Quarterly earnings of Arcelor Mittal

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Quarterly earnings of Arcelor Mittal

  1. 1. Presenting the quarterly earnings of:
  2. 2. Quarterly Earnings Results (in billions) Q4 2008 Q3 2008 Q4 2007 12M 2008 12M 2007 shipments (in metric tonnes) 17.1 25.6 28.0 101.7 109.7 sales 16,744 23,387 19,324 84,944 76,772 EBITDA1 2,129 5,701 3,346 16,643 14,155 operating income (loss) -2,627 3,633 2,271 8,319 10,821 net income (loss) -1,995 2,539 1,681 6,390 7,565 basic earnings (loss) per share ( in €) 1.46 1.85 1.19 4.62 5.41 1 EBITDAis defined as operating income plus depreciation, impairment expenses and exceptional items.
  3. 3. Sales of Arcelor Mittal(1) 25.000 20.000 15.000 23.387 19.324 16.744 10.000 5.000 0.000 In billions Q4 2008 Q3 2008 Q4 2007
  4. 4. Sales of Arcelor Mittal (2)  Reasons for the reductions of the sales (Q4):  Considerable slowdown in the world economy  The financial crisis  Exeptional charges ~ write-downs  Solution:  Production cuts
  5. 5. Sales of Arcelor Mittal(3)  Reasons for the increase of the sales (Q3):  Favorable economic climate  High demand for steel products  A new and lucrative contract  The dollar reached a low level  By spreading its activities
  6. 6. Sales for the 12 months 86.000 84.000 82.000 80.000 84.944 78.000 76.000 76.772 74.000 72.000 In billions 12M 2008 12M 2007
  7. 7. The net and operating loss in Q4  Reasons:  A higher level of borrowing  Investments: ~ Acquisition of Koppers Monnesan ~ Joint-venture in Gonvarri Brazil  The collapse of the demand  Income ↓ from AM South-Africa and Ostrava
  8. 8. current ratio 2.5 2 1.5 2.34 1 1.44 0.5 0 Arcelor Mittal sector's average
  9. 9. The net profit margin(1) 10.00% 9.50% 9.00% 8.50% 8.00% 7.50% 7.00% 8.35% 6.50% 7.52% 6.00% 5.50% 5.00% Arcelor Mittal sector's average
  10. 10. The net profit margin(2)  Measures the percentage of the turnover after deduction of all expenses  Varies from sector to sector  Lower than the sector’s average
  11. 11. Conclusion  Stable, financial healthy company  Still some homework  Cost control  Strengthen its position

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