ArcelorMittal : Fact book 2020

Fact Book 2020

Inventing smarter steels for a better world

ARCELORMITTAL FACT BOOK 2020

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Performance highlights

SALES REVENUEEBITDANET DEBT

$53,270						$4,301						$6,380
	(US$ millions)						(US$ millions)			(US$ millions)
	2020	53,270						2020		$4.3 billion		2020	$6.4 billion
	2019				70,615					2019	$5.2 billion							2019		$9.3 billion
	2018				76,033			2018			$10.3 billion			2018		$10.2 billion
	FREE CASH FLOW*						STEEL SHIPMENTS			IRON ORE PRODUCTION
$1,462							69.1Mt			58.0Mt
	(US$ millions)						(Million metric tonnes)			(Million metric tonnes)
	2020		$1.5 billion								2020			69.1Mt					2020			58.0Mt
	2019				$2.3 billion				2019			84.5Mt				2019			57.1Mt
	2018	$0.8 billion								2018			83.9Mt				2018			58.5Mt

*Free cashflow defined as cashflow from operations less capex less dividends paid to minority shareholders

Our reporting

Our Fact Book is a central element in our commitment to engage stakeholders and communicate our financial and non-financial performance. It forms part of our wider approach to reporting at a global and local level, supported by reports that provide details on specific areas of our work or are designed for the use of specific stakeholder groups. Please find details of our other reporting below.

Integrated Annual	Reporting Index	Basis of Reporting	Climate Action	20-F	Annual Report
Review			Report 1

annualreview2020.arcelormittal.com

01 ARCELORMITTAL FACT BOOK 2020

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Contents

02	SECTION 1	03	Key financial and operational information
	Financial highlights	06	Five-year financial summary
08	SECTION 2	09	Key operational overview
Operations	11	Crude steel production quarterly by segment
	12	Crude steel production by process and region
		13	Steel shipments
		14	Steel shipments by product type and segment
		16	Sales by destination
		18	Group sales by market
		19	Capital expenditure
22	SECTION 3	23	Iron ore production and shipment by geography
Mining operations	26	Coal production and shipment by geography
	28	Reserves (iron ore and coal)
36		33	Raw material
SECTION 4	37	Sustainability performance due to publish in May 2021
	Sustainability performance
40	SECTION 5	41	Key financial and operational information
Financials	46	Quarterly condensed statement of operations
	47	Operating footprint
48	SECTION 6	49	Property, plant and equipment
Property, plant and equipment	52	NAFTA
	54	Brazil
		56	Europe
		58	ACIS
		60	Mining
		62	Joint Ventures
64	SECTION 7	NAFTA	Europe
Production facilities	65	Canada - Contrecoeur East, West	79	Belgium - Gent, Geel, Genk, Huy, Liège
	66	Canada - Hamilton	80	Bosnia and Herzegovina - Zenica
		67	Mexico - Lázaro Cárdenas	81	France - Dunkerque, Mardyck, Montataire
		68	USA - Burns Harbor		& Desvres, Florange, Mouzon, Basse-Indre
		82 France - Fos-sur-Mer
		69	USA - Cleveland and Warren
		83 Germany - Bremen, Bottrop
		70	USA - Indiana Harbour and West
		84	Germany - Eisenhüttenstadt
		Brazil
		85	Germany - Hamburg
		71	Argentina - Villa Constitucion
		86 Germany - Ruhrort, Hochfeld
		72	Brazil - Tubarao, Sol and Vega
		87 Italy - Taranto, Genova, Novi Ligure
		73	Brazil - Juiz de Fora, Piracicaba
		88 Luxembourg - Esch-Belval, Differdange
		74	Brazil - João Monlevade
		89 Poland - Krakow and Swietochlowice
		ACIS
			90 Poland - Dabrowa Gornicza, Sosnowiec, ZKZ
		75	Kazakhstan - Termitau
		91 Spain - Avilés, Gijón, Etxebarri,
		76	South Africa - Vanderbijlpark
			Lesaka, Sagunto
		77	South Africa - Newcastle,	92	Spain - Olaberría, Bergara
			Vereeniging, Pretoria
		78	Ukraine - Kryvyi Rih
	Production facilities	94	AM/NS Calvert - USA, Alabama
93 Joint ventures	95	AM/NS India - Hazira, Pune, Dabuna, Paradeep, Kirandul, Vizag
96	SECTION 8	97	Steelmaking process
Additional information	98	Products and services
	99	Glossary
		104	Disclaimer

02 ARCELORMITTAL FACT BOOK 2020

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Section 1

FINANCIAL HIGHLIGHTS

03 ARCELORMITTAL FACT BOOK 2020

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Key financial and operational information

EBITDA

EBITDA by segment (US$ millions)*

	1
	Total	2
5
	4,301
		3
	4

(US$ millions)	2020	%*
1 NAFTA	458	10
2 Brazil	978	21
3 Europe	833	18
4 ACIS	437	10
5 Mining	1,911	41
Holding and service companies
and eliminations	(316)
Total	4,301	100

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

Capex

Capital expenditure by segment (US$ millions)*

	6
	5	1
4	Total	2
	2,439
	3

(US$ millions)	2020	%*
1 NAFTA	459	19
2 Brazil	208	9
3 Europe	1,039	43
4 ACIS	324	14
5 Mining	370	15
Holding and service companies	39
Total	2,439	100

*% figures presented exclude holding and service companies.

Crude steel production

Crude steel production by segment (Mt)

4
	1
Total
71.5	2
3

(000's Mt)	2020	%
1 NAFTA*	17,813	25
2 Brazil	9,539	13
3 Europe	34,004	48
4 ACIS	10,171	14
Total*	71,527	100

*Figures excluding ArcelorMittal USA (which was sold to Cleveland Cliffs on December 9, 2020): NAFTA 7,883Kt; Total 61,596Kt

Steel shipments

Steel shipments by product (Mt)

	3
2	Total
	69.1
	1

Products (000's Mt)	2020	%
1 Flat	46,659	67
2 Long	21,369	31
3 Pipes and tubes	1,067	2
Total*	69,096	100

*Figures excluding ArcelorMittal USA (which was sold to Cleveland Cliffs on December 9, 2020): total 60Mt