ArcelorMittal

ArcelorMittal.com

2018 Factbook

Financials

Industrial assets

Mining operations

Operations

Our Business

How and where we run our steel and mining business.

Our progress

This year saw important progress across our business, where we continued to meet the needs of all our stakeholders.

Sustainability

Action 2020

Action 2020 is ArcelorMittal's commitment to structurally improving profitability and cash flow generation.

Governance

Good corporate governance is about compliance, continuous stakeholder dialogue and being a good corporate citizen.

Fact book

Details of our steel and mining operations, financials, production facilities and shareholder information.

Financial highlights 2018

Sales revenue

76,033

(US$ millions)

EBITDA

10,265

(US$ millions)

Net debt

10,196

(US$ millions)

EBITDA

EBITDA by segment (US$ millions)*


NAFTA	24%	#5C7F92
Brazil	15%	#8B819E
Europe	36%	#AA9E6E
ACIS	13%	#70A489
Mining	12%	#BAC48C
Total 10,265

(US$ millions)	2018	%*
1 NAFTA	2,471	24
2 Brazil	1,538	15
3 Europe	3,810	36
4 ACIS	1,405	13
5 Mining	1,278	12
Holding and service companies and eliminations	(237)	—
Total	10,265	100

*% figures presented exclude holding and service companies and eliminations.

Capex

Capital expenditure by segment (US$ millions)*

X-axis	Value	Color code
NAFTA	20%	#5C7F92
Brazil	8%	#8B819E
Europe	41%	#AA9E6E
ACIS	16%	#70A489
Mining	15%	#BAC48C
Total 3,305

(US$ millions)	2018	%*
1 NAFTA	669	20
2 Brazil	244	8
3 Europe	1,336	41
4 ACIS	534	16
5 Mining	485	15
Others	37	—
Total	3,305	100

* % figures presented exclude holding and service companies.

Crude steel production

Crude steel production by segment (Mt)


NAFTA	25%	#5C7F92
Brazil	13%	#8B819E
Europe	48%	#AA9E6E
ACIS	14%	#70A489
Total 92.5

(000’s Mt)	2018	%
1 NAFTA	22,559	24
2 Brazil	12,264	14
3 Europe	44,693	48
4 ACIS	13,022	14
Total	92,538	100

Steel shipments

Steel shipments by product (Mt)


Flat	69%	#FF3700
Long	29%	#414141
Pipes & Tubes	2%	#865F7F
Total 83.9

Products	2018	%
1 Flat	57, 528	69
2 Long	24,834	29
3 Pipes and tubes	1,492	2
Total	83,854	100

Mining operations

Own iron ore production by region (Mt)


North America	65%	#5C7F92
South America	6%	#8B819E
Europe	3%	#AA9E6E
Africa	4%	#C88F42
Asia, CIS & Other	22%	#70A489
Total 58.5

Region	2018	%
1 North America	36.9	63
2 South America	2.8	5
3 Europe	1.4	2
4 Africa	4.6	8
5 Asia, CIS & Other	12.8	22
Total	58.5	100

Iron ore shipments market priced, captive & strategic contracts (Mt)


Total market priced shipments	65%	#5C7F92
Captive (Cost plus basis)	35%	#5C7F92
Total 58.3

Iron ore shipments	2018	%
External Sales – Third party	12.7	—
Internal sales – Market Priced	24.9	—
1 Total market priced shipments	37.6	65
2 Captive (Cost plus basis)	20.6	35
Total Shipments	58.3	100

Sustainability performance

Our role in creating high quality, sustainable lifestyles.

Financials

In 2018, we exceeded our financial targets and materially improved our balance sheet strength.

Industrial assets

Achievable Capacity


NAFTA	25%	#f15320
Europe	46%	#f15320
Brazil	12%	#f15320
ACIS	17%	#f15320
Total 112

112Mt (without Ilva remedies)*	%
1 NAFTA	25
2 Europe	46
3 Brazil	12
4 ACIS	17
Total	100

* Crude steel achievable capacity including Ilva remedies (Ostrava and Galati) is 118Mt. Without the aforementioned assets the achievable capacity in 112Mt.

Blast furnace facilities and electric arc furnaces

X-axis	1 NAFTA	2 Europe	3 Brazil	4 ACIS
Color	#939498	#85868a	#77787c	#696969
Font Color	#FFFFFF	#FFFFFF	#FFFFFF	#FFFFFF
Blast furnaces	12	6	22	11
Electric arc furnaces	2	7	13	10

Furnaces	Total	NAFTA	Europe	Brazil	ACIS
Blast furnaces**	51	11	22	6	12
Electric arc furnaces	32	10	13	7	2

** The 2018 BF footprint presented above is not including the Ilva remedies (Ostrava and Galati). Including the remedies assest the total numbers of BF’s is 58, comprising the ones mentioned in the table above plus 4BF’s in Ostrava and another 3BF’s in Galati, i.e. including Ilva and Votorantim acquisitions, whilst excluding Ilva and Votorantim remedies and Florange capacity.
Comparing with 2017 the following changes occured: there are 2BF’s less in Florange (impairment) and additional 4BF’s in Ilva (scope in).

Automotives

We further improved our already best-in-class suite of automotive solutions.

Production facilities

With steelmaking plants in 20 countries, our operations are truly global.