From what i've been able to tell by my observations, there are three structural components to the shield, also Elon's post has mentioned this as well.
At the front of the mechanical area ahead of the battery pack, I think there is basically what is an aluminum pole (Elon refers to it in his post as 'rounded hollow aluminum bar'). It's the first line of defense and it is appears to be designed to reposition potential piking objects and have the piking action happen into the titanium plate or the plastic aeroshield or frunk liner area ahead of the battery pack.
Just forward of the battery pack leading edge is the aluminum extrusion with holes and an indention pattern that is positioned at an angle. This piece is designed as the last line of defense. If an object reaches this piece intact, the piece will help push the car up and over it (Elon says 'causes the Model S to ramp up and over the object').
The Titanium plate (which is actually the second line of defense) is just behind the rounded aluminum pole and on top of the aluminum extrusion. It covers almost all of the mechanical area under the front of the frunk, behind the rounded aluminum pole. The plate appears to be very, very strong, so objects that impact it are usually crushed or repositioned in the case of a object that isn't crushed or structurally degraded by the plate (Which keeps the object from piking into the battery) and ejects the object to the side or back of the car.
It really is an ingenious solution that appears to be designed to keep the weight of the material used as light as possible and to be easily retrofitted into existing cars and easily integrated into the production line. Tesla once again shows it's engineering and problem solving chops. I'm no structural engineer, but to my eye, it appears that this is no brute force solution. It's an elegant, efficient design that solves the problem about as efficiently as possible without completely redesigning the front of the car. Great job Tesla!