GlobeNewswire Inc | Oct 23, 2020 06:00AM EDT

October 23, 2020



23 October 2020, 12:00 CET

ArcelorMittal today announces the publication of its third quarter 2020 EBITDA sell-side analysts consensus figures.

The consensus figures are based on analysts estimates recorded on an external web-based tool provided and managed by an independent company, Vuma Financial Services Limited (trade name: Vuma Consensus).

To arrive at the consensus figures below, Vuma Consensus has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of about 20 brokers.

The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.

EBITDA consensus estimates

Period Number of sell-side EBITDA consensus analysts participation average $ million3Q 2020 19 $838

The sell-side analysts who cover ArcelorMittal and whose estimates are included in the Group consensus outlined above are the following:

-- BancoSabadell - Francisco Rodriguez -- Bank of America Merrill Lynch Jason Fairclough -- Citi Ephrem Ravi -- Commerzbank - Ingo-Martin Schachel -- Credit Suisse Carsten Riek -- Deutsche Bank - Bastian Synagowitz -- Exane Seth Rosenfeld -- Goldman Sachs Jack OBrien -- GVC Gaesco Beka - Iigo Recio Pascual -- Groupo Santander Robert Jackson -- ING - Stijn Demeester -- Jefferies Alan Spence -- JPM Luke Nelson -- Kepler - Rochus Brauneiser -- Keybanc Phil Gibbs -- Morgan Stanley - Alain Gabriel -- Oddo Alain Williams -- Societe Gnrale Christian Georges -- UBS Myles Allsop

DisclaimerThe consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal's results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal's actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal's periodic reports available on http://corporate.arcelormittal.com/.

About ArcelorMittal ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of U.S.$70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/



Contact information ArcelorMittal Investor Relations Europe +44 20 7543 1156Americas +1 312 899 3985Retail +44 20 7543 1156SRI +44 20 7543 1156Bonds/Credit +33 171 921 026 Contact information ArcelorMittal Corporate Communications

E-mail: press@arcelormittal.comPhone: +442076297988 ArcelorMittal Corporate Communications Paul Weigh +44 20 3214 2419