Historic Plant of the Future Investment
Q3FY24 BUSINESS & FINANCIAL HIGHLIGHTS
Significant improvement in YoY Adjusted EBITDA and Adjusted
EBITDA per tonne; cycling past the trough after challenging period
Adjusted EBITDA/tonne reached $499 in Q3FY24, up 33% YoY
Steady to improving demand trends across markets
Automotive demand continues to perform well
Positive outlook for beverage can demand
Strategic capital investments underway continue to progress
Completed 50kt Yeongju debottlenecking investment in October
Successful Oswego hot mill upgrade in November to reduce costs
Extended ASI certification in North America
Signed contract with Ardagh for beverage packaging sheet supply
Trailing Twelve Month FRP Shipments
(kilotonnes)
3,847
3,863
3,841
3,790
3,707
3,656
3,658
Novelis
Trailing Twelve Month Adjusted EBITDA
($ millions)
2,051
2,004
1,839
1,811
1,762
1,671
1,649
Q1FY23 Q23FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24
Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24
2024 Novelis
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