Slides presented during Alcoa Inc. first quarter 2008 earnings call

[Alcoa logo]

April 7, 2008

Quarter 2008 Analyst Conference

Exhibit 99.2

[Alcoa logo]

Forward Looking Statements

Today’s discussion may include “forward-looking statements”

within the meaning of the Private Securities Litigation Reform

Act of 1995. Such statements relate to future events and

expectations and involve known and unknown risks and

uncertainties. Alcoa’s actual results or actions may differ

materially from those projected in the forward-looking

statements. For a summary of the specific risk factors that

could cause results to differ materially from those expressed

in the forward-looking statements, please refer to Alcoa’s

Form

10-K

for

the

year

ended

December

31,

2007

filed

with

the Securities and Exchange Commission.

[Alcoa logo]

Executive Vice President and Chief Financial Officer

Chuck McLane

[Alcoa logo]

Quarter 2008 Financial Overview

–

Income from continuing operations of $303m or $0.37

per share -

$361m or $0.44 per share excluding the

impact of restructurings

–

Revenues of $7.4b

–

Currency impact of $68m or $0.08 per share

sequentially, including $48m, or $0.06 per share non-

cash translation

–

Segment ATOI increased 42% excluding Packaging

–

Debt-to-cap at 31.5%

–

Trailing four quarters ROC of 10.7%; 13.5% excluding

growth

[Alcoa logo]

Quarter 2008 Financial Overview

$ In Millions

4Q'07

1Q'08

Change

Sales

$7,387

$7,375

($12)

Cost of Goods Sold

$6,153

$5,892

($261)

% of Sales

83.3%

79.9%

(3.4 pts)

SG&A

$383

$328

($55)

% of Sales

5.2%

4.4%

(0.8 pts)

Restructuring and Other Charges

($14)

$38

$52

Interest Expense

$81

$99

$18

Other (Income)/Expense

($78)

$58

$136

Effective Tax Rate

-44.8%

35.6%

80.4 pts

Minority Interests

$64

$67

GAAP Net Income

$632

$303

($329)

Income from Discontinued Operations

($8)

GAAP Income From Continuing Operations

$624

$303

($321)

[Alcoa logo]

Quarter vs. 1

Quarter Comparison

[Alcoa logo]

1Q’08

4Q’07

1Q’07

1,995

2,030

1,877

3 Party Shipments (kmt)

3,870

3,855

3,655

Production (kmt)

680

688

645

3 Party Revenue ($MM)

169

205

260

ATOI ($MM)

Flat production sequentially

Lower LME linked pricing

Unfavorable currency & energy costs

Pinjarra

at targeted expansion

production rate

Alumina

Quarter Highlights

Quarter Outlook

Prices to follow approximate two-month

lag

Production at 1Q levels

Continued pressure from fuel oil and

natural gas prices

Currency risk

Quarter Business Conditions

$100

$120

$140

$160

$180

$200

$220

$240

$260

$280

$300

1Q07

2Q07

3Q07

4Q07

1Q08

$800

$900

$1,000

$1,100

$1,200

$1,300

$1,400

$1,500

$1,600

ATOI

Total Revenue

[Alcoa logo]

Quarter Highlights

307

196

504

ATOI ($MM)

2,801

2,646

2,902

3 Party Price ($/MT)

1,877

1,597

1,633

3 Party Revenue ($MM)

1Q’08

4Q’07

1Q’07

665

624

518

3 Party Shipments (kmt)

995

959

899

Production (kmt)

Primary Metals

Quarter Outlook

Quarter Business Conditions

Higher realized pricing sequentially

4% production increase sequentially

Iceland running at 70% capacity for the

quarter; at 90% by quarter-end

Unfavorable currency impact

Higher costs for carbon products

Anticipate 3% production increase

sequentially

Improved efficiencies at Iceland

Currency risk

Energy & input cost pressures

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

$550

1Q07

2Q07

3Q07

4Q07

1Q08

$1,500

$1,700

$1,900

$2,100

$2,300

$2,500

$2,700

$2,900

$3,100

$3,300

ATOI

Total Revenue

[Alcoa logo]

Improved Russia results

Weak automotive demand in North

America

Higher costs for alloying materials &

transportation

1Q’08

4Q’07

1Q’07

(15)

ATOI ($MM)

2,492

2,436

2,467

Party Revenue

($MM)

Flat-Rolled Products

Quarter Highlights

Quarter Outlook

Quarter Business Conditions

Improved Russia performance

Seasonal increases in can sheet market

General industrial climate weak in North

America and Europe

-$40

-$20

$20

$40

$60

$80

$100

1Q07

2Q07

3Q07

4Q07

1Q08

$1,500

$1,700

$1,900

$2,100

$2,300

$2,500

$2,700

ATOI

Third Party Revenue

[Alcoa logo]

Engineered Products and Solutions

Building and Construction

and Other

(11)

4Q’07

Total

Investment Castings,

Forgings, Fasteners

AFL, Auto Castings and

Structures

105

107

(10)

1Q’07

138

136

(5)

1Q’08

Revenue and ATOI record quarter

Aerospace and IGT markets continue to

show strength

Deteriorating North American

automotive market offset by

restructuring efforts

Strong productivity across Investment

Castings, Fasteners, and Forgings

ATOI ($MM)

Quarter Business Conditions

Quarter Outlook

Aerospace and IGT strength to continue

Continued softness in North American

automotive and heavy truck build rates

Seasonal increase in building and

construction revenues

$20

$40

$60

$80

$100

$120

$140

$160

1Q07

2Q07

3Q07

4Q07

1Q08

$800

$1,000

$1,200

$1,400

$1,600

$1,800

$2,000

$2,200

ATOI

Third Party Revenue

[Alcoa logo]

Quarter 2008 Cash Flow Review

$ In Millions

1Q 07

1Q 08

Net Income

$662

$303

DD&A

304

319

Change in Working Capital

(187)

(467)

Other Adjustments

(202)

(424)

Pension Contributions

(50)

(19)

Cash From Operating Activities

$527

($288)

Dividends to Shareholders

(148)

(140)

Change in Debt

509

416

Dividends to Minority Interests

(158)

(39)

Contributions from Minority Interests

114

118

Share Repurchases

(88)

(430)

Share Issuances

Other Financing Activities

(101)

(2)

Cash From Financing Activities

$210

($55)

Capital Expenditures

(783)

(748)

Sales of Assets

2,490

Other Investing Activities

(45)

(1,517)

Cash From Investing Activities

($828)

$225

[Alcoa logo]

Primary Aluminum Consumption Growth Rates

Source: Alcoa analysis

[Alcoa logo]

Source: IAI and LME

Global Days of Consumption

[Alcoa logo]

Supply / Demand Projection

Source: Alcoa analysis

[Alcoa logo]

2008 Market Outlook and Impact

[Alcoa logo]

Chairman and Chief Executive Officer

Alain J.P. Belda

[Alcoa logo]

President and Chief Operating Officer

Klaus Kleinfeld

[Alcoa logo]

Global Mega Trends Generate Growth Opportunities

Infrastructure

Investment

Increasing Mobility

Shortening of Natural

Resources

Mega Trends

Demographics

Shifting Economies

Demand for Safety &

Security

Aging Population

Effects

Globalization

Urbanization

Opportunities

Global Warming

Advanced Energy

Exploration& Solutions

Sustainable

Construction Materials

Growth of

Mass Transportation

Lightweight & Energy

Efficient Transportation

Aerospace Growth

Recyclable Content

[Alcoa logo]

8.2

10.6

4.6

7.3

5.6

Strong Demand for Aluminum Continues

World Aluminum Consumption

(million metric tons)

Source: Brook Hunt, Alcoa analysis

1998

China

Rest of

Asia

2.8

6.7

3.6

North

9.2

8.6

29.1

2017

East Eur/

Mid East/

Africa

W.Europe

South

6.7

5.2

12.0

2007

Europe/ME/

Africa

Americas

Asia

2.5

0.8

1.3

2.6

6% CAGR

12%

[Alcoa logo]

Alcoa: A History of Growth & Innovation

2008

1950

We reshaped

the industry

We innovated

markets

We invented

the industry

1888

1900

[Alcoa logo]

We Have Strengthened the Foundation

Executed Growth Projects

Adjusted Portfolio

Applied Disciplined Capital Management

[Alcoa logo]

We Have Been Investing For Profitable Growth

Expand Mining & Refining

Start-up Fjaardaal Smelter

Grow Power Self-Generation

Power Contract Extensions

Expand Rolling Footprint

Two Fastening System

Acquisitions

[Alcoa logo]

Execution &

completion

2008-2010

Feasibility

2010-2015

Future options

Greenland

Australia

Surinam

Vietnam

Juruti

Wagerup 3

Vietnam

Sao Luis

Jamaica

Greenland

Massena

B. Comeau

Mosjoen

Sao Luis

Fjardaal

Pinjarra

Mining

Refining

Power

Smelting

We Have a Robust Portfolio of Development Options

N Iceland

[Alcoa logo]

We Have Focused Our Portfolio

Completed Packaging Sale

Created Soft Alloy Extrusion JV

Sold Auto Castings Business

Chinalco

Partnership

[Alcoa logo]

Alcoa & Chinalco Have a History of Partnership

Builds on a history of cooperation

Global partners of choice

Flexibility to deliver shareholder value

Active dialogue on next steps

[Alcoa logo]

We Demonstrate Disciplined Capital Management

–

Restructured

debt

portfolio

–

doubled

average

maturity

same

cost

–

Increased dividend

by 13%

–

Maintained

target

debt

levels

during

peak

capex

period

–

Initiated & acting on 25% share repurchase

Debt to Total Capital Percentage

Target

Debt/Cap

Range

2006

2007

2008

$200

$350

$500

$650

$800

20%

25%

30%

35%

40%

Growth Capex

Debt/Cap

[Alcoa logo]

Driving Performance through Three Strategic Priorities

Alcoa Advantage

creating value for

all businesses

Profitable

Growth

in every business

–

Talent

–

Technology

–

Customer Intimacy

–

Purchasing

–

Operating System

Business Programs

that define:

–3-year aspirations

–Priority levers

–Accountability

Disciplined Execution

across all activities

Alcoa’s Three Strategic Priorities

[Alcoa logo]

Strategic Priority #1: Profitable Growth

Disciplined

Execution

across all activities

–

Talent

–

Technology

–

Customer Intimacy

–

Purchasing

–

Operating System

Alcoa Advantage

creating value for

all businesses

Alcoa’s Three Strategic Priorities

Profitable

Growth

in every business

Business Programs

that define:

–3-year aspirations

–Priority levers

–Accountability

[Alcoa logo]

Great Opportunities for Primary Business

–

Attractive industry fundamentals

–

World class positions in bauxite and refining

–

Long-term energy supply

–

Balanced greenfield/brownfield

growth opportunities

–

Sustainability Leader = Partner of Choice

Operational

Excellence

Growth

Asset

Management

Strategic

Levers

–

Maximize

repowered

assets

–

Leading

technology

and project

solutions

–

Drive

industry-

leading

productivity

–

Ensure

procurement

excellence

–

Utilize

varied

equity &

financing

approaches

–

Progress

continually

on MOUs

–

Continue

construction

cost

controls

–

Manage

assets as

global

system

Priorities

Foundation

[Alcoa logo]

Flat Rolled Business is Excellently Positioned

–

Unique capabilities, equipment, and proprietary alloys

–

Demonstrated ability to achieve operational excellence

–

Global footprint to support expanding customers’

growth

Operational

Excellence

Growth

Asset

Management

Strategic

Levers

–

Deliver on

China &

Russia

–

Leverage

distinctive

R&D

capabilities

–

Extend best

practices to

global

system

–

Continue to

create and

capture

high-end

segments:

•

Defense

•

Consumer

Electronics

•

Oil & Gas

–

Optimize

global

presence

Priorities

Foundation

[Alcoa logo]

Great Value Potential in Engineered Products & Solutions

–

Differentiated positions in attractive core markets

•

Aerospace & power generation components

•

Commercial transportation

•

Architectural solutions

–

Consistent growth in earnings & returns

–

New product focus

Operational

Excellence

Growth

Asset

Management

Strategic

Levers

–

Pursue

profitable

growth

targets

–

Restructure

automotive

businesses

–

Achieve Best

in Class

each

business

–

Capitalize on

Megatrends

•

Transport.

•

Aero

•

B&C

•

Energy

–

Optimize

global

presence

Priorities

Foundation

[Alcoa logo]

Alcoa Fastening Systems –

Successful & Growing

Profitable Growth Driven By:

–

Innovation leadership

–

Superior products

–

Customer intimacy

–

ABS deployment

Republic/Van Petty Acquisitions:

–

Increased scale

in aero-engine

and airframe fasteners

–

Cost synergies

through ABS

deployment

–

Opportunity for increased

product innovation

13 % CAGR

38 % CAGR

Aerospace Revenue

Aerospace Net Margin

Indexed to 2003 = 100

100

200

2003

2004

2005

2006

2007

100

200

300

400

2003

2004

2005

2006

2007

[Alcoa logo]

Gain Traction Through More Disciplined Execution

•

Disciplined

Execution

across all activities

Alcoa Advantage

creating value for

all businesses

•

Talent

•

Technology

•

Customer Intimacy

•

Purchasing

•

Operating System

Alcoa’s Three Strategic Priorities

Profitable

Growth

in every business

Business Programs

that define:

•

3-year aspirations

•

Priority levers

•

Accountability

[Alcoa logo]

Demonstrate More Alcoa Advantage

Disciplined

Execution

across all activities

Alcoa Advantage

creating value for

all businesses

•

Talent

•

Technology

•

Customer Intimacy

•

Purchasing

•

Operating System

Alcoa’s Three Strategic Priorities

Profitable

Growth

in every business

Business Programs

that define:

•

3-year aspirations

•

Priority levers

•

Accountability

[Alcoa logo]

Five Sources for More Alcoa Advantage

[Alcoa logo]

Our Innovation & Technology Continue to Lead to Market Potential

Recycling

Alloy Development

Surface Enhancements

Process Improvements

Design Expertise

Customer Solutions

[Alcoa logo]

Five Sources for More Alcoa Advantage

[Alcoa logo]

Alcoa: Great Past, Present, and Future

2008

We reshaped

the industry

We innovated

markets

We invented

the industry

1888

1900

Alcoa can’t wait

for tomorrow

[Alcoa logo]

Greg Aschman

Director, Investor Relations

Alcoa

390 Park Avenue

New York, N.Y. 10022-4608

Telephone: (212) 836-2674

Facsimile: (212) 836-2813

www.alcoa.com

For Additional Information, Contact:

[Alcoa logo]

[Alcoa logo]

APPENDIX

[Alcoa logo]

[Alcoa logo]

Reconciliation of Adjusted Income

(in millions, except per share amounts)

[Alcoa logo]

Reconciliation of ATOI to

Consolidated Net Income

$ 303

$ 2,564

$ 632

$ 555

$ 715

$ 662

Consolidated net income

(98)

741

303

446

(22)

Other

–

(7)

(3)

(1)

(11)

Discontinued operations

(30)

(307)

(311)

(18)

Restructuring and other charges

(82)

(388)

(100)

(101)

(86)

Corporate expense

(67)

(365)

(64)

(76)

(110)

(115)

Minority interests

(64)

(261)

(53)

(98)

(56)

(54)

Interest expense

Interest income

(31)

(24)

(16)

(27)

Impact of LIFO

Unallocated amounts (net of tax):

$ 666

$ 3,135

$ 518

$ 678

$ 991

$ 948

Total segment ATOI

1Q08

2007

4Q07

3Q07

2Q07

1Q07

(in millions)

In the first quarter of 2008, management approved a realignment of Alcoa's reportable segments to better reflect the core businesses in which Alcoa

operates

and

how

managed.

This

realignment

consisted

eliminating

the

Extruded

and

End

Products

segment,

and

realigning

its

component

businesses as follows: the building and construction systems business will be reported in the Engineered Products and Solutions segment; the hard alloy

extrusions business and the Russian extrusions business will be reported in the Flat-Rolled Products segment; and the remaining segment

components,

consisting

primarily

the

equity

investment/income

Alcoa's

interest

the

Sapa

joint

venture,

and

the

Latin

American

extrusions

business,

will

reported

Corporate.

Additionally,

the

Russian

forgings

business

will

moved

from

the

Engineered

Products

and

Solutions

segment

the

Flat-Rolled

Products

segment,

where

total

Russian

operations

will

now

reported.

Prior

period

amounts

have

been

reclassified

reflect the new segment structure. Also, the Engineered Solutions segment was renamed the Engineered Products and Solutions segment.

[Alcoa logo]

Return on Capital (ROC) is presented based on Bloomberg Methodology which calculates ROC based on trailing

four quarters.

Reconciliation of Return on Capital

1Q'08

4Q'07

3Q'07

2Q'07

1Q'07

4Q'06

3Q'06

2Q'06

1Q'06

Bloomberg

(In Millions)

Method

Net income

$2,205

$2,564

$2,291

$2,273

$2,302

$2,248

$2,113

$1,865

1,581

Minority interests

$317

$365

$399

$432

$446

$436

$418

$368

304

Interest expense (after-tax)

$266

$262

$246

$270

$281

$291

$272

$268

$274

Numerator (sum total)

$2,788

$3,191

$2,936

$2,975

$3,029

$2,975

$2,803

$2,501

$2,159

Average Balances

Short-term borrowings

$524

$516

$497

$451

$441

$386

$349

$303

$342

Short-term debt

$358

$356

$525

$359

$360

$284

$449

$55

$53

Commercial paper

$864

$1,164

$1,275

$1,169

$972

$1,192

$1,678

$1,501

$1,652

Long-term debt

$6,374

$5,574

$5,390

$5,709

$5,767

$5,027

$4,915

$5,333

$5,243

Preferred stock

$55

Minority interests

$2,320

$2,130

$1,927

$1,809

$1,669

$1,583

$1,416

$1,340

$1,280

Common equity

$15,563

$15,269

$15,255

$15,571

$14,621

$13,947

$14,120

$13,834

$13,611

Denominator (sum total)

$26,058

$25,064

$24,924

$25,123

$23,885

$22,474

$22,982

$22,421

$22,236

Return on Capital

10.7%

12.7%

11.8%

12.7%

13.2%

12.2%

11.2%

9.7%

[Alcoa logo]

Return on capital, excluding growth investments is a non-GAAP financial measure. Management believes that this measure

is meaningful to investors because it provides greater insight with respect to the underlying operating performance of the

company’s productive assets. The company has significant growth investments underway in its upstream and downstream

businesses, as previously noted, with expected completion dates over the next several years. As these investments

generally require a period of time before they are productive, management believes that a return on capital measure

excluding these growth investments is more representative of current operating performance.

Reconciliation of Adjusted Return on Capital

1Q'08

4Q'07

3Q'07

2Q'07

1Q'07

4Q'06

3Q'06

2Q'06

1Q'06

Bloomberg

(In Millions)

Method

Numerator (sum total)

$2,788

$3,191

$2,936

$2,975

$3,029

$2,975

$2,803

$2,501

$2,159

Russia, Bohai, and Kunshan

net losses

($96)

($91)

($57)

($51)

($79)

($74)

($85)

($78)

($86)

Adjusted numerator

$2,884

$3,282

$2,993

$3,026

$3,108

$3,049

$2,888

$2,579

$2,245

Average Balances

Denominator (sum total)

$26,058

$25,064

$24,924

$25,123

$23,885

$22,474

$22,982

$22,421

$22,236

Capital projects in progress and

Russia, Bohai, and Kunshan

capital base

$4,730

$4,620

$4,430

$4,521

$3,945

$3,655

$2,540

$2,330

$2,139

Adjusted denominator

$21,328

$20,444

$20,494

$20,602

$19,940

$18,819

$20,442

$20,091

$20,097

Return on capital, excluding

growth investments

13.5%

16.1%

14.6%

14.7%

15.6%

16.2%

14.1%

12.8%

11.2%

[Alcoa logo]

Days of Working Capital

$ 6,878

$ 6,482

$ 6,472

Adjusted Sales (b)

50.7

44.6

55.5

Days of Working Capital

497

905

1,436

Packaging and Consumer, Soft Alloy Extrusions, and

Auto Castings

$ 7,375

$ 7,387

$ 7,908

Sales

$ 3,832

$ 3,141

$ 3,992

Working Capital

2,895

2,787

2,287

Less: Accounts payable, trade

3,679

3,326

3,309

Add: Inventories

$ 3,048

$ 2,602

$ 2,970

Receivables from customers, less allowances

March 31,

2008

December 31,

2007

March 31,

2007 (a)

(in millions)

Quarter ended

Days of Working Capital = Working Capital divided by (Adjusted Sales/number of days in the quarter)

(a)

Certain financial information for the quarter ended March 31, 2007 has been reclassified to reflect the movement of the automotive castings and

packaging and consumer businesses to held for sale in the third quarter of 2007.

(b)

Adjusted Sales is a non-GAAP financial measure and is being used to calculate Days of Working Capital to be consistent with the fact that the

working capital components of the above mentioned divested businesses were classified as held for sale, and, therefore, are not included in the

Working Capital amounts above.

[Alcoa logo]

Segment Realignment Detail

In the first quarter of 2008, management approved a realignment of Alcoa's reportable segments to better reflect the core businesses in which Alcoa operates and how it is

managed.

This

realignment

consisted

eliminating

the

Extruded

and

End

Products

segment,

and

realigning

its

component

businesses

follows:

the

building

and

construction

systems

business

will

reported

the

Engineered

Products

and

Solutions

segment;

the

hard

alloy

extrusions

business

and

the

Russian

extrusions

business

will be reported in the Flat-Rolled Products segment; and the remaining segment components, consisting primarily of the equity investment/income of Alcoa's interest in the

Sapa AB joint venture, and the Latin American extrusions business, will be reported in Corporate. Additionally, the Russian forgings business will be moved from the

Engineered

Products

and

Solutions

segment

the

Flat-Rolled

Products

segment,

where

total

Russian

operations

will

now

reported.

Prior

period

amounts

have

been

reclassified to reflect the new segment structure. Also, the Engineered Solutions segment was renamed the Engineered Products and Solutions segment.

FLAT-ROLLED PRODUCTS SEGMENT

1Q06

2Q06

3Q06

4Q06

2006

1Q07

2Q07

3Q07

4Q07

2007

Third-Party Shipments, as previously reported (kmt)

562

579

568

564

2,273

568

583

602

574

2,327

Add: Hard alloy extrusions, Russia forgings and extrusions

114

Third-Party Shipments, as reclassified

590

608

598

593

2,387

597

612

632

600

2,441

Third-Party Sales, as previously reported (in millions)

1,940

2,115

2,127

8,297

2,275

2,344

2,309

2,243

9,171

Add: Hard alloy extrusions, Russia forgings and extrusions

160

166

178

194

698

192

191

185

193

761

Third-Party Sales, as reclassified

2,100

2,281

2,293

2,321

8,995

2,467

2,535

2,494

2,436

9,932

ATOI, as previously reported (in millions)

255

(16)

200

Add: Hard alloy extrusions, Russia forgings and extrusions

(4)

(5)

(1)

(0)

(11)

(2)

ATOI, as reclassified

244

(15)

204

ENGINEERED PRODUCTS AND SOLUTIONS SEGMENT

1Q06

2Q06

3Q06

4Q06

2006

1Q07

2Q07

3Q07

4Q07

2007

Third-Party Shipments, as previously reported (kmt)

139

112

Add: Building and construction systems

Less: Russia Forgings and other

Third-Party Shipments, as reclassified

227

207

Third-Party Sales, as previously reported (in millions)

1,360

1,405

1,345

1,346

5,456

1,449

1,478

1,407

1,391

5,725

Add: Building and construction systems

Less: Russia Forgings and other

184

210

234

222

850

227

237

255

275

994

Third-Party Sales, as reclassified

1,544

1,615

1,579

1,568

6,306

1,676

1,715

1,662

1,666

6,719

ATOI, as previously reported (in millions)

100

331

105

316

Add: Building and construction systems

Less: Russia Forgings and other

ATOI, as reclassified

113

382

105

119

382

[Alcoa logo]

Reconciliation of Segment Information

(aluminum shipments in thousands of metric tons; dollars in millions)

Reconciliation of third-party aluminum

shipments:

1Q07

2Q07

3Q07

4Q07

2007

1Q08

Total segment third-party aluminum shipments

1,205

1,269

1,304

1,318

5,096

1,342

Corporate:

Automotive Castings

–

Soft Alloy Extrusions (contributed to Sapa AB)

136

–

206

–

Other U.S. Soft Alloy Extrusions

–

Latin America Extrusions

Total Corporate

160

297

Consolidated third-party aluminum shipments

1,365

1,364

1,328

1,336

5,393

1,357

Reconciliation of third-party sales:

1Q07

2Q07

3Q07

4Q07

2007

1Q08

Total segment third-party sales

$ 7,157

$ 7,545

$ 7,248

$ 7,274

$29,224

$ 7,318

Corporate:

Automotive Castings

132

–

Soft Alloy Extrusions (contributed to Sapa AB)

634

407

–

1,041

–

Other U.S. Soft Alloy Extrusions

–

Latin America Extrusions

241

Other

(3)

(15)

(14)

Total Corporate

751

521

139

113

1,524

Consolidated third-party sales

$ 7,908

$ 8,066

$ 7,387

$30,748

$ 7,375

[Alcoa logo]

Adjusted Income Statement Items