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

Highlights for 2014-2018

	2014	2015	2016	2017	2018
Health and safety
Lost time injury frequency rate (LTIF)¹	0.85	0.81	0.82	0.78	0.69
ArcelorMittal steel operations (Millions of Mt)
Production of steel products	93.1	92.5	90.8	93.1	92.5
Change year/year	2.1%	(0.7)%	(1.9)%	2.6%	(0.6)%
Shipments of steel products	85.1	84.6	83.9	85.2	83.9
Change year/year	3.0%	(0.6)%	(0.8)%	1.6%	(1.6)%
ArcelorMittal mining operations (Millions of Mt)
Mining production
*Iron ore:*
Own production	63.9	62.8	55.2	57.4	58.5
Long-term contract	13.1	10.9	6.9	0.9	—
Total iron ore production	77.0	73.7	62.1	58.3	58.5
Coal:
Own production	7.0	6.1	6.3	6.3	5.9
Long-term contract	0.7	0.1	—	—	—
Total coal production	7.7	6.2	6.3	6.3	5.9
*Mining shipments*
Iron ore:
External sales - Third party	14.4	13.7	12.3	11.7	12.7
Internal sales - Market-priced	25.4	26.7	21.3	24.0	24.9
Internal sales - Cost-plus basis	23.9	22.1	22.3	22.2	20.6
Strategic contracts	13.1	11.4	6.9	0.9	—
Total iron ore shipments	76.8	73.9	62.8	58.8	58.2
Coal:
External sales - Third party	1.8	1.5	1.4	1.1	1.1
Internal sales - Market-priced	2.1	1.3	2.0	1.7	1.4
Internal sales - Cost-plus basis	3.3	3.2	3.4	3.5	3.3
Strategic contracts	0.7	0.1	—	—	—
Total coal shipments	7.9	6.1	6.8	6.3	5.8
ArcelorMittal financials (US$ millions)
Sales	79,282	63,578	56,791	68,679	76,033
EBITDA²	7,237	5,231	6,255	8,408	10,265
Operating income/(loss)	3,034	(4,161)	4,161	5,434	6,539
Net income/(loss) attributable to equity holders of the parent	(1,086)	(7,946)	1,779	4,568	5,149
Net cash provided by operating activities	3,870	2,151	2,708	4,563	4,196
Net cash used in investing activities	(3,077)	(2,170)	(1,143)	(2,830)	(3,759)
Net cash provided (used in) by financing activities	(2,750)	395	(2,926)	(1,731)	(689)
Cash and cash equivalents and restricted cash	4,016	4,102	2,615	2,786	2,354
Property, plant and equipment	46,593	35,780	34,831	36,971	35,638
Total assets	99,179	76,846	75,142	85,297	91,249
Short-term debt and current portion of long-term debt	2,522	2,308	1,885	2,785	3,167
Long-term debt, net of current portion	17,275	17,478	11,789	10,143	9,316
Equity attributable to the equity holders of the parent	42,086	25,272	30,135	38,789	42,086
Net debt ³	15,781	15,684	11,059	10,142	10,196
ArcelorMittal financials per share (US$)
ArcelorMittal average share price⁴	43.94	25.42	16.54	25.80	30.61
Book value per share ⁴	54.61	32.73	31.61	38.03	41.46
Basic earnings/(loss) per share ⁴	(1.43)	(10.29)	1.87	4.48	5.07
ArcelorMittal ratios
EBITDA margin	9.1%	8.2%	11.0%	12.2%	13.5%
Operating margin	3.8%	(6.5)%	7.3%	7.9%	8.6%
EBITDA per tonne	85	62	75	99	122

Sources: ArcelorMittal and NYSE

1 LTIF refers to lost time injury frequency rate defined as lost time injuries per 1.000.000 worked hours; based on own personnel and contractors. Following further review, subsequent minor changes have been noted to this indicator which are not considered material.

2 EBITDA defined as operating income plus depreciation, impairment expenses net of purchase gains, restructuring and exceptional charges/ (income).

3 Net debt: long-term debt, plus short term debt, less cash and cash equivalents, restricted cash and short-term investments (including those held as part of assets/liabilities held for sale).

4 Following the Company’s equity offering in April 2016, the earnings (loss) per share for prior periods have been recast in accordance with IFRS for the years ended December 31, 2015 and 2014, respectively, to include the bonus element derived from the 35% discount to the theoretical ex-right price included in the subscription price. Following the completion of the Company's share consolidation of each three existing shares into one share without nominal value on May 22, 2017, the earnings (loss) per share, corresponding basic and diluted weighted average common shares outstanding, book value per share and average share price for the years ended December 31, 2016, 2015 and 2014, respectively, have been recast in accordance with IFRS.