Arcelormittal Sa · EURONEXT:MT
Arcelormittal Sa — IPO Roadshow (February 2016)
15 slides from Arcelormittal Sa's IPO roadshow presentation, Feb 5, 2016
Slide 1: Free Writing Prospectus
FREE WRITING PROSPECTUS Filed pursuant to Rule 433 Registration Statement No. 333-202409
Slide 2: Strengthening our balance sheet, repositioning the opportunity
Strengthening our balance sheet, repositioning the opportunity
Slide 3: General disclaimer
IBDROOT\PROJECTS\IBD-LN\FRACTION2015\585460_1\6. General the be regulated securities _Relevant of Netherlands, (Commission competent (www.arcelormittal.com). In Luxembourg. This Financial within offer person For relates. ArcelorMittal on by telephone NOT 1PROHIBITED aany each the writing Council rea
Slide 4: Forward-looking statements
IBDROOT\PROJECTS\IBD-LN\FRACTION2015\585460_1\6. Forward-looking This financial to the expectations that generally expressed discussed Secteur including 2forward-looking future words forward-looking presentation Financier operations, projections beyond ArcelorMittals or _believe, in,identified refle
Slide 5: Executing strategy to deliver value to shareholders
$4bnsegments Overview asset All Pro spreads 2015 Opportunities cash 3Executing forma flow sale net debt EBITDA at net strategy current of reduction debt to the deliver to atbusiness steel December deliver through c.$3bn spreads FCF value EBITDA 31, $3bn by positive to2015 2020 shareholders capital i
Slide 6: Global leading steel and mining company positioned to capitalize on recovery
Global continuous Worlds Developed Low Optimized next Primary supported centres Capacity Roadmap 4ArcelorMittal comes cost presence, globally leading position to assets…. to by asset markets investment the capitalize achieve industry isUS steel the base in industry footprint well premium are world a
Slide 7: Significant actions implemented since 2012
Reduced Net Interest $2.5bn² Portfolio Highgrading Optimization Successfully Cost $3bn Capex Dividends 5²¹Significant Reported Since Debt competitive Cutting management Cut end expense ofby Closure announcements Suspended proceeds net by actions 2012; $6.1bn assets implemented delivering $2.0bn debt
Slide 8: Steel cycle recovery signals and supply stabilization
Capacity New Supply support Stabilization destocking Steel Encouraging Positive continues European cycle in China 132 146 159 87 117 125 US ASC 2013 96 Policy Source: 1. HMS 62. ASC $/t China 93 ASC steel +34% _Industry RSC price spreads 2014 differential 1/2 steel actions side refers Mysteel, indus
Slide 9: 2015 EBITDA and performance highlights
2015 EBITDA: Mining exceeding Liquidity Deleveraging (USDm) Iron Steel Sales Net Adjusted 1EBITDA FY(loss) loss¹driven ore 2015 performance: shipments performance 13,981 costs shipments unless 1,103 impacted net improved: /FY15 the net income(6,686)(711)(955)(7,946)(1,086) (loss) 15,589 performance
Slide 10: Capex, dividend and interest cash savings
Further $1bn expected Capex: Dividend Cash Capex 3.5 4.7 -2.3 2.7 Net 1.9 -0.8 1.5 2012 All 212016F These management, that 8any At From 3.7 2.4 1.8 1.3 segments interest person could spot reduction 2013 taxes: interest: statements (US$bn) 1.1 $0.3bn net reduction in FX suspended: cause 2014 that deb
Slide 11: Sale of Gestamp stake
SaleRiberas the welded The ArcelorMittals stated Our automotive ArcelorMittal collaborate This income dividend 9Gestamp sale strategic of sale strategy 35% blanks will of (~$15m is sale hasin our aOEMs unaffected family decline stake privately no and unlocks proceeds automotive will of for sharehold
Slide 12: Near-term actions to right-size balance sheet
Actions Near-term EBITDA 14.7 3.0 (1.0) (3.0) 7.6 6.0 Cash 5.0 4.1 as 2015A Net Capital 21proceeds 10Net Includes ofbalance Capital credit debt 1.0 11.7 Unutilized on long-term 15.7 c.$1bn raise to Gestamp /Gestamp Gestamp 3.0x lines raise actions $2.3bn right-size 2015YE 14.1 right-sizes 2.8x 2015A
Slide 13: Action 2020 EBITDA improvement plan
_Action Includes (EBITDA/T) gains ($250mn)2 Brazil HAV 9Ivolumes operations AMSA 4new continuing which industry 2016 Action 1with These management, are will these this ncludes mproved At 4 based presentation variations, iron current further ACIS mix, further statements Value involves seek 2020 compe
Slide 14: Summary
4bnsegments Summary previous All Pro will New steel Executing 12 forma net restart spreads opportunities debt actions net strategy dividend reduction by of debt 2020 the to to at reduce business distribution 31/12/15 deliver through cash FCF c.$85/t value reduced $3bn flow once positive toEBITDA req
Slide 15: Indicative Capital Structure and Offer Terms
Indicative Capital Structure Rump Offer Terms Public Distribution International Equity Use Investment Subscription and Corporate Lock-up Board Legal timing The Preferential Trading 13 underwriting rights ofsize authorizations of placement Issue offering The proceeds issuance increase Euronext 180 Di