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May 28, 2015 7:08 PM ET

Metals and Mining

Company Overview of Novelis Inc.

Company Overview

Novelis Inc. produces and sells aluminum rolled products. It operates through four segments: North America, Europe, Asia, and South America. The company produces aluminum sheet and light gauge products primarily for use in the beverage and food can, and foil products, as well as in automotive, transportation, electronics, architectural, and industrial product markets. It is also involved in the primary aluminum smelting and hydroelectric power generation activities in Brazil. The company was founded in 2004 and is headquartered in Atlanta, Georgia. Novelis Inc. is a subsidiary of AV Metals Inc.

3560 Lenox Road

Suite 2000

Atlanta, GA 30326

United States

Founded in 2004

11,560 Employees

Phone:

404-760-4000

Key Executives for Novelis Inc.

Interim Chief Executive Officer, Interim President, Chief Financial Officer and Senior Vice President
Age: 43
Senior Vice President and President of Novelis Europe
Age: 44
Senior Vice President and President of Novelis North America
Age: 57
Senior Vice President and President of Novelis South America
Age: 56
Senior Vice President and President of Novelis Asia
Age: 60
Compensation as of Fiscal Year 2014.

Novelis Inc. Key Developments

Novelis Appoints H.R. Shashikant as Senior Vice President and Chief Human Resources Officer Succeeding Leslie W. Joyce

Novelis announced the appointment of H.R. Shashikant to the position of Senior Vice President and Chief Human Resources Officer, effective immediately. Shashikant was previously Group Executive President, Group Human Resources, for the Aditya Birla Group (ABG), the Mumbai-based conglomerate of which Novelis is a part. In his new role, Shashikant will be based at Novelis' global headquarters in Atlanta. In his 29-year career, Shashikant has held progressively senior human resources leadership roles in a number of global organizations. Shashikant succeeds Leslie W. Joyce, Ph.D., who has left Novelis to pursue other career opportunities.

Novelis Inc. Provides Capital Expenditure Guidance for the Fiscal 2016

Novelis Inc. provided capital expenditure guidance for the fiscal 2016. For the year, the company will use a disciplined capital approach while driving strategy forward and expect capital expenditures of approximately $400 million for fiscal 2016, as the company finish the buildout of several growth projects under construction and maintain adequate maintenance capital levels.

Novelis Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015

Novelis Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported net sales of $2,789 million compared to $2,549 million a year ago. Income before income taxes was $18 million compared to $39 million a year ago. Net income attributable to common shareholder was $29 million compared to $54 million a year ago. Adjusted EBITDA was $201 million compared to $250 million a year ago. For the year, the company reported net sales of $11,147 million compared to $9,767 million a year ago. Income before income taxes was $162 million compared to $115 million a year ago. Net income attributable to common shareholder was $148 million compared to $104 million a year ago. Net cash provided by operating activities was $604 million compared to $702 million a year ago. Capital expenditures were $518 million compared to $717 million a year ago. Adjusted EBITDA was $902 million compared to $885 million a year ago. The increase was primarily driven by higher shipments, favorable product mix due to a strategic shift to grow automotive shipments and cost benefits from using a higher percentage of recycled metal inputs. Free cash inflow was $71 million compared to free cash outflow of $16 million a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 10, 2014
UHE Risoleta Neves
Merger/Acquisition
June 2, 2014
Novelis Inc., Minas Gerais Assets
 

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