Scan Steels Ltd · BSE:SCANSTL
Scan Steels — Investor Presentation (June 2026)
40 slides from Scan Steels's investor presentation, Jun 19, 2026
Slide 1: BSE filing cover letter for Investor Presentation
+91 80931 15221 @Y SCAN STEELS LTD. ..,.000s ajulcl “ CIN : L27209MH1994PLC076015 | GSTIN : 21AABCMB734H1ZQ www.scansteels.com Date: 19.06.2026 To, The General Manager-Listing Department of Corporate Services . BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001. BSE Code: 511672 Su
Slide 2: Corporate Presentation June'26
SHF?ISHTH TMT Andar se Mazboot Corporate PresentationJune’26
Slide 3: Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with an
Slide 4: A 30-Year Journey of Building Trust
A 30-Year Journey of Building Trust ‘S 3can Steels Ltd 1996 1997 1999 2000 - 2008 2010 2015 -2017 2018 - 2026 2027E -2031E Converted into a Commenced Became a pioneer Expanded into Further expanded B_SE'“StEd (2015), Leads with excellence Transformation Public Limited commercial in establishing DRI
Slide 5: The Driving Force Behind the Business - Promoter & Chairman
The Driving Force Behind the Business - Promoter & Chairman - Rajesh Gadodia ‘©Scan Steels Ltd "%" FOUNDING & FAMILY Seeded by the entrepreneurialvision of Shri Sanwarmal Gadodia and nurtured by ® 1996 Mr. Rajesh Gadodia, the Company emerged as Odisha's first private integrated secondary steel-route
Slide 6: Three Milestones in the Transformation
Three Milestones in the Transformation ‘©Scan Steels Ltd Each marks a different stage of Scan Steels' operational build-out WHEREWE ARE TODAY WHERE WE ARE HEADING WHERE THE BUSINESS IS HEADED FY26 (Audited) FY28 (Estimate) FY31 (Post Theme 3) Revenue (audited) EBITDA target EBITDA potential . Integr
Slide 7: Executive Summary
Executive Summary S Scan Steels Ltd T2 o o @m@ o5 N THE COMPANY THE OPPORTUNITY THE ASK THE VALUE CREATION Scan Steels (BSE: 511672) is a 30- Three-phase growth roadmap : Fresh equity to fund Theme 3 Audited FY26 base - X838 Crrevenue, 349 year-old integrated steel producer (1) Billet +1 L > TMT 3 L
Slide 8: Business at a Glance
Business at a Glance ‘©Scan Steels Ltd Commissioned in 1996, Scan Steel is Odisha’s first private integrated OPERATIONAL FOOTPRINT steel producer through the secondary steelroute in the mid-corporate segment. ] Manufacturing Plants : Diversified product portfolio including Sponge Iron, Steel Billets
Slide 9: USPs
Slide 10: Integrated Business Model
Integrated Business Model ‘S 3can Steels Ltd Iron Ore + Coal Sponge Iron (DRI) MS Billet (SMS) Rolling Mill Branded TMT Pipes + Galv. (Theme 2) Raw Material Capacity-1.5LTPA ; Prod - Capacity - 2.0 LTPA ; Prod - 3.0LTPA; Prod - 162,984 MT SHRISHTII 2LTPA new 126,615 MT;Utilization - 84% 161,704 MT;
Slide 11: Strategically located state-of-the-art manufacturing plants
Strategically located State of art manufacturing plants resulting in operational efficiencies T Scan Steels Ltd State - of - the - art Plant gives birth to Superior Products @ STRATEGICALLY LOCATED * Plantsin Odisha's iron-ore belt (Keonjhar/ Sundargarh / Jajpur districts) Unitl: RAMBAHAL, ODISHA Ne
Slide 12: SHRISHTII TMT - A Trusted Name in Steel
SHRISHTII TMT - A Trusted Name in Steel ‘©Scan Steels Ltd SHRISHTII TMT, Scan Steels’ flagship brand, | offers high-strength rebars from an integrated process, trusted across eastern and central India’s construction sector. SHRISHTII TMT? High Tensile Strength Delivers high-strength, special-grade s
Slide 13: Brand-Led Pricing Power
Brand-Led Pricing Power ‘©Scan Steels Ltd TMT Price Hierarchy in Odisha (INR/Ton) Scan vs Primary Producers - 50,000 - 55,000 Capital Efficiency 43,430 Unlike primary producers that require large 38,000 - 42,000 investments in upstream steel-making facilities, I 36,000 - 40,000 Scan's integrated sec
Slide 14: Distribution & Channel - The Offtake Engine
Distribution & Channel - The Offtake Engine ‘S 3can Steels Ltd A deep, branded channel that converts new capacity into sales - the demand side of the volume-led plan 30-year CHANNEL STRENGTHS Heritage & Brand Trust e— SHRISHTII TMT - Scan's flagship brand, trusted across Odisha & East India, backed
Slide 15: Financial Strength
Financial Strength ‘©Scan Steels Ltd Disciplined balance sheet, group backing & a premium fresh-equity raise - capital that endures the steel cycle @ FY26 REVENUE @ FY26 EBITDA @ FY26 PAT @ CREDIT RATING X838 Cr %49 Cr 20 Cr BBB+/ A2+ Standalone ~5.9% margin Profitable through cycle CRISIL - Stable
Slide 16: FY26 Financial Snapshot
FY26 Financial Snapshot ‘©Scan Steels Ltd INCOME STATEMENT (FY26) BALANCE SHEET (Mar'26) Revenue X838 Cr Equity Capital %59 Cr BEE T N5 -ocr(5.o%) CReserves was2cr PBT 27 Cr Net Worth 441 Cr e SO T Bomowings e s eSS SELESE R Totalasses wotcr Net D/E 838 Cr CFI (%38 Cr) | Working CapitalDays woCr(59%
Slide 17: Current Market Snapshot
Current Market Snapshot - Factual (as on 24 May 2026) ‘=3can Steels Ltd [ owe ¥838Cr RX236Cr 11.9X 0.52 X X75.3 48.9% 6.67% 4.30% Investor Presentation
Slide 18: Robust operational performance - Focus on High Margin Product
Robust operational performance - Focus on High Margin Product ‘©Scan Steels Ltd Production (MT) Sales (MT) 173,701 160,637 162,469 170,817 163,895 153,869 161,456 161,704 144,541 128,640 126,615 119,815 8,136 10,750 2,593 e FY 2024 FY 2025 FY 2026 FY 2024 FY 2025 FY 2026 14 Sponge Iron ®m Ms Billet
Slide 19: Strategic Priorities
Slide 20: Transforming Capacity, Accelerating Growth
Transforming Capacity, Accelerating Growth ‘©Scan Steels Ltd Capacity Line FY26 (Today) FY28 (Target) FY31 (Target) Sponge Iron (DRI) 1.5 LTPA 1.5 LTPA 4.0 LTPA* (Theme 3) 2.7x MS Billet (SMS) 2.0 LTPA 3.0 LTPA (Theme 1) 4.0 LTPA (Theme 3) 2.0x Rolling (TMT/Struct.) 2.0 LTPA*** 3.0 LTPA (Theme 1) 5.
Slide 21: Extending the Value Chain Through Downstream Expansion (Theme 2)
Extending the Value Chain Through Downstream Expansion (Theme 2) ‘S 3can Steels Ltd Pipe Mill + Galvanizing + Epoxy Coating onfl 7 DEMAND DRIVERS PROJECT SNAPSHOT National Highways Project Pipe Mill + Hot-Dip Galvanizing e NHAI's ¥10L Crpipeline through FY30 New Capacity 2.0 LTPA pipe + galvanizing
Slide 22: Theme 3 - Greenfield Expansion
Theme 3 - Greenfield Expansion ‘©Scan Steels Ltd UNLOCKING LONG - TERM VALUE CREATION PROJECT SNAPSHOT Enables full backward integration from pellet to finished steel, improving cost control and operational efficiency. Pellet Plant 12 LTPA wet beneficiation DRI Unit 2.5 LTPA sponge iron (new) Enhanc
Slide 23: The Power Story - Captive Power Build-Up
The Power Story - Captive Power Build-Up TODAY : 8 MW captive plant at 100% utilization (FY26) TODAY (FY26) EXPANSION ADD (FY28-31) TOTAL CAPTIVE (FY31) Verified: 8 MW captive 50 MW greenfield 8 existing + 50 added (greenfield WHRS) FY26 utilization = 100% WHRS + AFBC + thermal by Q3FY31 ~7.3x curre
Slide 24: Bindals Acquisition — Inorganic Lever
Bindals Acquisition — Inorganic Lever ‘S 3can Steels Ltd ( Kalinga Allied Industries India Private Limited (KAll) has partnered with Scan Steels Limited (SSL) to form a consortium for the acquisition and 7 revival of Bindals Sponge Industries Limited, which has been undergoing resolution under the I
Slide 25: The Steel Cup - Per-Ton Cost & Margin
The Steel Cup - Per-Ton Cost & Margin ‘©Scan Steels Ltd Per-ton economics breakdown for SHRISHTII TMT (FY26) Cost-of-Production Cascade (¥/Ton) How Each Rung Lifts EBITDA/Ton ~ FY26 Blended SPONGE (DRI) %3,013/T EBITDAR49.1 Cr/ 162,984 MT DA Cost of production /ton. Captive feed - consumed. internal
Slide 26: Vision 2031: Scale, Revenue & Earnings Expansion
Vision 2031: Scale, Revenue & Earnings Expansion TScan Steels Ltd Revenue( Rs. Cr) 4,133 EBITDA (Rs. Cr) PAT (Rs. Cr) 575 338 3,226 402 249 2,461 I 1,623 253 160 145 85 ¥ i I = = FY26 FY27E FY28E FY29E FY30E FY31E FY26 FY27E FY28E FY29E FY30E FY31E FY26 FY27E FY28E FY29E FY30E FY31E Net Debt/Equity
Slide 27: Capacity Bridge — Total Steelmaking Output Growth
Capacity Bridge — Total Steelmaking Output Growth ‘S 3can Steels Ltd From 2.0 LTPA TMT capacity (FY26) to ~7.5 LTPA finished steel (FY31) - TMT + pipe + structural Finished Steel Output (LTPA) +2.50 7.50 LTPA +2.00 +1.00 2.0LTPA FY26 TMT Theme 1 Theme 2 Theme 3 FY31 Total (capacity) FY27.- Billet +1
Slide 28: The Margin Stack - Building to FY31 EBITDA %
The Margin Stack - Building to FY31 EBITDA % ‘S 8can Steels Ltd LX) A ~13.9% F @é} EBITDA% EVOLUTION @ | Backward Integration 8.5% Peak Hot Charging & Yield 4.5% Cycle low (@}é/ Op Leverage - Employee 4.9% Actual @fi/ Op Leverage - fixed overheads 5.8% Actual 5.9% Actual @ Captive Power (58 MW) 8.9%
Slide 29: EBITDA Bridge - Rs 49 Cr (FY26) to Rs 575 Cr (FY31)
EBITDA Bridge - %49 Cr (FY26) to X575 Cr (FY31) ‘S 8can Steels Ltd Decomposing the ~12x growth across themes FY26 > FY31 EBITDA Walk-up (X Cr) X575Cr +3322 +3109 +X73 - +322 %49Cr FY26 Actual Theme1 Theme 2 Full Utilisation Theme 3 Power FY31Total FY27- Billet FY28 - Pipe+Galv FY29 - Themes 1+2 FY30
Slide 30: Working Capital - Collections & the Raw-Material Buffer
Working Capital - Collections & the Raw-Material Buffer ‘S 3can Steels Ltd INVENTORY DAYS CASH CONVERSION CYCLE DEBTORDAYS:14-9 ~103 ~108 days ©) E@ Collections tightened FY23>FY26; sold to the dealer network on near-cash / advance terms FY26 - RM~90/WIP ~5 / FG ~8 days FY26 = inventory 103 + debtor
Slide 31: Value-Creation Framework - How the Business Builds Intrinsic Value
Value - Creation Framework - How the Business Builds Intrinsic Value ‘©Scan Steels Ltd B N N, 4 I575Cr FY31 EBITDA potential ~%850CTr asset base to recreate 3338Cr FY31 PATpotential ASSUMPTIONS ASSUMPTIONS ASSUMPTIONS Discounted cash flows from the capex Cost to build ~17 LTPA integrated capacity Th
Slide 32: Use of Proceeds - Rs 850 Cr Project
Use of Proceeds - X850 Cr Project ‘©Scan Steels Ltd .m PROJECT ALLOCATION (X850 CR) ( WHAT THE X850 Cr BUILDS (FY31E) Pellet Plant (12 LTPA) X250 Cr REVENUE z4,133Cr 4.9x FY26 vs X838 Cr FY31E DRI Unit (2.5 LTPA) 3120 Cr EBITDA 11.7xFY26 margin ~13.9% FY31E Billet / SMS (1.0 LTPA) X80Cr FINISHED CAP
Slide 33: Why Now - Six Catalysts Converging
Why Now - Six Catalysts Converging ‘S3can Steels Ltd Execution timing matters - the window is open N BBB+ Rating @}/Dfl Demand Bindals I]i_] Reaffirmed Tailwind NCLT Won * CRISIL July 2025 - credit story validated. * NSP targets ~300 MT by FY31; * Feb 2026 -X37 Cr SSL+KAIl settlement by Cheaper debt
Slide 34: APPENDIX
Slide 35: Demand Tailwinds - Why the Volume Is There
Demand Tailwinds - Why the Volume Is There ‘S 3can Steels Ltd The volume-led plan rests on a structural demand cycle - India's steel use is low, rising, and infrastructure-driven ~100kg Per-Capita Steel - FY26 ~8-9% Annual Demand Growth 300MT FY30 Capacity Goal vs world ~220+ kg - India consumes und
Slide 36: Our Purpose, Vision, and Values
Our Purpose, Vision, and Values ‘©Scan Steels Ltd Mission Culture Core Values To become a leading To be India’s leading Embrace teamwork, Safety first TMT manufacturer in steel and infrastructure fairness, and India. solutions provider. accountability. ) B© To achieve profitability To excel in Odish
Slide 37: Experienced Board Of Directors
Experienced Board Of Directors ‘©Scan Steels Ltd Mr. Rajesh Gadodia Mr. Praveen Kumar Patro Mr. Ankur Madaan Founder & Chairman Executive Director Whole-time Executive Director Has 30+ years of industry experience; provides strategic Has 30+ years of experience in the steel industry; leads Has 15+ y
Slide 38: Key Managerial Personnel
Key Managerial Personnel ‘S 3can Steels Ltd Mr. Prabir Kumar Das (FCS) Mr. Kalyan Kiran Mishra Mr. Prashant Maskara, CA Company Secretary Chief Financial Officer Senior Manager — Finance Nearly 30 years of experience in corporate governance, regulatory A B.Com. (Hons.) graduate with over 31 years of
Slide 39: Committed to Community Well-Being
Committed to Community Well-Being ‘©Scan Steels Ltd Créeche Facility for World Earth Day & Annual Blood Working Mothers - Go Green Initiative - Donation Drive - offers an on-site Marked World Earth Organizes annual Ensuring Safe créche to ensure Health Camps for Day and Go Green Educational blood do
Slide 40: Company and Investor Relations Contact
fl — ! it Company Contact Investor Relations Contact Mr. Kalyan Kiran Mishra Sana Kapoor Sakshi Narvekar secretarial@scansteels.com sana@GolndiaAdvisors.com SakshiN@GolndiaAdvisors.com M: +91 81465 50469 M:+91 87792 63625 S Scan Steels Ltd *