6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2022

Commission File Number: 001-35931

Constellium SE

(Translation of registrant’s name into English)

Washington Plaza, 40-44 rue Washington	300 East Lombard Street Suite 1710
75008 Paris	Baltimore, MD 21202
France	United States
(Head Office)

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  Form 20-F  ☒     Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):    Yes  ☐     No  ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):    Yes  ☐     No  ☒

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached hereto as Exhibit 99.1 is a copy of the press release of Constellium SE (the “Company”), dated July 27, 2022, announcing its financial results for the quarter and first half ended June 30, 2022.

Attached hereto as Exhibit 99.2 is a copy of a presentation of the Company, dated July 27, 2022, summarizing its financial results for the quarter and first half ended June 30, 2022.

Exhibit Index

No.	Description
99.1	Press Release issued by Constellium SE on July 27, 2022.
99.2	Presentation posted by Constellium SE on July 27, 2022.

The information contained in Exhibit 99.1 of this Form 6-K (except for the second paragraph containing certain quotes by the Chief Executive Officer, and the section titled “Outlook”), is incorporated by reference into any offering circular or registration statement (or into any prospectus that forms a part thereof) filed by Constellium SE with the Securities and Exchange Commission. Exhibit 99.2 is not incorporated by reference.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CONSTELLIUM SE (Registrant)
July 27, 2022	By:	/s/ Peter R. Matt
	Name:	Peter R. Matt
	Title:	Chief Financial Officer

EX-99.1

Exhibit 99.1

Constellium Reports Second Quarter 2022 Results

Paris, July 27, 2022 – Constellium SE (NYSE: CSTM) today reported results for the second quarter ended June 30, 2022.

Second quarter 2022 highlights:

• Shipments of 424 thousand metric tons, up 4% compared to Q2 2021

• Revenue of €2.3 billion, up 50% compared to Q2 2021

• Value-Added Revenue (VAR) of €704 million, up 22% compared to Q2 2021

• Net loss of €32 million compared to net income of €108 million in Q2 2021

• Adjusted EBITDA of €198 million, up 17% compared to Q2 2021

• Cash from Operations of €111 million and Free Cash Flow of €60 million

• Repaid €180 million PGE French Facility and CHF 15 million Swiss Facility

First half 2022 highlights:

• Shipments of 825 thousand metric tons, up 4% compared to H1 2021

• Revenue of €4.3 billion, up 49% compared to H1 2021

• VAR of €1.4 billion, up 22% compared to H1 2021

• Net income of €147 million compared to net income of €156 million in H1 2021

• Adjusted EBITDA of €365 million, up 25% compared to H1 2021

• Cash from Operations of €169 million and Free Cash Flow of €86 million

• Net debt / LTM Adjusted EBITDA of 3.0x at June 30, 2022

Jean-Marc Germain, Constellium’s Chief Executive Officer said, “I am very proud of the results our team delivered in the second quarter, including record VAR, record Adjusted EBITDA and strong Free Cash Flow generation. Demand remained strong across most end markets during the quarter, and our team continued to execute very well despite significant inflationary pressures. Both P&ARP and AS&I reported record Adjusted EBITDA as continued strength in packaging and industry demand more than offset continued weakness in automotive caused by the semiconductor shortage and other supply chain challenges. A&T reported very strong second quarter Adjusted EBITDA supported by a greater than 50% increase in aerospace

shipments compared to the same quarter last year and continued strength in transportation, industry and defense (TID). Lastly, we generated Free Cash Flow of €60 million and reduced our leverage to 3.0x.”

Mr. Germain continued, “Macroeconomic and geopolitical risks remain elevated and we expect inflationary pressures to continue, particularly for inputs like energy and regions more directly affected by the ongoing war in Ukraine. However, I am confident in our ability to continue to execute well through these challenging times. Based on our strong performance in the first half of this year and our current outlook for the second half which assumes no major deterioration on the geopolitical front, we are raising our guidance and now expect Adjusted EBITDA of €670 million to €690 million and Free Cash Flow in excess of €170 million in 2022. Following this, we expect our leverage to decline further by the end of the year. We remain focused on executing our strategy, driving operational performance, generating Free Cash Flow and increasing shareholder value.”

•    Group Summary

	Q2 2022			Q2 2021		Var.			YTD 2022		YTD 2021		Var.
Shipments (k metric tons)		424			406		4	%		825		791		4	%
Revenue (€ millions)		2,275			1,518		50	%		4,254		2,859		49	%
VAR (€ millions)		704			575		22	%		1,356		1,112		22	%
Net income / (loss) (€ millions)		(32	)		108		n.m.			147		156		(6	)%
Adjusted EBITDA (€ millions)		198			170		17	%		365		291		25	%
Adjusted EBITDA per metric ton (€)		468			418		12	%		443		368		20	%

The difference between the sum of reported segment revenue and total group revenue includes revenue from certain non-core activities and inter-segment eliminations. The difference between the sum of reported segment Adjusted EBITDA and the Group Adjusted EBITDA is related to Holdings and Corporate.

For the second quarter of 2022, shipments of 424 thousand metric tons increased 4% compared to the second quarter of last year due to higher shipments in each of our segments. Revenue of €2.3 billion increased 50% compared to the second quarter of the prior year primarily due to higher metal prices, improved price and mix and increased volumes. VAR of €704 million increased 22% compared to the second quarter of the prior year primarily due to improved price and mix, favorable foreign exchange translation and higher volumes, partially offset by unfavorable metal costs due to inflation. The net loss of €32 million compares to net income of €108 million in the second quarter of 2021. Adjusted EBITDA of €198 million increased 17% compared to the second quarter of last year due to stronger results in each of our segments.

2

For the first half of 2022, shipments of 825 thousand metric tons increased 4% compared to the first half of 2021 on higher shipments in each of our segments. Revenue of €4.3 billion increased 49% compared to the first half of 2021 primarily due to higher metal prices, improved price and mix and increased volumes. VAR of €1.4 billion increased 22% compared to the first half of 2021 primarily due to improved price and mix, higher volumes and favorable foreign exchange translation, partially offset by unfavorable metal costs due to inflation. Net income of €147 million compares to net income of €156 million in the first half of 2021. Adjusted EBITDA of €365 million increased 25% compared to the first half of 2021 on stronger results in each of our segments.

•    Results by Segment

•    Packaging & Automotive Rolled Products (P&ARP)

	Q2 2022		Q2 2021		Var.			YTD 2022		YTD 2021		Var.
Shipments (k metric tons)		292		284		3	%		568		551		3	%
Revenue (€ millions)		1,348		907		49	%		2,516		1,673		50	%
Adjusted EBITDA (€ millions)		95		94		2	%		177		162		9	%
Adjusted EBITDA per metric ton (€)		327		332		(1	)%		312		294		6	%

For the second quarter of 2022, Adjusted EBITDA increased 2% compared to the second quarter of 2021 primarily due to improved price and mix, favorable metal costs, favorable foreign exchange translation and higher shipments, largely offset by higher operating costs mainly due to inflation. Shipments of 292 thousand metric tons increased 3% compared to the second quarter of the prior year due to higher shipments of packaging and automotive rolled products. Revenue of €1.3 billion increased 49% compared to the second quarter of 2021 primarily due to higher metal prices and improved price and mix.

For the first half of 2022, Adjusted EBITDA of €177 million increased 9% compared to the first half of 2021 primarily due to improved price and mix, favorable metal costs, favorable foreign exchange translation and higher shipments, partially offset by higher operating costs mainly due to inflation. Shipments of 568 thousand metric tons increased 3% compared to the first half of 2021 on higher shipments of packaging rolled products. Revenue of €2.5 billion increased 50% compared to the first half of 2021 primarily due to higher metal prices.

3

•    Aerospace & Transportation (A&T)

	Q2 2022		Q2 2021		Var.			YTD 2022		YTD 2021		Var.
Shipments (k metric tons)		60		53		13	%		115		101		14	%
Revenue (€ millions)		461		287		61	%		846		532		59	%
Adjusted EBITDA (€ millions)		63		42		50	%		116		61		88	%
Adjusted EBITDA per metric ton (€)		1,056		794		33	%		1,010		610		66	%

For the second quarter of 2022, Adjusted EBITDA increased 50% compared to the second quarter of 2021 primarily due to improved price and mix and higher shipments, partially offset by higher operating costs due to inflation and the production ramp-up in aerospace. Shipments of 60 thousand metric tons increased 13% compared to the second quarter of 2021 on higher shipments of aerospace rolled products. Revenue of €461 million increased 61% compared to the second quarter of 2021 on higher metal prices, improved price and mix and higher shipments.

For the first half of 2022, Adjusted EBITDA of €116 million increased 88% compared to the first half of 2021 primarily due to improved price and mix and higher shipments, partially offset by higher operating costs due to inflation and the production ramp-up in aerospace. Shipments of 115 thousand metric tons increased 14% compared to the first half of 2021 on higher shipments of aerospace and TID rolled products. Revenue of €846 million increased 59% compared to the first half of 2021 primarily due to higher metal prices, improved price and mix and higher shipments.

•    Automotive Structures & Industry (AS&I)

	Q2 2022		Q2 2021		Var.			YTD 2022		YTD 2021		Var.
Shipments (k metric tons)		72		69		4	%		142		139		2	%
Revenue (€ millions)		501		345		45	%		960		695		38	%
Adjusted EBITDA (€ millions)		46		41		13	%		83		79		6	%
Adjusted EBITDA per metric ton (€)		641		587		9	%		581		563		3	%

For the second quarter of 2022, Adjusted EBITDA increased 13% compared to the second quarter of 2021 primarily due to improved price and mix and higher shipments, partially offset by higher operating costs mainly due to inflation. Shipments of 72 thousand metric tons increased 4% compared to the second quarter of 2021 due to higher shipments of automotive and other extruded products. Revenue of €501 million increased 45% compared to the second quarter of 2021 primarily due to higher metal prices and improved price and mix.

4

For the first half of 2022, Adjusted EBITDA of €83 million increased 6% compared to the first half of 2021 primarily due to improved price and mix and higher shipments, partially offset by higher operating costs mainly due to inflation. Shipments of 142 thousand metric tons increased 2% compared to the first half of 2021 on higher shipments of other extruded products, partially offset by lower shipments of automotive extruded products. Revenue of €1.0 billion increased 38% compared to the first half of 2021 primarily due to higher metal prices and improved price and mix.

•    Net Income

For the second quarter of 2022, the net loss of €32 million compares to net income of €108 million in the second quarter of the prior year. The decrease in net income is primarily related to a €158 million unfavorable change in unrealized gains and losses on derivatives mostly related to our metal hedging positions and higher selling and administrative expenses, partially offset by higher gross profit and a favorable change in income taxes.

For the first half of 2022, net income of €147 million compares to net income of €156 million in the first half of the prior year. The decrease in net income is primarily related to a €130 million unfavorable change in unrealized gains and losses on derivatives mostly related to our metal hedging positions and higher selling and administrative expenses, partially offset by higher gross profit and lower finance costs.

•    Cash Flow

Free Cash Flow was €86 million in the first half of 2022 compared to €81 million in the first half of the prior year. The increase was primarily due to stronger Adjusted EBITDA and lower cash interest, partially offset by an unfavorable change in working capital, higher cash taxes and increased capital expenditures.

Cash flows from operating activities were €169 million for the first half of 2022 compared to cash flows from operating activities of €148 million in the first half of the prior year. Constellium increased derecognized factored receivables by €10 million for the first half of 2022 compared to a decrease of €14 million in the prior year.

Cash flows used in investing activities were €83 million for the first half of 2022 compared to cash flows used in investing activities of €67 million in the first half of the prior year.

5

Cash flows used in financing activities were €79 million for the first half of 2022 compared to cash flows used in financing activities of €232 million in the first half of the prior year. In the first half of 2022, Constellium drew on the Pan-U.S. ABL due 2026 and used the proceeds and cash on the balance sheet to repay the €180 PGE French Facility due 2022 and the CHF 15 Swiss Facility due 2025. In the first half of 2021, Constellium issued $500 million of 3.75% Sustainability-Linked Senior Notes due 2029 and €300 million of 3.125% Sustainability-Linked Senior Notes due 2029 and used the proceeds and cash on the balance sheet to redeem $650 million of 6.625% Senior Notes due 2025 and $400 million of 5.75% Senior Notes due 2024.

•    Liquidity and Net Debt

Liquidity at June 30, 2022 was €899 million, comprised of €156 million of cash and cash equivalents and €743 million available under our committed lending facilities and factoring arrangements.

Net debt was €1,997 million at June 30, 2022 compared to €1,981 million at December 31, 2021.

In June 2022, the Pan-U.S. ABL was amended to increase the commitment from $400 million to $500 million, provide an incremental revolving credit facility accordion of up to $100 million, and replace the LIBOR reference rate by the SOFR reference rate.

In June 2022, the factoring facility in the U.S. at Muscle Shoals was reduced from $300 million available to $200 million.

In June 2022, the factoring facilities in Germany, Switzerland and Czech Republic were extended from 2023 to 2027 and the combined capacity increased from €150 million to €200 million.

•    Outlook

Based on our current outlook, we expect Adjusted EBITDA in the range of €670 million to €690 million in 2022.

We are not able to provide a reconciliation of this 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 without unreasonable efforts, and these items could significantly impact, either individually or in the aggregate, net income in the future.

6

•    Forward-looking statements

Certain statements contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. This press release 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 contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets, while others are more specific to our business and operations. These risks and uncertainties include, but are not limited to: market competition; economic downturn; disruption to business operations, including the length and magnitude of disruption resulting from the global COVID-19 pandemic; the Russian invasion of Ukraine; the inability to meet customer demand and quality requirements; the loss of key customers, suppliers or other business relationships; supply disruptions; excessive inflation; the capacity and effectiveness of our hedging policy activities; the loss of key employees; levels of indebtedness which could limit our operating flexibility and opportunities; and other risk factors set forth under the heading “Risk Factors” in our Annual Report on Form 20-F, and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law.

•    About Constellium

Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value added aluminium products for a broad scope of markets and applications, including packaging, automotive and aerospace. Constellium generated €6.2 billion of revenue in 2021.

Constellium’s earnings materials for the second quarter ended June 30, 2022, are also available on the company’s website (www.constellium.com).

7

CONSOLIDATED INCOME STATEMENT (UNAUDITED)

	Three months ended June 30,						Six months ended June 30,
(in millions of Euros)	2022			2021			2022			2021
Revenue		2,275			1,518			4,254			2,859
Cost of sales		(2,060	)		(1,319	)		(3,822	)		(2,518	)
Gross profit		215			199			432			341
Selling and administrative expenses		(75	)		(67	)		(143	)		(127	)
Research and development expenses		(10	)		(9	)		(21	)		(20	)
Other gains and losses - net		(134	)		44			(24	)		87
(Loss) / income from operations		(4	)		167			244			281
Finance costs - net		(32	)		(37	)		(62	)		(92	)
(Loss) / income before tax		(36	)		130			182			189
Income tax benefit / (expense)		4			(22	)		(35	)		(33	)
Net (loss) / income		(32	)		108			147			156
Net income attributable to:
Equity holders of Constellium		(34	)		107			143			153
Non-controlling interests		2			1			4			3
Net (loss) / income		(32	)		108			147			156
Earnings per share attributable to the equity holders of Constellium, (in Euros)
Basic		(0.24	)		0.76			1.00			1.09
Diluted		(0.24	)		0.73			0.97			1.04
Weighted average number of shares, (in thousands)
Basic		144,186			140,637			142,939			140,302
Diluted		144,186			146,730			147,184			146,730

8

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME / (LOSS) (UNAUDITED)

	Three months ended June 30,						Six months ended June 30,
(in millions of Euros)	2022			2021			2022			2021
Net (loss) / income		(32	)		108			147			156
Other comprehensive income
Items that will not be reclassified subsequently to the consolidated income statement
Remeasurement on post-employment benefit obligations		79			24			155			89
Income tax on remeasurement on post-employment benefit obligations		(17	)		2			(30	)		(11	)
Items that may be reclassified subsequently to the consolidated income statement
Cash flow hedges		(13	)		3			(15	)		(8	)
Income tax on cash flow hedges		3			(1	)		4			2
Currency translation differences		31			(1	)		42			12
Other comprehensive income		83			27			156			84
Total comprehensive income		51			135			303			240
Attributable to:
Equity holders of Constellium		49			134			299			236
Non-controlling interests		2			1			4			4
Total comprehensive income		51			135			303			240

9

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)

(in millions of Euros)	At June 30, 2022		At December 31, 2021
Assets
Current assets
Cash and cash equivalents		156		147
Trade receivables and other		1,027		683
Inventories		1,360		1,050
Other financial assets		46		58
		2,589		1,938
Non-current assets
Property, plant and equipment		1,994		1,948
Goodwill		491		451
Intangible assets		57		58
Deferred tax assets		124		162
Trade receivables and other		60		55
Other financial assets		14		12
		2,740		2,686
Total Assets		5,329		4,624
Liabilities
Current liabilities
Trade payables and other		1,784		1,377
Borrowings		209		258
Other financial liabilities		97		25
Income tax payable		28		34
Provisions		22		20
		2,140		1,714
Non-current liabilities
Trade payables and other		45		32
Borrowings		1,949		1,871
Other financial liabilities		18		6
Pension and other post-employment benefit obligations		463		599
Provisions		96		97
Deferred tax liabilities		15		14
		2,586		2,619
Total Liabilities		4,726		4,333
Equity
Share capital		3		3
Share premium		420		420
Retained deficit and other reserves		159		(149	)
Equity attributable to equity holders of Constellium		582		274
Non-controlling interests		21		17
Total Equity		603		291
Total Equity and Liabilities		5,329		4,624

10

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

(in millions of Euros)	Share capital		Share premium		Re- measurement			Cash flow hedges			Foreign currency translation reserve			Other reserves		Retained deficit			Total			Non-controlling interests			Total equity
At January 1, 2022		3		420		(94	)		(4	)		19			83		(153	)		274			17			291
Net income		—		—		—			—			—			—		143			143			4			147
Other comprehensive income / (loss)		—		—		125			(11	)		42			—		—			156			—			156
Total comprehensive income / (loss)		—		—		125			(11	)		42			—		143			299			4			303
Share-based compensation		—		—		—			—			—			9		—			9			—			9
Transactions with non-controlling interests		—		—		—			—			—			—		—			—			—			—
At June 30, 2022		3		420		31			(15	)		61			92		(10	)		582			21			603
(in millions of Euros)	Share capital		Share premium		Re- measurement			Cash flow hedges			Foreign currency translation reserve			Other reserves		Retained deficit			Total			Non-controlling interests			Total equity
At January 1, 2021		3		420		(192	)		9			(13	)		68		(410	)		(115	)		14			(101	)
Net income		—		—		—			—			—			—		153			153			3			156
Other comprehensive income / (loss)		—		—		78			(6	)		11			—		—			83			1			84
Total comprehensive income / (loss)		—		—		78			(6	)		11			—		153			236			4			240
Share-based compensation		—		—		—			—			—			7		—			7			—			7
Transactions with non-controlling interests		—		—		—			—			—			—		—			—			(2	)		(2	)
At June 30, 2021		3		420		(114	)		3			(2	)		75		(257	)		128			16			144

11

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

	Three months ended June 30,						Six months ended June 30,
(in millions of Euros)	2022			2021			2022			2021
Net (loss) / income		(32	)		108			147			156
Adjustments
Depreciation and amortization		70			65			136			128
Pension and other post-employment benefits service costs		6			10			11			17
Finance costs - net		32			37			62			92
Income tax (benefit) / expense		(4	)		22			35			33
Unrealized losses / (gains) on derivatives - net and from remeasurement of monetary assets and liabilities - net		143			(15	)		85			(45	)
Losses on disposal		—			—			1			—
Other - net		4			3			8			5
Change in working capital
Inventories		—			(103	)		(256	)		(212	)
Trade receivables		(77	)		(126	)		(287	)		(234	)
Trade payables		5			117			325			300
Other		20			(7	)		4			—
Change in provisions		(2	)		—			(4	)		(4	)
Pension and other post-employment benefits paid		(10	)		(10	)		(21	)		(21	)
Interest paid		(25	)		(28	)		(54	)		(72	)
Income tax (paid) / refunded		(19	)		—			(23	)		5
Net cash flows from operating activities		111			73			169			148
Purchases of property, plant and equipment		(51	)		(42	)		(84	)		(74	)
Property, plant and equipment grants received		—			4			1			7
Net cash flows used in investing activities		(51	)		(38	)		(83	)		(67	)
Proceeds from issuance of long-term borrowings		—			300			—			712
Repayments of long-term borrowings		(183	)		(332	)		(186	)		(870	)
Net change in revolving credit facilities and short-term borrowings		124			(3	)		124			—
Lease repayments		(9	)		(8	)		(20	)		(17	)
Payment of financing costs and redemption fees		—			(10	)		—			(26	)
Transactions with non-controlling interests		(2	)		(2	)		(2	)		(2	)
Other financing activities		5			(32	)		5			(29	)
Net cash flows used in financing activities		(65	)		(87	)		(79	)		(232	)
Net (decrease) / increase in cash and cash equivalent		(5	)		(52	)		7			(151	)
Cash and cash equivalents - beginning of year		160			342			147			439
Effect of exchange rate changes on cash and cash equivalents		1			—			2			2
Cash and cash equivalents - end of period		156			290			156			290

12

SEGMENT ADJUSTED EBITDA

	Three months ended June 30,						Six months ended June 30,
(in millions of Euros)	2022			2021			2022			2021
P&ARP		95			94			177			162
A&T		63			42			116			61
AS&I		46			41			83			79
Holdings and Corporate		(6	)		(7	)		(11	)		(11	)
Total		198			170			365			291

SHIPMENTS AND REVENUE BY PRODUCT LINE

	Three months ended June 30,						Six months ended June 30,
(in k metric tons)	2022			2021			2022			2021
Packaging rolled products		221			213			427			407
Automotive rolled products		61			59			120			122
Specialty and other thin-rolled products		10			12			21			22
Aerospace rolled products		20			13			36			26
Transportation, industry, defense and other rolled products		40			40			79			75
Automotive extruded products		30			29			60			63
Other extruded products		42			40			82			76
Total shipments		424			406			825			791
(in millions of Euros)
Packaging rolled products		985			648			1,837			1,167
Automotive rolled products		308			213			571			421
Specialty and other thin-rolled products		55			46			108			85
Aerospace rolled products		183			100			326			187
Transportation, industry, defense and other rolled products		278			187			520			345
Automotive extruded products		247			176			473			377
Other extruded products		254			169			487			318
Other and inter-segment eliminations		(35	)		(21	)		(68	)		(41	)
Total revenue		2,275			1,518			4,254			2,859

13

NON-GAAP MEASURES

Reconciliation of Revenue to VAR (a non-GAAP measure)

	Three months ended June 30,						Six months ended June 30,
(in millions of Euros)	2022			2021			2022			2021
Revenue		2,275			1,518			4,254			2,859
Hedged cost of alloyed metal		(1,550	)		(886	)		(2,777	)		(1,651	)
Revenue from incidental activities		(5	)		(3	)		(11	)		(11	)
Metal time lag		(16	)		(54	)		(110	)		(85	)
VAR		704			575			1,356			1,112

Reconciliation of net income to Adjusted EBITDA (a non-GAAP measure)

	Three months ended June 30,						Six months ended June 30,
(in millions of Euros)	2022			2021			2022			2021
Net (loss) / income		(32	)		108			147			156
Income tax (benefit) / expense		(4	)		22			35			33
(Loss) / income before tax		(36	)		130			182			189
Finance costs - net		32			37			62			92
(Loss) / income from operations		(4	)		167			244			281
Depreciation and amortization		70			65			136			128
Restructuring costs		—			2			—			3
Unrealized losses / (gains) on derivatives		141			(16	)		84			(44	)
Unrealized exchange losses / (gains) from the remeasurement of monetary assets and liabilities – net		2			1			1			(1	)
Losses on pension plan amendments		—			2			—			2
Share based compensation costs		5			3			9			7
Metal price lag (A)		(16	)		(54	)		(110	)		(85	)
Losses on disposal		—			—			1			—
Adjusted EBITDA		198			170			365			291

(A) Metal price lag represents the financial impact of the timing difference between when aluminium prices included within Constellium’s Revenue are established and when aluminium purchase prices included in Cost of sales are established. The Group accounts for inventory using a weighted average price basis and this adjustment aims to remove the effect of volatility in LME prices. The calculation of the Group metal price lag adjustment is based on an internal standardized methodology calculated at each of Constellium’s manufacturing sites and is primarily calculated as the average value of product recorded in inventory, which approximates the spot price in the market, less the average value transferred out of inventory, which is the weighted average of the metal element of cost of sales, based on the quantity sold in the year.

14

Reconciliation of net cash flows from operating activities to Free Cash Flow (a non-GAAP measure)

	Three months ended June 30,						Six months ended June 30,
(in millions of Euros)	2022			2021			2022			2021
Net cash flows from operating activities		111			73			169			148
Purchases of property, plant and equipment		(51	)		(42	)		(84	)		(74	)
Property, plant and equipment grants received		—			4			1			7
Free Cash Flow		60			35			86			81

Reconciliation of borrowings to Net debt (a non-GAAP measure)

(in millions of Euros)	At June 30, 2022			At December 31, 2021
Borrowings		2,158			2,129
Fair value of net debt derivatives, net of margin calls		(5	)		(1	)
Cash and cash equivalents		(156	)		(147	)
Net debt		1,997			1,981

15

Non-GAAP measures

In addition to the results reported in accordance with International Financial Reporting Standards (“IFRS”), this press release includes information regarding certain financial measures which are not prepared in accordance with IFRS (“non-GAAP measures”). The non-GAAP measures used in this press release are: Adjusted EBITDA, Adjusted EBITDA per metric ton, Free Cash Flow and Net debt. Reconciliations to the most directly comparable IFRS financial measures are presented in the schedules to this press release. We believe these non-GAAP measures are important supplemental measures of our operating and financial performance. By providing these measures, together with the reconciliations, we believe we are enhancing investors’ understanding of our business, our results of operations and our financial position, as well as assisting investors in evaluating the extent to which we are executing our strategic initiatives. However, these non-GAAP financial measures supplement our IFRS disclosures and should not be considered an alternative to the IFRS measures and may not be comparable to similarly titled measures of other companies.

VAR is defined as revenue, excluding revenue from incidental activities, minus cost of metal which includes, cost of aluminium adjusted for metal lag, cost of other alloying metals, freight out costs, and realized gains and losses from hedging. Management believes that VAR is a useful measure of our activity as it eliminates the impact of metal costs from our revenue and reflects the value-added elements of our activity. VAR eliminates the impact of metal price fluctuations which are not under our control and which we generally pass-through to our customers and facilitates comparisons from period to period. VAR is not a presentation made in accordance with IFRS and should not be considered as an alternative to revenue determined in accordance with IFRS.

In considering the financial performance of the business, management and our chief operational decision maker, as defined by IFRS, analyze the primary financial performance measure of Adjusted EBITDA in all of our business segments. The most directly comparable IFRS measure to Adjusted EBITDA is our net income or loss for the period. We believe Adjusted EBITDA, as defined below, is useful to investors and is used by our management for measuring profitability because it excludes the impact of certain non-cash charges, such as depreciation, amortization, impairment and unrealized gains and losses on derivatives as well as items that do not impact the day-to-day operations and that management in many cases does not directly control or influence. Therefore, such adjustments eliminate items which have less bearing on our core operating performance.

Adjusted EBITDA measures are frequently used by securities analysts, investors and other interested parties in their evaluation of Constellium and in comparison to other companies, many of which present an Adjusted EBITDA-related performance measure when reporting their results.

16

Adjusted EBITDA is defined as income / (loss) from continuing operations before income taxes, results from joint ventures, net finance costs, other expenses and depreciation and amortization as adjusted to exclude restructuring costs, impairment charges, unrealized gains or losses on derivatives and on foreign exchange differences on transactions which do not qualify for hedge accounting, metal price lag, share based compensation expense, effects of certain purchase accounting adjustments, start-up and development costs or acquisition, integration and separation costs, certain incremental costs and other exceptional, unusual or generally non-recurring items.

Adjusted EBITDA is the measure of performance used by management in evaluating our operating performance, in preparing internal forecasts and budgets necessary for managing our business and, specifically in relation to the exclusion of the effect of favorable or unfavorable metal price lag, this measure allows management and the investor to assess operating results and trends without the impact of our accounting for inventories. We use the weighted average cost method in accordance with IFRS which leads to the purchase price paid for metal impacting our cost of goods sold and therefore profitability in the period subsequent to when the related sales price impacts our revenues. Management believes this measure also provides additional information used by our lending facilities providers with respect to the ongoing performance of our underlying business activities. Historically, we have used Adjusted EBITDA in calculating our compliance with financial covenants under certain of our loan facilities.

Adjusted EBITDA is not a presentation made in accordance with IFRS, is not a measure of financial condition, liquidity or profitability and should not be considered as an alternative to profit or loss for the period, revenues or operating cash flows determined in accordance with IFRS.

Free Cash Flow is defined as net cash flow from operating activities less capital expenditure, equity contributions and loans to joint ventures and other investing activities. Management believes that Free Cash Flow is a useful measure of the net cash flow generated or used by the business as it takes into account both the cash generated or consumed by operating activities, including working capital, and the capital expenditure requirements of the business. However, Free Cash Flow is not a presentation made in accordance with IFRS and should not be considered as an alternative to operating cash flows determined in accordance with IFRS. Free Cash Flow has certain inherent limitations, including the fact that it does not represent residual cash flows available for discretionary spending, notably because it does not reflect principal repayments required in connection with our debt or capital lease obligations.

Net debt is defined as borrowings plus or minus the fair value of cross currency basis swaps net of margin calls less cash and cash equivalents and cash pledged for the issuance of guarantees. Management believes that Net debt is a useful measure of indebtedness because it takes into account the cash and cash equivalent balances held by the Company as well as the total external debt of the Company. Net debt is not a presentation made in accordance with IFRS, and should not be considered as an alternative to borrowings determined in accordance with IFRS.

17

EX-99.2

Exhibit 99.2 Second Quarter 2022 Earnings Call July 27, 2022

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 contain words such as, but not limited to, “believes,” “expects,” “may,” “should,” “approximately,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” likely,” “will,” “would,” “could” and similar expressions (or the negative of these terminologies or expressions). All forward-looking statements involve risks and uncertainties. Many risks and uncertainties are inherent in our industry and markets, while others are more specific to our business and operations. These risks and uncertainties include, but are not limited to: market competition; economic downturn; disruption to business operations, including the length and magnitude of disruption resulting from the global COVID-19 pandemic; the Russian invasion of Ukraine; the inability to meet customer demand and quality requirements; the loss of key customers, suppliers or other business relationships; supply disruptions; excessive inflation; the capacity and effectiveness of our hedging policy activities; the loss of key employees; levels of indebtedness which could limit our operating flexibility and opportunities; and other risk factors set forth under the heading “Risk Factors” in our Annual Report on Form 20-F, and as described from time to time in subsequent reports filed with the U.S. Securities and Exchange Commission. The occurrence of the events described and the achievement of the expected results depend on many events, some or all of which are not predictable or within our control. Consequently, actual results may differ materially from the forward-looking statements contained in this press release. We undertake no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law. Second Quarter 2022 – Earnings Call 2

Non-GAAP Measures This presentation includes information regarding certain non-GAAP financial measures, including VAR, Adjusted EBITDA, Adjusted EBITDA per metric ton, Free Cash Flow and Net debt. These measures are presented because management uses this information to monitor and evaluate financial results and trends and believes this information to also be useful for investors. Adjusted EBITDA measures are frequently used by securities analysts, investors and other interested parties in their evaluation of Constellium and in comparison to other companies, many of which present an adjusted EBITDA-related performance measure when reporting their results. VAR, Adjusted EBITDA, Adjusted EBITDA per Metric Ton, Free Cash Flow and Net debt are not presentations made in accordance with IFRS and may not be comparable to similarly titled measures of other companies. These non-GAAP financial measures supplement our IFRS disclosures and should not be considered an alternative to the IFRS measures. This presentation provides a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial 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 without unreasonable efforts, and these items could significantly impact, either individually or in the aggregate, our net income in the future. Second Quarter 2022 – Earnings Call 3

Jean-Marc Germain Chief Executive Officer

Q2 2022 Highlights Adjusted EBITDA Bridge (1) € in millions Ø Safety: YTD recordable case rate of 2.2 Ø Shipments: 424kt (+4% YoY) Ø Revenue: €2.3 billion (+50% YoY) +17% Ø Value-Added Revenue (VAR): €704 million (+22% YoY) Ø Net loss: €(32) million Net Debt / LTM Adjusted EBITDA Ø Record Adj. EBITDA: €198 million (+17% YoY) Ø Record Adj. EBITDA in P&ARP and AS&I Down 0.4x Ø Cash from Operations: €111 million Ø Free Cash Flow: €60 million Ø Leverage: 3.0x at June 30, 2022 (1) Recordable case rate measures the number of fatalities, serious injuries, lost-time injuries, restricted work injuries, or medical treatments per one million hours worked Very strong Q2 results despite significant inflationary headwinds Second Quarter 2022 – Earnings Call 5

European Natural Gas Availability ▪ Increased risk that Russia reduces or stops its flow of natural gas to Europe ▪ Difficult to know if and when it may occur, but good logic for it to be gradual ▪ Europe moving quickly to address the challenge – Member states working to find alternative sources with some near-term success – European Commission’s 15% demand reduction plan to address short term supply needs – Broader European Commission plan to end dependence on Russian gas – Gas flows from Russia to Europe in June at 30% of 2016-2021 average ▪ Russian gas dependence varies widely by country across Europe ▪ During COVID most of our plants were deemed critical sectors/industries Our guidance assumes that natural gas will continue to be available albeit at elevated prices Second Quarter 2022 – Earnings Call 6

Peter Matt Chief Financial Officer

VAR Bridge Q2 2022 vs. Q2 2021 € millions +22% Second Quarter 2022 – Earnings Call 8

Packaging & Automotive Rolled Products Q2 2022 Performance Q2 Q2 Ø Record Adjusted EBITDA of €95 million 2022 2021 Var. Ø Higher packaging and automotive Shipments (kt) 292 284 3 % shipments Revenue (€m) 1,348 907 4 9 % Ø Improved price and mix Ø Higher operating costs mainly due to Adj. EBITDA (€m) 95 94 2% inflation partially offset by favorable metal costs Adj. EBITDA (€ / t) 327 332 (1)% Ø Favorable FX translation Q2 Adjusted EBITDA Bridge € in millions Second Quarter 2022 – Earnings Call 9

Aerospace & Transportation Q2 2022 Performance Q2 Q2 Ø Adjusted EBITDA of €63 million 2022 2021 Var. Shipments (kt) 60 53 13% Ø Higher aerospace shipments Ø Improved price and mix Revenue (€m) 461 287 6 1 % Ø Higher operating costs due to inflation Adj. EBITDA (€m) 63 42 50 % and production ramp-up in aerospace Ø Favorable FX translation Adj. EBITDA (€ / t) 1,056 794 3 3% Q2 Adjusted EBITDA Bridge € in millions Second Quarter 2022 – Earnings Call 10

Automotive Structures & Industry Q2 2022 Performance Q2 Q2 Ø Record Adjusted EBITDA of €46 million 2022 2021 Var. Shipments (kt) 72 69 4% Ø Higher industry and automotive shipments Revenue (€m) 501 345 45 % Ø Improved price and mix Adj. EBITDA (€m) 46 41 13 % Ø Higher operating costs mainly due to inflation Adj. EBITDA (€ / t) 641 587 9% Q2 Adjusted EBITDA Bridge € in millions Second Quarter 2022 – Earnings Call 11

Managing the Current Inflationary Environment Q2 Impacts Looking Forward ▪ Inflationary pressures likely to ▪ Significant inflationary pressures in Q2 continue: – Metal supply remains tight – COVID stimulus – Higher costs for alloying elements – Supply chain challenges like magnesium exacerbated by war in Ukraine – Other non-metal costs higher, ▪ Ongoing implications for our particularly European energy businesses: ▪ A number of tools working to offset – Alloying costs likely to remain inflation: elevated – Solid cost control by businesses; – Energy costs in Europe likely to be Vision '25 initiatives helping materially higher – Inflationary protections (i.e. PPI – Labor shortage increasing costs inflators) in existing contracts and challenging operations – New contracts with better pricing – Negative impact on capital and better protections spending budgets Inflation is significant but largely offset by improved pricing and our relentless focus on cost control Second Quarter 2022 – Earnings Call 12

Free Cash Flow H1 Free Cash Flow Highlights H1 2022 H1 2021 Net cash flows from Ø Free Cash Flow of €86 million 169 148 operating activities Ø Strong Adjusted EBITDA Purchases of property, plant and equipment, net of (83) (67) Ø Lower cash interest grants Ø Working capital build (mainly related to higher activity levels and metal prices) Free Cash Flow 86 81 Ø Higher cash taxes and capital expenditures Consistent Free Cash Flow Generation Current 2022 Expectations Ø Free Cash Flow: >€170 million Ø Capex: ~€265-275 million Ø Cash interest: ~€100 million Ø Cash taxes: ~€20-25 million Second Quarter 2022 – Earnings Call 13 € in millions

Net Debt and Liquidity Net Debt and Leverage Debt / Liquidity Highlights € in millions Ø Leverage at 3.0x, a multi-year low Ø Despite €90 million FX impact on debt Ø Expect leverage to continue to decline Ø No near-term bond maturities Ø Strong liquidity position Leverage: Net Debt / LTM Adjusted EBITDAØ Repaid all COVID-related financing Maturity Profile Liquidity € in millions € in millions Committed to deleveraging with year end leverage expected to be below 3.0x Second Quarter 2022 – Earnings Call 14

Jean-Marc Germain Chief Executive Officer

End Market Updates Market Commentary % LTM Revenue • Strong market in North America and in Europe; domestic supply remains tight Packaging • Focus on sustainability driving increased demand for aluminium cans 44% • Mid-single digit annual demand growth supported by can-maker capacity additions in both North America and Europe • Lightweighting megatrend driving increased demand for rolled and extruded products; fleet electrification trend gaining momentum • Consumer demand for luxury cars, light trucks, and SUVs remains strong; Automotive 25% dealer inventories remain low • Demand uncertainty to continue in 2H 2022 as a result of the semiconductor shortage and other supply chain challenges • Major OEMs have announced build rate increases; recovery continued in 2Q 2022 with shipments up >50% YoY Aerospace 7% • Long-term trends expected to remain intact, including increased passenger traffic and higher build rates for single aisle aircraft Transportation, Industry and Defense (Rolled): • North America: Strong demand Other • Europe: Strong demand 24% Specialties Industry (Extrusions): • Europe: Strong demand Demand generally remains very strong; we are benefiting from sustainability driven, secular growth trends across many of our end markets Second Quarter 2022 – Earnings Call 16

Near-Term Challenges, But Well-Positioned to Succeed ▪ Diversified portfolio serving resilient end markets – Packaging - stable and growing – Aerospace/Defense - in recovery/growing – Automotive - operating 15-20% below 2019 baseline with pent up demand ▪ Durable, sustainability-driven secular growth trends driving increased demand for our products; fostering healthy supply/demand dynamics in core markets ▪ Demonstrated pricing power ▪ Execution focused with proven ability to flex costs ▪ Consistent Free Cash Flow generation ▪ Balance sheet rapidly approaching target leverage with no near-term bond maturities and strong liquidity position Constellium has successfully confronted past challenges; highly confident in our ability to prevail Second Quarter 2022 – Earnings Call 17

Q2 Conclusions and Guidance Strong performance in 2Q 2022 Targets – Record Q2 Adjusted EBITDA despite significant 2022 Adjusted EBITDA: inflationary pressures €670 to €690 million – Solid operational performance, strong cost control, and consistent Free Cash Flow generation 2022 Free Cash Flow: – Leverage of 3.0x at quarter-end, a multi-year low >€170 million Long-Term Adjusted Well-positioned to deliver strong performance in 2022 EBITDA: and beyond >€800 million by 2025 Long-Term Leverage: Exciting future ahead with opportunities to grow our 1.5x - 2.5x business and enhance profitability and returns Focused on executing our strategy, delivering our long-term EBITDA guidance, and increasing shareholder value Second Quarter 2022 – Earnings Call 18

Appendix Second Quarter 2022 – Earnings Call 19

Reconciliation of Net Income to Adjusted EBITDA Three months ended June 30, Six months ended June 30, (in millions of Euros) 2022 2021 2022 2021 Net (loss) / income (32) 108 147 156 Income tax (benefit) / expense (4) 22 35 33 (Loss) / income before tax (36) 130 182 189 Finance costs - net 32 37 62 92 (Loss) / income from operations (4) 167 244 281 Depreciation and amortization 70 65 136 128 Restructuring costs — 2 — 3 Unrealized losses / (gains) on derivatives 141 (16) 84 (44) Unrealized exchange losses / (gains) from the 2 1 1 (1) remeasurement of monetary assets and liabilities – net Losses on pension plan amendments — 2 — 2 Share based compensation costs 5 3 9 7 Metal price lag (16) (54) (110) (85) Losses on disposal — — 1 — Adjusted EBITDA 198 170 365 291 Second Quarter 2022 – Earnings Call 20

VAR Reconciliation Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 (in millions of Euros) Revenue 2,275 1,518 4,254 2,859 Hedged cost of alloyed metal (1,550) (886) (2,777) (1,651) Revenue from incidental activities (5) (3) (11) (11) Metal time lag (16) (54) (110) (85) VAR 704 575 1,356 1,112 Adjusted EBITDA 198 170 365 291 VAR Margin 28.1% 2 9.5% 2 6.9 % 2 6.2 % Second Quarter 2022 – Earnings Call 21

Free Cash Flow Reconciliation Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 (in millions of Euros) Net cash flows from operating activities 111 73 169 148 Purchases of property, plant and equipment (51) (42) (84) (74) Property, plant and equipment grants received — 4 1 7 Free Cash Flow 60 35 86 81 H1 2022 H2 2021 H1 2021 H2 2020 H1 2020 H2 2019 H1 2019 (in millions of Euros) Net cash flows from operating activities 169 209 148 182 152 187 260 Purchases of property, plant and equipment (84) (158) (74) (82) (100) (141) (130) Property, plant and equipment grants 1 3 7 3 2 — — received Equity contributions and loans to joint- — — — — — — — ventures Other investing activities — — — — — 3 (4) Free Cash Flow 86 54 81 103 54 49 126 Second Quarter 2022 – Earnings Call 22

Net Debt Reconciliation June 30, March 31, December 31, September 30, June 30, 2022 2022 2021 2021 2021 (in millions of Euros) Borrowings 2,158 2,138 2,129 2,282 2,257 Fair value of net debt derivatives, net of margin (5) (1) (1) 5 9 calls Cash and cash equivalents (156) (160) (147) (323) (290) Net Debt 1,997 1,977 1,981 1,964 1,976 LTM Adjusted EBITDA 655 627 581 545 528 Leverage 3.0x 3.2x 3.4x 3.6x 3.7x Second Quarter 2022 – Earnings Call 23

Reconciliation of Net Income to Adjusted EBITDA Twelve months ended June 30, March 31, December 31, September 30, June 30, (in millions of Euros) 2022 2022 2021 2021 2021 Net income / (loss) 253 393 262 281 202 Income tax expense / (benefit) 57 83 55 48 35 Income / (loss) before tax 310 476 317 329 237 Finance costs - net 137 142 167 161 164 Share of losses of joint ventures — — — — — Income from operations 447 618 484 490 401 Depreciation and amortization 275 270 267 258 255 Impairment of assets — — — 29 38 Restructuring costs — 2 3 3 5 Unrealized losses / (gains) on derivatives 93 (64) (35) (84) (70) Unrealized exchange losses / (gains) from the 1 — (1) (1) (3) remeasurement of monetary assets and liabilities - net Losses on pension plan amendments 30 32 32 2 2 Share based compensation costs 17 15 15 15 14 Metal price lag (212) (250) (187) (169) (117) Start-up and development costs — — — — 1 Losses on disposals 4 4 3 3 4 Bowling Green one-time cost related to the acquisition — — — — — Other — — — (1) (2) Adjusted EBITDA 655 627 581 545 528 Second Quarter 2022 – Earnings Call 24

Borrowings Table At June 30, At December 31, 2022 2021 Nominal Nominal Value in Nominal Value in (Arrangement Accrued Carrying Carrying (in millions of Euros) Currency Rate Euros fees) Interests Value Value Secured Pan-U.S. ABL $ 150 Floating 145 — 1 146 — (due 2026) Secured PGE French Facility € 180 Floating — — — — 180 (repaid in May 2022) Senior Unsecured Notes Issued November 2017 and due 2026 $ 300 5.875% 289 (2) 6 293 268 Issued November 2017 and due 2026 € 400 4.250% 400 (4) 6 402 402 Issued June 2020 and due 2028 $ 325 5.625% 313 (5) 1 309 284 Issued February 2021 and due 2029 $ 500 3.750% 481 (6) 4 479 438 Issued June 2021 and due 2029 € 300 3.125% 300 (5) 5 300 300 Unsecured Swiss Facility CHF 15 1.175% — — — — 14 (repaid in June 2022) Lease liabilities 175 — 1 176 183 Other loans 53 — — 53 60 Total Borrowings 2,156 (22) 24 2,158 2,129 Of which non-current 1,949 1,871 Of which current 209 258 Second Quarter 2022 – Earnings Call 25