Mittal Steel Company

Mittal Steel CompanyOur Philosophy, Our Values

Est. 1976

Objective

A comparative introduction of Mittal Steel Company,

its competitive product line, strategies

and financial stability

Mittal Steel Company

Introduction

Headquartered in Netherlands The world’s largest steel producing company Global presence in 18 countries with 260,000

workforce Highest revenue in the industry Tremendous acquisition momentum Product versatility in every segment Biggest “Direct Reduced Iron” (DRI) producer Strong clientele among 150 countries


Management

Lakshmi Mittal, President and Chief Executive Officer

Joseph Kinsch, Chairman of Board of Directors Aditya Mittal, CFO Finance & Strategy Board of Directors consists of 18 members

three employee representativesthree chosen by shareholderssix nominated by Arcelorsix nominated by Mittal


Chief Executive Officer

Lakshmi Mittal, Born in India (1950) Graduated in Arts from Calcutta Established first Facility in Philippines in 1976 Widely recognized for his leading role Executive positions in several companies # 1 richest person in Europe # 4 richest person in the world Personal fortune of US $45 Billion


Awards

2008 Padma Vibhushan, Second Highest Indian Civilian Honor

2007 Asian Business Award, Middle East 2007 Bessemer Gold Medal, Institute of

Materials, Minerals & Mining 2006 Person of the Year – Financial Times 2004 European Businessman of the Year –

Fortune Magazine 1998 Willy Korf Steel Vision Award – American

Metal Market & PaineWeber’s World Steel Dynamics

1996 Steelmaker of the Year – New Steel Organization, USA


Global Presence

Cuba

Mexico

France Germany

Romania

South Africa

Macedonia

Poland

Algeria

HQ


USA

Canada

Czech Republic

Bosnia

Italy

Ukraine

Kazakhstan

Brazil

Employees by Global Regions

Years 2003 2004 2006 2007 2008Americas 11.2 10.4 9.7 24.3 35.6Europe 4.7 41.8 79.3 128.2 130.4Asia & Africa 64.3 64.1 75.4 71.8 90.8

Total 80.2 116.3 164.4 224.3 256.8

(Numbers in Thousands)


Facts & FiguresMittal Steel Company

Income Statement

(Numbers in Millions)

ShareholdersMittal Steel Company

As of December 31, 2007, authorized common shares were consisted of 1,470,000,000 shares, while 1,448,826,347 common shares were issued and 1,421,570,646 shares were outstanding.

Stock Exchange

Symbol: MT

Stock Exchanges (2007)Stock Exchanges (2007)New York $New York $ Amsterdam Amsterdam

€€ Paris €Paris €

High Low High Low High Low

First Quarter 54.35 39.59 41.03 30.02 41.03 30.02

Second Quarter

66.90 52.41 50.08 38.15 50.08 38.15

Third Quarter 79.24 51.18 55.80 37.55 55.80 37.54

Fourth Quarter

83.88 67.68 58.26 45.67 58.25 45.70

Average 71.09 52.72 51.29 37.85 51.29 37.85

Current (Saturday) 85.33 53.37 53.30

Global Steel Market

Consumption is highly cyclical Annual consumption growth of 1-2% in the

developed countries• Slow growth in the major markets

i. Construction ii. Automobiles iii. Mechanical engineering

Annual consumption growth in China of >13% • Representing 25% of world market

Primary advantage is steel’s low cost• Competition from substitute materials

i. Aluminium ii. Plastics


Shipment by Countries

(Numbers in Thousands of shot Tons)


Steel Producers’ Ranking

(Numbers in Million Metric Tons)


Business Strategy

Pursuit of constant restructuring and cost-cutting Moving away from commodity steel production

Specialization Higher value added production

Growth strategies Growing market required Sufficient cost advantage

New technologies Changing mindsets from regional to global

Mergers resulting in major industrial rationalisation


Cost Reduction Strategy

To maintain our position in the lowest cost quartile Initiatives aimed at cost reduction, through:

Operating efficiency improvements Raw materials & procurement initiatives Increased labor productivity Newcastle PCI project


Conclusion

Our strategy is aimed at creating value through the steel cycle Improving our operating capabilities

Improving our cost competitiveness Growth through optimal capital expenditure

Focusing on global marketing efforts Creating an a high performance culture Be a responsible corporate citizen


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Athar Hussain

Kings Graduate College of BusinessKings Graduate College of BusinessNew York, USANew York, USA

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