Investor Presentaiton

Highly regulated & critical service model Befesa is the leading environmental services partner in the circular economy of the 2nd steel and aluminium industry by recycling and avoiding the landfilling of c. 2 MT hazardous residues and recovering c. 1.5 MT of new valuable materials HAZARDOUS WASTE BEFESA RECYCLING EAF steelmakers/ recyclers (mini-mills, scrap recyclers) 746 kt STEEL DUST Service fee c. 10-20% HAZARDOUS WASTE Aluminium producers/ recyclers 444 kt SALT SLAGS & SPL Service fee c. 40% BEFESA BEFESA RECYCLING BEFESA OUTPUTS FINAL USAGE 325 kt Filler materials IRON OXIDE e.g., cement, roads 249 kt WOX SOLD Sale of zinc in WOX c. 80-90% Zinc smelters e.g. steel galvanization OUTPUTS 317 kt ALU OXIDE & OTHERS 145 kt + 37 kt ALU MELTING SALT CONCENTRATE FINAL USAGE Filler materials e.g., ceramics, cement, rockwool Aluminium recyclers Sale of salt & alu conc. c. 60% All figures are the average of the fiscal years 2019, 2020 and 2021, thus only include c.4.5 months contribution from Zinc US operations Value chains are simplified and only reflect Befesa's core business segments (i.e. Steel Dust; Aluminium Salt Slags): - Within Steel Dust Recycling Services business segment Befesa manages a Stainless sub-segment (94 kt stainless steel dust throughput, average over L3Y period 2019-2021) - Within Aluminium Salt Slags Recycling Services business segment Befesa manages a Secondary Aluminium sub-segment (179 kt 2nd aluminium alloys produced, average over L3Y period 2019-2021) 7/ Company Presentation - April 2022 BEFESA

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