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Forward-Looking Statements

  • This document may contain forward-looking information and statements about ArcelorMittal and its subsidiaries. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements may be identified by the words "believe", "expect", "anticipate", "target" or similar expressions. Although ArcelorMittal's management believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of ArcelorMittal's securities are cautioned

    that forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of ArcelorMittal, that could cause actual results and developments to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the filings with the Luxembourg Stock Market Authority for the Financial Markets (Commission de Surveillance du

    Secteur Financier) and the United States Securities and Exchange Commission (the "SEC") made or to be made by ArcelorMittal, including

    ArcelorMittal's latest Annual Report on Form 20-F on file with the SEC. ArcelorMittal undertakes no obligation to publicly update its forward- looking statements, whether as a result of new information, future events, or otherwise.

Non-GAAP/Alternative Performance Measures

  • This document includes supplemental financial measures that are or may be non-GAAP financial/alternative performance measures, as defined in the rules of the SEC or the guidelines of the European Securities and Market Authority (ESMA). They may exclude or include amounts that are included or excluded, as applicable, in the calculation of the most directly comparable financial measures calculated in accordance with IFRS. Accordingly, they should be considered in conjunction with ArcelorMittal's consolidated financial statements prepared in accordance with IFRS, including in its annual report on Form 20-F, its interim financial reports and earnings releases. Comparable IFRS measures and reconciliations of non-GAAP/alternative performance measures thereto are presented in such documents, in particular the earnings release to which this presentation relates.

Safety is our priority: committed to reach zero harm

  • Following full review of every aspect of safety a multi-pronged action plan has been deployed, building on and supporting the considerable policies and processes already in place

  • Global H&S team strengthened

  • Group's H&S policy, standards and golden rules updated: comprehensive and effective dissemination throughout the Company is being actioned

  • Safety training & mentoring upgraded: leadership presence on the shop floor now mandatory and central to day-to-day performance reviews

  • Instituted a "quarantine" for operations that have experienced a serious incident or deemed at risk of such an incident

  • Remuneration links to H&S strengthened: 50% increase in the STI link to safety performance (with fatalities acting as a circuit breaker); Safety target in STIP increased to 15%, and LTIP to 10%; ESG objectives included in LT incentive plans

Health and safety performance (LTIF)*

3.5

3.0

2.5

2.0

1.5

1.0

0.5

0.0

2007

2008

2009

2010

2011

2012

2013

2014

2015

Global Health & Safety Day on April 28, 2022

* LTIF = Lost time injury frequency defined as Lost Time Injuries per 1.000.000 worked hours; based on own personnel and contractors; A Lost Time Injury (LTI) is an incident that causes an injury that prevents the person from returning to his/her next scheduled shift or work period. Figures presented for LTIF rates exclude ArcelorMittal Italia in its entirety and from 2021 onwards exclude ArcelorMittal USA following its disposal in December 2020. (Prior period figures have not been recast for the ArcelorMittal USA disposal); STI/LT refers to short term / long term incentive plan

2016

2017

2018

2019

2020

2021

1Q22

Adapting Kryvyi Rih to ensure safety of people and integrity of assets

  • First priority is safety of our people working in ArcelorMittal Kryvyi Rih

  • At the onset of the war in Ukraine, the Company announced the suspension of operations to protect its people and assets

  • Since then we have slowly restarted operations, and are currently operating 1 of 3 blast furnaces

  • Blast furnace No.6 (~20% of Kryvyi Rih capacity), was restarted on April 11, 2022 (to resume low levels of pig iron production)

  • Iron ore production is currently running at about 50-60% capacity

  • Identified contingencies in place to ensure operations are restarted safely and without risk

Supporting our colleagues and communities in Ukraine

  • Significant humanitarian effort undertaken ~1000 family members evacuated

  • The Company has been actively supporting the humanitarian relief efforts in Ukraine. So far $7.6 million has been donated; this includes $2.8 million gifted by our colleagues worldwide - an amount which was then matched by ArcelorMittal - through support established with UNICEF

  • Funds raised have been used to reach vulnerable children and families affected by the conflict with essential services, including health, education, protection, water and sanitation

  • Provided logistical assistance for employees across the EU27 countries to offer accommodation for our Ukrainian colleagues

Bus full of Ukrainian young children with their mothers being evacuated from Kryvyi Rih and settled in Poland

A strong start to the year

Key 1Q'22 figures:

  • $5.1bn EBITDA

  • $1.5bn FCF

  • $4.1bn net income

  • $4.28 EPS

  • $57/sh book value

  • 36% ROE*

Decarbonization leadership:

2030 targets set (25% CO2e reduction globally, 35% for Europe)

1st Smart Carbon projects to start production end-2022

1st Hydrogen reduction project to start production 2024-25

Plans announced to transform 4 integrated sites to DRI/EAF

XCarb Innovation Fund investments in five technology partnerships

Strategic growth:

$3.65bn strategic capex envelope to generate $1.2bn additional EBITDAAgreed acquisition of Corpus Christi HBI plant to facilitate decarbonization

$0.6bn India investment to develop renewable energy capacity

Plans underway to significantly expand capacity through JVs in India and the US (Calvert)

Capital returns:

$7.7bn capital returned to shareholders since Sept'20

Base dividend of $0.38/sh to be paid in June

2022 SBB increased to $2.0bn (of which $0.5bn completed in 1Q'22 and $0.5bn completed in Apr'22)**

Fully diluted share count reduced to 949m at end 1Q'22 (-22% lower than 3Q'20)

Focussed on creating sustainable per share value

* ROE (Return on Equity) is calculated as trailing twelve-month net income attributable to equity holders of the parent divided by the average equity attributable to the equity holders of the parent over the period. ** By the end of March 31, 2022, the Company had repurchased 18.3m shares for $569m (of which $504m was paid by the end of March 31, 2022, and $65m settled early April 2022). By market close on April 25, 2022, ArcelorMittal had completed the $1bn SBB with the repurchase of 31.8m shares at ~€28.68 per share. Including the new $1bn share buy back and dividends, declared returns since Sep'20 total $9.5bn

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ArcelorMittal SA published this content on 06 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2022 15:49:07 UTC.