Howmet Aerospace Inc. · NYSE:HWM
Howmet Aerospace — Arconic — Proxy Contest (May 2017)
22 slides from Howmet Aerospace's proxy contest presentation, May 12, 2017
Slide 1: Arconic Employees Ask You to Keep Arconic Strong and Protect the Value of Your Investment
Arconic Employees Ask You to Keep Arconic Strong and Protect the Value of Your Investment - Vote the NEW WHITE Proxy Card Today. Since 2009 we have invested more than $3 billion successfully modernizing and expanding our manufacturing plants in Indiana, Iowa, New York, Michigan, Pennsylvania, Ohio,
Slide 2: Keep Arconic Strong. Protect Your Investment. Vote Today
Arconic Who We Are What We Do Join Us Investors News Contact Message to Shareholders Proxy Nominees Vote Get the Facts Hear from Others Contact Keep Arconic Strong. Protect Your Investment. Keep Arconic Strong. Protect Your Investment. VOTE TODAY! Even if you’ve already voted, VOTE AGAIN on the NEW
Slide 3: Vote the White Card: Latest Updates
Vote the White Card Proxy Statement Arconic Nominees Get The Facts Hear From Others Latest Update: Arconic’s Director Nominees Share Their Personal Perspectives with Shareholders May 10, 2017 View Update New Presentation for Arconic Investors New Presentation for Arconic Investors May 4, 2017 View P
Slide 4: To Our Customers, We are Mission Critical
To Our Customers, We are Mission Critical Tom Enders, CEO, Airbus Group Dennis Muilenburg, Chairman, President & CEO, The Boeing Company Greg J. Hayes, Chairman, President & CEO of United Technologies Corp. David Joyce, GE Vice Chair and GE Aviation President & CEO “Elliott has shown no long-term co
Slide 5: Forward-Looking Statements
Permission to use some quotations neither sought nor obtained. Forward–Looking Statements This communication contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Slide 6: Get the Facts
Get the Facts 2017 Annual Meeting Get the Facts Letters and Press Releases Presentations and Fact Sheets News Arconic Employees Ask You to Keep Arconic Strong and Protect the Value of Your Investment The United Steelworkers, the largest industrial union in North America, May 3, 2017 www.usw.org/news
Slide 7: Don't Be Misled. Get the Facts in Black and White
DON’T BE MISLED. GET THE FACTS IN BLACK AND WHITE. Your Arconic Board Activist Hedge Fund Elliott Management Realized $8B of value over 8 years1 Twisted the truth about Arconic’s total shareholder returns Appointed an experienced Interim CEO Pushes for a CEO who is on their payroll Tried in good fai
Slide 8: Things You Should Know About Arconic
8 Things You Should Know About Arconic 1 ARCONIC HAS A NEW, HIGHLY INDEPENDENT BOARD If you vote the WHITE proxy card and Arconic’s slate is elected, 9 of 13 directors will have joined in the past 16 months, making it one of the shortest tenured Boards in the S&P 500. 2 THREE CURRENT DIRECTORS WERE
Slide 9: Elliott is Seeking Extraordinary Influence Through Questionable Tactics
Elliott is Seeking Extraordinary Influence Through Questionable Tactics To Our Customers, We are Mission Critical
Slide 10: The Facts are Clear: Arconic's Track Record is Strong
The Facts are Clear: Arconic’s Track Record is Strong 1Based on combined segment adjusted EBITDA margin. Reconciliations of non-GAAP financial measures are included in an attachment to this communication Defined Plan for Value Creation Over the Next Three Years Arconic Plans to: Arconic has already
Slide 11: Cutting-Edge Innovation
Cutting-Edge Innovation Investing in R&D for a healthy pipeline of technology to create a successful future Keep Arconic Strong. Vote the White Proxy Card: the Right Board, the Right Strategy and the Right Kind of Change.
Slide 12: Letters and Press Releases
Letters and Press Releases May 10, 2017 Arconic’s Director Nominees Share Their Personal Perspectives with Shareholders May 9, 2017 Arconic’s Board of Directors Responds to Elliott’s Continued Misleading Claims May 4, 2017 Arconic Adds Two Exceptional Director Candidates to Company Slate, Bringing V
Slide 13: Letters and Press Releases, April 2017
April 24, 2017 Arconic Postpones Annual Meeting; Is Willing to Nominate Two Elliott Director Nominees to Resolve Proxy Contest April 17, 2017 Arconic Announces Leadership Change April 11, 2017 Arconic Urges Shareholders to Ask Elliott Important Questions April 10, 2017 Customers Endorse Arconic Mana
Slide 14: Letters and Press Releases, March 2017
March 24, 2017 Arconic Board Affirms: Company has Right Leadership, Right Strategy to Deliver Shareholder Value March 17, 2017 Letter to Shareholders: Protect the Value of Your Investment March 13, 2017 Arconic Files Definitive Proxy Materials, Issues Open Letter to Shareholders: Vote the WHITE Prox
Slide 15: Letters and Press Releases, January-February 2017
February 6, 2017 Independent Directors of Arconic Board Publish Letter to Shareholders January 31, 2017 The 12 Independent Directors of Arconic – Three of Whom Were Nominated by Elliott – Support Arconic Management and Klaus Kleinfeld as Chairman and CEO
Slide 16: Presentations and Fact Sheets
Presentations and Fact Sheets May 12, 2017 Arconic Employees Ask You to Keep Arconic Strong and Protect the Value of Your Investment May 11, 2017 Elliott Management is an Activist Investor. Don’t Be Misled. Get the Facts in Black and White.
Slide 17: Presentations: Things You Should Know About Arconic
May 8, 2017 8 Things You Should Know About Arconic May 4, 2017 Arconic’s Board Has Deep Experience and Is Focused on Creating Shareholder Value
Slide 18: Presentations: New Presentation for Arconic Investors
May 4, 2017 New Presentation for Arconic Investors April 10, 2017 Key Arconic Customers – Airbus, Boeing, United Technologies and GE Aviation - Endorse Company Management Team and Strategy
Slide 19: Presentations: The Facts on Shareholder Wealth
April 5, 2017 The Facts: Arconic Leadership Has Delivered $8B in Shareholder Wealth Over the Last 8 Years1 March 31, 2017 Keep Arconic Strong. Protect the Value of Your Investment.
Slide 20: Presentations: Driving Value Through Focused Execution and Innovation
March 27, 2017 Driving Value Through Focused Execution and Innovation February 6, 2017 Arconic Information
Slide 21: News
News April 11, 2017 CNBC: 3D Printing Keeps Customers on the Cutting Edge April 11, 2017 Nightly Business Report: Additive Manufacturing Cuts Time and Costs (advance to 19:50)
Slide 22: Forward-Looking Statements
Forward–Looking Statements This communication contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words