1. Presenting the quarterly earnings of:

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. 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. 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. 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. 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. 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. current ratio
2.5
2
1.5
2.34
1
1.44
0.5
0
Arcelor Mittal sector's average

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. 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. Conclusion
 Stable, financial healthy company
 Still some homework
 Cost control
 Strengthen its position