Jindal Stainless Limited · NSE:JSL
Jindal Stainless — Investor Presentation (September 2023)
53 slides from Jindal Stainless's investor presentation, Sep 18, 2023
Slide 1: Exchange intimation cover letter
..JSL JINDAL STAINLESS 18 th September, 2023 BSE Limited National Stock Exchange of India Ltd. 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 -
Slide 2: Corporate Presentation
JIS_aA JINDAL STAINLESS CORPORATE PRESENTATION
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (the "Company"), has been prepared purely for information purposes only and is not, and is not intended to be, an offer, or solicitation of offer, or invitation or recom
Slide 4: Content
CONTENT 1 2 3 4 5 6 OVERVIEW SECTOR CORE ESG FINANCIALS ANNEXURES DYNAMICS & STRENGTHS DIVERSIFIED APPLICATIONS 3
Slide 5: Overview
OVERVIEW 4
Slide 6: Jindal Stainless Leader in Specialized Products
Jindal Stainless Leader in Specialized Products #1 #5 ~ 3mtpa Stainless steel Top Global producer producer in Ex - China Stainless steel capacity India ~₹ 350bn ~₹ 36bn 0.2x Revenue (Net)* EBITDA* Net Debt/Equity* 50+ >120 grades > 21,000 Exports to countries Diversified High End Manpower (incl. con
Slide 7: Diverse Product Portfolio Redefining Possibilities
Diverse Product Portfolio Redefining Possibilities Unleashing the spectrum of stainless steel solutions SMS CRAP 2,900,000 1,450,000 HSM (including JUSL) Special Product Division 3,920,000 94,000 Narrow Tandem Mill Ferro Alloy 250,000 284,675 HRAP Power (MW) 1,905,000 264 SMS : Steel Melt Shop HSM:
Slide 8: Ingenuity Meets Manufacturing Excellence
Ingenuity Meets Manufacturing Excellence The heart of our operations ODISHA HISAR Capacity – 2.1 MTPA Capacity - 0.8 MTPA Million Tonnes per Annum 7
Slide 9: Jindal Stainless: Group structure
Jindal Stainless: Group structure 57.9% 42.1% PROMOTER PUBLIC Jindal United Rathi Super PT Jindal Jindal Stainless Jindal Iber Jindal Steel ltd steel Ltd Indonesia Steelway Ltd Lifestyle Hot strip mill of Wire Rods & 0.15 mtpa Service Domestic Manufacturer 1.6 mtpa to Re-bars rolling cold rolling of
Slide 10: Sector Dynamics & Diversified Applications
SECTOR DYNAMICS & DIVERSIFIED APPLICATIONS 9
Slide 11: Stainless Steel At The Vanguard
Stainless Steel At The Vanguard characteristics and popularity Favorable growth trajectory Value - added & Sustainable Metal …With stainless steel as the fastest growing metal Low maintenance Low Life Cycle Cost Stainless Steel 5.4% 1980-2021 CAGR Aluminium 3.7% Corrosion Resistance Recyclability/ C
Slide 12: Stainless Steel's Shining Surge
Stainless Steel's Shining Surge Global SS Consumption (MTPA) India SS Consumption (MTPA) CAGR 7-7.5% CAGR 4.0-4.5% Covid impact & Subsequent Covid impact latent demand & Subsequent latent demand 70.8 6.5 52.5 49.8 47.0 45.8 37.4 3.5 3.6 2.9 2.7 22.4 1.7 2009 2015 2019 2020 2021 2022 2030 FY10 FY15 F
Slide 13: JSL Shaping the Global Landscape
JSL Shaping the Global Landscape Setting new benchmarks in the global stainless steel market Tsingshan Jiangsu Delong Baosteel Among TISCO Top Posco Acerinox Aperam/Outokumpu/Guangxi Jindal Stainless E-United Liusteel group Xiamen Xiangu, Jiangsu Delong Among Top Shandong Shengyang Group AK Steel Gl
Slide 14: Extensive Product Portfolio
Empowering Industries with an Extensive Product Portfolio Automobile Offering a Railway & Transport comprehensive selection of quality products for existing and new sectors Process & Engineering Architecture Building Construction PRODUCT APPLICATIONS Consumer Durables 13
Slide 15: Diversified Consumption Pattern
Diversified Consumption Pattern Evolution in Sectoral growth Stainless Steel Stainless Steel EBITDA per tonne variance 2% 19% 20 2023 1998 44% 9% 80 26% Consumer durable Others ABC ART Process Consumer Durables Other 1.5 JSL Carbon Steel 3% 6% 5% 0.8 0.5 21% 27% 0.8 15% 12% 62% 29% 20% FY16 FY17 FY1
Slide 16: Charting New Territories in Consumption
Charting New Territories in Consumption Discover the latest market developments and stainless steel applications Progressive Potential Market Particulars Foot Over Bridge Road Over Bridge Flyovers Underframes Railway Station Airport (ABC+Structurals) ABC+Structurals Consumption 100-150Mt/Bridge 250-
Slide 17: Charting New Territories in Consumption
Charting New Territories in Consumption Discover the latest market developments and stainless steel applications Progressive Potential Market Particulars Ethanol Hydrogen Water Nuclear Consumption per 100 klpd, 450-500 MT 5MMTA of hydrogen will use 300-500 MT per 100 MLD Nuclear plant of 700-800 MV
Slide 18: Project – FOB – Naupada – East Coast Railway
PROJECT – FOB – Naupada – East Coast Railway Application All load Bearing Members including Girders, Columns, Cross Beams etc. 17
Slide 19: Project – Himalaya FOB – CSMT, BMC, Mumbai
PROJECT – HIMALAYA FOB – CSMT, BMC, Mumbai Application All load Bearing Members including Girders, Columns, Cross Beams etc. 18
Slide 20: Project – ROB – Kalyan Shilphata – Kalyan Patripool
PROJECT – ROB – Kalyan Shilphata – Kalyan Patripool - MSRDC Application Foundations of Bridges, Columns etc. 19
Slide 21: India Growth & Infrastructure Push - Driving Demand
India Growth & Infrastructure Push -Driving Demand Leveraging sectoral opportunities Auto Railways and Transport Infrastructure Process Industry 400 new Vande Bharat trains to be introduced in the next Transforming 508 railway stations across the country For achieving 280 GW of solar capacity by 203
Slide 22: Government Notifications
Government Notifications Strong Regulatory Support With a view to strengthening the quality of infrastructure build-out in the country, the Government of India has issued several circulars directing the usage of Stainless Steel in key infrastructure sectors. This is providing a tailwind to the for S
Slide 23: Core Strengths
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Slide 24: Solution Provider
Solution Provider Exploring the various solutions One stop solution provider Grade Quality Ensures availability Identifying recommendation / Control of all supportive implementation customization components for vendors implementation Dedicated JSL Welder Consultancy in Fabrication technical resource
Slide 25: Reaching New Horizons with our Presence
Reaching New Horizons with our Presence Extending our footprint worldwide, empowering growth and collaboration. Global footprint Domestic footprint Hisar Haryana Gurugram Delhi Corporate Office Russia Germany United Kingdom Belgium Turkey Ahmedabad Spain South Korea Vadodara Kolkata USA Taiwan Mumba
Slide 26: Nurturing Expertise & Brand Excellence
Nurturing Expertise & Brand Excellence Building enduring partnerships with key customers Investing in various Branding & Jindal Saathi marketing Stainless Steel Pipes Key Visuals Initiatives to enhance & Tubes campaign overall market Increased genuine Jindal potential Saathi Seal recognition among f
Slide 27: The Stainless Academy Redefining Stainless Power
The Stainless Academy Redefining Stainless Power Stainless Academy (Awareness & Eco - system Development) Stainless Education Fabrication Upskilling Workshops for hands-on Skill enhancement Courses in Introduction of SS program across 18,000+ Fabricators Under Skill India training program, Supported
Slide 28: Empowering Our Nation: Safeguarding Security and Driving Growth
Empowering Our Nation: Safeguarding Security and Driving Growth Nuclear Space Application Green Ballistic And Blast Marine Missile Applications Hydrogen Protection Application Application We are one of the two Suppling Critical Supplied 40 Mt for 238 Various grades for the Super duplex Stainless ste
Slide 29: Harnessing Technology for Customer Experience
Harnessing Technology for Customer Experience Unlocking efficiency and connectivity through digitization Real time data & Presales/Sales Personalized 360 degree Higher market Higher customer amp; powerful data mobility on cloud reports and customer view share & amp; avoid satisfaction & amp; analyti
Slide 30: Fueling Innovation and Advancement through R&D
Fueling Innovation and Advancement through R&D Key focus areas for innovation R&D division plays a pivotal role in retaining and consolidating JSL’s leadership position providing agility to Advance R&D division - a key factor driving new customer additions alter product and geographical mix with mar
Slide 31: Structural Changes
Structural Changes Sourcing and sales strategy More than Five decades of Planning, operations, sales, experience supported by Drastic shift in raw material Reduced inventory pipeline, and sourcing underwent a data analytics helped in procurement moved to releasing working capital. complete overhaul
Slide 32: ESG
ESG 31
Slide 33: JSL's Commitment to Environmental Responsibility
JSL’s Commitment to Environmental Responsibility Championing environmental stewardship aligned to global standards Environment Climate Emission Circular Renewable Water Contribution to Change Intensity Economy Energy Management Biodiversity Committed to 1.91 tCO2e/tcs Majority Recycled material Zero
Slide 34: Promoting Social Welfare & Enriching Communities
Promoting Social Welfare & Enriching Communities Empowering lives through training, safety, and social initiatives Social Community Development Safety management Training and development Learning & Development 0.06 LTIFR 1,24,124 EHS PARIVARTAN 4.5 Lakh+ a high potential development program. Benefic
Slide 35: Leading with Integrity and Responsibility
Leading with Integrity and Responsibility Upholding ethical standards and effective governance frameworks Governance Policies Product Stewardship Stakeholder engagement Jindal Stainless have formulated several policies within the Company’s Corporate R&D lab at both plants implemented The process of
Slide 36: Renewable Energy Green Hydrogen
Renewable Energy Green Hydrogen For incremental Jindal Stainless To increase the Floating Solar Partnered with Green Hydrogen to Expected Carbon First Green energy requirement imports RE power Renewable Energy Project (Installed Hygenco India replace fossil fuels abatement hydrogen plant, of 1MTPA t
Slide 37: Financials
FINANCIALS 36
Slide 38: JSL's Stellar Performance
JSL’s Stellar Performance Sales Volume (‘000) Revenue (Rs. Cr) 1,671 1,764 35,030 32,292 1,338 19,081 549 10,027 FY21 FY22 FY23 Q1 FY24 FY21 FY22 FY23 Q1 FY24 EBITDA (Rs. Cr) PAT (Rs. Cr) EBITDA/t 2,790 17,473 28,250 20,216 20,379 2,014 4,720 3,567 2,337 897 1,118 666 FY21 FY22 FY23 Q1 FY24 FY21 FY2
Slide 39: Driving Profitability through Resilience
Driving Profitability through Resilience Uniting operational excellence and financial success EBITDA/ton TTM (Rs) 36,000 Nickel Surge Export Duty Ukraine war 32,000 Export duty 27,600 27,200 removal 28,000 25,400 24,100 24,000 22,500 21,400 20,200 19,600 20,000 16,000 Jun-21 Sep-21 Dec-21 Mar-22 Jun
Slide 40: Strengthening Financial Position
Strengthening Financial Position Charting the path for De-leveraging Net Debt (Rs. Cr.) D/E (x) Net Debt/EBITDA (x) 11.0 8.4 4.2 2.7 2.6 2.3 1.3 0.7 0.7 2.9 3.4 3.2 1.4 1.3 0.9 0.5 0.3 0.2 11,185 11,145 8,483 6,585 5,366 4,711 3,135 3,179 2,591 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Debt Matur
Slide 41: Consolidating Financial Metrics
Consolidating Financial Metrics Cultivating value through streamlined operations and improved financial performance 11456 1.3 9446 6549 0.7 34% 0.7 0.5 20% 3135 3179 15% 2591 0.3 0.2 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 RoCE(%) Net Debt (Rs. Cr) Net Worth (Rs. Cr.) Net Debt/Equity(x) Net Deb
Slide 42: Strategic Capital Allocation for Sustainable Growth
Strategic Capital Allocation for Sustainable Growth Optimizing returns through resource optimization Capital Expenditure Organic & Sustaining Capex inorganic Capex for cost and Growth projects operational efficiencies ensure IRR ~15% Capital Allocation Dividend Target a dividend pay-out upto 20% of
Slide 43: Journey to Superior Ratings
Journey to Superior Ratings Advancing credit ratings to increase investor confidence APR 23 TERM LOAN AA-/POSITIVE JAN 22 TERM LOAN AA-/STABLE MAY 21 TERM LOAN A+ STABLE JAN 21 TERM LOAN RATINGS 5 NOTCHES HIGHER BBB+/ STABLE JAN 20 TERM LOAN BBB/ STABLE 42
Slide 44: Noteworthy Acquisition
Noteworthy Acquisition Significant progress and milestones in JSL's journey Stake in NPI Facility Rathi Super Steel Ltd JUSL Enhancing Product Diversification Integrating the Operations Raw Material Security In November 2022, Jindal Stainless Ltd JUSL acquisition completed on July 20, The company ha
Slide 45: Leading the Way
Leading the Way Strong Growth and Sustainable Practices in the Value-Added Stainless Steel Sector Wide spread distribution network and ESG Commitment, EAF manufacturing high scrap efficient supply chain for higher utilization adding to circular economy efficiencies and customer satisfaction Diversif
Slide 46: Contact Us
Contact Us India’s leading stainless steel manufacturer, Jindal Stainless, has an annual turnover of ~INR 360 bn (US $4.30 billion) in FY23, and is ramping up its facilities to reach 2.9 million tonnes of annual melt capacity in FY24. It has two stainless steel manufacturing facilities in India, in
Slide 47: Thank You
THANK YOU Copyright © 2023 | All Rights Reserved | Privacy Policy 46
Slide 48: Annexures
ANNEXURES Copyright © 2023 | All Rights Reserved | Privacy Policy 47
Slide 49: JUSL Snapshot
JUSL Snapshot EBITDA (Cr.) Interest cost (Cr.) PAT (Cr.) Net Debt (Cr.) 800 712 240 236 300 2030 258 2040 700 235 250 2020 590 600 230 200 2000 500 225 148 150 1980 400 220 1956 300 215 213 100 1960 200 210 1940 50 100 205 1920 0 200 0 1900 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 48
Slide 50: Accolades of Distinction
Accolades of Distinction Recognitions and certifications highlighting industry leadership Quality Environment Management Energy Efficiency Best Raw Material Supplier Supplier Excellence 22ND GREENTECH Fame Environment Excellence Golden Peacock Award SEEM National Energy Supplier Award given to Excel
Slide 51: Promoters Pledging
Promoters Pledging Promoters' pledging: Clarification There is no loan raised against the promoters' shares (LAS), & therefore there is no linkage between the pledged shares and their market value Accordingly, there is no requirement of maintaining any margins, since the aforesaid shares are offered
Slide 52: Shareholding Pattern
Shareholding Pattern Floating Stock (%) Promoters Fll 57.9% 23.1% Others 42.1% Retail & Others Dll 13.0% 6.0% Copyright © 2023 | All Rights Reserved | Privacy Policy 51
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