Alumina Ltd (STU:WMC1)

€ 1.06 -0.037 (-3.37%) Market Cap: 3.13 Bil Enterprise Value: 3.40 Bil PE Ratio: 0 PB Ratio: 2.39 GF Score: 40/100

Full Year 2023 Alumina Ltd Earnings Call Transcript

Feb 26, 2024 / 11:00PM GMT

Release Date Price: €0.6424 (+6.43%)

Transcript

Operator

Thank you for standing by, and welcome to the Alumina Limited 2023 full year results conference call. (Operator Instructions) I would now like to turn the conference over to Mr. Mike Ferraro, Chief Executive Officer. Please go ahead.

Michael Ferraro

Alumina Ltd - Chief Executive Officer, Managing Director, Executive Director

Welcome, everyone. Thank you for joining Alumina Limited's presentation of our full year results for 2023. Before I proceed further, please refer to the disclaimer. Also note all references to dollars refer to US dollars unless otherwise specified. I would like first to take you through the proposed transaction with Alcoa, the details of which were announced yesterday. Before I move to discuss the 2023 results.

The transaction involves acquiring Alumina for scrip consideration of 0.02854 Alcoa shares per Alumina share. The proposal implies a 19.5% premium to the average exchange ratio over the last 12 months and represents a 31.6% ownership stake for Alumina shareholders in the merged entity. This proposal follows earlier

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