Alcoa Corporation (NYSE:AA) Q4 2023 Earnings Conference Call January 17, 2024 5:00 PM ET

Company Participants

James Dwyer - Vice President, Investor Relations and Pension Investments

William Oplinger - President and Chief Executive Officer

Molly Beerman - Executive Vice President and Chief Financial Officer

Conference Call Participants

Michael Dudas - Vertical Research

Carlos De Alba - Morgan Stanley

Katja Jancic - BMO Capital Markets

Timna Tanners - Wolfe Research

John Tumazos - John Tumazos Independent Research

William Peterson - JPMorgan

Lucas Pipes - B. Riley Securities

Lawson Winder - Bank of America Securities

Operator

Good afternoon, and welcome to the Alcoa Corporation Fourth Quarter 2023 Earnings Presentation and Conference Call. All participant will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask question. [Operator Instructions] Please note, today’s event is being recorded.

I'd now like to turn the conference over to James Dwyer, Vice President, Investor Relations and Pension Investments. Please go ahead.

James Dwyer

Thank you, and good day, everyone. I'm joined today by William Oplinger, 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 Bill 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. For historical non-GAAP financial measures, reconciliations to the most directly comparable GAAP financial measures can be found in the appendix to today's presentation. We have not presented quantitative reconciliations of certain forward-looking non-GAAP financial measures for reasons noted on this slide. Any reference in our discussion today to EBITDA means adjusted EBITDA. Finally, as previously announced, the earnings press release and slide presentation are available on our website.

With that, here's Bill.

William Oplinger

Thanks, Jim, and welcome, everyone, to our fourth quarter 2023 earnings call. Today, we'll review the substantial progress we've made in the fourth quarter on key objectives, the financial results, the market and our plans to continue to improve and strengthen our company.

I started last quarter's call by affirming the areas of Alcoa's near-term focus and reinforcing our values to act with integrity, operate with excellence, care for people and lead with courage. Consistent with those values, I'm proud that Alcoa's safety performance showed market improvement in 2023. While we experienced two FSI-As last year, we improved year-over-year in all key safety metrics. We intend to continue our progress toward our goal of an injury-free workplace.