Eramet : Combined General Shareholders' Meeting presentation of 28 May 2021

Combined General Shareholders'

Meeting

28 mai 2021

Presentation of the Group in 2020 and its outlook

Christel BORIES

Chair & CEO

28 May 2021

Disclaimer

Certain information contained	in this	presentation	including any	information on	Eramet's plans or
future financial	or operating performance and any other statements that express management's
expectations or	estimates of	future	performance,	constitute	forward-looking	statements. Such

statements are based on a number of estimates and assumptions that, while considered reasonable by management at the time, are subject to significant business, economic and competitive uncertainties. Eramet cautions that such statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Eramet to be materially different from the company's estimated future results, performance or achievements expressed or implied by those forward-looking statements.

Past performance information given in this presentation is solely provided for illustrative purposes and is not necessarily a guide to future performance. No representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward-looking statements, forecast financial information or other forecast. Nothing contained in this presentation is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or future performance of Eramet.

Nothing in this presentation should be construed as either an offer to sell or a solicitation to buy or sell securities nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such jurisdiction.

3 Combined Shareholders' General Meeting - 28 May, 2021

2020: 4th consecutive year of significant safety improvements

Eramet accident frequency rate (FR21)

14	13.4
13
12
11	10.9
10
9			8.3		-24%
8				vs 2019
7
6
5			5.4		4.1
4
FR2 divided by 3
3
2	vs 2016				2.0
1
0
2016	2017	2018	2019	2020	Q1 2021

Strong Group commitment towards safety

Strong focus on any risk situation with rigorous root cause analysis

Tackling the pandemic

Strict sanitary protocol adopted at all Group's sites since March 2020

4 Combined Shareholders' General Meeting - 28 May, 2021

1 FR2 = number of lost time and recordable injury accidents for 1 million hours worked; including employees and subcontractors since 2016

Remarkable operational performance, in the context of a global

health crisis...

Operating

performance

Strong progression in mining operational performance in Mining & Metals division

Continued organic growth in manganese ore production in Gabon

• +22% in 2020 (5.8 Mt); +17% in Q1 2021 (1.5 Mt)

Ongoing increase in nickel ore exports in New-Caledonia

• +55% in 2020 (2.5 Mwmt); +31% in Q1 2021 (433 kt)

Exceptional progress in mining operations at Weda Bay in Indonesia

• 3.4 Mwmt in 2020; 3.0 Mwmt in Q1 2021

Profound impact of aerospace crisis weighing on the High-Performance Alloys division

Decline in aerospace turnover, the main market of A&D

• -24% in 2020 (vs. 2019); -39% in Q1 2021 (vs. Q1 2020 hardly affected by the crisis)

Strict costs & cash control in 2020 to be maintained in 2021

Costs and

cash control

Cash preservation with structural progress, particularly in WCR

Investment discipline: strict control over Capex, favouring investment with short payback

Continued adjustment of A&D cost structure to a durably degraded aerospace sector

5 Combined Shareholders' General Meeting - 28 May, 2021

1 TRIR (total recordable injury rate) = number of lost time and recordable injury accidents for 1 million hours worked (employees and subcontractors)