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<ACCESSION-NUMBER>0001157523-20-000574
<TYPE>8-K
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<PERIOD>20200427
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20200427
<DATE-OF-FILING-DATE-CHANGE>20200427
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<COMPANY-DATA>
<CONFORMED-NAME>Arconic Corp
<CIK>0001790982
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<STATE-OF-INCORPORATION>DE
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<BUSINESS-ADDRESS>
<STREET1>201 ISABELLA STREET
<CITY>PITTSBURGH
<STATE>PA
<ZIP>15212-5872
<PHONE>(412) 992-2500
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<STREET1>201 ISABELLA STREET
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<STATE>PA
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<DATE-CHANGED>20191011
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>a52209784.htm
<DESCRIPTION>ARCONIC CORPORATION 8-K
<TEXT>
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    <div>&#160;</div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">UNITED STATES</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">FORM 8-K</div>
    <font style="font-size: 16pt;"> </font>
    <div><font style="font-size: 16pt;"> </font>
      <div style="font-family: 'Times New Roman',serif; font-size: 16pt;">&#160;</div>
    </div>
    <div style="text-align: center; font-weight: bold;">CURRENT REPORT</div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Section&#160;13 or 15(d)&#160;of the</div>
    <div style="text-align: center; font-weight: bold;">Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Date of Report (Date of earliest event reported): April 27, 2020</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
    <div style="text-align: center; font-size: 16pt; font-weight: bold;">ARCONIC CORPORATION</div>
    <font style="font-size: 16pt;"> </font>
    <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z78dc50d0c4924bd49e82363a084caa98" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 40%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;"><u>Delaware</u></div>
          </td>
          <td style="width: 29.62%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;"><u>001-39162</u></div>
          </td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;"><u>84-2745636</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 40%; vertical-align: bottom;">
            <div style="text-align: center;">(State or other jurisdiction of incorporation)</div>
          </td>
          <td style="width: 29.62%; vertical-align: top;">
            <div style="text-align: center;">(Commission File Number)</div>
          </td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center;">(IRS Employer</div>
            <div style="text-align: center;">Identification No.)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z6194cbce7b20483bacf9e32292e49ff2" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;">201 Isabella Street, Suite 400</div>
          </td>
          <td style="width: 30%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;"><u>Pittsburgh, Pennsylvania</u></div>
          </td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center; font-weight: bold;"><u>15212</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 70%; vertical-align: bottom;">
            <div style="text-align: center;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 30%; vertical-align: bottom;">
            <div style="text-align: center;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;"><u>(412) 992-2500</u></div>
    <div style="text-align: center;">(Registrant&#8217;s telephone number, including area code)</div>
    <div style="text-align: center;">________________________________________________&#160;</div>
    <div style="text-align: center;">(Former name or former address, if changed since last report)</div>
    <div>&#160;</div>
    <div>
      <div>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>
      <div>&#160;</div>
      <div><br>
      </div>
    </div>
    <div>
      <div><font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
      <div><font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
      <div><font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
      <div><font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    </div>
    <div> <br>
    </div>
    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
    <div>&#160;</div>
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          <td style="width: 41.21%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div>Title of each class</div>
          </td>
          <td style="width: 17.97%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div>Trading Symbol(s)</div>
          </td>
          <td style="width: 40.82%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div>Name of each exchange on which registered</div>
          </td>
        </tr>
        <tr>
          <td style="width: 41.21%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="font-weight: bold;">Common Stock, par value $0.01 per share</div>
          </td>
          <td style="width: 17.97%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="font-weight: bold;">ARNC</div>
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          <td style="width: 40.82%; vertical-align: bottom; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="font-weight: bold;">New York Stock Exchange</div>
          </td>
        </tr>

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    <div>&#160;</div>
    <div style="text-indent: 36pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).</div>
    <div>&#160;</div>
    <div>
      <div style="text-align: right;">Emerging growth company <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
      <div>&#160;</div>
      <div><br>
      </div>
    </div>
    <div style="text-indent: 36pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
    <div>&#160;</div>
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    <div>&#160;</div>
    <div style="font-weight: bold;">Item 7.01&#160;&#160;&#160;&#160;Regulation FD Disclosure.</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">On April 27, 2020, Arconic Corporation (the &#8220;Company&#8221;) issued a press release announcing COVID-19 updates on the Company&#8217;s business and preliminary first quarter results. A copy of the press release is attached hereto as
      Exhibit 99.1 and incorporated by reference herein.</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">The information set forth in this Item, including&#160; Exhibit 99.1 attached hereto, is furnished and shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange
      Act&#8221;), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by
      specific reference in such filing.</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">Item 9.01&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">(d) Exhibits</div>
    <div>&#160;</div>
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          <td style="width: 9%; vertical-align: bottom;">
            <div style="font-weight: bold;"><u>Exhibit No.</u></div>
          </td>
          <td style="width: 91%; vertical-align: bottom;">
            <div style="font-weight: bold;"><u>Exhibit</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: middle;">&#160;</td>
          <td style="width: 91%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 9%; vertical-align: bottom;">
            <div><a href="a52209784ex99_1.htm">99.1</a></div>
          </td>
          <td style="width: 91%; vertical-align: bottom;">
            <div><a href="a52209784ex99_1.htm">Press Release of Arconic Corporation, issued April 27, 2020</a></div>
          </td>
        </tr>

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    <div><br>
    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;"><u>SIGNATURES</u></div>
    <div>&#160;</div>
    <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
    <div>&#160;</div>
    <div> <br>
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      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;">Date: April 27, 2020</td>
            <td valign="top" colspan="2">ARCONIC CORPORATION</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" rowspan="1" style="width: 50%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 4%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 34%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 4%;">&#160;</td>
            <td valign="top" style="width: 34%;">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" align="left" style="width: 50%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt"><br>
              </div>
            </td>
            <td valign="top" style="width: 4%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td valign="top" nowrap="nowrap" align="left" style="width: 34%; border-bottom: 2px solid rgb(0, 0, 0);">/s/ Erick R. Asmussen</td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 4%;">Name:</td>
            <td valign="bottom" nowrap="nowrap" align="left" style="width: 34%;">Erick R. Asmussen</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 4%;">Title:</td>
            <td valign="top" style="width: 34%;">Executive Vice President</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 4%;">&#160;</td>
            <td valign="top" style="width: 34%;">and Chief Financial Officer</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a52209784ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
  </div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: right;"><font style="font-weight: bold;"> <br>
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  <div class="bw-release">
    <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <font style="font-size: 10pt;"><b>Arconic Corporation Provides Update on COVID-19 Impact and Announces Preliminary First Quarter 2020 Results</b></font> </h1>
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      <div class="bw-release-table-js bw-release-story">
        <p>PITTSBURGH--(BUSINESS WIRE)--April 27, 2020--Arconic Corp. (NYSE: ARNC) (&#8220;Arconic&#8221; or &#8220;the Company&#8221;) today provided a business update regarding the impact of the COVID-19 pandemic on its business and operations as well as certain preliminary
          unaudited financial information for the quarter ended March 31, 2020. </p>
        <p> <b>COVID-19 Updates</b> </p>
        <p> Chief Executive Officer Tim Myers said, &#8220;In the few short weeks since Arconic&#8217;s launch as a standalone company, market conditions have been changing rapidly and unpredictably. Notwithstanding that, we believe that Arconic&#8217;s diverse end markets
          and geographic composition mitigate the impact on the Company from any singular area of decline. Furthermore, despite the challenges that we currently face in North America and Europe, we are seeing positive momentum at our Chinese facilities
          that felt the full brunt of the COVID-19 pandemic in early 2020 and are now back to essentially normal production. Our Russian packaging facility is running at full operations due to strong end market demand. Moreover, our operating footprint
          benefits from a highly variable cost structure and we are actively managing operations to effectively flex activity to respond to changing automotive and aerospace market conditions. As previously announced, in response to market conditions we
          took a series of proactive actions to mitigate the impacts of the pandemic on our business. By our current estimates, we expect these cost savings to improve our financial profile by approximately $200 million.&#8221; Mr. Myers further added, &#8220;As an
          update, we resumed operations at our New York facility on April 20<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> and we expect to ramp back up our operations at our Tennessee facility this week, where we remain excited by the opportunities for growth and the enhanced
          capabilities that are nearing completion.&#8221; Mr. Myers concluded, &#8220;We are pleased with the recent announcement on April 22<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> by the ITC initiating antidumping and countervailing duties trade case against 18 countries on common alloy
          sheet products and we expect this will benefit our operations and others in industrial aluminum processing.&#8221; </p>
        <p> Chief Financial Officer Erick Asmussen added, &#8220;Our liquidity and financial position remains strong despite the pandemic&#8217;s impact to our business. We have in excess of a billion dollars of available liquidity today (inclusive of approximately
          $500 million of cash on the balance sheet at the time of our separation) and our current capital structure maturities are well into the future.&#8221; Mr. Asmussen further expanded, &#8220;Our business is flexible and cash requirements are countercyclical
          and we expect working capital will be a source of cash in the near team, and together with the benefit of the recent management actions to reduce costs, we believe we have adequate liquidity to operate the Company in spite of ongoing
          uncertainties.&#8221; </p>
        <div> </div>
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        <p> <b>Preliminary First Quarter Results</b> </p>
        <p> On April 14, 2020, Arconic&#8217;s parent company prior to the April 1, 2020 separation, Howmet Aerospace Inc. (&#8220;Howmet&#8221;), reported preliminary unaudited financial results for the quarter ended March 31, 2020, including certain financial information
          related to its former Global Rolled Products (&#8220;GRP&#8221;) segment, the underlying businesses that now comprise Arconic. </p>
        <p> On the basis of that information, for the quarter ended March 31, 2020 we expect to report for the quarter: </p>
        <ul style="list-style-type: disc;">
          <li> Revenue of approximately $1.6 billion, which is down approximately 12% year-over-year, with organic revenue expected to be down approximately 7% due to disruptions in the automotive, commercial transportation and aerospace markets driven by
            COVID-19 and 737 MAX production declines somewhat offset by growth in the industrial market; </li>
          <li> Segment operating profit to be approximately $170 million, which is up approximately 26% year-over-year, driven by net cost reductions and favorable aluminum prices, partially offset by volume declines; </li>
          <li> Segment operating profit margin to increase approximately 310 basis points year-over-year to approximately 10.7%; and </li>
          <li> Depreciation and amortization to be approximately $55 million in the first quarter 2020. </li>
        </ul>
        <p> Separately, as previously disclosed, Arconic expects its corporate costs to be in the range of $75 million to $85 million on an annual run rate basis beginning April 1, 2020, the date of the separation, which includes approximately $20 million
          of depreciation and amortization. </p>
        <p> The financial information of Howmet&#8217;s GRP segment included in this Form 8-K is the information of Howmet&#8217;s GRP segment as a reportable segment of Howmet. This preliminary unaudited combined financial information for the quarter ended March 31,
          2020 may differ from the final Howmet GRP segment&#8217;s unaudited financial results as well as the unaudited combined financial results to be reported by Arconic in its Quarterly Report for the period ended March 31, 2020. Undue reliance should not
          be placed on this unaudited financial information. </p>
        <p> <b>About Arconic Corporation</b> </p>
        <p> Arconic Corporation (NYSE: ARNC), headquartered in Pittsburgh, Pennsylvania, is a leading provider of aluminum sheet, plate and extrusions, as well as innovative architectural products, that advance the ground transportation, aerospace,
          industrial, packaging and building and construction markets. For more information, visit www.arconic.com. </p>
        <p> <b>Forward-Looking Statements</b> </p>
        <p> This release contains that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those
          containing such words as &#8220;anticipates,&#8221; &#8220;believes,&#8221; &#8220;could,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;forecasts,&#8221; goal,&#8221; &#8220;guidance,&#8221; &#8220;intends,&#8221; &#8220;may,&#8221; &#8220;outlook,&#8221; &#8220;plans,&#8221; &#8220;projects,&#8221; &#8220;seeks,&#8221; &#8220;sees,&#8221; &#8220;should,&#8221; &#8220;targets,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; or other words of
          similar meaning. All statements that reflect Arconic Corporation&#8217;s expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements, including, without limitation, forecasts and
          expectations relating to operations or customer demand; statements and guidance regarding future financial results or operating performance, including first quarter 2020 results; reduction in operating costs and capital expenditures; statements
          regarding future actions to mitigate the impact of COVID-19; and statements about Arconic Corporation&#8217;s strategies, outlook, business and financial prospects. These statements reflect beliefs and assumptions that are based on Arconic
          Corporation&#8217;s perception of historical trends, current conditions and expected future developments, as well as other factors Arconic Corporation believes are appropriate in the circumstances. Forward-looking statements are not guarantees of
          future performance and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Although Arconic Corporation believes that the expectations reflected in any forward-looking statements are based on
          reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and
          uncertainties. Such risks and uncertainties, include, but are not limited to: (a) the possible impacts and our preparedness to respond to implications of COVID-19 and (b) the other risk factors summarized in Arconic Corporation&#8217;s Form 10-K for
          the year ended December 31, 2019 and other reports filed with the U.S. Securities and Exchange Commission. Market projections are subject to the risks discussed above and other risks in the market. The statements herein are made as of the date of
          this release, even if subsequently made available by Arconic Corporation on its website or otherwise. Arconic Corporation disclaims any intention or obligation to update publicly any forward-looking statements, whether in response to new
          information, future events, or otherwise, except as required by applicable law. </p>
        <div> </div>
        <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
          <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
          <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
            <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
        </div>
        <p> <b>Non-GAAP Financial Measures</b> </p>
        <p> Some of the financial information included herein is not presented in accordance with accounting principles generally accepted in the United States of America (GAAP) and are considered &#8220;non-GAAP financial measures&#8221; under SEC rules. These
          non-GAAP financial measures supplement GAAP disclosures and should not be considered an alternative to the GAAP measure. </p>
        <table cellspacing="0" id="z9805e7440555459394166d60921654f6" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto;width: 100%; font-size: 10pt;">

            <tr>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 48%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Howmet GRP Segment Information (unaudited)</b> </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 3%;"><br>
              </td>
              <td rowspan="1" style="padding-left: 0.0px;" colspan="7"><br>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 48%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> <b>(dollars in millions)</b> </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 3%;"><br>
              </td>
              <td rowspan="1" style="padding-left: 0.0px;" colspan="7"><br>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 48%;"><br>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 3%;"><br>
              </td>
              <td rowspan="1" style="padding-left: 0.0px;" colspan="7">&#160;</td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 48%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td rowspan="1" style="border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;" colspan="7">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Quarter Ended March 31,</b> </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Global Rolled Products </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td rowspan="1" style="border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;" colspan="2">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019 (Actual)</b> </p>
              </td>
              <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td rowspan="1" style="border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;" colspan="2">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2020 (Estimated)</b> </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 3%;">
                <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Third-party sales </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,784 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~1,580 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Intersegment sales </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 52 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~35 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Segment operating profit </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 135 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~170 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Segment operating profit margin </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 7.6% </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~10.7% </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Third-party aluminum shipments (kmt) </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 331 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~312 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>

        </table>
        <table cellspacing="0" id="z07fbd542558a439591091344fa255ee1" style="margin-bottom: 10.0px;margin-left: 0px; margin-right: auto;width: 100%; font-size: 10pt;">

            <tr>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 48%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> <b>Howmet GRP Organic Revenue</b> </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 3%;"><br>
              </td>
              <td rowspan="1" style="padding-left: 0.0px;" colspan="7"><br>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 48%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> <b>(dollars in millions)</b> </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 3%;"><br>
              </td>
              <td rowspan="1" style="padding-left: 0.0px;" colspan="7"><br>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 48%;"><br>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 3%;"><br>
              </td>
              <td rowspan="1" style="padding-left: 0.0px;" colspan="7">&#160;</td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 48%;"><br>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td rowspan="1" style="border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;" colspan="7">
                <p style="list-style-position: inside; margin-bottom: 0px; margin-top: 0px;"> <b>Quarter Ended March 31,</b> </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Global Rolled Products </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td rowspan="1" style="border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;" colspan="2">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2019 (Actual)</b> </p>
              </td>
              <td colspan="1" rowspan="1" style="border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td rowspan="1" style="border-bottom: solid black 1.0pt;padding-left: 0.0px;text-align: center; list-style-position:inside;" colspan="2">
                <p style="margin-bottom: 0px; margin-top: 0px; list-style-position: inside;"> <b>2020 (Estimated)</b> </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;border-bottom: solid black 1.0pt;padding-left: 0.0px;width: 3%;">
                <p style="text-align: center; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Sales </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,784 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~1,580 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Less: </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;width: 48%;padding-left: 30.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Sales &#8211; Itapissuma </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 40 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~11 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;width: 48%;padding-left: 30.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Sales &#8211; South Korea </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 13 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~8 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;width: 48%;padding-left: 30.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Aluminum price impact </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> n/a </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~(46) </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;width: 48%;padding-left: 30.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Foreign currency impact </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> n/a </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~3 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>
            <tr>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;width: 48%;padding-left: 10.0px;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> Global rolled products organic revenue </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> 1,731 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
              <td colspan="1" rowspan="1" style="background-color: #CCEEFF;padding-left: 0.0px;padding-right: 0.0px;vertical-align: bottom;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> $ </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 10%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> ~1,604 </p>
              </td>
              <td colspan="1" rowspan="1" style="vertical-align: top;background-color: #CCEEFF;padding-left: 0.0px;width: 3%;">
                <p style="text-align: right; list-style-position:inside;margin-bottom: 0px; margin-top: 0px;"> &#160; </p>
              </td>
            </tr>

        </table>
        <p> Organic revenue is a non-GAAP financial measure. According to the Howmet release, Howmet management believes this measure is meaningful to investors as it presents revenue on a comparable basis for all periods presented due to the impact of the
          sale of the aluminum rolling mill in Itapissuma, Brazil (divested in February 2020), the sale of the hard alloy extrusions plant in South Korea (divested in March 2020), and the impact of changes in aluminum prices and foreign currency
          fluctuations relative to the prior year periods. </p>
      </div>
      <div class="bw-release-contact">
        <h2 style="FONT-SIZE: 14pt;">Contacts</h2>
        <p> <b>Investor Contact </b><br>
          Jason Secore <br>
          Shane Rourke <br>
          (412) 315-2984 <br>
          Investor.Relations@arconic.com </p>
        <p> <b>Media Contact </b><br>
          Tracie Gliozzi <br>
          (412) 992-2525 <br>
          Tracie.Gliozzi@arconic.com </p>
      </div>
    </div>
  </div>
  <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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