Alcoa Corporation (NYSE: AA) announced today that William F.
Oplinger, Executive Vice President and Chief Financial Officer,
will participate in a question-and-answer session at the Goldman
Sachs Global Metals & Mining Conference in New York beginning
at 9:45 a.m. Eastern Standard Time (EST) on Wednesday, November 16,
2022.
The question-and-answer session will follow introductory
comments by Mr. Oplinger regarding the Company's positioning and
outlook in the current market environment and factors potentially
impacting the present quarter’s results.
A live audio webcast of this session will be available on the
“Investors” section of Alcoa’s website, www.alcoa.com.
A slide presentation, to be used in connection with the
conference and investor meetings, will be available on the
“Investors” section of the Company’s website at www.alcoa.com
beginning at approximately 7:00 a.m. EST on Wednesday, November 16,
2022.
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) 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 and
webcasts.
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, 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 or
sustainability performance (including our ability to execute on
strategies related to environmental, social and governance
matters); 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: (a) current and
potential future impacts to the global economy and our industry,
business and financial condition caused by various worldwide or
macroeconomic events, such as the COVID-19 pandemic and the ongoing
conflict between Russia and Ukraine, and related regulatory
developments; (b) material adverse changes in aluminum industry
conditions, including global supply and demand conditions and
fluctuations in London Metal Exchange-based prices and premiums, as
applicable, for primary aluminum and other products, and
fluctuations in indexed-based and spot prices for alumina; (c)
changes in global economic and financial market conditions
generally, such as inflation, recessionary conditions, and interest
rate increases, which may also affect Alcoa Corporation’s ability
to obtain credit or financing upon acceptable terms or at all; (d)
unfavorable changes in the markets served by Alcoa Corporation; (e)
the impact of changes in foreign currency exchange and tax rates on
costs and results; (f) unfavorable changes in cost, quality, or
availability of key inputs, including energy and raw materials, or
uncertainty of or disruption to the supply chain, including
logistics; (g) the inability to execute on strategies related to or
achieve improvement in profitability and margins, cost savings,
cash generation, revenue growth, fiscal discipline, environmental-
and social-related goals and targets (including due to delays in
scientific and technological developments), or strengthening of
competitiveness and operations anticipated from portfolio actions,
operational and productivity improvements, technology advancements,
and other initiatives; (h) the inability to realize expected
benefits, in each case as planned and by targeted completion dates,
from acquisitions, divestitures, restructuring activities, facility
closures, curtailments, restarts, expansions, or joint ventures;
(i) political, economic, trade, legal, public health and safety,
and regulatory risks in the countries in which Alcoa Corporation
operates or sells products; (j) labor disputes and/or work
stoppages and strikes; (k) the outcome of contingencies, including
legal and tax proceedings, government or regulatory investigations,
and environmental remediation; (l) the impact of cyberattacks and
potential information technology or data security breaches; (m)
risks associated with long-term debt obligations; (n) the timing
and amount of future cash dividends and share repurchases; (o)
declines in the discount rates used to measure pension and other
postretirement benefit liabilities or lower-than-expected
investment returns on pension assets, or unfavorable changes in
laws or regulations that govern pension plan funding; and (p) the
other risk factors discussed in Part I Item 1A of Alcoa
Corporation’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2021, Quarterly Report on Form 10-Q for the quarter
ended March 31, 2022, Quarterly Report on Form 10-Q for the quarter
ended September 30, 2022, and other reports filed by Alcoa
Corporation with the U.S. Securities and Exchange Commission. Alcoa
Corporation 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221109005037/en/
Investor Contact: James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact: Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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