Key financial and operational information

2015

US$ millions unless otherwise stated NAFTA BRAZIL EUROPE ACIS Mining Total
Financial information (audited)
Sales 17,293 8,503 31,893 6,128 3,387 63,578
Depreciation 616 336 1,192 408 614 3,192
Impairments1 526 176 398 294 3,370 4,764
Exceptional charges2 454 91 632 239 - 1,436
Operating income/(loss) (705) 628 171 (624) (3,522) (4,161)
Operating margin (as a percentage of sales) (4.1%) 7.4% 0.5% (10.2%) (104.0%) (6.5%)
Ebitda 891 1,231 2,393 317 462 5,231
Ebitda margin (as a percentage of sales) 5.2% 14.5% 7.5% 5.2% 13.6% 8.2%
Capital expenditure 392 422 1,045 365 476 2,707
Operational information (unaudited)
Crude steel production (thousands of metric tonnes) 22,795 11,612 43,853 14,219 n/a 92,479
Steel shipments (thousands of metric tonnes) 21,306 11,540 40,676 12,485 n/a 84,586
Average steel selling price (US$/t) 732 647 609 432 n/a 623
Employees 28,861 19,816 83,825 45,291 30,047 209,404

Number of employees at 2015

Total: 209,404
Number of employees %
NAFTA 28,861 14
Brazil 19,816 10
Europe 83,825 40
ACIS 45,291 22
Mining 30,047 14

Full-time equivalent (excludes others)

1 Impairment charges for 12M 2015 were $4.8 billion relating to:

  • Mining segment ($3.4 billion): consisting of $0.9 billion with respect to goodwill and $2.5 billion primarily related to fixed assets mainly due to a downward revision of cash flow projections relating to the expected persistence of a lower raw material price outlook at:
    • ArcelorMittal Liberia ($1.4 billion);
    • Las Truchas in Mexico ($0.2 billion);
    • ArcelorMittal Serra Azul in Brazil ($0.2 billion); and
    • ArcelorMittal Princeton coal mining operations in the United States ($0.7 billion)
  • Steel segments ($1.4 billion): consisting of fixed asset impairment charges of $0.2 billion related to the intended sale of the Long Carbon facilities in the US (ArcelorMittal La Place, Steelton and Vinton within the NAFTA segment), $0.4 billion primarily in connection with the idling for an indefinite time of the ArcelorMittal Sestao plant in Spain (Europe segment), and $0.8 billion related to:
    • NAFTA: Deployment of asset optimization programs at Indiana Harbor East and West in the United States ($0.3 billion);
    • Brazil: ArcelorMittal Point Lisas in Trinidad and Tobago ($0.2 billion) currently idled; and
    • ACIS: Saldanha plant in South Africa as a result of its revised competitive outlook ($0.3 billion)

2 Exceptional charges for 12M 2015 were $1.4 billion primarily including $1.3 billion inventory related charges following the rapid decline of international steel prices and litigation and other costs in South Africa ($0.1 billion).

2014

US$ millions unless otherwise stated NAFTA BRAZIL EUROPE ACIS Mining Total
Financial information (audited)
Sales 21,162 10,037 39,552 8,268 4,970 79,282
Depreciation and impairment (820) (457) (1,567) (525) (766) (4,203)
Operating income/(loss) 386 1,388 737 95 565 3,034
Operating margin (as a percentage of sales) 1.8% 13.8% 1.9% 1.1% 11.4% 3.8%
Ebitda 1,206 1,845 2,304 620 1,331 7,237
Ebitda margin (as a percentage of sales) 5.7% 18.4% 5.8% 7.5% 26.8% 9.1%
Capital expenditure 505 497 1,052 573 993 3,665
Operational information (unaudited)
Crude steel production (thousands of metric tonnes) 25,036 10,524 43,419 14,148 n/a 93,127
Steel shipments (thousands of metric tonnes) 23,074 10,376 39,639 12,833 n/a 85,125
Average steel selling price (US$/t) 843 867 773 576 n/a 775
Employees 31,410 20,860 86,054 47,445 34,876 222,327

2013

US$ millions unless otherwise stated NAFTA BRAZIL EUROPE ACIS Mining Total
Financial information (audited)
Sales 19,645 10,148 40,507 8,419 5,766 79,440
Depreciation and impairment (767) (691) (2,089) (738) (804) (5,139)
Restructuring charges (517) (33) (552)
Operating income/(loss) 630 1,204 (985) (457) 1,176 1,197
Operating margin (as a percentage of sales) 3.2% 11.9% (2.4%) (5.4%) 20.4% 1.5%
Ebitda 1,397 1,895 1,621 314 1,980 6,888
Ebitda margin (as a percentage of sales) 7.1% 18.7% 4.0% 3.7% 34.3% 8.7%
Capital expenditure 422 276 990 398 1,342 3,452
Operational information (unaudited)
Crude steel production (thousands of metric tonnes) 24,914 9,987 41,923 14,362 n/a 91,186
Steel shipments (thousands of metric tonnes) 22,500 9,797 38,269 12,422 n/a 82,610
Average steel selling price (US$/t) 829 940 804 613 n/a 799
Employees 31,100 20,521 91,571 50,774 36,775 232,353

2012

US$ millions unless otherwise stated NAFTA BRAZIL EUROPE ACIS Mining Total
Financial information (audited)
Sales 20,760 10,156 42,499 10,197 5,493 84,213
Depreciation and impairment (771) (729) (6,976) (665) (546) (9,737)
Restructuring charges (587) (587)
Operating income/(loss) 1,243 561 (5,725) (54) 1,209 (2,645)
Operating margin (as a percentage of sales) 6.0% 5.5% (13.5%) (0.5%) 22.0% (3.1%)
Ebitda 2,014 1,290 1,838 611 1,755 7,679
Ebitda margin (as a percentage of sales) 9.7% 12.7% 4.3% 6.0% 31.9% 9.1%
Capital expenditure 494 600 1,207 436 1,883 4,717
Operational information (unaudited)
Crude steel production (thousands of metric tonnes) 24,315 9,872 39,776 14,268 n/a 88,231
Steel shipments (thousands of metric tonnes) 22,394 9,654 37,531 12,921 n/a 82,182
Average steel selling price (US$/t) 879 951 840 672 n/a 838
Employees 31,386 20,181 101,042 54,439 37,374 246,119
  • Ebitda defined as operating income plus depreciation, impairment expenses, restructuring and exceptional charges.
  • Sales amounts are prior to inter-company eliminations (except for total) and includes non-steel sales.
  • Steel shipments are prior to inter-company eliminations (except for total).
  • Margin analysis calculated on the unrounded values.
  • Total column includes holding and service companies and eliminations.