Carpenter Technology Corporation · NYSE:CRS
Carpenter Technology — Investor Presentation (May 2018)
17 slides from Carpenter Technology's investor presentation, May 10, 2018
Slide 1: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected, anticipated or
Slide 2: Who We Are: Carpenter Technology's Evolution
Transitioned from a steel to specialty alloy focused company supported by 128+ years of metallurgical expertise Today, we are a high performance materials and advanced process solutions provider for critical end-use applications Metal technology capabilities for a wide range of next-generation produ
Slide 3: Provide Materials into Performance End-Use Markets
Provide Materials into Performance End-Use Markets Industrial & Consumer Distribution FY17 Net Sales of $1.88 Aerospace & Defense Energy @ CARPENTER' WHEN PERFORMANCE IS EVERYTHING CONFIDENTIAL Diverse end-use markets all evaluating utilization of AM technology
Slide 4: Potential Evolution in Aerospace and Other Industries
Investme nts now to qualify critical Aerospace materials, processes & applications… Select Small Structural Parts ... meanwhile, focus on highly differentiated parts and identify near term wins on less stringent specifications Select Engine Components TODAY Adoption Time Frame Both Defense & Commerc
Slide 5: Critical Role of Materials in Additive Manufacturing
Components being re-designed to leverage freedom of 3D printing… …but, materials also need to be engineered to take advantage of unique AM process Traditional Aerospace materials standards and specifications do not apply for AM C O N F I D E N T I A L 6 Materials not always equal to wrought or cast;
Slide 6: End-to-End Feedback Loop Accelerates Materials Innovation
Given criticality of materials to AM, Carpenter taking end-to-end approach: C O N F I D E N T I A L Focus on optimizing customer solution to meet application needs End-to-End Feedback Loop Accelerates Materials Innovation
Slide 7: Requires Tightly Integrated R&D and Production Facilities
Requires Tightly Integrated R&D and Production Facilities Develop early stage research solutions, scale up in production environment @ CARPENTER' WHEN PERFORMANCE IS EVERYTHING CONFIDENTIAL
Slide 8: Start with Alloy Development to Leverage AM Process
Challenges with today’s materials Powder quality degrades, affecting production yield Currently using small number of well-known materials designed for cast/wrought Many alloys crack or distort due to high cooling rates Opportunities Engineer existing alloys for better strength & yield Explore “back
Slide 9: Fanatically Clean, High Quality Production of Materials
ISO/ASTM 52900: L-PBF = Laser Powder Bed Fusion; EB-PBF = Electron Beam Powder Bed Fusion; MIM = Metal Injection Molding C O N F I D E N T I A L 8 Each type of AM requires optimized raw material size and shape Binder Jet / MIM L-PBF Deposition & EB-PBF Fine wire Fanatically Clean, High Quality Produ
Slide 10: Print Parameters Tailored to Specific Alloys
Laser simulations (W. King et al., 2015) In essence: sequential welding technique1 Create 100,000’s of weldments to manufacture single component Each weld track potential “weak link” or source of failure Specific alloys respond differently Requires fine-tuning of process conditions for each particul
Slide 11: Print Parameters: Need for Controlled Process
Poor control of process & powder Good control of process & powder Process defect Powder defects What changed? Powder refinement – for example, minimized gas entrapment Alloy modification – make less sensitive to process variations C O N F I D E N T I A L Carefully manage powder, part orientation, an
Slide 12: Component Design Improved by Material Selection
Most companies optimize design or materials independently of one another Coordinated development yields best results Trained engineers select best material for operating conditions C O N F I D E N T I A L Greater benefits from AM when materials properties inform design Select more corrosion resistan
Slide 13: Post Processing Improves Material Properties
Example: Hot Isostatic Pressing (HIP) (consistent) 120 80 C O N F I D E N T I A L Strength (Psi) Post processing can be just as important as printing itself 160 40-70%157 154 More isotropic Z = build direction X Y40 0 As printedAfter HIP increase 112 X and Y Z X and Y 92 Z Case study: HIP increases
Slide 14: Bringing It All Together: Puris 5+ Case Study
low oxygen version strength1 = lower scrap rate 1) For same ductility (elongation = 18%) C O N F I D E N T I A L Strength (Psi) Standard Titanium Puris® 5+ Oxygen content (%) Example of accelerated innovation through end-to-end feedback loop Carpenter created high strength, 10-15% higherMore forgivi
Slide 15: Optimal Results by Understanding End-to-End Process
Leader in powder-bed fusion additive manufacturing (AM) metal printing services Advanced modeling and simulation tools 128+ years of alloy innovation and metallurgical expertise Direct connection with rapidly expanding customer base Producing multiple AM grade titanium powders State-of-the-art cente
Slide 16: Summary: Specialty Materials for Additive Manufacturing
AM Materials Innovation © 2018 CRS Holdings, Inc. All rights reserved 17 Summary: Specialty Materials for Additive Manufacturing
Slide 17: Summary: Specialty Materials for Additive Manufacturing
Summary: Specialty Materials for Additive Manufacturing y) @ AM Materials Innovation es e # 8 ® oT”) ©2018 CRS Holdings, nc. All rights reserves
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