 03 ян в 02 ян ян в 01 ян в 00 500 COMMENTARY: • YTD 2020 LME price trades between USD 1, 700 - USD 1, 750, which is at the low range of historical aluminium prices. • Current aluminium prices weakness are mostly due to slow down of economic activities owing to US-China trade war and the COVID 19 virus outbreak in China. • Going forward, we expect aluminium prices to strengthen after the situation improves supported with no new significant supply in the market. 6

ALUMINA COST MOVEMENT % of LME USD/tonne 450 35% 417 400 30% 386 25% 365 364 363 20% 350 15% 321 302 300 299 290 285 10% 279 276 278 250 5% 0% фев-19 мар-19 апр-19 май-19 июн-19 июл-19 авг-19 сен-19 окт-19 ноя-19 дек-19 янв-20 фев-20 COMMENTARY: • Alumina prices is still below USD 300/tonne currently despite China is facing some supply disruptions. • Current alumina prices reflect circa 16 -17% of Aluminium LME price which is considered as norm. • On 11 February 2020, we completed our subscription of 25% equity interest in a alumina refinery in Indonesia. On top of securing our alumina requirement we also expect to enjoy logistic savings as currently most of our supply is from Australia. 7 Norm 16%-17%

CARBON COST MOVEMENT RMB/tonne 3900 3700 3500 3300 3100 2900 2700 2500 фев-19 мар-19 апр-19 май-19 июн-19 июл-19 авг-19 сен-19 окт-19 ноя-19 дек-19 янв-20 фев-20 COMMENTARY: • Carbon anode prices have declined from the high of RMB 3, 800 a year ago to around RMB 2, 785 per tonne in February 2020 • Our investment in Sunstone, enables us to secure high quality carbon anode which fulfils 50% of our requirement • Expecting to further improve our smelting cost efficiency by prolonging the life cycle of carbon anode 8

PROGRESS OF PHASE 3 SMELTER, SAMALAJU CAPACITY & COMPLETION DATE • 320 thousand tpa PHASE 3 • Targeted commissioning October 2020 INVESTMENT RATIONALE • Continue to strengthen Press Metal’s position as the region’s largest Integrated Aluminium producer • Increases Press Metal’s smelting capacity by 42% to 1. 08 million tonne per annum • Economies of scale to further establish our selves as a low cost model smelter 10

PROGRESS OF PT BINTAN, INDONESIA Port facilities for large vessels Phase 1 of PT Bintan Alumina Supply Route CAPACITY & COMPLETION DATE INVESTMENT RATIONALE • Economically and strategically favourable investment opportunity • 2 million tpa per annum (Phase 1 - 1 million tpa & Phase 2 - 1 million tpa) • To secure up to 70% of alumina requirement • Phase 1 - 4 Q 2020 • Logistic costs saving due to close proximity • Phase 2 - 3 Q 2021 • Supported with port facilities 11

Should you have inquiries or require more information, please contact: ir@pressmetal. com ir@ibes-advisory. com LIGHT. STRONG. FLEXIBLE. PRESS METAL.