Exhibit 99.4 Slides of Presentation by Michel Jacques, Senior Vice President, Alcan Inc., President and Chief Executive Officer, Alcan Engineered Products.
Forward Looking Statements | |||
Statements made in the course of this presentation which describe the Company's intentions, expectations or predictions may be "forward-looking statements" within the meaning of securities laws. The Company cautions that, by their nature, forward-looking statements involve risk and uncertainty, and actual actions or results could differ materially. Reference should be made to the most recent Form 10-Q and Form 10-K for a summary of major risk factors. In addition, certain non-GAAP measures are used which are reconciled to the comparable GAAP measures herein or on the Company's website at www.alcan.com in the "Investors" section.
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© 2005 ALCAN INC. | Slide 2 |
Agenda | |||
■Engineered Products -A platform for growth
■ Engineered Products -Operational excellence as a pre-requisite for growth
■ Engineered Products -Innovation as a source of growth
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© 2005 ALCAN INC. | Slide 3 |
Engineered Products | |||
A platform for growth | |||
| 2001 Sales: US$ 1.6bn
2005 Sales: US $ 6.2bn
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© 2005 ALCAN INC. | Slide 4 |
Key Drivers | |||
Ambition to be "best in class"in everything we do | |||
■ Enrich the portfolio via acquisitions / streamlining
■ Product / market development ■ Customer focus / innovation ■ Continue to capture Pechineyintegration synergies ■ Margin management to deliver superior returns
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© 2005 ALCAN INC. | Slide 5 |
Market Participation |
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© 2005 ALCAN INC. | Slide 6 |
Recent History | |||
Portfolio enrichment through acquisitions and divestments | |||
■ Exits completed or underway in the last 12 months:
■ Under review:Cast Plate (Vernon), Roll-Bond (Chambéry), Capacitor ■ Acquisitions:
| Revenues:
Revenues:
Revenues:
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© 2005 ALCAN INC. | Slide 7 |
Recent History | |||
Customer focus and lean business processes lead to | |||
EP is in the process of streamlining operations:
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© 2005 ALCAN INC. | Slide 8 |
Aerospace Market Participation | ||
Operational Excellence as a pre-requisite for growth |
© 2005 ALCAN INC. | Slide 9 |
Aerospace | |||
Growth in a profitable market with high entry barriers | |||
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© 2005 ALCAN INC. | Slide 10 |
Aerospace, Transportation and Industry | ||
Following the customers |
![]() | ■ Increasing capacity at world-class facilities both in North America and in Europe to better serve growing customer needs ■ Ability to serve customers in all major ■ Expected average delivery rate on 20
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© 2005 ALCAN INC. | Slide 11 |
Ravenswood Turnaround | |||
Turnaround to a platform for growth | |||
■Focus on profitability ■ Renewed working relationship with stakeholders | |||
© 2005 ALCAN INC. | Slide 12 |
Aerospace, Transportation and Industry | |||
Executing a value-creating strategy | |||
■ Long-term supply agreements with Boeing and Airbus well advanced
■ Projects under way to increase plate capacity (8% in Europe) ■ Renewed R&D effort for 3rd generation aluminium-lithium ■ Development of specialised solutions in Transport, Marine and | |||
© 2005 ALCAN INC. | Slide 13 |
Composites Market Participation | ||
Leadership in global markets |
© 2005 ALCAN INC. | Slide 14 |
Composites: Baltek and Uniwood |
Baltek | Uniwood Fome-Cor | |
■ Complementary solutions for customers through Baltekacquisition ■ Core Materials is now the fastest ■ Current sales are more than 150% of the ■ Environment-friendly and sustainable | ■ UniwoodFome-Cor: Complementary products, strong brands and unique assets in North America ■ Common distribution network ■ Significant synergies were realized ■ Current sales are 125% of the combined ■ Further operational improvements
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© 2005 ALCAN INC. | Slide 15 |
Synergies | ||
Execution of a value-creating growth strategy | ||
■ Successful integration is the key value-creating task for growth by acquisitions ■ Synergies driven by marketing & sales reorganisation and improved offering |
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© 2005 ALCAN INC. | Slide 16 |
Extruded Products Market Participation | ||
Anchored in Central Europe |
© 2005 ALCAN INC. | Slide 17 |
Extruded Products Market Trends | |||
Streamlining in Western Europe and expanding in the East | |||
■ A key player in Europe, maintaining its focus on speciality products ■ Streamlining operations in Western Europe
■ Growing in the East
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© 2005 ALCAN INC. | Slide 18 |
R&D and Future Options | |||
Innovation as a source of growth | |||
■ Unique know-how through two world-class R&D centers ■ Mandate: increase rate of innovation through step changes ■ Approach: encourage generation of ideas for exploitation by ■ Process: | |||
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© 2005 ALCAN INC. | Slide 19 |
Strengths and Priorities | ||
Innovation in everything we do | ||
Competitive Strengths |
| Key Priorities |
■ Alcan name and reputation ■ Global coverage ■ Close to customers ■ Wide range of technologies and ■ Best-in-class R&D and engineering ■ Entrepreneurial spirit ■ International, autonomous ■ Teamwork | ■ EHS -recognition as leaders ■ Capture synergies ■ "Fit for Future" and information ■ Innovation: customer-oriented R&D ■ Prepare for growth:
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© 2005 ALCAN INC. | Slide 20 |
Financial Metrics | |||
Significant value creation potential | |||
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© 2005 ALCAN INC. | Slide 21 |
Summary | |||
Engineered Products committed to maximizing value | |||
■ Enrich the portfolio via acquisitions/streamlining
■ Product/market development ■ Key drivers: customer focus / innovation ■ Grow the business profitably and in a sustainable way ■ Continue to capture the synergies from Pechineyand recent acquisitions
■ Develop human resources, our management model and organization | |||
© 2005 ALCAN INC. | Slide 22 |
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© 2005 ALCAN INC. | Slide 23 |
APPENDIX
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© 2005 ALCAN INC. | Slide 24 |
Aerospace, Transportation and Industry | ||
Facilities located close to largest customers |
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© 2005 ALCAN INC. | Slide 25 |
Composites | |||
Leadership in global markets | |||
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© 2005 ALCAN INC. | Slide 26 |
Extruded Products | |||
Anchored in Central Europe | |||
© 2005 ALCAN INC. | Slide 27 |
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© 2005 ALCAN INC. | Slide 28 |