10 Years of TRIMET Hamburg. TRIMET Aluminium SE. At a glance 2016/17

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1 10 Years of TRIMET Hamburg TRIMET Aluminium SE At a glance 2016/17

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3 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 3 AT A GLANCE TRIMET ALUMINIUM SE IN MILLION FINANCIAL PERFORMANCE Sales 1, , , , ,177.6 EBITDA Depreciation Interest result Net income FINANCIAL POSITION Total assets Equity Ratio of equity to total assets in percent Net debt to banks Capex EMPLOYEES Employees at year end (number) 1,600 2,033 1,960 1,923 1,647 thereof trainees (number) Personnel expenses The closing date is June 30. Unlike in previous years, the above figures for 2017 no longer include the Automotive Division at the Harzgerode location. This division was spun off with economic effect as of July 1, 2016.

4 4 FOREWORD BY THE OWNER DEAR READER, TRIMET is a family business and will remain so in the future. As a family business, TRIMET stands for independence, sustainable growth, job security at all locations, and successful economic activity. Heinz-Peter Schlüter founded our company on these principles, consistently shaping and running it for more than 30 years. Continuing the legacy of the founder is, therefore, far more than just a commitment. It is part of our conviction, as well as our self-conception, to develop TRIMET in this spirit. We my entire family and I stand for this together. TRIMET is dependable. Our customers appreciate and trust us, because we know their needs and offer solutions and because we keep our word. We also expect dependability from political policies, for as a company, we must be able to rely on a valid regulatory framework. Dependability also characterizes collaboration within our company. TRIMET s success is essentially the success of all employees, who with their performance, ideas, and commitment contribute to the TRIMET spirit. On the following pages, this report will look back at the development of TRIMET s Hamburg plant, which started ten years ago. This has succeeded mainly thanks to our employees experience, energy, and dedication. In this respect, Hamburg serves as an example, and represents all of TRIMET s locations. Dependability, cooperation, and trust are values that are also important to us beyond the factory gates. It is a matter of course for the TRIMET family to take on responsibility at our plants as good neighbors and demonstrate social commitment. We are hard at work advancing the training initiatives for refugees that were launched two years ago by Heinz-Peter Schlüter. Meanwhile, twelve young people have started their professional careers at TRIMET, accompanied by qualification measures and a mentoring program supported by various staff members working as volunteers. More will follow in the coming years.

5 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 5 TRIMET can look back on a successful year. Economic success forms the basis of our actions. In a dynamic market with rising demands, we are positioning ourselves well by orienting ourselves on our values. Success has come, above all, thanks to the Management Board and to all our employees. I would like to take this opportunity to personally thank you very much for your commitment and loyalty. Warm regards, Karin Schlüter, owner and member of the Management Board of TRIMET SE Karin Schlüter Owner and member of the Management Board of TRIMET SE

6 6 FOREWORD BY THE MANAGEMENT BOARD ALUMINUM MAKES LIFE EASIER Dr. Martin Iffert, CEO of TRIMET Aluminium SE TRIMET s production locations look back on a long industrial history. Yet aluminum is a fairly recent material. Thanks to its versatility and its material properties, it has enjoyed a rapid rise in recent decades. Aluminum has enabled the development of many modern products. And in the future, there will be many more products that would not have seen the light of day without aluminum. The metal also owes its growing importance to its sustainability: With minimum resources, aluminum can be melted down again any number of times without quality losses and used for new applications. The transport sector is therefore one of the most important growth and innovation drivers in the aluminum industry. More stringent climate protection requirements are advancing the lightweight construction of vehicles and opening up new application fields for aluminum. Electric drives are the future of mobility. With a heavy battery unit, lightweight engineering is a key success factor in e-mobility s popularity. Aluminum is the material of choice here: for battery casings but also for structural and bodywork components and other parts. Its share in the automotive material mix will continue to increase. Innovative products can only be created by using innovative materials. Therefore, it will remain important in the future to develop and manufacture aluminum alloys in Germany. In addition to modern plants, employee expertise and qualifications are decisive for ensuring sustainable and successful value creation in Europe as an industrial location. This is particularly true when it comes to the foreseeable developments in digitization and demography. TRIMET relies on the quality of its workforce. Not only do we formally instruct many young people in various training professions each year, we also ensure the continuous training of our employees and grant them a large scope of responsibility. They repay the company for this freedom with exceptional commitment and many clever ideas that support process optimization. Thanks to a structured use of Kaizen methods, we are increasingly able to exploit this potential across all locations. In this way, many improvements are based on considerable efficiency enhancements arising out of employee initiatives. I would like to take this opportunity to thank our employees for their outstanding commitment and dedication.

7 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 7 At TRIMET, promoting and encouraging employees means granting them the freedom to implement their own ideas and thus determine their own career paths. We prefer to recruit executives and experts from our own pool of young talent. In the TRIMET Academy, we systematically promote young employees who have shown potential for future management positions. This not only includes tailored supplementary qualifications, but also mentoring and further academic training. We offer them clear career perspectives in this way, ensuring their long-term loyalty. TRIMET stands by Germany and Europe as industrial locations. Industrial production plays a significant role in safeguarding the level of prosperity and also protects society from social upheavals. Industrial work also offers opportunities for integration, societal participation, and social advancement. We would like to take advantage of this integrative force. As the legacy of Heinz-Peter Schlüter, entrepreneurial responsibility for the company s workforce is firmly anchored in TRIMET s DNA. It is a key reason for the high level of identification that our employees show to the company and guarantees our economic success. This social conscience also led our founder to organize a refugee initiative that now offers 66 refugees training and professional prospects at TRIMET. We plan and act for the long term. That is why, as with all junior staff, we look far beyond the end of the training period. Our goal is to turn apprentices into new employees. For TRIMET continues to focus on sustainable growth. Dr. Martin Iffert CEO of TRIMET Aluminium SE

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10 10 10 YEARS OF TRIMET HAMBURG Richard Meier Director of Electrolysis 10 YEARS OF TRIMET HAMBURG INDUSTRIAL LOCATION AT THE GATEWAY TO THE WORLD The aluminum smelter in Hamburg is one of four locations in which TRIMET produces primary aluminum. This location has been part of the TRIMET family for ten years. Some 340 employees annually produce 133,000 tons of aluminum and up to 120,000 tons of carbon anodes for the electrolysis process here. The plant at the port in Finkenwerder has helped shape the recent industrial history of the Hanseatic city and will continue to shape its future. I have been with TRIMET Hamburg since May Since 2015, I have been the Director of Electrolysis. The upbeat mood of 2007 still characterizes the working atmosphere at our location, and can be felt in the daily work routine here. Many colleagues who faced the closure of their workplace more than ten years ago are still employed here now and have rebuilt the location. The plant is characterized by this special spirit. The idea of family is very present here. I already sensed this during my internship here in I was given a very friendly welcome and was fully integrated into the team. This idea is also reflected in the shared activities that take place across all departments and functional levels. For example, group sports involve not only apprentices, but also senior engineers. Or groups cook together for the Ronald McDonald House. And from a technical point of view, we are not standing still here either. TRIMET has invested a lot in optimizing the production facilities, with a new anode furnace, the high-rack storage system for the anodes, and the modernization of the electrolysis process. The history of the site began more than 40 years ago. In the early 1970s, the industrial region of the Hamburg metropolitan area experienced a major boost. In Stade, 30 kilometers west of the Hanseatic city, a large power station was connected to the grid. A chemical plant in the neighborhood produced sodium hydroxide as a by-product. This compound is needed to obtain aluminum oxide from bauxite. For this reason, Vereinigte Aluminiumwerke AG (VAW) and Reynolds, an American company, constructed a production site for this raw material used in aluminum production directly next to the chemical plant. The Reynolds Metal Company was already firmly established in Germany with a production plant in North Rhine-Westphalia. Now the world s third-largest aluminum producer wanted to build an aluminum smelter with connected rolling mill in the booming northern region. The choice was made for Hamburg. The metropolis and its port have always been the gateway to the world and offered a good infrastructure. The Elbe Tunnel had just been completed, and the arrival of workers from southern Europe meant that there was an abundant source of labor. Prestige project at the Port of Hamburg At the end of 1969, a project office in Hamburg started planning the aluminum smelter in Finkenwerder. Kurt Ehrke was part of that project team. Ehrke, later a member of the TRIMET Management Board, started out in 1967 as an engineer at Reynolds (incidentally, he was its first German employee). In Hamburg, he built a model for the aluminum plant that would be constructed near the port. The company s boss, J. Louis Reynolds, traveled from the USA for the groundbreaking ceremony on September 22, The industrial plant was a prestige project for both the global corporation and the Hanseatic city. The electrolysis halls, anode factory, foundry, and rolling mill were all constructed in just three years with state-of-the-art systems. Reynolds had a good reputation as a developer of electrolytic furnaces. The new P19 furnace type was ultimately installed in Hamburg, and a total of 270 furnaces

11 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 11 Karsten Bösch Foreman, Process Control were installed in three halls. They were designed for an annual production of 100,000 tons of primary aluminum, which would be further processed in the neighboring foundry and the rolling mill. A difficult start In 1973, the first phase of the plant was completed, enabling the foundry and the rolling mill to go into operation. In February 1974, electrolysis halls 1 and 2 were commissioned, as was the anode furnace. The start of operations in hall 3, on the other hand, had to wait: gladioli growers complained that their flowers would suffer and farmers also protested. The death of Berta the cow made headlines in the newspapers. The aluminum plant was said to be the cause but in reality it wasn t. Only in 1976 were these accusations dispelled and the real cause discovered. In the meantime, the plant s ownership structure had changed. Energy costs had risen dramatically as a result of the oil crisis; the expected profits could no longer be attained through energy-intensive aluminum production. Reynolds planned its withdrawal from Europe and wanted to give up the location. The city of Hamburg got involved to save its flagship project. At the end of lengthy talks, a new operating company was found in the autumn of 1975 to secure the continuation of the production site. Reynolds held onto the rolling mill. The aluminum smelter, foundry, and anode factory, on the other hand, were transferred to a new company, Hamburger Aluminiumwerk GmbH (HAW). Reynolds, VAW, and Austria Metall AG (AMAG) each had a one-third stake in the company. In 1976, HAW was granted permission to start operations in the third electrolysis hall, ensuring the planned annual production of 100,000 tons of primary aluminum. In the following years, the systems would be technically enhanced, and the plant increased its production output to 125,000 tons of primary aluminum. Uphill struggle to preserve the site Meanwhile, the global aluminum production market was on the move. In 2000, Reynolds was taken over by Alcoa, the global market leader in aluminum production, which also assumed Reynolds s stake in HAW and transferred the rolling mill to VAW. Like the VAW stake in HAW, this would later come into the possession of Norsk Hydro. Aluminum I was here in 2007 when the smelter was once again fired up. To start a plant from zero was something I had never experienced before. But I was well acquainted with the plant, because I had been working here for 13 years before it was decommissioned. So it was a no-brainer for me to say yes when the call came in 2006 as to whether I d like to work here again. I wasn t familiar with TRIMET, but I told myself that if a medium-sized company wants to take over the plant and get it up and running again, it also plans on doing something with the location. And this is exactly what happened. It was exciting to come back to my old job and start working again with old and new colleagues. TRIMET is more family-oriented than the previous owners. You can sense that; it s a medium-sized company. Over the past ten years, a lot has been done to improve the facility and keep it up to date. It is important to keep the entrepreneurial spirit. Because if too much routine sets in, things become dangerous. One can always improve something, and we put this attitude into practice here every day. My hope for the future is that TRIMET will continue investing in the location. It would be a nice prospect to work here until my retirement.

12 12 10 JAHRE TRIMET HAMBURG Carsten Schur Foreman, Furnace Construction production is an energy-intensive process, as the fused-salt electrolysis process requires large amounts of electrical current. Electricity prices are thus a significant cost factor. For corporations following a global strategy involving production sites around the world, rising electricity prices in Germany increasingly became a locational disadvantage. The demand for aluminum was increasing, but its production was becoming less profitable. By early 2005, the new shareholders planned to give up the location. Negotiations with potential buyers failed, ultimately leading to the decision to shut down the Hamburg aluminum smelter. Only the foundry would continue to produce on-site for the rolling mill. I have been working in the aluminum smelter in Hamburg since 1991, and I was also active in the shutdown and decommissioning in To shut down the electrolysis area in an orderly manner, we had to break open the furnaces to retrieve all the metal and coal scraps from the cells. After TRIMET took over the plant, we started firing up the furnaces again. This required a lot of weekend work. But I liked doing it, because you finally knew where you were going to go in the morning. I knew that TRIMET ran an aluminum smelter in Essen, so I had confidence that the company was very familiar with the process. I immediately sensed the familiar atmosphere that prevails here and I still have a good gut feeling today. I wasn t allowed to look beyond my furnace before what was out of my reach had nothing to do with me. At TRIMET, all that has changed. Collaboration with other departments works well, as does the exchange with colleagues from other locations. You re able to gain new impressions and pass on experience. We re doing a lot together to make things even better. My hope for the future is that TRIMET will continue to stay in business for a long time, and that my colleagues will stay a long time, too. TRIMET saw an opportunity to expand its own production capacities for primary aluminum at the Hamburg aluminum smelter. The family business had taken over the aluminum smelter in Essen ten years earlier, entering the field of primary production. The Essen location was operating successfully, the order books were full, and there was sufficient expertise in the areas of operation, raw material procurement, and product sales. In addition, the company has just signed a power supply agreement that broke new ground, flexibly adapting the electricity price to prices on the aluminum, exchange, and power markets. Taking over the Hamburg smelter was thus a very interesting prospect for TRIMET, especially as the site also included an anode factory, which the company did not yet have in its possession. In-house anode production would make TRIMET less dependent on imports. Aluminum summit in the German Federal Chancellery Pre-acquisition negotiations would go on for more than a year. Once again, the government intervened to prevent the permanent closure of the site. Even the federal government got involved to retain jobs in Hamburg-Finkenwerder. German Federal Chancellor Gerhard Schröder invited key stakeholders to the Chancellery for an aluminum summit. However, an agreement could not be reached, and the decommissioning of the aluminum smelter and anode factory continued. The employees were forced to shut down the electrolysis furnaces. At the end of 2005, all 270 furnaces were powered down, and the aluminum and anode production stopped. Hamburg s aluminum smelter was cold. However, the efforts of city authorities and politicians hadn t ended after all, it was still unclear how HAW could be held liable for environmental damage occurring in the future, for example. The dismantling

13 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 13 Oliver Walter Production Manager, Anode Factory of a plant to establish new enterprises often necessitates complex environmental remediation. The Hanseatic city called on the shareholders to take unlimited liability for the costs of the site s environmental rehabilitation. However, the corporations involved were keen to avoid such a risk to their balance sheets. They transferred the environmental risks to the city by paying a double-digit million-euro sum, simultaneously agreeing to the sale of the installations. The precondition for TRIMET to take over the site was thus fulfilled, leading to the plant s rescue. At the end of September 2006, the business media reported: TRIMET will take over the Hamburg aluminum plant. On November 10, 2006, TRIMET s founder Heinz-Peter Schlüter signed the purchase contract at Hamburg City Hall. On December 1, the handover took place on the plant premises: the HAW flag was lowered, and three apprentices from Essen raised the flag emblazoned with the TRIMET logo. Old new employees rebuild their plant TRIMET now possessed the aluminum smelter with three electrolysis halls and the anode factory. But the production facilities had been completely shut down, and the plant had no workers. TRIMET now made efforts to fill the staff, especially with those who had worked there before and knew the location well. After all, experience counts! And the workers came back. Many employees who had found new positions even quit their jobs and returned to their old workplace. They were joined by the former workers of the aluminum smelter in Stade, which had also been shut down. Now the important milestone was to restart aluminum and anode production. Starting up cold electrolysis cells is one of the most challenging tasks in the industry. Only a handful of experts around the world have the knowledge to oversee this difficult process. But in Hamburg, TRIMET relied on its own expertise. It was the morning of March 5, 2007, in front of furnace 130 in hall 1. To restart the production process. the team gathered around Dr. Martin Iffert, then plant manager, and head of electrolysis Dr. Jörg Prepeneit, who had already worked in Hamburg during the HAW period and is now plant manager of the site. They proceeded to preheat the cell for three entire days. Afterwards, they added a few grams of cryolite to the furnace. The material melted after many hours, but there were still problems. After midnight, electricity distribution to the 18 anodes of the electrolysis furnace deteriorated In 1984, I began an apprenticeship here as a process mechanic in non-ferrous metallurgy, which was a rare discipline then. Afterwards, I completed a three-year on-the-job training course. From 1990, I had a full-time job at the anode furnace; nine years later, I became a qualified foreman. I have supplied the entire world from this location, including anodes to Rotterdam, Russia, and Brazil. When the plant was shut down, I was part of the decommissioning team, so I was on-site throughout this period. We serviced, repaired, and inspected all the machines. During this phase, sometimes it was really difficult to come to work. But I never lost hope. In the years before, there had always been rumors about a plant closure. At the anode furnace, we re a large, multicultural family, all pulling together. I feel at home here, so sometimes my supervisor has to make sure that I don t stay too long. A lot has happened in the past ten years. We have a new furnace and are now able to deliver better anode quality. But the outstanding collaboration that has always characterized us has remained. There are no complicated hierarchies at TRIMET. Good ideas can be implemented by every employee, after a short coordination period.

14 14 10 JAHRE TRIMET HAMBURG Helge Friedrich Division Manager, Electrolysis dramatically, and the cast iron on some anode blocks began to melt at a melting point of over 1,300 degrees. The experienced shift manager Ralf Plagge boldly attempted to avert disaster, cooling the anodes with an air lance. Too late: the power of thousands of amps discharged itself, causing an explosion that hurled Plagge backwards. Iffert yelled emergency shutdown, and the power was immediately switched off. Thirty years ago, I started my apprenticeship here as a process mechanic. I got to know the entire plant and finally wound up in electrolysis. That was a good fit. When the plant was closed down in 2005, I helped to shut down the last furnace. It was an emotional rollercoaster. Then I was at Airbus for a year in production control. I gained a lot from that experience, and I wouldn t want to have missed it. But when the call came from TRIMET as to whether I could imagine helping to getting the plant up and running again, I didn t hesitate for a moment. We sealed the contract with a handshake, and in early January 2007 I was back here in the aluminum smelter. I came in and saw many old colleagues and companions. We were given the unique opportunity to bring a factory back to life. It was a very moving time for all of us. We put a lot of heart and soul into the effort, and this hasn t changed right up to the present day. Today I can still sense the same ambition, the same spirit. I can develop my skills here; decision-making processes are short. And it remains exciting. We want to shape the future to ensure that our younger colleagues also have the opportunity to earn a living here for a long time. The shock was felt deeply, and the team thought about giving up. But they rallied around Iffert, came up with a new strategy, and ventured a new attempt. This time, it was possible to maintain stable electricity distribution and to melt more cryolite. At about 3:30 in the morning, their mission was ultimately successful. The men embraced one another. Furnace 130 was now in operation, and the most difficult hurdle had been surmounted. Before the end of the year, all 270 electrolysis furnaces would once again be fired up. This event bonded the team, and memories of the sweet moment of success still linger today especially as there were many who believed it would never happen. The slogan on a sign in the shift manager s office puts it all in a nutshell: A matter of honor. A clear course in difficult waters TRIMET invested some 50 million euros in recommissioning the site. Only a year after being taken over, the aluminum smelter and anode factory were again producing at full capacity. But in 2008, the company and its employees faced the next challenge. The international financial crisis slowed the economy, leading to a collapse in demand and reducing production. Half of the electrolysis furnaces were shut down; the workers agreed to reduced hours and worried about their jobs. However, the management of the family business made sure to set a clear course. Kurt Ehrke, who had returned to the TRIMET Management Board from retirement in early 2007, assured workers that no one would be laid off. What s more, the company turned all existing temporary contracts into permanent contracts in the midst of the crisis. As in the other TRIMET locations, the Hamburg team was retained in full force, and the phase of reduced working hours was used for advanced training programs. Soon the economy recovered, demand picked up, and the aluminum smelter was again producing at full capacity.

15 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 15 Lars Sylvester Master Electrician The efficiency of the production process was steadily improved in the following years. TRIMET s investments included 25 million euros in a new anode furnace. That way, annual production could be increased to 120,000 tons of fired anodes and the specific energy consumption of the firing process could be reduced by more than 40 percent. An innovative high-rack storage system was also installed, in which the hot anodes could harden and cool without utilizing additional energy. The effect: less scrap and more energy efficiency. A new furnace control system also increased production efficiency in the aluminum electrolysis process and, above all, reduced emissions from the anode effect. TRIMET continued to work closely with the foundry at the shared plant, which is hydro-powered, like the adjacent rolling mill. Most of the TRIMET aluminum produced in Hamburg is cast here before being processed further in the rolling mill. TRIMET helps shape the future of Hamburg The sense of togetherness from this dramatic period still characterizes the location, befitting TRIMET as a family business. Today, on many levels, a close exchange is maintained with the other production locations. In this way, good ideas and best practices quickly gain a foothold. The basic understanding of TRIMET as a family business also unfolds its integrative force outside the factory gates. Great importance is attached to social commitment, and many employees are involved in community initiatives with the company s support. The TRIMET aluminum smelter in Hamburg is actively playing a part in shaping the future of the industrial location. The production plant is adapting itself to the transition of the energy supply. Grid operators are stabilizing the power supply by aligning the electrolysis process to switch-off capability and more flexible models. TRIMET is also an active participant in the Northern Germany Energy Transition 4.0 (NEW 4.0), an initiative of some 60 partners from the worlds of business, science, and politics in Hamburg and Schleswig-Holstein who want to achieve a sustainable energy supply while strengthening the region s future viability. As a visible sign of this commitment, three wind turbines with a combined height of 199 meters from Hamburg Energie have been operating on the TRIMET site since February They produce electricity for around 10,000 households, clearly showing that the primary industry and renewable energy go hand in hand in the Hanseatic city. I have been familiar with the aluminum plant in Finkenwerder since my childhood, because my father had been working here since 1973 as a master metalworker. So I started my apprenticeship at Blohm & Voss here as well in The closure of the smelter in 2005 was a sad moment. Although I found a job in the neighboring foundry, I didn t really feel comfortable there and felt like a nameless person among many. So I immediately seized the opportunity to return, although I wasn t familiar with TRIMET at all. Today I am still happy that I took this step. I like the familiar way we deal with one another here, and you can bring in your own ideas and implement them. The recommissioning of the smelter was exciting and exhausting, but it was also a lot of fun. I was able to recruit some former colleagues, but I also gained new ones. We have modernized the systems in recent years. My hope for the future is that TRIMET will continue to invest here in order to safeguard the future of the site. I still enjoy working here. I was particularly happy when TRIMET started to train here again. Recently, one of my apprentices was honored as the best electrician in Hamburg. That makes me feel proud.

16 16 CHRONICLE 2016/17 CHRONICLE 2016/17 Looking back over the past financial year, many highlights should be included that frequently advanced the company beyond the short term. In this chronicle, we ll take a look back at investments and new products, as well as at civic and social activities that accompanied our economic success during the reporting period. JULY 2016 AUGUST 2016 SEPTEMBER 2016 OCTOBER 2016 NOVEMBER 2016 DECEMBER At the French TRIMET plant in Saint-Jean-de- Maurienne, 19 young people are awarded certificates for the successful completion of an internally developed training program. TRIMET has continuously expanded production at the plant since acquiring it in At the TRIMET plant in Harzgerode, partner company Elrec GmbH is responsible for blasting and plastering work on aluminum castings prior to shipment to the customer. TRIMET and Elrec announce a joint expansion of these production steps, thereby providing a clear signal on safeguarding the future of the location At the start of the new training year, TRIMET welcomes 51 young people at the various plants in which they will now start their careers. The development of inhouse talent is one of the founding principles of the family business TRIMET participates in the joint pavilion of the local Chamber of Industry and Commerce and other economic associations at the large citizens fair on the occasion of the 70th anniversary of the state of North Rhine-Westphalia in Düsseldorf As a light metal, aluminum is a natural fit for electro-mobility. This connection has become visible through the estation in front of the TRIMET headquarters in Essen. There, visitors can recharge their vehicles while inside the building With a total of six boats, the TRIMET locations in Harzgerode and Sömmerda participate in the 25th Sömmerda rafting race In the cross-location Apprenticeship Camp, new TRIMET trainees learn about the workflows in various departments and given insights into processing for long-term customers. In addition, a range of exercises is used to strengthen camaraderie and team spirit, thereby facilitating integration within the company At the annual press conference, TRIMET Aluminium SE reports on its results for the past financial year. With group sales of 1.7 billion euros and an increase in earnings to EUR 63 million, the company continues on its sustainable path of growth For the sixth time, the Long Night of Industry draws Essen residents to industrial companies, including to the local TRIMET plant. At the Hamburg edition two weeks later, around 100 people visit the TRIMET aluminum smelter in Finkenwerder Ten years of TRIMET Hamburg! On November 10, 2006, TRIMET s founder Heinz-Peter Schlüter signed the purchase contract for the Hamburg aluminum smelter Dr. Martin Iffert, CEO of TRIMET, is voted in as the new President of the metal trade association WirtschaftsVereinigung Metalle e.v. (WVMetalle). As part of his mandate, he intends to set focal points on energy and climate policy in addition to representing the interests of the primary industry At the leading international trade fair ALUMIN- IUM, TRIMET presents itself as a reliable and innovative partner, particularly to the automotive industry, and also presents a new alloy The innovation alliance NEW 4.0 (Northern Germany Energy Transition) wants to ensure that the region of Hamburg and Schleswig-Holstein is supplied with renewable energy by With its flex-electrolysis process, TRIMET Hamburg is a project partner Once again this year, TRIMET dispenses with gifts for customers and business partners. Instead, it supports social initiatives at the production locations. These organizations can look forward to receiving a total of 25,000 euros.

17 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 17 JANUARY 2017 FEBRUARY 2017 MARCH 2017 APRIL 2017 MAY 2017 JUNE For its innovative virtual battery concept and the outstanding potential it shows in fostering the energy transition, TRIMET officially becomes part of the competitive exhibition KlimaExpo.NRW At the annual TRIMET Metal Breakfast, long-standing customers and business partners discuss the developments and trends on the aluminum market with TRIMET experts The TRIMET plant in Harzgerode celebrates the successful completion of a large-scale project. Since 2009, more than five million high-quality cast nodes have been produced for its client BMW Essen s Mayor Thomas Kufen and Project Director Simone Raskob welcome TRIMET as a sponsor of urban activities at the European Green Capital In particular, the thematic areas of climate change and the energy transition will be part of the cooperation with TRIMET Overseen by Hamburg s Mayor Olaf Scholz, the three largest wind turbines in the urban area are put into operation at the TRIMET plant. TRIMET thus inaugurates a widely visible symbol of the compatibility between industrial production and renewable energies The TRIMET plant in Sömmerda supports the local city administration s initiative Sömmerda drives electric! with sponsorship activities. Together with other local and regional stakeholders, TRIMET helps the city administration to utilize climate-friendly electro-mobility on journeys in the local area In the presence of Saxony-Anhalt Minister President Dr. Reiner Haseloff, the groundbreaking ceremony is held for a significant expansion of the TRIMET plant in Harzgerode. By 2019, TRIMET and its partner company Schlote will create some 100 new jobs At the Health Days 2017, organized by the local occupational health management team, well over 100 employees at TRIMET s Hamburg plant take part in measures to promote health and prevent disease and injuries On the occasion of Future Day 2017, schoolchildren visit several TRIMET production plants to gain insights into the production processes and the daily work routine The annual Works Council Conference of Innovationsforum Energiewende (If.E) is held at TRIMET Essen. At the If.E conference, held by the industrial trade union IG BCE, company representatives and works councils search together for sensible contributions to the energy transition. TRIMET CEO Dr. Martin Iffert, North Rhine-Westphalian State Minister for Economic Affairs and Energy Garrelt Duin, and IG BCE Chairman Michael Vassiliadis take part in the discussion Dr.-Ing. Marcel Rosenfort becomes the new head of TRIMET s Research & Development department. He assumes the position of Dr. Hubert Koch, who retires after many years of very successful work but retains a secondary position, providing assistance to the company At the TRIMET plant in Harzgerode, three apprentices successfully complete their training, including Unai Usin Bengoa. The Spaniard was persuaded to move to the Harz region as part of a TRIMET employee recruitment initiative in Spain, becoming its first graduate. Like his two fellow apprentices, he will continue his professional career at TRIMET.

18 18 BALANCE SHEET AS OF JUNE 30, 2017 ASSETS IN THOUSAND FIXED ASSETS Intangible assets 2,245 1,831 Tangible assets 190, ,677 Financial assets 78,612 27, , ,392 CURRENT ASSETS Inventories 140, ,568 Receivables and other assets 128, ,583 Cash on hand and bank balances 28,324 36, , ,573 DEFERRED EXPENSES 1,339 1, , ,999 LIABILITIES IN THOUSAND 30.06, EQUITY Subscribed capital 15,000 15,000 Capital reserves 47,915 47,915 Net earnings 219, , , ,620 ACCRUALS AND PROVISIONS Pension provisions and similar obligations 40,455 35,842 Tax provisions 11,778 17,454 Other provisions 35,658 36,056 87,891 89,352 LIABILITIES Liabilities to banks 77,890 82,700 Trade payables 71,114 75,323 Accounts payable to affiliated companies 4,992 4,067 Amounts due to invested companies 0 2,690 Other liabilities 40,572 21, , ,103 DEFERRED INCOME 277 5,273 DEFERRED TAX LIABILITIES 4,133 3, , ,999

19 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 19 PROFIT AND LOSS ACCOUNT FOR THE FINANCIAL YEAR FROM JULY 1, 2016 UNTIL JUNE 30, 2017 IN THOUSAND 2016/ /16 Sales 1.244, ,707 Increase/decrease in finished goods and work in progress 11,877 5,266 Other company-produced additions to plant and 7,794 6,186 equipment Other operating income 10,765 18,605 Cost of materials 989, ,291 Personnel expenses 106, ,330 Depreciation 31,377 36,075 Other operating expenses 101, ,534 Financial result 3,589 5,723 RESULT BEFORE TAX 50,038 45,279 Income taxes 16,136 14,063 RESULT AFTER TAX/NET INCOME FOR THE FINANCIAL YEAR 33,902 31,216 Retained earnings brought forward 185, ,489 NET EARNINGS 219, ,705

20 20 EMPLOYEES THE FOLLOWING CONTRIBUTED TO THE COMPANY S SUCCESS David Abaccuccio Abdelkader Abaddar Kathrin Abel Isa Abi Raci Abi Hassan Abo Shakra Hussam Abo Shakra Dorgam Abu-Hantash Cetin Acar Fatih Acar Muhammed Acar Özgür Acar Yasin Acar Jose Acebedo Candil Jens Achenbach Jörg Ackermann Roy Ackermann Gunnar Adamczyk Sebastian Adamek Eik Adebahr Birte Aden Kai Affelt Mustafa Agarmis Hasan-Hüseyin Agca Osman Agrali Said Aharchi Ralf Ahlemeier Steffen Ahlig Mohamed Ahmed Andreas Ahrens Ralf Ahrens Dominique Aili Cengiz Akbasli Özcan Akbasli Peter Akelbein Hakan Akin Evgeni Akkermann Hakan Akmese Halil Akmese Metin Alan Anatoli Albert Guido Alberts Christian Albrecht Renè Albrecht Steffen Albrecht Michael Albrieux Roberto Aleo Guillaume Alex Raphael Alfonsi Fabian Alfs Ibrahim Ali Madi Fatih Alkan Marco Alken Zakaria Allawa Mario Alpers Stilianos Amanatidis Mohamed Amine Frank Amtag Marco Andersch Pierre Andersch Joel Andre Georgios Andreadakis Nico Andreadakis Johann Andronow Mark Andrzejczak Holger Andrzejewski Fernando Angelo Viktor Anner David Anskat Patrick Anskat Paul Kwasi Antwi Mark Apel Sezgin Arabaci Nicolas Archenault Romain Argentier Philippe Arle Michele Armati Emmanuel Arnaud Alexander Arndt Michael Arndt Sven Arndt Kornelia Arnemann Aurelie Arneodo Angelina Arnold Rebecca Arntzen Christopher Arrouge Ramazan Asik Engin Aslan Cihat Aslar Jean Luc Assier Uwe Aßmann Christine Aubry Sebastien Aubry Christian Auge Pierre Augrit Richard Aurran Dirk Auth Florian Avrillier Guy Avrillier Djamel Ay Melik Ayadi Hüseyin Aycil Taner Aydin Karl-Heinz Babel Maxime Bacaria Yannick Bacaria Matthias Bachmajer Dirk Backoff Günter Bade Bünyamin Baduroglu Enes Baduroglu Mark Baginski Joachim Baier Bernd Baierl Thomas Bajohr Nazif Balci Nihat Balci Zbigniew Balda Nicolas Baldi Joel Bana Klaus Jürgen Bange Michael Banko Carla Banzhaf Richard Barbera Michel Barbier Mickael Barbier Anthony Barbon Eric Bard Stephane Bard Nicky Bärhold Matthias Barnebeck Christian Bärnt Philipp Baron Philipp Baron David Barreau Franck Barrena Roland Barsch Uwe Bartczak Sascha Bartels Tobias Bartels Nicole Bartelt Frank Barthel Thorsten Barthel Thomas Barthold Dominik Bartl Bodo Bartosik Hans-Joachim Bartosik Marcus Bartosik Abdulkadir Barut Alexandra Basa Bayram Basaran Serdal Basaran Paul Basile Christophe Bastaert Marcel Bathke Marco Batke Philippe Battard Fabien Battistella Fernand Battistella Patrice Battistella Eric Baudin Anton Bauer Detlef Bauer Dominik Bauer Roland Bauer Stanislaw Bauer Viktor Bauer Uwe Baumbach Mustafa Bayraktar Önder Bayram Michel Beccaud Alexander Beck Holger Beck Andreas Becker Kai Becker Marlit Becker Martin Becker Reinhard Becker Ronny Becker Steffen Becker Jürgen Beckfeld Michael Beckmann Michael Becks Patrick Begalke Robin Begemann Dennis Behn Denise Behne Tom-Niklas Behnstedt Andre Behr Michael Behrend Manfred Behrendt Markus Behrendt Mathias Behrendt Michael Behrendt Falk-Uwe Behrens Faouzi Bejaoui Orhan Bektas Farid Belemrabet Farid Belghazi Youssef Belhadi Bernhard Belker Pascal Bellemin Patrice Bellet Fernand Bellina Nicolas Bellissimo Anthony Bellot Laurent Bellot Christopher Belusa Omar Ben Said Hassen Ben Smida Noreddine Benaissa Bouasria Benbernou Toufir Benchina Gerald Benedetto Baptiste Benedittini Ali Benmaiza Merwan Benmansour Werner Benninghoff Jean-Marc Bensadi Thierry Bensadi Houcine Bensatti Arezig Bentata Carolin Bente Jana Bentzius Rainer Berg Andreas Berger Jens Berger Marcel Bergeron Antje Berghoff Stephan Bergkemper Marc Bergmann Philipp Bergmann Gzim Berisha Abdelsalem Berkoukech Detlef Berliner Julien Bernard Maxime Bernard Jean-Louis Bernardini Daniel Bernd Wolfgang Bernd Frank Berndt Mathias Berndt Uwe Berndt Xavier Berne Maximilian Bernicker Damien Beroud Christian Berrens Michel Berthelot Thomas Berthold Thierry Bertolo Klaus Bertram Lars Besser Marco Bessermann Michael Beste Yves Betemps Matthias Bethge Hans Betke Jan Betkierowicz Marco Bettger Cevin Bettinger Ute Betz Sebastian Beudel Steffen Beuers Jeremy Beytout Martine Beytout Pierre Beytout Jens Bezucha Samet Bicak Thorge Biederer Eric Bieganski Susann Bielert Lars Bierend Harald Bierwirth Heidrun Bierwirth Daniel Biewald André Biglewski Thierry Bignon Ümit Bilgin Mario Bilke Andy Binia Dennis Binia Verena Binia Adam Bireche Cedric Bireche Alexander Bitter Eric Bizoux Patrice Blaix Benjamin Blanck Geoffrey Blanquaert Michael Blasch Philipp Blaschczok Heiko Blasczyk Wolfgang Blass Reiner Blasse Andreas Blesser Ingo Blohm Maik Blohm Andy Bloßfeld Frank Blossfeld Ramona Blum Marko Blümel Thorsten-Otto Bobkowski Damian-Jan Bobrowski Mark Bobrowski Pascal Boch Georg Böckhorst Lars Böckmann Holger Boden Thorsten Boehlke Andy Boesler Tayfun Bogatekin Hans Böhm Stephan Böhme Frank Böhmer Franz Heinrich Böhmer Monika Böhmer Michael Bohne Volker Böhnstedt Stéphane Boilevin Marco Boin Florian Bois Georges Pierre Bois Gilles Bois Noel Bois Pascal Bois Andreas Bojarzyn Andreas Bolinsky Lukas Bolinsky Franziska Bolle Andrea Bollow Nils Bolze Eric Bontrond Marko Boras Christopher Borgemeister David Borjon Lukas Borkowitz Dr. Dirk Bormann Jens Bormann Ralf Bormann Carlo Born Reinhard Born Thomas Born Francois Bornand Andreas Borowski Tim Borowski Christian Bösch Karsten Bösch Ralf Bösch Norbert Bösel Thomas Bosse Gerald Bothen Stefan Böttger Kevin Böttner Nadim Boubkar Mickaël Bouche Gregory Boudinet Chahid Boukich Noureddine Boukich Rachid Boukich Mohamed Boulamjouj Aziza Boulemnakher Michel Bourdeau Malek Bousba Guillaume Boussarie Nicolas Boussarie Radouane Boutaoui Sofiane Boutaoui Bruno Bouttaz Claude Bouvier Melanie Boxberg Ismail Boyunduruk Hüseyin Böyütmen Ekrem Bozkurt Freddy Bozon Hans-Dieter Braack Horst Braack Ingo Braeuer Kai Lasse Brahmann Dr. Dietmar Bramhoff Larissa Bramhoff Torben Bramhoff Andreas Brandes Horst Brandt Matthias Brandt Matthias Brandt

21 TRIMET ALUMINIUM SE AT A GLANCE 2016/17 21 Michael Brandt Oliver Brandt Michael Braune Markus Brauner Tobias Brauner Toni Braz Daniel Bregand Frank Brehme Jutta Brehme Marcel Brehme Martin Brehme Philipp Brehme Michael Breidenbach Gerald Breitenhofer Hermann Breitung Raphael Bremicker Franz-Rudolf Brenk Michael Bretzke Dagmar Anna Breuer Dominique Breuer Julia Breuer Detlef Breuing Carsten Brey Raphael Brin Sophie Brin Werner Brinkmann Jaroslaw Brisch Claude Brochier Julian Brockhaus Kai Brockmann Beate Brodesser Tanja Brohm Sebastian Brokamp Mario Bröker David Broquin Volker Broßeit Lydie Brousse Felix Maximilian Brückner Guillaume Brun Philippe Brunatto Alexander Bruner Peter Brüninghoff Marco Brunkhorst Christian Bruno Franco Michael Bruns Jörg Bruska Tim Bruß Rebecca Bruttel Norbert Buchholz Norman Buchholz Florian Buchmann Heiko Buchmann Michael Buchmann Nils Buchmann Matthias Buchmüller Carsten Buck Eric Bückemeyer Patrick Bucki Mesut Budak Maik Budzinski Reiner Budzinski Melanie Buffard Frank Bühl Karin Buhr Carsten Buhse Christoph Bülow Ralf Bundschuss Florian Bunge Oswin Bunge Zeki Burak Ralf Buretschek Heiko Bürgelt Oliver Bürk Christian Burkert Franck Burlon Martin Busch Achim Busche Horst Buschenhenke Veronika Buschke Jerome Buttard Dirk Büttner Lutz Byrenheid Steve Cabras Andrea Cacko Franck Cadoux Alexandre Caffo Fatih Cakmak Gérard Campergue Dominique Cance Gregory Canzano Yoan Canzano Armand Capello Mario Carballeda Anaelle Carlos Ursula Carlson Anne Marie Carrasquer Jean-Christophe Castrignano Irfan Cavusoglu Kemal Cavusoglu Yusuf Cavusoglu Andre Cazalbou Silke Ceballos Manuel Ceballos Tejero Andrzej Cecot Kagan Cekic Bünyamin Oguz Celen Tamer Celen Halit Celik Stephanie Cendre Yasar Ceran Cyril Chabert Cedric Chaix Florian Chaix Romain Chamberod Philippe Chambier Benjamin Chamorand Kevin Chamorand Lilian Champey Anthony Chappellaz Stephane Chappellaz Sebastien Charkoff Frederic Charvoz Guy Chateau Xavier Chateau David Chatel Pascal Chaumaz Toufik Chenah Alain Chianale Thomas Chomiak Lukas Choragwicki Flavien Christin Loic Christin Kevin Cibis Servet Cicek Fabrice Cifani Necmettin Cimen Teyhan Cinar Simon Claraz Bonnel Axel Clasen Patrice Claustres Gabriel Clavel Jean-Marie Clement Hans-Jürgen Cloeren Jeremy Cognet Patrick Cohendet Raphael Cohendet Joel Collombier Olivier Colse Jean-Claude Combaz Marc Combe Romain Combet Musa Cömez Paul Compassi Daniel Conrads Joel Deleglise Charlie Constant Engin Deliaci Kevin Constant Mustafa Deliaci Gaetan Constantin Francois Dell Olio Gregory Constantin Jacques Dellacha Herve Constantin Iksan Demir Patrick Cordonatto Yüksel Demir Carlos Correia Cengiz Demirbas Laurent Couronne Devrim Demirbas Christophe Courtaud Ahmet Demirci Laurent Courtes Mert Demirci Philippe Cousin Deniz Demiroglu Thierry Coutaz Imam Demirok Marco Creutzberg Ali Demirtas Philippe Croce Dmitry Denisov Torsten Cruse Liesa Dennhardt Fabrice Cugno Ferhat Derebas Erkan Culha Seref Dereli Aurelien Curcio Thomas Deren Markus Cyron Mehmet Derin Bartosz Czora Alexander Deringer Franz Czora Stephane Deroo Daniel Da Costa Hermann Desoye Jean Da Costa Roland Desoye Jose Da Costa Ferreira Mike Dettmann Emmanuel Da Silva Hermann Dettmering Pedro Da Silva Benoit Deville Duc Heinz Dahlhuis Helge Dewing Hans-Uwe Dahlke Matthieu Dhenaut Melanie Dahlke Laurent Di Donfrancesco Olaf Dahlmann Philippe Di Giacomo Marlene Dalge José Dias Patrick Dalla-Costa Manuel Dias Francois Damiani Mathias Dickmann Markus Dammaschk Nicolas Didier Denis Dams Romain Didier Volker Dams Christian Diepenbruck Andre Damuszis Andreas Dierberger Vu Chi Thien Dang Christoph Dierkes Daniel Ahrens Michel Diernaz Dennis Dannat Frank Dietrich Dirk Dannowski Kai Dietrich Mouad Daoudi Alexander Dietzel Satilmis Darakci Engin Dikici Gregor Darga Melih Dilaver Cedric Darmezin Jan-Ole Dilger Jamal Darwiche Peter Dirks Muhamad Darwiche Christian Dirszus Aikaterini Daskalaki-Prösch Daniel Dirszus Norman Dathe Holger Dirszus David Ecke Jens Dittmar Etienne Dax Uwe Frank Dittmar Carlos De Almeida Moreira Jonas Dittrich Baudel Pedro Do Nascimento Guillaume De Boissier Steve Dobras Denis De Bona Mike Doerne Sebastien De Bona Ertekin Dogan Philippe De Carvalho Nazmi Dogan Alexandre De Faria Coito Ismail Dogru Iolando De Fazio Mike Dohle Diego De Las Heras Santos Dominique Dolce Eric De Ruffray Andreas Domagala Manuel De Sousa Rene Domel Loic Dechalou Richard Dompnier Alexander Dechand Martine Donazzolo Matthias Dechent Ralf Dondrup Heiko Deckwart Rolf Dörken Abdelmalek Deffaf Matthias Dorloff Kemal Degirmenci Jörg Dorn Haouas Dehil Cesario Dos Santos Patrick Deiana Michael Dötze Andreas Deister Farouk Douak Andreas Dej Fahim Doudou Maurice Delean Rabah Doudou David Deleglise Mohamed Douiri Gilles Deleglise Olivier Dour Jerome Deleglise Daniel Dovetta Sophie Doyennel Steven Draeger Hans-Peter Dräger Jörg Drechsler Hendrik Dreesen Oliver Dreesen Philip Dreier Andreas Dreistein Katrien Dreistein Hans-Jürgen Drescher Thomas Dresselmann Andreas Drewes Jörg Dreyer Michael Dreyer Albert Drosd Werner Drost Artur Drozd Andreas Dubb Anton Dubrovin Gerd-Uwe Dubzyk Werner Dubzyk Martine Duc Stephane Duc Yoann Duc Cecile Dufreney Henri Dufreney Jean Michel Dufreney Dirk Dullin Marius Dung Steffen Dunte Sebastien Dupraz Gilles Durand Jean-Paul Durand Yves Durando Romain Durieux Sylvain Durieux Özcan Durmaz Hüseyin Durmus Ferdi Dursun Kai-Uwe Duscha Dr. Roman Düssel Cedric Dussuel Nicolas Duval Maximilian Georg Düwel Christoph Ebeling Klaus-Dieter Ebeling Patrick Eberhard Frank Eberhardt Edmond Eberlin Alexander Ebermann Sebastian Ebert Heiko Eckardt Siegmund Eckardt Klaus Ecke Pascal Ecke Vicky Eckert Peter Eckhoff Peter Christian Eckhoff Dieter Ecks Karen Ecolivet Ludovic Eduardo-Pedone Björn Effenberger Andreas Ehrentraut Lars Ehrig Dirk Ehrke Jana Heike Ehrke Sebastian Ehrlich Lars Eichler Mario Eichler Oliver Eichler Philipp Eichler Alexander Eichmann Pascal Eichmeyer Sebastian Eichner-Helk Hartmut Einecke Robert Einecke Andrè Einfeld