ArcelorMittal (MT) Investor Presentation summary

Strategic positioning and growth drivers

• Operates in 15 countries with 127,000 employees, integrating steel and mining across the value chain, and leading in high-value segments like automotive.

• North America is the largest EBITDA contributor, with significant expansion plans; India capacity is set to triple by decade's end.

• Growth is driven by global population increases, rising living standards, energy transition, supply chain security, and new mobility systems, with notable steel demand growth expected outside China, especially in India, Brazil, and the US.

• Maintains strong positions in structurally attractive markets such as USMCA, Brazil, and India, with high barriers to entry and vertical integration.

Investment and expansion initiatives

• Major investments in the US include doubling HBI capacity in Texas, expanding EAF at Calvert, and new electrical steel lines in Alabama.

• Canadian and Mexican operations are being upgraded for DRI production and increased pellet feed capacity.

• In India, AMNS (60% owned) will double capacity to 15Mt by 2026 and triple to 24Mt by decade's end, targeting a fourfold increase in EBITDA and investible cash flow.

• Greenfield options in India could further boost capacity to 40Mt long-term.

Innovation, R&D, and operational excellence

• Operates 14 research sites in 9 countries with 1,700 engineers, focusing on digitalization and sustainability.

• Holds 12,870 patents, launched 38 new products in 2023, and invested $300m in R&D.

• Recognized as #1 in technology and quality by major US automotive OEMs, with multiple awards from Toyota and Mercedes.