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Download the Report Headquarters Business Tupolevlaan 41-61 and sustainability 1119 NW, Schiphol-Rijk performance The Netherlands Infinite report 2014 Corporate offices 830 Third Avenue, 9th floor New York, NY 10022 United States possibilities Washington Plaza 40–44 Rue Washington 75008 Paris France Max Hoegger-Strasse 6 8048 Zurich Switzerland www.constellium.com performance report 2014 sustainability and Business – Ideas. Materialized. Constellium Business and sustainability Business and sustainability 2 performance report 2014 performance report 2014 3 Heading 1 Inside this report: Business in focus Key figures 2 We explain our organization and our Infinite possibilities 3 strategy, as well as the progress that Value we create 4 our business units have made during Highlights of the year 6 the year. Company organization 8 Chief Executive Officer insights 10 Our strategy 12 Innovation 15 Market overview 16 Aerospace and Transportation 18 Packaging and Automotive Rolled Products 20 Automotive Structures and Industry 22 Board of Directors 24 Executive Committee 26 Governance 28 Engaging with stakeholders 30 Sustainability in focus Sustainability highlights 32 We outline why and how sustainability Altogether more sustainable 34 matters at Constellium, and showcase Our materiality assessment 36 some of the key achievements of 2014. Stakeholder perspectives 39 Making our products more sustainable 42 Supporting our people 50 Making our operations more efficient 58 About this report Doing business responsibly 64 Reporting period Financial year 2014 (January 1, 2014 to December 31, 2014) Managing sustainability 68 Reporting cycle Annual Date of publication June 2015 Report scope The data or financials relate to Constellium worldwide falling within Consolidated income statement 70 the scope of consolidation at December 31, 2014. Wise Metals data Performance in detail is not included since the acquisition of Wise Metals occurred on Consolidated statement of financial position 71 January 5, 2015. This section provides greater detail Consolidated statement of cash flows 72 Report content The content of this report is based on our business data and the and data on both our business and results of our dialog with stakeholders, the Global Reporting Initiative Share information 73 G4 requirements and other sustainability ratings and rankings. sustainability performances. Sustainability data 74 Global Reporting Initiative GRI G4 guidelines – Core Assurance The report is in compliance with the GRI G4 guidelines and maintains Memberships 77 code of reporting as advised by GRI. It is not externally assured. GRI G4 disclosure index 78 Contact For further information please contact: Forward-looking statements 81 [email protected] or [email protected] Have a look at the new Constellium microsite dedicated to our business and sustainability report: www.business-sustainability.constellium.com Business and sustainability Business and sustainability 2 performance report 2014 performance report 2014 3 Key figures Infinite possibilities as of December 31, 2014 Group sales Adjusted EBITDA €3,666m €275m We are Constellium. 2014 3,666 2014 275 We are a global leader in aluminium solutions 2013 3,495 2013 280 2012 3,610 2012 223 whose business is to materialize today’s and tomorrow’s ideas. For us, aluminium is more than a metal. Revenue by business unit Full-time employees by geographic region Full-time employees* Packaging It is part of the solution for tomorrow’s and Automotive Automotive Rolled Products North Asia Structures 44% America 3.4% and Industry 14.6% 24% lighter, faster economy. Abundant, endlessly 9,148 recyclable and reusable, aluminium’s Europe 82.0% unique properties mean that, together Aerospace and Transportation 32% with our partners, we can shape a future *Permanent and fixed-term employees of infinite possibilities. #1 #1 #2 Worldwide for Worldwide for Worldwide for Crash aerospace plates closure stock Management Systems #1 #1 #1 #2 In the USA In Europe for hard In Europe for In Europe for for large coils alloy extrusions large profiles can body stock For more information see page 8 Business and sustainability Business and sustainability 4 performance report 2014 performance report 2014 5 Value we create Our vision, objective and values underpin a business model that continues to meet the demands of world-leading customers through three business units. Our vision Sense of urgency Our business model We are the leading global supplier of aluminium aerospace plates To be the most profitable and and decentralized We are a global sector leader and closure stock, the leading the fastest growing company in decision-making strongly committed to designing European supplier of large profiles our industry. and manufacturing innovative We relentlessly focus on actions and hard alloy extrusions as well aluminium products and Resource extraction that drive business forward, as a leading global supplier of solutions for a broad range creating structures, processes can body stock and automotive Our objective of applications dedicated and communications to enable structures. Our unique platform To achieve leadership positions primarily to aerospace, swift decisions at the point has enabled us to develop stable, in our global target markets automotive and packaging of impact. diversified and long-standing by continuously enhancing markets. Our business model customer relationships – in fact our portfolio of products and is to add value by converting Responsibility and we have worked with most of improving the levels of service, aluminium into semi-fabricated Aluminium smelting accountability our largest customers for over quality and added value we products, and we are the 25 years. provide to our customers. We engage personally in actions supplier of choice to numerous that continuously improve our blue-chip customers. We operate through three performance, challenging the business units: Our values status quo and taking risks. Our facilities are strategically Semi-manufacturing These are the core beliefs that located in the United • Aerospace and Transportation States, Europe and China. guide our actions: Rigor and discipline • Packaging and Automotive These comprise 23 production We objectively assess the situation Rolled Products sites, 10 administrative Rolling Extrusion Teamwork and mutual trust and act immediately on deviations, and commercial sites and refusing to compromise on quality • Automotive Structures We develop and utilize a world-class technology and Industry operates relationships across Constellium and integrity. m center. We collaborate with iu ll e to leverage mutually beneficial Key customers include: t around 40 external scientific s outcomes and opportunities. Transparency and highest n partners aiming at sharing o Aerospace: C standards of ethics e emerging knowledge, exploring Airbus, Boeing, Bombardier, r e Entrepreneurship and We act honestly, ethically and innovative concepts and h Dassault Aviation, Embraer, KAI, Recycling W Product decisiveness honorably. We show beliefs identifying new talents. Lockheed Martin, Pilatus, SpaceX Products recycled manufacturing We lead, engage and inspire through behaviors and lead Our International Scientific back into the At our customers Packaging: or at their employees to pursue our by example. We enrich our Council gathers several of the production process Amcor, Anheuser-Busch InBev, customers vision, encouraging growth and community and make responsible, world’s top material scientists Ball, Can-Pack S.A., Coca-Cola, improvements that support sustainable decisions. to further strengthen our Crown, Rexam business objectives. technical leadership and innovation performance. Automotive: Audi, BMW Group, Ford, General Product use Motors, Mercedes-Benz, Porsche, Each product has its own PSA Peugeot Citroën, Tesla, Valeo usable lifetime Business and sustainability Business and sustainability 6 performance report 2014 performance report 2014 7 Highlights of the year From major investments and a landmark acquisition to the supply of aluminium products for the new F-150 pickup truck that is changing the face of our industry, 2014 saw many examples of achievement and progress at Constellium. Announced Significantly Won contract to We provide Ford Motor Co. acquisition of expanded with aluminium structural Wise Metals Body-in-White supply structural parts for the all-new Ford parts for the new F-150 pickup truck. The truck We announced the acquisition (BiW) production delivers the industry’s best of Alabama-based Wise Metals lightweight Ford towing and payload capability in a capacity-expanding in Europe among full-size, lightduty move. We plan to invest up to We announced a planned F-150 pickup pickups, enabled by reducing $750 million by 2022 in the €200 million investment truck its weight through the use of Muscle Shoals plant which over the next three years high-strength aluminium alloy is currently focused on the to grow our European BiW in the body. can market, to increase business – which produces capacity and start producing automotive body sheets. automotive body sheets for the car industry. See case study on page 21 for more information. We signed a joint-venture Increased Invested in with UACJ to produce BiW Increased AIRWARE® North America to aluminium sheets in Bowling passenger Green, Kentucky. We have production produce Body-in- started building the new facility safety with new White (BiW) that will be hosting a first BiW lightweight and capabilities finishing line.
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