EFTA01385452.pdf

3 January 2018 HY Corporate Credit HY Multi Sector,Media. Cable & Satellite [Figure 3: ArcelorMittal (MTNA) Semi-Annual Financial Summary (S. millions) Ilwakal NNW% 21114 iins T MIS PM INS IMP Li. non - Par/ 1 lall919222 NMI =MI MEM net,. In= owl WW1 Caumetted IMPS Cu. SKINS 929279 la.141 al PUP Ni,'. SP% 543295241 ch.09. 4.2% 12.3% .130% 48% Id% 16.3% •190% -1 7% Nun0 Cost el Saes 122221 331392 1$32$4 221.211 MALI 12122 354 77^ $65156 $19.5.011 04•09411 112.401 WM PAN MN Sill Ca, 17 Ora Pa 71% 4121% 1121% 111% ILI% 111% 42% 11.1 Seque0041%(;540.4 13% .718% -2633% 1799% .4.1% ILI% -7274% 4V.M. SG&A $1,491 $1,303 $1237 51493 $1.083 $1,145 $2220 $2$43 52.186 an Salts an an 4_2.1, an in )4_1 La t OpetellisImmo &Nei nazi MAIO Sill sue 03.819 HAN Sun WAN 41% nal OwanINNIMeta 14% nag% 71% 7.0% 51% 59% 71% Seauenaai % Charge 1.5% .24.7% 461.9% 140.4% 47.3% -237 I% 2020% !novel; Enense 311 MS $630 $838 $476 $430 $906 51279 21,114 income horn Irwesumems &JV• 326 I1232 WS 14921 (1231 1208) 13291 592 015/ FX &Other Nat Nmenong Losses 1221 CI PI 441 PP Lill Preenla a 074171 PAM ; flAsi SUN PPS *UP TATO/ i8.54141 237 731 568 853 I 133 480 813 902 996 Mnont5 Intetest 21 12 ass! it •As 15 till Anti 1±21 lane (Lat Caramels ale a 177.7117) VIM *ton an. UAr tax% Sint OrkBour °Pealing Income Mn WOO 6982111 $2.1411 $2,013 52.94$ $4179 SAP) $4.1111 Oe 44roes 1928 I 1.584 1392 tan 1,377 2,768 3.192 2.721 Other Restruttuong. Impalment 264 0 5272 4$ 0 0 0 5272 44 A0ultrnerts 2 12 PS2 21221 as 2 132 221 2241 ComPlamiPPM 92777 IMAM $1.887 as IOU MAM 141. 1212)% LI% I2% SS% 9.11% its% us% ea% Sequenisel %Ching, 5.0% .2sas 4299 98% 319% 22.1% .27.7% Less...C.40ex 12216 1L282 11422 51.102 fl an 11.191 22222 12.421 1. 799 .91, MON MAN a 8112 *MO LPL 349042 ell 241 1124 222 9.9 422 164 1222 SW* Pm a infra 199 aM Nu 111241 KIS POP lamp 11.12162•41 MK UM MP MP an. 11117 iTil nuns Minn cranswss• seat Na 32611,. al Miltla UMW NUM net,. 12%1CII Swami Dal /1331TDA Oa OA. 0.br 026 0.14 0.16 0.1,1 024 0.16 PS Pit 4•110% SA Ea UN a 2.19 It 149 Si Si 1191Diet/SMA BM LP St PS It it it St It EMMA ; Interest UN 43, 3.96 4.2e It 10.14 8.74 4.14 Sip E131TDACflex /8647eit 264 2.34 1.64 2.56 4.72 7.44 606 204 1St Can n in MS Mai 1H9 IMI al 11112 Mt MINA Mai $4.016 $4.712 $4.102 $2.395 $3.615 $2272 $2272 34102 $2415 Seared Otte $3.380 $2.338 $931 S896 $579 $506 $106 $501 3579 Consoldated Total Debt . $19,797 $2 21,270 $19,786 315.142 $13.674 $14.155 314.156 318786 $13474 OtakatilintalS1 MX a at UM MI AU LIN BUM BUM Tc48 IrOn 0/ • Sh;enents 190.11 20.21.11 20.24.11 17.469 16265 19.16% 3699 40.41/0 330A Total Coal SIN:mem 1848 lilt ISA 101A Isla 1061 3$8.8 2.581 1St Total Steel Shrontz 4.2.734 439.8 40.861 43.6811 40361 43.561 10.81.9 84803 8319 EIYIDA 0 Tonne CM) MA 1834 $601 $624 SIM $1024 964 3624 6744 rOeNtellserelen es 419/7107817 "Mr rum 111.22414% 4/166111Clorterly Newalls 3019 9017 9017 Pinto DIU ittettll ISM LIM Not 94192 nun 1217.2.2 ass 22% 2.3% IIKTDA 11.207 81,112 Total Stand Debt ism .4111 Si. 434 %Marti mu% In% 0,-.3 5.9 7.2% 43% 49% El 08n E..14 4 6251. S. hti 044 No. 17,2017 616 0 toes Capes $535 $166 $837 C400WM EM E•203t0 Sr Nts due Apr 9.2018 456 100049 456 733% Less: Merest 255 22.2 4100MM EUR 4.5%Sr Nis due Mar 29.2018 380 105.620 380 .071% Umbra 811.1417 MAO Ira 11.58n LISO 6.125% Sr Nte due An 1.2019 646 101 500 646 LOA FCC /Debt 306% 37.6% 29.0% _ _ 37506.41.1CUR 1005 Si Media Mw 25,2019 653 7025+7 853 an% UP PIMA 11117 CAM Cal 35006/81USD 5.125% Sr NO. Ow Jun1,2020 323 704 100 323 all% Cash $2 2256 $2272 $2.979 Fr. 225110.4 CHF 25%Sr Ms Ow Ai 3.2020 234 504 540 234 0 St% Total Debt 114.441 314.154 814049 C6035/%1WR 3575% Sr Nb Ns ..1916.2020 680 I% 572 680 026% Net Debt $112193 $114$4 $11.971 SI 08n USD 525% Se NU We ALQ 5,2020 621 705.500 621 2.52% T•1211.42•222. ai li 1i 51 580 USD 5.50% Sr Nes OS Mr 1,2021 752 709.000 752 322% Net Less 2.14 lat li 0500MM EUR 3.00% SI Nts due Apr 9,2021 567 707 975 567 0.54% manilla MSS shMt 7103.1 CI50W EUR 3.125% Sr NW Ate Jan 14,2022 852 709262 852 029% Sow MIA ibt Cash 52978 SI 18n USD 825% St Ms due Feb25.2022 1093 711 250 1.093 3.110% Qin 2400 Uns44 RCP* 1.522 $50003.1USD 6125% 5l Nu Ow Jun1.2025 497 714 750 497 382% Interest 900 118111 MAW SI 58n USD 740% St Nis Ow On IS, 2609 1.456 72$00 1466 5.97% Tama Puska 891 SI 08n USD 6.75% Sr Nrs the Mar 1,2041 984 726.500 984 526% Won ng Capra) I CO 1.46% 08esanete S•82025 399 399 Free Cash New 93,444 Shwtieern Bank Ware 11,44 1414 Other bans end ICO bone 587. 587 Yel7 1D/EBITDA 144 Other Unsecured Debt Yr17 PCIAM1DA lit TogDIM li it 914833 144 muint CA pe • I'Int Cr al or 17 22 1 7 5.11 142 5.06 Son'. Cit.:a, Sees. 94VenGeV Fonseve LP Page 178 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0086737 CONFIDENTIAL SDNY GM 00232921 EFTA01385452