Carpenter FYI

Employees across the Company are gearing up for Athens Operationsrsquo big ribbon cutting ceremony on Monday January 27 Originally due to open in April the facilityrsquos reveal date was moved to this month thanks to dedicated teamwork of employees around the world to begin addressing our customersrsquo needs

ldquoThe ribbon cutting will mark the cornerstone of our new plant Wersquore thrilled with the countless efforts of our team that went into making sure key equipment was up and running ahead of schedulerdquo says Dave Strobel Senior Vice President ndash Global Operations ldquoEngineering maintenance production and safety employees from many different locations really stepped up to the plate to make this possible And itrsquos great that we can celebrate this early success and continue focusing on completing certifications and qualifications moving forwardrdquo

The facility which will produce 4- to 18- inch ultra-premium alloy round bars is the worldrsquos most advanced specialty metals manufacturing facility It will ultimately increase capacity and reduce our lead times When paired with Companyrsquos latest primary melt investments in Reading and Latrobe and other expansions world-wide Carpenter is well-positioned to become the most respected company in specialty metals

ldquoOur customers have asked us to be there with them as their demands grow and Athens Operations gives us the ability to do thatrdquo says Andy Ziolkowski Senior Vice President ndash Commercial SAO He adds ldquoWersquore prepared to meet demand in the biggest way possible

ldquoWe can now fully entertain new and expanding marketsmdashespecially the oil and gas industry and chemical processing industry In fact we already have orders coming in associated with our new capabilitiesrdquo

Carpenter leadership board members employees and dignitaries are expected to attend the ceremony to celebrate the turnkey milestone Employees will be able to celebrate during our Q2 FY14 employee webcast scheduled for later that week Photos and video from the event will also be made available to employees world-wide

Our customers have asked us to be there with them as their demands grow and Athens Operations gives us the ability to do that

ndash Andy Ziolkowski Senior Vice President ndash Commercial SAO

1

Athens Operations

Gregory P Marbut Tech IV ndash Product Schedules Radial Press

Latrobe Operations

Rhonda L Leonard Analyst III ndash Info Technology

Timothy C Wise Director ndash Marketing

Reading Operations

Daniel R Artz Department Manager ndash Manufacturing

Michael C Haney VP ndash Financial Planning amp Analysis

Matthew B Hoffert Area Manager ndash Manufacturing

Michelle Kemp Area Manager ndash Manufacturing

Bradley A Kessler Supervisor ndash Manufacturing

Craig T Szablowski Area Manager ndash Manufacturing

Please congratulate the following employees on their December promotions

News and Information for Carpenter Technology Employees

News and Information for Carpenter Technology Employees

J a n u a r y 1 0 2 0 1 4

Organizational Announcements

Wellness Highlight

Organizational Effectiveness

Carpenter Cares

Promotions

Safety Corner

Exchange NYSECRS Stock Quote

New Hires

IT Matters

A Look Back

IT Matters

Organizational Announcements

Wellness Highlight

Organizational Effectiveness

Carpenter Cares

Promotions

Safety Corner

Exchange NYSECRS Stock Quote

New Hires

IT Matters

IT Matters

Price $6133 Closing 11014

Introducing Athens Operations

ldquoldquo

President and CEO Bill Wulfsohn will host a live employee webcast Thursday January 30 beginning at 11 am (EST) from our Athens Operations facility Employees should use the link below to register before the live event The link provides registration instructions and can also be used to access the webcast

httpengageveventcomrtcarpenter~013014

If for any reason you are unable to stream audio you can listen to the audio via the telephone by calling (855) 547-3486

Conference ID 31059517

Please submit questions in advance to Bucky Rudolph at wrudolphcartechcom

Save the Date Q2 FY14 Employee Webcast

Carpenter FYI 2

Carpenter Material Heats Up World Cup Tour Carpenterrsquos sponsorship of the USA Skeleton team has already helped it earn gold silver and bronze medals in the ongoing Skeleton World Cup trials seen by many as predictors of the approaching 2014 Winter Olympics The teamrsquos sled the ProtoStar V5mdashlargely made of Carpenter materialmdashhas been reaching speeds between 70 and 90 mph during the Skeleton World Cup tour happening around the world

ldquoThe material has been great and our team is fast I think wersquore making everyone very very nervousrdquo says Amanda Bird Marketing and Communications Director of USA Bobsled amp Skeleton ldquoWersquore so fortunate to have partners like Carpenter supporting us along the way and I think wersquore in for some really great surprises this Februaryrdquo

Noelle Pikus-Pace (right) claimed a gold medal at the World Cup race held in Lake Placid New York last month

Product Spotlight AMEGAVIBEtrade Amega Westrsquos vibration tool AMEGAVIBEtrade helps our customers advance the drilling process and benefits numerous oil and gas operators It has proven especially useful in the Permian Basinsrsquo (sedimentary basins largely contained in the western part of the US state of Texas and the southeastern part of the state of New Mexico) long laterals

Latrobe Operations Completes Successful United Way CampaignMany thanks to the employees at Latrobe Operations who helped raise nearly $66000 for United Way (UW) of Westmoreland County At the presentation of the Companyrsquos gift are Jesse Eyer (left) Carol Demi (of UW) Jessica Lenhart Mark Rodney Jeff Hutchinson Bobbi Watt-Greer (of UW) and Rich Tinsman

CARPENTERTECHNOLOGY CARES

Why Customers Love AMEGAVIBEtrade sect Improves weight transfer by reducing

drilling assembly friction

sect Enhances tool face control

sect Reduces stick-slip

sect Reduces lateral and torsional vibration

sect No impact force to bit and tubulars

sect Reduces time for tool face orientation when sliding

Organizational Announcements

Wellness Highlight

Organizational Effectiveness

Carpenter Cares

Promotions

Safety Corner

Exchange NYSECRS Stock Quote

New Hires

IT Matters

A Look Back

IT MattersIf you were a Carpenter employee in January of 1900 you might have worked nearly 52 hours a week to receive a paycheck totaling $970 And if you were lucky you might have had a bathtub or telephone in your home If you worked in a mill you would have noticed one of Carpenterrsquos six locomotives transporting steel around the plant If you had a job in the office at that time you might have been celebrating the invention of the paperclip For entertainment meanwhile you may have enjoyed listening to Scott Joplinrsquos hit song ldquoMaple Leaf Ragrdquo

January 1900

Carpenter FYI 3

Accounts Payable Changes Pay TermsPlease note that effective immediately our official pay terms changed to 60 days for all goods and services being charged to the Company This means that the Accounts Payable department is instructed to pay all invoices within 60 days We are also offering a 2 net day discount option

If in working with a vendor you require an exemption due to a prior signed contract or other mitigating circumstances you will need to request a deviation The deviation work flow is located on the Cash Sustainability Initiative (CSI) SharePoint site You will need Procurement Management approval as well as the appropriate level of Corporate authority to modify the terms

When you are ready to enter a purchase order in the system we recommend that you work with your Procurement representative to ensure it is done correctly This protects Carpenter by applying appropriate terms and conditions and will permanently document the agreed-upon pay terms

Please refer any specific questions to your Procurement representative or Donna Vareha-Walsh at (610) 208-3022 or DVareha-Walshcartechcom

Joe Gibbs Racing Helps Carpenter Celebrate 125Joe Gibbs Racing (JGR) has announced it will join Carpenter at the Companyrsquos 125th anniversary celebration on Saturday May 31 bringing representatives and one of the teamrsquos racecars to FirstGen Stadium

In addition to JGRrsquos racecar display the anniversary celebration will feature activities for all ages along with access to the ballparkrsquos many food vendors

In 2013 JGR completed one of the organizationrsquos strongest seasons ever with 12 wins The organization is currently preparing for another strong season which officially gets underway with the 56th running of the Daytona 500 on February 23

And therersquos more Stay tuned for more updates in future issues of FYI

Facebook ndash wwwfacebookcomCarpenterTech

Google+ ndash httpsplusgooglecomu0105084791778504764621posts

LinkedIn ndash wwwlinkedincomcompanycarpenter-technology

Twitter ndash twittercomCarpenterTech

YouTube ndash wwwyoutubecomCarpenterTechCorp

Corporate website ndash wwwcartechcom

Story ideas comments and questions are always welcome and can be directed to Bucky Rudolph at wrudolphcartechcom

Amega West Singapore TeambuildingEmployees from Amega West Singapore came together in late December for a year-end teambuilding event at a local bowling alley

Carpenter FYI 3

Accounts Payable Changes Pay TermsPlease note that effective immediately our official pay terms changed to 60 days for all goods and services being charged to the Company This means that the Accounts Payable department is instructed to pay all invoices within 60 days We are also offering a 2 net day discount option

If in working with a vendor you require an exemption due to a prior signed contract or other mitigating circumstances you will need to request a deviation The deviation work flow is located on the Cash Sustainability Initiative (CSI) SharePoint site You will need Procurement Management approval as well as the appropriate level of Corporate authority to modify the terms

When you are ready to enter a purchase order in the system we recommend that you work with your Procurement representative to ensure it is done correctly This protects Carpenter by applying appropriate terms and conditions and will permanently document the agreed-upon pay terms

Please refer any specific questions to your Procurement representative or Donna Vareha-Walsh at (610) 208-3022 or DVareha-Walshcartechcom

Joe Gibbs Racing Helps Carpenter Celebrate 125Joe Gibbs Racing (JGR) has announced it will join Carpenter at the Companyrsquos 125th anniversary celebration on Saturday May 31 bringing representatives and one of the teamrsquos racecars to FirstGen Stadium

In addition to JGRrsquos racecar display the anniversary celebration will feature activities for all ages along with access to the ballparkrsquos many food vendors

In 2013 JGR completed one of the organizationrsquos strongest seasons ever with 12 wins The organization is currently preparing for another strong season which officially gets underway with the 56th running of the Daytona 500 on February 23

And therersquos more Stay tuned for more updates in future issues of FYI

Facebook ndash wwwfacebookcomCarpenterTech

Google+ ndash httpsplusgooglecomu0105084791778504764621posts

LinkedIn ndash wwwlinkedincomcompanycarpenter-technology

Twitter ndash twittercomCarpenterTech

YouTube ndash wwwyoutubecomCarpenterTechCorp

Corporate website ndash wwwcartechcom

Story ideas comments and questions are always welcome and can be directed to Bucky Rudolph at wrudolphcartechcom

Amega West Singapore TeambuildingEmployees from Amega West Singapore came together in late December for a year-end teambuilding event at a local bowling alley