 |
|
Economic
| (in millions of US$ unless otherwise stated) |
2004 |
2005 |
2006 |
Average Number of
Employees
in thousands |
82 |
63 |
65 |
| Income Statement Items |
| Sales and Operating Revenues |
24,948 |
20,320 |
23,641 |
| Business Group Profit (BGP)1 |
3,611 |
2,873 |
4,380 |
| Payroll/Benefits*,2,3 |
3,314 |
4,232 |
4,404 |
| Research and Development Expenses4 |
239 |
227 |
220 |
| Income taxes |
375 |
257 |
665 |
| Balance Sheet Items |
| Operating Working Capital |
2,380 |
1,380 |
1,861 |
| Total assets as at December 31 |
33,341 |
26,638 |
28,939 |
| Total Debt* |
9,400 |
6,415 |
5,979 |
| Common Shareholders’ Equity |
10,566 |
9,484 |
10,934 |
| Capital Employed5 |
20,600 |
17,000 |
17,000 |
| Cash Flow Items |
| Cash from Operating Activities from Continuing Operations |
1,739 |
1,535 |
3,040 |
| Cash Used for Capital Expenditures |
1,269 |
1,742 |
2,081 |
| Cash Used for Business Acquisitions |
466 |
112 |
201 |
| Financial Ratios |
Debt as a percentage of invested capital
in % |
46 |
40 |
35 |
Operating Return on Capital Employed6
in % |
5 |
6.7 |
12.3 |
Cumulative Total Return7
(Based upon an initial investment of US$100 on December 31, 2001
with dividends reinvested)
in % |
44 |
37 |
66 |
|
Community Investment
| |
2004 |
2005 |
2006 |
Canadian Donations
and Sponsorships
| in millions of CAD |
|
|
|
| in millions of US$ |
|
|
|
|
Donations and Sponsorships Worldwide
in millions of US$ |
10.1 |
10.5 |
11.1 |
|
EHS FIRST**
| |
2004 |
2005 |
2006 |
| Environment |
Total Energy Consumed by Alcan's Installations
(excluding efficiency of energy generation)
in millions of GJ |
339 |
281 |
277 |
Total Energy Consumption Rate
in GJ/US$ sales |
0.014 |
0.014 |
0.012 |
Historical Energy
Consumption Rate – Smelters
in kWh/kg aluminum |
14.9 |
14.5 |
14.5 |
Index of Direct and Process (Scope 1) CO2 Equivalent Emissions
per unit of production (%) |
– |
100 |
98 |
Absolute GHG Emissions (Scope 1 + Scope 2)
in millions of tonnes of CO2 equivalent |
39.6 |
32.8 |
31.9 |
Absolute GHG Emissions Rate
in tonnes of CO2 equivalent per thousand US$ sales |
1.59 |
1.61 |
1.35 |
Total Direct and Process GHG Emissions (Scope 1)
in millions of tonnes of CO2 equivalent |
23.7 |
20.9 |
20.3 |
Total Direct and Process GHG Emissions Rate
in tonnes of CO2 equivalent per thousand US$ sales |
0.95 |
1.03 |
0.86 |
Total Indirect GHG Emissions (Scope 2)
in tonnes of CO2 equivalent in millions of tonnes of CO2 equivalent |
15.9 |
11.9 |
11.6 |
Total Indirect GHG
Emissions Rate
in tonnes of CO2 equivalent per thousand US$ sales |
0.64 |
0.58 |
0.49 |
PFC Emissions Rate
in tonnes of CO2 equivalent per
tonne of hot metal produced |
1.6 |
1.1 |
0.9 |
GHG Emissions Rate from
Aluminum Production – Smelters
in tonnes of CO2 equivalent per
tonne of hot metal produced |
6.2 |
5.9 |
5.7 |
GHG Emissions Rate from
Alumina Hydrate Production
in tonnes of CO2 equivalent per
tonne of alumina hydrate |
0.89 |
0.89 |
0.91 |
Total Area Mined for Bauxite
in hectares |
226 |
136 |
167 |
Total Area (Mined for Bauxite) Rehabilitated
in hectares |
26 |
40 |
182 |
Mined Area Rehabilitated Rate
in hectares rehabilitated per hectare mined |
0.12 |
0.29 |
1.09 |
Total Water Use
in millions of m3 |
277.8 |
267.1 |
284.3 |
Total Water Use Rate
in millions of m3 per
million of US$ sales |
0.0111 |
0.0131 |
0.0120 |
Major Environmental Events
|
0 |
0 |
0 |
| Significant and Moderate Environmental Events8 |
– |
– |
390 |
Significant and Moderate Environmental Events Rate8
in number of events per million hours worked |
– |
– |
2.71 |
Total Hazardous Waste
in thousands of tonnes |
169 |
135 |
137 |
Total Hazardous Waste Rate
in tonnes per million US$ sales |
6.78 |
6.64 |
5.79 |
Total Non-Hazardous Waste
in thousands of tonnes |
931 |
791 |
793 |
Total Non-Hazardous Waste Rate
in tonnes per million US$ sales |
37.32 |
38.95 |
33.54 |
Bauxite Residue
in thousands of tonnes |
4,130 |
3,220 |
3,161 |
Bauxite Residue Rate
in tonnes per tonne of alumina hydrate
produced |
0.84 |
0.81 |
0.85 |
Generated Spent Potlining
in thousands of tonnes |
80.7 |
74.7 |
79.4 |
Generated Spent Potlining Rate
in kilograms per tonne of hot metal produced |
26.2 |
24.3 |
26.4 |
Primary Metal Particulate Matter
Emissions
in tonnes |
11,264 |
8,417 |
8,650 |
Primary Metal Particulate Matter Emissions Rate
in kilograms per tonne of hot metal produced |
3.4 |
2.7 |
2.8 |
Primary Metal Fluoride
Emissions
in tonnes |
4,689 |
2,888 |
3,154 |
Primary Metal Fluoride Emissions Rate
in kilograms per tonne of hot metal produced |
1.41 |
0.94 |
1.03 |
Primary Metal PAH
Emissions – Söderberg smelters
in tonnes |
523 |
283 |
271 |
Primary Metal PAH Emissions Rate – Söderberg smelters
in kilograms per tonne of hot metal produced |
0.91 |
0.73 |
0.70 |
Total SO2 Emissions
in thousands of tonnes |
123.2 |
113.4 |
102.0 |
SO2 Emissions – Bauxite and Alumina
in thousands of tonnes |
36.5 |
33.1 |
30.4 |
SO2 Emissions Rate (Bauxite and Alumina)
in kilograms per tonne of alumina hydrate produced |
7.4 |
8.4 |
8.2 |
SO2 Emissions – Primary Metal
in thousands of tonnes |
86.2 |
79.9 |
71.2 |
SO2 Emissions Rate (Primary Metal)
in kilograms per tonne of hot metal produced |
24.5 |
23.5 |
23.7 |
Packaging VOC Emissions
in thousands of tonnes |
36.6 |
36.6 |
37.0 |
Packaging VOC Emissions Rate
in tonnes per million US$ packaging sales |
6.08 |
6.10 |
6.21 |
ISO 14001 Certification9
sites registered in % |
60 |
90 |
91 |
| Safety |
OHSAS 18001 Certification9
sites registered in % |
53 |
88 |
91 |
Recordable Case Rate10
per 200,000 hours worked |
1.79 |
1.50 |
1.16 |
Lost Time Injury/Illness
Rate11
per 200,000 hours worked |
0.68 |
0.54 |
0.39 |
Days Lost Rate (including fatalities)
per 200,000 hours worked |
50.42 |
22.49 |
39.76 |
| Number of Fatalities |
4 |
0 |
2 |
Fatality Case Rate
per million hours worked |
0.02 |
0 |
0.01 |
Serious Injury Case Rate
per million hours worked |
– |
0.28 |
0.22 |
|
| * |
Excludes data from businesses held for sale and discontinued operations. |
| ** |
All figures included in this report represent real holdings over time. All environmental, health and safety data excludes joint ventures and related companies where Alcan holdings are less than 50% and/or the site is not managed by Alcan. As an exception, greenhouse gas (GHG) and energy figures include contributions from all joint ventures and related companies based on percentage of ownership, regardless of management control over the fatality. Any exceptions to the above are explicitly referenced with the relevant data where applicable. |
| 1 |
For a definition of "Business Group Profit (BGP)", please refer to the Glossary section of this Report. Further information on Business Groups is disclosed in note 33 – Information by Operating Segments in the Company's 2006 Annual Report on Form 10-K. |
| 2 |
Payroll/Benefits includes all costs for active employees on an accrual basis for gross wages and salaries, variable compensation, bonuses and all fringe benefits such as pension, life insurance, unemployment insurance, medical and dental plans. |
| 3 |
Data for 2005 does not include Novelis data while data for 2004 includes a small portion of Novelis (former Alcan plants), but does not include data for the plants transferred to Novelis that were former Pechiney plants. |
| 4 |
Alcan's research and development (R&D) comprises a system of research laboratories, applied engineering centres and plant technical departments covering all major markets and regions. For further details, refer to Part I, Item 1E – Research and Development in the Company's 2006 Annual Report on Form 10-K. |
| 5 |
Capital employed is the sum of total debt and borrowings, net deferred income taxes, minority interests, preference shares, common shareholders’ equity and net assets held for sale. |
| 6 |
Operating return on capital employed is operating earnings excluding the impact of minority interests and after-tax interest expense (using a Canadian statutory tax rate of 33% for 2006 and 32% for 2005 and 2004) divided by average capital employed. Operating earnings is Income from continuing operations adjusted for Foreign currency balance sheet translation and Other Specified Items as defined in the Glossary section of this Report. |
| 7 |
Cumulative total shareholder return on $100 invested in Alcan Inc. shares as at December 31, 2001, assuming the reinvestment of all dividends. For further details, please refer to Performance Graphs in the Company's 2007 Proxy Circular. |
| 8 |
In 2006, Alcan refined its definitions of environmental events. The new definitions make previous periods incomparable to 2006. |
| 9 |
As of 2003, all new sites (acquired or commissioned by Alcan) are required to fulfill certification within two years. By the end of 2006, Alcan had met its objective of 100% certification for all sites acquired prior to 2004. |
| 10 |
Year-to-date rate as at the end of June 2007 was 0.80. |
| 11 |
Year-to-date rate as at the end of June 2007 was 0.26. |
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