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© 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.
© 2012 ATI. All Rights Reserved. June 2012 3
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
© 2012 ATI. All Rights Reserved. June 2012 4
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.
© 2012 ATI. All Rights Reserved. June 2012 6
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
© 2012 ATI. All Rights Reserved. June 2012 7
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 ATI. All Rights Reserved. June 2012 8
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
© 2012 ATI. All Rights Reserved. June 2012 9
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
© 2012 ATI. All Rights Reserved. June 2012 11
Hot-Rolling and Processing Facility
© 2012 ATI. All Rights Reserved. June 2012 12
$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
© 2012 ATI. All Rights Reserved. June 2012 13
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
© 2012 ATI. All rights reserved.