Alcan + Pechiney A New World of Opportunity slide image

Alcan + Pechiney A New World of Opportunity

Strategic Rationale Compelling Strategic Rationale Creates Substantial Value for Shareholders ▪ Fits strategy & value-maximizing objectives Strengthens Alcan as a world-leading aluminum company ▪ Provides broad technology leadership - core smelting technology ▪ Enhances aluminum fabrication portfolio, e.g. aerospace ■ Creates US$6 billion packaging leader ▪ Accretive to EPS, free cash flow, ROCE from year one ■ Well timed Increases future options ©2003 ALCAN INC. ALCAN 5
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