Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 443

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 443
---
 and fixed rental fees per actual unit of output produced or transported by the leased assets. An estimation of the future cash outflows to which the Company is potentially exposed in relation to those contracts involving variable

lease payments, which are not reflected in the measurement of lease liabilities as of December 31, 2024 and December 31, 2023, is as

follows:

|                                  |                |           |           |                      | December 31, 2024 |
|:---------------------------------|---------------:|----------:|----------:|---------------------:|------------------:|
|                                  | 1 year or less | 2-3 years | 4-5 years | Greater than 5 years |             TOTAL |
| Potential variable leasepayments |             60 |        92 |        52 |                   36 |               240 |

|                                  |                |           |           |                      | December 31, 2023 |
|:---------------------------------|---------------:|----------:|----------:|---------------------:|------------------:|
|                                  | 1 year or less | 2-3 years | 4-5 years | Greater than 5 years |             TOTAL |
| Potential variable leasepayments |             70 |       111 |        72 |                   61 |               314 |

Also, some of the Company's lease contracts have extension and/or termination options as well as residual value guarantees whose amounts are not reflected in the measurement of the lease liabilities as of December 31, 2024 and December 31, 2023. The potential

addition/(reduction) in future cash outflows to which the Company is exposed in case such options are exercised or the guarantees

required are as shown in the table below:

|                                     |                |           |           |    December 31, 2024 |       |
|:------------------------------------|---------------:|----------:|----------:|---------------------:|------:|
|                                     | 1 year or less | 2-3 years | 4-5 years | Greater than 5 years | TOTAL |
| Potential extension options         |              4 |        10 |         — |                    — |    14 |
| Potential termination options       |              — |         — |         — |                   -1 |    -1 |
| Potential residual value guarantees |              8 |         9 |         6 |                    — |    23 |

|                                     |                |           |           |