Aug 30, 2023

Norsk Titanium : 1H23 Investor Presentation 5-day change Today at 01:08 am Innovating the future of metal manufacturing Rapid Plasma Deposition® - Additive manufacturing technology replacing legacy structural forgings Forging then Record high activity level moving into the second half 2023 Key events in the first half 2023 Entered into a strategic Collaboration Agreement with ATI Inc., a global producer of high-performance materials and solutions for the aerospace and defense markets Increase in the number of parts identified by existing customers for transition to serial production and significant new customer development activities Total revenue and other income of USD 1.1 million up +19% from the same period last year Year end 2022 target markets transition into production of parts in pipeline transition into production at full-rate production Development Engagements Delays in first half 2023 approvals impacting near term revenue Commercial Aerospace Continued strong engagement exploring new additional parts End-to-endqualification ongoing; awaiting Airbus approval Defense Added to Northrop Grumman's approved special processor listings Completed part transition change board with a DoD prime contractor; production early 2024 Completed initial development of a large part with General Atomics ASI Industrial / New Opportunities Additional production orders anticipated in 2023 Experienced and resolved production transition issues Delays in qualification approvals impacting 2023 revenues - Long term target of USD 150m of revenue in 2026 Norsk Titanium AS © 2023 | Private and confidential Commercial Aerospace growth cycle Revenue Passenger Miles (RPM) Changes to the aerospace business caused by the downturn of COVID-19 will shape the industry for years to come Having retired older aircraft, fleets will be younger and more fuel-efficient Commercial aerospace recovery continues as U.S. domestic air travel is coming back to pre-pandemic levels and international travel is expected to fully recover by 2024 / 2025 According to the FAA, system traffic in revenue passenger miles (RPMs) is projected to increase by 5.5% a year between 2021 and 2041 Well positioned to capture revenue growth from growing industry trends through existing partnerships with Airbus and Boeing RPM