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February 12, 2016 8:22 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.

Chief Executive Officer and President
Age: 44
Interim Chief Financial Officer
Senior Vice President and President of Novelis Europe
Age: 45
Senior Vice President and President of Novelis North America
Age: 58
Senior Vice President and President of Novelis South America
Age: 57
Compensation as of Fiscal Year 2015.

Novelis Inc. Key Developments

Novelis Announces RC5754 High Recycled Content Aluminum Alloy for Automotive Industry

Novelis announced that its RC5754 alloy, a new automotive product designed to contain up to 75% recycled content, has been successfully integrated into the structural components of high volume production passenger vehicles. RC5754 was developed with Jaguar Land Rover and serves as a key component of Jaguar's REALCAR (REcycled Aluminum CAR) project. First introduced in the new Jaguar XE, the RC5754 alloy will also be featured in all new and legacy Jaguar Land Rover models.

Novelis Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2016

Novelis Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company's net sales were $2,354 million compared to $2,847 million a year ago. Income before income taxes was $22 million compared to $49 million a year ago. Net income was $6 million compared to $46 million a year ago. Net income attributable to common shareholder was $6 million compared to $46 million a year ago. EBITDA was $187 million compared to $220 million a year ago. Adjusted EBITDA was $212 million compared to $236 million a year ago. Adjusted EBITDA excluding metal price lag was $238 million compared to $228 million a year ago. The increase was driven by higher shipments of automotive and beverage can sheet, partially offset by less favorable recycling benefits due to depressed aluminum prices as compared to the prior year. Net income attributable to common shareholder, excluding special items was $32 million compared to $54 million a year ago. Capital expenditures totaled $78 million in the third quarter of fiscal 2016, down from $104 million reported in the prior year period. For the nine months, the company's net sales were $7,470 million compared to $8,358 million a year ago. Loss before income taxes was $39 million compared to profit before income taxes of $144 million a year ago. Net loss was $67 million compared to net profit of $119 million a year ago. Net loss attributable to common shareholder was $67 million compared to profit attributable to common shareholder of $119 million a year ago. Net cash provided by operating activities was $1 million compared to $87 million a year ago. Capital expenditures was $282 million compared to $368 million a year ago. EBITDA was $460 million compared to $654 million a year ago. Adjusted EBITDA was $521 million compared to $701 million a year ago. Adjusted EBITDA excluding metal price lag was $686 million compared to $682 million a year ago. Net income attributable to common shareholder, excluding special items was $81 million compared to $118 million a year ago. The company continues to expect positive free cash flow for the full fiscal year, and capital expenditures slightly below $400 million in fiscal 2016.

Novelis Inc. to Report Q3, 2016 Results on Feb 09, 2016

Novelis Inc. announced that they will report Q3, 2016 results at 8:00 AM, US Eastern Standard Time on Feb 09, 2016

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