Slide 1: Second Quarter 2013 – Earnings Call
Exhibit 99.1 Second Quarter 2013 – Earnings Call August 29, 2013
Slide 2: Forward-looking statements
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. Such statements include statements regarding the company’s anticipated financial and operating performanc
Slide 3: Non GAAP measures
Non GAAP measures This presentation includes information regarding certain non-GAAP financial measures, including Management Adjusted EBITDA, Adjusted EBITDA, Adjusted EBITDA per ton, Adjusted Free Cash Flow and Net Debt. These measures are presented because management uses this information to monit
Slide 4: Another continuous quarter of EBITDA growth, reaching a record € 85 million
Another continuous quarter of EBITDA growth, reaching a record € 85 million Key figures: Adjusted EBITDA: € 85m (record high as a standalone company) Strong cash flow from operating activities: € 46m (Adjusted Free Cash Flows*: € 12m) Revenues: € 916m (in line with previous year on a like-for-like b
Slide 5: Content
Content 1. Update on our three core markets (Aerospace, Automotive, Packaging) 2. Financial results and segment reporting 3. Appendix Second Quarter 2013 – Earnings Call 5
Slide 6: Aerospace: new production record achieved in H1
Aerospace: new production record achieved in H1 Market Market remains strong: over $ 100bns orders awarded to OEMs at context Paris Air Show (1) OEM backlog is at record highs Potential overhang in the supply chain at certain of our main customers did not impact our Q2 volumes Constellium Achieved r
Slide 7: Automotive: double digit growth in Auto Body Sheet and Automotive Structures
Automotive: double digit growth in Auto Body Sheet and Automotive Structures Market Premium German OEMs again reported record sales in Q2 context Substitution effects continue to fuel growth in Auto Body Sheet (ABS) and Automotive Structures (AS) Other products, and more particularly extrusions, suf
Slide 8: Packaging: a resilient market
Packaging: a resilient market Market Although July and August have compensated for bad weather in context spring 2013, inventories at can makers and fillers were high at the end of July, triggering a slight correction in Q3 Softness in canstock is compensated for by increased volumes in foilstock, d
Slide 9: Content
Content 1. Update on our three core markets (Aerospace, Automotive, Packaging) 2. Financial results and segment reporting 3. Appendix Second Quarter 2013 – Earnings Call 9
Slide 10: A record € 85 million Adjusted EBITDA and good visibility into Q3 2013
A record € 85 million Adjusted EBITDA and good visibility into Q3 2013 Adjusted EBITDA (€ m) Q2 2013 highlights 83 85 P&ARP and AS&I: higher Adjusted EBITDA year over year and 73 sequentially 40 44 A&T Adjusted EBITDA ahead of Q1 2013; comparisons with Q2 2013 are distorted by: Pull forward of volum
Slide 11: Q2 performance by segment
Q2 performance by segment Quarter summary Segment Adjusted EBITDA € millions and € / ton Q2 2013 is up vs Q1 2013 but not comparable 42,2 with Q2 2012 37,1 Pre-production in 2012 and planned maintenance in 2013 had a combined impact of c. € 9m on EBITDA Negative mix effect on the U.S. coil business
Slide 12: EBITDA level and focus on cash generated € 46 million in Cash Flows from Operating Activities
EBITDA level and focus on cash generated € 46 million in Cash Flows from Operating Activities Adjusted Free Cash Flow Q2 2013 highlights (€ millions) 32 Q2 2013 Q2 2012 Adjusted EBITDA 85 83 19 Add-backs and non-cash items (Metal lag IPO (3) 1 20 / pensions) Fees Exceptional fees (29) (2) 19 Change
Slide 13: Strong Liquidity and Low Leverage
Strong Liquidity and Low Leverage H1 2013 € millions Net Debt 208 Cash and Cash Equivalents 163 Total Secured Debt 371 Net Debt/ 0.8 LTM Adjusted EBITDA Liquidity (*) 404 Long term facilities, no short term debt (*) Liquidity measured as the sum of Cash and Cash Equivalents and availability under lo
Slide 14: Content
Content 1. Update on our three core markets (Aerospace, Automotive, Packaging) 2. Financial results and segment reporting 3. Appendix Second Quarter 2013 – Earnings Call 14
Slide 15: Shareholding structure
Shareholding structure Approximate number of shares, millions, as of end of Q2 2013 = 105 2 = 90 13 20 (19%) Free float 43 38 (36%) Apollo 29 33 (28%) Rio Tinto 13 9 (12%) FSI 5 5 (5%) Management Before IPO Greenshoe After IPO IPO Primary issue (100% primary) Second Quarter 2013 – Earnings Call 15
Slide 16: Quarter-over-Quarter Revenue Comparison
Quarter-over-Quarter Revenue Comparison Q2 2012 vs Q2 2013, Revenues, € millions (24) (39) (SA Divestiture) (LME / FX) 976 916 913 Q2 2012 Revenue Adjustments Comparable Q2 2012 Q2 2013 Revenue Revenue With the pro forma and adjustments for LME and FX, our Q2 revenues are comparable to Q2 last year
Slide 17: Net Profit of € 24m up € 42m vs. Q2 2012
Net Profit of € 24m up € 42m vs. Q2 2012 Q2 2013 Q2 2012 Var. Revenues 916 976 -60 Adjusted EBITDA 85 83 2 Net profit variance Metal lag -10 -8 -2 explained essentially by unrealized positions and Others -5 -3 -2 one shot operations Management adjusted EBITDA 70 72 -2 Pension plans amendments 11 0 1
Slide 18: IFRS – Income Statement
IFRS – Income Statement Income statement (in millions of Euros) Q2 2013 Q2 2012 Change H1 2013 H1 2012 Change Revenues 916 976 (60) 1827 1911 (84) Cost of sales (788) (823) 35 (1572) (1637) 65 Gross profit 128 153 (25) 255 274 (19) Selling, General and administrative expenses (47) (50) 3 (102) (101)
Slide 19: Reconciliation of Net Debt (a non-IFRS measure)
Reconciliation of Net Debt (a non-IFRS measure) € millions Q2 2013 Q2 2012 Borrowings 366 158 Fair value of cross currency interest swap 15 14 Cash and cash equivalents -163 -142 Cash pledged for issuance of guarantees -10 -13 Net Debt 208 17 Second Quarter 2013 – Earnings Call 19