ArcelorMittal South Africa
1
Annual Report 2008
Vision
To be the preferred supplier of steel solutions for the development of Sub-Saharan
Africa.
Mission statement
We aim to achieve our vision by:
➧
Producing safe, sustainable steel
➧
Pursuing operational excellence in all business processes
➧
Producing innovative steel solutions for our customers
➧
Caring for our environment and the communities in which we operate
➧
Striving to become an employer of choice
➧
Living the brand values of sustainability, quality and leadership
Financial features
Revenue
increased
by
36%
Operating profit
increased
by
58%
to R12.2 billion
Year ended
31 December
2008
Year ended
31 December
2007
Headline earnings
increased
by
65%
to R9.5 billion
Financial summary
Physical (‘000 tonnes)
Liquid steel production
5 774
6 375
Domestic sales
4 375
4 422
Total dividend 707
cents
per share
Export sales
714
1 397
Financial (Rm)
Revenue
39 914
29 301
EBITDA
13 602
8 802
Profit from operations
12 159
7 703
– Flat carbon steel products
7 007
4 827
– Long carbon steel products
3 672
2 652
– Coke and Chemicals
1 743
727
– Corporate and other
(263)
(503)
Headline earnings
9 484
5 741
Net cash flow before finance activities and capital reduction
3 698
2 871
Total assets
37 435
28 205
Share information (cents)
Headline earnings per share
2 128
1 288
Dividends per share (paid in 2008/2009)
707
429
Financial ratios (%)
Return on shareholders' equity (headline)
39
26
Net cash to equity
30
19
