Third Quarter 2013 –

Earnings Call

November 14, 2013

Exhibit  99.2

2

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 certain 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. Others are more specific to our business and operations.  These risks and uncertainties include, but are not

limited

to,

those

set

forth

under

the

heading

“Risk

Factors”

in

our

most

recent

Form

F-1

Registration

Statement,

and

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 publicly update or revise any

forward-looking statement as a result of new information, future events or otherwise, except as required by law.

Third

Quarter

2013

–

Earnings

Call

3

Non-GAAP measures

This presentation includes information regarding certain non-GAAP financial measures, including Management Adjusted

EBITDA, Adjusted EBITDA, Adjusted EBITDA per metric ton, Adjusted Free Cash Flow and Net Debt. These measures

are presented because management uses this information to monitor and evaluate 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. Management

Adjusted EBITDA, Adjusted EBITDA, Adjusted EBITDA per Metric Ton, Adjusted 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.

Third

Quarter

2013

–

Earnings

Call

4

Q3 2013 highlights: strong YoY performance in all business

segments

Adjusted EBITDA: €64m (+ 64% YoY), driven by new business in

Aerospace and Automotive markets

Cash flow from operating activities: €80m; Adjusted FCF positive of €41m

Volume: stable at 257k metric tons; Revenues: €862m, up 6% on a

comparable basis, reflecting our continuing global mix enrichment

Successful completion of secondary is expected to double public float

Third

Quarter

2013

–

Earnings

Call

Consistent strong performance since IPO

5

Third

Quarter

2013

–

Earnings

Call

Adjusted EBITDA (€m)

Adjusted

EBITDA

/

Metric

Ton

(€

/

t)

Strong performance and consistent improvement in every quarter

22%

4%

64%

22%

24%

4%

61%

23%

60

73

2012

2013

Q1

82

85

2012

2013

2012

2013

2012

2013

39

64

181

221

Q2

Q3

YTD Q3-2013

Q1

Q2

Q3

YTD Q3-2013

226

280

296

309

153

247

227

279

2012

2013

2012

2013

2012

2013

2012

2013

Q3 2013 Segment Performance

Adjusted EBITDA per metric ton

27

29

11

16

256

316

177

193

Adjusted EBITDA (€m)

13

19

Volume (kt) 

52

62

Volume

(kt) 

155                           

152

%

%

46%

increase

7%

increase

45%

increase

23%

increase

9%

increase

55%

increase

227

352

6

47%

increase

47%

increase

Third

Quarter

2013

–

Earnings

Call

Q3 12

Q3 13

Q3 12

Q3 13

Q3 12

Q3 13

Q3 12

Q3 13

Q3 12

Q3 13

Q3 12

Q3 13

Volume

(kt)     49                                     45

Third

Quarter

2013

–

Earnings

Call

7

Market

context

Increased YTD Aerospace volume reflects our market share gains

Inventories are high downstream in the supply chain, impacting the spot prices in

the aero and GE plates markets

Only

approximately

10%

of

our

aerospace

business

is

spot

priced,

hence

we

are

not affected at this stage

Aerospace Market: Gains in market share and low exposure to

spot volumes offset overhang impact

Constellium

recent

develop-

ments

AIRWARE

®

:

Ramp up is ahead of plan and demand is currently stronger than expected

Additional volume includes Embraer’s KC390 and additional work

packages on A350

We expect a significant EBITDA impact in 2015 and beyond

We continue to expand our aero capabilities:

Increasing plate capacity and additional ultrasonic line in Ravenswood

Investing in casting capacity in Sierre, to be ramped-up in Q1 2014

8

Automotive Market: We continue to invest in a growing and

profitable market

Market

context

Demand remains strong in Auto Body Sheet (+19% QoQ), as some large players

show signs of under capacity

Automotive Structures volume has increased (+17% QoQ), maintaining a backlog

of over 6 years at current production rates

Constellium

recent

develop-

ments

Constellium still gaining market share at German OEMs:

Our new Strongalex product contributes to light weighting by down gauging

structural parts

This product was part of a new contract for 70% of the ABS demand of a new

German model

Capacity expansions

We continue to expand our ABS production in Neuf Brisach (+ 20% YTD vs.

last year)

We are investing in Singen to qualify it as an ABS plant. First deliveries are

expected next year

New press in Singen started production in May 2013

Innovation: New €8,5m line in Gottmadingen produces 3rd generation bumpers;

extended functionality allows unit value twice as high as our current models

Third

Quarter

2013

–

Earnings

Call

New Singen Press supports Automotive growth

9

Best in class press, unique in Europe (€11m CAPEX)

Provides high strength, low thickness and light profiles, ready to be assembled into Crash

Management Systems (CMS)

Highly productive and flexible line, 13kt/year capacity

First products sold in May 2013, 2 months ahead of schedule

Performance is ahead of ramp up plan despite a demanding qualification process required by

Automotive customers

Third

Quarter

2013

–

Earnings

Call

Renewed multiyear contract with a major Foilstock customer at improved terms

10

Packaging Market: European demand for Foilstock and Can Body

Stock has improved vs. last year

Market

context

Can volumes are stable vs. last year

In Europe, our Can Body Stock (CBS) volumes grew 4.5% in Q3 2013

vs.

Q3 2012

This growth was offset by lower demand in our export markets

Some can makers announced line shut downs in Q4 2013

Strong demand in Foilstock

Shrinking scrap margins could marginally impact our profitability in 2014

Constellium

Recent

develop-

ments

Third

Quarter

2013

–

Earnings

Call

Third

Quarter

2013

–

Earnings

Call

11

Q3 2013 is 64% higher than Q3 last year

Performance includes several unplanned outages mainly at

Issoire (€4.5 m impact)

Planned

maintenance

in

Ravenswood

in

Q2

2013

pushed

volume into Q3 2013

On track for a solid YoY performance in 2013

Q3 2013 highlights

Adjusted EBITDA (€

m)

64

73

42

85

39

Q3 2012

Q4 2012

Q1 2013

Q2 2013

Q3 2013

153

180

280

309

247

Q3 2012

Q4 2012

Q1 2013

Q2 2013

Q3 2013

Adjusted EBITDA per metric ton  (

€

/ t)

Q3 2013 performance improved 64% YoY

Q3 2013 performance by reporting segment

12

Segment Adjusted EBITDA

€

millions and €

/ metric ton

Quarter summary

Unplanned outages impacted Adj. EBITDA by €5m

Some delayed volume from previous quarter based on

planned annual maintenance

Better margin on long-term packaging contracts

compensate for slightly lower volume vs. last year

Lower can and closures volume compensated by solid

demand in foilstock

Auto Body Sheet: gains in market share enable

marked increases in volume (+19% QoQ)

17% increase in Automotive Structures volume vs. Q2

2012 improved mix and drove higher EBITDA

Strong performance achieved on other Automotive

segments within AS&I

(€177 / t)

(€193 / t)

(€227 / t)

(€352 / t)

(€256 / t)

(€316 / t)

Third

Quarter

2013

–

Earnings

Call

46%

increase

7%

increase

45%

increase

Q3 2012

Q3 2013

19

13

29

27

16

11

13

59

41

37

Q3 2012

Q3 2013

470

514

289

373

400

320

463

Q1

2012

Q2

2012

Q3

2012

Q4

2012

Q1

2013

Q2

2013

Q3

2013

Free Cash Flow and Trade Working Capital

Q3 2013 highlights

Adjusted Free Cash Flow

(€

millions)

Operating Trade Working Capital

(€

millions)

CAPEX

Adjusted

FCF

23

78

-143

Q3 2013

Adjusted EBITDA

64

39

Add-backs and non-cash items (Metal lag /

pensions)

1

5

Exceptional fees

(5)

(9)

Change in trade working capital

53

51

Change in non trade working capital

(33)

7

Cash flow from operating activities

(including margin calls)

80

93

Margin calls

(2)

(11)

Cash Flow from operating activities

(excluding margin calls)

78

82

CAPEX

(37)

(23)

Adjusted Free Cash Flow

41

59

Q3 2012

Higher CAPEX vs. last year

We continue to improve our Trade Working Capital, from €463m in Q3 2012

(47 DSO) to €320m in Q3 2013 (33 DSO)

82

Third

Quarter

2013

–

Earnings

Call

14

Strong balance sheet with no near term maturities

€

millions

Net Debt

181

Cash and Cash Equivalents

199

Total Secured Debt

380

Net Debt/

LTM Adjusted EBITDA

0.7x

Liquidity

(*)

377

Q3 2013

(*)

Liquidity measured as the sum of Cash and Cash Equivalents and availability under long-term facilities

Long-term facilities, no short-term debt

Third

Quarter

2013

–

Earnings

Call

15

Key Takeaways

Strong Year Over Year performance across all reporting segments

Significant opportunities in the Automotive market

Successful secondary is expected to double our public float

Third

Quarter

2013

–

Earnings

Call

16

IFRS Statements

Third Quarter

2013

–

Earnings

Call

Third Quarter

2013

–

Earnings

Call

17

IFRS –

Balance Sheet

€

millions

September 30, 2013

December 31, 2012

Non-current assets

659

594

Current assets

1 141

1 037

Assets held for sale

19

Total Assets

1 819

1 631

Equity

(6)

(37)

Non-current liabilities

1 009

923

Current liabilities

806

745

Liabilities held for sale

10

Total Liabilities

1 819

1 631

Third Quarter

2013

–

Earnings

Call

18

IFRS –

Income Statement

€

millions

Q3 2013

Q3 2012

Revenues

862

885

Income from operations

69

81

Other expenses

-

(1)

Finance costs –

net

(10)

(12)

Share of profit of joint-ventures

3

Income before income taxes

62

68

Income tax income (loss)

(21)

(18)

Net  Income from continuing operations

41

50

Net Income (loss) from discontinued

operations

4

(1)

Net income (loss)

45

49

Third

Quarter

2013

–

Earnings

Call

19

GAAP Measures Reconciliation

Net Debt

Third

Quarter

2013

–

Earnings

Call

20

€

millions

As Sept 30, 2013

As Dec 31,2012

Borrowings

366

158

Fair value of cross interest swap

23

14

Cash and cash equivalents

(199)

(142)

Cash pledged for issuance of guarantees

(9)

(13)

Net Debt

181

17

Adjusted Free Cash Flow

Third

Quarter

2013

–

Earnings

Call

21

€

millions

Q3 2013

Q3 2012

Cash flow from operating activities

80

93

Margin calls included in cash flow from

operating activities

(2)

(11)

Cash flow from/(used in) operating activities

excluding margin calls

78

82

Capital expenditure

(37)

(23)

Adjusted Free Cash Flow

41

59

Adjusted EBITDA

Third

Quarter

2013

–

Earnings

Call

22

€

millions

Q3 2013

Q3 2012

%

Shipments

257     

256

+0.4%

Revenue

862

885

-2.6%

Net income from continuing operations

41

50

-18.0%

Income tax expense

21

18

Income before income tax

62

68

-8.8%

Finance

costs

-

net

10

12

Share of profit of joint ventures/other

expenses

(3)

1

Profit from operations

69

81

-14.8%

Ravenswood pension plan amendment

-

(10)

Restructuring costs

4

5

Unrealized (gains) on derivatives

(34)

(58)

Unrealized loss from the re-measurement

of monetary assets and liabilities

1

-

Ravenswood CBA negotiations

-

8

Depreciation and impairment

10

5

Management Adjusted EBITDA

50

31

+61.3%

Metal lag

9

7

Other

5

1

Adjusted EBITDA

64

39

+64.1%