Slide 1: Transformation: ATI Exits Standard Stainless Sheet Products, Redeploys Capital
Transformation: ATI Exits Standard Stainless Sheet Products, Redeploys Capital to High-Return Opportunities December 2, 2020 © 2020 ATI. All rights reserved.
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements. Actual results may differ materially from results anticipated in the forward-looking statements due to various known and unknown risks, many of which we are unable to predict or control. These and additional risk facto
Slide 3: Accelerating Our Future: Overview of ATI's Strategic Actions
Accelerating Our Future: Overview of ATI’s Strategic Actions What? Why? How? • Exiting very • Anticipate ~90% margin profile • Ceasing production activities at low-margin improvement in Advanced Alloys & five facilities by year-end 2021; standard stainless Solutions segment two already complete shee
Slide 4: Richer Revenue Mix Drives Increased Profitability
Richer Revenue Mix Drives Increased Profitability ATI Revenue Mix Leveraging Capabilities to Increase Profitability 2019 Actual Target* • Our unmatched materials science capabilities and advanced process technologies enable us to supply products for our customers’ most 52% demanding requirements 33%
Slide 5: ATI's Actions Position AA&S Segment for 15%+ Margins
ATI’s Actions Position AA&S Segment for 15%+ Margins Eliminating low-margin product … increases ATI’s focus • Significant margin lines, reducing costs, and on premium value improvement driven largely redeploying capital … end markets. by cost actions within our control AA&S Revenue AA&S EBITDA Poten
Slide 6: Streamlined Flow Path Built to Support High-Value Strategy
Streamlined Flow Path Built to Support High-Value Strategy Legacy Flow Path Streamlined Footprint • Multi-site flow path evolved over • Working capital releases largely self-fund incremental time, largely through acquisition, capital investment of $65-$85 million, spent over three years creating a w
Slide 7: Combined Segment Leadership
Combined Segment Leadership John Sims Kimberly Fields Currently EVP, High Performance Currently EVP, Advanced Alloys & Materials & Components Components (AA&S) Assumes additional responsibility for High Intends to retire in 2021 Performance Materials & Components • To retire in 2021 after nearly 25
Slide 8: Accelerating Our Future
Accelerating Our Future: Focus on specialty markets to create shareholder value through materials science and advanced process technologies Sharper focus on Create Significant differentiated Shareholder Value Exit Standard products • Deploy capital to Realigned Stainless Sheet high-value markets bus
Slide 9: Additional Materials
Additional Materials © 2020 ATI. All rights reserved.
Slide 10: 2019 Actual and Pro Forma Revenue Mix
2019 Actual and Pro Forma Revenue Mix Standard 2019 Actual 2019 Pro Forma Stainless High-Value Products High-Value Products Revenues Nickel-based Alloys and Specialty Steels 32% Nickel-based Alloys and Specialty Steels 40% 1Q19 $112.1 Titanium and Titanium Alloys 18% Titanium and Titanium alloys 21%
Slide 11: Legacy Flow Path Built to Support a High-Volume Strategy
Legacy Flow Path Built to Support a High-Volume Strategy Melting Hot Rolling Finishing & Final Processing Standard Nickel, Stainless Sheet Standard Standard Finishing Stainless & Specialty Precision Rolled Specialty Finishing Strip Finishing Stainless (Vandergrift, PA) Specialty (Brackenridge, PA) S
Slide 12: Streamlined Footprint Focused on High-Value Products
Streamlined Footprint Focused on High-Value Products Footprint as of year-end 2021 Melting Hot Rolling Finishing & Final Processing Nickel, Specialty Standard Finishing Specialty & Specialty Precision Stainless Rolled Strip (Brackenridge, PA) (Vandergrift, PA) Finishing Hot Rolling & (New Bedford, P
Slide 13: Thank you for your interest in ATI
Thank you for your interest in ATI Investor Contact: Scott Minder: 412.395.2720 © 2020 ATI. All rights reserved.
Slide 14: SAT
SAT Relentless Innovation’