bold spirit - ArcelorMittal South Africa

4
ArcelorMittal South Africa
Annual Report 2010
Group review at a glance continued
Year ended 31 December
2010 2009 2008 2007 2006 2005
RATIOS
Profitability and asset management
Return on net assets (%) 8.4 1.5 43.2 30.3 24.3 33.9
Return on ordinary shareholders’ equity (%)
– Attributable earnings (%) 6.0 (1.9) 38.6 26.1 22.0 28.7
– Headline earnings (%) 6.2 (1.8) 39.0 26.2 22.1 28.8
Return on invested capital (%) 10.1 1.9 56.0 40.0 33.6 43.4
Operating margin (%) 7.1 0.9 30.5 26.3 24.0 28.7
Net asset turn (times) 1.1 1.0 1.2 1.2 0.9 1.0
Solvency and liquidity
Financing cost cover (times) 7.5 3.0 0.0 0.0 0.0 237.7
Current ratio (times) 2.8 2.9 4.1 3.4 4.3 3.8
Net debt to equity ratio (%) 14.2 18.1 28.8 19.3 33.0 22.9
Cash realisation rate (%) 52.2 172.9 50.3 68.3 58.7 40.5
Productivity
Average number of employees (’000) 9.1 9.2 9.5 9.1 9.8 10.9
– Steel 7.8 8.0 8.6 8.2 9.1 10.1
– Corporate and Other 1.3 1.2 0.9 0.9 0.7 0.8
Revenue per average employee (R’000) 3 305 2 767 4 293 3 217 2 594 2 195
Prices (actual invoiced) USD/t C&F
Hot-rolled-coil export price 703 508 966 659 531 560
Low-carbon wire-rod export price 698 510 909 592 508 490
Five-year
annual
compound
growth
rate
%
Year ended 31 December
2010 2009 2008 2007 2006 2005
SHARE PERFORMANCE
Number of shares in issue (million) 401 401 446 446 446 446
Weighted average in issue (million) 401 423 446 446 446 446
Earnings per ordinary share
– Basic earnings basis (cents) 335.2 (113.0) 2 104.5 1 282.3 1 053.5 1 136.5
– Headline earnings basis (cents) 343.2 (104.0) 2 127.6 1 287.9 1061.1 1 139.0
Dividend per ordinary share (cents) 150.0 707.0 429.0 347.0 380.0
Dividend cover (times) 9.2 3.0 3.0 3.1 3.0
Net equity per ordinary share (cents) 5.2 5 622 5 465 6 280 4618 5 218 4 360