Investment Highlights

Strong Diversified Portfolio
  • Secular demand growth for aerospace, packaging and automotive
  • Solid market dynamics in general engineering applications
Leading Market Position in Strategic End Markets
  • Demanding applications
  • Strong customer relationships
  • Multi-year contracts with strategic partners
Long-term Earnings Growth Potential
  • Attractive, growing market segments
  • Significant strategic investments
  • Platforms for additional organic/inorganic growth
Financial Strength and Operational Flexibility
  • Strong liquidity/cash flow
  • Flexible cost structure

Kaiser Aluminum at a Glance

$1.2 B
Market Capitalization1
$3.4 B
$0.1 B
Adjusted EBITDA1,2
Dividend Yield1
$0.6 B
Net Debt / Adjusted EBITDA4

¹ As of December 31, 2022

² Adjusted EBITDA = Conlidated Net Income (loss) before Interest, Other Income (Expense), Income tax and non-run-rate items plus Depreciation and Amortization

³ Liquidity = Cash and cash equivalents and borrowing availability under the Revolving Credit Facility net of Letters of Credit as of December 31, 2022

⁴ Net Debt / Adjusted EBITDA = Total Debt less Cash on hand / Adjusted EBITDA as of December 31, 2022

¹ Conversion Revenue = Net Sales less the hedged cost of alloyed metal

² Refer to the 4Q22 Quarterly Earnings Presentation for the most direct GAAP measure and reconciliation for Conversion Revenue