Jindal Steel Limited · NSE:JINDALSTEL
Jindal Steel — Jindal Steel & Power — Q1 FY2022 Earnings Presentation
27 slides from Jindal Steel's earnings presentation, Aug 10, 2021
Slide 1: Exchange intimation letter under Regulation 30(6)
August 10, 2021 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 – 400 001 Mumbai-400051 cor
Slide 2: Q1 FY'22 Industry Update & Key Performance Highlights
Q1 FY’22 Industry Update & Key Performance Highlights 10th August, 2021
Slide 3: Forward looking statements disclaimer
This presentation may contain certain forward looking statements concerning Steel & power sector , Economy and JSPL’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 in such forwa
Slide 4: Q1 FY'22 Highlights
Q1 FY’22 HIGHLIGHTS NEXT GROWTH INDUSTRY UPDATE COMPANY UPDATE PHASE
Slide 5: Historical Revenue & EBITDA
HISTORICAL REVENUE & EBITDA NET REVENUES (INR Crs) Standalone Consolidated 39,388 38,989 30,465 27,844 22,706 33,308 18,350 19,943 20,070 19,626 18,632 27,730 26,228 15,502 17,523 13,518 15,114 14,691 13,687 12,852 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20(Ex- FY21(Ex- Oman) Oman) EBITDA
Slide 6: Industry Update
Q1 FY’22 INDUSTRY NEXT GROWTH HIGHLIGHTS UPDATE COMPANY UPDATE PHASE
Slide 7: Fundamentals for Global Steel Industry Remain Solid
Fundamentals for Global Steel Industry Remain Solid Healthy Steel Demand 1. Driven by Government Stimulus 2. Chinese government’s policy to cap CY 2021 steel production below CY 2020 should keep a lid on supply 3. Export rebate’s have been eliminated and additional tariffs on Chinese exports are lik
Slide 8: India Steel Demand Outlook Bright
India Steel Demand Outlook bright Indian GDP Growth rate is projected to robust Indian Finished Steel consumption was strong YoY growth in FY 22 in 1QFY22; lower QoQ due to second wave of COVID Economic recovery due to ramp up in vaccination ; further supported by In Million MT Government Stimulus m
Slide 9: Q1 FY'22 Company Update
Q1 FY’22 NEXT GROWTH HIGHLIGHTS INDUSTRY UPDATE COMPANY UPDATE PHASE
Slide 10: Business Segments
BUSINESS SEGMENTS STEEL POWER GLOBAL VENTURES Current Capacities – Domestic & Global 8.6 MTPA Steel CPP – 1634 MW Coal & Iron Ore 3.11 MTPA Iron ore Mines 9 MTPA Pellet Plant
Slide 11: Steel Capacities Across Life Cycle
STEEL CAPACITIES ACROSS LIFE CYCLE IRON MAKING LIQUID STEEL FINISHED STEEL (8.45 MTPA) (8.60 MTPA) (6.55 MTPA) WRM 0.60 MTPA DRI 3.12 MTPAin deail Capacity (Wire Rod Mill) (Direct Reduced Iron) Rail Mill 0.75 MTPA SMS 8.60 MTPA (Steel Melting Shop) BSM 0.60 MTPA (Beam & Structure Mill) BF 5.33 MTPA
Slide 12: Detailed Plant Wise Capacities
DETAILED PLANT WISE CAPACITIES Raigarh Angul Barbil Patratu Mining (Chhattisgarh) (Odisha) (Odisha) (Jharkhand) CGP 225,000 BF 2.125 MTPA Nm3/Hr DRI 1.32 MTPA BF 3.2 MTPA WRM Capacity in deail 0.60 SMS 3.6MTPA DRI 1.8 MTPA MTPA Plate Mill 1.00 SMS 2.5 MTPA Pellet Plant Iron Ore MTPA SMS 2.5 MTPA 9 M
Slide 13: JSPL Standalone Key Financials
JSPL STANDALONE KEY FINANCIALS (INR Crores) Q4 FY 21 Q1 FY 22 PARAMETER Q1 FY 22 Q1 FY 21 11,737 11,473 Gross Revenue* 11,473 6,741 10,430 10,385 Net Revenue 10,385 6,281 4,884 4,524 EBITDA 4,524 1,828 548 556 Depreciation + Amortization 556 562 500 444 Interest 444 604 4,489 3,554 PBT 3,554 663 3,4
Slide 14: Operational Performance: Steel Production & Sales
OPERATIONAL PERFORMANCE Steel Production & Sales* 2.07 2.01 1.93 1.93 1.91 1.87 1.84 1.67 1.67 1.61 1.61 1.57 1.57 1.58 1.54 1.56 1.52 1.51 1.48 1.40 1.34 1.36 1.33 1.32 1.30 1.27 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Sales Production (*Incl .Pig
Slide 15: Key Customers & Adding...
SIMPLEX ARASTALCTURES 7D aise seaece ® LARSEN & TOUBRO x= vedanta treat about mnagineeing SC vrerent (Q) NALCO A Navratna Company KEY CUSTOMERS & ADDING... IndianOil UReHRRE-LeA9 ‘SFOD Bes Pru Sie eye i BAND & Menai Indiabulls Indiabulls Power Limited npn” STEEL & POWER @ ar ReviANce IMMA seeruurade
Slide 16: Summary of International Operations
SUMMARY OF INTERNATIONAL OPERATIONS MOZAMBIQUE, AFRICA 5 MTPA coal mine in Mozambique’s coal-rich Moatize region SOUTH AFRICA, AFRICA AUSTRALIA JSPL’s Kiepersol Colliery produces Anthracite coal, Wollongong Coal Ltd which sold domestically and internationally. comprises of two coking coal mine
Slide 17: Holding Structure for Global Operations
HOLDING STRUCTURE FOR GLOBAL OPERATIONS Jindal Steel & Power Ltd Listed Operating Entity in India Jindal Steel & Power (Mauritius) Ltd Holding company for overseas business Australia South Africa Mozambique Coking Coal Anthracite Coal Thermal/ Coking Coal
Slide 18: JSPL Consolidated Key Financials
JSPL CONSOLIDATED KEY FINANCIALS (INR Crores) Q4 FY 21 Q1 FY 22 PARAMETER Q1 FY 22 Q1 FY 21 11,901 11,698 Gross Revenue* 11,698 6,978 10,594 10,610 Net Revenue 10,610 6,518 4,964 4,539 EBITDA 4,539 1,810 588 602 Depreciation + Amortization 602 606 576 561 Interest 561 834 3,789 3,410 PBT 3,410 371 2
Slide 19: Next Growth Phase
NEXT GROWTH HIGHLIGHTS INDUSTRY UPDATE COMPANY UPDATE PHASE
Slide 20: JSPL: Strategic Growth Framework
JSPL : Strategic Growth Framework STEEL FOCUS SUSTAINABLE Incremental Capex GROWTH to be spent on core Sustainability of Steel Business operations remains at the heart of all project considerations HIGH RETURN ON EQUITY Strong Free Cash Flow Generation & Faster payback
Slide 21: Capacity Expansion
Capacity Ramp up plan : Steel & Pellets Planned Expansion : Steel capacity up 66% and Pellet by 133% Raigarh Angul Phase I Angul wo Capex (CTO) Angul Phase II 15.9 Crude Steel Capacity (MTPA) Angul Phase II Steel capacity (MTPA) Angul Phase II (3 MTPA EAF) (3.3 MTPA BOF) 12.9 Angul CTO (1MTPA) 6.3 9
Slide 22: Angul Phase II: Capex Plan
ANGUL PHASE II : CAPEX PLAN Expansion Capex Capex Breakup Margin Expansion, 4,700 37% 4,300 4,100 Approx. INR 18,000 2,500 Crores 2,400 Volume Expansion, 63% FY22[P] FY23[P] FY24[P] FY25[P] FY26[P] & FY27[P]
Slide 23: Angul Phase-II: Major Projects Timeline
ANGUL PHASE-II : MAJOR PROJECTS TIMELINE Projected FY24 & Expected Indicated Projects Capex FY22 FY23 (INR Cr) Onwards Commissioning Pellet Plant#1: 6MTPA Sept’22 Margin Expansion Pellet Plant#2: 6MTPA Sept’23 Projects 6,600 Slurry Pipeline Sept’23 HSM Phase#1: 3MTPA Feb’23 HSM Phase #2 Sept’23 Expa
Slide 24: Odisha
ODISHA INTEGRATED STEEL PLANT, ANGUL PELLET PLANT, BARBIL
Slide 25: Chhattisgarh & Jharkhand
CHHATTISGARH & JHARKHAND INTEGRATED STEEL PLANT,RAIGARH STEEL FABRICATION PLANT, PUNJIPATRA HEAVY MACHINERY DIVISION, RAIPUR WRM & BRM, PATRATU ,JHARKHAND
Slide 26: Investor Relations contacts
For any information please contact: - Mr. Nishant Baranwal – Head, Investor Relations Tel : +91 11-41462198 Email: - nishant.baranwal@jindalsteel.com Mr. Rajesh Lachhani –GM, Investor Relations Tel: +91-124-6612036 Mobile: +91 9742947821 Email: rajesh.lachhani@jindalsteel.com Mr. Gourav Sancheti– DM
Slide 27: Thank You!
To the Taskforce guarding INDIA against the Corona Virus Pandemic Thank You !
Jindal Steel & Power — Q1 FY2022 Earnings Presentation on 6ix