Financial Data and Key Metrics Changes - Shipments in Q4 2024 were 328,000 tons, down 2% compared to Q4 2023, primarily due to lower shipments in A&T and AS&I [12] - Revenue for Q4 2024 was $1.7 billion, a decrease of 1% compared to Q4 2023, mainly due to lower shipments and unfavorable price and mix, partially offset by higher metal prices [12] - The net loss for Q4 2024 was $47 million, compared to a net income of $5 million in Q4 2023 [13] - Adjusted EBITDA for Q4 2024 was $125 million, which includes a negative impact of $15 million from the flood at Valais and a positive non-cash impact from metal price lag of $27 million [13][14] - For the full year 2024, shipments were 1.4 million tons, down 4% compared to 2023, and revenue was $7.3 billion, a decrease of 6% compared to 2023 [16][17] - Full year net income was $60 million, down from $157 million in 2023, and adjusted EBITDA was $623 million, down from a record $754 million in 2023 [17][18] Business Line Data and Key Metrics Changes - A&T segment adjusted EBITDA for Q4 2024 was $56 million, a decrease of 33% compared to Q4 2023, with volume and price/mix being significant headwinds [33] - P&K segment adjusted EBITDA for Q4 2024 was $56 million, down 34% year-over-year, with automotive shipments decreasing by 10% [36] - AS&I segment adjusted EBITDA for Q4 2024 was $4 million, an 83% decrease compared to Q4 2023, with automotive shipments down 12% [38][40] Market Data and Key Metrics Changes - The aerospace market remains stable, with robust backlogs, but supply chain challenges are causing delays in deliveries [52] - Demand in the packaging market remains healthy in North America and Europe, with expectations for low to mid-single-digit growth [54] - The automotive market is experiencing weakness, particularly in Europe, with production levels still below pre-COVID levels [56] Company Strategy and Development Direction - The company is focused on cost reduction efforts and has accelerated its Vision 2025 cost improvement program in response to market conditions [44][45] - New investments, such as the recycling and casting center in Neuf-Brisach, are expected to contribute positively to future performance [62] - The company aims to achieve adjusted EBITDA of $600 to $630 million in 2025 and $900 million by 2028, with a focus on operational improvements and market recovery [60][61] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that 2024 was a challenging year due to extreme weather and market-driven headwinds, but expressed confidence in the long-term fundamentals of the business [20][22] - The company is monitoring the impact of tariffs and believes they may present opportunities for domestic production [25][30] - Management remains optimistic about the recovery of the Valais facility and the overall market conditions in the coming years [61][65] Other Important Information - Free cash flow for 2024 was negative $100 million, but would have been positive $30 million excluding the impact of the Valais flood [19][47] - The company returned $79 million to shareholders through share repurchases in 2024 [23][49] - The company has a strong liquidity position with $727 million as of the end of 2024 [51] Q&A Session Summary Question: Can you provide more detail on the key tax and input for the 2025 EBITDA guidance? - Management highlighted that adverse market conditions, including tightening scrap spreads and weak automotive demand, will impact 2025 [71][72] Question: Can you walk us through the bridge from 2025 to 2028? - Management indicated that the path to 2028 is expected to be linear, with investments contributing more towards the end of the period [80][82] Question: Is it fair to assume that the weighting for 2025 guidance will be more in the second half? - Management agreed that the first quarter will be weaker due to seasonality and the impact of the Valais flood, with improvements expected in the second half [94][95] Question: What are the key assumptions for market growth and shipment growth across major markets? - Management expects stable aerospace volumes but a weaker mix, continued weakness in automotive, and improvement in packaging [112][114] Question: How will the company respond to sustained pressure on scrap prices? - Management noted that they can switch inputs and are prepared to adjust their sourcing strategies as needed [130][132]

Fourth Quarter and Full Year 2024 Earnings Call February 20, 2025 Forward-Looking Statements Certain statements contained in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This presentation may contain "forward-looking statements" with respect to our business, results of operations and financial condition, and our expectations or beliefs concerning future events and conditions. You can identify forward-looking statement ...

Company Performance - Constellium reported a quarterly loss of $0.34 per share, significantly below the Zacks Consensus Estimate of $0.02, marking an earnings surprise of -1,800% [1] - The company posted revenues of $1.72 billion for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 4.02%, but down from $1.74 billion year-over-year [2] - Over the last four quarters, Constellium has surpassed consensus EPS estimates only once and has topped consensus revenue estimates twice [2] Stock Outlook - Constellium shares have declined approximately 11.7% since the beginning of the year, contrasting with the S&P 500's gain of 4.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.24 on revenues of $1.9 billion, and for the current fiscal year, it is $1.36 on revenues of $7.7 billion [7] Industry Context - The Metal Products - Distribution industry, to which Constellium belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Constellium's stock performance [5]

Financial Performance - Shipments for Q4 2024 were 328 thousand metric tons, down 2% from Q4 2023, and full year shipments totaled 1.4 million metric tons, down 4% compared to 2023[10]. - Revenue for Q4 2024 was $1,721 million, a decrease of 1% from Q4 2023, while full year revenue was $7.3 billion, down 6% compared to 2023[10]. - The net loss for Q4 2024 was $47 million, compared to a net income of $5 million in Q4 2023, with full year net income at $60 million, down 62% from $157 million in 2023[10]. - Adjusted EBITDA for Q4 2024 was $125 million, down from $164 million in Q4 2023, and full year Adjusted EBITDA was $623 million, a decrease of 6% from 2023[10]. - Revenue for 2024 was $1.4 billion, a decrease of 19% compared to the previous year, mainly due to lower shipments and unfavorable price and mix, partially offset by higher metal prices[18]. - The net loss for Q4 2024 was $47 million, compared to a net income of $5 million in Q4 2023, attributed to lower gross profit and higher expenses[21]. - Net income for the year ended December 31, 2024, was $60 million, down from $157 million in 2023, representing a decrease of 61.1%[37]. - Total revenue for the year ended December 31, 2024, was $7,335 million, a decrease of 6.3% compared to $7,826 million in 2023[39]. - The adjusted EBITDA for the year ended December 31, 2024, was $623 million, down 5.9% from $662 million in 2023[41]. Segment Performance - Segment Adjusted EBITDA for Aerospace & Transportation (A&T) was $56 million in Q4 2024, down 33% year-over-year, while full year A&T Adjusted EBITDA was $285 million, down 19% from 2023[12]. - Segment Adjusted EBITDA for Packaging & Automotive Rolled Products (P&ARP) was $56 million in Q4 2024, a decrease of 34% compared to Q4 2023, with full year P&ARP Adjusted EBITDA at $242 million, down 21% from 2023[14]. - Segment Adjusted EBITDA for Automotive Structures & Industry (AS&I) was $4 million in Q4 2024, down 83% year-over-year, and full year AS&I Adjusted EBITDA was $74 million, a decrease of 43% from 2023[17]. - For the full year of 2024, Segment Adjusted EBITDA was $74 million, a decrease of 43% compared to 2023, primarily due to lower shipments and a $20 million impact from flooding at Valais[18]. - The adjusted EBITDA for the Aerospace and Transportation segment decreased from $351 million in 2023 to $285 million in 2024, a decline of 18.8%[38]. Cash Flow and Liquidity - Cash from Operations for Q4 2024 was $61 million, while Free Cash Flow was $(85) million, and for the full year, Cash from Operations was $301 million with Free Cash Flow at $(100) million[10]. - Free Cash Flow for 2024 was $(100) million, a decline from $67 million in 2023, primarily due to lower Segment Adjusted EBITDA and higher capital expenditures[23]. - Cash flows from operating activities were $301 million in 2024, down from $432 million in the prior year[24]. - Liquidity at December 31, 2024, was $727 million, consisting of $141 million in cash and cash equivalents and $586 million available under committed lending facilities[26]. - The company reported a net cash flow from operating activities of $301 million for the year ended December 31, 2024, compared to $432 million in 2023, a decrease of 30.3%[37]. - The company reported a net cash flow from operating activities of $61 million for the three months ended December 31, 2024, down from $173 million in the same period of 2023[43]. Debt and Equity - Net debt increased to $1,776 million at December 31, 2024, compared to $1,704 million at the end of 2023[27]. - The long-term debt remained relatively stable, decreasing slightly from $1,888 million in 2023 to $1,879 million in 2024[35]. - The company’s equity attributable to equity holders decreased from $718 million in 2023 to $706 million in 2024, a decline of 1.7%[35]. - Net debt as of December 31, 2024, was $1,776 million, an increase of 4.2% from $1,704 million in 2023[44]. Future Outlook - For 2025, the company expects Adjusted EBITDA in the range of $600 million to $630 million and Free Cash Flow in excess of $120 million[9]. - Long-term targets for 2028 include an expected Adjusted EBITDA of $900 million and Free Cash Flow of $300 million[9]. - The company expects Adjusted EBITDA for 2025 to be in the range of $600 million to $630 million and Free Cash Flow to exceed $120 million[29]. Other Financial Metrics - Total assets decreased from $4,933 million in 2023 to $4,734 million in 2024, a decline of approximately 4.0%[35]. - Cash and cash equivalents at the end of 2024 were $141 million, down from $223 million at the end of 2023, a decrease of 36.8%[37]. - The company incurred restructuring costs of $11 million in 2024 related to cost reduction programs in the United States and Europe[42]. - The financial impact of the Valais flood in 2024 was $33 million of Adjusted EBITDA and $45 million of Free Cash Flow[28]. - The metal price lag adjustment for the year ended December 31, 2024, negatively impacted earnings by $55 million, compared to a positive impact of $92 million in 2023[45]. - Total invested capital as of December 31, 2024, was $3,202 million, slightly up from $3,173 million in 2023[45]. - The Adjusted Return on Invested Capital (ROIC) for 2024 was 5.5%, a decrease from 10.5% in 2023[45]. - The company repurchased ordinary shares worth $79 million during the year ended December 31, 2024[37].

PARIS, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the fourth quarter and full year ended December 31, 2024. On January 15, 2025, the Company announced that, while it remains a foreign private issuer under applicable rules, it intends to voluntarily file its SEC reports on U.S. domestic issuer forms. As a result, beginning in 2025, Constellium will voluntarily file annual reports on Form 10-K, quarterly reports on Form 10-Q, and c ...

PARIS, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) today announced a minimum price increase of $0.15 per pound for all flat rolled products shipped in the US, due to recent market dynamics and other economic drivers. Select products may require higher increases. The increase is effective immediately, as contracts allow. About Constellium Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value-added aluminum products for a broad scope of markets and applications, ...

PARIS, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) will host a conference call and webcast on Thursday, February 20, 2025, at 10:00 AM (Eastern Time) to announce its fourth quarter and full year 2024 results. The press release will be sent before market opening. The conference call will be hosted by Jean-Marc Germain, Chief Executive Officer, and Jack Guo, Senior Vice President and Chief Financial Officer. Details of the conference call, webcast and accompanying presentation will be availa ...

PARIS, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Constellium SE (NYSE:CSTM) ("Constellium" or the "Company") announced today that, while it remains a foreign private issuer under applicable rules, it intends to voluntarily file its SEC reports on U.S. domestic issuer forms. As a result, beginning in 2025, Constellium will voluntarily file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. In addition, Constellium expects to voluntarily file the proxy statement for its 2025 ...

Exhibit 99.1 RESS RELEASE October 23, 2024 Constellium Reports Third Quarter 2024 Results Paris - Constellium SE (NYSE: CSTM) ("Constellium" or the "Company") today reported results for the third quarter ended September 30, 2024. As a reminder of the press release issued on February 21, 2024 and following the SEC comment letter review process, Constellium will no longer report Value-Added Revenue (VAR), a Non-GAAP financial measure. In addition, the Company has revised its definition of consolidated Adjuste ...

Financial Data and Key Metrics - Shipments were 352,000 tons, down 5% YoY, primarily due to lower shipments in A&T and AS&I segments [5] - Revenue decreased 5% YoY to EUR 1.6 billion, driven by lower shipments, partially offset by higher metal prices [5] - Net income was EUR 3 million, compared to EUR 64 million in Q3 2023, which included a EUR 36 million gain from the sale of the CED business [6] - Adjusted EBITDA was EUR 110 million, including a negative impact of EUR 17 million from the Valais flood and EUR 3 million from metal price lag [6] - Excluding the flood and metal price lag impacts, adjusted EBITDA was EUR 130 million, down from EUR 168 million in Q3 2023 [6] - Free cash flow was negative EUR 10 million, including a EUR 6 million negative impact from the Valais flood [8] - Leverage at the end of Q3 was 2.8x, slightly above the target range of 1.5x to 2.5x [14] Segment Performance PARP Segment - Adjusted EBITDA of EUR 61 million, down 9% YoY [9] - Packaging shipments increased 3% YoY, while automotive shipments decreased 6% due to weakening demand in North America and Europe [9] - Costs were a headwind of EUR 6 million due to unfavorable metal costs [9] A&T Segment - Adjusted EBITDA of EUR 47 million, down 41% YoY [10] - Volume was a EUR 10 million headwind due to lower TID shipments, impacted by the Valais flood [10] - Price and mix were a EUR 12 million headwind due to softer pricing in TID and weaker aerospace mix [10] AS&I Segment - Adjusted EBITDA of EUR 10 million, down 61% YoY [11] - Volume was a EUR 2 million headwind due to lower shipments in automotive and industrial extruded products [11] - Price and mix were a EUR 8 million headwind, primarily due to softer pricing in industrial markets [11] Market Performance - Packaging demand remained healthy, with promotional activity up YoY but below historical levels [18] - Aerospace demand slowed due to supply chain challenges, with demand shifting to the right [7][16] - Automotive demand softened in North America and weakened further in Europe, particularly in luxury and electric vehicle segments [7][17] - Industrial markets in North America and Europe saw sharp declines, with trailer builds down 25%-30% YoY [32][33] Strategic Direction and Industry Competition - The company is accelerating its Vision '25 Cost Improvement Program, targeting over EUR 25 million in cost savings for 2025 [12][30] - New investments in recycling and casting centers are expected to contribute EUR 35-40 million to EBITDA in 2025 [27] - The company remains confident in the long-term fundamentals of its markets, particularly in aerospace, automotive, and packaging [16][17][18] Management Commentary on Operating Environment and Future Outlook - The company expects adjusted EBITDA for 2024 to be in the range of EUR 580-600 million, excluding the impact of the Valais flood and metal price lag [24] - Market conditions deteriorated rapidly in Q3, with no signs of recovery in the near term [24][25] - The company is cautious heading into 2025, with adjusted EBITDA targets delayed pending market recovery [25] Other Important Information - The Valais flood had a significant impact on Q3 results, with an estimated full-year impact of EUR 30-40 million on adjusted EBITDA and EUR 60-70 million on free cash flow [21] - Operations in Valais are expected to fully resume by the end of November 2024, with production ramp-up completed by Q1 2025 [20][21] - The company repurchased 1.2 million shares for US $21 million in Q3, bringing the year-to-date total to 3.1 million shares for over US $60 million [8][13] Q&A Session Summary Question: What are the non-market-related EBITDA drivers? - The Neuf-Brisach recycling center is expected to contribute EUR 35-40 million to EBITDA in 2025 [27] - Vision '25 cost savings are expected to exceed EUR 25 million in 2025 [27] - Aerospace contract re-pricing is expected to contribute between EUR 15-25 million [27] Question: What are the signs of recovery in key markets? - No signs of recovery in automotive and industrial markets, with further declines observed [38] - Aerospace demand is expected to recover as supply chain challenges are resolved, but timing remains uncertain [39][40] Question: What is the impact of the Valais flood on 2025? - The flood impact is expected to be split two-thirds to AS&I and one-third to A&T [53] - Some cash flow impact may extend into 2025, but insurance proceeds will offset these costs [54] Question: What is the free cash flow outlook for 2024? - The company is not providing specific free cash flow guidance due to uncertain market conditions and timing of working capital benefits [55]