Analyst Presentations: Cautionary Statement
Please Read this statement before viewing the presentations.
Certain statements contained in the presentations to analysts on this web site relate to future events and expectations and, as such, 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. All statements that reflect Alcoa's estimates, assumptions, expectations or projections about the future other than statements of historical fact are forward-looking statements, including, without limitation, forecasts concerning aluminum industry growth or other trend projections, anticipated financial results or operating performance, and statements about Alcoa’s strategies, objectives, goals, targets, outlook, and business and financial prospects. Forward-looking statements are subject to a number of known and unknown risks, contingencies and uncertainties and are not guarantees of future performance. Actual results, performance or outcomes may differ materially from those expressed in or implied by those forward-looking statements. Alcoa disclaims any intention or obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law. 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:
- Uncertainties regarding the duration or severity of the current global economic downturn and their impact on Alcoa;
- Material adverse changes in aluminum industry conditions generally, including global supply and demand conditions and fluctuations, including sustained declines or further deterioration, in London Metal Exchange-based prices for primary aluminum;
- Alcoa’s inability to achieve the level of cash conservation, cash generation, cost reductions, or debt-to-capital ratio or return on capital improvements 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;
- Continued 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;
- Operating factors such as supply disruptions, labor disputes or failure of equipment or processes to meet specifications;
- Alcoa’s inability to successfully implement its Brazilian growth projects or portfolio streamlining strategy, including divestitures of non-core businesses, as planned or to realize expected benefits;
- Political and economic risks associated with foreign activities, including fluctuations in foreign currencies or changes in the laws or governmental policies in the countries in which Alcoa operates;
- Significant legal proceedings or investigations, changes in law, or other contingencies that cannot be predicted with certainty;
- Adverse changes in Alcoa's relationships with, or a significant downturn in the business or financial condition of, key customers or suppliers;
- Significant costs and liabilities associated with numerous complex and increasingly stringent environmental laws and regulations;
- Adverse effects or uncertainties regarding the impacts of climate change, climate change regulations or greenhouse effects; and
- The other risk factors summarized in Alcoa's Annual Report on Form 10-K for the year ended December 31, 2008 filed with the Securities and exchange Commission.
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