Jindal Steel Limited · NSE:JINDALSTEL
Jindal Steel — Jindal Steel & Power — Q3 FY2025 Earnings Presentation
32 slides from Jindal Steel's earnings presentation, Jan 30, 2025
Slide 1: Regulation 30 intimation cover letter
JINDAY STEEL & POWER January 30, 2025 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai- 400
Slide 2: Q3FY25 Earnings Presentation
Jindal Steel & Power Q3FY25 Earnings Presentation 30th January 2025
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation may contain certain forward looking statements concerning steel sector, economy and JSP’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those
Slide 4: Building a nation of our dreams
Building a nation of our dreams OVER 3 DECADES OF EXCELLENCE JSP is focused towards building world-class capabilities to make India self-reliant and a global economic powerhouse
Slide 5: Agenda
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q3FY25 Results Project Update
Slide 6: JSP at a Glance
JSP at a Glance Growth Scaling up world-class, Innovative, value-added products High performance, integrated steel production to support India’s infrastructure customer-centric culture Focussed capacity creation Strong Net Debt/EBITDA at 1.4x Expansion program to boost Targeting Net Debt / EBITDA FC
Slide 7: Company Snapshot: Integrated Value Chain
Integrated Value Chain World-class assets – On the cusp of transformative expansion Mining Iron Making Liquid Steel Finished Steel 10.42 MTPA 16.82 MTPA 9.6 MTPA 15.9 MTPA 7.25 MTPA 13.75 MTPA Company Snapshot Iron-ore: Coal: Plate Mill 2.5 MTPA 3.0 MTPA Direct Reduce Iron (DRI) Steel Melting Shop (
Slide 8: Macro and Sectoral Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q3FY25 Results Project Update
Slide 9: India continues to be the spotlight of global steel growth
India continues to be the spotlight of global steel growth World China India 900 0% 160 20% 1780 2% -1% 1% 890 150 15% -1% 15% Macro and Sectoral Update 1770 1% 880 140 870 -2% 130 8% 8% 10% 1760 0% -1% -1% -3% 860 -3% 120 1,767 1,751 1,772 1750 -1% -3% 5% 850 110 143 156 133 896 869 860 1740 -2% 84
Slide 10: China steel exports near all-time high
China steel exports 1.3mt short of all time high exports, next to CY15; economy remains weak Crude Steel Production Steel Demand (Apparent Steel Consumption) 1,100 8% 9% 1,100 9% 12% 7% 8% 9% 6% 1,000 6% 1,000 8% Macro and Sectoral Update 4% 900 3% 900 4% 0% -2% -1% 0% 1% -2% -3% 800 -1% 0% 800 -3%
Slide 11: India steel demand driven by government capex
India Steel demand has increased progressively driven by government capex Crude Steel Production Finished Steel Consumption Crude Steel Capacity and Utilisation % 150 20% 150 20% 180 85% 16% Macro and Sectoral Update 13% 15% 13% 14% 15% 80% 130 130 11% 160 79% 80% 9% 78% 78% 8% 10% 9% 8% 10% 77% 110
Slide 12: India Steel Scenario – Q3FY25
India Steel Scenario – Q3FY25 Crude Steel Production (mt) Finished Steel Consumption (mt) India remains net importer in 9M FY25 ▪ Crude Steel production grew 6% QoQ during +4% +11% Q3FY25 to 38.4 mt and 4% YoY during 106.7 111.1 111.0 9MFY25 to 111.1 mt driven by higher Macro and Sectoral Update 100
Slide 13: Key Steel and RM Prices Trend
Key Steel and RM Prices Trend India HRC vs Rebar Domestic Pellet prices (Barbil) ▪ Domestic HRC prices Fig in `/tonnes Fig in `/tonnes 10,000 continued to trend down 65,000 during the quarter driven Macro and Sectoral Update 60,000 9,000 by higher imports. Imports, thought have 55,000 8,000 started
Slide 14: Business Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q3FY25 Results Project Update
Slide 15: Sector wise & Value-added Sales
Sector wise & Value-added Sales Supporting the “Make in India” initiative Sector wise Sales distribution Value added Sales, 000'tonnes Business Update 4% 3% 4% 13% 15% 11% 1035 975 973 11% 12% 10% 31% 62% 60% 33% 31% 56% 40% 40% 43% Q3FY24 Q2FY25 Q3FY25 Q3FY24 Q2FY25 Q3FY25 Infrastructure Distributi
Slide 16: Retail Segment Performance
Retail Segment Performance Increasing customer reach through diversified distribution channels TMT Sales Distribution, in ‘000 tonnes Dealers Count Influencer Count Business Update 603 1,450 1,100 510 60% 416 49% 41,500 46% 36,500 3,250 3,250 3,250 40% 51% 54% 9,500 9,500 9,500 Q3FY24 Q2FY25 Q3FY25
Slide 17: Social Initiatives
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q3FY25 Results Project Update
Slide 18: Empowering our Communities – Key achievements
Empowering our Communities – Key achievements Social Initiatives HEALTH & NUTRITION EDUCATION Kishori Express: Reduced anaemia among17,799 adolescent girls O.P. Jindal Global University ranks no. 1 in QS World Rank, enrolling 12,500+ contributing to 8.03 lakh total beneficiaries. students yearly. PM
Slide 19: Empowering our Communities – Key achievements
Empowering our Communities – Key achievements Social Initiatives ENVIRONMENT AND AGRICULTURE SPORTS Watershed: Integrated Watershed Plus program in Angul, with NABARD, 535 Wushu, 50 archery, 184 football, and 100 hockey players trained for state, benefited 5,500 farmers by reducing soil erosion and
Slide 20: Awards & Recognitions
Awards & Recognitions • International Woman of the Year Award 2023 to Smt. Shallu Jindal, Chairperson Jindal Foundation, by D' Tribes Chicago, USA • Global CSR Award 2024” by GEEF for CSR Management Social Initiatives Company of the Year 2024 Category”. • National CSR Award’2022, by MoCA, GoI for o
Slide 21: Q3FY25 Results
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q3FY25 Results Project Update
Slide 22: Q3FY25 Highlights – Consolidated
Q3FY25 Highlights – Consolidated Gross revenue* Adjusted EBITDA# Adj. EBITDA per ton PAT Q3FY25 Q3FY25 Q3FY25 Q3FY25 Q3FY25 Result ₹13,707 Cr ₹2,133 Cr ₹11,209 ₹951 Cr Q2FY25 - ₹13,025 Cr Q2FY25 - ₹2,124 Cr Q2FY25 - ₹11,467 Q2FY25 - ₹860 Cr Q3FY24 - ₹13,698 Cr Q3FY24 - ₹2,802 Cr Q3FY24 - ₹15,472 Q3F
Slide 23: Net Debt and EBITDA bridge
Net Debt and EBITDA bridge Consolidated Net Debt Movement (QoQ) (INR Cr) -864 13,551 12,464 2,249 Q3FY25 Result -298 As at 30th Sep’24 Debt Repayment New Debt Raised Change in Cash & Cash Eq. As at 31st Dec’24 Capital Acceptances of INR 701 Crs as at Q3 FY25 and INR 688 cr at Q2 FY25 not included ab
Slide 24: Strengthening Fundamentals to Drive Sustainable Growth
Q3FY25 Result FY19 39,137 FY20 35,918 FY21 22,146 Net Debt (INR Cr) FY22 8,876 FY23 6,953 -65% FY24 11,203 Consolidated Performance Q1FY25 10,462 Q2FY25 12,464 Q3FY25 13,551 FY19 4.65 FY20 4.56 FY21 1.53 FY22 0.57 Net Debt/EBITDA (x) FY23 0.70 -70% FY24 1.10 Strengthening Fundamentals to Drive Susta
Slide 25: Financial Performance – Consolidated
Financial Performance – Consolidated INR Crore Quarterly Performance Nine Month Performance Q3FY25 Result Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24 Gross Revenue* 13,707 13,025 13,698 42,519 42,366 Net Revenue 11,777 11,248 11,736 36,678 36,662 Adjusted EBITDA** 2,133 2,124 2,802 7,088 7,719 De
Slide 26: Financial Performance – Standalone
Financial Performance – Standalone INR Crore Quarterly Performance Nine Month Performance Q3FY25 Result Particulars Q3FY25 Q2FY25 Q3FY24 9MFY25 9MFY24 Gross Revenue* 13,395 13,433 13,485 41,758 41,658 Net Revenue 11,452 11,529 11,545 35,846 35,978 Adjusted EBITDA** 2,027 1,916 2,715 6,636 7,623 Depr
Slide 27: Project Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q3FY25 Results Project Update
Slide 28: Proposed Capex Framework from FY26 to FY28
Proposed Capex Framework from FY26 to FY28 Crude Steel Capacity (MTPA) Amt in Raigarh Particulars 15.9 INR Crs Project Update Angul Existing Angul Expansion Capex Carried Forward 7,388 13.5 6.3 Enhancement of projects 5,720 3.9 9.6 9.6 Integrated Supply Chain Projects 4,500 Sustenance Capex 2,900 6.
Slide 29: Project Status Update: Blast Furnace, BOF
Project Status Update Blast Furnace BOF Project Update Recent Photographs 28
Slide 30: Project Status Update: Slurry Pipeline, RMHS
Project Status Update Slurry Pipeline RMHS Project Update Recent Photographs 29
Slide 31: Project Status Update: ACPP2, CRM
Project Status Update ACPP2 CRM Project Update Recent Photographs 30
Slide 32: Thank you
Thank you JINDAL STEEL & POWER
Jindal Steel & Power — Q3 FY2025 Earnings Presentation on 6ix