Constellium Paris: Constellium Reports Fourth Quarter and Full Year 2020 Results Fourth quarter 2020 highlights: Revenue of €1.2 billion, down 9% compared to Q4 2019 Net income of €26 million compared to net income of €22 million in Q4 2019 Adjusted EBITDA of €111 million, down 8% compared to Q4 2019 Cash from Operations of €71 million and Free Cash Flow of €28 million Full year 2020 highlights: Revenue of €4.9 billion, down 17% compared to 2019 Net loss of €17 million compared to net income of €64 million in 2019 Adjusted EBITDA of €465 million, down 17% compared to 2019 Cash from Operations of €334 million and Free Cash Flow of €157 million Net debt / LTM Adjusted EBITDA of 4.3 at December 31, 2020 Jean-Marc Germain, Constellium's Chief Executive Officer said, "Constellium delivered resilient results in 2020 despite the significant challenges presented by the COVID-19 pandemic. We reacted quickly to the crisis, demonstrating strong cost control while retaining the ability to meet demand from recovering markets. Our Packaging & Rolled Products segment delivered record Adjusted EBITDA with strong operational performance at all plants. Automotive Structures & Industry turned the corner after the operational challenges of 2019 and is on track to return to historical profitability levels. While weaker aerospace demand challenged our Aerospace & Transportation business, the team delivered impressive cost reductions and remains ready for a potentially strong rebound after the current destocking period has run its course. Importantly, we delivered on our commitment to consistent Free Cash Flow generation with €157 million in 2020."