Allegheny Technologies Incorporated and Subsidiaries

Sales and EBITDA by Business Segment

(Unaudited, dollars in millions)

Three Months Ended

Six Months Ended

June 30

March 31

June 30

June 30

June 30

2021

2021

2020

2021

2020

Sales:

High Performance Materials & Components

$

300.6

$

240.9

$

300.7

$

541.5

$

721.0

Advanced Alloys & Solutions

315.6

451.6

469.6

767.2

1,004.8

Total external sales

$

616.2

$

692.5

$

770.3

$

1,308.7

$

1,725.8

EBITDA:

High Performance Materials & Components

$

37.2

$

24.6

$

28.7

$

61.8

$

105.3

% of Sales

12.4

%

10.2

%

9.5

%

11.4

%

14.6

%

Advanced Alloys & Solutions

36.0

49.7

33.4

85.7

74.5

% of Sales

11.4

%

11.0

%

7.1

%

11.2

%

7.4

%

Total segment EBITDA

73.2

74.3

62.1

147.5

179.8

% of Sales

11.9

%

10.7

%

8.1

%

11.3

%

10.4

%

LIFO and net realizable value reserves

—

—

—

—

—

Corporate expenses

(15.9)

(12.2)

(7.2)

(28.1)

(19.5)

Closed operations and other income (expense)

(3.6)

0.5

2.7

(3.1)

(3.6)

Total ATI Adjusted EBITDA

$

53.7

$

62.6

$

57.6

$

116.3

$

156.7

Depreciation & amortization (a)

(36.3)

(36.1)

(35.6)

(72.4)

(72.9)

Interest expense, net

(23.7)

(23.4)

(21.7)

(47.1)

(43.6)

Restructuring and other credits (charges)

6.2

—

(16.7)

6.2

(24.7)

Strike related costs

(40.3)

—

—

(40.3)

—

Impairment goodwill

—

—

(287.0)

—

(287.0)

Joint venture restructuring charge

—

—

(2.4)

—

(2.4)

Debt extinguishment charge

—

—

(21.5)

—

(21.5)

Gains on asset sales, net

—

—

—

—

2.5

Income (loss) before income taxes

$

(40.4)

$

3.1

$

(327.3)

$

(37.3)

$

(292.9)

(a)  The following is depreciation & amortization by each business segment:

Three Months Ended

Six Months Ended

June 30

March 31

June 30

June 30

June 30

2021

2021

2020

2021

2020

High Performance Materials & Components

$

19.2

$

19.6

$

19.5

$

38.8

$

39.0

Advanced Alloys & Solutions

16.1

15.5

15.3

31.6

32.3

Other

1.0

1.0

0.8

2.0

1.6

$

36.3

$

36.1

$

35.6

$

72.4

$

72.9