ozgurdonmaz Introduction This is our third article about Constellium SE (NYSE:CSTM) for these reasons: (1) to preview Q4-23 earnings and (2) to update our investment thesis. In our view, Constellium is an exceptionally well-managed "specialty metals" company that is often overlooked by investors and/or misconstrued as a "basic materials" company. In reality, Constellium is a specialist in higher-margin, value-added aluminum structures for various industries. As a refresher, readers can access our prior arti ...

Constellium SE (NYSE:CSTM) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Jason Hershiser - Director, IR Jean-Marc Germain - CEO Jack Guo - CFO Conference Call Participants Katja Jancic - BMO Capital Markets Bill Peterson - JPMorgan Corinne Blanchard - Deutsche Bank Josh Sullivan - The Benchmark Company Sean Wondrack - Deutsche Bank Operator Hello, everyone, and welcome to the Constellium Third Quarter 2023 Results. My name is Nadia, and I'll be coordinating the call toda ...

Exhibit 99.1 Constellium Reports Third Quarter 2023 Results Paris, October 25, 2023 – Constellium SE (NYSE: CSTM) today reported results for the third quarter ended September 30, 2023. Third quarter 2023 highlights: Nine months ended September 30, 2023 highlights: Jean-Marc Germain, Constellium's Chief Executive Officer said, "Constellium delivered strong results in the third quarter despite significant inflationary pressures and demand headwinds in several end markets. Adjusted EBITDA of €168 million is a ...

Constellium SE (NYSE:CSTM) Q2 2023 Earnings Conference Call July 26, 2023 10:00 AM ET Company Participants Jason Hershiser - Director, Investor Relations Jean-Marc Germain - Chief Executive Officer Jack Guo - Chief Financial Officer Conference Call Participants Katja Jannick - BMO Bill Peterson - JPMorgan Curt Woodworth - Credit Suisse Timna Tanners - Wolfe Research Corinne Blanchard - Deutsche Bank Josh Sullivan - The Benchmark Company Sean Wondrack - Deutsche Bank Operator Hello, and welcome to today's Co ...

We are directly impacted by the economic conditions that affect our customers and the markets in which they operate. General economic conditions such as the level of disposable income, the level of inflation, the rate of economic growth, the rate of unemployment, exchange rates and currency devaluation or revaluation influence consumer confidence and consumer purchasing power. These factors, in turn, influence the demand for our products in terms of total volumes and prices that can be charged. We attempt t ...

Forward-Looking Statements First Quarter 2023 – Earnings Call Non-GAAP Measures We are not able to provide a reconciliation of Adjusted EBITDA guidance to net income, the comparable GAAP measure, because certain items that are excluded from Adjusted EBITDA cannot be reasonably predicted or are not in our control. In particular, we are unable to forecast the timing or magnitude of realized and unrealized gains and losses on derivative instruments, metal lag, impairment or restructuring charges, or taxes with ...

Constellium SE (NYSE:CSTM) Q1 2023 Earnings Conference Call April 26, 2023 10:00 AM ET Company Participants Jason Hershiser - Director, Investor Relations Jean-Marc Germain - Chief Executive Officer Jack Guo - Chief Financial Officer Conference Call Participants Emily Chieng - Goldman Sachs Curt Woodworth - Credit Suisse Timna Tanners - Wolfe Research Corinne Blanchard - Deutsche Bank Josh Sullivan - The Benchmark Company Katja Jancic - BMO Capital Markets Operator Hello and welcome to the Constellium First ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ FORM 20-F __________________________________________________________________________ ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR ...

Financial Data and Key Metrics - Revenue increased 8% to €1.8 billion in Q4 2022, driven by improved price and mix, partially offset by lower metal prices and shipments [35] - Adjusted EBITDA reached a record €673 million in 2022, up 16% YoY, with a record free cash flow of €182 million [37] - Net income for Q4 2022 was €30 million, compared to €7 million in Q4 2021 [50] - Leverage ratio improved to 2.8x at the end of 2022, down from 3.4x in 2021, with a target range of 1.5x to 2.5x [16][77] Business Segment Performance - **Aerospace**: Shipments increased 50% YoY in Q4 2022, driven by strong demand for new, fuel-efficient aircraft and recovery in passenger traffic [36][89] - **Automotive**: Shipments increased 20% YoY in Q4 2022, supported by new platform launches and strong demand [41] - **Packaging**: Shipments decreased 12% YoY in Q4 2022 due to inventory adjustments and production challenges at Muscle Shoals [36][41] - **A&T Segment**: Adjusted EBITDA per ton is expected to be €800-€900, up from the previous range of €700-€800 [43] Market Performance - **Europe**: 75% of the business has decent visibility, with inventory corrections expected to resolve by the first half of 2023 [5] - **North America**: Demand remains resilient, particularly in aerospace and automotive, while packaging faces short-term inventory adjustments [124] Strategic Direction and Industry Competition - The company is investing in recycling, particularly in Neuf Brisach, France, to improve margins and reduce dependency on primary suppliers [7] - Vision '25 initiative focuses on efficiency improvements, cost reductions, and inflationary protections in contracts [54] - The company is targeting adjusted EBITDA of over €800 million by 2025, supported by strategic investments and strong end-market fundamentals [94][128] Management Commentary on Operating Environment and Outlook - Inflationary pressures in 2023 are expected to be comparable to 2022, with costs rising by approximately €300 million [61] - Energy costs are expected to remain high, with 90% of 2023 energy needs already secured at higher prices [45][174] - The company is confident in passing through most cost increases to customers, with some lag in packaging due to PPI adjustments [139][168] Other Important Information - The company achieved a recordable case rate of 1.8 per million hours worked in 2022, with 12 sites completing the year with zero recordable cases [34][74] - CapEx for 2023 is expected to be between €340 million and €350 million, including investments in cost savings and growth projects [62] Q&A Session Summary Question: What is the outlook for packaging demand in 2023? - Packaging demand is expected to grow at low-single digits (0-2%) in 2023, with long-term growth projected at 2-5% annually [143] Question: How is the company managing inflationary pressures? - The company is leveraging pricing power, cost control measures, and inflationary protections in contracts to offset €300 million in expected cost increases [61][102] Question: What is the visibility on Europe's recovery? - The company has good visibility for 75% of its business in Europe, with inventory corrections expected to resolve by the first half of 2023 [5][146] Question: What is the impact of energy costs on 2023 guidance? - Energy costs are expected to remain high, with 90% of 2023 needs already secured at higher prices, contributing to the €300 million inflationary pressure [45][174] Question: What is the normalized margin level for the PARP segment? - The company expects PARP margins to be in the range of €325-€350 million, with potential upside if automotive demand strengthens [167]

Fourth Quarter and Full Year 2022 Earnings Call February 22, 2023 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 statemen ...