EX-99.1 2 d381677dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

CAPITALIZATION AND INDEBTEDNESS

The following table sets forth the consolidated capitalization and indebtedness of ArcelorMittal as of September 30, 2022. You should read this table together with the Group’s consolidated financial statements and other financial data appearing in its annual report on Form 20-F for the year ended December 31, 2021, its interim consolidated financial statements and other financial data appearing in its half-year report for the six months ended June 30, 2022 filed on Form 6-K and its earnings release for the third quarter of 2022 (Exhibit 99.2 hereto).

 

   (amounts in U.S. $ millions)    As of September 30, 2022
  
     Actual

 

  

Short-term debt and current portion of long-term debt

      2,580  

Secured and Unguaranteed

      241  

Guaranteed and Unsecured

      33  

Secured and Guaranteed

      1  

Unsecured/Unguaranteed

      2,305  

Long-term debt, net of current portion

      6,414  

Secured and Unguaranteed

      690  

Guaranteed and Unsecured

      32  

Secured and Guaranteed

      0  

Unsecured/Unguaranteed

      5,692  

Non-controlling interests

      2,354  

Equity attributable to the equity holders of the parent

      51,563  

Common shares

      312  

Treasury shares

      (1,673 ) 

Additional paid-in capital

      28,645  

Mandatorily convertible subordinated notes

      509  

Retained earnings

      45,211  

Reserves(a)

      (21,441 ) 

Total equity

      53,917  

Total capitalization (Total equity plus Short-term debt plus Long-term debt)

      62,911  

(a) Includes foreign currency translation adjustments of $(22,801) million, unrealized gains on derivative financial instruments relating to CFH (Cash Flow Hedge) of $4,185 million, unrealized gains on investments in equity instruments at FVOCI (Fair Value through Other Comprehensive Income) of $182 million, and recognized actuarial losses of $(3,007) million.

Except as disclosed herein, there have been no material changes in ArcelorMittal’s consolidated capitalization and indebtedness since September 30, 2022.

Between October 1, 2022 and November 14, 2022, ArcelorMittal has repurchased 11,776,546 shares at a cost of €257,713,521.51 (equivalent to USD 252,855,380.11).

As of September 30, 2022, ArcelorMittal had $0.9 billion of consolidated secured indebtedness outstanding. As of September 30, 2022, ArcelorMittal had $5.5 billion of indebtedness available to be drawn under a revolving credit facility, all of which would be unsecured and ArcelorMittal South Africa had a ZAR 3.5 billion borrowing base facility, under which ZAR 1.5 billion ($83 million) had been drawn, all of which is or would be secured. On July 27, 2022, the Company entered into a $2.2 billion bridge term facility agreement with a financial institution. The facility may be applied toward the purchase price for the intended acquisition of Companhia Siderúrgica do Pecém, as well as the refinancing of its existing indebtedness and the payment of related fees, costs and expenses. As of June 30, 2022, ArcelorMittal had guaranteed $4.4 billion of debt of its associates and joint ventures.

 

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