Alcoa Corporation · NYSE:AA
Alcoa — Investor Day (November 2021)
17 slides from Alcoa's investor day presentation, Nov 9, 2021
Slide 1: Turning Raw Potential into Real Progress
Turning Raw Potential into Real Progress Alcoa Corporation Investor Day NOVEMBER 9, 2021 v 1
Slide 2: Cautionary Statement regarding Forward-Looking Statements
Cautionary Statement regarding Forward-Looking Statements This presentation contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inclu
Slide 3: Important information
Important information Non-GAAP Financial Measures Some of the information included in this presentation is derived from Alcoa Corporation’s consolidated financial information but is not presented in Alcoa Corporation’s financial statements prepared in accordance with accounting principles generally
Slide 4: Introduction
Introduction Investor Day, November 2021 RO Y HA RV E Y P RE S I DE NT A ND CHI E F E XE CUT I V E OFFI CE R 4
Slide 5: Describing the journey and the path forward
Describing the journey and the path forward Investor Day agenda, November 9, 2021 Time in EST Topic Speaker 0900 - 0905 Welcome and introduction Roy Harvey, President and Chief Executive Officer 0905 - 0930 Presentation summaries Alcoa Team Who we are, what we have accomplished Roy Harvey, President
Slide 6: Presentation summaries
Presentation summaries 6
Slide 7: The new Alcoa is stronger, well positioned, and focused
The new Alcoa is stronger, well positioned, and focused Who we are, what we have accomplished Key progress to date ▪ Global upstream bauxite/alumina/aluminum producer with highly competitive cost position ▪ Operational and technological expertise throughout the upstream value chain ▪ Major accomplis
Slide 8: Expect strong aluminum demand, constrained supply
Expect strong aluminum demand, constrained supply Changing market dynamics Aluminum prices ($/mt) Key demand factors Key supply factors 4,000 768 800 ▪ Aluminum is part of the solution ▪ Carbon limits and energy 3,499 750 shortages impacting 700 ▪ Demand strong across existing production 3,500 650 a
Slide 9: We strive to operate our facilities in the best possible way
We strive to operate our facilities in the best possible way Operating imperatives Management systems driving performance Operating well across ESG metrics ▪ Focus on delivering today and planning ■ Relentless focus on safety for all who work at our sites improvement for tomorrow ■ Strengthening soc
Slide 10: Potential growth expected from three paths
Potential growth expected from three paths Growth opportunities Moderate volume creep and expansion of existing Growth Vectors capacity expected to continue in all three segments based on projected operating costs, capital requirements, and market conditions New Creep & New technologies under develo
Slide 11: Lower costs, increased efficiency, and lower carbon
Lower costs, increased efficiency, and lower carbon Breakthrough technologies Scope 1, 2 and 3 carbon intensity, 20201 25 20.3 Alcoa currently ranks as one of the lowest carbon intensity primary aluminum 20 16.8 17.2 producers due to its energy mix and production efficiency 15 Transport 10.9 10 Anci
Slide 12: Strong governance profile, balanced capital allocation
Strong governance profile, balanced capital allocation Capital allocation and governance Proportional adjusted net debt ▪ Best in class governance across Net debt OPEB Net pension Maintain strong balance sheet through the cycle variety of metrics -54% ▪ Capital allocation framework simplified, refle
Slide 13: Our Purpose and Vision drive our future
Our Purpose and Vision drive our future Our Purpose ▪ Our current position provides first step in transforming potential into progress Turn raw potential - Strong company operationally, financially and from ESG perspective into real progress - Markets are favorable and driven by ESG considerations –
Slide 14: Appendix
$e Alcoa Appendix
Slide 15: Net debt reconciliation
Net debt reconciliation FY16 FY17 FY18 FY19 FY20 3Q21 Alcoa Alcoa Alcoa Alcoa Alcoa Alcoa Cons. NCI Cons. NCI Cons. NCI Cons. NCI Cons. NCI Cons. NCI $M Prop. Prop. Prop. Prop. Prop. Prop. Short-term borrowings $1 $- $1 $8 $- $8 $- $- $- $- $- $- $77 $31 $46 $77 $31 $46 Long-term debt due 21 - 21 16
Slide 16: Question and answer session
Question and answer session To ask a question: Via phone: press *1 to enter the queue Via webcast: click “Ask a question” in the top right-hand corner of your screen 16
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