Constellium SE (NYSE:CSTM) Q1 2023 Earnings Conference Call April 26, 2023 10:00 AM ET

Company Participants

Jason Hershiser - Director, Investor Relations

Jean-Marc Germain - Chief Executive Officer

Jack Guo - Chief Financial Officer

Conference Call Participants

Emily Chieng - Goldman Sachs

Curt Woodworth - Credit Suisse

Timna Tanners - Wolfe Research

Corinne Blanchard - Deutsche Bank

Josh Sullivan - The Benchmark Company

Katja Jancic - BMO Capital Markets

Operator

Hello and welcome to the Constellium First Quarter 2023 Results Conference Call. My name is Alex. I will be coordinating the call today. [Operator Instructions] I will now hand over to your host, Jason Hershiser, Director of Investor Relations. Please go ahead.

Jason Hershiser

Thank you, Alex. I would like to welcome everyone to our first quarter 2023 earnings call. On the call today, we have our Chief Executive Officer, Jean-Marc Germain and our Chief Financial Officer, Jack Guo. After the presentation, we will have a Q&A session. A copy of the slide presentation for today’s call is available on our website at constellium.com and today’s call is being recorded.

Before we begin, I would like to encourage everyone to visit the company’s website and take a look at our recent filings. Today’s call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include statements regarding the company’s anticipated financial and operating performance, future events and expectations and may involve known and unknown risks and uncertainties.

For a summary of specific risk factors that could cause results to differ materially from those expressed in the forward-looking statements. Please refer to the factors presented under the heading Risk Factors in our annual report on Form 20-F. All information in this presentation is as of the date of the presentation. We undertake no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by law. In addition, today’s presentation includes information regarding certain non-GAAP financial measures. Please see the reconciliations of non-GAAP financial measures attached in today’s slide presentation, which supplements our IFRS disclosures.

I would now like to hand the call over to Jean-Marc.

Jean-Marc Germain

Thank you, Jason. Good morning. Good afternoon, everyone and thank you for your interest in Constellium.

Let’s begin on Slide 5 and discuss the highlights from our first quarter results. I would like to start with safety our number one priority. We delivered best-in-class safety performance in the first quarter with a recordable case rate of 1.6 accidents per million hours worked. In the first quarter, we had several sites achieve safety milestones with anniversaries for a number of years up to 8 without a recordable case. I want to congratulate all of our employees on this excellent performance. But the safety journey is never complete and we all need to remain focused on this critical priority. While our performance in the quarter was excellent, we are always focused on maintaining and improving our safety performance and we still have accidents happen.