lient then ROC Sum of the Parts Alcoa Valuation 1,80 1t60 pa 0 P20 Ivo 910 160 • SAO 120 a0 Global a/Wrina each Cury• by MIMI MN° A A11C McoliPeny Awe 403111C • yaio Nceby • ArocOc y10.1 10110 601131011• marson ramp, WSAv Ns* con otpanwer Orar0Y1 WSW Mier e "OlIC OS 132% Maine 1