forging the future of high performance metals the future of high performance metals ... frequent...
TRANSCRIPT
Forging the Future of High Forging the Future of High Performance MetalsPerformance Metals
7th International Special & Stainless Steel Summit10-12 November 2008
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In Continuous Operations in the Same Location for 95 Years –exceptional in North American steel industry
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•Nimble, quick decision making
•Eager to invest for growth
PRIVATELY OWNED PRIVATELY OWNED
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Headquarters
Processing Centers
Warehouses
Sales Agencies
GLOBAL REACH, GLOBAL VIEWGLOBAL REACH, GLOBAL VIEW
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Specializing in Specializing in
vacuum induction melted & vacuum induction melted &
vacuum arc vacuum arc remeltedremelted alloys alloys
for lifefor life--critical applicationscritical applications
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TRANSFORMATIONTRANSFORMATION
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SELLING GLOBALLYSELLING GLOBALLYFrom the manufacturing business in Latrobe, Pennsylvania
SOURCING GLOBALLY SOURCING GLOBALLY For the distribution business in North America
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CONSOLIDATED VIEW Markets served
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Leader in Remelted Specialty Steels & Alloys
Superior technology, process and metallurgical expertise
Established reputation for quality & customer service
Broad product offering – over 350 niche alloys
Extensive Quality Agreements
ISO 9001: 2000
AS 9100
NADCAP
Vendor Manufacturing Agreements with Agusta, Goodrich, Messier-Dowty
Critical Rotating Part Vendor Agreements with Bell, Boeing, GE, RR,
SNECMA, UT
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Adding Value throughAdding Value through
TECHNOLOGYTECHNOLOGYQUALITYQUALITYSERVICESERVICE
Investing in People
Investing in Technology
Investing in Modern Manufacturing
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NEW VACUUM MELTING CAPACITY COMING NEW VACUUM MELTING CAPACITY COMING ON STREAM F0URTH QUARTER 2008ON STREAM F0URTH QUARTER 2008
VIMMelt capacity will triple to 27,000 tonsTwo 30-ton vacuum induction melting furnaces
VARExpanding from 13 to 17 VARs
Finishing of VIM-VAR ProductsBar peeler capacity expansion
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January 2008
March 2008
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FIRST MELT FIRST MELT ---- September 2008September 2008Groundbreaking to first melt in 10 monthsGroundbreaking to first melt in 10 months
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SERVING NEW MARKETS IN 2008SERVING NEW MARKETS IN 2008
Opened Chinese sales office
Acquired metals distributor in energy market
Seeking opportunities in
Diversification and
Vertical integration
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DISTRIBUTIONDISTRIBUTION•Extensive North American Service Centers
•Products
•High speed & Tool Steels
•SBQ
•Stainless Steels
•Powder Metals
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DISTRIBUTION CAPABILITIESDISTRIBUTION CAPABILITIES
Milling, Grinding, Saw Cutting, CNC Machining, Bar Straightening and Peeling, Boring
Opportunities to add value to your products in plate, flat bar, rounds and sheet
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Industry leading expertise in processing titanium and super alloys
•Press•GFM•Bar, rod and wire rolling
CONVERSION & TOLL SERVICESCONVERSION & TOLL SERVICES
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Manufacturing
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NEW HORIZONS OR NEW HORIZONS OR GOING OFF THE CLIFF GOING OFF THE CLIFF ---- AGAIN?AGAIN?
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Revenue - Latrobe Specialty Steel
'85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05 '07 '09E
Reve
nue
($M
) General Recession
Asian Flu
Raw MaterialExplosion,
Strong Euro
Weak Euro
9/11
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AEROSPACE CHALLENGESAEROSPACE CHALLENGES
• Engineering-Intensive
• Product Liability Exposure
• Testing Requirements
• Cyclicality
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••NEW HORIZONSNEW HORIZONS
• New Product Strategies Power Generation Oil & Gas Titanium Internally Manufactured Externally Sourced
• Value Added Strategies Processing Capabilities High Technical Expertise Service Differentiation
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Global
Domestic
International
BroadRange
SingleProduct
Multi-Product
Industry Structure
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Global
Domestic
International
BroadRange
SingleProduct
Multi-Product
PRP/VDM PCC/SMC
Corus LatrobeLatrobe
RSM
Gloria
Crucible
Valbruna
Hitachi
ATI Carpenter
Boehler S&B,DEW,Finkl
A&D- Erasteel
Industry Structure
USAP
Daido
S 5 et al.
Ellwood
Haynes
RTI
Timet
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Threshold Players
Global MetalsPlayers
FocusedPlayers
Global
Domestic
International
BroadRange
SingleProduct
Multi-Product
Industry Structure
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““FORGING THE FUTURE FORGING THE FUTURE IN HIGH PERFORMANCE IN HIGH PERFORMANCE
MATERIALSMATERIALS””
www.latrobesteel.com