ArcelorMittal S.A. (MT) Q3 2024 Earnings Call Transcript

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Q3: 2024-11-07 Earnings Summary

EPS of $0.63 beats by $0.15
 | Revenue of $15.20B (-8.55% Y/Y) beats by $41.41M

ArcelorMittal S.A. (NYSE:MT) Q3 2024 Earnings Conference Call November 7, 2024 9:30 AM ET

Company Participants

Daniel Fairclough – Investor Relations
Genuino Christino – Group Chief Financial Officer

Conference Call Participants

Ephrem Ravi – Citi
Alain Gabriel – Morgan Stanley
Tom Zhang – Barclays
Patrick Mann – Bank of America
Andrew Jones – UBS
Dominic O’Kane – JPMorgan
Boris Bourdet – Boris Bourdet
Tristan Gresser – BNP Paribas
Matt Greene – Goldman Sachs
Max Kogge – Oddo
Bastian Synagowitz – Deutsche Bank

Daniel Fairclough

Great. Good afternoon, everyone. This is Daniel Fairclough from the ArcelorMittal Investor Relations team. Thank you for joining this call to discuss ArcelorMittal’s performance and progress during the Third Quarter and Nine-Months of 2024. Leading today’s call will be our Group CFO, Genuino Christino.

Before we begin, I would like to mention a few housekeeping items. As usual, we will not be going through the results presentation, which we published this morning on our website. However, I do want to draw your attention to the disclaimers on Slide 2 of that presentation. As usual, Genuino will be making some opening remarks before we move on to the Q&A session. So if you would like to join the queue ask a question, then please door press star 1 on your keypad.

Over to you, Genuino.

Genuino Christino

Thanks, Daniel, and welcome everyone. As usual, I will keep my remarks brief. I want to focus on three key themes, beginning first with safety. Across ArcelorMittal our people are galvanized to improve our safety performance and achieve our goal of being fatality and serious injury free as quickly as we can. We recently announced that the dss+ safety audit has been completed, culminating a clear set of six recommendations. The audit took nine months and we went right from top to bottom of the company. As we now move to the

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