Third Quarter 2024 Earnings Call October 23, 2024 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 statements because they c ...

Constellium (CSTM) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -95%. A quarter ago, it was expected that this aluminum company would post earnings of $0.43 per share when it actually produced earnings of $0.52, delivering a surprise of 20.93%.Over the last four quarters, the compa ...

Financial Performance - Shipments in Q3 2024 were 352 thousand metric tons, down 5% compared to Q3 2023 [3] - Revenue in Q3 2024 was €1.6 billion, down 5% compared to Q3 2023 [3] - Net income in Q3 2024 was €3 million, compared to €64 million in Q3 2023 [3] - Adjusted EBITDA in Q3 2024 was €110 million, down from €141 million in Q3 2023 [3] - Free Cash Flow in Q3 2024 was negative €10 million, impacted by €6 million due to the flood in Valais [3] - For the first nine months of 2024, shipments were 1.1 million metric tons, down 4% compared to the same period in 2023 [3] - Revenue for the first nine months of 2024 was €5.2 billion, down 8% compared to the same period in 2023 [3] - Net income for the first nine months of 2024 was €91 million, compared to €118 million in the same period in 2023 [3] - Adjusted EBITDA for the first nine months of 2024 was €461 million, down from €470 million in the same period in 2023 [3] Segment Performance - Packaging & Automotive Rolled Products (P&ARP) segment reported Adjusted EBITDA of €61 million in Q3 2024, down 9% compared to Q3 2023 [9] - Aerospace & Transportation (A&T) segment reported Adjusted EBITDA of €47 million in Q3 2024, down 41% compared to Q3 2023 [12] - Automotive Structures & Industry (AS&I) segment reported Adjusted EBITDA of €10 million in Q3 2024, down 61% compared to Q3 2023 [13] - For the first nine months of 2024, P&ARP segment Adjusted EBITDA was €168 million, down 17% compared to the same period in 2023 [10] - A&T segment Adjusted EBITDA for the first nine months of 2024 was €210 million, down 15% compared to the same period in 2023 [13] - AS&I segment Adjusted EBITDA for the first nine months of 2024 was €75 million, down 31% compared to the same period in 2023 [14] Market Conditions - Packaging demand remained healthy during Q3 2024, while aerospace demand slowed due to supply chain challenges [3] - Automotive demand softened in North America and weakened further in Europe during Q3 2024 [3] - Industrial markets in North America experienced a sharp decline in demand, with further weakness in Europe [3] - The company expects Adjusted EBITDA for 2024 to be in the range of €580 million to €600 million, excluding the impact of the flood in Valais [24] Operational Challenges - The flood in Valais, Switzerland, negatively impacted Adjusted EBITDA by €17 million in Q3 2024 and Free Cash Flow by €6 million [3] - The company expects the total impact of the flood in 2024 to be €30 million to €40 million on Adjusted EBITDA and €60 million to €70 million on Free Cash Flow [23] - Operations in Valais are partially resumed, with full operations expected by the end of November 2024 [22] Share Repurchases and Debt - The company repurchased 1.2 million shares for $21 million in Q3 2024 and 3.1 million shares for $60.4 million in the first nine months of 2024 [3] - Leverage stood at 2.8x at the end of Q3 2024 [3] - The company issued $350 million of 6.375% Senior Notes due 2032 and €300 million of 5.375% Senior Notes due 2032 in Q3 2024 [20] Non-GAAP Measures - The company revised its definition of consolidated Adjusted EBITDA to no longer exclude the non-cash impact of metal price lag [2] - Metal price lag had a negative impact of €3 million in Q3 2024 and a positive impact of €26 million in the first nine months of 2024 [3] - Free Cash Flow for the first nine months of 2024 was €57 million, down from €112 million in the same period in 2023 [19]

As every investor knows — a stock is cheap, and in decline, for a reason.Over the last 12 months, the NYSE-listed shares of global aluminum giant Constellium CSTM are down 12%, while rivals like Alcoa Corporation AA, Kaiser Aluminum Corporation KALU and Century Aluminum Company CENX are all up. Alcoa is up 55%. CENX is like crypto aluminum, up 155.8% in a year.Its price-to-earnings ratio is not bad at 12x, and it has a new $65 million investment in a new aluminum plant being built in Alabama, though that is ...

PARIS, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) is exhibiting at ALUMINIUM 2024 (Hall 3, Booth 3A49), the world's premier trade fair for the aluminium industry, taking place October 8-10 in Düsseldorf. Investor Relations Communications Jason Hershiser Delphine Dahan-Kocher Phone: +1 443 988-0600 Phone: +1 443 420 7860 investor-relations@constellium.com delphine.dahan-kocher@constellium.com This year, Constellium proudly presents its comprehensive range of advanced aluminium solutions wi ...

PARIS, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) is proud to announce that it has received the Supplier of the Year Award from Stellantis for its strong commitment to Corporate Social Responsibility (CSR), applying strict requirements to its business and its supply chain, and receiving positive ratings from renowned international rating agencies. This award also recognizes Constellium's overall best-inclass performance in supplying this customer. A long-time partner of Stellantis' brands ...

PARIS, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Constellium is pleased to announce a partnership with Tesem, a global leader in luxury packaging, to advance sustainable aluminium production through an initiative called "Closing the Loop." This collaboration underscores Constellium's dedication to reducing environmental impact and promoting circular economy practices. Through this partnership, Constellium will work closely with Tesem to create a closed-loop system that enables the recycling of high-purity aluminiu ...

PARIS, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) celebrates today the opening of its new advanced recycling center at its facility in Neuf-Brisach, France. This €130 million investment, supported by a grant from the France Relance investment program, will contribute to Constellium's continued growth in the automotive and packaging industries, while promoting a circular, sustainable economy. The new recycling center will increase the Neuf-Brisach plant's capacity to recycle automotive an ...

PARIS, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE: CSTM) today announced it has achieved Aluminium Stewardship Initiative (ASI) Performance Standard Certification for all its operations, and for its corporate office in Paris. Media Contacts Investor Relations Communications Jason Hershiser Delphine Dahan-Kocher Phone: +1 443 988-0600 Phone: +1 443 420 7860 investor-relations@constellium.com delphine.dahan-kocher@constellium.com All operations are certified to ASI's latest Performance Standard V ...

PARIS, July 25, 2024 (GLOBE NEWSWIRE) -- Constellium SE (NYSE:CSTM) ("Constellium" or the "Company") announced today that the Company has priced a private offering (the "Notes Offering") of €300 million of euro denominated senior unsecured notes due 2032 (the "Euro Notes") and $350 million of U.S. dollar denominated senior unsecured notes due 2032 (the "USD Notes" and together with the Euro Notes, the "Notes"). The Company intends to use the net proceeds of the Notes Offering, together with cash on hand, to ...