ATI INVESTOR PRESENTATION

© 2012 ATI. All rights reserved.

Dan Greenfield, VP Investor Relations and Corporate

CommunicationsJune 13, 2012

© 2012 ATI. All Rights Reserved. June 2012 2

Forward Looking Statements

This presentation contains forward-looking statements. Actual results may differ

materially from results anticipated in the forward-looking statements. These and

additional risk factors are described from time to time in the Company’s filings with the

Securities and Exchange Commission, including its Annual Report on Form 10-K for

the year ended December 31, 2011.


Aerospace and Defense 29%

Oil & Gas/Chemical

Process Industry 21%

Electrical Energy 15%

Medical 5%

Automotive 7%

Construction and Mining 6%

Food Equipment and Appliance 5%

Transportation 4%

Other 2%Electronics/Communications/Computers 3%

Machine and Cutting Tools 3%

Diversified Markets Percentage of ATI’s Sales

35% Direct International Sales

Jet Engine 15% (+71% y-o-y)Airframe 8% (+18% y-o-y)Government/Defense 6%

2011: $5.2 Billion

Aerospace and Defense 32%

Oil & Gas/Chemical

Process Industry 21%

Electrical Energy 11%

Medical 4%

Automotive 8%

Construction and Mining 8%

Food Equipment and Appliance 4%

Transportation 4%

Other 2%Electronics/Communications/Computers 3%

Machine and Cutting Tools 3%

38% Direct International Sales

Jet Engine 17% (+61% y-o-y)Airframe 10% (+35% y-o-y)

Government/Defense 5%

Q1 2012: $1.4 BillionImproved Demand From Key Growth

Markets + Addition of ATI Ladish


Diversified Products - 2011 Percentage of ATI’s Sales

Nickel-based & Specialty Alloys

25%

Titanium & Titanium Alloys 14%

Precision & Engineered Strip

12%

Grain-Oriented Electrical Steel 6%

78% High-Value

Products

Standard Stainless Products 11%

Specialty Stainless Sheet 10%

Precision Forging and Castings 9%

Tungsten Materials 7%

Exotic Alloys 5%

Iron Castings 1%

2008 & 2011

2008

2009

2009

2009

2004

2011

2011

2011

2011

2011

2011

20102008

5June 2012© 2012 ATI. All Rights Reserved.


Raw Material

Melt & Remelt

Hotwork& Finish

Mill Products Shapes

Forgings & Castings

Ti Ni Ti Ni Ti Ni Ti Ni Ti Ni Ti Ni

ATIVSMPO-AVISMA

Timet

RTI

PCP

Carpenter

Inoxum

Ti: Titanium and Titanium Alloys; Ni: Nickel-based Alloys and Specialty Alloys

Extruded shape Powder shape CastingFastener stock shape

ATI’s Unique Aerospace Supply Chain


Aerospace Growth TrendsTitanium intensive airframes

• Near-net-shapes, titanium investment castingsMore fuel efficient, hotter burning engines

• Requires complex titanium alloys to withstand greater pressure‒ ATI 17™ Alloy‒ ATI 6-2-4-2™ Alloy‒ Titanium Aluminides

• Requires complex nickel-based superalloys to withstand higher temperatures‒ ATI 718Plus® Alloy‒ Rene 65 Alloy

o Unprecedented development timeo Mill product to forged and machined part

‒ Powder MetalsRecord OEM backlogs and unprecedented production rate ramp

PAM – melt preferred


2012 2013 2014 2015 2016 2017

Single aisle

B737 35 38 42 42

A320 40 42 42 42

Total 75 80 84 84

B737MAX EIS

A320neo EIS

Large

B777 7 8.3 8.3 8.3

B787 5 10 10 10

B747 2 3 2 2

A380 3 3.5 3.5 3.5

A330 9.5 9.5 10 10

Total 26.5 34.3 33.8 33.8

A350XWB EIS

Unprecedented Announced Build Rate IncreasesExpected Monthly Build Rates

Increasing Legacy Build Rates + Ramp-up Next-Generation + Developing Future Generation

Source: Company and Analyst Reports

EIS: Entry into service


2008

2007/2012

2008

2008

2007

2010

2009

2009

ATI Products Service the

Full Industry

ATI Oil & Gas Provides Materials for:Down-HoleDrill bits, MWD & LWD non-mag collars, completion tools, injection lines, shielding.

SubseaFlow lines, jumpers, risers, umbilicals, marine banding.

TopsidePiping, heat exchangers, racks, ladders, supports, cable trays, insulation wrap, fire & blast walls, water systems.

ProcessingDownstream refinery, gas separation, pipe transport, liquefaction and revaporizing.

UnconventionalSour service, shale gas, tar sands, heavy oils, oil shale, biofuels.

We Also Provide Technical KnowledgeMetallurgical knowledge for new materials, welding, corrosion and fabrication.

© 2012 ATI Oil & Gas. All rights reserved. 14


Hot-Rolling and Processing Facility


$2 Billion in Potential New Annual Revenue Growth (2012-2016)

Strong secular growth from key marketsNew manufacturing capabilities• $3.3 billion in capital expenditures and asset acquisitions (2004-2011)• Hot-Rolling and Processing Facility (HRPF)Innovative new products (representative examples)

Aerospace & Defense Oil & Gas/CPI Electrical Energy Medical

ATI 718Plus® Alloy ATI 2003® LDS ATI 718Plus® Alloy ATI 15Mo™ Titanium

Rene 65 Alloy ATI 2102® LDS ATI NuShield™ Borated ATI 35N LoTi™ Alloy

Powder Metals Zeron 100® SDS ATI 690™ Alloy

ATI 425® Alloy OmegaBond® Tubing

Forged and cast components, rolled shapes, fastener stock, extruded shapes, precision machining

Forged and castcomponents, solidtungsten composite bodies for diamond-base drill bits, powder near-net-shapes, precision machining

Forged and castcomponents, ruthenium-based tungsten carbide for machining turbine blades

Titanium alloy seamless tubing, powder metals, Precision Rolled Strip® titanium


Why Buy ATI?Secular Growth Markets 70% of 2011 Sales• Long-term agreements with leading global companiesDiversified markets and products• Unique integrated supplier: raw materials, mill products, finished products• Technology leader$2 Billion in Potential New Annual Revenue Growth (2012 – 2016)• New manufacturing capabilities on line now• Hot-Rolling and Processing Facility to transform Flat-Rolled Products

segment (on line 2013/2014)• Innovative new products growing and gaining position nowSolid Balance Sheet• Investment-grade debtDividend yield of 2.3% at $30.88/share• Annual rate is $0.72/share

ATI INVESTOR PRESENTATION

Investor Relations

Transcript of ATI INVESTOR PRESENTATION