EVERY TIME EVERY WHERE CORPORATE PRESENTATION EVERY CYCLE

EVERY TIME EVERY WHERE CORPORATE PRESENTATION EVERY CYCLE EVERY SHAPE EVERY MOVE First Quarter FY 2021 Results Briefing May 2021

OUR INTEGRATED OPERATIONS UPSTREAM- BAUXITE MINING & ALUMINA REFINERY CARBON ANODE MANUFACTURING Worsley UJV, Australia Capacity : 4. 6 million tpa Effective Stake: 5% Shandong Sunstone & China PMB Carbon Ltd (“Sunstone”) Capacity : 300 thousand tpa Effective Stake: 20% Pt. Bintan, Indonesia* Capacity : 2. 0 million tpa Effective Stake: 25% * Phase 1 under commissioning MIDSTREAM- SMELTING Press Metal Bintulu & Press Metal Sarawak Capacity : 760 thousand tpa (+320 thousand tpa by July 2021) Effective Stake: 80% DOWNSTREAM- EXTRUSION Our business operations 1 Press Metal International PMB Aluminium Capacity : 160 thousand tpa Effective Stake: 100% Capacity : 50 thousand tpa Effective Stake: 100%

FROM ALUMINIUM TO SOLUTIONS 2

PROGRESS OF PHASE 3 SAMALAJU SMELTER CAPACITY & COMPLETION DATE • 320 thousand tpa • Started potline commissioning late Dec 2020 by phases • Full commissioning by July 2021 3

PROGRESS OF PT BINTAN, INDONESIA Port Alumina refinery CAPACITY & EST. COMPLETION DATE • 2 million tpa Power Plant 4 • Phase 1 (1 million tpa) – Under commissioning • Phase 2 (1 million tpa) – 1 H 2022

1 Q FY 21 FINANCIAL SUMMARY INCOME STATEMENT FYE Dec (RM’ Million) 1 Q FY 20 4 Q FY 20 1 Q FY 21 Qo. Q (%) Yo. Y (%) 3 M FY 20 3 M FY 21 Yo. Y (%) Revenue 1, 830. 0 2, 116. 9 2, 101. 7 -0. 7% 14. 8% 1, 830. 0 2, 101. 7 14. 8% Pretax profit 143. 6 208. 7 288. 2 38. 1% 100. 7% 143. 6 288. 2 100. 7% Tax (13. 4) (27. 9) (29. 6) 6. 3% 121. 8% (13. 4) (29. 6) 121. 8% Minority Interest (27. 7) (38. 2) (52. 9) 38. 3% 91. 0% (27. 7) (52. 9) 91. 0% Net Profit 102. 6 142. 6 205. 7 44. 3% 100. 6% 102. 6 205. 7 100. 6% EI/Others - 17. 6 - - - Core Profit 102. 6 160. 2 205. 7 28. 4% 100. 6% 102. 6 205. 7 100. 6% Core Net Margin (%) 5. 6% 7. 6% 9. 8% 5. 6% 9. 8% 1 Q FY 20 4 Q FY 20 1 Q FY 21 Qo. Q (%) Yo. Y (%) 3 M FY 20 3 M FY 21 Yo. Y (%) 1, 690. 8 1, 916. 0 2, 095. 0 9. 3% 23. 9% 1, 690. 8 2, 095. 0 23. 9% 83. 0 95. 0 138. 0 45. 3% 66. 3% 83. 0 138. 0 66. 3% 1, 773. 8 2, 011. 0 2, 233. 0 11. 0% 25. 9% 1, 773. 8 2, 233. 0 25. 9% 4. 18 4. 19 4. 06 4. 18 4. 06 Aluminium market prices & currency movement: FYE Dec (RM’ Million) LME Cash Price (USD/MT) MJP Premium For P 1020 (USD/MT) All-In Aluminium Price (USD/MT) RM: USD 5

1 Q FY 21 FINANCIAL SUMMARY BALANCE SHEET & OTHERS (Figures in RM’ Million) 4 Q FY 20 1 Q FY 21 Qo. Q (%) 6, 448. 3 6, 574. 1 2. 0% 692. 2 325. 4 -53. 0% 1, 562. 5 1, 768. 5 13. 2% Trade Receivables 749. 3 821. 4 9. 6% Trade Payables 785. 4 504. 0 -35. 8% Long Term Borrowing 3, 522. 6 3, 725. 3 5. 8% Short Term Borrowing 1, 625. 8 1, 885. 7 16. 0% Shareholders Equity 3, 995. 0 3, 657. 3 -8. 5% Non Controlling Interest 894. 9 871. 9 -2. 6% Cash Flows From Operating Activities 55. 8 80. 9 45. 0% Cash Flows From Investing Activities -120. 9 -751. 0 >-100% Cash Flows From Financing Activities 78. 5 385. 2 >100% Net Increase/Decrease In Cash & Cash Equiv 13. 3 -252. 0 >-100% Net Gearing Ratio (x) 0. 91 1. 17 28. 6% Single Tier Dividend (sen/share)^ 0. 63 0. 75 20% Property, plant and equipment Cash & Cash Equivalent Inventories 6

HISTORICAL BORROWINGS & GEARING TREND CFO / Borrowings (RM’Mil) 1, 45 Net Gearing (x) 1, 25 1, 42 1, 71 2, 00 1, 31 0, 97 0, 91 1, 11 0, 97 0, 69 0, 84 0. 91 1, 00 6 600 - 5 600 SAMALAJU PHASE 3 JAA PT Bintan 4 600 3 600 SAMALAJU PHASE 2 2 600 1 600 SAMALAJU PHASE 1 MUKAH 600 -400 2009 2010 2011 2012 Investments 2013 2014 CFO 2015 2016 ST Debt 2017 2018 2019 2020 LT Debt STRONG CASH FLOW GENERATION ENABLES PRESS METAL TO REDUCE BORROWINGS RAPIDLY 7

LONG TERM ALUMINIUM PRICES (1990 -APRIL 2021) USD/tonne 4 500, 00 4 000, 00 3 500, 00 3 000, 00 2 500, 00 2 000, 00 1 500, 00 1 000, 00 500, 00 янв- янв- янв- янв- янв- янв- янв- янв- янв 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 Real Nominal *Real LME prices adjusted to US CPI • Aluminium prices rebounded strongly on the back of strong demand led by China, weak USD, expansionary fiscal policy globally and tightness of aluminium supply. • Aluminium net deficit to support high LME price. 8 Source : 1. Bloomberg

RAW MATERIAL COST MOVEMENT Carbon Anode Prices RMB/tonne USD/tonne 4 500 4 000 Alumina Prices 450 25% 400 20% 350 15% 16%-17% Norm 3 500 3 000 250 273 265 257 250 242 270 274 10% 5% 21 рап 21 ар м -2 1 ф ев 21 вян 0 -2 де к я 20 но 20 ток 20 нсе 20 гав л 20 ию н 20 ию 20 0% ай м -2 1 ай 1 м -2 ап р м ар -2 1 ев ф в 21 ян к 20 де 20 но я- т20 ок 20 нсе 20 гав 0 л 2 ию н 20 ию -2 0 ай 280 273 300 284 200 2 500 м 306 303 COMMENTERIES • Carbon anode prices have been on the upward trend since July 2020 from RMB 2, 885 reaching up to RMB 4, 300 per tonne in May 2021. The higher carbon anode prices was mainly due to the rising oil prices coupled with stricter environmental control in China. • The alumina prices has weakened from ~USD 306 in February 2021 to ~USD 274 as at May 2021. • Currently alumina is trading at 11% of LME aluminium prices due to wide availability of the materials. Normal range is between 15% to 17% of LME aluminium prices. 9 Source : 1. Bloomberg

TIGHTNESS IN ALUMINIUM SUPPLY Rest of World • 10 Global decarbonization drives resulted in financial institutions reluctancy to finance coal-based smelter project. • Potential carbon emissions tax also disincentivize investment in new coalbased smelters. • Scarcity of hydropower source at strategic locations and high investment capex are limiting new hydro-based smelter start-ups China • China is committed to achieve carbon neutrality by 2060. • Following output curtailment of 3 smelters in inner Mongolia, China has further issued warning to 7 other provinces, which collectively account for 41% of China’s aluminium capacity. • Aluminium supply in China is nearing to its capacity cap of 45 million tonnes per year, limiting approval for new smelters. Existing less efficient coal based smelters could also potentially be axed.

GLOBAL ALUMINIUM SUPPLY BY ENERGY TYPE Coal Natural Gas Hydropower Others % Share of Aluminium Supply WORLD SMELTERS BY ENERGY SOURCE IN 2019 • Currently only 25% of world aluminium smelters are dependent on hydropower source. • 88% of aluminium smelters in China are dependent on coal generated power source. • Aluminium smelters in the West which constitute 22% of world aluminium supply, are largely dependent on hydropower source. 14 Source: www. world-aluminium. org

DECARBONIZATION DRIVING ALUMINIUM DEMAND 11

EV CARS TO DRIVE HIGHER AL DEMAND INCREASE IN EV CAR SALES AND HIGHER ALUMINIUM CONTENT IN CARS DRIVE DEMAND Car Sales Forecast & AL Demand From Cars (2020 -2040) Aluminium Component in EV Car 29 160 22 140 25, 0 19 120 14 15, 0 100 60 80 5, 0 76 60 86 72 40 -5, 0 55 20 26 3 9 0 -15, 0 2025 Total EV Sales (Mil' units) 2030 Non-EV Car Sales 2040 Al Demand from cars (Mtpa) Average AL content per car(^) 2040 : 250 kg 2019 : 180 kg ^ Based on estimate of incremental 3 kg per annum for all type of car 12 Source : 1. Various, Company Estimates 70 kg per car

BENEFICIARY FROM RENEWABLE ENERGY INVESTMENT Global Solar Energy Installed Capacity 33% 2000 40% 31% 26% 1800 24% 20% 1600 30% 7, 500 20% 1400 1200 10% Specific Al Usage 1000 800 600 296 400 389 489 728 586 0% -10% -20% 200 0 -30% 2016 2017 2018 Solar Installed. Capcity Capacity(GW) Solar PVPV Installed 2019 % Growth Yo. Y 2020 ^ Forecast 2050^ Solar Panel Frame Inverter Casing Roof Mounting Structure • Electrification and decarbonization efforts have led to significant investments in solar energy. • New solar energy capacity has been growing 20%-30% Yo. Y in the past 5 years. • Solar energy typically uses 30 kg-40 kg of aluminium per kilowatt, which implied aluminium usage of ~5 m tonne in 2020. Continuous investment in solar energy will drive demand for aluminium. 13 Source : 1. Statistical Review of World Energy, IHS Markit, International Aluminium Institute

OUR SUSTAINABILITY INITIATIVES • Press Metal is cognizant to operate in accordance with global sustainable standards. • In pursuing our continuous commitment towards sustainability, we have taken various key initiatives including some dominant endorsements such as below: Key Initiatives Background Of The Initiatives • To introduce “Green Aluminium” products Aluminium Carbon Disclosure - Green Aluminium Stewardship Initiative (ASI) Certification FTSE 4 Good Bursa Malaysia Index Inclusion 15 • To ensure our “Green Aluminium” products meets the global standards of < 4. 0 mt CO 2/ mt of aluminium Status • Audit and certification report completed as of March 2021 • Finalizing details for launch and marketing • Joined ASI, a global organization which sets ESG standards for aluminium industry in 2020 • Preparation for Performance Standard Certification Audit • Working towards obtaining ASI Performance Standard Certified for Samalaju Plants • Audit will be delayed by tentatively 6 months (expected early 2022) due to travel restrictions • Envisage to be included into FTSE 4 Good index, an index that tracks performance of the local listed companies based on ESG practices • Completed semi-annual review in Jan 2021 • Target to achieve ESG score of at least 2. 9 under the FTSE 4 Good Bursa Malaysia Index • Next announcement on new inclusion list in July 2021

WHY PRESS METAL ? INTEGRATED GROWTH OPERATIONS CATALYSTS • Phase 3 (+320 k tpa primary aluminium ) - Started commissioning late Dec 2020 by phases • Pt. Bintan (+2 M tpa alumina) - Phase 1 (1 million tpa) –Under commissioning - Phase 2 (1 million tpa) – 1 H 2022 SUSTAINABILITY COMPETITIVE INITIATIVES STRENGTH Press Metal’s “Green Aluminium” ASI certification for PMBTU First quartile of smelting cost • Low capex & proven technology • Reliable hydro power source • Strategic location Target inclusion into Bursa Malaysia ESG Index- FTSE 4 Good 16 • Pioneer status

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