Ferroglobe : Investor Day Presentation

Investor Day

July 12th, 2022

DISCLAIMER

Forward Looking Statements

This presentation contains forward looking statements These forward looking statements include, but are not limited to, all statements other than statements of historical facts contained in this presentation, including, without limitation, those regarding our future financial position and results of operations, our strategy, plans, objectives, goals and targets, future developments in the markets in which we operate or are seeking to operate or anticipated regulatory or other changes in the markets in which we operate or intend to operate. In some cases, you can identify forward looking statements by terminology such as "anticipate", "believe", "could", "estimate", "expect", "forecast", "guidance", "intends", "likely", "may", "plan", "potential", "predicts", "seek", "will" and words of similar meaning or the negative thereof.

By their nature, forward looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward looking statements speak only as of the date of this presentation and are not guarantees of future performance and are based on numerous assumptions. Our actual results of operations, financial condition and the development of events may differ materially from (and be more negative than) those made in, or suggested by, the forward‐looking statements in this presentation. Except as required by law, we do not undertake any obligation to update any forward‐looking statements to reflect events or circumstances after the date hereof or to reflect anticipated or unanticipated events or circumstances.

Investors should read the section entitled "Item 3 D ‐ Risk Factors" and the description of business in the section entitled "Item 4 ‐ Information on the Company ", each in our Annual Report on Form 20‐F for the fiscal year ended December 31, 2021, filed with the Securities and Exchange Commission, for a more complete discussion of the risks and factors that could affect us.

Non‐GAAP Financial Information

This presentation also includes certain non‐GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin, adjusted net profit, adjusted profit per share, working capital and net debt.

Non‐GAAP financial measures are not measurements of our performance or liquidity under IFRS as issued by IASB and should not be considered alternatives to operating profit or profit for the period or any other performance measures derived in accordance with IFRS as issued by the IASB or any other generally accepted accounting principles or as alternatives to cash flow from operating, investing or financing activities. The company has included these financial metrics to provide supplemental measures of its performance. The Company believes these metrics are important and useful to investors because they eliminate items that have less bearing on the Company's current and future operating performance and highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures.

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TODAY'S PRESENTERS

Javier Lopez Madrid	Marco Levi	Beatriz Garcia-Cos	Benjamin Crespy
Executive Chairman	Chief Executive Officer	Chief Financial Officer	Chief Operating Officer

Benoist Ollivier	Craig Arnold	Gaurav Mehta
Chief Technology and Innovation	Chief Commercial Officer	President, North America
	EVP - Investor Relations and
Officer; Deputy CEO
	Corporate Strategy

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TODAY'S AGENDA

Opening Remarks	Javier Lopez Madrid
Introduction to Ferroglobe	Marco Levi
Driving Change	Marco Levi
Dynamic Operating Model	Benjamin Crespy
Bolstering Competitiveness *	Benoist Ollivier
Customer Value Proposition	Craig Arnold
Financial Performance	Beatriz Garcia-Cos
Closing *	Marco Levi

* Presentation followed by Q&A session

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OPENING REMARKS