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MarketLine Industry Profile
Global Materials
May 2011
Reference Code: 0199-2103
Publication Date: May 2011
WWW.MARKETLINE.COM
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Global - Materials
MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED
0199 - 2103 - 2010

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EXECUTIVE SUMMARY
Market value
The global materials industry grew by 14.1% in 2010 to reach a value of $8,384.6 billion.
Market value forecast

In 2015, the global materials industry is forecast to have a value of $11,962.5 billion, an increase of 42.7% since 2010.
Category segmentation
Chemicals
Geography segmentation
Asia-Pacific accounts for 49.3% of the global materials industry value.
Market share
ArcelorMittal is the leading player in the global materials industry, generating a 0.9% share of the industry's value.
Market rivalry
Despite the fragmented nature of the industry, large multinational organizations that are able to exploit economies of
scale and compete on price dominate the landscape.
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TABLE OF CONTENTS
Executive Summary ....................................................................................................................................................... 2
Market value............................................................................................................................................................... 2
Market value forecast ................................................................................................................................................. 2
Category segmentation .............................................................................................................................................. 2
Geography segmentation ........................................................................................................................................... 2
Market share .............................................................................................................................................................. 2
Market rivalry.............................................................................................................................................................. 2
Market Overview ............................................................................................................................................................ 7
Market definition ......................................................................................................................................................... 7
Market analysis .......................................................................................................................................................... 7
Market Data ................................................................................................................................................................... 9
Market value............................................................................................................................................................... 9
Market Segmentation ................................................................................................................................................... 10
Category segmentation ............................................................................................................................................ 10
Geography segmentation ......................................................................................................................................... 11
Market share ............................................................................................................................................................ 12
Market Outlook ............................................................................................................................................................. 13
Market value forecast ............................................................................................................................................... 13
Five Forces Analysis .................................................................................................................................................... 14
Summary .................................................................................................................................................................. 14
Buyer power ............................................................................................................................................................. 15
Supplier power ......................................................................................................................................................... 16
New entrants ............................................................................................................................................................ 17
Threat of substitutes................................................................................................................................................. 18
Degree of rivalry ....................................................................................................................................................... 19
Leading Companies ..................................................................................................................................................... 20
ArcelorMittal ............................................................................................................................................................. 20
BASF SE .................................................................................................................................................................. 23
BHP Billiton Group ................................................................................................................................................... 28
Royal Dutch Shell plc ............................................................................................................................................... 32
Appendix ...................................................................................................................................................................... 36
Methodology............................................................................................................................................................. 36
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Industry associations ................................................................................................................................................ 37

Related MarketLine research ................................................................................................................................... 37
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LIST OF TABLES
Table 1: Global materials industry value: $ billion, 200610 .......................................................................................... 9
Table 2: Global materials industry category segmentation : $ billion, 2010 .................................................................. 10
Table 3: Global materials industry geography segmentation : $ billion, 2010 .............................................................. 11
Table 4: Global materials industry share: % share, by value, 2010.............................................................................. 12
Table 5: Global materials industry value forecast: $ billion, 201015........................................................................... 13
Table 6: ArcelorMittal: key facts ................................................................................................................................... 20
Table 7: ArcelorMittal: key financials ($) ...................................................................................................................... 21
Table 8: ArcelorMittal: key financial ratios .................................................................................................................... 21
Table 9: BASF SE: key facts ........................................................................................................................................ 23
Table 10: BASF SE: key financials ($) ......................................................................................................................... 25
Table 11: BASF SE: key financials () ......................................................................................................................... 26
Table 12: BASF SE: key financial ratios ....................................................................................................................... 26
Table 13: BHP Billiton Group: key facts ....................................................................................................................... 28
Table 14: BHP Billiton Group: key financials ($) .......................................................................................................... 30
Table 15: BHP Billiton Group: key financial ratios ........................................................................................................ 30
Table 16: Royal Dutch Shell plc: key facts ................................................................................................................... 32
Table 17: Royal Dutch Shell plc: key financials ($) ...................................................................................................... 34
Table 18: Royal Dutch Shell plc: key financial ratios .................................................................................................... 34
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LIST OF FIGURES
Figure 1: Global materials industry value: $ billion, 200610 ......................................................................................... 9
Figure 2: Global materials industry category segmentation : % share, by value, 2010 ................................................ 10
Figure 3: Global materials industry geography segmentation : % share, by value, 2010 ............................................. 11
Figure 4: Global materials industry share: % share, by value, 2010 ............................................................................ 12
Figure 5: Global materials industry value forecast: $ billion, 201015 ......................................................................... 13
Figure 6: Forces driving competition in the global materials industry, 2010 ................................................................. 14
Figure 7: Drivers of buyer power in the global materials industry, 2010 ....................................................................... 15
Figure 8: Drivers of supplier power in the global materials industry, 2010 ................................................................... 16
Figure 9: Factors influencing the likelihood of new entrants in the global materials industry, 2010 ............................. 17
Figure 10: Factors influencing the threat of substitutes in the global materials industry, 2010 ..................................... 18
Figure 11: Drivers of degree of rivalry in the global materials industry, 2010 ............................................................... 19
Figure 12: ArcelorMittal: revenues & profitability .......................................................................................................... 22
Figure 13: ArcelorMittal: assets & liabilities .................................................................................................................. 22
Figure 14: BASF SE: revenues & profitability ............................................................................................................... 26
Figure 15: BASF SE: assets & liabilities ....................................................................................................................... 27
Figure 16: BHP Billiton Group: revenues & profitability ................................................................................................ 30
Figure 17: BHP Billiton Group: assets & liabilities ........................................................................................................ 31
Figure 18: Royal Dutch Shell plc: revenues & profitability ............................................................................................ 35
Figure 19: Royal Dutch Shell plc: assets & liabilities .................................................................................................... 35
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MARKET OVERVIEW
Market definition
The global materials industry group is valued as the total revenues accrued in the chemicals industry, the construction
materials market, the glass, metal & plastic packaging market, the metals and mining industry, and the paper and forest
products industry.
The global chemicals industry is deemed to be the revenues accrued by manufacturers from the production of basic
chemicals, specialty/fine chemicals, pharmaceutical products, and fertilizer and agrochemicals.
The global construction materials market consists of all manufacturers of sand, gravel, aggregates, cement, concrete
and bricks. Other finished or semi-finished building materials are classified in the building products market.
The global glass, metal & plastic packaging market includes glass packaging, metal food and beverage packaging,
rigid/semi-rigid plastic containers and flexible plastic packaging. It does not include closures (such as lids and caps),
general line containers (such as paint tins), dispensing systems, corks or any packaging machinery.
The global metals and mining industry consists of the aluminum, diversified metals and mining, gold, precious metals
and minerals and steel markets. Precious metals and minerals are not included in the industry's volume.
The global paper and forest products industry consists of the paper products and forest products markets. The paper
products market consists of production of pulp-based paper in the form of newsprint, printing & writing paper, waste
paper, and other paper and paperboard. The forest products market consists of production of chips and particles,
sawnwood, wood fuel, wood residues, industrial roundwood and wood-based panels, but excludes pulp.
All sales are valued at manufacturers selling price. Any currency conversions used in this report have been calculated
using constant annual 2010 average exchange rates.
For the purposes of this report, the global market consists of North America, South America, Western Europe, Eastern
Europe, MEA, and Asia-Pacific.
North America consists of Canada, Mexico, and the United States.
South America comprises Argentina, Brazil, Chile, Colombia, and Venezuela.
Western Europe comprises Belgium, Denmark, France, Germany, Greece, Italy, the Netherlands, Norway, Spain,
Sweden, Switzerland, Turkey, and the United Kingdom.
Eastern Europe comprises the Czech Republic, Hungary, Poland, Romania, Russia, and Ukraine.
Asia-Pacific comprises Australia, China, India, Indonesia, Japan, New Zealand, Singapore, South Korea, Taiwan, and
Thailand.
Middle East-Africa (MEA) comprises Egypt, Israel, Nigeria, Saudi Arabia, South Africa, and United Arab Emirates.
Market analysis
The materials industry is forecasted to experience a moderate acceleration in revenue growth during 2010-2015; this
comes after a sharp decrease in revenues during the recession of 10.2% in 2009.
The global materials industry had total revenues of $8,384.6 billion in 2010, representing a compound annual growth rate
(CAGR) of 7% for the period spanning 2006-2010. In comparison, the European and Asia-Pacific industries grew with
CAGRs of 1.6% and 11.9% respectively, over the same period, to reach respective values of $1,786.7 billion and
$4,136.2 billion in 2010.
Chemicals manufacturing sales proved the most lucrative for the global materials industry in 2010, with total revenues of
$3,812.1 billion, equivalent to 45.5% of the industry's overall value. In comparison, sales of metals & mining generated
revenues of $2,334 billion in 2010, equating to 27.8% of the industry's aggregate revenues.
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The performance of the industry is forecast to accelerate, with an anticipated CAGR of 7.4% for the five-year period
2010-2015, which is expected to drive the industry to a value of $11,962.5 billion by the end of 2015. Comparatively, the
European and Asia-Pacific industries will grow with CAGRs of 3.9% and 10.1% respectively, over the same period, to
reach respective values of $2,159.7 billion and $6,680.5 billion in 2015.
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MARKET DATA
Market value
The global materials industry grew by 14.1% in 2010 to reach a value of $8,384.6 billion.
The compound annual growth rate of the industry in the period 200610 was 7%.
Table 1: Global materials industry value: $ billion, 200610

Year
$ billion
billion
2006
6,408.3
4,825.9
2007
7,285.4
5,486.5
13.7%
2008
8,188.5
6,166.6
12.4%
2009
7,349.5
5,534.7
(10.2%)
2010
8,384.6
6,314.3
14.1%
CAGR: 200610
SOURCE: MARKETLINE
% Growth
7.0%
MARKETLINE
Figure 1: Global materials industry value: $ billion, 200610
SOURCE: MARKETLINE
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MARKET SEGMENTATION
Category segmentation
Chemicals
Manufacturing is the largest segment of the global materials industry, accounting for 45.5% of the industry's total value.
The metals & mining segment accounts for a further 27.8% of the industry.
Table 2: Global materials industry category segmentation : $ billion, 2010

Category
Chemicals
Manufacturing
Metals & Mining
Paper and Forest
Products
Construction
Metal Glass &
Plastic Packaging
Total
2010
3,812.1
45.5%
2,334.0
27.8%
1,283.6
15.3%
650.4
7.8%
304.6
3.6%
8,384.7
100%
SOURCE: MARKETLINE
MARKETLINE
Figure 2: Global materials industry category segmentation : % share, by value, 2010
SOURCE: MARKETLINE
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Geography segmentation
Asia-Pacific accounts for 49.3% of the global materials industry value.
Americas accounts for a further 21.9% of the global industry.
Table 3: Global materials industry geography segmentation : $ billion, 2010

Geography
2010
Asia-Pacific
4,136.2
49.3
Americas
1,838.5
21.9
Europe
1,786.7
21.3
623.2
7.4
8,384.6
100%
Rest of the World

Total
SOURCE: MARKETLINE
MARKETLINE
Figure 3: Global materials industry geography segmentation : % share, by value, 2010
SOURCE: MARKETLINE
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Market share
ArcelorMittal is the leading player in the global materials industry, generating a 0.9% share of the industry's value.
Royal Dutch Shell accounts for a further 0.5% of the industry.
Table 4: Global materials industry share: % share, by value, 2010

Company
% Share
ArcelorMittal
0.9%
Royal Dutch Shell
0.5%
BASF
0.4%
BHP Billinton
0.2%
Other
97.9%
Total
100%
SOURCE: MARKETLINE
MARKETLINE
Figure 4: Global materials industry share: % share, by value, 2010
SOURCE: MARKETLINE
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MARKET OUTLOOK
Market value forecast
In 2015, the global materials industry is forecast to have a value of $11,962.5 billion, an increase of 42.7% since 2010.
The compound annual growth rate of the industry in the period 201015 is predicted to be 7.4%.
Table 5: Global materials industry value forecast: $ billion, 201015

Year
$ billion
billion
% Growth
2010
8,384.6
6,314.3
14.1%
2011
8,996.1
6,774.8
7.3%
2012
9,550.3
7,192.1
6.2%
2013
10,300.0
7,756.6
7.8%
2014
11,089.9
8,351.5
7.7%
2015
11,962.5
9,008.7
7.9%
CAGR: 201015
SOURCE: MARKETLINE
7.4%
MARKETLINE
Figure 5: Global materials industry value forecast: $ billion, 201015
SOURCE: MARKETLINE
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FIVE FORCES ANALYSIS

The materials market will be analyzed taking manufacturers of various materials, such as: chemicals, construction
materials, paper & forest products, glass, metal & plastic packaging amongst others as players. The key buyers will be
taken as end-users (individual but mostly institutional), and raw materials and equipment providers as the key suppliers.
Summary
Figure 6: Forces driving competition in the global materials industry, 2010
SOURCE: MARKETLINE
MARKETLINE
Despite the fragmented nature of the industry, large multinational organizations that are able to exploit economies of
scale and compete on price dominate the landscape.
The global materials industry group includes the chemicals industry, the construction materials market, the containers
and packaging market, the metals and mining industry, and the paper and forest products industry. Buyers vary
depending on given market within the industry group, however their power is mostly moderate due to their sheer number
and the importance of products offered. A number of companies operating within this industry group display a high
degree of vertical integration. New companies wishing to be successful must be able to compete with the economies of
scale. There are different possibilities of substitution, depending on the application. However, buyers within some
segments of this industry group (i.e. chemical industry) often need specific products, for which there can be no
substitute.
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Buyer power
Figure 7: Drivers of buyer power in the global materials industry, 2010
SOURCE: MARKETLINE
MARKETLINE
The global materials industry includes the chemicals industry, with the largest share of total value, construction materials
market, the containers & packaging market, metals and mining industry, and the paper & forest products industry.
Products offered within this industry group have a wide range of applications. Paper, for example, can be used for
packaging, printing and sanitary purposes amongst many others. Half of the global consumption of wood is for fuel
purposes. Developed nations are also likely to use wood for industrial purposes, i.e. roundwood can be used either in its
round form (e.g. as transmission poles or piling), or as raw material to be processed into industrial products, such as
sawn wood, panel products or pulp. The chemical market players manufacture commodity chemicals, fertilizers and
agricultural chemicals, diversified chemicals, industrial gases and specialty chemicals which, together with paper and
card, plastic, metal, glass and related packaging materials are used in various markets and industries. Construction
materials are vital for construction companies, and metals have wide applications within automotive, construction,
engineering and power generation markets, amongst others. Due to the fact that products offered within this industry
group is of high importance to its buyers, and players can sell to many customers, buyer power is somewhat weakened.
In some markets, products are often supplied through long-term contracts with periodic renewal and/or price
renegotiation, which boosts switching costs and weakens buyer power further. There is a small market for individual
consumers (e.g. DIY home improvement, small printing businesses) but generally, typical buyers within the global
industry group are mainly institutional, i.e. construction companies, automotive producers, food and drinks
manufacturers, etc. Large buyers usually have stronger financial muscle and are able to make large purchases or
negotiate on price. Losing such customers could negatively impact on players revenues, boosting buyer power.
Additionally, there is very little differentiation between products of certain groups, meaning that players have to compete
heavily on price. Buyers are therefore in a stronger position, being able to seek out cheaper, more flexible deals, which
strengthens buyer power more. Overall, buyer power in the global materials industry group is assessed as moderate.
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Supplier power
Figure 8: Drivers of supplier power in the global materials industry, 2010
SOURCE: MARKETLINE
MARKETLINE
Operations within the global material industry group are largely energy intensive, thus amongst the suppliers within the
global materials industry group, there are companies providing electricity for use in industrial electrolysis and paper mills
operations etc., and large oil and gas companies providing raw materials for the chemical, construction or packaging
industries. In the majority of countries, the gas and oil markets are dominated by a small number of large, highly
vertically-integrated companies, which boosts supplier power. Key suppliers to the forest products market also include
logging companies. There are also suppliers of raw materials such as glass and paper, and they may vary in size. Their
power is usually lower due to their larger number and smaller scales of operations. It is difficult to differentiate raw
materials, and market players have a relatively wide choice of suppliers from which to choose. However, switching costs
in some markets may be high as contracts are in place in order to assure timely supplies (i.e. within the metals and
mining industry or paper and forest products industry). A number of companies operating within this industry display a
high degree of vertical integration. For example, multinational petroleum corporations, such as Total and ExxonMobil
often have chemical manufacturing activities amongst their downstream operations, which increases supplier power,
making them less dependent on single market sales. International Paper Company, for example, operates a network of
pulp, paper and packaging mills, converting and packaging plants, wood products facilities and specialty chemical plants
in the US. Supplier power is weakened somewhat by the fact that products they provide (i.e. mining equipment) is highly
specialized and it may difficult to find a market for their products outside the industry. Overall the supplier power with
respect to the global material industry is moderate.
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New entrants
Figure 9: Factors influencing the likelihood of new entrants in the global materials industry, 2010
SOURCE: MARKETLINE
MARKETLINE
Different industries and markets within the global materials industry group are generally labor and energy intensive. It
can mean high fixed costs and exit barriers. New companies wishing to be successful must be able to compete with the
economies of scale. Entry barriers also include the relatively high capital outlay and fixed costs involved in setting up and
running production plants. It is not economic to make these materials except in high volumes and local production is
often preferable in order to reduce transportation costs. To start operations within some segments of the industry,
specific knowledge (i.e. chemical/mechanical engineering) is required, and knowledge of in-house expertise may be
difficult to replicate. The level of regulatory framework differs depending on the market or industry. While the regulations
concerning paper packaging production in the majority of countries are fairly undemanding and encouraging for new
entrants, there are fairly stringent regulations concerning the chemical industry. In some parts of the world, Europe in
particular, governments regulate the production of chemicals. For example, REACH (June 2007) provides the European
Community Regulation on chemicals and their safe use. Manufacturers under this regulation are required to gather
information on the properties of their chemical substances, and to register this information in a central database. In most
industries or markets, companies are under increasing pressure to develop cleaner and more efficient technologies, and
violating environmental regulations brings financial punishments, threatening profit margins, and even causing criminal
penalties in some jurisdictions. Compliance costs raise entrance barriers further. However, new entrants are encouraged
by the fact that many products within this industry group, such as wood chip, wood fuel, chemicals, etc. exhibit a low
degree of differentiation and branding is often of negligible importance, lowering entry barriers to this industry. Overall,
the threat of new entrants into the global materials industry group is moderate.
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Threat of substitutes
Figure 10: Factors influencing the threat of substitutes in the global materials industry, 2010
SOURCE: MARKETLINE
MARKETLINE
There are different possibilities of substitution within the global materials industry group, depending on the application in
question. Plastic, metal and glass form substitutes for paper packaging and have both advantages and disadvantages for
the manufacturer who is buying packaging for their own products (weight, strength, product protection are among the
likely considerations). For applications such as printing and writing paper, there are very few viable substitutes. In the
construction industry, for example, substitutes for forest products include materials like steel, glass, stone and plastic. In
many cases, wood cannot be replaced completely; however these materials can act as partial substitutes instead.
Switching costs within this industry tend to be high. Country specific regulations are often in place, meaning that many
construction projects must be designed with particular, specified materials. There is an increasing demand for
ecological products to be used in construction, meaning that forest products are becoming increasingly popular. Many
homeowners are opting for wooden window frames for their aesthetic nature. However, construction companies are likely
to opt for more durable and cheaper substitutes, such as metal or PVC. Oil, gas and coal are alternatives to wood fuel;
however they are less environmentally friendly, producing large volumes of carbon emissions. Furthermore, oil and gas
prices are volatile and have been unpredictable over recent years. However, substituting other products within this
industry group may be too costly, time-consuming, or difficult to use in practice. Buyers within the chemicals industry
often need specific chemicals, for which there can be no substitute. Chemicals are often fundamental and where a
different yet similar substance can be used the same companies usually manufacture it. The threat of substitutes is
overall assessed as weak within the global materials industry.
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Degree of rivalry
Figure 11: Drivers of degree of rivalry in the global materials industry, 2010
SOURCE: MARKETLINE
MARKETLINE
A number of market players within the global materials industry are large, multinational companies - namely
ArcelorMittal, BASF, BHP Billiton or Shell. Such companies are likely to benefit from scale economies, which allow them
to compete more intensely on price for a given profit margin. Furthermore, there are a large number of players within the
industry, increasing rivalry. Commodities being sold by market players are often poorly differentiated, which makes it
difficult to retain buyers. High fixed costs and high exit barriers serve to further intensify rivalry between players. On the
other hand, rivalry is alleviated by the fact that players operate in a diverse range of markets; variations in the
performance of one of these markets will be easy to cope with. However, within a given product segment, players are
fairly similar to each other in size and business structure. Overall, rivalry is strong.
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LEADING COMPANIES
ArcelorMittal
Table 6: ArcelorMittal: key facts
Head office:
19 Avenue de la Liberte, L 2930 Luxembourg, LUX
Telephone:
352 4792 1
Fax:
352 4792 2675
Website:
www.arcelormittal.com
Financial year-end:
December
Ticker:
MT, MT, MT
Stock exchange:
New York, Luxembourg, Amsterdam
SOURCE: COMPANY WEBSITE
MARKETLINE
ArcelorMittal is the world's largest steel producer. It has steel-making operations in 20 countries on four continents,
including 65 integrated, mini-mill, and integrated mini-mill steel-making facilities.
The group sells its products in approximately 174 countries to customers in the automotive, appliance, engineering,
construction, and machinery industries. In FY2010, the group had steel shipments of approximately 85 million tons and
crude steel production of approximately 90.6 million tons. Approximately 36% of its steel is produced in the Americas,
approximately 53% is produced in Europe, and approximately 11% is produced in other countries, such as Kazakhstan,
South Africa, and Ukraine.
The group produces finished and semi-finished carbon steel products. Specifically, the group produces flat products
including sheets and plates; and long products including bars, rods, and structural shapes. ArcelorMittal also produces
pipes and tubes for various applications.
ArcelorMittal operates its business through five reportable operating segments: flat carbon Americas; flat carbon Europe;
long carbon Americas and Europe; Asia, Africa, and CIS (AACIS); and distribution solutions.
The flat carbon Americas segment produces slabs, hot-rolled coil, cold-rolled coil, coated steel products, and plate.
These products are sold primarily to customers in the following industries: distribution and processing, automotive, pipes
and tubes, construction, packaging, and appliances. The production facilities of this segment are located at eight
integrated and mini-mill sites located in four countries.
The flat carbon Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab.
These products are sold primarily to customers in the automotive, general industry, and packaging industries. The
production facilities of this segment are located at 15 integrated and mini-mill sites located in six countries.
The long carbon Americas and Europe segment produce sections, wire rod, rebars, billets, blooms, wire drawing, and
pipes and tubes. In long carbon Americas, the production facilities are located at 15 integrated and mini-mill sites located
in six countries, while in long carbon Europe, production facilities are located at 17 integrated and mini-mill sites in nine
countries.
The AACIS segment produces a combination of flat and long products. This segment has six flat and long production
facilities in three countries.
The distribution solutions segment of ArcelorMittal is primarily its in-house trading and distribution arm. It also provides
value-added and customized steel solutions through further steel processing to meet specific customer requirements.
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Key Metrics
The company recorded revenues of $78,025 million in the fiscal year ending December 2010, an increase of 27.9%
compared to fiscal 2009. Its net income was $3,005 million in fiscal 2010, compared to a net income of $114 million in
the preceding year.
Table 7: ArcelorMittal: key financials ($)

$ million
2006
2007
2008
2009
2010
58,870.0
105,200.0
124,936.0
61,021.0
78,025.0
6,086.0
10,368.0
9,399.0
114.0
3,005.0
112,166.0
133,625.0
133,088.0
127,697.0
130,904.0
Total liabilities
70,533.0
76,940.0
77,890.0
66,652.0
64,804.0
Employees
319,578
311,000
315,867
281,700
Revenues
Net income (loss)
Total assets
SOURCE: COMPANY FILINGS
MARKETLINE
Table 8: ArcelorMittal: key financial ratios

Ratio
2006
2007
2008
2009
2010
10.3%
9.9%
7.5%
0.2%
3.9%
Revenue growth
109.3%
78.7%
18.8%
(51.2%)
27.9%
Asset growth
231.2%
19.1%
(0.4%)
(4.1%)
2.5%
Liabilities growth
283.1%
9.1%
1.2%
(14.4%)
(2.8%)
Debt/asset ratio
62.9%
57.6%
58.5%
52.2%
49.5%
Return on assets
8.3%
8.4%
7.0%
0.1%
2.3%
Profit margin
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Figure 12: ArcelorMittal: revenues & profitability
MARKETLINE
Figure 13: ArcelorMittal: assets & liabilities
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BASF SE
Table 9: BASF SE: key facts
Head office:
Carl Bosch Strasse 38, Ludwigshafen 67056, DEU
Telephone:
49 621 600
Fax:
49 621 604 2525
Website:
http://www.basf.com
Financial year-end:
December
Ticker:
BAS, AN, BFA
Stock exchange:
Frankfurt, Swiss Exchange, London
MARKETLINE
BASF, one of the world's largest chemical companies, operates through subsidiaries in more than 80 countries. Central
to the company's operations is the Verbund structure. Verbund is BASF's approach to vertical integration, which involves
linking plants in a production Verbund to create efficient value-adding chains from basic chemicals to higher value
products. At Verbund sites, BASF uses byproducts of chemical reactions, which might otherwise have to be disposed of,
as raw materials for other processes. The company operates six Verbund sites worldwide, the largest of which is in
Ludwigshafen, as well as 380 other production sites. The company primarily operates in Europe and has its presence in
North America, Asia-Pacific, South America, Africa, and Middle East countries.
BASF operates through six business segments: oil and gas; performance products; chemicals; plastics; functional
solutions; and agricultural solutions. These six business segments contain 14 divisions that manage 72 global and
regional business units.
The oil and gas segment operates through the Wintershall Group. Wintershall and its subsidiaries are active in two
business sectors: exploration and production of crude oil and natural gas; and the trading, transport, and storage of
natural gas.
In the exploration and production of crude oil and natural gas, Wintershall concentrates on selected oil and gas-rich
regions in Europe, North Africa and the Middle East, South America, Russia, and the Caspian Sea region. Wintershall
holds a 50% stake in the Mittelplate oil field, which is located in the North Sea tidal flats and is Germany's largest known
oil deposit. Wintershall is one of the largest producers of natural gas in the southern North Sea, producing approximately
1.6 billion cubic meters annually from 26 platforms. Following the acquisition of Revus Energy, Wintershall Norge holds
more than 53 licenses in Norway and more than 20 licenses in the UK.
In Russia, BASF has a cooperation agreement with Gazprom, which serves as the economic and legal framework for
joint field development in Siberia. Wintershall has a stake of 25% less one share in Severneftegazprom, through an
asset swap with Gazprom. Severneftegazprom holds the production license to the Yuzhno Russkoye natural gas field in
Western Siberia. Wintershall holds a 35% interest in the economic rewards of the Yuzhno Russkoye natural gas field.
The company also holds a stake of 50% in the development of a section of the Achimov formation in the Urengoy field.
In the Caspian Sea region, BASF is pursuing exploration projects in Turkmenistan and Azerbaijan. In Libya, Wintershall
operates eight onshore oil fields around 1,000 kilometers southeast of Tripoli and 350 kilometers southwest of Benghazi
in the Libyan Desert. In Mauritania, BASF is active in two onshore exploration blocks. In Qatar, Wintershall holds a 41%
stake in Block 11 and 40% of the exploration rights in Block 3. The company also holds a stake in block 51 in Oman.
Wintershall has stakes in 15 fields in Argentina. In Chile, it holds a stake in the Otway Block in the Magellan Basin near
its existing facilities in Tierra del Fuego.
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BASF's natural gas trading business is operated along with Gazprom through several joint ventures in Germany and
several other European countries. WINGAS Transport operates a long distance network of more than 2,000 kilometers in
length, which connects the markets in Western Europe with the natural gas infrastructure stretching through Eastern
Europe and the Russian Federation to the gas fields in Siberia. The company operates the largest natural gas storage
facility in Western Europe at Rehden (Lower Saxony, Germany) and has a working gas volume of more than four billion
cubic meters. It also operates a gas storage facility in Haidach, Austria.
The performance products segment of BASF is organized into four divisions: dispersions and pigments; care chemicals;
paper chemicals; and performance chemicals.
The dispersions and pigments division manufactures pigments, resins, dispersions, and additives such as photoinitiators,
ultraviolet (UV) filters, and formulation additives. The division offers products for coatings and paints, adhesive, printing,
and packaging industries.
The care chemicals division caters to the consumer goods industry with products for nutrition, cleaning, personal care,
cosmetics, and hygiene. These mainly include polymers, surfactants, chelating agents, UV filters, and other specialties
used in chemical engineering industries. Animal and human nutrition and pharmaceuticals are other important business
areas within the division. The nutrition products offered include vitamins, carotenoids and enzymes. The division
provides the pharmaceutical industry with active ingredients such as caffeine and ibuprofen, as well as excipients and
customized synthesis services. In addition, it produces aroma chemicals for the flavor and fragrance industry.
The paper chemicals division focuses entirely on the business with the paper industry. Through the acquisition of Ciba,
the product range expanded to binders, functional and process chemicals, starch products, and kaolin minerals.
The performance chemicals division offers solutions for a number of downstream processing industries which include
additives for the plastics processing industry. The division also provides mining and oilfield chemicals and water
treatment chemicals. For the automotive and refinery industries, it develops brake fluids, engine coolants, fuel, and
lubricant additives, as well as processes and refinery chemicals. The division also makes chemicals for the production
and finishing of leather and textiles.
The chemicals segment produces a range of products from basic petrochemicals and inorganic chemicals to highervalue intermediates. This segment is organized into three divisions: inorganics; petrochemicals; and intermediates.
The inorganics division provides a range of basic products and specialties for use in BASF's Verbund and for its
business with third parties. The company's most important basic products are ammonia, methanol, sodium hydroxide,
and chlorine, as well as sulfuric and nitric acid. The specialty chemicals are produced for electronics and pharmaceutical
industries.
The petrochemicals division offers a range of basic chemicals such as ethylene, propylene, butadiene, and benzene. In
addition, it offers alcohols, solvents, and plasticizers for both the chemicals and plastics industries. Alkylene oxides and
glycols produced by the company are used as the starting materials for the detergents, automotive, packaging, and
textile industries. The acrylic monomers manufactured are key components in the production of coatings and cosmetics
as well as oil field, paper, and construction chemicals.
The intermediates division develops, produces, and markets a range of intermediates of all producers worldwide. Its
products include amines, diols, polyalcohols, acids, and specialties. These products serve as starting materials for
products such as coatings, plastics, pharmaceuticals, textile fibers, agricultural products, as well as detergents and
cleaners.
The plastics segment is organized into two divisions: performance polymers and polyurethanes.
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The performance polymers division is one of the world's leading suppliers of engineering plastics, polyamides, and
polyamide intermediates, foams, and specialty plastics. It offers its customers a broad portfolio of engineering plastics
based on polyamide 6 and polyamide 6.6 with the products Ultramid, Miramid, and Capron. This is complemented by
products such as Ultradur, Ultraform, and Ultrason. These products are used in a various industries, such as in
packaging for the food industry, in textiles, in automotive construction, in the electric and electronics industries, for
household appliances, and in sports and leisure products.
The polyurethanes division supplies basic products, systems, and specialties. Polyurethanes are used by the automotive
and construction industries, and by the manufacturers of shoe soles, mattresses, household appliances, and sports
equipment.
The functional solutions segment is organized into three divisions: construction chemicals; coatings; and catalysts.
The construction chemicals division provides intelligent system solutions in the construction business. BASF provides
concrete admixtures such as concrete plasticizers, deferrers, and curing agents for concrete structures. It also produces
and markets construction systems that help to protect and repair concrete structures. The division's portfolio also
includes tile adhesives, water proofing membranes, thermal-insulation systems, and sports and industrial flooring. The
coatings division provides coatings solutions for automotive and industrial applications. The catalysts division develops
catalysts and adsorbents that help protect the air, produce fuels, and efficiently manufacture a number of chemicals and
plastics. The products and systems solutions of BASF are used mainly in automobiles, chemical plants, and refineries.
The agricultural solutions segment provides agricultural products such as fungicides, insecticides, herbicides, and seed
treatments which are used in the farming industry. It also offers solutions for non-agricultural applications.
Key Metrics
compared to fiscal 2009. Its net income was $6,037 million in fiscal 2010, compared to a net income of $1,868 million in
the preceding year.
Table 10: BASF SE: key financials ($)

$ million
2006
2007
2008
2009
2010
69,693.2
76,768.5
82,535.0
67,153.7
84,613.4
4,259.0
5,385.0
3,857.6
1,867.8
6,036.7
Total assets
60,000.3
61,999.4
67,374.9
28,174.0
70,730.4
Total liabilities
35,387.1
35,375.4
42,573.7
43,311.5
48,664.7
95,247
95,175
96,924
104,779
109,140
Revenues
Net income (loss)
Employees
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Page | 25
Table 11: BASF SE: key financials ()

million
2006
2007
2008
2009
2010
52,610.0
57,951.0
62,304.0
50,693.0
63,873.0
3,215.0
4,065.0
2,912.0
1,410.0
4,557.0
Total assets
45,293.0
46,802.1
50,860.0
21,268.0
53,393.0
Total liabilities
26,713.0
26,704.2
32,138.0
32,695.0
36,736.0
Revenues
Net income (loss)
MARKETLINE
Table 12: BASF SE: key financial ratios

Ratio
Profit margin
2006
2007
2008
2009
2010
6.1%
7.0%
4.7%
2.8%
7.1%
Revenue growth
23.1%
10.2%
7.5%
(18.6%)
26.0%
Asset growth
27.0%
3.3%
8.7%
(58.2%)
151.0%
Liabilities growth
47.2%
0.0%
20.3%
1.7%
12.4%
Debt/asset ratio
59.0%
57.1%
63.2%
153.7%
68.8%
Return on assets
7.9%
8.8%
6.0%
3.9%
12.2%
$731,710
$806,604
$851,543
$640,908
$775,274
$44,715
$56,580
$39,800
$17,827
$55,312
Revenue per employee

Profit per employee
MARKETLINE
Figure 14: BASF SE: revenues & profitability
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Figure 15: BASF SE: assets & liabilities
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BHP Billiton Group

Table 13: BHP Billiton Group: key facts
Head office:
180 Lonsdale Street, Melbourne, Victoria 3000, AUS
Telephone:
61 1300 554 757
Fax:
61 3 9609 3015
Website:
http://www.bhpbilliton.com
Financial year-end:
June
Ticker:
BLT, BHP
Stock exchange:
London, Sydney
MARKETLINE
BHP Billiton Group comprises two entities: BHP Billiton Limited and BHP Billiton Plc. The two entities exist as separate
companies, but operate as a combined company known as BHP Billiton Group.
BHP Billiton is a diversified natural resources group. The group exports metallurgical coal for the steel industry, and also
energy coal. BHP Billiton is engaged in the production of iron ore, copper, nickel, manganese ore, primary aluminum,
and manganese and chrome ferroalloys. Furthermore, BHP Billiton also has substantial interests in oil, gas, liquefied
natural gas (LNG), diamonds, silver, and titanium minerals. The group has a global presence with more than 100
operations in 25 countries.
BHP Billiton operates nine customer sector groups (CSGs) aligned with the commodities that it extracts and markets.
They are base metals, petroleum, iron ore, energy coal, aluminum, stainless steel materials, metallurgical coal,
manganese, and diamonds and specialty products.
The base metals CSG produces include copper, silver, lead, uranium, and zinc. It provides copper, lead, and zinc
concentrates to smelters worldwide, and copper cathodes to rod and brass mills and casting plants. The company also
supplies uranium oxide to electricity generating utilities, primarily in Western Europe, North America, and North Asia.
BHP Billiton's key base metals assets include Escondida copper mine in northern Chile, the Cerro Colorado copper mine
in northern Chile, Spence copper mine in Chile, Antamina copper mine in Peru, the Cannington mine (with silver, lead,
and zinc ores) in Australia, Olympic Dam in South Australia, and Pinto Valley in Arizona. In FY2009, BHP Billiton
produced 1.2 million tonnes of copper.
The petroleum CSG comprises oil and natural gas exploration, production, and development in Australia, the US,
Algeria, Trinidad and Tobago, Pakistan, and the Gulf of Mexico. It also conducts an international exploration and
development program as well as marketing crude oil, condensate, liquefied petroleum gases, natural gas, and liquefied
natural gas to customers globally. BHP Billiton produced 137.19 million barrels of oil equivalent in FY2009.
The iron ore CSG is one of the leading suppliers of seaborne iron ore globally. Its operations comprise Western Australia
Iron Ore (WAIO) business and a 50% interest in the Samarco joint venture with Vale in Brazil. WAIO's operations involve
a complex integrated system of seven mines and more than 1,000 km of rail and port facilities, all located in the Pilbara
region of northern Western Australia.
BHP Billiton's energy coal CSG produces, markets, and exports thermal coal (steaming coal). The group operates three
sets of assets: a group of mines and associated infrastructure collectively known as BHP Billiton Energy Coal South
Africa (BECSA), New Mexico Coal operations in the US, and Hunter Valley Energy Coal operations in New South Wales,
Australia. BHP Billiton also owns a one-third share of the Cerrejon Coal Company, which operates a coal mine in
Colombia.
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The aluminum CSG is engaged in the production of aluminum, bauxite, and alumina. It has four aluminum smelters in
South Africa, Mozambique, and Brazil; and three alumina refineries and three bauxite mining operations in Australia,
Suriname, and Brazil. BHP Billiton is one of the largest producers of primary aluminum. In FY2009, it produced
approximately 1.2 million tonnes of aluminum, approximately 15 million tonnes of bauxite, and 4.4 million tonnes of
alumina.
The stainless steel materials CSG supplies a variety of nickel products to the global steel industry. In addition, it also
supplies nickel and cobalt to other markets including the specialty alloy, foundry, chemicals, and refractory material
industries. The segment produces nickel and cobalt at Yabulu and Nickle West in Australia and Cerro Matoso in
Columbia.
BHP Billiton metallurgical coal CSG is one of the largest global suppliers of seaborne metallurgical coal. It primarily
produces and markets hard coking coals for the global steel industry. In addition, it also supplies coal in a range of other
quality categories. The group owns production assets in two major resource basins, the Bowen Basin in Central
Queensland, Australia and the Illawarra region of New South Wales, Australia.
BHP Billiton's manganese operations produce a combination of ores, alloys, and metal from sites in South Africa and
Australia. The group owns and manages all of its manganese mining assets and alloy plants through 60-40 joint ventures
with an AngloAmerican joint venture known as Samancor Manganese. The Samancor Manganese joint venture owns
Hotazel Manganese Mines (HMM) and Metalloys, both situated in South Africa, and the Groote Eylandt Mining Company
(GEMCO) and Tasmanian Electro Metallurgical Company (TEMCO) located in Australia. In July 2009, Samancor sold
26% of HMM in a series of transactions designed to comply with South Africa's Black Economic Empowerment
requirements. The joint venture also owns 51% of the Manganese Metal Company, which operates a manganese metal
plant in South Africa.
The diamonds and specialty products CSG comprises the diamonds and titanium minerals business, and the potash
exploration and development business. The group's Ekati Diamond Mine, of which it owns 80%, is located in the
Canadian Northwest Territories and produces over 3 million carats of rough diamonds annually. It sells polished
diamonds, manufactured through contract polishing arrangements, through its CanadaMark and AURIAS brands. BHP
Billiton owns 50% of Richards Bay Minerals (RBM), a heavy mineral sands mine and smelter situated in northern
KwaZulu-Natal, South Africa. RBM is a major producer of titania slag, high purity pig iron, rutile, and zircon. It has a
titania slag project at Corridor Sands in Mozambique.
In July 2008, the group acquired the remaining 25% of interest in a joint venture with Anglo Potash formed for a large
land position in Saskatchewan, Canada. BHP Billiton currently controls 100% of the land position. The company's permit
positions for potash extend over 7,338 square km of highly prospective exploration ground within Saskatchewan and
Manitoba. It is currently undertaking a pre-feasibility study for the Jansen project in Saskatchewan.
56 2 330 5000
Key Metrics
The company recorded revenues of $50,211 million in the fiscal year ending June 2009, a decrease of 15.6% compared
to fiscal 2008. Its net income was $6,338 million in fiscal 2009, compared to a net income of $15,962 million in the
preceding year.
BHP Billiton Chile, Avenida Americo Vespucio Sur 100, 9th Floor,
Las Condes, Santiago, CHL
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Table 14: BHP Billiton Group: key financials ($)

$ million
2005
2006
2007
2008
2009
31,150.0
39,099.0
47,473.0
59,473.0
50,211.0
6,628.0
10,450.0
13,496.0
15,962.0
6,338.0
Total assets
45,077.0
51,343.0
61,404.0
76,008.0
78,770.0
Total liabilities
23,927.0
24,283.0
31,737.0
37,673.0
38,816.0
36,468
33,184
33,861
41,732
40,990
Revenues
Net income (loss)
Employees
MARKETLINE
Table 15: BHP Billiton Group: key financial ratios

Ratio
2005
2006
2007
2008
2009
Profit margin
21.3%
26.7%
28.4%
26.8%
12.6%
Revenue growth
24.9%
25.5%
21.4%
25.3%
(15.6%)
Asset growth
44.6%
13.9%
19.6%
23.8%
3.6%
Liabilities growth
55.1%
1.5%
30.7%
18.7%
3.0%
Debt/asset ratio
53.1%
47.3%
51.7%
49.6%
49.3%
Return on assets
17.4%
21.7%
23.9%
23.2%
8.2%
Revenue per employee
$854,174
$1,178,249
$1,401,996
$1,425,117
$1,224,957
Profit per employee
$181,748
$314,911
$398,571
$382,488
$154,623
MARKETLINE
Figure 16: BHP Billiton Group: revenues & profitability
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Figure 17: BHP Billiton Group: assets & liabilities
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Royal Dutch Shell plc

Table 16: Royal Dutch Shell plc: key facts
Head office:
Carel van Bylandtlaan 30, 2596 HR, The Hague NLD
Telephone:
31 70 377 9111
Fax:
31 70 377 3115
Website:
www.shell.com
Financial year-end:
December
Ticker:
RDS, RDSA
Stock exchange:
New York, London
MARKETLINE
Royal Dutch Shell is engaged in the aspects of the oil and natural gas industry worldwide. It is a holding company which
owns direct and indirect investments in a number of companies comprising the group. Shell also has interests in
chemicals, power generation, and renewable energy. The company has extensive operations in more than 90 countries
around the world.
Shell operates through two business segments: upstream and downstream.
The upstream segment explores for and recovers crude oil and natural gas around the world, along with joint venture
partners. The segment also engages in liquefying natural gas by cooling and transports it to customers. It also converts
natural gas to liquids (GTL) to provide cleaner burning fuels. The business also markets and trades natural gas and
power in support of Shell's businesses. It extracts bitumen from mined oil sands and converts it to synthetic crude oil.
Moreover, the segment also develops wind power as a means to generate electricity.
The upstream segment consists of the upstream international and upstream Americas businesses. Upstream
international manages the upstream business outside the Americas. It also manages the global LNG business and the
wind business in Europe. The upstream Americas business manages the upstream business in North and South
America. It also extracts bitumen from oil sands that is converted into synthetic crude oil. Additionally, it manages the US
based wind business.
In FY2009, the company's total hydrocarbon production totaled 3,142 thousand barrels of oil equivalent (boe) per day.
During FY2009, the company participated in 345 successful exploratory wells drilled outside proved areas. Shell added
acreage to its exploration portfolio, mainly from new licenses in Australia, Brazil, Canada, Guyana, Italy, Jordan, Norway,
and the US; and successfully bid for new exploration licenses in Egypt, South Africa, and French Guiana.
In FY2009, Shell added 4,417 million boe of proved oil and gas reserves before accounting for production, of which
3,632 million boe was from its subsidiaries and 785 million boe was associated with Shell's share of equity-accounted
investments.
The exploration and production business is supported by the exploration and production research and development
(R&D) directorate which is engaged in application of technology to enhance the cost-efficiency and performance of the
company's exploration and production activities. The directorate has two main research and development laboratories,
one in the Netherlands and another in the US. Additional technology facilities are in Oman, Qatar, Norway, Canada,
Germany, the UK, and India.
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The downstream segment manages Shell's manufacturing, distribution, and marketing activities for oil products and
chemicals. The segment comprises the downstream businesses of manufacturing which include the following: refining
and supply and distribution; marketing which includes retail, business to business (B2B), lubricants, and alternative
energies and carbon dioxide (CO2) business; Shell Trading; and Shell Global Solutions. The segment sells a range of
products, including fuels, lubricants, bitumen, and liquefied petroleum gas (LPG) for home, transport, and industrial use.
The chemicals business produces and markets petrochemicals for industrial customers. The downstream segment also
trades Shell's flow of hydrocarbons and other energy related products, supplies the downstream businesses, markets
gas and power, and provides shipping services. The segment also oversees Shell's interests in alternative energy
(excluding wind) and CO2 management.
The manufacturing portfolio of Shell includes interests in over 35 refineries, with a capacity of approximately four million
barrels of crude oil per day. The distribution network includes about 250 distribution facilities, 2,500 storage tanks, and
9,000 kilometers of pipeline in about 60 countries.
Shell is one of the largest single branded retailers with about 44,000 service stations spanning more than 80 countries.
The company sold 1.45 billion liters of fuel in FY2009. Shell Lubricants sells lubricant products to customers across the
transport sector for passenger cars, trucks, and coaches, as well as in manufacturing, mining, power generation, and
agriculture and construction industries in around 100 countries.
The B2B business of Shell sells fuels and special products and services to a broad range of commercial client base
through six separate businesses: Shell Aviation, Shell Marine Products, Shell Gas (LPG), Shell Commercial Fuels, Shell
Bitumen, and Shell Sulphur Solutions. The alternative energies and CO2 business manages the company's emerging
businesses or functions to support the development of new transport fuels until the business is integrated into Shell's
mainstream businesses. These include GTL products, biofuels, and hydrogen. Alternative energies and CO2 is also
responsible for leading energy conservation and CO2 management activities across Shell.
Shell Trading, engaged in trading and shipping activities, trades about 15 million barrels of crude oil equivalent per day.
Shell Global Solutions provides business and operational consultancy, technical services, and research and
development expertise to Shell companies and the energy and processing industries across the world. It supports the oil
products, gas and power, and chemicals businesses of Shell.
The chemicals business, a part of the company's downstream business, produces and sells petrochemicals to industrial
customers worldwide. These products are used in manufacturing plastics, coatings, and detergents; which in turn are
used in items such as fibers and textiles, thermal and electrical insulation, medical equipment and sterile supplies,
computers, vehicles, paints, and biodegradable detergents. Shell has interests in more than 30 chemical manufacturing
sites worldwide, including joint ventures.
The segment produces base chemicals such as ethylene, propylene, and aromatics; and intermediates chemicals such
as styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide, and ethylene glycol. The chemicals
portfolio of the company includes several joint ventures: Infineum, Saudi Petrochemical Company (SADAF), and Shell
Petrochemicals Company (CSPCL).
Infineum is a 50:50 joint venture between Shell and Exxon Mobil. It formulates, manufactures, and markets high-quality
additives used in fuel, lubricants, and specialty additives and components. Infineum has manufacturing centers in seven
countries: the US, Mexico, Brazil, Germany, France, Italy, and Singapore. SADAF produces base and intermediate
chemicals for international markets. It is a 50:50 joint venture between Shell and Saudi Basic Industries Corporation
(SABIC). CSPCL is a 50:50 joint venture between Shell and CNOOC Petrochemicals Investment. The company
produces a variety of petrochemicals for the Chinese market.
Shell also reports a non-operating segment, corporate, which represents the functional activities supporting the whole
group. This segment consists of the following functional activities: holdings and treasury, headquarters and central
functions, and Shell insurance operations.
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Page | 33
The corporate segment also includes insurance underwriting results and the functional and service-center costs that
have not been allocated to the other segments. In addition, it also accounts for the interest and other income of nonoperational nature, interest expense, non-trading currency exchange effects, and tax on these items.
Key Metrics
compared to fiscal 2009. Its net income was $26,476 million in fiscal 2010, compared to a net income of $12,518 million
in the preceding year.
Table 17: Royal Dutch Shell plc: key financials ($)

$ million
2006
2007
2008
2009
2010
318,845.0
355,782.0
458,361.0
278,188.0
458,361.0
25,442.0
31,331.0
26,277.0
12,518.0
26,476.0
Total assets
235,276.0
269,470.0
282,401.0
292,181.0
322,560.0
Total liabilities
129,550.0
145,510.0
155,116.0
154,046.0
172,780.0
108,000
104,000
102,000
102,000
Revenues
Net income (loss)
Employees
MARKETLINE
Table 18: Royal Dutch Shell plc: key financial ratios

Ratio
2006
2007
2008
2009
2010
Profit margin
8.0%
8.8%
5.7%
4.5%
5.8%
Revenue growth
3.9%
11.6%
28.8%
(39.3%)
64.8%
Asset growth
7.2%
14.5%
4.8%
3.5%
10.4%
Liabilities growth
6.5%
12.3%
6.6%
(0.7%)
12.2%
Debt/asset ratio
55.1%
54.0%
54.9%
52.7%
53.6%
Return on assets
11.2%
12.4%
9.5%
4.4%
8.6%
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Figure 18: Royal Dutch Shell plc: revenues & profitability
MARKETLINE
Figure 19: Royal Dutch Shell plc: assets & liabilities
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APPENDIX
Methodology
MarketLine Industry Profiles draw on extensive primary and secondary research, all aggregated, analyzed, crosschecked and presented in a consistent and accessible style.
Review of in-house databases Created using 250,000+ industry interviews and consumer surveys and supported by
analysis from industry experts using highly complex modeling & forecasting tools, MarketLines in-house databases
provide the foundation for all related industry profiles
Preparatory research We also maintain extensive in-house databases of news, analyst commentary, company
profiles and macroeconomic & demographic information, which enable our researchers to build an accurate market
overview
Definitions Market definitions are standardized to allow comparison from country to country. The parameters of each
definition are carefully reviewed at the start of the research process to ensure they match the requirements of both the
market and our clients
Extensive secondary research activities ensure we are always fully up-to-date with the latest industry events and
trends
MarketLine aggregates and analyzes a number of secondary information sources, including:
-
National/Governmental statistics
International data (official international sources)
National and International trade associations
Broker and analyst reports
Company Annual Reports
Business information libraries and databases
Modeling & forecasting tools MarketLine has developed powerful tools that allow quantitative and qualitative data to
be combined with related macroeconomic and demographic drivers to create market models and forecasts, which can
then be refined according to specific competitive, regulatory and demand-related factors
Continuous quality control ensures that our processes and profiles remain focused, accurate and up-to-date
Global - Materials
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Industry associations
International Wood Products Association
4214 King Street, West Alexandria, Virginia 22302, United States
Tel.: 001 703 820 6696
Fax: 001 703 820 8550
http://www.iwpawood.org/
American Forest & Paper Association

1111 Nineteenth Street, NW, Suite 800, Washington, DC 20036
Tel.: 00 1 800 878 8878
Fax: 1 202 463 2700
http://www.afandpa.org
Pulp & Paper Products Council

Tel.: 00 1 514 861 8849
Fax: 001 514 866 4863
http://www.pppc.org/en/1_0/index.html
The International Council of Chemical Associations

ICCA c/o Cefic, Avenue E Van Nieuwenhuyse 4, box 1, B-1160 Brussels, Belgium
Tel.: 0032 2 676 74 15
http://www.icca-chem.org
European Aluminium Association

Av. de Broqueville 12, B-1150 Brussels, Belgium
Tel.: 00322 775 63 63
Fax: 00322 779 05 31
http://www.eaa.net/
Related MarketLine research

Industry Profile
Global Paper Products
Global Forest Products
Global Chemicals
Global Base Metals
Global Precious Metals & Minerals
Global - Materials
0199 - 2103 - 2010

Page | 37
MarketLine | John Carpenter House, John Carpenter Street |

London, United Kingdom, EC4Y 0AN
T: +44(0)203 377 3042, F: +44 (0) 870 134 4371
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A Progressive Digital Media business

MarketLine Industry Profile

Publication Date: May 2011

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Market value forecast

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Industry associations ................................................................................................................................................ 37

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Table 1: Global materials industry value: $ billion, 200610

Figure 1: Global materials industry value: $ billion, 200610

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Table 2: Global materials industry category segmentation : $ billion, 2010

Figure 2: Global materials industry category segmentation : % share, by value, 2010

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Table 3: Global materials industry geography segmentation : $ billion, 2010

Rest of the World

Figure 3: Global materials industry geography segmentation : % share, by value, 2010

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Table 4: Global materials industry share: % share, by value, 2010

Royal Dutch Shell

Figure 4: Global materials industry share: % share, by value, 2010

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Table 5: Global materials industry value forecast: $ billion, 201015

Figure 5: Global materials industry value forecast: $ billion, 201015

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FIVE FORCES ANALYSIS

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19 Avenue de la Liberte, L 2930 Luxembourg, LUX

352 4792 2675

New York, Luxembourg, Amsterdam

SOURCE: COMPANY WEBSITE

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Table 7: ArcelorMittal: key financials ($)

SOURCE: COMPANY FILINGS

Table 8: ArcelorMittal: key financial ratios

SOURCE: COMPANY FILINGS

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Figure 12: ArcelorMittal: revenues & profitability

SOURCE: COMPANY FILINGS

Figure 13: ArcelorMittal: assets & liabilities

SOURCE: COMPANY FILINGS

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Carl Bosch Strasse 38, Ludwigshafen 67056, DEU

49 621 604 2525

BAS, AN, BFA

Frankfurt, Swiss Exchange, London

SOURCE: COMPANY WEBSITE

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Table 10: BASF SE: key financials ($)

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Table 11: BASF SE: key financials ()