Howmet Aerospace — Arconic — Proxy Contest (February 2017)

5 slides from Howmet Aerospace's proxy contest presentation, Feb 1, 2017

Slide 1: BREAKING NEWS: Elliott releases letter to fellow Arconic shareholders
—_— (3 a ‘ BREAKING NEWS: Elliott releases letter to fellow Arconic shareholder Alcoa TSRvs, Peers and S&P 500 During CEO Tenur TSR Under Klaus Kleinfeld vs. Company Selected Peers Woyep oe I yy i We et ae i i SYEAR YEAR 3-YEAR 4YEAR SYEAR GEAR YEAR GEAR SINCECEO 2008009, a0 tomo 30H aga C vimorrnms
Slide 2: New Arconic website: Elliott letter, views, press release
NEW ARCONIC MoME S\ANOLOERHWORANION MEETLARRYLAWSON SHAREOLDERNOMINES CONTACT = [2 Elliott Letter to Shareholders [2 Elliott Views On Arconic [2) Press Release
Slide 3: Outstanding shareholder return
d outstanding shareholder return: arty sPirit/ id LOCKHEED MARTIN ee 5 a
Slide 4: New Arconic
NEW ARCONIC jaye that a manager see higher for SPR than with th hhas dramatically curned around the business shareholders love Larry Lawsor nrelenting demands on performance improvements
Slide 5: Christopher L. Ayers, age 50
Christopher L. Ayers, age SO