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

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$P:\P25065\H-# Literature\H-2082 - Haynes International, Inc.$

SummaryWe are a market leader in the niche high-performance alloy marketWe serve diverse geographic g and end marketsWe have long-term relationships with our broad customer baseOur unique business model facilitates strong customer service and retention◦ Service and sales centers◦ Value-added processing servicesOur development of patent-protected new alloys puts us in the position of market leaderWe continue to make strategic investments to expand product capability and servicesFinancially positioned to meet our challenges successfully and achieve our goal ofenhanced shareholder valueMarch 1, 2010 27
Appendix AReconciliation of Non-GAAP Financial Measures (Unaudited)In accordance with the SEC's Regulation G, the following provides definitions of the non-GAAP financial measures included in this presentation,together with the most directly comparable financial measures calculated in accordance with GAAP, and a reconciliation of the differences betweenthe non-GAAP financial measures disclosed and the most directly comparable financial measures calculated in accordance with GAAP.This non-GAAP financial information should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated inaccordance with GAAP. However, we believe that non-GAAP reporting, giving effect to the adjustments shown in the reconciliation contained in theattached financial statements, provides meaningful information and therefore we use it to supplement our GAAP guidance. We have chosen to providethis supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of operating results, toillustrate the results of operations giving effect to the non-GAAP adjustments shown in the reconciliations and to provide an additional measure ofperformance.The Company recorded a non-cash goodwill impairment charge in the second quarter of fiscal 2009. This type of charge has not occurred frequentlyand the Company believes that excluding this charge will provide investors with a basis to compare the Company's core operating results in differentperiods without this variability.Reconciliation of non-GAAP net income:Twelve Months EndedSeptember 30, 2009Net income (loss) excluding non-cash charge for goodwill impairment $ (9,453)Charge for goodwill impairment (43,737)3 Goodwill tax benefit 868Net income (loss) as reported $(52,322)Reconciliation of non-GAAP EPS:Earnings per share excluding non-cash charge for goodwill impairment $(0.78)Charge per share for goodwill impairment (3.65)Goodwill tax benefit 0.07Diluted income (loss) earnings per share $ (4.36)March 1, 2010 28
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 and 20: Financial Overview and Strategy Dis
Page 21 and 22: Profitability Compression on pricin
Page 23 and 24: BacklogBacklog300DollarsPounds10.0l
Page 25 and 26: CashSources of Cash FY2005 to First
Page 27: Manufacturing process and capital i

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

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