Analyst Presentations: Cautionary Statement
Please Read this statement before viewing the presentations.
Certain statements contained in the presentations to shareholders or analysts on this web site constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by their use of predictive, future-tense or forward-looking words, such as "anticipates," "estimates," "expects," "forecasts," "intends," "outlook," "plans," "projects," "should," "targets," "will" or similar terms. Forward-looking statements are based on Alcoa's estimates, assumptions and expectations of future events and are subject to a number of risks, contingencies and uncertainties. Alcoa cannot guarantee that these estimates, assumptions and expectations will prove to be accurate or will be realized. Alcoa disclaims any intention or obligation, other than as required by law, to update or revise any forward-looking statements. The following are some of the important factors that could cause Alcoa's actual results to differ materially from those projected in any forward-looking statements:
- Material adverse changes in economic or aluminum industry conditions generally, including global supply and demand conditions and fluctuations including cyclical or sustained declines in London Metal Exchange (LME)-based prices for primary aluminum;
- Uncertainties regarding the strength, pace, or sustainability of a recovery from the global economic downturn, the risk of another downturn, and the impact on Alcoa;
- Material adverse changes in the markets served by Alcoa, including the commercial transportation, aerospace, building and construction, distribution, packaging, industrial gas turbine, oil and gas, defense, and other markets;
- Alcoa's inability to achieve the level of cost reductions or free cash flow, debt-to-capital ratio or productivity improvements, or earnings or revenue growth anticipated by management;
- Significant increases in power or energy costs (e.g., electricity, natural gas, and fuel oil), or interruption or unavailability of energy supplies;
- Significant increases in the costs of other raw materials, including carbon products, caustic soda, and other key inputs, or significant lag effects for decreases in commodity- or LME-linked costs of production;
- Volatility or deterioration in the financial markets, or the failure of financial institutions to fulfill their commitments to Alcoa under committed credit facilities;
- Further downgrades in Alcoa's credit ratings, material increases in Alcoa's cost of borrowing, or an inability to access the credit or capital markets;
- Alcoa's inability to successfully implement as planned, or to realize expected benefits from, its growth projects in Brazil, China and Russia or its portfolio streamlining strategy, including divestitures of non-core businesses;
- Alcoa's inability to successfully realize expected short-term benefits from changes in its pricing strategy for the aluminum can sheet market;
- Risks associated with the international joint ventures and other strategic alliances in which Alcoa participates, including the joint venture with Ma'aden, the Saudi Arabian Mining Company;
- Political and economic risks associated with foreign activities, including fluctuations in foreign currency exchange rates or changes in the laws or governmental regulations or policies in the countries in which Alcoa operates;
- Outcomes of significant legal proceedings or investigations, changes in law, or other contingencies that cannot be predicted with certainty;
- Adverse effects or uncertainties regarding the impacts of climate change, climate change regulations or greenhouse effects;
- Significant costs and liabilities associated with numerous complex and increasingly stringent environmental laws and regulations;
- Adverse changes in Alcoa's relationships with, or a significant downturn in the business or financial condition of, key customers or suppliers;
- Union disputes and other employee relations issues;
- Potential negative effects on Alcoa's business and growth prospects as a result of reductions in its capital expenditures;
- Operating factors such as supply disruptions or failure of equipment or processes to meet specifications; and
- The other risk factors summarized in Alcoa's Annual Report on Form 10-K for the year ended December 31, 2009 and other SEC reports.
By clicking "Continue," I acknowledge that I have read and understand the Cautionary Statements set forth above and agree to be legally bound by them.
 
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