Exhibit 99.2

MANAGEMENT’S DISCUSSION AND ANALYSIS

OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis, or MD&A, is based principally on our unaudited condensed interim consolidated financial statements as of March 31, 2021 and for the three months ended March 31, 2021 and 2020, which appear elsewhere in this offering memorandum. The following discussion is to be read in conjunction with the sections of our Annual Report on Form 20-F, which are incorporated by reference in this offering memorandum and our unaudited condensed interim consolidated financial statements and the notes thereto, which appear elsewhere in this offering memorandum.

The following discussion and analysis includes forward-looking statements. These forward-looking statements are subject to risks, uncertainties and other factors that could cause our actual results to differ materially from those expressed or implied by our forward-looking statements. Factors that could cause or contribute to these differences include, but are not limited to, those discussed below and elsewhere in this offering memorandum. See in particular “Important Information and Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors.”

Overview

We are a global leader in the development, manufacture and sale of a broad range of highly engineered, value-added specialty rolled and extruded aluminium products to the packaging, aerospace, automotive, other transportation and industrial end-markets. As of March 31, 2021, we had approximately 12,000 employees, 29 production facilities, three R&D centers, and three administrative centers.

We serve a diverse set of customers across a broad range of end-markets with very different product needs, specifications and requirements. As a result, we have organized our business into three segments to better serve our customer base:

For the three months ended March 31, 2021 our segments represented the following percentages of total Revenue and total Adjusted EBITDA:

Key Factors Influencing Constellium’s Financial Condition and Results from Operations

Impact of COVID-19

The COVID-19 pandemic reduced demand from our customers across each of our segments in 2020 and continued to adversely impact demand from our aerospace customers in the first quarter of 2021. Many of our relationships with our customers are governed by requirements contracts, under which we supply based on our customers’ needs. Reduced production by our customers during the COVID-19 pandemic therefore has a direct impact on our revenues. As demand for our products and our resulting production levels decline, our operating margins are adversely impacted.

Although the duration and severity of this global pandemic or its ultimate impact on the global economy and our business and results cannot reasonably be estimated, we remain confident in our ability to navigate through this global crisis. In response to macroeconomic uncertainty, we continue to maintain a significant liquidity position, with €982 million at March 31, 2021.

We continue to evaluate the impact that this global pandemic may have on our future results of operations, cash flows, financial position and liquidity, and the foregoing views are based on currently available information. See “Risk Factors—Risks Related to Our Business—Widespread public health pandemics, including COVID-19, could materially adversely affect our business, financial condition and results of operations” in Item 3.D (Key Information -Risk Factors) of our Annual Report on Form 20-F incorporated by reference in this Offering Memorandum for additional information regarding the potential effects of COVID-19.

Economic Conditions and Markets

We are directly impacted by the economic conditions that affect our customers and the markets in which they operate. General economic conditions such as the level of disposable income, the level of inflation, the rate of economic growth, the rate of unemployment, exchange rates and currency devaluation or revaluation influence consumer confidence and consumer purchasing power. These factors, in turn, influence the demand for our products in terms of total volumes and prices that can be charged. In some cases, we are able to mitigate the risk of a downturn in our customers’ businesses by building committed minimum volume thresholds into our commercial contracts. We further seek to mitigate the risk of a downturn by utilizing a temporary workforce for certain operations, which allows us to match our resources with the demand for our services.

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Although the metals industry and our end-markets are cyclical in nature and expose us to related risks, we believe that the diversity of our portfolio helps the Company weather these economic cycles in each of our three main end-markets of packaging, aerospace and automotive:

Aluminium Consumption

The aluminium industry is cyclical and is affected by global economic conditions, industry competition and product development. Aluminium is increasingly seen as the material of choice in a number of applications, including packaging, automotive and aerospace. Aluminium is lightweight, has a high strength-to-weight ratio and is resistant to corrosion. It compares favorably to several alternative materials, such as steel, in these respects. Aluminium is also infinitely recyclable without any material decline in performance or quality. The recycling of aluminium delivers energy and capital investment savings relative to the cost of producing both primary aluminium and many other competing materials. Due to these qualities, the penetration of aluminium in a wide variety of applications continues to increase. We believe that long-term growth in aluminium consumption generally, and demand for those products we produce specifically, will be supported by factors that include growing populations, greater purchasing power and increasing focus on sustainability and environmental issues, globally.

Aluminium Prices

Aluminium prices are determined by worldwide forces of supply and demand and can be volatile. We operate a pass–through model and therefore, to the extent possible, avoid taking aluminium price risk. In case of significant sustained increases in the price of aluminium, the demand for our products may be affected over time.

The price we pay for aluminium includes regional premiums, such as the Rotterdam premium for metal purchased in Europe or the Midwest premium for metal purchased in the U.S. The regional premiums, which had historically been fairly stable, have been more volatile in recent years. Like LME prices, we seek to pass-through this regional premium price risk to our customers or to hedge it in the financial markets. However, in certain instances, we are not able to pass through or hedge this cost.

We believe our cash flows are largely protected from variations in LME prices due to the fact that we hedge our sales based on their replacement cost, by matching the price paid for our aluminium purchases with the price received from our aluminium sales, at a given time, using hedges when necessary. As a result, when LME prices increase, we have limited additional cash requirements to finance the increased replacement cost of our inventory.

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The average LME transaction price, Midwest Premium and Rotterdam Premium per ton of primary aluminium for the three months ended March 31, 2021, 2020 and 2019 are presented below:

Average transaction prices per ton using U.S. dollar prices converted to Euros at the applicable European Central Bank rates.

Product Price and Margin

Our products are typically priced based on three components: (i) the LME price, (ii) a regional premiums and (iii) a conversion margin.

Our risk management practices aim to reduce, but do not entirely eliminate, our exposure to changing primary aluminium and regional premium prices. Moreover, while we limit our exposure to unfavorable price changes, we also limit our ability to benefit from favorable price changes. We do not apply hedge accounting for the derivative instruments entered into to hedge our exposure to changes in metal prices and the mark-to-market movements for these instruments are recognized in Other gains and losses—net.

Our results are also impacted by differences between changes in the prices of primary and scrap aluminium. As we price our product using the prevailing price of primary aluminium but purchase large amounts of scrap aluminium to manufacture our products, we benefit when primary aluminium price increases exceed scrap price increases. Conversely, when scrap price increases exceed primary aluminium price increases, our results are negatively impacted. The difference between the price of primary aluminium and scrap prices is referred to as the “scrap spread” and is impacted by the effectiveness of our scrap purchasing activities, the supply of scrap available and movements in the terminal commodity markets.

Volumes

The profitability of our businesses is determined, in part, by the volume of tons processed and sold. Increased production volumes will generally result in lower per unit costs. Higher volumes sold will generally result in additional revenue and associated margins.

Personnel Costs

Our operations are labor intensive. Our personnel costs represented 19% of our cost of sales, selling and administrative expenses and R&D expenses for each of the three month periods ended March 31, 2021 and 2020.

Personnel costs generally increase and decrease proportionately with the expansion or contraction in production levels of operating facilities. Personnel costs include the salaries, wages and benefits of our employees, as well as costs related to temporary labor. During our seasonal peaks and especially during the summer months, we have historically increased our temporary workforce to compensate for staff on vacation and increased volume of activity.

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Currency

We are a global company with operations in France, the United States, Germany, Switzerland, the Czech Republic, Slovakia, Spain, Mexico, Canada and China, as of March 31, 2021. As a result, our revenue and earnings have exposure to a number of currencies, primarily the euro, the U.S. dollar and the Swiss Franc. As our presentation currency is the euro, and the functional currencies of the businesses located outside of the Eurozone are primarily the U.S. dollar and the Swiss franc, the results of the businesses located outside of the Eurozone must be translated each period to euros. Accordingly, fluctuations in the exchange rate of the functional currencies of our businesses located outside of the Eurozone against the euro have a translation impact on our results of operations.

We engage in significant hedging activity to attempt to mitigate the effects of foreign currency transactions on our profitability. Transaction impacts arise when our businesses transact in a currency other than their own functional currency. As a result, we are exposed to foreign exchange risk on payments and receipts in multiple currencies. In Europe, a portion of our revenue is denominated in U.S. dollars while the majority of our costs incurred are denominated in local currencies.

Where we have multiple-year sales agreements for the sale of fabricated metal products in U.S. dollars by euro-functional currency entities, we have entered into derivative contracts to forward sell U.S. dollars to match these future sales. With the exception of certain derivative instruments entered into to hedge the foreign currency risk associated with the cash flows of certain highly probable forecasted sales, which we have designated for hedge accounting, hedge accounting is not applied to such ongoing commercial transactions and therefore the mark-to-market impact is recorded in Other gains and losses —net.

Results of Operations for the three months ended March 31, 2021 and 2020

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Revenue

Revenue decreased by 7% to €1,341 million for the three months ended March 31, 2021 compared to €1,437 million for the three months ended March 31, 2020. This decrease reflected a decrease in shipments and lower revenue per ton.

Sales volumes decreased by 2% to 385 kt for the three months ended March 31, 2021 compared to 393 kt for the three months ended March 31, 2020. This decrease reflected an 18% decrease in volumes for A&T, partially offset by an 8% increase in volumes for AS&I. The drop in volume for A&T was mostly driven by a weaker demand in aerospace products due to continued challenging market conditions resulting from the COVID-19 pandemic. Revenue per ton decreased 5% to €3,483 for the three months ended March 31, 2021 from €3,656 for the three months ended March 31, 2020 reflecting weaker price and mix, partially offset by higher metal prices.

Our revenue is discussed in more detail in the “Segment Results” section.

Cost of Sales

Cost of sales decreased by 7% to €1,199 million for the three months ended March 31, 2021compared to €1,284 million for the three months ended March 31, 2020. This decrease in cost of sales was primarily driven by a decrease of €34 million, or 4%, in raw materials and consumables used due to lower volumes and a decrease of €22 million, or 11%, in labor costs compared to the prior year due to reduced headcount.

Selling and Administrative Expenses

Selling and administrative expenses decreased by 9% to €60 million for the three months ended March 31, 2021 compared to €66 million for the three months ended March 31, 2020. The decrease reflected primarily the cost reduction initiatives implemented in response to the COVID-19 pandemic, including a reduction of professional fees by €7 million and of employee benefit expenses by €2 million, partially offset by a €3 million increase in insurance costs.

Research and Development Expenses

Research and development expenses decreased by 15% to €11 million for the three months ended March 31, 2021 compared to €13 million for the three months ended March 31, 2020. Research and development expenses are presented net of €2 million and €3 million of research and development tax credits received in France for the three months ended March 31, 2021 and 2020, respectively.

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Other Gains and Losses, net

Other gains, net were €43 million for the three months ended March 31, 2021 compared to other losses, net of €68 million for the three months ended March 31, 2020.

The Group uses financial derivatives to hedge underlying commercial transactions. The realized gains or losses recognized in Other gains and losses, net are offset by the commercial transactions accounted for in Cost of sales. In the three months ended March 31, 2021, realized gains recognized upon the settlement of derivative instruments were €14 million, of which realized gains on metal derivatives were €17 million and realized losses on foreign exchange derivatives were €3 million. In the three months ended March 31, 2020, realized losses recognized upon the settlement of derivative instruments were €12 million, of which realized losses on metal derivatives were €14 million and realized gains on foreign exchange derivatives were €2 million.

The Group also uses financial derivatives to hedge forecasted commercial transactions. The unrealized gains or losses recognized in Other gains and losses, net are offset by the change in the value of forecasted transactions which are not yet accounted for. In the three months ended March 31, 2021, unrealized gains on derivative instruments were €28 million and were comprised of gains of €19 million related to metal derivatives and of gains of €9 million related to foreign exchange derivatives. In the three months ended March 31, 2020, unrealized losses on derivative instruments were €53 million and were comprised of losses of €51 million related to metal derivatives and of losses of €2 million related to foreign exchange derivatives.

Finance Costs, net

Finance costs, net increased by €10 million, to €55 million for the three months ended March 31, 2021 compared to €45 million for the three months ended March 31, 2020. This increase primarily reflects one-time costs relating to the redemption of our $650 million 6.625% Senior Notes due 2025, which included €9 million of redemption fees and a €8 million write-off of unamortized debt issuance costs, partially offset by lower interest costs and factoring fees.

Income Tax

Income tax for the three months ended March 31, 2021 was an expense of €11 million compared to a benefit of €8 million for the three months ended March 31, 2020.

For the three months ended March 31, 2021, our effective tax rate was 19% of our income before income tax compared to a statutory tax rate of 28.4%. Our effective tax rate was lower than the statutory rate, primarily due to the geographical mix of our pre-tax results and the favorable impact of previously unrecognized deferred tax assets.

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For the three months ended March 31, 2020, our effective tax rate was 21% of our loss before income tax compared to a statutory rate of 32.0%. Our effective tax rate was lower than the statutory rate, due to the geographical mix of our pre-tax results and the unfavorable impact of unrecognized deferred tax assets for losses in jurisdictions where we believe it is not probable that these losses will be utilized.

The statutory tax rate decreased to 28.4% in the three months ended March 31, 2021 from 32.0% in the three months ended March 31, 2020 as a result of changes in the applicable tax rates in France.

Net income / loss

As a result of the foregoing factors, we recognized a net income of €48 million in the three months ended March 31, 2021 compared to a net loss of €31 million in the three months ended March 31, 2020.

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Segment Results

Segment Revenue

The following table sets forth the revenue for our operating segments for the periods presented:

n.m. not meaningful

P&ARP

For the three months ended March 31, 2021, revenue in our P&ARP segment increased 2% to €766 million compared to €752 million for the three months ended March 31, 2020 despite lower shipments, primarily as a result of higher metal prices. P&ARP shipments were down 1% or 2 kt, due to lower shipments in packaging rolled products as a result of production difficulties at Muscle Shoals, offset by higher shipments in automotive rolled products. Revenue per ton increased by 3% to €2,869 per ton in the three months ended March 31, 2021 from €2,796 per ton in the three months ended March 31, 2020, driven by higher metal prices partially offset by weaker price and mix.

A&T

For the three months ended March 31, 2021, revenue in our A&T segment decreased 32% to €245 million compared to €359 million for the three months ended March 31, 2020, due to lower shipments and weaker price and mix. Despite higher transportation, industry, defense and other rolled products shipments, A&T shipments were down 18%, due to a 57% drop in volumes in aerospace rolled products as a result of continued challenging market conditions resulting from the COVID-19 pandemic. Revenue per ton decreased by 16% to €5,087 per ton in the three months ended March 31, 2021 from €6,085 per ton in the three months ended March 31, 2020, primarily reflecting a less favorable mix with lower aerospace product shipments and a higher proportion of transportation, industry, defense and other rolled product shipments.

AS&I

For the three months ended March 31, 2021, revenue in our AS&I segment increased 2% to €350 million compared to €342 million the three months ended March 31, 2020, due to higher shipments and higher metal prices. AS&I shipments were up 8%, or 5 kt, on higher shipments of both automotive and other extruded products. Revenue per ton decreased by 5% to €5,006 per ton in the three months ended March 31, 2021 from €5,262 per ton in the three months ended March 31, 2020, reflecting weaker price and mix, partially offset by higher metal prices.

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Segment Adjusted EBITDA

The following table sets forth the Adjusted EBITDA for our operating segments for the periods presented:

n.m. not meaningful

Adjusted EBITDA is not a measure defined by IFRS. We believe the most directly comparable IFRS measure to Adjusted EBITDA is our net income or loss for the relevant period.

In considering the financial performance of the business, management analyzes the primary financial performance measure of Adjusted EBITDA in all of our business segments. Our Chief Operating Decision Maker (“CODM”) measures the profitability and financial performance of our operating segments based on Adjusted EBITDA. 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 that 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.

We believe Adjusted EBITDA, as defined above, is useful to investors as it illustrates the underlying performance of continuing operations by excluding non-recurring and non-operating items. Similar concepts of adjusted EBITDA are frequently used by securities analysts, investors and other interested parties in their evaluation of our company and in comparison to other companies, many of which present an adjusted EBITDA-related performance measure when reporting their results.

Adjusted EBITDA has limitations as an analytical tool. It is not a measure defined by IFRS and therefore does not purport to be an alternative to operating profit or net income as a measure of operating performance or to cash flows from operating activities as a measure of liquidity. Adjusted EBITDA is not necessarily comparable to similarly titled measures used by other companies. As a result, you should not consider Adjusted EBITDA in isolation from, or as a substitute analysis for, our results prepared in accordance with IFRS.

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The following table reconciles our net (loss) / income for each of the three months ended March 31, 2021 and 2020 to our Adjusted EBITDA:

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The following table presents the primary drivers for changes in Adjusted EBITDA from the three months ended March 31, 2020 to the three months ended March 31, 2021 for each one of our three segments:

P&ARP

For the three months ended March 31, 2021, Adjusted EBITDA in our P&ARP segment increased 3% to €68 million compared to €66 million for the three months ended March 31, 2020, primarily due to strong cost control offset by lower shipments and unfavorable foreign exchange translation. Adjusted EBITDA per metric ton increased by 4% to €255 for the three months ended March 31, 2021 from €245 for the three months ended March 31, 2020.

A&T

For the three months ended March 31, 2021, Adjusted EBITDA in our A&T segment decreased 62% to €19 million compared to €52 million for the three months ended March 31, 2020, primarily due to lower volumes and weaker price and mix, both related to challenging aerospace market conditions resulting from the COVID-19 pandemic, partially offset by strong cost control. Adjusted EBITDA per metric ton decreased by 54% to €409 for the three months ended March 31, 2021 from €887 in the three months ended March 31, 2020.

AS&I

For the three months ended March 31, 2021, Adjusted EBITDA in our AS&I segment increased 10% to €38 million compared to €34 million for the three months ended March 31, 2020, primarily due to higher shipments and solid cost control, partially offset by weaker price and mix. Adjusted EBITDA per metric ton increased 2% to €540 per ton for the three months ended March 31, 2021 from €529 per ton in the three months ended March 31, 2020.

Holdings & Corporate

Our Holdings and Corporate segment generated Adjusted EBITDA losses of €4 million and €5 million for the three months ended March 31, 2021 and 2020, respectively.

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LIQUIDITY AND CAPITAL RESOURCES

Our primary sources of cash flow have historically been cash flows from operating activities and funding or borrowings from external parties.

Based on our current and anticipated levels of operations, and the condition in our markets and industry, we believe that our cash flows from operations, cash on hand, new debt issuances or refinancing of existing debt facilities, and availability under our factoring and revolving credit facilities will enable us to meet our working capital, capital expenditures, debt service and other funding requirements for the foreseeable future. However, our ability to fund working capital needs, debt payments and other obligations depends on our future operating performance and cash flows and many factors outside of our control, including the costs of raw materials, the state of the overall industry and financial and economic conditions and other factors. For a discussion of the impact of the COVID-19 pandemic on our liquidity and steps we have taken in response, see the paragraph titled “Impact of COVID-19” of this Management Discussion and Analysis.

It is our policy to hedge all highly probable or committed foreign currency operating cash flows. As we have significant third party future receivables denominated in U.S. dollars, we generally enter into combinations of forward contracts with financial institutions, selling forward U.S. dollars against Euros. In addition, when we are unable to align the price and quantity of physical aluminium purchases with that of physical aluminium sales, we enter into derivative financial instruments to pass through the exposure to metal price fluctuations to financial institutions at the time the price is set. As the U.S. dollar appreciates compared to the Euro or the LME price for aluminium falls, the derivative contracts related to transactional hedging entered into with financial institution counterparties will have a negative mark-to-market. We borrow in a combination of Euros and U.S. Dollars. When the external currency mix of our debt does not match exactly the mix of our assets, we use a combination of cross-currency interest rate swaps and cross-currency swaps to balance the risk. We have bought forward significant U.S. Dollars compared to the Euro for this purpose. As the U.S. Dollar depreciates against the Euro, the derivative contracts entered into with financial institutions will have a negative mark-to-market.

Our financial institution counterparties may require margin calls should our negative mark-to-market exceed a pre-agreed contractual limit. In order to protect the Group from the potential margin calls for significant market movements, we maintain additional cash or availability under our various borrowing facilities, we enter into derivatives with a large number of financial counterparties and we monitor potential margin requirements on a daily basis for adverse movements in the U.S. dollar compared to the Euro and in aluminium prices. Margin calls of €3 million were posted as of March 31, 2021 and December 31, 2020.

At March 31, 2021, we had €982 million of total liquidity, comprised of €342 million in cash and cash equivalents, €305 million of undrawn availability under our Pan-U.S. ABL Facility, €142 million of undrawn availability under our Delayed Draw Term Loan, €75 million of undrawn availability under our French Inventory Facility, €50 million of undrawn availability under our German facilities, €62 million availability under our factoring arrangements, and €6 million of undrawn availability under other credit facilities, of which €3 million was with Bpifrance Financement, a related party (see Item 7 (Major Shareholders and Related Party Transactions) in our Annual Report on Form 20-F, which is incorporated by reference into this offering memorandum).

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Cash Flows

The following table summarizes our operating, investing and financing activities for the three months ended March 31, 2021 and 2020:

Net cash Flows from Operating Activities

For the three months ended March 31, 2021, net cash flows from operating activities were an inflow of €75 million, a €69 million decrease from an inflow of €144 million in the three months ended March 31, 2020. This decrease primarily reflects a €101 million decrease in changes from working capital and a €32 million increase from the change in cash flows from operating activities before working capital. For the three months ended March 31, 2021, factored receivables under non-recourse arrangements increased by €6 million compared to an increase of €4 million for the three months ended March 31, 2020.

Net Cash Flows used in Investing Activities

For the three months ended March 31, 2021, net cash flows used in investing activities were €29 million. Capital expenditures net of grants received were €29 million and related primarily to recurring investment in our manufacturing facilities.

For the three months ended March 31, 2020, net cash flows used in investing activities were €57 million. Capital expenditures were €57 million and related primarily to recurring investment in our manufacturing facilities and growth projects.

Net Cash flows used in Financing Activities

For the three months ended March 31, 2021, net cash flows used in financing activities were €145 million. In the three months ended March 31, 2021, Constellium issued $500 million of 3.750% Sustainability-Linked Notes due 2029, using the proceeds and cash on hand to retire the $650 million 6.625% Senior Notes due 2025.

For the three months ended March 31, 2020, net cash flows used in financing activities were €1 million.

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Historical Capital Expenditures

The following table provides a breakdown of the historical capital expenditures by segment for the periods indicated:

For the three months ended March 31, 2021, capital expenditures net of grants received were €29 million and related primarily to asset-sustaining investments across all segments. The decrease in capital expenditures results from the measures taken in response to the COVID-19 downturn.

For the three months ended March 31, 2020, our capital expenditures were €57 million and related primarily to asset-sustaining investments and selective growth projects, across all segments.

Covenant Compliance

We were in compliance with our covenants as of and for the three months ended March 31, 2021 and 2020 and December 31, 2020.

Off-Balance Sheet Arrangements

As of March 31, 2021, except as otherwise disclosed in our unaudited condensed interim consolidated financial statements, we have no significant off-balance sheet arrangements (as defined in Instruction 2 to Item 5.E in Form 20-F).

Quantitative and Qualitative Disclosures about Market Risk

In addition to the risks inherent in our operations, we are exposed to a variety of financial risks, such as market risk (including foreign currency exchange, interest rate and commodity price risk), credit risk and liquidity risk, and further information can be found in Note 22 to our audited consolidated financial statements incorporated by reference in this offering memorandum.

Principal Accounting Policies, Critical Accounting Estimates and Key Judgments

Our principal accounting policies are set out in Note 2 to the audited Consolidated Financial Statements, which are incorporated by reference in this offering memorandum and in Note 2.2 to our unaudited condensed interim consolidated financial statements included elsewhere in this offering memorandum.

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INDEX TO FINANCIAL STATEMENTS

Constellium SE Unaudited Interim Condensed Consolidated Financial Statements at March 31, 2021 and December 31, 2020 and for the three months ended March 31, 2021 and 2020.

F-1

UNAUDITED INTERIM CONSOLIDATED INCOME STATEMENT

The accompanying Notes are an integral part of these Unaudited Interim Condensed Consolidated Financial Statements.

F-2

UNAUDITED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME / (LOSS)

The accompanying Notes are an integral part of these Unaudited Interim Condensed Consolidated Financial Statements.

F-3

UNAUDITED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION

The accompanying Notes are an integral part of these Unaudited Interim Condensed Consolidated Financial Statements.

F-4

UNAUDITED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY