Alcoa Corporation Executive Vice President and Chief Financial
Officer Molly S. Beerman will participate in a live webcast session
at the Citi 2024 Basic Materials Conference in New York City, New
York on Wednesday, December 4, 2024.
At 10:15 a.m. EST, Beerman will participate in a
question-and-answer session regarding Alcoa’s business and outlook
in the current market, including factors that could affect the
present quarter’s financial results.
A slide presentation, to be used in connection with the
conference and investor meetings will be available on the
“Investors” section of Alcoa’s website, www.alcoa.com, beginning at
approximately 7:00 a.m. EST on Wednesday, December 4, 2024.
A live audio webcast of the session will be available on the
“Investors” section of Alcoa’s website, www.alcoa.com. A transcript
and audio replay will also be available after the session on the
“Investors” section of www.alcoa.com.
About Alcoa Corporation
Alcoa (NYSE: AA, ASX: AAI) is a global industry leader in
bauxite, alumina, and aluminum products with a vision to reinvent
the aluminum industry for a sustainable future. With a values-based
approach that encompasses integrity, operating excellence, care for
people and courageous leadership, our purpose is to Turn Raw
Potential into Real Progress. Since developing the process that
made aluminum an affordable and vital part of modern life, our
talented Alcoans have developed breakthrough innovations and best
practices that have led to greater efficiency, safety,
sustainability, and stronger communities wherever we operate.
Dissemination of Company Information
Alcoa intends to make future announcements regarding company
developments and financial performance through its website,
www.alcoa.com, as well as through press releases, filings with the
Securities and Exchange Commission, conference calls, media
broadcasts, and webcasts.
Cautionary Statement on Forward-Looking Statements
This session will contain 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 include those
containing such words as “aims,” “ambition,” “anticipates,”
“believes,” “could,” “develop,” “endeavors,” “estimates,”
“expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,”
“potential,” “plans,” “projects,” “reach,” “seeks,” “sees,”
“should,” “strive,” “targets,” “will,” “working,” “would,” or other
words of similar meaning. All statements by Alcoa Corporation that
reflect expectations, assumptions or projections about the future,
other than statements of historical fact, are forward-looking
statements, including, without limitation, statements regarding
forecasts concerning global demand growth for bauxite, alumina, and
aluminum, and supply/demand balances; statements, projections or
forecasts of future or targeted financial results, or operating
performance (including our ability to execute on strategies related
to environmental, social and governance matters, such as our Green
Finance Framework); statements about strategies, outlook, and
business and financial prospects; and statements about capital
allocation and return of capital. These statements reflect beliefs
and assumptions that are based on Alcoa Corporation’s perception of
historical trends, current conditions, and expected future
developments, as well as other factors that management believes are
appropriate in the circumstances. Forward-looking statements are
not guarantees of future performance and are subject to known and
unknown risks, uncertainties, and changes in circumstances that are
difficult to predict. Although Alcoa Corporation believes that the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, it can give no assurance that these
expectations will be attained and it is possible that actual
results may differ materially from those indicated by these
forward-looking statements due to a variety of risks and
uncertainties. Such risks and uncertainties include, but are not
limited to: (1) the impact of global economic conditions on the
aluminum industry and aluminum end-use markets; (2) volatility and
declines in aluminum and alumina demand and pricing, including
global, regional, and product-specific prices, or significant
changes in production costs which are linked to London Metal
Exchange (LME) or other commodities; (3) the disruption of
market-driven balancing of global aluminum supply and demand by
non-market forces; (4) competitive and complex conditions in global
markets; (5) our ability to obtain, maintain, or renew permits or
approvals necessary for our mining operations; (6) rising energy
costs and interruptions or uncertainty in energy supplies; (7)
unfavorable changes in the cost, quality, or availability of raw
materials or other key inputs, or by disruptions in the supply
chain; (8) our ability to execute on our strategy to be a lower
cost, competitive, and integrated aluminum production business and
to realize the anticipated benefits from announced plans, programs,
initiatives relating to our portfolio, capital investments, and
developing technologies; (9) our ability to integrate and achieve
intended results from joint ventures, other strategic alliances,
and strategic business transactions, including the recent
acquisition of Alumina Limited; (10) economic, political, and
social conditions, including the impact of trade policies and
adverse industry publicity; (11) fluctuations in foreign currency
exchange rates and interest rates, inflation and other economic
factors in the countries in which we operate; (12) changes in tax
laws or exposure to additional tax liabilities; (13) global
competition within and beyond the aluminum industry; (14) our
ability to obtain or maintain adequate insurance coverage; (15)
disruptions in the global economy caused by ongoing regional
conflicts; (16) legal proceedings, investigations, or changes in
foreign and/or U.S. federal, state, or local laws, regulations, or
policies; (17) climate change, climate change legislation or
regulations, and efforts to reduce emissions and build operational
resilience to extreme weather conditions; (18) our ability to
achieve our strategies or expectations relating to environmental,
social, and governance considerations; (19) claims, costs, and
liabilities related to health, safety and environmental laws,
regulations, and other requirements in the jurisdictions in which
we operate; (20) liabilities resulting from impoundment structures,
which could impact the environment or cause exposure to hazardous
substances or other damage; (21) our ability to fund capital
expenditures; (22) deterioration in our credit profile or increases
in interest rates; (23) restrictions on our current and future
operations due to our indebtedness; (24) our ability to continue to
return capital to our stockholders through the payment of cash
dividends and/or the repurchase of our common stock; (25) cyber
attacks, security breaches, system failures, software or
application vulnerabilities, or other cyber incidents; (26) labor
market conditions, union disputes and other employee relations
issues; (27) a decline in the liability discount rate or
lower-than-expected investment returns on pension assets; and (28)
the other risk factors discussed in Alcoa’s Annual Report on Form
10-K for the fiscal year ended December 31, 2023 and other reports
filed by Alcoa with the SEC. Alcoa cautions readers not to place
undue reliance upon any such forward-looking statements, which
speak only as of the date they are made. Alcoa disclaims any
obligation to update publicly any forward-looking statements,
whether in response to new information, future events or otherwise,
except as required by applicable law. Market projections are
subject to the risks described above and other risks in the market.
Neither Alcoa nor any other person assumes responsibility for the
accuracy and completeness of any of these forward-looking
statements and none of the information contained herein should be
regarded as a representation that the forward-looking statements
contained herein will be achieved.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241115373693/en/
Investor Contact: Yolande Doctor 412-992-5450
Yolande.B.Doctor@alcoa.com
Media Contact: Courtney Boone 412-527-9792
Courtney.Boone@alcoa.com
Alcoa (NYSE:AA)
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