John Gardner - SB'14 London

Novelis’ Sustainability Journey

Towards a Circular Future

November 2014

John Gardner, Chief Sustainable Officer

World’s Largest Aluminum Roller

World’s Largest Aluminum Recycler

Global Presence

11

Countries

26

OperationsEmployees

2,786 Kt

Shipments

$9.8b

Revenues

11,200

Focused on Strategic Markets

AutomotiveBeverage Cans High-End Specialties

Novelis Material Issues

Constrained Resources

Sustainable Sourcing

Reduced GHGs

Waste Reduction

Population Growth

Urbanisation

Low Carbon Solutions

Regulation & Stakeholder Perception

Increasing Carbon FocusEconomic

Sustainability

Environmental Sustainability

Social Sustainability

Water Use Supply Chain

Life Cycle

Benefiting society through innovative low

carbon solutions & engagement with our

communities

Social

Business strategy based on materials,

processes & products with minimal

dependence on resources

Environment

Long-term profitability driven by aggressive

growth

Economy

Re-Creating A Sustainable Future

Linear Economy:Take, Use, Discard

Closing the Loop

United States~360kt

China~120kt Brazil

~190kt

Europe~500kt

Korea~265kt

~120kt

Lightweight Auto Sheet LinesRecycling Expansions

Investing Nearly $2B in Sustainable Strategy Capacity Expansions

Our 2020 Sustainability Targets

33%in 2010

80% by 2020

39% in 2012

50% by 2015

46% in 2014

80%GOAL

Growing Our Recycled Content

Novelis will increase its current use of recycled aluminum from

to 80% 33%

This will remove 10 million metric tons of greenhouse gas emissions from the aluminum product value chain annually.

by 2020

Our Focuson Recycling

YeongjuSouth Korea

PindaBrazil

Nachterstedt Germany

South America

Pinda, Brazil

Europe

Latchford, UKNorf, Germany

Pieve, Italy

Asia

Yeongju, KoreaUlsan, Korea

North America

Oswego, NYBerea, KY

Greensboro, GA

OswegoNew York

The World’s Largest AluminumRecycling Network

The World’s Largest AluminiumRecycling Center

Re-engineering Our Products

Driving Research & Innovation to:

Develop new more sustainable low carbon products & that are more easily recycled & use more recycled content

Encouraging & PracticingClosed Loop Recycling

Ingot Casting

CarProduction

Consumer Use

End of Life Collection

Car-to-Car

Ingot Casting

CanProduction

Consumer Use

End of Life Collection

Can-to-Can

More Efficient RecyclingMaintains Same Alloy Properties & Reduces Carbon Footprint

evercanTM

World’s first independently certified high recycled contentcan body sheet

90% Recycled Content

How does evercancompare?

Recycling saves 95% Less Energy95% Fewer GHG Emissions

Consumers Are Seeking Solutions to Be More Sustainable…

Joint consumer research project Spring 2014

3,000 consumers assessed Europe & USA

“I would feel better about the drinks company if they supported recycling.”

73%

“If taste and price were the same, I would consider

switching to another drink brand that had a better environmental impact.”

68%

“I would feel better about the drink company if their

packaging was made of recycled material.”

71%

evercan –Raising The Bar

In Next Year_____________

Certified highrecycled content can

body sheet at 90%

+

Certified can end sheet at 85% recycled

content

Future_____________

Total can certified at up to 100%

recycled content

Now_____________

Certified high recycled content can

body sheet at 90% available globally

Creating a Closed LoopLife Cycle

Re-engineering Our Supply Chain

Increasing Post Consumer Recycling Educate consumers, increase recycling rates

Reshaping product portfolio Higher value, lower carbon products Highly Recycled & High Recycle content

Evolving Design Specifications Increasing recycled inputs with end-of-life in mind

Responsible Sourcing Supplier sustainability & code of conduct roll-out

Circular Economy DrivesOperational Sustainability Improvement

Advancing the CircularEconomy Dialogue

Novelis Partnering with Stakeholders

Sustainability Advisory Council

To Review Our Sustainability Strategy & Better Understand Emerging Sustainability Trends

Matt ArnoldGlobal Head of Sustainable Finance, JP Morgan Chase

Stuart HartChair in Sustainable Enterprise, University of Vermont

Jeff KeeferFormer EVP CFO & Strategy DuPont

Miguel MilanoInstituto LIFE, Brazil

Jonathan PorrittFounder Forum for the Future 

31 © 2014 Novelis Inc. – Confidential & Proprietary

Sustainable Product Development

Long Term CompetitivenessCarbon Footprint

Lower Energy Use & Lower EmissionsPotential 3,000 Litres Fuel Saving

over the Vehicle’s Lifetime

20 tonnes of CO2

emissionsover lifetime

of car

1 tonne ofaluminium

32 © 2014 Novelis Inc. – Confidential & Proprietary

Circular Design & Innovation

New Jaguar XE has new alloy containing high recycled content. Enabling up to 75% of the car body to use recycled aluminium.

CircularFutures

• Drive carbon reduction from circular economy transformation & innovation

• Build shared value from closed loop aluminium

• Strong collaboration to develop end of life recycling

Better…Againand Again

This means the can in your hand has numerous

environmental benefits, avoiding both waste

going to landfill and GHG intensive primary

aluminum production

Thank YouFor Recycling