Alcoa Corporation (NYSE:AA) Q1 2023 Results Conference Call April 19, 2023 5:00 PM ET

Company Participants

James Dwyer - VP, IR

Roy Harvey - President and CEO

Molly Beerman - EVP and CFO

Conference Call Participants

Michael Dudas - Vertical Research

Lucas Pipes - B. Riley Securities

Timna Tanners - Wolfe Research

John Tumazos - Tumazos Very Independent Research

Carlos De Alba - Morgan Stanley

Emily Chieng - Goldman Sachs

Alex Hacking - Citi

Lawson Winder - Bank of America Securities

Operator

Good afternoon, and welcome to the Alcoa Corporation First Quarter 2023 Earnings Presentation and Conference Call. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to James Dwyer, Vice President of Investor Relations. Please go ahead.

James Dwyer

Thank you, and good day, everyone.

I’m joined today by Roy Harvey, Alcoa Corporation President and Chief Executive Officer; and Molly Beerman, Executive Vice President and Chief Financial Officer. We will take your questions after comments by Roy and Molly.

As a reminder, today’s discussion will contain forward-looking statements relating to future events and expectations that are subject to various assumptions and caveats. Factors that may cause the Company’s actual results to differ materially from these statements are included in today’s presentation and in our SEC filings. In addition, we have included some non-GAAP financial measures in this presentation. Reconciliations to the most directly comparable GAAP financial measures can be found in the appendix to today’s presentation. Any reference in our discussion today to EBITDA means adjusted EBITDA. Finally, as previously announced, the earnings release and slide presentation are available on our website.

With that, here’s Roy.

Roy Harvey

Thanks, Jim, and thank you to everyone for joining our call.

We are joined today by our new Executive Vice President and Chief Financial Officer, Molly Beerman. As you recall, she was appointed as CFO in February of this year. And though this is her first formal presentation of our quarterly financial results, she’s no stranger to the process. She had been Alcoa’s Principal Accounting Officer and Controller since 2016, and I’m pleased to have her as a member of my executive leadership team. Also, our former CFO, Bill Oplinger, is now Executive Vice President and Chief Operations Officer, where he is working with our production leaders to reinforce a safe and stable operating environment and to drive continued improvement across all of our assets. Together, my executive leadership team is working with Alcoans around the globe to help advance our company’s purpose and vision as outlined on the left of this slide.