Howmet Aerospace Inc. · NYSE:HWM
Howmet Aerospace — Arconic — Proxy Contest (March 2017)
9 slides from Howmet Aerospace's proxy contest presentation, Mar 31, 2017
Slide 1: Keep Arconic Strong. Vote FOR Arconic's Directors on the WHITE Proxy Card
ARCONIC Innovation, engineered. Keep Arconic Strong. PROTECT THE VALUE OF YOUR INVESTMENT. Make YOUR vote count. Vote FOR Arconic’s Directors and governance proposals on the enclosed WHITE proxy card today.
Slide 2: Vote FOR Arconic's Five Qualified Director Nominees
As you may know, Elliott Management, an activist hedge fund, is seeking to replace four of your company’s directors with four Elliott-picked nominees and is insisting that your company’s Board of Directors replace Arconic’s Chief Executive Officer, Klaus Kleinfeld, with Elliott’s hired consultant. Y
Slide 3: The Facts are Clear: Arconic's Track Record Is Strong
The Facts are Clear: Arconic’s Track Record Is Strong MARGINS MORE THAN DOUBLED 2008 – 2016 1 $13 BILLION IN NEW AEROSPACE CONTRACTSsince 2015 INDUSTRY LEADERSHIP ~80% of 2016 revenue from #1 or #2 market positions FORTUNE MOST ADMIRED METALS COMPANY since 2012 SHAREHOLDER VALUE Since the separation
Slide 4: Arconic Has a Defined Plan to Deliver Value to Shareholders
Arconic Has a Defined Plan to Deliver Value to Shareholders 2008–2009 Saved the company Strategic Transformation Over the Next Three Years Arconic Plans to: Grow revenue 7-8% per year 1 Increase profitability by expanding margins from 16.6% to ~19%2 Reduce Debt by $1 billion in 2017 Double Free Cash
Slide 5: Your Board Unanimously Supports Management and Arconic's Strategy
VOTE THE WHITE PROXY CARD TODAY Your Board Unanimously Supports Management and Arconic’s Strategy Strong Customer Relationships Our people make the products that supply industry leaders, including GE, Pratt & Whitney, Boeing, Airbus and Ford. Cutting-Edge Innovation Investing in R&D for a healthy pi
Slide 6: Director nominee biographies
Amy E. Alving Joined November 2016—Technology leader whose 23-year career spans business, government, defense and academia—Former CTO of Science Applications International Corporation (SAIC), one of the largest U.S. defense contractors; Former Director, Special Projects Office at DARPA, a highly res
Slide 7: Arconic's Board Is Independent, Engaged and Committed to Good Governance
Arconic’s Board Is Independent, Engaged and Committed to Good Governance Independent, action-oriented Board committed to holding management accountable 7 out of 12 independent directors added since the beginning of 2016, adding expertise and fresh perspectives Significant CEO and seniorexecutive- le
Slide 8: 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
Slide 9: Non-GAAP Financial Measures
ARCONIC Non-GAAP Financial Measures Some of the information included in this communication is derived from Arconic’s consolidated financial information but is not presented in Arconic’s financial statements prepared in accordance with accounting principles generally accepted in the United States of