Jindal Steel Limited · NSE:JINDALSTEL
Jindal Steel — Jindal Steel & Power — Q4 FY2024 Earnings Presentation
37 slides from Jindal Steel's earnings presentation, May 13, 2024
Slide 1: Exchange filing cover letter
JINDA.~ STEEL & POWER May 13, 2024 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
Slide 2: Jindal Steel & Power Q4FY24 & FY24 Earnings Presentation
JINDA: ,,,I STEEL & POWER Jindal Steel & Power Q4FY24 & FY24 Earnings Presentation 13th May 2024
Slide 3: Safe Harbour Statement
JINDAL-,,;/ Safe Harbour Statement STEEL & POWER 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 mat
Slide 4: Building a nation of our dreams
Building a JINDAL" ; / STEEL & POWER 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: Company Snapshot, Macro and Sectoral Update, Business Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q4FY24 Results Project Update
Slide 6: JSP at a Glance
JSP at a Glance JINDAL STEEL & POWER 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 1.10x Expansion program to boost Targetin
Slide 7: Company Snapshot
Integrated Value Chain JINDAL" ; / World-class Assets STEEL & POWER 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 (SMS) Tensa
Slide 8: Macro and Sectoral Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q4FY24 Results Project Update
Slide 9: India continues to drive global steel demand in CY24
India continues to drive global steel demand in CY24 World China India 1850 2% 2% 900 0% 0% 160 20% 1% -1% 150 15% 1% 890 -1% 15% Macro and Sectoral Update 1800 140 880 8% 8% 0% -3% -2% 130 10% -1% 870 1750 120 -1% 1763 1793 1815 -3% 5% 156 133 144 860 110 896 896 887 1700 -2% 100 0% 850 -4% CY23 CY
Slide 10: China steel exports elevated at 7-year high on low domestic demand
China steel exports elevated at 7-year high on low domestic demand Crude Steel Production Steel Demand (Apparent Steel Consumption) 1100 8% 7% 9% 1100 9% 12% 8% 8% 1000 6% 1000 8% 1111 6% Macro and Sectoral Update 4% 900 900 4% 1% ■- 3% 800 -1% 800 -2% 0% 0% -2% -2% 0% -1% -4% -3% -2% -3% rt. -1% 0%
Slide 11: India steel demand grew at 1.8x of est. real GDP growth in FY24
India steel demand grew at 1.8x of est. real GDP growth in FY24 Crude Steel Production Finished Steel Consumption Crude Steel Capacity and Utilisation % 160 20% 160 13% 14% 15% 200.00 85% 16% - 11% 180.00 - ■ Macro and Sectoral Update 140 140 13% 15% 9% 10% 160.00 80% 8% 120 100 80 5% 8% I 6% 10% 5%
Slide 12: India Steel Scenario
JINDAL" ; / India Steel Scenario STEEL & POWER ▪ Crude Steel production grew 9% YoY Crude Steel Production Finished Steel Consumption during Q4FY24 to 37.3mt and 13% Fig in Million Tonnes +13% Fig in Million Tonnes +14% YoY during FY24 to 144mt Macro and Sectoral Update 144.0 136.3 ▪ Finished steel
Slide 13: Key Steel and RM Prices Trend
JINDAL" ; / Key Steel and RM Prices Trend STEEL & POWER India HRC vs Rebar Domestic Pellet prices (Barbil) Fig in `/tonnes Fig in `/tonnes 78,800 14000 ▪ Indian Steel Prices 80,000 Macro and Sectoral Update 11600 declined in Q4FY24 12000 70,000 74,000 ▪ HRC premium over TMT 10000 turned negative in
Slide 14: Business Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q4FY24 Results Project Update
Slide 15: Focused Capacity Expansion
Focused Capacity Expansion JINDAL" ; / Scaling-up for Market Leadership STEEL & POWER Growth Capex Breakup (INR Cr) Share of Capex Categories 31,000 --------------- - Coal Mines 3,000 ACPP-II Business Update 1,800 5% 23,200 3,000 10% - - - -------------- Existing Capex New Projects* JSO Angul 10% 75
Slide 16: Sector wise & Value Added Sales
JINDAL"'f,11 Sector wise & Value Added Sales STEEL & POWER Customer Segments FY 24 % Share of Value added Sales Business Update 63% 64% 60% 33% ■ Infra 39% ■ Building & Const. ■ Engg & Packaging ■ Automotive 4% ■ Distribution 11% 13% FY 22 FY 23 FY 24 ▪ Growth of 9 % in Construction & Infrastructure
Slide 17: Strategic Value Integration for Retail Triumph
Strategic Value Integration for Retail Triumph JINDAL" ; / STEEL & POWER Growth In Retail Rebar Sales Retail Transformation Strategies ▪ 115 % growth in Rebar Retail Sales Panther Connect: Loyalty Program Business Update over FY 23 Expansion of Loyalty programs PAN India Unique reward program for Ji
Slide 18: Social Initiatives
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q4FY24 Results Project Update
Slide 19: Awards & Recognitions
Awards & Recognitions JINDA f ' / STEEL & POWER ▪ National CSR Award, by Ministry of Corporate Affairs, GoI (announced in Aug 22) ▪ CSR in Aspirational Districts/Difficult Terrains in Eastern India ▪ Contribution in National Priority Areas and support to differently-abled ▪ Golden Peacock CSR Award
Slide 20: Empowering our Communities
Empowering our Communities JINDAL,,,,, STEEL & POWER IN0111 i ~ I ..- - Social Initiatives HEALTH & NUTRITION EDUCATION SKILL EDUCATION VATSALYA aims to reduce Infant Mortality Rate and Maternal Mortality Rate. Benefitted 22253 women and infants in Q4 and YASHASVI aims to educate young women and gir
Slide 21: Empowering our Communities
Empowering our Communities JINDAL,,,,, STEEL & POWER Social Initiatives ART AND CULTURE SOCIAL INCLUSION ENVIRONMENT AND AGRICULTURE JINDAL PRAYAS CENTRE OF EXCELLENCE provides state-of-art facilities • 72 ft Monumental Flag of India was installed at Raigarh JINDAL VET SEVA Jindal Vet Seva, the Mobi
Slide 22: Q4FY24 Results
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q4FY24 Results Project Update
Slide 23: Q4FY24 Highlights - Consolidated
JINDA~ Q4FY24 Highlights - Consolidated STEEL & POWER Q4FY24 Result Gross revenue* Adjusted EBITDA# Adj. EBITDA per ton PAT ₹15,749 Cr ₹2,512 Cr ₹12,496 ₹933 Cr Q3FY24 - ₹13,698 Cr Q3FY24 - ₹2,802 Cr Q3FY24 - ₹15,472 Cr Q3FY24 - ₹1,928 Cr Q4FY23 - ₹15,797 Cr Q4FY23 - ₹2,240 Cr Q4FY23 - ₹11,035 Cr Q4
Slide 24: FY24 Highlights - Consolidated
JINDA~ FY24 Highlights - Consolidated STEEL & POWER Q4FY24 Result Gross revenue* Adjusted EBITDA# Adj. EBITDA per ton PAT ₹58,115 Cr ₹10,231 Cr ₹13,336 ₹5,943 Cr FY23 - ₹60,562 Cr FY23 - ₹9,700 Cr FY23 - ₹12,629 FY23 - ₹3,193 Cr Steel Production Steel Sales Net Debt Net Debt to EBITDA 31st Mar’24 (T
Slide 25: Net Debt and EBITDA bridge (QoQ)
JINDAL" ; / Net Debt and EBITDA bridge STEEL & POWER Consolidated Net Debt Movement (QoQ) (INR Cr) Q4FY24 Result -1,254 11,203 --------------------------. - - - - - - - 9,115 5,272 -1,930 As at 31st Dec’23 Debt Repayment New Debt Raised Change in Cash & Cash Eq. As at 31st March’24 Consolidated Adju
Slide 26: Net Debt and EBITDA bridge (YoY)
JINDAL" ; / Net Debt and EBITDA bridge STEEL & POWER Consolidated Net Debt Movement (YoY) (INR Cr) Q4FY24 Result 11,203 ------------------------- 788 -------------------------- - . - - - - - 6,953 8,446 -4,984 As at 31st March’23 Debt Repayment New Debt Raised Change in Cash & Cash Eq. As at 31st Ma
Slide 27: Strong Balance Sheet
Strong Balance Sheet JINDAL" ; / Strengthening Fundamentals to Drive Sustainable Growth STEEL & POWER Q4FY24 Result Consolidated Performance Net Debt (INR Cr) Net Debt/EBITDA (x) Debt/Equity (x) -71% -76% -71% 4.65 4.56 39,137 1.23 1.15 35,918 0.92 22,146 1.53 11,203 1.10 0.35 0.32 0.36 0.29 0.31 0.
Slide 28: Financial Performance - Consolidated
JINDAL" ; / Financial Performance - Consolidated STEEL & POWER Q4FY24 Result INR Crore Quarterly Performance Annual Performance Particulars Q4FY24 Q3FY24 Q4FY23 FY24 FY23 Gross Revenue* 15,749 13,698 15,797 58,115 60,562 Net Revenue 13,521 11,736 13,708 50,183 52,768 Adjusted EBITDA** 2,512 2,802 2,
Slide 29: Financial Performance - Standalone
JINDAL" ; / Financial Performance - Standalone STEEL & POWER Q4FY24 Result INR Crore Quarterly Performance Annual Performance Particulars Q4FY24 Q3FY24 Q4FY23 FY24 FY23 Gross Revenue* 15,847 13,485 15,490 57,504 59,019 Net Revenue 13,788 11,545 13,403 49,766 51,229 Adjusted EBITDA** 2,501 2,715 2,17
Slide 30: Project Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q4FY24 Results Project Update
Slide 31: Doubling Capacity at Angul by FY25: Project Completion Status
Focused Capacity Expansion JINDAL" ; / Doubling Capacity at Angul by FY25: Project Completion Status STEEL & POWER Projects Capacity Indicative Timeline Civil Mechanical Electrical Project Status Update Pellet Plant – I 6 MTPA Commissioned HSM 6 MTPA Commissioned Slurry Pipeline 18 MTPA Q1FY25 Pelle
Slide 32: Project Status Update: Blast Furnace, Basic Oxygen Furnace
Focused Capacity Expansion JINDAL" ; / Project Status Update STEEL & POWER Blast Furnace Basic Oxygen Furnace Project Status Update 31
Slide 33: Project Status Update: Slurry Pipeline, Utkal C Coal Mines
Focused Capacity Expansion JINDAL" ; / Project Status Update STEEL & POWER Slurry Pipeline Utkal C Coal Mines Project Status Update 32
Slide 34: Project Status Update: Coke Oven Battery, Lime Dolo Plant
Focused Capacity Expansion JINDAL" ; / Project Status Update STEEL & POWER Coke Oven Battery Lime Dolo Plant Project Status Update 33
Slide 35: Project Status Update: Slab Caster, Cold Roll Mill
Focused Capacity Expansion JINDAL" ; / Project Status Update STEEL & POWER Slab Caster Cold Roll Mill Project Status Update 34
Slide 36: Project Status Update: RMHS, ACPP-2
Focused Capacity Expansion JINDAL" ; / Project Status Update STEEL & POWER RMHS ACPP-2 Project Status Update 35
Slide 37: Thank you
JINDAL" ; / STEEL & POWER Thank you
Jindal Steel & Power — Q4 FY2024 Earnings Presentation on 6ix