Hindalco Industries Limited

23.4%

Among NIFTY 50 Peers Absolute Profits Strong ROCE Attractive valuation • Rank 5* • 3 yr CAGR : 23.4% • H1 PAT ~ $1B • H1 ROCE :19.6% • P/Book 1.33# vs. Avg of 7.6 (Nifty 50) • Disciplined Capital

19.6%

fits Strong ROCE Attractive valuation • Rank 5* • 3 yr CAGR : 23.4% • H1 PAT ~ $1B • H1 ROCE :19.6% • P/Book 1.33# vs. Avg of 7.6 (Nifty 50) • Disciplined Capital allocation • P/E : 10# vs. Avg o

1.23x

ciplined Capital allocation • P/E : 10# vs. Avg of 68.8 (Nifty 50) • Consol. Net Debt / EBITDA at 1.23x • Growth Capex : $10B *Excluding 24 Companies in the Sectors of Financial Services and PSUs # As

4x

Upstream Aluminium Copper Double Down Downstream Aluminium Copper Specialty Alumina Recycling 4x by FY30 Advancing Aluminium as the material of choice with circular solutions 1 2 3 Highly

75%

ncing Aluminium as the material of choice with circular solutions 1 2 3 Highly Circular Reach 75% average recycled content across our products Low Carbon Reduce emissions to less than 3 tonnes o

5 million

Reduce emissions to less than 3 tonnes of CO2e per Tonne of FRP shipped Leader in ROIC Capacity : 5 million EBITDA/t : $600+ Investor Day 2025 4 * Non LME based business includes Novelis, Copper, Alumini

50%

iness includes Novelis, Copper, Aluminium Downstream and Speciality Alumina Non-LME Based EBITDA* ~50% ~70% Macros Trends Market Snapshot: LME trends influenced by fundamentals, policies, sentiment a

70%

includes Novelis, Copper, Aluminium Downstream and Speciality Alumina Non-LME Based EBITDA* ~50% ~70% Macros Trends Market Snapshot: LME trends influenced by fundamentals, policies, sentiment and ta

1%

nds influenced by fundamentals, policies, sentiment and tariffs Market Supply: Global production: +~1%. ▪ China: Gains in Yunnan, Sichuan, Inner Mongolia; Shandong closures. ▪ Rest of World: Growth from

4%

t by deficit in China • Rising Global demand of Aluminium FRP across segments • Beverage Cans : ~4% • Automotive : 3-5% • Aerospace : 4% • Specialties : GDP+ rates • Scrap Spreads in North America

5%

a • Rising Global demand of Aluminium FRP across segments • Beverage Cans : ~4% • Automotive : 3-5% • Aerospace : 4% • Specialties : GDP+ rates • Scrap Spreads in North America Scrap prices trendin

61%

South Korea, commissioned in FY25 • Bay Minette, US, expected FY27 • Latchford, UK, expected FY27 61% 60% 61% 57% 61% 63% 57% 55% 53% 53% 46% 0 6 4 , 1 2 2 6 , 1 0 9 7 , 1 0 0 7 , 1 2 2

“Investor Day 2025 2 Hindalco’s Position Among NIFTY 50 Peers Absolute Profits Strong ROCE Attractive valuation • Rank 5* • 3 yr CAGR : 23.4% • H1 PAT ~ $1B • H1 ROCE :19.6% • P/Book 1.33# vs.”

Planned Capacity

2

Sub

1

Sub

Investor Presentation for the investor meeting at the Non-deal road show to be attended by Hindalco Industries Limited in Singapore [“Company”]. Ref: a. Regulation 30 (read with schedule III- Part A) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; and ISIN: INE038A01020 and b. c. Our Intimation dated November 18, 2025 Pursuant to the above referred, please find enclosed herewith the investor presentation for the investor meeting at the Non-deal road show to be attended by the Company. The event is scheduled to be held from November 24-26, 2025. The above is being made available on the Company’s website i.e., www.hindalco.com This is for your information and record. Sincerely, for Hindalco Industries Limited Geetika Anand Company Secretary & Compliance Officer Encl: a/a Hindalco Industries Limited Registered Office: 21st Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013, India |T: +91 22 69477000 / 69

Planned Capacity

20 KTPA (1st phase) Investor Day 2025 16 Hindalco India : Cost Position to improve further with captive coal Change in Energy Mix (%) < 2% > 98% ~17% 35 - 40% 45 – 50% ~30% ~70% FY25 FY29 FY33 Coal based - Linkage & spot Coal based - Captive mines Renewables Self-Sufficiency by FY33 100% coal requirement to be met through captive mines Current Mix Predominantly coal-based from linkages and spot purchases Transition by FY29 50% shift to captive mines and renewable energy Renewables reaching ~30% of total energy mix in FY33 Investor Day 2025 17 Hindalco India : Investments driving growth in volumes as well as expansion in margins S E M U L O V I S N G R A M Primary Aluminium Capacity (KTPA) Copper Shipments (KTPA) Aluminium Downstream Capacity (KTPA) Specialty Alumina Shipments (KTPA) 374 1,714 365 856 170 600 1,340 491 430 586 1000 414 Current 1 Capacity Under 2 Execution Post 3 Ramp up FY24 Sales Under Execution Post Ramp up Current Capacity Under Execution Post Ramp up FY24 Sales New