Historic Plant of the Future Investment
Europe
North America
Q3 SEGMENT RESULTS
Adjusted EBITDA
($ millions)
Shipments
(kts)
$300
400
350
$250
300
$200
$165
250
$150
$124
200
150
$100
100
$50
50
$0
0
Q3FY23
Q3FY24
$150
300
$125
250
$100
200
$75
150
$59
$50
$38
100
$25
50
$0
0
Q3FY23
Q3FY24
2024 Novelis
Novelis
Q3 Shipments -5%, Adjusted EBITDA +33%
Lower specialty shipments on muted macro &
lower automotive due to planned Oswego outage &
upgrade
Higher beverage packaging shipments on strong
demand
Higher product pricing & favorable metal benefits
Lower operating costs
Q3 Shipments -5%, Adjusted EBITDA +55%
Lower beverage packaging & specialties
shipments, partially offset by higher automotive
shipments
Higher product pricing & favorable metal benefits
Favorable FX translation
Lower operating costsView entire presentation