Alumina Limited

Fact Sheet

Cautionary Notice

Some statements made in the following documentation on this website contain forward-looking statements under US federal securities laws, including the US Private Securities Litigation Reform Act of 1995.

Forward-looking statements include such words as "anticipate" "estimates", "should", "will", "expects", "plans" or similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual outcomes to be materially different from the forward-looking statements. Important factors that could cause actual results to differ from the forward-looking statements include: (a) material adverse changes in global economic, alumina or aluminium industry conditions and the markets served by AWAC; (b) changes in production and development costs and production levels or to sales agreements; (c) changes in laws or regulations or policies; (d) changes in alumina and aluminium prices and currency exchange rates; (e) constraints on the availability of bauxite and (f) the other risk factors summarised in Alumina's latest Annual Report.

Forward-looking statements that reference past trends or activities should not be taken as a representation that such trends or activities will necessarily continue in the future. Alumina Limited does not undertake any obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of the relevant document.

By clicking "Continue" I acknowledge that I have read and understand the Cautionary Notice on Forward-Looking Statements set forth above and agree to be legally bound by them.

Alumina Limited is a leading Australian company listed on the ASX and the OTC market. Our strategy is to invest world-wide in bauxite mining, alumina refining and selected aluminium smelting operations through our 40% ownership of Alcoa World Alumina & Chemicals (AWAC), the world's largest alumina business with a production capacity exceeding 17 million tonnes per annum representing approximately 17% of the world’s alumina production.

Our partner, Alcoa, owns 60% of AWAC, and is the manager.

Market codes

ASX Code: AWC
OTX market code: AWCMY
GICS Industry Group: Materials

52 week stock price range to 31 Dec 2014

Ordinary Shares: A$01.11 - A$1.85
ADRs: US$3.35 - US$5.26

Market capitalisation (A$ billion) as at 31 Dec 2014

A$5.0 billion

Issued shares

2,806,225,615 ordinary shares

Investor relations contact

Charles Smitheram
T +61 3 8699 2613
E charles.smitheram@aluminalimited.com

Performance for the 12 months ending 31 Dec 2014

  • Net (loss)/profit after tax US$(98.3)M
  • Total significant items after tax (189.4)
  • Net profit after tax excluding significant items of US$91.1M
  • AWAC twelve month alumina production of 15.9M tonnes
  • Basic EPS US cents (3.5)
  • Dividends paid to shareholders - 1.6 US cents
  • Dividends and distributions paid to Alumina US$119.2

Operations

AWAC's operations span five continents. The integrated global network strategically positions AWAC to supply alumina to the world smelting markets, with options to expand low-cost production facilities in the future.

AWAC has interests in 8 alumina refineries and 5 bauxite mines and also operates an aluminium smelter in Victoria, Australia.

AWAC alumina growth projects

  • In December 2009, Alcoa Inc and Ma'aden entered into an agreement setting forth terms of a joint venture between them to develop a fully integrated aluminum complex in the Kingdom of Saudi Arabia. AWAC has a 25.1% economic interest in the bauxite mine and alumina refinery only. The mine has an initial capacity of 4.0 million metric tonnes per year and the refinery an initial capacity of 1.8 million metric tonnes per year. At 31 Dec 2014 the refinery has commenced operation and the mine 83% complete.
  • Relocation of the bauxite crusher at Western Australia's Huntly mine progressed. The relocation reduces haul road distance and improves the mine productivity, and is expected to be completed by mid-2015.

Strategy for shareholders

Alumina Limited's strategy is to invest in the leading bauxite and alumina business in the world, Alcoa World Alumina and Chemicals (AWAC). To achieve this Alumina Limited commits to maximising long-term shareholder returns by:

  • Working together with Alcoa on the strategic direction of AWAC
  • Ensuring stewardship and governance oversight of the AWAC investment
  • Providing transparency into the business performance