Slide 1: Quarter 2016
Quarter 2016 November 10, 2016 Exhibit 99.2
Slide 2: 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 conditi
Slide 3: Non-GAAP measures
Non-GAAP measures This presentation includes information regarding certain non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA per metric ton, Adjusted Free Cash Flow and Net Debt. These measures are presented because management uses this information to monitor and evaluate finan
Slide 4: Jean-Marc Germain, Chief Executive Officer
Jean-Marc Germain Chief Executive Officer
Slide 5: Q3 2016 Highlights (Q3 2016 vs Q3 2015)
Shipments of 377k metric tons, in-line with prior year Revenue of €1.2 billion, down 5% on a product mix shift Net Income of €15 million compared to a net loss of (€45 million) Adjusted EBITDA of €97 million, up 23% Strong operational improvement in P&ARP segment, up 49% with Muscle Shoals contribut
Slide 6: First 100 days
Visited most of our locations and developed a firm grasp on our assets and capabilities Met with many of our customers, investors and analysts; completed investor perception study Reshaped new senior management team Initiated work on a long-term operational, strategic and financial plan for the busi
Slide 7: Corinne Fornara, Interim Chief Financial Officer
Corinne Fornara Interim Chief Financial Officer
Slide 8: Solid growth in Adjusted EBITDA driven by improvement in P&ARP and solid execution in AS&I
Solid growth in Adjusted EBITDA driven by improvement in P&ARP and solid execution in AS&I Adjusted EBITDA (Q3 2016 vs Q3 2015) € millions
Slide 9: Packaging and Automotive Rolled Products Segment
Update on Muscle Shoals Resolved metal management issues Cost reduction initiatives in place In-sourcing used beverage can (UBC) procurement on- track 2016 BiW finishing lines on-track Officially launched new finishing lines at Neuf-Brisach, France and Bowling Green, Kentucky Both lines in qualifica
Slide 10: Aerospace and Transportation Segment
Segment shipments flat at 59 kt, transportation increase offsets seasonal aerospace decrease Solid European aerospace market demand; good aerospace plate production performance 2017-2021 contract with Airbus – focused on higher value-add products (pre-machining) Strong aerospace order book AIRWARE®
Slide 11: Automotive Structures and Industry Segment
Automotive Structures and Industry Segment Segment shipments of 53 kt, up 4% Strong demand in automotive structures, improved demand in soft alloys Continuous operational improvement Continuing solid quarterly performance in Adjusted EBITDA Strong nominations in Crash Management Systems, Automotive
Slide 12: Adjusted Free Cash Flow
Three months ended September 30, 2015 Three months ended September 30, 2016 Adjusted free cash flow reflects high levels of capital expenditures as we continue to improve asset integrity and invest in our growth projects Adjusted Free Cash Flow € millions Cash flows from operating activities Capital
Slide 13: Ample and stable liquidity
Ample and stable liquidity December 31, 2015 June 30, 2016 September 30, 2016 Strong Liquidity € millions Total Debt (*) 2,175 2,450 2,482 Cash and Cash Equivalents (**) Net Debt 1,703 1,828 1,864 Liquidity (***) (*) Including fair value of cross currency interest swap and cash pledged for issuance
Slide 14: Jean-Marc Germain, Chief Executive Officer
Jean-Marc Germain Chief Executive Officer
Slide 15: Key Takeaways From Investor Perception Outreach
Investment appeals Metrics used in measuring success Investment concerns What investors want to know Key Takeaways From Investor Perception Outreach Source: Rivel Balanced business mix Attractive end markets Earnings growth potential Manufacturing excellence New management EBITDA growth Free cash fl
Slide 16: Our Path Forward
Focus on operational excellence, ensure disciplined capital deployment and build financial flexibility Enhance our dialogue with customers, investors and analysts Finalize our long-term operational, strategic and financial plan with a communication planned in March 2017 post earnings announcement Ma
Slide 17: Official Launch at Neuf-Brisach and Bowling Green
In September 2016, opened new auto body sheet 100k metric ton finishing line at Bowling Green, Kentucky under joint venture with UACJ; New finishing line in qualification phase and expected to ship commercial coils in Q4 2016 In October 2016, opened new auto body sheet 100k metric ton finishing line
Slide 18: Expansion and Growth at AS&I
New $10 million manufacturing facility in San Luis Potosí, Mexico to produce aluminium automotive structural components on schedule for completion; Production expected to begin in 2018 New $20 million manufacturing facility in White, Georgia to produce aluminium automotive structural components on s
Slide 19: Key Takeaways
Improved results in P&ARP segment, solid execution in AS&I, and stable performance in A&T Solid Q3 Adjusted EBITDA performance of €97 million, up 23% quarter-over-quarter, and up 11% year-over-year; typical seasonal softness in Q4; solid foundation for 2017 New management team in place and focused o
Slide 20: @& consteltium
@& consteltium
Slide 21: @& consteltium
@& consteltium
Slide 22: Shipments by Product Line, three months
Three months September 30, 2015 Three months September 30, 2016 Shipments by Product Line (000’s metric tons) Packaging rolled products Automotive rolled products Specialty and other thin-rolled products Aerospace rolled products Transportation, industry, and other rolled products Automotive extrude
Slide 23: Shipments by Product Line, nine months
Nine months September 30, 2015 Nine months September 30, 2016 Shipments by Product Line (000’s metric tons) Packaging rolled products Automotive rolled products Specialty and other thin-rolled products Aerospace rolled products Transportation, industry, and other rolled products Automotive extruded
Slide 24: IFRS – Q3 2016 Income Statement
Three months ended September 30, 2015 Three months ended September 30, 2016 IFRS – Q3 2016 Income Statement Revenue 1,259 1,199 Income / (loss) from operations (1) Finance costs – net (40) (45) Share of loss of joint-ventures (1) (6) Income / (loss) before income taxes (42) Income tax expense (3) (1
Slide 25: IFRS – YTD 2016 Income Statement
Nine months ended September 30, 2015 Nine months ended September 30, 2016 IFRS – YTD 2016 Income Statement Revenue 4,031 3,582 Income / (loss) from operations (8) Finance costs – net (119) (130) Share of loss of joint-ventures (2) (8) Income / (loss) before income taxes (129) Income tax (expense) /
Slide 26: IFRS – Statement of Financial Position
At December 31, 2015 At September 30, 2016 IFRS – Statement of Financial Position Non-current assets 2,166 2,218 Current assets 1,449 1,698 Assets held for sale - Total Assets 3,628 3,916 Equity (540) (596) Non-current liabilities 2,962 3,410 Current liabilities 1,193 1,102 Liabilities held for sale
Slide 27: Net Debt Reconciliation
December 31, 2015 June 30, 2016 September 30, 2016 Net Debt Reconciliation Borrowings 2,233 2,498 2,522 Fair value of cross currency interest rate swap (47) (39) (31) Cash and cash equivalents (472) (622) (618) Cash pledged for issuance of guarantees (11) (9) (9) Net Debt 1,703 1,828 1,864 € million
Slide 28: Reconciliation of Net Income to Adjusted EBITDA
Three months ended September 30, 2015 Three months ended September 30, 2016 Nine months ended September 30, 2015 Nine months ended September 30, 2016 Reconciliation of Net Income to Adjusted EBITDA € millions Net income / (income) (45) (123) Income tax expense / (benefit) (6) Income / (loss) before
Slide 29: Liquidity Details
Availability at June 30, 2016 Availability at September 30, 2016 Liquidity Details Ravenswood ABL Wise ABL Factoring Other Total Cash and cash equivalents Total Liquidity € millions
Slide 30: Borrowings Table
At December 31, 2015 At September 30, 2016 Amount Type of rate Nominal rate Effective rate Amount Type of rate Nominal rate Effective rate Borrowings Table Senior Notes Constellium N.V. In U.S. Dollar (due 2024) Fixed 5.75% 6.26% Fixed 5.75% 6.26% In Euro (due 2021) Fixed 4.63% 5.16% Fixed 4.63% 5.1