Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
Rebuilding profitability and mitigating risk - ArcelorMittal South Africa
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Medium term $100/t EBITDA target<br />
Target market<br />
approach<br />
Energy<br />
efficiencies<br />
Asset<br />
optimisation<br />
Improved<br />
operations<br />
2012 EBITDA/t<br />
$100/t<br />
$31/t<br />
• Objective to reach improvements of<br />
$70/t over 2012 mainly through internal<br />
cost measures<br />
• At 2012 price levels this will translate<br />
into $100/t in the year 2016<br />
• Market normalization will provide further<br />
opportunities to increase the EBITDA up<br />
to $150/t while volume growth will add<br />
to results<br />
• The improvement objective of 70$/t<br />
provides for $12/t unfavorable carbon<br />
tax impact. The <strong>South</strong> <strong>Africa</strong>n policy<br />
decisions, exchange rate movements<br />
<strong>and</strong> international price trends may affect<br />
favorably or unfavorably.<br />
8
Change language