▪ Inflationary costs moderating but some costs remain stubbornly higher NEAL E. WEST EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER $ millions Shipments in millions lbs. ▪ Price/mix contributed to annual increase in LTM conversion revenue, despite destocking in packaging and general engineering markets ▪ Strength in aerospace volume, pricing & mix was the strongest contributor in the year over year comparisons ▪ Pricing remained strong across most end market applications as inflationary costs persisted ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-09447 KAISER ALUMINUM CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-3030279 (State of in ...

Kaiser Aluminum Corp (NASDAQ:KALU) Q1 2023 Earnings Conference Call April 26, 2023 10:00 AM ET Company Participants Kimberly Orlando - SVP, ADDO Investor Relations Keith Harvey - CEO and President Neal West - EVP and CFO Conference Call Participants Emily Chieng - Goldman Sachs Group Operator Greetings, and welcome to the Kaiser Aluminum Corporation First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the forma ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K For the transition period from to Commission File Number: 1-09447 KAISER ALUMINUM CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-3030279 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1550 West McEwen Drive, Suite 500 Franklin, Tennessee 37067 (Address of principal executive offices) (Zip Code) (629) 252-7040 (Registrant's telephone number, in ...

Financial Data and Key Metrics Changes - For the full year 2022, reported operating income was $4 million, with adjusted operating income at $35 million, down 62% year-over-year [24] - Reported net loss for Q4 2022 was $26 million or $1.66 loss per diluted share, compared to net income of $2 million or $0.11 income per diluted share in the prior year period [26] - Adjusted EBITDA for the full year 2022 was $142 million, a decrease of $43 million compared to 2021, reflecting significant supply chain issues and higher inflationary costs [56][57] Business Line Data and Key Metrics Changes - Aerospace high-strength conversion revenue for the full year 2022 totaled $356 million, up 13% over the prior year, driven by a 15% increase in shipments [21] - Packaging conversion revenue was $555 million for the full year 2022, up 42% after adjusting for alloyed metal, with a 21% increase in shipments [22] - General engineering conversion revenue for the full year was $367 million, up 23%, led by higher pricing despite a modest 2% year-over-year increase in shipments [23] Market Data and Key Metrics Changes - The demand environment was mixed, with destocking in general engineering rod and bar and packaging, while aerospace demand improved significantly [12] - Automotive demand remained steady, recovering from semiconductor and supply chain challenges [12] - The packaging operations faced significant challenges due to a magnesium-related force majeure event, impacting shipments and revenue [22][27] Company Strategy and Development Direction - The company is prioritizing investments for growth through a roll coat capacity expansion project, expected to convert approximately 25% of current output to higher-margin coated products [15] - A refined strategy was implemented to capitalize on long-term growth opportunities following the acquisition of Warrick [13] - The company aims to increase the use of recycled materials at Warrick to enhance sustainability in packaging products [45] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic uncertainty, inflationary pressures, and supply chain inconsistencies as challenges for the business [18] - The company expects continued strong momentum in aerospace and high-strength shipments in Q1 2023, with conversion revenue improving by 5% to 10% [31] - Management remains cautiously optimistic about improving EBITDA margins throughout 2023, despite uncertainties in the economic environment [35] Other Important Information - Total cash as of December 31, 2022, was approximately $57 million, with over $558 million of borrowing availability, providing total liquidity of approximately $615 million [29] - The company declared a quarterly dividend of $0.77 per common share, reflecting confidence in its long-term strategy [60] - The total CapEx planned for 2023 is approximately $170 million to $190 million, with 60% dedicated to growth initiatives [85] Q&A Session Summary Question: What factors are keeping the company from achieving the EBITDA margin goal? - Management identified that 60% to 70% of the $73 million incremental costs from 2022 are not expected to recur in 2023, indicating a focus on cost reduction [68] Question: What is the status of the Warrick roll coat line? - The Warrick roll coat line is on track for early 2024, with significant potential to improve margins on coated products [96][97] Question: Can you provide updates on contract discussions and pricing improvements? - Management reported improved pricing and pass-through conditions on contracts, with a focus on managing costs more effectively moving forward [99][100]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-09447 KAISER ALUMINUM CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-3030279 (State o ...

Financial Data and Key Metrics Changes - EBITDA for Q3 2022 declined to $31 million, primarily due to supply chain challenges and a planned outage, with incremental costs totaling approximately $24 million for the quarter [4][12] - Adjusted EBITDA margin for Q3 2022 was 8.8%, down from 16.5% in the prior year period, reflecting inefficiencies and higher costs [12] - Reported net income for Q3 2022 was $3 million, compared to a net loss of $2 million in the prior year quarter [13] Business Line Data and Key Metrics Changes - Value-added revenue for Q3 2022 was $356 million, an increase of $50 million or 16% year-over-year, driven by improved pricing [9] - Aerospace high strength business value-added revenue increased by $4 million or 5% year-over-year despite a 10% decrease in shipments [9] - Packaging value-added revenue improved by $21 million or 17% year-over-year, reflecting commodity surcharges and higher pricing [9] Market Data and Key Metrics Changes - General engineering products saw a year-over-year revenue increase of $19 million or 26%, driven by higher pricing despite an 8% decrease in shipments [9] - Automotive applications' value-added revenue remained relatively flat, reflecting ongoing supply chain disruptions [11] Company Strategy and Development Direction - The company aims to increase the use of recycled materials and diversify its metal supply to mitigate operational disruptions [7] - A roll coat capacity expansion project at the Warrick facility is underway, with production expected to be fully operational by mid to late 2024 [8] - The long-term strategy includes achieving approximately $2 billion in value-added revenue and an EBITDA margin in the mid to high 20% range [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of aerospace and high strength shipments, anticipating strong demand in the fourth quarter and beyond [15][16] - The resolution of magnesium supply chain issues is expected to lead to improved shipments in the fourth quarter [17] - Management acknowledged ongoing inflationary pressures but emphasized efforts to offset these through cost reduction and efficiency improvements [8][12] Other Important Information - The company has secured all magnesium requirements through 2023 and is finalizing agreements for 2024 and beyond [6] - Cash liquidity as of September 30 was approximately $684 million, with no borrowings under the revolving credit facility during the quarter [14] Q&A Session Summary Question: Impact of supply chain issues on aerospace plate demand - Management noted that while there were significant disruptions, they are encouraged by the demand for aerospace plate and expect recovery to continue into 2023 [21][22] Question: Semiconductor capital equipment demand and exposure outside North America - Management indicated strong demand for semiconductor capital equipment and highlighted a diverse supply base, minimizing exposure to geopolitical risks [23][24] Question: Margin outlook and drivers for improvement - Management discussed the need for stable operations and recovery in aerospace demand as key drivers for margin improvement, with expectations for a return to traditional margins [26][28] Question: Value-added revenue per pound levels across end markets - Management confirmed that pricing improvements and commodity surcharges contributed to the increase in value-added revenue per pound, with expectations for continued pricing power [29][30]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 1-09447 KAISER ALUMINUM CORPORATION (Exact name of registrant as specified in its charter) Delaware 94-3030279 (State of inc ...

SECOND QUARTER 2022 EARNINGS CONFERENCE CALL July 26, 2022 FORWARD LOOKING STATEMENTS The information contained in this presentation includes statements based on management's current expectations, estimates and projections that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include statements regarding the company's anticipated financial and operating performance, relate to future events and expectations and involve known a ...

Kaiser Aluminum Corporation (NASDAQ:KALU) Q2 2022 Earnings Conference Call July 26, 2022 1:00 PM ET Company Participants Melinda Ellsworth - VP, IR & Corporate Communications Keith Harvey - President & CEO Neal West - EVP & CFO Jennifer Huey - VP & CAO Conference Call Participants Emily Chieng - Goldman Sachs Josh Sullivan - The Benchmark Company Michael Glick - JP Morgan Operator Welcome to the Kaiser Aluminum Second Quarter 2022 Earnings Conference Call. My name is Darryl and I will be your operator for t ...