Alcoa Inc. Conference Call Summary Company Overview - Alcoa Inc. has been a standalone company for approximately 5.5 years since its separation from old Alcoa, Inc. in 2016 [4] - The company focuses on driving efficiency across operations and maintaining a simple structure to enhance shareholder returns [4] Business Operations - Alcoa's operations span from bauxite mining to alumina refining and aluminum smelting, with a focus on primary aluminum production [5] - The company aims to strengthen its portfolio, currently ranking in the first quartile for bauxite and alumina and the second quartile for aluminum [5] Technological Advancements - Alcoa is investing in inert anode technology to reduce operating costs and carbon dioxide emissions, contributing to decarbonization efforts [7] - The ELYSIS joint venture with Rio Tinto is developing the only zero-carbon aluminum production technology at an industrial scale [8] - Research includes refining processes aimed at cost efficiency and decarbonization, such as electrical calcination and mechanical vapor recompression [9] Market Dynamics - The aluminum market is experiencing strong demand driven by supply constraints, including the impact of the Russia-Ukraine war and China's decarbonization policies [10][20] - Alcoa has adjusted its demand growth expectations for 2022 from 2-3% to 2% year-over-year due to supply chain issues, particularly in the automotive sector [16][19] - The company anticipates continued strong demand for aluminum across various industries, including automotive, aerospace, and consumer electronics [10][24] Financial Health - Alcoa's balance sheet has significantly improved, with a reduction in proportional net debt from $3.8 billion to approximately $1.3 billion [12][13] - The company is focused on maintaining a strong balance sheet, sustaining operations, and returning cash to shareholders through dividends and buybacks [14][15] Future Outlook - Alcoa sees potential for significant capital investment in the middle part of the decade, driven by technological breakthroughs [15] - The company is positioned to benefit from a decarbonized economy, with a strong emphasis on low-carbon production methods [44] Regulatory Environment - The introduction of carbon border adjustment mechanisms in Europe is viewed positively by Alcoa, as it aligns with the company's low-carbon production strategy [43][44] Market Opportunities - Alcoa identifies opportunities for growth in aluminum packaging and electric vehicles, which require lightweight materials [28][24] - The company does not foresee significant substitution of aluminum by other metals, as it remains a preferred material due to its properties and applications [26][27] Conclusion - Alcoa is well-positioned in the aluminum market with a strong focus on sustainability, technological innovation, and financial health, despite facing challenges from supply chain disruptions and geopolitical factors [11][20]

Alcoa Corporation (NYSE:AA) Q1 2022 Earnings Conference Call April 20, 2022 5:00 PM ET Company Participants James Dwyer - Vice President, Investor Relations Roy Harvey - President & Chief Executive Officer William Oplinger - Executive Vice President & Chief Financial Officer Conference Call Participants Alex Hacking - Citi David Gagliano - BMO Capital Markets Michael Dudas - Vertical Research Chris LaFemina - Jefferies Lawson Winder - Bank of America Securities Lucas Pipes - B. Riley Securities Carlos De Al ...

Alcoa Corporation (NYSE:AA) Q4 2021 Earnings Conference Call January 19, 2022 5:00 PM ET Company Participants James Dwyer - Vice President, Investor Relations Roy Harvey - President and Chief Executive Officer William Oplinger - Executive Vice President and Chief Financial Officer Conference Call Participants Satish Kasinathan - Deutsche Bank Timna Tanners - Wolf Research Carlos Alba - Morgan Stanley Emily Chieng - Goldman Sachs Michael Glick - JP Morgan John Tumazos - John Tumazos Very Independent Rese ...

Alcoa Corporation (NYSE:AA) Q3 2021 Results Conference Call October 14, 2021 5:00 PM ET Company Participants Roy Harvey - President and Chief Executive Officer James Dwyer - Vice President of Investor Relations William Oplinger - Executive Vice President and Chief Financial Officer Conference Call Participants Carlos De Alba - Morgan Stanley Emily Chieng - Goldman Sachs Alex Hacking - Citi Lucas Pipes - B. Riley Securities Curt Woodworth - Credit Suisse John Tumazos - John Tumazos Very Independent Research ...

Alcoa Corporation (NYSE:AA) Jefferies Base Metals & Battery Materials Summit September 21, 2021 1:20 PM ET Company Participants William Oplinger - EVP and CFO Conference Call Participants Christopher LaFemina - Jefferies Christopher LaFemina Everybody, thank you for dialing into this session. It's my pleasure today to host Bill Oplinger, who's the Executive Vice President and CFO of Alcoa. Obviously lot's going on in Alcoa. The format for this is going to be fireside chat. I think Bill's going to kick it of ...