Financial highlights

Highlights for 2011, 2012, 2013, 2014 and 2015

  2011 2012 2013 2014 2015
Health and safety          
Lost time injury frequency rate (LTIF)1 1.40 1.00 0.85 0.85 0.81
ArcelorMittal steel operations (millions of metric tonnes)
Production of steel products 91.9 88.2 91.2 93.1 92.5
Change year/year 1.4% (4.0%) 3.3% 2.1% (0.7%)
Shipments of steel products 83.5 82.2 82.6 85.1 84.6
Change year/year 1.0% (1.5%) 0.5% 3.0% (0.6%)
ArcelorMittal mining operations (millions of metric tonnes)
Mining production          
Iron ore:          
Own production 54.1 55.9 58.4 63.9 62.8
Long-term contract 11.1 12.3 11.7 13.1 10.9
Total iron ore production 65.2 68.1 70.1 77.0 73.7
Coal:          
Own production 8.3 8.2 8.1 7.0 6.1
Long-term contract 0.6 0.7 0.8 0.7 0.1
Total coal production 8.9 8.9 8.8 7.7 6.2
Mining shipments          
Iron ore:          
External sales - Third party 9.0 10.4 11.6 14.4 13.7
Internal sales - Market-priced 19.0 18.4 23.5 25.4 26.7
Internal sales - Cost-plus basis 23.6 25.6 24.4 23.9 22.1
Strategic contracts 11.1 12.3 11.7 13.1 11.4
Total iron ore shipments 62.7 66.6 71.3 76.8 73.9
Coal:          
External sales - Third party 3.5 3.3 3.3 1.8 1.5
Internal sales - Market-priced 1.4 1.8 1.6 2.1 1.3
Internal sales - Cost-plus basis 3.3 3.1 2.9 3.3 3.2
Strategic contracts 0.6 0.7 0.8 0.7 0.1
Total coal shipments 8.9 9.0 8.5 7.9 6.1
ArcelorMittal financials (US$ millions)          
Sales 93,973 84,213 79,440 79,282 63,578
Ebitda2 10,450 7,679 6,888 7,237 5,231
Operating income/(loss) 5,204 (2,645) 1,197 3,034 (4,161)
Net income/(loss) attributable to equity holders of the parent 2,420 (3,352) (2,545) (1,086) (7,946)
Net cash provided by operating activities 1,859 5,340 4,296 3,870 2,151
Net cash used in investing activities (3,744) (3,730) (2,877) (3,077) (2,170)
Net cash (used in) provided by financing activities (555) (1,019) 241 (2,750) 395
Cash and cash equivalents and restricted cash 3,908 4,540 6,232 4,016 4,102
Property, plant and equipment 54,382 53,989 51,364 46,593 35,780
Total assets 121,679 113,998 112,308 99,179 76,846
Short-term debt and current portion of long-term debt 2,769 4,348 4,092 2,522 2,308
Long-term debt, net of current portion 23,634 21,965 18,219 17,275 17,478
Equity attributable to the equity holders of the parent 52,742 47,016 49,793 42,086 25,272
Net debt3 22,495 21,773 16,079 15,781 15,684
ArcelorMittal financials per share (US$)          
ArcelorMittal average share price 28.24 16.84 14.39 14.65 8.47
Book value per share 34.05 30.35 27.97 23.50 14.08
Basic earnings/(loss) per share 1.56 (2.17) (1.46) (0.61) (4.43)
ArcelorMittal ratios          
Ebitda margin 11.1% 9.1% 8.7% 9.1% 8.2%
Operating margin 5.5% (3.1%) 1.5% 3.8% (6.5%)
Ebitda per tonne 125.2 93.4 83.4 85.0 61.8

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.

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).