Alan's questions to ArcelorMittal SA (MT) leadership • Q2 2024
Question
An analyst from Bloomberg Intelligence asked for clarification on the ramp-up profile for the EBITDA contribution from strategic projects. He also inquired about the expected evolution of net debt in Q3 and Q4, considering the Vallourec payment and working capital movements.
Answer
Executive Daniel Fairclough detailed the EBITDA cadence from strategic projects, highlighting a $500 million incremental benefit in 2025. Group CFO Genuino Christino confirmed the net debt profile: an increase in Q3 from the Vallourec payment, followed by a decrease by year-end, driven by positive free cash flow and a significant working capital release.