alerislogo1a01a01a01a02a34.jpg                         
For Immediate Release
     March 8, 2019


Aleris Reports Fourth Quarter and Full Year 2018 Results
CLEVELAND, Ohio – March 8, 2019 – Aleris Corporation today reported results for the three months and year ended December 31, 2018.
Fourth Quarter Summary
Net loss of $23 million compared to net loss of $107 million in the fourth quarter of 2017
Record fourth quarter Adjusted EBITDA of $61 million compared to $37 million in 2017
Increasing commercial shipments from North America automotive assets
Continued strong demand and improved operating performance increased Europe automotive volumes
Global aerospace volumes increased as the effect of destocking has ended
Strong building and construction demand and favorable metal environment in North America
Liquidity of approximately $469 million as of December 31, 2018
Full Year Summary
Net loss of $92 million compared to net loss of $211 million in 2017
Record Adjusted EBITDA of $276 million compared to $201 million in 2017
Increased commercial shipments from North America automotive assets; began supplying primary automotive OEM customer under multi-year agreement
Higher automotive volumes in Europe from strong demand and improved operating performance
Second half aerospace volumes benefited from the end of destocking and multi-year contracts; record aerospace volumes in Asia Pacific
Strong building and construction demand and favorable metal environment in North America
Completed debt refinancing that substantially increased liquidity and extended maturity profile to 2023
Announced a definitive agreement for Aleris Corporation to be acquired by Novelis, Inc.
First Quarter Outlook
First quarter 2019 segment income and Adjusted EBITDA expected to be higher sequentially and higher than the first quarter of 2018
Commercial shipments from North America automotive assets are expected to continue to grow based on committed volumes
European automotive volumes expected to continue to benefit from healthy demand and productivity improvements
Global aerospace volumes expected to benefit from a return to growth and higher volumes from our new multi-year contracts
Favorable year-over-year metal spreads and rolling margins expected in North America
Continued inflationary cost pressure expected



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The following information was filed by Aleris Corp on Friday, March 8, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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