© 2015 ATI. All Rights Reserved.

Wade Leach - Senior Vice President, Commercial

ATI Specialty Materials

May 12, 2015

© ATI 2015. All Rights Reserved. 2

Forward Looking Statements

This presentation contains forward-looking statements. Actual results may differ materially from results anticipated in

the forward-looking statements. These and additional risk factors are described from time to time in the Company’s

filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended

December 31, 2014.

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Change

Specialty Metals Market

Impact

Traffic (RPMs)

Capacity (ASMs)

Airline Profitability

Fuel Costs

International Carriers

Growth of Low-Cost Carriers

(Sources: Airline Monitor, IATA press releases)

Commercial Aerospace Market Drivers

(Sources: Airline Monitor, IATA press releases)

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Commercial Aircraft Engine Build Rates

Build rates of Next Generation Aircraft & Engines Accelerating

Sources: Airline Monitor, February 2015 & ATI

B787

GEnx

RR Trent 1000

A350XWB

RR Trent XWB

B737max

CFM Leap

A320neo

CFM Leap

PW 1000G

A330neo

Trent 7000 777X

GE9X

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2009 2010 2011 2012 2013 2014 2015F 2016F 2017F 2018F 2019F

Snecma

Engine Alliance

Pratt & Whitney

RR

CFMI

GE

Next Gen Aircraft total

# o

f A

ircr

aft

© 2015 ATI All Rights Reserved. 5

Sources: Airline Monitor, February 2015 & ATI

Commercial Aircraft Build Rates

Build rates of Next Generation Aircraft & Engines Accelerating

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2009 2010 2011 2012 2013 2014 2015F 2016F 2017F 2018F 2019F

Others

Embraer

Bombardier

Airbus

Boeing

Next Gen Aircraft total

# o

f A

ircr

aft

B787

GEnx

RR Trent 1000

A350XWB

RR Trent XWB

B737max

CFM Leap

A320neo

CFM Leap

PW 1000G

A330neo

Trent 7000 777X

GE9X

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Major Engine Programs - Firm Order Book (February 28, 2015)

Engine Program

Firm Order Book

CFM56 - 5B 1,352

CFM56 – 7B 3,142

V2500 922

CFM LEAP 8,446

PW 1000G 2,646

GEnx 928

Trent 1000 460

Trent XWB 1,558

Trent 7000 240

GE90 544

GE9X 572

Legacy Single Aisle 5,416 (Boeing 737, Airbus A320)

Future-Gen Single Aisle 11,092 (737 Max, A320Neo)

Source: Aero Engine News April 2016

CFM LEAP

PW 1000G

Boeing 787

Airbus A350XWB

Large Commercial Engine Backlog over 21,000. 2/3 are Next Generation!

Airbus A330neo

Boeing 777

Boeing 777X

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50,000

55,000

60,000

65,000

70,000

75,000

2012 2013 2014 2015F 2016F 2017F 2018F 2019F 2020F 2021F 2022F

Commercial Engines in Service History and Forecast

Source: Airline Monitor

The larger the fleet, the greater the demand for spare parts.

70,000+

3.2% CAGR

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Fan Titanium/Composites

High Pressure Compressor Titanium/Superalloys

Combustor Superalloys

High Pressure Turbine Superalloys/Powder Alloys

Low Pressure

Turbine Superalloys,

Gamma Ti Aluminides

Low Pressure Compressor Titanium

Jet Engine Materials

Engine Shaft High Strength Steels,

Superalloys

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Fan & compressor cases, disks,

blisks, impellers, blades, vanes,

and fasteners

Fan Frame

Titanium Applications in Jet Engines

Intermediate Case

Compressor rotor

Forged Case

Fan Disc

Fan Disc w/blades

Titanium Forged Compressor Blades

Flow- formed Shaft

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Engine Development Trends

• Demand for “Green” engines

Reduced noise

Reduced emissions (SO2, CO2, NO2)

• Improved fuel efficiency

Higher operating temperatures

Higher temperature capable materials

Lighter materials

• Lower operating costs for airlines

Reduced maintenance intervals

Reduced part count

New Designs and Materials

PWA Geared Turbofan

PW1100G

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Changes in Jet Engine Design

• Limited introduction of composites

• Larger thrust engines

Consume more nickel-based and titanium alloys per engine

• Higher engine temperatures

Nickel-based alloy content in compressor growing

High temp powder/cast & wrought alloys

• New titanium-based materials

Gamma TiAl

• Advanced Manufacturing

• Additive Manufacturing

Evolutionary Change

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Demand Drivers

• Higher build rates

• Larger engines

• Larger global fleet for spare parts

• New engine designs

• Fuel efficient hotter burning engines

Titanium in Jet Engines

CFMI LeapX

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