Jsw Steel Limited · NSE:JSWSTEEL
Jsw Steel — Investor Presentation (August 2026)
60 slides from Jsw Steel's investor presentation, August 2026
Slide 1: Investor Presentation August 2026
Investor Presentation August 2026
Slide 2: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement Certain statements in this report concerning our future growth prospects are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The
Slide 3: Agenda
Agenda Sustainability Company India Growth JSW Steel Products and Overview Opportunity Delivering Brands Portfolio Growth & Value 04 14 20 24 32 Digitalisation Governance Balance Sheet Appendix and R&D and Board and Debt Profile 42 46 49 53 JSW Steel Investor Presentation: August 2026 / 3
Slide 4: Sustainability
Sustainability JSW Steel Company India Growth Products and Digitalisation Governance Balance Sheet Sustainability Overview Opportunity Delivering Brands Portfolio and R&D and Board and Debt Profile Appendix Growth & Value
Slide 5: Sustainability at JSW Steel
Sustainability at JSW Steel Governance & Oversight by Board-level Business Responsibility & Sustainability Committee Climate Change Energy Our Resources Indigenous People Cultural Heritage Business Ethics Water Resources Focus Waste Employee Wellbeing Local Considerations Human Rights Supply Chain W
Slide 6: Environment: Our Targets & Commitments
Environment: Our Targets & Commitments Circularity & Climate Change Water Security Energy Transition Air Emissions Biodiversity • Targeting Net Neutrality • Maintaining zero liquid • Transition from • PM, SOx and NOx • Promoting Circular in carbon emissions by discharge thermal to renewables emissio
Slide 7: Building a Strong Health & Safety Culture
Building a Strong Health & Safety Culture Capability Building Initiatives ZERO major incidents Safety ZERO injury • Safety Culture Survey Vision ZERO harm o JSW Safety Assurance Program (JSAP): third-party assurance done by DNV, all sites now assessed LTIFR 0.55 o AI-based Kiosk: Conversational kios
Slide 8: Targeting Net Neutral by 2050: Decarbonisation Agenda
Targeting Net Neutral by 2050: Decarbonisation Agenda Progress Update Phase-I Two Phases, Phase-II 2030 Two Milestones 2050 1.95tCO2/tcs Net Neutral in 42% from base year Carbon emissions Strategic Levers Strategic Levers Use of syngas and TGR1 in BF Energy Efficiency (Carbon Circularity) 20MW Float
Slide 9: Sustainability Initiatives & Recognitions
Sustainability Initiatives & Recognitions Product Sustainability 2026 S&P Global Sustainability Yearbook Included in S&P Global Sustainability Yearbook and earned Top 1% Emblem, awarded to just 70 companies globally. Ranked #1 among global Steel • Launched Low Emission Steel brand in FY26 with 1 mn
Slide 10: Our Commitment to Society: Impacting ~3.0mn Lives Annually
Our Commitment to Society: Impacting ~3.0mn Lives Annually Education Health Skill Development Art, Culture & Heritage Education 19,73,850 23,98,877 53,050 14 Health Consultations Projects Supported Students Benefitted Individuals Trained Water, Environment & Sports Agriculture Sanitation Waste Manag
Slide 11: Our Commitment to Society
Our Commitment to Society Education Education Health Skill Development Art, Culture & Heritage • Roof to Dream: Refurbished • Mobile Health Units: Over 4.7 • Shakti all-women BPO: • Hampi Art Labs: new-age 41 schools in Maharashtra for lakh patient consultations,12 Empowers 260 women for constellati
Slide 12: Our Commitment to Society
Our Commitment to Society Agriculture Water, Environment Waste Management Sports and Sanitation • Inspire Institute of Sports • Enhancing • Lake rejuvenation in • Project Sakhi: Upcycles (Vijayanagar): High agri-value chain: Supporting Bangalore and Gujarat: 4,000+ kg of waste plastic Performance Ce
Slide 13: Environmental Performance Dashboard
Environmental Performance Dashboard Specific Energy Consumption (Gcal/tcs) GHG Emission Intensity (tCO2/tcs) Specific Freshwater Consumption (m3/tcs) 6.38 2.45 2.45 2.49 2.50 6.04 2.44 2.41 2.37 2.40 2.36 2.36 2.39 2.37 5.66 5.68 5.71 2.35 5.55 2.33 5.48 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 FY21 FY2
Slide 14: Company Overview
Company Overview JSW Steel Company India Growth Products and Digitalisation Governance Balance Sheet Sustainability Delivering Appendix Overview Opportunity Brands Portfolio and R&D and Board and Debt Profile Growth & Value
Slide 15: JSW Group: Listed Companies
JSW Group: Listed Companies • India’s 2nd largest Private • India’s largest steel producer • Installed power generation Ports Operator & Fast with capacity of 33.4 capacity of 14.54 GW growing Logistics Platform mtpa1 • Targeting 30 GW generation • 186 mtpa ports capacity, • Growing to 50.3 mtpa1 by
Slide 16: JSW Group: Unlisted Verticals
JSW Group: Unlisted Verticals Mobility • One of India’s leading • Manufacturing SMV for the • 35% stake in JSW MG Motor integrated B2B e-commerce Indian Army and UN, and India, 2nd largest EV platforms Tomcar ATV at Chandigarh passenger vehicle seller in India • Offers building material • Partnered
Slide 17: JSW Steel: India's Leading Steel Manufacturer
JSW Steel: India’s Leading Steel Manufacturer Fastest growing Indian steel producer Healthy balance sheet and access to Generated superior shareholder returns over the past two decades diversified funding sources Sustainability & Governance Integrated Manufacturing Diversified Product Portfolio at t
Slide 18: Growth and Value Creation Track Record
Growth and Value Creation Track Record Fastest growing steelmaker in India… … delivered 22% EBITDA CAGR … CAGR (FY02-Current) 14% 39.0 JV 28.2 29.8 36.4 4.5 22.9 India Steelmaking 27.0 27.7 ₹000’s 20.1 capacity (mtpa) 18.5 31.9 cr 18.0 18.0 11.9 7.8 4.2 1.6 0.3 FY02 FY10 FY20 FY21 FY22 FY23 Current
Slide 19: Most Geographically Diversified Steel Producer in India
Most Geographically Diversified Steel Producer in India Europe India J&K JJSL1 Chandigarh Rajpura JJSL1 Sambalpur: 4.5 mtpa Bawal JJSL1 Kolkata Piombino, Italy Kalmeshwar Anjar Nashik USA Khopoli Dhenkanal2: 6.0 mtpa Vasind & Tarapur Paradeep: 5.0 mtpa Dolvi: 10 mtpa Raigarh: 0.95 mtpa Ohio: 1.5 mtp
Slide 20: India Growth Opportunity
India Growth Opportunity JSW Steel Company India Growth Products and Digitalisation Governance Balance Sheet Sustainability Delivering Appendix Overview Opportunity Brands Portfolio and R&D and Board and Debt Profile Growth & Value
Slide 21: India steel demand poised for healthy growth
India steel demand poised for healthy growth Nation-Building Phase Steel demand accelerates sharply once ASU per capita nears 100 kg • India is going through a ‘Nation-Building Phase’ with rising urbanisation and infrastructure investment 450 400 • India’s elasticity of steel demand to GDP growth ov
Slide 22: India: Strong Demand Tailwinds from Infra and Construction
India: Strong Demand Tailwinds from Infra and Construction Now Viksit Bharat by 2047 Infrastructure: National Infrastructure Pipeline of US$2.2 trn1 Policy Thrust Areas Manufacturing: Increasing share as a % of GDP from ~16% to 25% by 35% 53%3 20472; PLI scheme targeted to promote manufacturing Urba
Slide 23: India: Automotive and Energy Transition
India: Automotive and Energy Transition Low car penetration offers growth headroom India has one of the largest Renewable capacities 860 China 2,258 GW Registered PVs per 1,000 India 297 GW 612 627 US 468 GW (Jun’26) 458 Brazil 228 GW people 358 277 223 India renewable India’s FY32 target 33 50 capa
Slide 24: JSW Steel Delivering Growth & Value
JSW Steel Delivering Growth & Value JSW Steel Company India Growth Delivering Products and Digitalisation Governance Balance Sheet Sustainability Appendix Overview Opportunity Growth & Value Brands Portfolio and R&D and Board and Debt Profile
Slide 25: Strategic Priorities to Create Shared and Sustainable Value
Strategic Priorities to Create Shared and Sustainable Value Mainstreaming Strategic growth Cost leadership Enhance value- Being future ready Strong financial sustainability with efficient through resource added product through profile and credit across the capital allocation optimisation and portfol
Slide 26: JSW Steel: Growing with India
JSW Steel: Growing with India India JVs BMM Dolvi Kadapa Utkal Vijayanagar U.S.A. Growth Options in the Portfolio Acquisition • Expansion potential at Utkal for Organic 10mt 37.9 54.8 79.5 • Brownfield Green Steel at Salav • Expansion of EAF at Kadapa 1.5 16.0 • Keonjhar, Odisha and New Sites Gadchi
Slide 27: Joint Ventures with JFE Steel and POSCO
Joint Ventures with JFE Steel and POSCO JSW JFE Steel Ltd. JSW Steel and POSCO • 50:50 JV announced on 3rd Dec’25 • JV announced on 20th Apr’26 at the India-Korea Business Forum in New Delhi • BPSL Steel business transferred on slump-sale basis to JSW JFE Steel Ltd and deconsolidated from JSW Steel.
Slide 28: JSW Utkal Steel: Integrated Steel Plant
JSW Utkal Steel: Integrated Steel Plant Steel Plant approved at Paradeep, Odisha Odisha State • Phase-I of 5mtpa, expandable up to 13.2 mtpa • Phase-I plan o 5mtpa Blast Furnace o 6mtpa SMS ` Paradeep and Jatadhar Port o 6mtpa HSM, width range of 900–2,150 mm • Phase-I Capex: ₹31,600 crore Slurry pi
Slide 29: JSW Steel: Transforming Scale and Profitability
JSW Steel: Transforming Scale and Profitability India Capacity (mt) JV Capacity (mt) U.S. Capacity (mt) EBITDA (₹ cr) Share of 79.5 VASP1 25% 53% 61% 1.5 75 35000 ₹29,821cr 16.0 65 30000 62.0 55 25000 ₹18,952cr 45 37.9 20000 35 1.5 4.5 15000 ₹9,165cr 31.9 25 19.5 10000 1.5 15 18.0 5000 14.3 5 0 3 FY
Slide 30: JSW Steel: Pillars of Transformation
JSW Steel: Pillars of Transformation Raw Materials Decarbonisation Growth Product Enrichment Cost Optimisation Security and Green Steel ➢ Strategy focused on ➢ VASP target of >50% ➢ Achieved 100% self- ➢ Geographic ➢ Targeting 18mt of CO2 growth in India, ➢ VASP driving sufficiency in coke and optim
Slide 31: Strong Raw Material Linkages
Strong Raw Material Linkages Iron Ore 13 Operational Iron Ore Mines Coking Coal 25 Mines with over 1.6bnt R&R • 13 mines currently operational: Karnataka – 9 mines • Acquired MdR mine in 9 in Karnataka (~11mtpa1) and 3 Mozambique with potential for in Odisha (~15mtpa1) and 1 in Goa • c.24km conveyor
Slide 32: Products and Brands Portfolio
Products and Brands Portfolio Company India Growth JSW Steel Products and Digitalisation Governance Balance Sheet Sustainability Delivering Appendix Overview Opportunity Brands Portfolio and R&D and Board and Debt Profile Growth & Value
Slide 33: Steel Products for Diverse Applications
Steel Products for Diverse Applications Infra & Construction Consumer Durables Pipes & Tubes Key Products • HR Plates, Coils & Sheets • HRPO • CRCA • Buildings (Resi. & • High Speed Rail • Electrical Steel Commercial) • Shipbuilding Flats • Roads • Renewables • Refrigerators • Oil & Non-Oil Cans • G
Slide 34: Focus on Building Brands and Increasing Value Added Sales
Focus on Building Brands and Increasing Value Added Sales Colour Coated Super premium, colour coated coils & sheets, with a 20-year warranty Premium colour coated coils & sheets, with a 15-year warranty Superior colour coated High quality Al-Zn alloy & colour coated anti- sheets for OEM customers, c
Slide 35: Focus on Building Brands and Increasing Value Added Sales
Focus on Building Brands and Increasing Value Added Sales Galvanised and Galvalume for Roofing Solutions Galvanised Premium Al-Zn coated roofing (galvalume) sheets & coils with 7-year warranty Premium GC Premium galvalume (galvanised sheets offering Lead-free galvanised steel, corrugated) sheet corr
Slide 36: Focus on Building Brands and Increasing Value Added Sales
Focus on Building Brands and Increasing Value Added Sales Tinplate Zn-Mg-Al Coated Al-Zn Coated Tinplate coils and sheets used in Zn-Mg-Al coated galvanised steel for solar Al-Zn coated coils and sheets food and non-food packaging structures offering better protection against designed for solar stru
Slide 37: Focus on Building Brands and Increasing Value Added Sales
Focus on Building Brands and Increasing Value Added Sales Other Brands GreenPro certified TMT bars with unique rib pattern that provides best bonding with cement Steel doors & windows designed to Next-generation steel door frames overcome seasonal door jams, fire, combining strength, style, termites
Slide 38: CRGO Steel: Supporting India's Energy Transition
CRGO Steel: Supporting India’s Energy Transition Cold Rolled Grain-Oriented (CRGO) Steel is a specialised electrical steel with a highly uniform grain structure, optimised for low core loss and high magnetic permeability • Primarily used in transformers for efficient energy transmission and distribu
Slide 39: Strong Retail and Influencer Network
Strong Retail and Influencer Network Retail Footprint • Presence in ~24,000 retail stores across 1,909 towns in India 23,881 20,078 16,030 17,136 18,529 20,314 2,739 • Strong distribution channel of 2,741 798 1,356 1,953 2,499 2,820 points 21,142 17,815 17,258 o 407 distributors 16,576 15,780 15,232
Slide 40: JSW One: One-stop Digital Marketplace for Manufacturing and Construction MSMEs
JSW One: One-stop Digital Marketplace for Manufacturing and Construction MSMEs JSW One • Offers a range of industrial and building material products, logistics, and credit solutions via its tech platform. Operates through four subsidiaries: JSW One Distribution, JSW One Finance, One Helix & Buildnex
Slide 41: JSW One: One-stop Digital Marketplace for Manufacturing and Construction MSMEs
JSW One: One-stop Digital Marketplace for Manufacturing and Construction MSMEs Significant growth in Volumes & GMV in Q1 FY27 • Strong topline momentum with sustained Steel Cement Credit profitability • Balanced growth across Commerce and Credit 7,43,845 62,234 ₹1,987 Cr tonnes tonnes • Operating le
Slide 42: Digitalisation and R&D
Digitalisation and R&D JSW Steel Company India Growth Products and Digitalisation Governance Balance Sheet Sustainability Delivering Appendix Overview Opportunity Brands Portfolio and R&D and Board and Debt Profile Growth & Value
Slide 43: Digitalisation at JSW Steel
Digitalisation at JSW Steel Increased Sales Manufacturing Manufacturing Manufacturing Supply Supply Chain Chain ADDITIONAL FOCUS Cost Optimisation ANTICIPATED IMPACT Safety, Security, Governance Asset Availability Primary Primary Sustainability Finance Finance Mining Mining Focus Focus led R&D Emiss
Slide 44: Logistics Digital Transformation
Logistics Digital Transformation Project SAMPARK Project IRIS Project IMOS Unified digital system enabling faster, Central digital platform managing and Single integrated marine system digitalising safer movement of 1,400+ trucks/day tracking ~51 rakes/day from end-to-end import & export vessel work
Slide 45: R&D at JSW Steel
R&D at JSW Steel Focus Areas R&D Track Record FY20-26 New Product Development 188 patents Partnerships granted Process Innovations 202 technical papers published Energy Optimisation, CCUS Technologies Achievements in FY26 Waste Neutrality 127 new products developed of which 6 are developed first tim
Slide 46: Governance and Board
Governance and Board JSW Steel Company India Growth Products and Digitalisation Governance Balance Sheet Sustainability Delivering Appendix Overview Opportunity Brands Portfolio and R&D and Board and Debt Profile Growth & Value
Slide 47: Strong and Experienced Board
Strong and Experienced Board Savitri Jindal Sajjan Jindal Jayant Acharya Gajraj Singh Rathore Arun Maheshwari Chairperson - Emeritus Chairman and MD Joint Managing Director and CEO Chief Operating Officer Director, Commercial & Marketing Board member from 2005 to Mechanical Engineer; At JSW Steel si
Slide 48: Robust Governance, Board with Diverse Skillsets
Robust Governance, Board with Diverse Skillsets Independent Audit Independent Directors 25% Women Independent Directors and Nominations & with wide range of expertise, Directors heading all major board Remunerations committees backgrounds and experience committees Statutory auditor Designated Lead 5
Slide 49: Balance Sheet and Debt Profile
Balance Sheet and Debt Profile JSW Steel Company India Growth Products and Digitalisation Governance Balance Sheet Sustainability Delivering Appendix Overview Opportunity Brands Portfolio and R&D and Board and Debt Profile Growth & Value
Slide 50: Strong Financial Growth driven by Prudent Capital Allocation
Strong Financial Growth driven by Prudent Capital Allocation Strong track record of Volume growth… … resulting in healthy Revenue growth (₹000’s Cr) 16.69 16.06 15.15 19.51 24.16 26.43 27.792 30.143 185.5 176.0 167.0 168.1 29.633 147.9 26.452 24.78 22.39 18.18 85.0 14.90 73.9 80.4 15.60 15.08 FY19 F
Slide 51: Track Record of Delivering Strong Shareholder Returns
Track Record of Delivering Strong Shareholder Returns ROCE Consistent Dividends (₹/share) 20.0 29.8% 15.0 19.6% 19.5% 10.0 13.1% 7.1 16.4% 10.8% 14.8% 5.0 9.6% 7.6% 8.2% 0.0 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Market
Slide 52: Strong Credit Ratings and Diversified Funding
Strong Credit Ratings and Diversified Funding Net Gearing (ND1/Equity) within Leverage (ND1/EBITDA) within the stated cap of 1.25x the stated cap of 3.00x Moody’s International Baa3 (Stable) 3.75x Fitch BB+ (Positive Outlook) 1.75x 3.34x A- (Stable Outlook) JCR and R&I 1.15x 1.25x 2.56x 3.13x 2.58x
Slide 53: Appendix
Appendix JSW Steel Company India Growth Products and Digitalisation Governance Balance Sheet Appendix Sustainability Delivering Overview Opportunity Brands Portfolio and R&D and Board and Debt Profile Growth & Value
Slide 54: Proven Track Record of Organic and Inorganic Growth
Proven Track Record of Organic and Inorganic Growth 2002-2005 2006 2007 2009 2010 2011-2012 Capacity expanded • Capacity increased • Capacity • 3.5 mtpa (HSM-2) • 49.3% stake in • • Capacity from 1.6 mtpa to 2.5 to 4.8 mtpa increased to • JSW-JFE strategic Ispat industries increased to mtpa • 1.0 mt
Slide 55: Proven Track Record of JVs and Partnerships
Proven Track Record of JVs and Partnerships JFE Steel JSW Severfield Structures JSW MI • JFE acquired 14.99% stake in JSW Steel in • 50:50 JV with Severfield Plc, the largest • 50:50 JV with Marubeni Itochu Steel since 2010, one of the largest FDI in Metals & Mining steel fabricator in UK, since 200
Slide 56: Plant-wise Steel Capacity
Plant-wise Steel Capacity In million metric tonnes per annum Approved Plant Current FY30 Expansion Vijayanagar 19.5 5.0 24.5 Dolvi 10.0 5.0 15.0 Salem 1.2 - 1.2 Raigarh 0.95 - 0.95 Raipur 0.25 - 0.25 Kadapa - 1.0 1.0 BMM Ispat Acquisition - 0.91 0.9 JSW Utkal - Paradeep - 5.0 5.0 Consolidated India
Slide 57: Q1 FY27 Production & Sales
Q1 FY27 Production & Sales In million metric tonnes Particulars Crude Steel Production Sales Q1 FY26 Q1 FY26 Q1 FY27 Q1 FY26 PF YoY Q1 FY27 Q1 FY26 PF YoY Reported Reported Consolidated India Operations 6.35 6.14 3% 7.02 6.02 5.78 4% 6.43 USA – Ohio Operations 0.24 0.24 -3% 0.24 0.23 0.26 -9% 0.26 J
Slide 58: Awards and Recognitions
Awards and Recognitions Ranked #1 in global steel in Steel Sustainability CDP’s Supplier Retained in the S&P Global CSA and a DJSI Champion for the 8th Engagement Assessment FTSE4Good Index constituent; included in S&P (SEA) A-list for 2024 Series with an Global Sustainability Yearbook consecutive y
Slide 59: Our Steel is Helping Build Key Infrastructure in India
Our Steel is Helping Build Key Infrastructure in India Rail Pipelines Metro Infra Renewables Nuclear High Speed Rail Water Pipelines 55 km Metro Expressways and 2.0 GW Solar 795 MW Nuclear 70km (Mumbai- 1,722 km Projects Highways 889 km Projects Power Plants Ahmedabad Bullet (Mumbai, Delhi, Roads &
Slide 60: Investor Relations Contact
Investor Relations Contact: ir.jswsteel@jsw.in Pipe Conveyor in Vijayanagar JSW Steel Investor Presentation: August 2026 /