Steel Authority Of India Limited · NSE:SAIL
Steel Authority Of India — Q2 FY2017-18 Earnings Presentation
38 slides from Steel Authority Of India's earnings presentation, July 2020
Slide 1: Performance Highlights H1 & Q2 FY 2017-18
STEEL AUTHORITY OF INDIA LIMITED Performance Highlights H1 & Q2 FY 2017-18
Slide 2: Performance Highlights: H1 FY2017-18
PERFORMANCE HIGHLIGHTS : H1 FY2017-18 Net Sales : Rs 24898 Crore FINANCIAL EBITDA : Rs 989 Crore PERFORMANCE PBT : Rs (-) 2028 Crore PAT : Rs (-) 1340 Crore Hot Metal Production : 7.608 MT Crude Steel Production : 7.135 MT PRODUCTION Saleable Steel Production : 6.859 MT & SALES PERFORM
Slide 3: Performance Highlights: Q2 FY2017-18
PERFORMANCE HIGHLIGHTS : Q2 FY2017-18 Net Sales : Rs 13442 Crore FINANCIAL EBITDA : Rs 966 Crore PERFORMANCE PBT : Rs (-) 740 Crore PAT : Rs (-) 539 Crore Hot Metal Production : 4.081 MT Crude Steel Production : 3.831 MT PRODUCTION & SALES Saleable Steel Production : 3.658 MT PERFORMAN
Slide 4: Financial Performance
FINANCIAL PERFORMANCE 5909 5590 EBITDA Annual 3225 PBT 2345 PAT 672 Profit 2616 2079 -2203 Trend -2833 -4021 -4851 -7007 FY 14 FY 15 FY 16 FY 17 Quarterly 966 Half Yearly All figures in Rs crore 989 180 527 22 EBITDA Cash Profit -587 -539 -1267 -1319 -732 -740 PBT -2178 -2007 PAT -1253 H1 2016-17 H1
Slide 5: Financial Performance
FINANCIAL PERFORMANCE Annual Net Worth Annual Borrowings & Interest cost 45000 41396 3500 43523 40000 35141 42666 31837 39196 35000 36009 30000 25281 2500 Annual 25000 2528 20000 2300 Borrowings 15000 10000 1500 Interest 5000 1454 Cost 0 968 500 FY 14 FY 15 FY 16 FY 17 FY 14 FY 15 FY 16 FY 17 Quarte
Slide 6: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore H1 FY 18 Q2 FY 18 H1 FY 17 Q2 FY 17 (INDAS Compliant figures) Net Sales 24898 13442 20162 11080 EBITDA 989 966 527 192 Depreciation 1457 762 1266 666 Finance Cost 1231 643 1197 603 PBT Before Exceptional Items -1720 -443 -1936 -1077 Exceptional/Abnormal Items (VRS/Sus
Slide 7: Production Performance
PRODUCTION PERFORMANCE All figures In Million Tonne 13.9 12.9 12.8 12.4 3.66 3.49 SALEABLE 6.9 STEEL PRODUCTION FY 14 FY 15 FY 16 FY 17 FY 18 (incl. SSPs) (H1) Q2 FY17 Q2 FY18 Annual Quarterly 3.59 13.4 3.27 12.4 12.4 11.9 SALEABLE 6.7 STEEL PRODUCION (5 ISPs) FY 14 FY 15 FY 16 FY 17 FY 18 Q2 FY17 Q
Slide 8: Production Performance: FY17
PRODUCTION PERFORMANCE : FY17 10.90% 1.30% CRUDE STEEL BOF 14.5% Ingot PRODUCTION EAF Route BY PROCESS THF CC 85.5% Route 87.80% SALEABLE STEEL PRODUCTION 43.5% Commodity BY PROCESS 56.5% Value Added (5 ISPs)
Slide 9: Production Performance: FY 2016-17 Product Mix
PRODUCTION PERFORMANCE : FY 2016-17 SAIL 18.7% PRODUCT MIX : 54.2% 5 ISPs 27.1% BSP 29.0% 55.9% 15.1% DSP 33.5% 66.5% Flats RSP 97.2% 2.8% Longs Semis BSL 99.0% 1.0% ISP 61.3% 38.7%
Slide 10: Production Performance
PRODUCTION PERFORMANCE Parameter H1 2017-18 Q1 2017-18 MAJOR Coke Rate (kg/thm) 464 470 TECHNO-ECONOMIC Fuel Rate (kg/tcs) 561 562 PARAMETERS Sp. Energy Consumption 6.57 6.72 (GCal/TCS) BF Productivity (T/m3/day) 1.66 1.60 3 315 320 322 302 278 258 LABOUR PRODUCTIVITY FY 13 FY 14 FY 15 FY 16 FY17 H1
Slide 11: Sales Performance
SALES PERFORMANCE 3.61 3.54 13.1 12.1 12.1 11.7 11.1 SALEABLE Q2 FY17 Q2 FY18 STEEL SALES 6.6 Quarterly (Million Tonne) FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 (H1)
Slide 12: SAIL Stock Price Movement
SAIL STOCK PRICE MOVEMENT SAIL's Share Price (Rs.) Sensex Points 33251 32515 31146 31284 29621 33213 28452 31730 27000 27656 30922 26146 2611824871 25607 26653 29918 28052 27866 27930 28743 78 78 26668 26627 64 61 63 25342 61 60 57 47 48 52 52 49 23002 45 47 46 58 61 54 43 43 43 46 49 35 Closing Sha
Slide 13: Power Consumption FY 2016-17
POWER CONSUMPTION –FY 2016-17 9.0% Own CPP 33.0% Drawl from Grid 58.00% JV CPP
Slide 14: SAIL's Modernisation & Expansion Plan
SAIL’s MODERNISATION & EXPANSION PLAN Actual Production Capacity After Million Tonne 2016-17 On-going Expansion Crude Steel 14.495 21.4 Saleable Steel 13.868 20.2 Technological Shift Before After Technology Expansion Expansion BOF Steel Making 79% 100% CC Route 71% 94% Pelletisation Plant No Yes Cok
Slide 15: Modernisation & Expansion Plan
MODERNISATION & EXPANSION PLAN Production through twin-hearth furnace (THF) route to be replaced by BOF-LD converter route. Production through Ingot – teeming route to be replaced with continuous cast production route. EXPECTED Enhancement of Production volume by addition of 2 new 4060 m3 Blas
Slide 16: Ongoing Projects (Capex)
ONGOING PROJECTS (CAPEX) (Rs. Crore) 12191 61870 1 Expansion of existing capacity 3509 2 Value-addition / Product-mix improvement 7039 22739 3 Technological up gradation / Modernization Sustenance including de-bottlenecking, AMR & 4 Environment 39131 39131 5 Total Estimated Cost In addition, a Capex
Slide 17: Capacity After Expansion
CAPACITY AFTER EXPANSION Saleable Steel Hot Metal (MTPA) Crude Steel (MTPA) (MTPA) Plant After After After 2016-17 2016-17 2016-17 Expansion Expansion Expansion BSP 5.0 7.5 4.7 7.0 4.0 6.6 DSP 2.3 2.5 2.0 2.2 1.9 2.1 RSP 3.1 4.5 2.9 4.2 2.7 4.0 BSL 3.4 5.8 3.2 4.6 3.4 4.2 ISP 1.8 2.9 1.4 2.5 1.3 2.4
Slide 18: Product Mix Post Expansion – Saleable Steel
PRODUCT MIX POST EXPANSION – SALEABLE STEEL Galvanized Products CR Coils/Sheets 7% 2% PET Products 1% Semis H1 FY 18 12% Structurals 7% HR Plates/Coils/Sh eets/skelp Bars & Rods 30% 17% Galvanized Rly Products PET Products 7% CR Products 3% PM Plates Coils/Sheets 1% 17% 11% Semis 12% Structurals HR
Slide 19: Modernisation & Expansion Plan - Salem Steel Plant
MODERNISATION & EXPANSION PLAN - SALEM STEEL PLANT Facilities added: •Steel melting Shop – Electric Arc Furnace (55 T); AOD Converter (60 T); Ladle Furnace (60 T); Single Strand Slab Caster. • Roll Grinder for Hot Rolling Mill • Cold Rolling Mill Complex –20-high Sendzimir Mill Production (MTPA) : I
Slide 20: Modernisation & Expansion Plan - IISCO Steel Plant
MODERNISATION & EXPANSION PLAN - IISCO STEEL PLANT Facilities Completed: • Coal, Coke Handling and Pipe Conveyor • Ore Handling Plant • Base Mix Preparation Plant • New Coke Oven Battery (0.88 Mtpa, 2 x 37 ovens, 7 m tall) – • Coke Dry Cooling Plant • Sinter Machines (3.88 Mtpa gross sinter producti
Slide 21: Modernisation & Expansion Plan - IISCO Steel Plant
MODERNISATION & EXPANSION PLAN - IISCO STEEL PLANT New stream to produce 2.7 Mtpa of Hot Metal & 2.5 Mtpa of Crude Steel Production (MTPA) : Item 2016 -17 (Actual) After Expansion Crude Steel 1.397 2.50 Saleable Steel 1.339 2.39 The expanded capacity of IISCO Steel Plant has been dedicated to the N
Slide 22: Current Progress of Expansion at IISCO Steel Plant
Current Progress of Expansion at IISCO Steel Plant BURNPUR Coke Oven Battery Sinter Plant Blast Furnace BOF Converters Billet Casters Wire Rod Mill
Slide 23: Modernisation & Expansion Plan - Bokaro Steel Plant
MODERNISATION & EXPANSION PLAN– BOKARO STEEL PLANT Facilities Completed: • Re-building of Coke Oven Battery #1 & #2. • Up-gradation of Blast Furnace #2 and Stoves Up-gradation of #5 • Auxiliary Fuel Injection (CDI) in Blast Furnaces #2 & #3. • Turbo-Blower-8. • New CRM Complex (1.2 Mtpa) except HDGL
Slide 24: Current Progress of Expansion at Bokaro Steel Plant
Current Progress of Expansion at Bokaro Steel Plant Coke Oven Blast battery-2 Furnace-2 PLTCM Coil Packaging Line Skin Pass Mill Bell Annealing Furnace
Slide 25: Modernisation & Expansion Plan - Bhilai Steel Plant
MODERNISATION & EXPANSION PLAN– BHILAI STEEL PLANT Facilities Already Completed: • Ore Handling Plant part-A • Second Sinter Machine in Sinter Plant-3 (3.7 MTPA) • New Coke Oven Battery No. 11 (7 m tall, Capacity 0.881 mtpa) • Oxygen Plant (BOO basis) • Universal Rail Mill (1.2 MTPA) • Rail Welding
Slide 26: Current Progress of Expansion at Bhilai Steel Plant
Current Progress of Expansion at Bhilai Steel Plant Sinter Machine Coke Oven Battery - 11 Blast Furnace - 8 Continuous Caster - 1 Bar & Rod Mill Universal Rail Mill
Slide 27: Modernisation & Expansion Plan - Rourkela Steel Plant
MODERNISATION & EXPANSION PLAN– ROURKELA STEEL PLANT Facilities Completed: • New Coke Oven Battery -6 (7 m tall, 1 x 67 ovens) • New Sinter Plant -3 (1 x 360m²) • New Blast Furnace -5, 4060 m3 useful volume • New 3rd Single Strand Slab Caster (1.5 MTPA) • New Oxygen Plant 2x700 tpd on BOO basis • Ne
Slide 28: Current Progress of Expansion at Rourkela Steel Plant
Current Progress of Expansion at Rourkela Steel- 3Plant SINTER PLANT Coke Oven Battery - 6 Sinter Plant - 3 1 3rd BOF Converter 3rd Slab Caster BOF Converter Blast Furnace - 5 Tapping
Slide 29: Modernisation & Expansion Plan - Durgapur Steel Plant
MODERNISATION & EXPANSION PLAN– DURGAPUR STEEL PLANT Facilities Completed: • Rebuilding of Coke Oven Battery no-2 • New Ladle Furnace (125T) • Coke Sorting & Coal Handling Plant • New Dolomite Plant (300tpd) • Bloom-cum-Round Caster 1X4 (0.75 Mtpa) • New Medium Structural Mill (1.0 Mtpa) Production
Slide 30: Current Progress of Expansion at Durgapur Steel Plant
Current Progress of Expansion at Durgapur Steel Plant Coke Oven Battery-2 Ladle Furnace-3 Bloom cum Round Caster Medium Structural Mill
Slide 31: Raw Materials
RAW MATERIALS Iron Ore Hot Metal Year Consumption Linkages of Iron Ore (mtpa) (mtpa) 2016-17 15.73 25.332 Existing Mines The capacity of existing mines at Kiriburu, Meghahatuburu, Bolani & Gua are being ramped up to meet the requirement of Iron Ore for post ongoing phase of expansion New Pellet Plan
Slide 32: Raw Materials – Iron Ore
RAW MATERIALS – Iron Ore Existing Capacity* after Mine Capacity* ongoing expansion Remarks (mtpa) (mtpa) Kiriburu 5.50 5.50 Expansion at Kiriburu has already been completed whereas Meghathaburu is being ramped up to meet Meghathaburu 5.00 6.50 the requirement of the ongoing expansion plan. Bolani 7.
Slide 33: Raw Materials – Coal
RAW MATERIALS – Coal Hot Metal Coking Coal Year Linkages of Coking Coal (mtpa) Requirement (mtpa) • Import Component – 81.05% • Over 70% of imported coal is sourced from Australia. • Indigenous: 18.95% 2016-17 15.73 15.32 • Domestic coal is largely sourced from Coal India Ltd. • SAIL has existing ca
Slide 34: Major Joint Ventures
MAJOR JOINT VENTURES FOCUS AREA ALLIANCE PARTNER REMARKS A Special Purpose Vehicle, namely, ‘Chhattisgarh Mega Steel Limited’ has been formed for setting-up STEEL an Ultra Mega Steel Plant (UMSP) in Bastar area of Chhattisgarh. SAIL Bansal Service Center Limited – A JV with Bansal Metal Works Lt
Slide 35: Major Joint Ventures
MAJOR JOINT VENTURES FOCUS AREA ALLIANCE PARTNER REMARKS SAIL Kobe Iron India Pvt. Ltd. – A Joint Venture Company has been formulated for setting up a 0.5 TECHNOLOGY mtpa capacity Plant for producing iron nuggets based on ITmk3 technology. International Coal Ventures Pvt. Ltd., a SPV of 5 leadin
Slide 36: Major Joint Ventures
MAJOR JOINT VENTURES FOCUS AREA ALLIANCE PARTNER OBJECTIVE SAIL RITES Bengal Wagon Industry Pvt. Ltd. – A WAGON Joint Venture Company has been formed with M/s MANUFACTURE RITES for setting up Wagon Manufacturing Factory at Kulti, West Bengal. JV with Tata Steel to promote e-commerce E-PORTAL act
Slide 37: Abbreviations used
Abbreviations used • BF Blast Furnace • FOB Freight On Board • SMS Steel Melting Shop • JPC Joint Plant Committee • BOF Basic Oxygen Furnace • Kg/thm Kilo Gram Per Tonne of • THF Twin Hearth Furnace Hot Metal • EAF Electric Arc Furnace • Tpd Tonnes Per Day • BSP Bhilai Steel Plant • MT Million Tonne
Slide 38: Disclaimer
Disclaimer Statements / Data which do not relate to SAIL and are used / made in this presentation are from sources which are considered reliable and Company cannot be held for its authenticity. Further, statements describing the Company’s projections, estimates, expectations are “forward looking sta
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