EVERY TIME EVERY WHERE CORPORATE PRESENTATION EVERY CYCLE

EVERY TIME EVERY WHERE CORPORATE PRESENTATION EVERY CYCLE EVERY SHAPE EVERY MOVE First Quarter FY 2019 Results Briefing MAY 2019

Associates & Joint Ventures FROM BAUXITE TO ALUMINIUM Sunstone Japan Alumina Associate (“JAA”) + Bauxite Alumina Press Metal’s Subsidiaries ALUMINIUM 1 Carbon Anode

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 2 Automotive

RAW MATERIAL COST MOVEMENT COMMENTARIES Carbon Anode Prices RMB/tonne 4, 300 4, 100 3, 900 3, 700 3, 500 3, 300 3, 100 2, 900 2, 700 2, 500 • Carbon anode prices have declined from the high of RMB 4, 000 in Sept 2018 to around RMB 3, 300 per tonne in May 19. 9 • Alumina price as a percentage to Aluminium price is circa 20% compared to normal range of 16 -17%. M ay -1 r-1 9 Ap -1 9 ar M Ja Fe b -1 9 n 19 8 8 D ec -1 N ov -1 -1 8 Alumina Prices 1, 000 900 800 700 600 500 400 300 200 100 - 35% UPDATE ON ALUMINA MARKET 30% 25% 20% 15% Norm 16%-17% On 21 st May 2019, Alunorte announced that they had secured approval to resume full alumina production capacity of 6. 3 mil tpa. 10% 5% EGA Al-Taweelah alumina refinery expected to achieve full production capacity of 2 mil tpa by year end. Alumina Price 19 ay - M ar -1 9 19 M n- 18 Ja ov - 18 N p- Se l-1 8 Ju 18 ay - M ar -1 8 18 M n- Ja 17 ov - N 17 p- Se l-1 7 Ju 17 0% ay M O ct p 18 Se g 18 Au M Ju Ju l -1 n 18 8 ay -1 8 • Alumina prices has dropped significantly from high of ~USD 700 in April 2018 to ~USD 360 as at May 2019. % of LME 3

1 Q FY 2019 FINANCIAL SUMMARY INCOME STATEMENT Q 1 FY 18 Q 4 FY 18 Q 1 FY 19 q-o-q (%) y-o-y (%) 3 M FY 18 3 M FY 19 y-o-y (%) 2, 125. 4 2, 245. 7 2, 171. 3 -3. 3% 2. 2% 2, 125. 4 2, 171. 3 2. 2% Pretax profit 210. 2 201. 9 155. 6 -23. 0% -26. 0% 210. 2 155. 6 -26. 0% Tax (17. 7) (16. 7) (12. 2) -26. 7% -30. 8% (17. 7) (12. 2) -30. 8% Minority Interest (42. 1) (28. 8) (28. 2) -2. 1% -32. 9% (42. 1) (28. 2) -32. 9% Net Profit 150. 5 156. 4 115. 1 -26. 4% -23. 5% 150. 5 115. 1 -23. 5% EI/Others 0. 0 n. a 0. 0 n. a. Core Profit 150. 5 156. 4 115. 1 -26. 4% -23. 5% 150. 5 115. 1 -23. 5% Core Net Margin (%) 7. 1% 7. 0% 5. 3% 7. 1% 5. 3% FYE Dec (RM’ Million) Revenue Aluminium market prices & currency movement: FYE Dec (RM’ Million) 1 Q 18 4 Q 18 1 Q 19 q-o-q (%) y-o-y (%) 3 M FY 18 3 M FY 19 y-o-y (%) LME Cash Price (USD/MT) 2, 154. 0 1, 966. 0 1, 891. 5 -3. 8% -12. 2% 2, 154. 0 1, 891. 5 -12. 2% 103. 0 84. 0 -18. 4% 2, 257. 0 2, 069. 0 1, 975. 5 -4. 5% -12. 5% 2, 257. 0 1, 975. 5 -12. 5% 3. 93 4. 17 4. 09 3. 93 4. 09 MJP Premium For P 1020 (USD/MT) All-In Aluminium Price (USD/MT) RM: USD 4

1 Q FY 2019 FINANCIAL SUMMARY OTHERS (Figures in RM’ Million) BALANCE SHEET & 4 QFY 18 1 QFY 19 Qo. Q (%) 4, 832. 3 4, 810. 0 -0. 5% 199. 1 213. 0 7. 0% 1, 539. 5 1, 355. 2 -12. 0% Trade Receivables 942. 8 899. 4 -4. 6% Trade Payables 719. 5 509. 7 -29. 2% Long Term Borrowing 2, 020. 5 2, 588. 1 28. 1% Short Term Borrowing 964. 1 985. 5 2. 2% 3, 236. 7 3, 406. 3 5. 2% Non Controlling Interest 790. 9 799. 9 1. 1% Cash Flows From Operating Activities 274. 3 205. 6 -25. 0% Cash Flows From Investing Activities (136. 2) (806. 4) >-100% Cash Flows From Financing Activities (42. 3) 520. 9 >100% Net Increase/Decrease In Cash & Cash Equiv 95. 8 (79. 9) ->-100% Net Gearing Ratio (x) 0. 69 0. 80 15. 5% Single Tier Dividend (sen/share)^ 1. 50 1. 25 -16. 7% Property, plant and equipment Cash & Cash Equivalent Inventories Shareholders Equity 5

SMELTING COST BREAKDOWN ALUMINA v ~32%-40% OVERHEAD & ~7% ADMIN LOGISTICS ~5% ENERGY ~30% DEPRECATION ~5% CARBON ~14 -18% 6 v INTEREST COST ~2%

PRESS METAL GEOGRAPHICAL SALES India Vietnam Korea Malaysia 17% 13% 12% 11% Thailand Japan Singapore Other Countries 6% 5% 3% 17% Europe/ Turkey Taiwan 4% 7

2019 PERSPECTIVES Average 2 H FY 2018 Supply Demand ~38. 3 m t CHINA ~37. 4 m t 49% PRIMARY INGOT ~28. 9 m t ROW ~30. 6 m t FY 2019 Target 40% PRIMAR Y INGOT 10% Net Deficit TOTAL ~0. 8 mt Billet 51% VAP PRODUC T 60% VAP PRODUCT A 356 Wire Rods SUPPLY DEMAND MARKET FORECAST PRESS METAL’S SALES MIX TARGET 8

GLOBAL CONSUMPTION BY COUNTRY Global Aluminium Consumption Million tonnes per annum 63. 3 4. 7 6. 7 9. 1 8. 4 65. 9 4. 90000001 6. 8 9. 3 8. 4 68. 0 4. 9 7. 0 9. 4 8. 7 34. 4 36. 5 38. 0 2017 2018 2019 E 73. 7 70. 9 5. 2 5. 10000001 7. 3 7. 2 9. 7 9. 5 9. 3 [VALUE]. 0 76. 6 5. 3 7. 5 5. 3% Rest of World 2. 1% North America 1. 7% Europe 2. 9% Asia (ex China) 5. 2% China 9. 9 9. 6 40. 1 42. 2 44. 3 2020 E 2021 E 2022 E 9 CAGR 2017 -2022 E 3. 9% World

GLOBAL DEMAND 29% Transportatio n 25% Construction 16% Electrical 15% Packaging 10% Machinery & Equipment Consumer & Others 5% 10

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