September 02, 2014 3:42 PM ET

Metals and Mining

Company Overview of Novelis Inc.

Company Overview

Novelis Inc. produces and sells aluminum rolled products. It operates through four segments: North America, Europe, Asia, and South America. The company produces aluminum sheet and light gauge products primarily for use in the beverage can, automotive, consumer electronics, architecture, transportation, and foil markets. It is also involved in the primary aluminum smelting and hydroelectric power generation activities in Brazil. The company was founded in 2004 and is headquartered in Atlanta, Georgia. Novelis Inc. is a subsidiary of Hindalco Industries Limited.

3560 Lenox Road

Suite 2000

Atlanta, GA 30326

United States

Founded in 2004

11,410 Employees

Phone:

404-760-4000

Key Executives for Novelis Inc.

Chief Executive Officer and President
Age: 54
Chief Financial Officer and Senior Vice President
Age: 43
Senior Vice President and President of Novelis South America
Age: 56
Senior Vice President and President of Novelis Europe
Age: 44
Senior Vice President and President of Novelis North America
Age: 57
Compensation as of Fiscal Year 2014.

Novelis Inc. Key Developments

Novelis Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Novelis Inc. reported unaudited consolidated earnings results for the first quarter ended June 30, 2014. Adjusted EBITDA for the first quarter of fiscal 2015 was $235 million, a 15% increase compared to $204 million reported for the prior year. The increase was primarily driven by significantly higher volume, partially offset by pricing pressures in the Asian markets and a higher fixed cost base due to expansions ahead of revenue generation. Net income attributable to the company's common shareholder was $35 million against $14 million a year ago. Net sales were $2,680 million against $2,401 million a year ago. Income before income taxes was $59 million against $17 million a year ago. Net cash used in operating activities was $24 million against $102 million a year ago. Capital expenditures were $138 million against $181 million a year ago. EBITDA was $228 million against $169 million a year ago. Free cash flow was $177 million against $289 million a year ago. The company continues to expect its capital investment in fiscal 2015 will be in the $500 million to $550 million range. The company continues to expect positive free cash flow after capital expenditures for the full year fiscal 2015. The company expects adjusted EBITDA in the $280 million to $320 million range.

Novelis Inc. to Report Q1, 2015 Results on Aug 07, 2014

Novelis Inc. announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on Aug 07, 2014

Novelis Inc., Q1 2015 Earnings Call, Aug 07, 2014

Novelis Inc., Q1 2015 Earnings Call, Aug 07, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 10, 2014
UHE Risoleta Neves
Merger/Acquisition
June 2, 2014
Novelis Inc., Minas Gerais Assets
Merger/Acquisition
May 9, 2014
Novelis Inc., Mining Rights in Mariana and Alvinópolis
 

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