Commissioning and ramping up of the fourth roll coat line at the Warrick rolling mill to shift the packaging product mix toward higher-value coated products.

Expected impact: Converts approximately 25% of existing packaging capacity to higher-margin coated products, driving a single-digit uplift in packaging margins.

Expansion of heat-treat and plate production capabilities at the Trentwood rolling mill to meet growing demand for aerospace and general engineering applications.

Expected impact: Increases capacity for high-value flat-rolled products, positioning the company to benefit from the recovery in commercial aviation build rates.

Shifting corporate focus from major capital investment execution to harvesting returns, reducing manufacturing costs, and maximizing operating leverage.

Expected impact: Aims to drive long-term Adjusted EBITDA margins toward the mid-to-high 20% range and generate strong free cash flow to support deleveraging.