Slide 1: Third Quarter 2021 Earnings
Third Quarter 2021 Earnings October 28, 2021 © 2021 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: Key Takeaways – Third Quarter 2021
Key Takeaways – Third Quarter 2021 Performance Balance Sheet Strategic Progress Accelerated business recovery post-strike; Balance sheet strengthening actions extend Leveraging capabilities to accelerate profitable continued uneven aerospace recovery maturity profile and improve earnings growth; tra
Slide 4: Strategic Transformation Progress
Strategic Transformation Progress Tracking the leading indicators of success Improved Product Mix Streamline Footprint (Q3 2021) Brackenridge Accelerating aero ramp and Dept. #3 Louisville, OH* Q2 strike extending fixed flow path product Target qualifications. As a result, Target 100% by additional
Slide 5: ATI Strategic Markets & Diversified Applications
ATI Strategic Markets & Diversified Applications Near-term Q3 ‘21 Market Vs. Q2 ‘21 Vs. Q3 ‘20 Market Comments Revenue Outlook • Mixed demand growth rates continued; narrow body forgings expansion offset by specialty materials decline due to uneven supply chain inventory levels. Jet Engine $129M inl
Slide 6: Third Quarter 2021 Financial Results
Third Quarter 2021 Financial Results HPMC Segment $M (excl. EPS) Q3 2021 Q2 2021 % Chg. Q3 2020 % Chg. Significant year-over-year growth in sales and earnings led by aerospace forgings and specialty energy Revenue $726 $616 18% $598 21% Revenue: Sequential growth in specialty energy offset by lowe
Slide 7: Cash and Liquidity Update
Cash and Liquidity Update Balance Sheet and Cash Flow Cash and liquidity (1) (2) Adj. Net Debt/Adj. EBITDA Ratio: 6.28x Proforma liquidity over $800 million, including $436 million cash on hand after 2023 Notes redemption in Oct. 2021(3) $500 Managed working capital - Q3 performance $450 45.1%
Slide 8: Fourth Quarter and Full Year 2021 Outlook
Fourth Quarter and Full Year 2021 Outlook Fourth Quarter 2021 Key Assumptions Initial Earnings Drivers & Current Status Adj. EPS Aerospace demand stabilization in H1’21; modest growth in H2’21 $0.07 – $0.13 Narrow body production increases across 2021 Continued airframe supply chain destocking
Slide 9: Additional Materials Appendix
Additional Materials Appendix
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures © 2021 ATI. All rights reserved. 10
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures © 2021 ATI. All rights reserved. 11
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures © 2021 ATI. All rights reserved. 12
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures © 2021 ATI. All rights reserved. 13