Business Update, March 1, 2010 - Haynes International, Inc.

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Financial highlights$ IN MILLIONS FY2007 FY2008 FY2009FY20103 Mos.NET REVENUES $559.8 $637.0 $438.6 $81.0% change from prior year28.9% 13.8% (31.1%) (39.7%)OP. INCOME (LOSS)% change from prior year$108.564.7%$98.9(8.8)%$(60.6) (1)(161.2)%$(2.0)(127.1)%NET INCOME (LOSS) PER DILUTEDSHARE (EPS)% change from prior year$5.8970.3%$5.22(11.4)%$(4.36) (1)(2)(183.5)%$(0.11)(128.9)%CASH FROM OPERATIONS $4.6 $41.3 $120.0 $(0.1)Source: FY2009 Form 10-K; FY2010 First Quarter Form 10-Q1) Includes goodwill write-off of $43.7 million recorded in the second quarter of fiscal 2009.2) Diluted income (loss) EPS excluding the goodwill write-off was $(0.78) per share. Please seeAppendix A for a reconciliation of the differences between this non-GAAP financial measureand the directly comparable financial measure calculated and presented in accordance withGAAP.March 1, 2010 19
Profitability Compression on pricing and volumes has affected profitability◦ Competitive economic environment◦ Reduced absorption of manufacturing costs due to lower volumes Cost cutting measures in FY2009 to adjust to current operating levels◦ 17.5% staffing reductions◦ Specific cost reduction projects throughout operationsMarch 1, 2010 20
Page 3 and 4: Haynes International, Inc.Mark Come
Page 6 and 7: Our products We are a leading, worl
Page 8 and 9: Exposure to diverse set of markets
Page 10: AerospaceCommercial build rates are
Page 14 and 15: Land-based gas turbineEmerging mark
Page 16 and 17: Leader in developing and applying a
Page 19: Financial Overview and Strategy Dis
Page 23 and 24: BacklogBacklog300DollarsPounds10.0l
Page 25 and 26: CashSources of Cash FY2005 to First
Page 27 and 28: Manufacturing process and capital i
Page 29: Appendix AReconciliation of Non-GAA

Business Update, March 1, 2010 - Haynes International, Inc.

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