Investor Presentation

संदभ(cid:330)/Ref. : NBC/S/4.5 & 4.5(A)/2026/1554 िदनांक/Dated:03.11.2026 To, To, (cid:366)बंधक/The Manager (cid:366)बंधक/The Manager Phiroj Jeejeebhoy Towers, National Stock Exchange of India Ltd., दलाल (cid:720)(cid:332)ीट/Dalal Street, ए(cid:411)च(cid:336)ज (cid:600)ाजा, बां(cid:363)ा-कु ला(cid:330) क(cid:817)(cid:600)े(cid:411), मु(cid:638)ई/MUMBAI- 400 001 Exchange Plaza, Bandra-Kurla Complex, (cid:304)(cid:716)प कोड/Scrip Code: 532234 बां(cid:363)ा ई(cid:720)/Bandra East, मु(cid:638)ई/MUMBAI-400 051 (cid:366)तीक/Symbol: NATIONALUM Presentation - Earnings Call to be held today i.e. 03.11.2026. (cid:373)ीमान/Dear Sir, In continuation to our letter dated 29.10.2026 and pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, enclosed please find a copy of presentation proposed to be made during the Earnings Call scheduled to be held today i.e. Tuesday, the 3rd November, 2026 at 1030 hours for discussions on Company's business and outlook post declaration of Unaudited Financial Results for 2nd Quarter and half year ended 30th September, 2026. Please note that, neither any Unpublished Price Sensitive Information (UPSI) is covered in the enclosed presentation nor will be discussed during the aforesaid Earnings Conference Call. This is for your information and record. ध(cid:586)वाद/Thanking you. भवदीय/Yours faithfully, For National Aluminium Co. Ltd. (बी. के . सा(cid:353))/ (B.K. Sahu) Company Secretary and Compliance Officer ACS: 9953 Encl.: As above National Aluminium Company Limited (A Government of India Enterprise) REGD. & CORPORATE OFFICE Nalco Bhawan, Nayapalli, Bhubaneswar–751013,India CIN # L27203OR1981GOI000920 Tel.:0674-2301988-999, Ext.:2265, 2266, 2267, 2585, 2587, E-mail:company_secretary@nalcoindia.co.in,Website:www.nalcoindia.com Earnings Conference Call Q2 FY 2026-27 3rd Nov’ 2026 Disclaimer The information in this document is being provided by the Company and is subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors. Agenda Company at a Glance PhPyshiycsailc Pale Prfeorrfmoramncaence FiFniannacnicaila Hlsighlights Industry Outlook LBounsgi nTeesrsm H Gigrohwligthh tPslan Responsible & Resilient Company at a Glance Navratna CPSE. Govt of India Holding 51.28%. Integrated Bauxite-Alumina-Aluminium-Power-Coal Complex. Global leader in producing bauxite and alumina at the lowest cost. Port Wind Bauxite Refinery Smelter CPP Coal Facilities Power 6.825mtpa 2.1 mtpa 0.46 mtpa 1200 MW 4.0 mtpa Dedicated 198 MW Alumina Hydrate Standard Ingots Facilities for Special Hydrates T Ingots Storage of Calcined Billets Alumina, Caustic L Ao lun mg i nT aerm Growth Pl Wan ire Rods Soda, Ship Rolled Products Loading Responsible Corporate Citizen Physical Performance Production Q2 / 26-27 Q1 / 26-27 Q2 / 25-26 % change FY 25-26 against CPLY Bauxite 1622 1,829 1780 -8.9% 7,707 Alumina Hydrate 556 578 576 2,300 -3.5% Metal 120 116 119 0.8% 472 Coal 1,095 1,009 941 16.37% 4,000 Thermal Power 1,634 1,725 1,743 -6.3% 6,953 All figures in ‘000T except Power in MU Sales Q2 / 26-27 Q1 / 26-27 Q2 / 25-26 % change against FY 25-26 CPLY Alumina – Export 305 305 365 -16.4% 1308 Alumina – 35 43 31 12.9% 138 Domestic Metal – Export 2 1 - ~ 13 Metal - Domestic 119 112 112 6.3% 461 All figures in ‘000T Financial Performance Particulars Q2 / 26-27 Q1 / 26-27 Q2/ 25-26 % change FY25-26 against CPLY Net Sales 5,380 5,269 4,262 26.2 17,729 Other Op Income 39 33 30 30 114 Revenue from Operation 5,419 5,302 4,292 26.3 17,843 Other Non-Op Income 248 173 152 63.2 666 Total Income 5,667 5,475 4,444 27.5 18,509 Operating Expenses 3,008 2,594 2,367 27.1 9,896 EBIDTA (Excl. Exceptional 2,659 2,881 2,077 28.0 8,613 Income Depreciation 178 182 174 2.3 745 Finance Cost 10 10 8 25 100 Exceptional Income / - - - - - (Expense) PBT 2,471 2,689 1,895 30.4 7,767 PAT 1,835 2,002 1,433 28.1 5,816 All figures in Rs Crore LME Price Trend 3,900.00 3,700.00 $3,670 3,500.00 $3,601 $3,459 3,300.00 $3,148 $3,370 3,100.00 $3,065 $3,250 $3,277 $3,156 $3,061 2,900.00 2,700.00 2,500.00 2,300.00 Jan'26 Feb'26 Mar'26 Apr'26 May'26 Jun'26 Jul'26 Aug'26 Sep'26 Oct'26 LME Aluminium prices are likely to be impacted by: a) Impact of re-surfaced geopolitical tensions / disruptions to Middle East Aluminium production and logistics and Recovery pace (net supportive early, then eased) b) Steady LME stockdrawdown to multi-decade lows (supportive throughout) c) Near-termphysical tightnessand Russian-origin Inventoryconstraints(supportive) d) Strong Chinese production and rising semi/alloy exports(both China & Indonesia) - (capping/downside) e) Broader risk sentiment and macro flows (firmerUS$, elevatedTreasury yields and FED hawkish stance (furtherhikes priced forDec’26) (bearish). WithGlobalinventoriesremainingathistoricallylowlevels(0.23Mln.T)andmarketstill UPSIDE RISK DOWNSIDE RISK expected to be in deficit during the Q4‐2026 before gradually moving towards a more balancedpositionin2027.  RenewedHormuzdisruption  Faster Gulf restarts  Chinacapacityenforcement  China/Indonesia export surge The LME Aluminium price outlook for Q4 2026 is expected to average between US$  WeakerUSD.  Stronger –than -expected ~$2,950–$3,150/t. FED tightening. Industry Outlook – Global Global Aluminium Scenario Global GDP Growth (%) 71.4071.14 72.9873.23 74.6274.46 3.4 3.4 3.1 3.1 18.6419.22 18.7418.84 19.0019.12 2023 2024 2025 2026 2027 (Projection) (Forecast) FY 2023‐24 FY 2024‐25 FY 2025‐26 Q2' 2026‐27 Q2'2025‐26 Q3' 2026‐27 (F) Production (Global) Consumption (Global) Global Alumina Scenario 145.20 144.10 143.00 143.30 140.40 139.40 137.00 136.70 2023 2024 2025 2026 (P) Production (Global) Consumption (Global) 6202 ,rebotcO ,FMI :ecruoS 6202 ’rebmetpeS ,URC :ecruoS 6202 rebmetpeS ,URC :ecruoS Industry Outlook – India GDP Growth Rate (%) 7.1 7 2023‐24 2024‐25 2025‐26 2026‐27 (P) 2027‐28 (F) Transportation & Automobile, 15% Building & Electrical, 48% Construction, Indian Aluminium consumption continues to witness +ve growth in past 05 – years with Consumer Power, Transportation and Packaging & Consumer Durables sectors contributing to the Durables, 7% growth. Machinery & “India is expected to remain one of the fastest-growing Aluminium markets globally, with Equipments, domesticAluminiumdemandprojectedtogrowataround6–8%CAGRthrough2030.” Others, 6% Packaging, 4% Source: NITI Aayog, [Showing first 8,000 characters — download PDF for full document]