Alcoa : Wolfe Materials of the Future Conference PRESENTATION
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Published on 06/17/2025 at 12:22
OUR VALUES
Act with Integrity Operate with Excellence Care for People
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Lead with Courage
Non-GAAP Financial Measures
This presentation contains reference to certain financial measures that are not calculated and presented in accordance with generally accepted accounting principles in the United States (GAAP). Alcoa Corporation believes that the presentation of these non-GAAP financial measures is useful to investors because such measures provide both additional information about the operating performance of Alcoa Corporation and insight on the ability of Alcoa Corporation to meet its financial obligations by adjusting the most directly comparable GAAP financial measure for the impact of, among others, "special items" as defined by the Company, non-cash items in nature, and/or nonoperating expense or income items. The presentation of non-GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. Certain definitions, reconciliations to the most directly comparable GAAP financial measures and additional details regarding management's rationale for the use of the non-GAAP financial measures can be found in the appendix to this presentation. Alcoa Corporation does not provide reconciliations of the forward-looking non-GAAP financial measures Adjusted EBITDA and Adjusted Net Income, including transformation, intersegment eliminations and other corporate Adjusted EBITDA; operational tax expense; and other expense; each excluding special items, to the most directly comparable forward-looking GAAP financial measures because it is impractical to forecast certain special items, such as restructuring charges and mark-to-market contracts without unreasonable efforts due to the variability and complexity associated with predicting the occurrence and financial impact of such special items. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.
Resources
This presentation can be found under the "Events and Presentations" tab of the "Investors" section of the Company's website, https://www.alcoa.com.
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Global operations by product
Business segments
Approximately 13,900 global employees
Direct and indirect ownership of 26 operating locations across nine countries on six continents
Among world's largest bauxite miners and largest alumina producer excluding China
Aluminum
First quartile of bauxite and alumina cost curves2
41.3 Mdmt bauxite and 13.2 Mmt
alumina shipments, FY24
85% of bauxite shipments to Alcoa refineries and 68% of alumina shipments to third parties, FY24
Offering EcoSourceTM alumina, made with low carbon emitting processes
Second quartile of aluminum cost curve
2.6 Mmt shipments, FY24
100% of shipments to third parties
Offering SustanaTM brand EcoLumTM (low carbon) and EcoDuraTM (recycled content) products
Highly rated for corporate governance1
86% of the aluminum smelting portfolio powered by renewable
energy sources3 in 2024
1. ISS Governance QualityScore: 2. 2. Full impacts being assessed and could place Alumina in second quartile until new mine regions are accessed. 4
3. Defined as energy derived from natural processes that are replenished constantly, such as sunlight, wind and hydropower; source: 2024 Alcoa Form 10-K.
Safe operations correlate to stability, productivity and profitability
Safety performance improved in 1Q25
Strong 1Q25 financial and production results
Our actions position Alcoa to navigate
dynamic markets
Completed $1B debt offering in Australia, primarily used to repay existing debt
Maintained focus despite uncertainty
Formed San Ciprián joint venture
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Disclaimer
Alcoa Corporation published this content on June 17, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 17, 2025 at 16:21 UTC.