Second Quarter Highlights Sales of 1.02 billion Down 9.2% q-o-q; down 8.6% y-o-y Segment operating profit of 39.2 million, or 3.8% of sales Achieved qualification for premium-titanium products used in jet engine rotating parts made…
Q2 2015 Results from Continuing Operations, Attributable to ATI millions, except per share amounts Q2 2015 Q1 2015 Q2 2014 Sales 1,023 1,126 1,119 Segment Operating Profit 39.2 83.8 65.2 As a % of Sales 3.8% 7.4% 5.8% Net Income…
Adjusted Results Continuing Operations 2015 Q1A Q2A Sales 1,125.5 1,022.5 Income (Loss) Before Tax 20.6 (21.6) Start-Up and Qualification Costs HRPF start-up costs 5.6 3.6 Titanium sponge PQ qualification 6.8 7.2 Total Costs 12.4…
Solid Liquidity Position (data as of June 30, 2015) Total debt to total capitalization of 37% 251 million cash on hand No borrowings outstanding under our 400 million domestic revolving credit facility Pursuing a 400 million Asset…
Market Highlights Aerospace & Defense Aerospace & Defense = 37% of ATI YTD 2015 sales Jet engine = 18%; Airframe = 12%; Defense = 7% Q2 jet engine sales down 2%; Airframe sales down 11%* First half 2015 aerospace market sales up…
New product introduction (NPI) for forgings and castings Design engineers at full utilization based upon recent wins Leading indicator: NPI at extremely high level of over 300 parts These parts represent over 1 billion of new…
Major Engine Programs - Firm Order Book (May 31, 2015) Firm Order Engine Program Book CFM56 - 5B 1,316 Legacy Single Aisle 4,996 CFM56 7B 2,890 (Boeing 737, Airbus A320) CFM LEAP V2500 790 CFM LEAP 8,472 Future-Gen Single Aisle…
Market Highlights Oil & Gas/Chemical Process Industry Oil & Gas/Chemical Process Industry = 18% of ATI YTD 2015 sales Oil & Gas = 12% oil; CPI = 6% Q2 2015 oil & gas sales 20% lower than Q1 2015 Reduced demand for exploration High…
Market Highlights Automotive Automotive = 8% of ATI YTD 2015 sales Demand for high-value flat-rolled products remains strong Product mix is improving Secular growth trends require temperature resistant alloys Increasing operating…
Capital Expenditures 2004 2015E s M 700 HRPF 600 500 400 250M vs 290M 300 Titanium Sponge Facility 200 100 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015E ATI Rowley HRPF Depreciation We Are Near…
Imports of Cold-Rolled Stainless Sheet and Strip Surge 45 255,000 Tons YTD Imports ranked by 40 43 42 region/country 2015 May YTD 1. China (35%) 35 2. Europe (18%) Tons/Month (000s) 3. Mexico (14%) 34 30 29 29 30 LME Nickel…
Strategy for FRP Transformation Enabled by HRPF Provide profitable growth in diversified markets Integrate HRPF into daily operations Continuous improvement Grow high-value products GOES Finished ProfitableT-304 Coil with coil…
Contract Negotiations Update ATI has made significant investments in manufacturing in the U.S. 0.5 billion Titanium Sponge facility in Utah 1.2 billion Hot-Rolling Processing Facility in Pennsylvania These investments reflect a…
Contract Negotiations Update Competitive employee compensation stabilize and eventually reduce total hourly employment costs Lower health care costs through increased consumerism, prevention, and modest participation Adopt…
Strategy and Outlook Long-term drivers of our secular growth markets remain intact Extraordinary capital expenditure cycle is nearly behind us HRPF integrated into daily operations and RCS replacement on schedule Aerospace market…
Questions and Answers July 21, 2015 2015 ATI. All Rights Reserved.
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