Nutrien Ltd. (NYSE:NTR) BMO 33rd Global Metals, Mining and Critical Minerals Conference February 27, 2024 8:00 AM ET Company Participants Ken Seitz - CEO Conference Call Participants Joel Jackson - BMO Capital Markets Joel Jackson Good morning. Welcome to day two of the conference. So our first session this morning is going to be with Nutrien, who is of course the largest global fertilizer producer. Also is a very large retail farm center network. Very happy to welcome Ken Seitz, the CEO of Nutrien. Back a ...

The Goldman Sachs Group, Inc. (NYSE:GS) 2024 UBS Financial Services Conference February 27, 2024 8:00 AM ET Company Participants David Solomon - Chairman & CEO Conference Call Participants Brennan Hawken - UBS David Solomon Good morning. Brennan Hawken Thanks for coming, David. Really appreciate it. David Solomon Isn't this better than being in New York at the end of February? Brennan Hawken Without a doubt. Absolutely. And I know it's something that you've made a regular appearance with. So, we're really h ...

Key Points Industry and Company * **Industry**: Aluminum and alumina production * **Company**: Alcoa Corporation (NYSE:AA) * **Conference**: BMO 33rd Global Metals, Mining & Critical Minerals Conference Transaction Details * **Transaction**: Acquisition of Alumina Limited by Alcoa * **Ownership**: Alumina Limited shareholders will own 31.25% of the combined company, Alcoa shareholders will own 68.75% * **Value**: Enterprise value of approximately $2.5 billion * **Debt**: Alcoa will assume $300 million of Alumina Limited debt * **Listing**: Alcoa will list its CDIs in Australia for exchange between shares Transaction Justification * **Opportunity**: Small window of opportunity to complete the transaction due to favorable share prices * **Benefits**: * **Alumina Limited shareholders**: Premium on closing price, exposure to the entire aluminum value chain, access to new technologies * **Alcoa shareholders**: Greater exposure to upstream business, synergies, simplified equity story * **Stakeholders**: Doubling down in key locations, benefits for communities Growth Opportunities * **Near-term (3-5 years)**: Incremental growth opportunities, smelter restarts, creep projects, and small growth projects * **Long-term (10+ years)**: Breakthrough technologies (ELYsis, ASTRAEA, Refinery of the Future) Development Projects * **ELYsis**: Carbon-free aluminum manufacturing partnership with Rio Tinto and the government of Quebec * **Next milestone**: Starting commercial size sales in 2024 * **Commercialization**: Expected in 2026 * **New smelters**: Alcoa will not build new smelters without ELYsis EBITDA Improvement * **Target**: $645 million by the end of 2025 * **Actions**: * **Raw material costs**: $310 million improvement * **Advancing competitiveness**: $100 million cost reduction * **Warrick restart**: Additional 45x savings * **Alumar restart**: Incremental EBITDA * **Kwinana curtailment**: Economic benefits * **San Ciprian**: Improvements and support from stakeholders required Other Key Points * **Secondary market**: Alcoa is evaluating entry into the secondary market, focusing on ASTRAEA technology * **Energy transition**: Aluminum is critical to the energy transition, with increasing demand in electric vehicles and electric cabling * **Gallium**: Alcoa has significant gallium reserves but has not yet developed an economic extraction method * **Permitting in Western Australia**: Alcoa has received permits for continuing operations and is progressing on Part 4 permits for new mining areas

Albemarle Corporation (NYSE:ALB) BMO Capital Markets 2024 Investor Conference February 26, 2024 1:30 PM ET Company Participants Kent Masters - Chairman, President and Chief Executive Officer Conference Call Participants Joel Jackson - BMO Capital Markets Joel Jackson We're kicking off this afternoon's session is arguably the world's most influential -- lithium producer. The last one's been very busy for Albemarle obviously, navigating this dynamic in the lower lithium price environment and trying to balance ...

Freeport-McMoRan Inc. (NYSE:FCX) BMO Capital Markets 33rd Global Metals, Mining & Critical Minerals Conference February 26, 2024 10:30 AM ET Company Participants Richard Adkerson - Chairman and CEO Kathleen Quirk - President and incoming CEO Conference Call Participants Katja Jancic - BMO Katja Jancic Good morning. Our next session is with Freeport. We're going to do this as a fireside chat. So if you do have questions, please send them in through the app. Joining me today are Richard Adkerson, Chairman and ...

American Express Company (NYSE:AXP) UBS Financial Services Conference February 26, 2024 11:20 AM ET Company Participants Christophe Le Caillec - Chief Financial Officer Conference Call Participants Erika Najarian - UBS Erika Najarian All right. Good morning everybody. Welcome back to the main stage. So, extraordinarily pleased to have with us Christophe Le Caillec. He has been with American Express since 1997. And as most of you know he became CFO in August of 2023. So welcome. Christophe Le Caillec Thank y ...

Cameco Corporation (NYSE:CCJ) BMO Global Metals & Mining Conference Transcript February 26, 2024 2:30 PM ET Executives Tim Gitzel - Chief Executive Officer Analysts Alexander Pearce - BMO Alexander Pearce Ladies and gentlemen, I have the pleasure of introducing Tim Gitzel, CEO of Cameco. Welcome, Tim. Tim Gitzel That was short and sweet. So, thank you, Alex. Good afternoon, everybody. Nice to see you and thanks for coming out this afternoon. We’re always delighted to be in Florida at this time of the year. ...

Company and Industry Overview * **Company**: SoFi Technologies, Inc. (NASDAQ: SOFI) * **Industry**: Fintech, Payments, Lending, and Financial Services Key Points Financial Guidance * **2024 Growth**: * Tech platform and financial services to grow 50% YoY, reaching 50% of total revenue. * Lending to grow slightly slower, with a conservative approach due to macro uncertainty. * 3-year CAGR expected to be 20-25% across the entire business. * **2023-2026 Outlook**: * Financial services to grow 50% CAGR, driven by deposit growth and net interest income. * Tech platform to grow 25% CAGR, driven by existing and new customers. * Lending to grow 20-25% CAGR, with a conservative approach in 2024 and acceleration in 2025-2026. Lending Segment * **2024 Lending**: * Revenue to be 92-95% of 2023 revenue. * Personal loans originations flat to down. * Student loan refinancing to grow modestly. * Home loans to grow correlated with rates. * **2025-2026 Lending**: * Expected to see acceleration in growth once macro visibility improves and rates stabilize. Financial Services * **2024 Financial Services**: * Expected to grow 75% YoY. * Deposit growth to continue, with 65% of loans funded by deposits. * Net interest income (NIM) margins to remain healthy, north of 5%. * **Tech Platform**: * Expected to grow 20% YoY in 2024. * Shifted focus to larger financial institutions and brands with large installed bases. * Expansion in 17 different countries across North America, Canada, and South/Central America. Other Key Points * **Brand Awareness**: * Unaided brand awareness has grown from 1-2% to upper single digits over the past few years. * Investments in brand and marketing have driven efficiency and cross-buy. * **Credit Quality**: * Expect losses to return to pre-pandemic levels of 7-8% life of loan losses in early/mid 2024. * Proactive credit cuts have been made to maintain healthy loss rates. * **Capital Ratios**: * Risk-based capital ratio to remain north of 14% in 2024 and 2025. * Well above regulatory minimum and operational requirements. * **Bank Charter**: * Bank charter has provided a sticky source of low-cost funding for loans. * Deposits have a cost of funding 200 basis points less than alternative sources. * Bank charter has opened doors for additional products and services.

Wells Fargo & Company (NYSE:WFC) UBS Financial Services Conference 2024 February 26, 2024 8:00 AM ET Company Participants Mike Santomassimo - Chief Financial Officer Conference Call Participants Erika Najarian - UBS Erika Najarian Well, good morning, everybody. How are you guys? Really excited to be kicking off the 25th anniversary of this long-running conference with the CFO of Wells Fargo, Mike Santomassimo, who arrive at the bank and has overseen a lot of the transformative changes that has fueled signif ...

Colgate-Palmolive Company (NYSE:CL) Presents at Consumer Analyst Group of New York Conference February 23, 2024 8:00 AM ET Company Participants Noel Wallace - Chairman, President and CEO Diana Schildhouse - Chief Analytics & Insights Officer Conference Call Participants Bryan Spillane - Bank of America Dara Mohsenian - Morgan Stanley Chris Carey - Wells Fargo Andrea Teixeira - JPMorgan Peter Grom - UBS Unidentified Company Representative So, with that, joining us today from Colgate, our Chairman and CEO, No ...