Overview

2016 was a year of important progress for ArcelorMittal.

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 2012, 2013, 2014, 2015 and 2016

  2012 2013 2014 2015 2016
Health and safety          
Lost time injury frequency rate (LTIF)1 1.00 0.85 0.85 0.81 0.82
ArcelorMittal steel operations (millions of metric tonnes)
Production of steel products 88.2 91.2 93.1 92.5 90.8
Change year/year (4.0%) 3.3% 2.1% (0.7%) (1.9%)
Shipments of steel products 82.2 82.6 85.1 84.6 83.9
Change year/year (1.5%) 0.5% 3.0% (0.6%) (0.8%)
ArcelorMittal mining operations (millions of metric tonnes)
Mining production          
Iron ore:          
Own production 55.9 58.4 63.9 62.8 55.2
Long-term contract 12.3 11.7 13.1 10.9 6.9
Total iron ore production 68.1 70.1 77.0 73.7 62.1
Coal:          
Own production 8.2 8.1 7.0 6.1 6.3
Long-term contract 0.7 0.8 0.7 0.1 -
Total coal production 8.9 8.8 7.7 6.2 6.3
Mining shipments          
Iron ore:          
External sales - Third party 10.4 11.6 14.4 13.7 12.3
Internal sales - Market-priced 18.4 23.5 25.4 26.7 21.3
Internal sales - Cost-plus basis 25.6 24.4 23.9 22.1 22.3
Strategic contracts 12.3 11.7 13.1 11.4 6.9
Total iron ore shipments 66.6 71.3 76.8 73.9 62.8
Coal:          
External sales - Third party 3.3 3.3 1.8 1.5 1.4
Internal sales - Market-priced 1.8 1.6 2.1 1.3 2.0
Internal sales - Cost-plus basis 3.1 2.9 3.3 3.2 3.4
Strategic contracts 0.7 0.8 0.7 0.1 -
Total coal shipments 9.0 8.5 7.9 6.1 6.8
ArcelorMittal financials (US$ millions)          
Sales 84,213 79,440 79,282 63,578 56,791
EBITDA2 7,679 6,888 7,237 5,231 6,255
Operating income/(loss) (2,645) 1,197 3,034 (4,161) 4,161
Net income/(loss) attributable to equity holders of the parent (3,352) (2,545) (1,086) (7,946) 1,779
Net cash provided by operating activities 5,340 4,296 3,870 2,151 2,708
Net cash used in investing activities (3,730) (2,877) (3,077) (2,170) (1,143)
Net cash (used in) provided by financing activities (1,019) 241 (2,750) 395 (2,926)
Cash and cash equivalents and restricted cash 4,540 6,232 4,016 4,102 2,615
Property, plant and equipment 53,989 51,364 46,593 35,780 34,831
Total assets 113,998 112,308 99,179 76,846 75,142
Short-term debt and current portion of long-term debt 4,348 4,092 2,522 2,308 1,885
Long-term debt, net of current portion 21,965 18,219 17,275 17,478 11,789
Equity attributable to the equity holders of the parent 47,016 49,793 42,086 25,272 30,135
Net debt3 21,773 16,079 15,781 15,684 11,059
ArcelorMittal financials per share (US$)          
ArcelorMittal average share price 16.84 14.39 14.65 8.47 5.51
Book value per share4 23.52 21.67 18.20 10.91 10.52
Basic earnings/(loss) per share4 (1.68) (1.13) (0.48) (3.43) 0.62
ArcelorMittal ratios          
EBITDA margin 9.1% 8.7% 9.1% 8.2% 11.0%
Operating margin (3.1%) 1.5% 3.8% (6.5%) 7.3%
EBITDA per tonne 93.4 83.4 85.0 61.8 74.5

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.

2 EBITDA defined as operating income plus depreciation, impairment expenses, 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 (excluding those held as part of assets/liabilities held for sale).

4 Following the Company’s equity offering in April 2016, the earnings (loss) and book value per share for prior periods have been recasted in accordance with IFRS in the current year for the years ended December 31, 2012 to December 31, 2015, to include the bonus element derived from the 35% discount to the theoretical ex-right price included in the subscription price.