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ATI INVESTOR PRESENTATION

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  • 1. Dan Greenfield, VP Investor Relations and Corporate Communications June 13, 2012 © 2012 ATI. 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, 2011.© 2012 ATI. All Rights Reserved. June 2012 2
  • 3. Diversified Markets Percentage of ATI’s Sales Machine and Cutting Tools 3% Other 2% Electronics/Communications/Computers 3% Aerospace and Defense 29% Transportation 4% Food Equipment and Appliance 5% Jet Engine 15% (+71% y-o-y) Airframe 8% (+18% y-o-y) Construction and Mining 6% Government/Defense 6% 35% Direct Automotive 7% International Sales Q1 2012: $1.4 Billion Medical 5% Improved Demand From Key Growth Oil & Gas/Chemical Markets + Addition of ATI Ladish Process Industry 21% Machine and Cutting Tools 3% Electrical Energy 15% Other 2% Electronics/Communications/Computers 3% Aerospace and Defense 32% Transportation 4% 2011: $5.2 Billion Food Equipment and Appliance 4% Jet Engine 17% (+61% y-o-y) Airframe 10% (+35% y-o-y) Construction and Mining 8% Government/Defense 5% 38% Direct Automotive 8% International Sales Medical 4% Oil & Gas/Chemical Process Industry 21% Electrical Energy 11%© 2012 ATI. All Rights Reserved. June 2012 3
  • 4. Diversified Products - 2011 Percentage of ATI’s Sales Iron Castings 1% Specialty Stainless Sheet 10% Nickel-based & Specialty Alloys Standard Stainless Products 11% 25% 78% High- Exotic Alloys 5% Value Products Titanium & Titanium Tungsten Materials 7% Alloys 14% Grain-Oriented Electrical Steel 6% Precision Forging and Castings 9% Precision & Engineered Strip 12%© 2012 ATI. All Rights Reserved. June 2012 4
  • 5. 2009 2008 & 2011 2009 2011 2008 2004 2008 2010 2011 2011 2009 2011 2011 2011 June 2012 5© 2012 ATI. All Rights Reserved.
  • 6. ATI’s Unique Aerospace Supply Chain Raw Melt & Hotwork Mill Forgings & Material Remelt & Finish Products Shapes Castings Ti Ni Ti Ni Ti Ni Ti Ni Ti Ni Ti Ni ATI            VSMPO- AVISMA      Timet     RTI     PCP       Carpenter      Inoxum    Ti: Titanium and Titanium Alloys; Ni: Nickel-based Alloys and Specialty Alloys Extruded shape Powder shape Fastener stock shape Casting© 2012 ATI. All Rights Reserved. June 2012 6
  • 7. Aerospace Growth Trends Titanium intensive airframes • Near-net-shapes, titanium investment castings More fuel efficient, hotter burning engines • Requires complex titanium alloys to withstand greater pressure ‒ ATI 17™ Alloy PAM – melt preferred ‒ ATI 6-2-4-2™ Alloy ‒ Titanium Aluminides • Requires complex nickel-based superalloys to withstand higher temperatures ‒ ATI 718Plus® Alloy ‒ Rene 65 Alloy o Unprecedented development time o Mill product to forged and machined part ‒ Powder Metals Record OEM backlogs and unprecedented production rate ramp© 2012 ATI. All Rights Reserved. June 2012 7
  • 8. Unprecedented Announced Build Rate Increases Expected Monthly Build Rates 2012 2013 2014 2015 2016 2017 Single aisle B737 35 38 42 42 A320 40 42 42 42 Total 75 80 84 84 B737MAX EIS A320neo EIS Large B777 7 8.3 8.3 8.3 B787 5 10 10 10 B747 2 3 2 2 A380 3 3.5 3.5 3.5 A330 9.5 9.5 10 10 Total 26.5 34.3 33.8 33.8 A350XWB EIS EIS: Entry into service Source: Company Increasing Legacy Build Rates + Ramp-up Next-Generation and Analyst Reports + Developing Future Generation© 2012 ATI. All Rights Reserved. June 2012 8
  • 9. 2008 2008 2007 2007/2012 2009 2009 2008 2010© 2012 ATI. All Rights Reserved. June 2012 9
  • 10. ATI Oil & Gas Provides Materials for: Down-Hole Processing Drill bits, MWD & LWD non-mag Downstream refinery, gas collars, completion tools, injection separation, pipe transport, lines, shielding. liquefaction and revaporizing. Subsea Flow lines, jumpers, risers, umbilicals, marine banding. Unconventional ATI Products Sour service, shale gas, tar Service the sands, heavy oils, oil shale, Full Industry biofuels. Topside Piping, heat exchangers, racks, ladders, supports, We Also Provide Technical cable trays, insulation wrap, Knowledge fire & blast walls, water Metallurgical knowledge for new systems. materials, welding, corrosion and fabrication.© 2012 ATI Oil & Gas. All rights reserved. 14
  • 11. Hot-Rolling and Processing Facility© 2012 ATI. All Rights Reserved. June 2012 11
  • 12. $2 Billion in Potential New Annual Revenue Growth (2012-2016) Strong secular growth from key markets New manufacturing capabilities • $3.3 billion in capital expenditures and asset acquisitions (2004-2011) • Hot-Rolling and Processing Facility (HRPF) Innovative new products (representative examples) Aerospace & Defense Oil & Gas/CPI Electrical Energy Medical ATI 718Plus® Alloy ATI 2003® LDS ATI 718Plus® Alloy ATI 15Mo™ Titanium Rene 65 Alloy ATI 2102® LDS ATI NuShield™ Borated ATI 35N LoTi™ Alloy Powder Metals Zeron 100® SDS ATI 690™ Alloy ATI 425® Alloy OmegaBond® Tubing Forged and cast Forged and cast Forged and cast Titanium alloy seamless components, rolled components, solid components, ruthenium- tubing, powder metals, shapes, fastener stock, tungsten composite based tungsten carbide Precision Rolled Strip® extruded shapes, bodies for diamond-base for machining turbine titanium precision machining drill bits, powder near- blades net-shapes, precision machining© 2012 ATI. All Rights Reserved. June 2012 12
  • 13. Why Buy ATI? Secular Growth Markets 70% of 2011 Sales • Long-term agreements with leading global companies Diversified markets and products • Unique integrated supplier: raw materials, mill products, finished products • Technology leader $2 Billion in Potential New Annual Revenue Growth (2012 – 2016) • New manufacturing capabilities on line now • Hot-Rolling and Processing Facility to transform Flat-Rolled Products segment (on line 2013/2014) • Innovative new products growing and gaining position now Solid Balance Sheet • Investment-grade debt Dividend yield of 2.3% at $30.88/share • Annual rate is $0.72/share© 2012 ATI. All Rights Reserved. June 2012 13
  • 14. © 2012 ATI. All rights reserved.

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