Hindalco Industries Limited — PPTs, 11-02-2026: Investor Presentation

Novelis' Q3 FY26 **Net Sales** grew 3% YoY to $4.2 billion, but the company reported a **Net Loss** of $160 million, down from a $110 million profit last year. **Adjusted EBITDA** also fell 5% YoY to $348 million. This downturn was significantly impacted by two fires at its Oswego, US plant, causing $327 million in pre-tax losses and an 11% drop in rolled product shipments to 809 kilotonnes. Despite these challenges, **Adjusted EBITDA per tonne** increased 6% YoY to $430, indicating strong underlying operational efficiency. Europe's segment performance was robust, seeing a 59% rise in Adjusted EBITDA.

**Strategic focus** includes an updated cost efficiency program, now targeting over $150 million in FY26 run-rate savings, with ambitions to reach $300 million by FY28. **Capacity expansion** continues with the new Bay Minette, Alabama plant, where cold mill commissioning begins in March, aiming for full operation in H2 2026.

A notable **recent development** was the $750 million equity contribution from its parent company in December, bolstering financial stability. **Management** anticipates the Oswego hot mill will restart by late Q2 calendar 2026 and remains optimistic about strong demand in key markets like beverage packaging.