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 October 2022

Commission File Number: 001-35931

Constellium SE

(Translation of registrant’s name into English)

Washington Plaza,	300 East Lombard Street
40-44 rue Washington	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 October 26, 2022, announcing its financial results for the quarter ended September 30, 2022.

Attached hereto as Exhibit 99.2 is a copy of a presentation of the Company, dated October 26, 2022, summarizing its financial results for the quarter ended September 30, 2022.

Exhibit Index

No.	Description
99.1	Press Release issued by Constellium SE on October 26, 2022.
99.2	Presentation posted by Constellium SE on October 26, 2022.

The information contained in Exhibit 99.1 of this Form 6-K (except for the second and third paragraphs 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)
October 26, 2022	By:	/s/ Peter R. Matt
	Name:	Peter R. Matt
	Title:	Chief Financial Officer

EX-99.1

Exhibit 99.1

Constellium Reports Third Quarter 2022 Results

Paris, October 26, 2022 – Constellium SE (NYSE: CSTM) today reported results for the third quarter ended September 30, 2022.

Third quarter 2022 highlights:

• Shipments of 387 thousand metric tons, down 2% compared to Q3 2021

• Revenue of €2.0 billion, up 27% compared to Q3 2021

• Value-Added Revenue (VAR) of €673 million, up 21% compared to Q3 2021

• Net income of €131 million compared to net income of €99 million in Q3 2021

• Adjusted EBITDA of €160 million, up 12% compared to Q3 2021

• Cash from Operations of €154 million and Free Cash Flow of €74 million

Nine months ended September 30, 2022 highlights:

• Shipments of 1.2 million metric tons, up 2% compared to YTD 2021

• Revenue of €6.3 billion, up 41% compared to YTD 2021

• VAR of €2.0 billion, up 21% compared to YTD 2021

• Net income of €278 million compared to net income of €255 million in YTD 2021

• Adjusted EBITDA of €525 million, up 21% compared to YTD 2021

• Cash from Operations of €323 million and Free Cash Flow of €160 million

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

Jean-Marc Germain, Constellium’s Chief Executive Officer said, “Constellium delivered strong results in the third quarter. Adjusted EBITDA of €160 million is a third quarter record and includes record third quarter performances by both A&T and AS&I. Looking across our end markets, packaging demand continues to be resilient. Our shipments were down in the quarter due to operating challenges at our Muscle Shoals facility. Automotive shipments were up double digits in the quarter versus last year with new platform launches driving our growth, but we continue to be impacted by the semiconductor shortage and other supply chain challenges. In aerospace, demand is very strong with shipments up around 50% compared to last year for the second quarter in a row. While we are seeing signs of weakness across certain industrial markets, we like our end market positioning. Free Cash Flow in the third quarter was solid at €74 million.”

“Macroeconomic and geopolitical risks remain elevated and we expect significant inflationary pressures to continue, particularly for inputs like energy and in regions more directly affected by the ongoing war in Ukraine. The Constellium team has demonstrated its relentless focus on execution and cost control and I am confident in our ability to manage our business through these challenging times. We remain focused on executing our strategy, driving operational improvements, strengthening our margins, generating Free Cash Flow and increasing shareholder value,” Mr. Germain continued.

Mr. Germain concluded, “We expect recent demand trends in our markets to continue through the remainder of 2022. Based on our current outlook, in 2022 we expect Adjusted EBITDA at the low end of our range of €670 million to €690 million and Free Cash Flow in excess of €170 million.”

• Group Summary

	Q3 2022		Q3 2021		Var.			YTD 2022		YTD 2021		Var.
Shipments (k metric tons)		387		395		(2	)%		1,212		1,186		2	%
Revenue (€ millions)		2,022		1,587		27	%		6,276		4,446		41	%
VAR (€ millions)		673		558		21	%		2,029		1,670		21	%
Net income (€ millions)		131		99		n.m.			278		255		n.m.
Adjusted EBITDA (€ millions)		160		143		12	%		525		434		21	%
Adjusted EBITDA per metric ton (€)		412		362		14	%		433		366		18	%

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 third quarter of 2022, shipments of 387 thousand metric tons decreased 2% compared to the third quarter of last year due to lower shipments in the Packaging & Automotive Rolled Products segment, partially offset by higher shipments in the Aerospace & Transportation and Automotive Structures & Industry segments. Revenue of €2.0 billion increased 27% compared to the third quarter of the prior year primarily due to improved price and mix and higher metal prices. VAR of €673 million increased 21% compared to the third quarter of the prior year primarily due to improved price and mix and favorable foreign exchange translation, partially offset by lower volumes and unfavorable metal costs due to inflation. Net income of €131 million increased €32 million compared to net income of €99 million in the third quarter of 2021. Adjusted EBITDA of €160 million increased 12% compared to the third quarter of last year due to stronger results in our Aerospace & Transportation, Automotive Structures & Industry and Holdings & Corporate segments, partially offset by weaker results in our Packaging & Automotive Rolled Products segment.

2

For the first nine months of 2022, shipments of 1.2 million metric tons increased 2% compared to the first nine months of 2021 on higher shipments in each of our segments. Revenue of €6.3 billion increased 41% compared to the first nine months of 2021 primarily due to higher metal prices, improved price and mix and higher volumes. VAR of €2.0 billion increased 21% compared to the first nine months of 2021 primarily due to higher volumes, improved price and mix and favorable foreign exchange translation, partially offset by unfavorable metal costs due to inflation. Net income of €278 million increased €23 million compared to net income of €255 million in the first nine months of 2021. Adjusted EBITDA of €525 million increased 21% compared to the first nine months of 2021 on stronger results in our Aerospace & Transportation, Automotive Structures & Industry and Holdings & Corporate segments.

• Results by Segment

• Packaging & Automotive Rolled Products (P&ARP)

	Q3 2022		Q3 2021		Var.			YTD 2022		YTD 2021		Var.
Shipments (k metric tons)		267		281		(5	)%		835		832		0	%
Revenue (€ millions)		1,140		988		15	%		3,656		2,661		37	%
Adjusted EBITDA (€ millions)		78		94		(17	)%		255		256		(1	)%
Adjusted EBITDA per metric ton (€)		291		335		(13	)%		305		308		(1	)%

For the third quarter of 2022, Adjusted EBITDA decreased 17% compared to the third quarter of 2021 as a result of lower shipments and higher operating costs mainly due to inflation and operating challenges at our Muscle Shoals facility which resulted in higher maintenance and supplies costs, partially offset by improved price and mix and favorable foreign exchange translation. Shipments of 267 thousand metric tons decreased 5% compared to the third quarter of the prior year due to lower shipments of packaging and specialty rolled products, partially offset by higher shipments of automotive rolled products. Revenue of €1.1 billion increased 15% compared to the third quarter of 2021 primarily due to improved price and mix and higher metal prices, partially offset by lower shipments.

For the first nine months of 2022, Adjusted EBITDA of €255 million was relatively stable compared to the first nine months of 2021 with improved price and mix, favorable metal costs and favorable foreign exchange translation offset by higher operating costs mainly due to inflation and operating challenges at our Muscle Shoals facility which resulted in higher maintenance and supplies costs. Shipments of 835 thousand metric tons were stable compared to the first nine months of 2021 on higher shipments of automotive rolled products, mostly offset by lower shipments of specialty rolled products. Revenue of €3.7 billion increased 37% compared to the first nine months of 2021 primarily due to higher metal prices.

3

• Aerospace & Transportation (A&T)

	Q3 2022		Q3 2021		Var.			YTD 2022		YTD 2021		Var.
Shipments (k metric tons)		55		52		6	%		170		153		11	%
Revenue (€ millions)		432		289		50	%		1,278		821		56	%
Adjusted EBITDA (€ millions)		45		20		136	%		161		81		99	%
Adjusted EBITDA per metric ton (€)		807		362		123	%		944		525		80	%

For the third quarter of 2022, Adjusted EBITDA increased 136% compared to the third quarter of 2021 primarily due to higher shipments, improved price and mix and favorable foreign exchange translation, partially offset by higher operating costs due to inflation and the production ramp-up in aerospace. Shipments of 55 thousand metric tons increased 6% compared to the third quarter of 2021 on higher shipments of aerospace rolled products, partially offset by lower shipments of TID rolled products. Revenue of €432 million increased 50% compared to the third quarter of 2021 on improved price and mix, higher metal prices, higher shipments and favorable foreign exchange translation.

For the first nine months of 2022, Adjusted EBITDA of €161 million increased 99% compared to the first nine months of 2021 primarily due to higher shipments, improved price and mix and favorable foreign exchange translation, partially offset by higher operating costs due to inflation and the production ramp-up in aerospace. Shipments of 170 thousand metric tons increased 11% compared to the first nine months of 2021 on higher shipments of aerospace rolled products. Revenue of €1.3 billion increased 56% compared to the first nine months of 2021 primarily due to higher metal prices, improved price and mix and higher shipments.

• Automotive Structures & Industry (AS&I)

	Q3 2022		Q3 2021		Var.			YTD 2022		YTD 2021		Var.
Shipments (k metric tons)		65		62		4	%		207		201		3	%
Revenue (€ millions)		473		326		45	%		1,433		1,021		40	%
Adjusted EBITDA (€ millions)		35		32		7	%		118		111		6	%
Adjusted EBITDA per metric ton (€)		544		528		3	%		570		553		3	%

4

For the third quarter of 2022, Adjusted EBITDA increased 7% compared to the third quarter of 2021 primarily due to higher shipments and improved price and mix, partially offset by higher operating costs mainly due to inflation. Shipments of 65 thousand metric tons increased 4% compared to the third quarter of 2021 due to higher shipments of automotive extruded products. Revenue of €473 million increased 45% compared to the third quarter of 2021 primarily due to improved price and mix and higher metal prices.

For the first nine months of 2022, Adjusted EBITDA of €118 million increased 6% compared to the first nine months of 2021 primarily due to higher shipments and improved price and mix, partially offset by higher operating costs mainly due to inflation. Shipments of 207 thousand metric tons increased 3% compared to the first nine months of 2021 on higher shipments of other extruded products. Revenue of €1.4 billion increased 40% compared to the first nine months of 2021 primarily due to higher metal prices and improved price and mix.

• Net Income

For the third quarter of 2022, net income of €131 million compares to net income of €99 million in the third quarter of the prior year. The increase in net income is primarily related to the recognition of deferred tax assets previously unrecognized, partially offset by realized losses on derivatives mostly related to our metal hedging positions and lower gross profit.

For the first nine months of 2022, net income of €278 million compares to net income of €255 million in first nine months of the prior year. The increase in net income is primarily related to the recognition of deferred tax assets previously unrecognized, higher gross profit and lower finance costs, partially offset by realized and unrealized losses on derivatives mostly related to our metal hedging positions and higher selling and administrative expenses.

• Cash Flow

Free Cash Flow was €160 million in the first nine months of 2022 compared to €121 million in the first nine months of the prior year. The increase was primarily due to stronger Adjusted EBITDA and lower cash interest, partially offset by increased capital expenditures and higher cash taxes.

Cash flows from operating activities were €323 million for the first nine months of 2022 compared to cash flows from operating activities of €239 million in the first nine months of the prior year. Constellium increased derecognized factored receivables by €22 million for the first nine months of 2022 compared to a decrease of €30 million in the prior year.

Cash flows used in investing activities were €163 million for the first nine months of 2022 compared to cash flows used in investing activities of €118 million in the first nine months of the prior year.

5

Cash flows used in financing activities were €141 million for the first nine months of 2022 compared to cash flows used in financing activities of €241 million in the first nine months of the prior year. In the first nine months 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 million PGE French Facility due 2022 and the CHF 15 million Swiss Facility due 2025. In the first nine months 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 September 30, 2022 was €819 million, comprised of €171 million of cash and cash equivalents and €648 million available under our committed lending facilities and factoring arrangements.

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

• 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 third quarter ended September 30, 2022, are also available on the company’s website (www.constellium.com).

7

CONSOLIDATED INCOME STATEMENT (UNAUDITED)

	Three months ended September 30,						Nine months ended September 30,
(in millions of Euros)	2022			2021			2022			2021
Revenue		2,022			1,587			6,276			4,446
Cost of sales		(1,889	)		(1,419	)		(5,711	)		(3,937	)
Gross profit		133			168			565			509
Selling and administrative expenses		(63	)		(60	)		(206	)		(187	)
Research and development expenses		(11	)		(10	)		(32	)		(30	)
Other gains and losses - net		(29	)		55			(53	)		142
Income from operations		30			153			274			434
Finance costs - net		(36	)		(34	)		(98	)		(126	)
(Loss) / income before tax		(6	)		119			176			308
Income tax benefit / (expense)		137			(20	)		102			(53	)
Net income		131			99			278			255
Net income attributable to:
Equity holders of Constellium		130			97			273			250
Non-controlling interests		1			2			5			5
Net income		131			99			278			255
Earnings per share attributable to the equity holders of Constellium, (in Euros)
Basic		0.90			0.68			1.90			1.77
Diluted		0.88			0.65			1.86			1.69
Weighted average number of shares, (in thousands)
Basic		144,302			141,677			143,398			140,765
Diluted		146,759			147,148			146,759			147,148

8

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

	Three months ended September 30,						Nine months ended September 30,
(in millions of Euros)	2022			2021			2022			2021
Net income		131			99			278			255
Other comprehensive income
Items that will not be reclassified subsequently to the consolidated income statement
Remeasurement on post-employment benefit obligations		26			5			181			94
Income tax on remeasurement on post- employment benefit obligations		(9	)		(3	)		(39	)		(14	)
Items that may be reclassified subsequently to the consolidated income statement
Cash flow hedges		(12	)		(6	)		(27	)		(14	)
Income tax on cash flow hedges		3			1			7			3
Currency translation differences		47			10			89			22
Other comprehensive income		55			7			211			91
Total comprehensive income		186			106			489			346
Attributable to:
Equity holders of Constellium		184			104			483			340
Non-controlling interests		2			2			6			6
Total comprehensive income		186			106			489			346

9

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)

(in millions of Euros)	At September 30, 2022		At December 31, 2021
Assets
Current assets
Cash and cash equivalents		171		147
Trade receivables and other		822		683
Inventories		1,383		1,050
Other financial assets		47		58
		2,423		1,938
Non-current assets
Property, plant and equipment		2,057		1,948
Goodwill		522		451
Intangible assets		57		58
Deferred tax assets		275		162
Trade receivables and other		53		55
Other financial assets		18		12
		2,982		2,686
Total Assets		5,405		4,624
Liabilities
Current liabilities
Trade payables and other		1,690		1,377
Borrowings		154		258
Other financial liabilities		87		25
Income tax payable		24		34
Provisions		22		20
		1,977		1,714
Non-current liabilities
Trade payables and other		40		32
Borrowings		2,015		1,871
Other financial liabilities		28		6
Pension and other post-employment benefit obligations		450		599
Provisions		97		97
Deferred tax liabilities		5		14
		2,635		2,619
Total Liabilities		4,612		4,333
Equity
Share capital		3		3
Share premium		420		420
Retained earnings / (deficit) and other reserves		347		(149	)
Equity attributable to equity holders of Constellium		770		274
Non-controlling interests		23		17
Total Equity		793		291
Total Equity and Liabilities		5,405		4,624

10

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

(in millions of Euros)	Share capital		Share premium		Re- measure ment			Cash flow hedges			Foreign currency translation reserve			Other reserves		Retained (deficit) / earnings			Total			Non- controlling interests			Total equity
At January 1, 2022		3		420		(94	)		(4	)		19			83		(153	)		274			17			291
Net income		—		—		—			—			—			—		273			273			5			278
Other comprehensive income / (loss)		—		—		142			(20	)		88			—		—			210			1			211
Total comprehensive income / (loss)		—		—		142			(20	)		88			—		273			483			6			489
Share-based compensation		—		—		—			—			—			13		—			13			—			13
Transactions with non-controlling interests		—		—		—			—			—			—		—			—			—			—
At September 30, 2022		3		420		48			(24	)		107			96		120			770			23			793
(in millions of Euros)	Share capital		Share premium		Re- measure ment			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		—		—		—			—			—			—		250			250			5			255
Other comprehensive income / (loss)		—		—		80			(11	)		21			—		—			90			1			91
Total comprehensive income / (loss)		—		—		80			(11	)		21			—		250			340			6			346
Share-based compensation		—		—		—			—			—			11		—			11			—			11
Transactions with non-controlling interests		—		—		—			—			—			—		—			—			(2	)		(2	)
At September 30, 2021		3		420		(112	)		(2	)		8			79		(160	)		236			18			254

11

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

	Three months ended September 30,						Nine months ended September 30,
(in millions of Euros)	2022			2021			2022			2021
Net income		131			99			278			255
Adjustments
Depreciation and amortization		73			67			209			195
Pension and other post-employment benefits service costs		7			8			18			25
Finance costs - net		36			34			98			126
Income tax (benefit) / expense		(137	)		20			(102	)		53
Unrealized (gains) / losses on derivatives - net and from remeasurement of monetary assets and liabilities - net		(18	)		(23	)		67			(68	)
Losses on disposal		1			1			2			1
Other - net		4			3			12			8
Change in working capital
Inventories		18			(122	)		(238	)		(334	)
Trade receivables		195			(23	)		(92	)		(257	)
Trade payables		(119	)		56			206			356
Other		(1	)		15			3			15
Change in provisions		(3	)		(3	)		(7	)		(7	)
Pension and other post-employment benefits paid		(12	)		(13	)		(33	)		(34	)
Interest paid		(31	)		(27	)		(85	)		(99	)
Income tax refunded / (paid)		10			(1	)		(13	)		4
Net cash flows from operating activities		154			91			323			239
Purchases of property, plant and equipment		(80	)		(54	)		(164	)		(128	)
Property, plant and equipment grants received		—			3			1			10
Net cash flows used in investing activities		(80	)		(51	)		(163	)		(118	)
Proceeds from issuance of long-term borrowings		—			—			—			712
Repayments of long-term borrowings		(2	)		(2	)		(188	)		(871	)
Net change in revolving credit facilities and short-term borrowings		(57	)		1			67			—
Lease repayments		(7	)		(8	)		(27	)		(25	)
Payment of financing costs and redemption fees		(1	)		(2	)		(1	)		(28	)
Transactions with non-controlling interests		—			—			(2	)		(2	)
Other financing activities		5			2			10			(27	)
Net cash flows used in financing activities		(62	)		(9	)		(141	)		(241	)
Net increase / (decrease) in cash and cash equivalent		12			31			19			(120	)
Cash and cash equivalents - beginning of year		156			290			147			439
Effect of exchange rate changes on cash and cash equivalents		3			2			5			4
Cash and cash equivalents - end of period		171			323			171			323

12

SEGMENT ADJUSTED EBITDA

	Three months ended September 30,					Nine months ended September 30,
(in millions of Euros)	2022		2021			2022			2021
P&ARP		78		94			255			256
A&T		45		20			161			81
AS&I		35		32			118			111
Holdings and Corporate		2		(3	)		(9	)		(14	)
Total		160		143			525			434

SHIPMENTS AND REVENUE BY PRODUCT LINE

	Three months ended September 30,						Nine months ended September 30,
(in k metric tons)	2022			2021			2022			2021
Packaging rolled products		196			215			623			622
Automotive rolled products		64			55			184			177
Specialty and other thin-rolled products		7			11			28			33
Aerospace rolled products		19			13			55			39
Transportation, industry, defense and other rolled products		36			39			115			114
Automotive extruded products		29			26			89			89
Other extruded products		36			36			118			112
Total shipments		387			395			1,212			1,186
(in millions of Euros)
Packaging rolled products		792			730			2,629			1,897
Automotive rolled products		308			216			879			637
Specialty and other thin-rolled products		40			42			148			127
Aerospace rolled products		184			92			510			279
Transportation, industry, defense and other rolled products		248			197			768			542
Automotive extruded products		248			167			721			544
Other extruded products		225			159			712			477
Other and inter-segment eliminations		(23	)		(16	)		(91	)		(57	)
Total revenue		2,022			1,587			6,276			4,446

13

NON-GAAP MEASURES

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

	Three months ended September 30,						Nine months ended September 30,
(in millions of Euros)	2022			2021			2022			2021
Revenue		2,022			1,587			6,276			4,446
Hedged cost of alloyed metal		(1,414	)		(966	)		(4,191	)		(2,617	)
Revenue from incidental activities		(5	)		(4	)		(16	)		(15	)
Metal time lag		70			(59	)		(40	)		(144	)
VAR		673			558			2,029			1,670

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

	Three months ended September 30,						Nine months ended September 30,
(in millions of Euros)	2022			2021			2022			2021
Net income		131			99			278			255
Income tax (benefit) / expense		(137	)		20			(102	)		53
(Loss) / income before tax		(6	)		119			176			308
Finance costs - net		36			34			98			126
Income from operations		30			153			274			434
Depreciation and amortization		73			67			209			195
Restructuring costs		—			—			—			3
Unrealized (gains) / losses on derivatives		(19	)		(23	)		65			(67	)
Unrealized exchange losses / (gains) from the remeasurement of monetary assets and liabilities – net		1			—			2			(1	)
Losses on pension plan amendments		—			—			—			2
Share based compensation costs		4			4			13			11
Metal price lag (A)		70			(59	)		(40	)		(144	)
Losses on disposal		1			1			2			1
Adjusted EBITDA		160			143			525			434

(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						Nine months ended
	September 30,						September 30,
(in millions of Euros)	2022			2021			2022			2021
Net cash flows from operating activities		154			91			323			239
Purchases of property, plant and equipment		(80	)		(54	)		(164	)		(128	)
Property, plant and equipment grants received		—			3			1			10
Free Cash Flow		74			40			160			121

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

(in millions of Euros)	At September 30, 2022			At December 31, 2021
Borrowings		2,169			2,129
Fair value of net debt derivatives, net of margin calls		(1	)		(1	)
Cash and cash equivalents		(171	)		(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: VAR, 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

Third Quarter 2022 Earnings Call October 26, 2022 Exhibit 99.2

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. Forward-Looking Statements

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.

Jean-Marc Germain Chief Executive Officer

Ø Safety: YTD recordable case rate(1) of 1.8 Ø Shipments: 387kt (-2% YoY) Ø Revenue: €2.0 billion (+27% YoY) Ø Value-Added Revenue (VAR): €673 million (+21% YoY) Ø Net income: €131 million(2) Ø Record Q3 Adj. EBITDA: €160 million (+12% YoY) Ø Record Q3 Adj. EBITDA in A&T and AS&I Ø Cash from Operations: €154 million Ø Free Cash Flow: €74 million Ø Leverage: 3.0x at September 30, 2022 Strong Q3 results despite significant inflationary headwinds Q3 2022 Highlights (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 (2) Includes the recognition of deferred tax assets previously unrecognized Adjusted EBITDA Bridge € in millions Net Debt / LTM Adjusted EBITDA +12% Down 0.6x

Navigating a Challenging Environment in Europe European energy market in disarray Ukraine war, Russian gas cut – risk on availability remains Gas and electricity prices significantly above historic levels Knock-on effects in other markets: Smelter shutdowns impact aluminium and alloy availability General inflation running at a high level across a range of inputs to our business Risk of lower demand with slowing markets Expecting materially higher energy prices in 2023 (based on current prices) Working hard to manage the situation Company wide effort to reduce consumption Active discussions with customers to pass-through energy – making very good progress Managing all input availability thus far, able to resource where necessary albeit at higher prices Closely monitoring government initiatives The performance track record of the Constellium team has positioned the company to manage through the current environment and for long term success

Peter Matt Chief Financial Officer

VAR Bridge Q3 2022 vs. Q3 2021 € millions +21%

Q3 2022 Performance Packaging & Automotive Rolled Products Q3 2022 Q3 2021 Var. Shipments (kt) 267 281 (5)% Revenue (€m) 1,140 988 15% Adj. EBITDA (€m) 78 94 (17)% Adj. EBITDA (€ / t) 291 335 (13)% Q3 Adjusted EBITDA Bridge € in millions Ø Adjusted EBITDA of €78 million Ø Higher automotive shipments; lower packaging and specialty shipments Ø Improved price and mix Ø Higher operating costs due to inflation and operating challenges at Muscle Shoals (higher maintenance and supplies costs) Ø Favorable FX translation

Q3 2022 Performance Aerospace & Transportation Q3 2022 Q3 2021 Var. Shipments (kt) 55 52 6% Revenue (€m) 432 289 50% Adj. EBITDA (€m) 45 20 136% Adj. EBITDA (€ / t) 807 362 123% Ø Adjusted EBITDA of €45 million Ø Higher aerospace shipments; lower TID shipments Ø Improved price and mix Ø Higher operating costs due to inflation and production ramp-up in aerospace Ø Favorable FX translation Q3 Adjusted EBITDA Bridge € in millions

Q3 2022 Performance Automotive Structures & Industry Q3 2022 Q3 2021 Var. Shipments (kt) 65 62 4% Revenue (€m) 473 326 45% Adj. EBITDA (€m) 35 32 7% Adj. EBITDA (€ / t) 544 528 3% Ø Adjusted EBITDA of €35 million Ø Higher automotive shipments Ø Improved price and mix Ø Higher operating costs mainly due to inflation Q3 Adjusted EBITDA Bridge € in millions

Significant inflationary pressures in Q3 Metal supply remains tight Higher costs for alloying elements like magnesium and lithium Labor and other non-metal costs higher, particularly European energy A number of tools working to offset inflation: Solid cost control by businesses; Vision '25 initiatives helping Inflationary protections (i.e. PPI inflators) in existing contracts New customer contracts with better pricing and better protections Cost Pressures and Mitigants Managing the Current Inflationary Environment Inflation is significant but largely offset by improved pricing and our relentless focus on cost control YTD Adjusted EBITDA Bridge (2022 vs. 2021) Addressing Inflationary Pressures € millions

YTD 2022 YTD 2021 Net cash flows from operating activities 323 239 Purchases of property, plant and equipment, net of grants (163) (118) Free Cash Flow 160 121 € in millions YTD Free Cash Flow Highlights Consistent Free Cash Flow Generation Ø Free Cash Flow of €160 million YTD 2022, with strong performance in Q3 of €74 million Ø Strong Adjusted EBITDA Ø Lower cash interest Ø Higher capital expenditures and cash taxes Ø Over €625 million of Free Cash Flow generated since 2019 Current 2022 Expectations Ø Free Cash Flow: >€170 million Ø Capex: ~€265-275 million Ø Cash interest: ~€110 million Ø Cash taxes: ~€20 million Free Cash Flow

Ø Leverage at 3.0x, a multi-year low Ø Despite ~€160 million FX impact on debt Ø Expect leverage to continue to decline Ø No near-term bond maturities Ø Strong liquidity position Committed to deleveraging with year end leverage expected to be at or below 3.0x € in millions Net Debt and Leverage Maturity Profile Liquidity € in millions € in millions Leverage: Net Debt / LTM Adjusted EBITDA Debt / Liquidity Highlights Net Debt and Liquidity

Jean-Marc Germain Chief Executive Officer

Market Commentary Packaging Strong market in North America and Europe; some short term inventory adjustments in North America; supply remains tight Focus on sustainability driving increased demand for aluminium cans Mid-single digit annual demand growth supported by can-maker capacity additions in both North America and Europe Automotive 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; dealer inventories remain low At a low base, but demand uncertainty continues as a result of the semiconductor shortage and other supply chain challenges Aerospace Major OEMs have announced build rate increases; recovery continued in 3Q 2022 with shipments up ~50% YoY Long-term trends expected to remain intact, including increased passenger traffic and higher build rates for single aisle aircraft Other Specialties Transportation, Industry and Defense (Rolled): Seeing signs of weakness in North America and Europe; some pockets like Defense remain strong Plate markets are holding up better than coil markets Industry (Extrusions): Europe: Seeing signs of weakness though demand still strong in sectors like Rail and Solar A Diversified Platform LTM Revenue by End Market End Market Updates

Targets Strong performance in 3Q 2022 Record Q3 Adjusted EBITDA despite significant inflationary pressures Free Cash Flow of €74 million in Q3; YTD €160 million Low end of our guidance points to a strong 2022 performance Demonstrated pricing power helping to mitigate inflationary pressures; strong focus on cost control Adjusted EBITDA up ~15% at the low end of our guidance range despite challenging environment Free cash flow yield of ~10% Exciting future ahead with opportunities to grow our business and enhance profitability and returns Diversified portfolio serving resilient end markets Durable, sustainability-driven secular growth trends driving increased demand for our products Execution focused with proven ability to flex costs Balance sheet rapidly approaching target leverage with improved financial flexibility Key Messages and Guidance 2022 Adjusted EBITDA: €670 to €690 million 2022 Free Cash Flow: >€170 million Long-Term Adjusted EBITDA: >€800 million by 2025 Long-Term Leverage: 1.5x - 2.5x Focused on executing our strategy, delivering our long-term EBITDA guidance, and increasing shareholder value

Appendix

Reconciliation of Net Income to Adjusted EBITDA Three months ended September 30, Nine months ended September 30, (in millions of Euros) 2022 2021 2022 2021 Net income 131 99 278 255 Income tax (benefit) / expense (137) 20 (102) 53 (Loss) / income before tax (6) 119 176 308 Finance costs - net 36 34 98 126 Income from operations 30 153 274 434 Depreciation and amortization 73 67 209 195 Restructuring costs — — — 3 Unrealized (gains) / losses on derivatives (19) (23) 65 (67) Unrealized exchange losses / (gains) from the remeasurement of monetary assets and liabilities – net 1 — 2 (1) Losses on pension plan amendments — — — 2 Share based compensation costs 4 4 13 11 Metal price lag 70 (59) (40) (144) Losses on disposal 1 1 2 1 Adjusted EBITDA 160 143 525 434

Three months ended September 30, Nine months ended September 30, (in millions of Euros) 2022 2021 2022 2021 Revenue 2,022 1,587 6,276 4,446 Hedged cost of alloyed metal (1,414) (966) (4,191) (2,617) Revenue from incidental activities (5) (4) (16) (15) Metal time lag 70 (59) (40) (144) VAR 673 558 2,029 1,670 Adjusted EBITDA 160 143 525 434 VAR Margin 23.7% 25.6% 25.9% 26.0% VAR Reconciliation

Free Cash Flow Reconciliation (in millions of Euros) Three months ended September 30, Nine months ended September 30, 2022 2021 2022 2021 Net cash flows from operating activities 154 91 323 239 Purchases of property, plant and equipment (80) (54) (164) (128) Property, plant and equipment grants received — 3 1 10 Free Cash Flow 74 40 160 121 (in millions of Euros) Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021 Q2 2021 Q1 2021 Net cash flows from operating activities 154 111 58 118 91 73 75 Purchases of property, plant and equipment (80) (51) (33) (104) (54) (42) (32) Property, plant and equipment grants received — — 1 — 3 4 3 Other investing activities — — — — — — — Free Cash Flow 74 60 26 14 40 35 46 (in millions of Euros) Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019 Q3 2019 Q2 2019 Q1 2019 Net cash flows from operating activities 71 111 8 144 107 80 128 132 Purchases of property, plant and equipment (44) (38) (43) (57) (91) (50) (71) (59) Property, plant and equipment grants received 1 2 2 — — — — — Other investing activities — — — — 2 1 (4) — Free Cash Flow 28 75 (33) 87 18 31 53 73

(in millions of Euros) September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 Borrowings 2,169 2,158 2,138 2,129 2,282 Fair value of net debt derivatives, net of margin calls (1) (5) (1) (1) 5 Cash and cash equivalents (171) (156) (160) (147) (323) Net Debt 1,997 1,997 1,977 1,981 1,964 LTM Adjusted EBITDA 672 655 627 581 545 Leverage 3.0x 3.0x 3.2x 3.4x 3.6x Net Debt Reconciliation

Reconciliation of Net Income to Adjusted EBITDA Twelve months ended (in millions of Euros) September 30, 2022 June 30, 2022 March 31, 2022 December 31, 2021 September 30, 2021 Net income 285 253 393 262 281 Income tax (benefit) / expense (100) 57 83 55 48 Income before tax 185 310 476 317 329 Finance costs - net 139 137 142 167 161 Income from operations 324 447 618 484 490 Depreciation and amortization 281 275 270 267 258 Impairment of assets — — — — 29 Restructuring costs — — 2 3 3 Unrealized losses / (gains) on derivatives 97 93 (64) (35) (84) Unrealized exchange losses / (gains) from the remeasurement of monetary assets and liabilities - net 2 1 — (1) (1) Losses on pension plan amendments 30 30 32 32 2 Share based compensation costs 17 17 15 15 15 Metal price lag (83) (212) (250) (187) (169) Losses on disposals 4 4 4 3 3 Other — — — — (1) Adjusted EBITDA 672 655 627 581 545

Borrowings Table At September 30, At December 31, 2022 2021 (in millions of Euros) Nominal Value in Currency Nominal Rate Nominal Value in Euros (Arrangement fees) Accrued Interests Carrying Value Carrying Value Secured Pan-U.S. ABL(due 2026) $85 Floating 87 — 2 89 — Secured PGE French Facility (repaid in May 2022) €180 Floating — — — — 180 Senior Unsecured Notes Issued November 2017 and due 2026 $300 5.875% 308 (2) 2 308 268 Issued November 2017 and due 2026 €400 4.250% 400 (3) 2 399 402 Issued June 2020 and due 2028 $325 5.625% 333 (5) 5 333 284 Issued February 2021 and due 2029 $500 3.750% 513 (6) 9 516 438 Issued June 2021 and due 2029 €300 3.125% 300 (5) 2 297 300 Unsecured Swiss Facility (repaid in June 2022) CHF15 1.175% — — — — 14 Lease liabilities 175 — — 175 183 Other loans 51 — 1 52 60 Total Borrowings     2,167 (21) 23 2,169 2,129 Of which non-current     2,015 1,871 Of which current 154 258