Steel Authority Of India Limited · NSE:SAIL
Steel Authority Of India — Q4 FY2024 Earnings Presentation
30 slides from Steel Authority Of India's earnings presentation, May 21, 2024
Slide 1: Steel Authority of India Limited Results Presentation for Q4 & FY'24
STEEL AUTHORITY OF INDIA LIMITED RESULTS PRESENTATION FOR Q4 & FY’24
Slide 2: Snapshot FY'24
SNAPSHOT FY’24 Mining Iron Ore: 34.339 MT Limestone: 1.533 MT Dolomite: 0.485 MT Production Hot Metal: 20.496 MT Crude Steel: 19.240 MT Saleable Steel: 18.437 MT Sales & Marketing Pan-India network of more than 5100 Domestic Sales: 16.698 MT Exports: 0.326 MT distributors and dealers Financials Turn
Slide 3: Sustainable Operations
STEEL AUTHORITY OF INDIA LIMITED Sustainable Operations
Slide 4: Sustainable Operations
SUSTAINABLE OPERATIONS Waste Application of 4Rs (Reduce, Reuse, Recycle, Recover) Management R&D Project for development of steel slag based cost effective eco-friendly fertilizers for sustainable agriculture and inclusive growth through ICAR-Indian Agricultural Research Institute. Solid Liquid Reso
Slide 5: Securing Future
SECURING FUTURE Water Committed to achievement of long term goal of “Zero Liquid Discharge”. Conservation Actions being taken for treatment and recycling of effluent being discharged through the outfalls at the Plant boundary. Energy Set up 3.5 MW Solar Power Plants/Units at different locations. Ano
Slide 6: Touching Lives
TOUCHING LIVES…. Key Activites Basic and specialised healthcare to more than a million lives annually. 3% 8% 2% 23% Drinking Water facility to more than 50 lakh people. 9% More than 80 lakh people connected to mainstream by Total CSR construction of roads spends since Quality education to almost 500
Slide 7: Manpower
MANPOWER LABOUR PRODUCTIVITY (tcs/man/year) 579 QUARTERLY ANNUAL 521 461 625 570 521 400 396 389 344 320 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Q4 FY 23 Q3 FY 24 Q4 FY 24 Improvement of 81% over FY17 MANPOWER Particulars 01.04.2023 01.01.2024 01.04.2024 Manpower on date 59186 56873 55989 Reduction
Slide 8: Global Economic & Steel Scenario
STEEL AUTHORITY OF INDIA LIMITED Global Economic & Steel Scenario
Slide 9: World Economic Scenario
WORLD ECONOMIC SCENARIO 6.6 6.0 Growth Rates ( in %) 5.2 4.8 4.1 4.5 4.3 4.2 4.2 3.8 3.6 3.7 3.5 3.2 3.2 3.2 2.8 2.6 2.4 2.2 1.7 1.6 1.7 1.8 World Advanced Economies -2.0 Recovery Post 1st Fighting Inflation, Slowdown in Emerging & Developing Economies -3.1 Phase of COVID19 Advanced Economies and Ru
Slide 10: World Steel Scenario
WORLD STEEL SCENARIO Crude Steel Production (MT) 1962 1828 1879 1884 1890 1892 1732 1065 1035 1019 1019 995 871 929 899 883 927 871 873 861 819 2017 2018 2019 2020 2021 2022 2023 World China RoW Steel continued its march in the post-covid era with revival of economic activities and infra-spendings g
Slide 11: World Steel Scenario
WORLD STEEL SCENARIO SOURCE: World Steel Association (WSA) Apparent Steel Consumption (MT) Short Range Outlook, Apr’24: • Global steel demand is expected to increase by 1.7% in 1779 1788 1839 1783 1793 1815 2024 (lower than 1.9% projected in Oct’23) and 1.2% in 1714 1763 1638 2025. • Demand growth i
Slide 12: International Price Trends
INTERNATIONAL PRICE TRENDS 700 250 Coal FOB Australia (USD/t) Iron Ore CFR China (USD/t) 600 200 500 HCC PCI Lumps Fines Australia Origin Fines Brazil Origin 400 150 300 100 200 50 100 0 0 800 Hot Rolled (USD/t) 900 Cold Rolled (USD/t) 700 800 600 700 600 500 500 400 400 300 300 200 200 FOB Black Se
Slide 13: Domestic Economic & Steel Scenario
STEEL AUTHORITY OF INDIA LIMITED Domestic Economic & Steel Scenario
Slide 14: Indian Economic Scenario
INDIAN ECONOMIC SCENARIO GDP Growth % at Constant (2011-12) Prices SOURCE: MOSPI, GOI 9.7 8.3 6.8 6.5 7.0 7.6 Quarterly GDP 12.8 3.9 8.2 8.1 8.4 6.2 5.5 4.3 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 -5.8 COVID19 Pandemic s
Slide 15: Indian Economic Scenario
INDIAN ECONOMIC SCENARIO SOURCE: MOSPI, GOI 250.0 IIP Growth % at Constant (2011-12) Prices 200.0 150.0 100.0 Primary Goods Capital Goods Intermediate Goods Infrastructure Goods 50.0 Consumer Durables Consumer Non-Durables 0.0 Apr'23 May'23 Jun'23 Jul'23 Aug'23 Sept'23 Oct'23 Nov'23 Dec'23 Jan'24 Fe
Slide 16: Indian Steel Scenario
INDIAN STEEL SCENARIO Crude Steel Production (mtpa) 160 .0 13.2 144.0 14 140 .0 127.2 120.0 12 110.9 109.1 120 .0 97.9 103.1 103.5 10 100 .0 8 80. 0 6 60. 0 4 40. 0 2 20. 0 0.0 0 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'24 Finished Steel Consumption (mtpa) 16 160 .0 140 .0 13.6 136.3 14 119.9 12
Slide 17: Domestic Price Trend
DOMESTIC PRICE TREND 20 60 All figures in Rs. thousand Thousands Fines/Lumps/Pellets Thousands Semis/Ingot 50 15 40 10 30 20 Billets Ex-Raipur Ingot DAP-Mandi 5 Lumps 63% Fe, Odisha Index 10 Fines 63% Fe, Odisha Index Pellets 63% Fe, Exw-Raipur 0 0 80 Flats 80 Longs Thousands Thousands 70 70 60 60 5
Slide 18: Operational Performance
STEEL AUTHORITY OF INDIA LIMITED Operational Performance
Slide 19: Production Performance
PRODUCTION PERFORMANCE All figures In Million Tonne 19.2 18.3 17.4 16.3 16.2 14.5 15.0 15.2 CRUDE STEEL 4.95 4.75 5.02 PRODUCTION Q4 FY23 Q3 FY24 Q4 FY24 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Annual Quarterly 18.4 16.9 17.2 SALEABLE 13.9 14.1 15.1 15.1 14.6 4.70 4.72 4.55 STEEL PRODUCTION
Slide 20: Production Performance: FY'24 Product Mix
PRODUCTION PERFORMANCE : FY’24 SAIL 14.3% PRODUCT MIX : 51.1% 5 ISPs 34.6% 24.8% 60.7% 14.5% BSP 49.5% 50.5% DSP Flats RSP 100.0% Longs Semis 97.0% 3.0% BSL 71.9% 28.1% ISP
Slide 21: Production Performance: FY'24
PRODUCTION PERFORMANCE : FY’24 BOF 1.4% 0.8% Ingot Route EAF CC Route CRUDE STEEL PRODUCTION BY PROCESS 98.6% 99.2% SALEABLE STEEL Commodity 47.4% PRODUCTION 52.6% BY PROCESS Value Added
Slide 22: Techno-Economic Parameters
TECHNO-ECONOMIC PARAMETERS Coke Rate: kg/thm CDI Rate: kg/thm 106 473 97 456 457 85 453 76 76 78 448 70 445 444 60 440 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Reduction of 7% over FY17 Increase of 77% over FY17 Specific Energy Consumption: GCal
Slide 23: Sales Performance
SALES PERFORMANCE Annual All figures In Million Tonne 17.0 16.2 16.2 14.9 13.1 14.1 14.1 14.2 Quarterly 4.7 4.6 3.8 Q4 FY23 Q3 FY24 Q4 FY24 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Sectoral Breakup CMO Home Sales - Product Mix Plant Sales Galvanized Semis Structurals 2% Products 8% 9% 1% CR C
Slide 24: Financial Performance
STEEL AUTHORITY OF INDIA LIMITED Financial Performance
Slide 25: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore FY 23 FY 24 Q4 FY 23 Q3 FY 24 Q4 FY 24 (INDAS Compliant figures) Sales Turnover 103729 104545 28947 23148 27744 Total Income 105802 106523 29618 23524 28311 EBITDA 9379 12280 3401 2319 3829 Depreciation 4963 5277 1364 1321 1356 Finance Cost 2037 2474 517 614 642 PBT B
Slide 26: Financial Performance
FINANCIAL PERFORMANCE 22364 Profitability Trend EBITDA PBT PAT (Rs. crore) 16039 13740 12015 12280 11184 10283 9379 6879 5184 3338 3171 3850 3688 2179 2022 26371903 2733 672 -759 -482 -2833 -4851 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 EBITDA Movement 7003 (Rs. crore) 309 1753 1190 236 7118
Slide 27: Financial Performance
FINANCIAL PERFORMANCE Quarterly Performance (Rs. crore) EBITDA PBT PAT 3829 3401 2319 1480 1329 1049 1011 461 331 Q4 FY 23 Q3 FY 24 Q4 FY 24 EBITDA Quarterly Movement (Rs. crore) 461 1195 76 903 154 32 1326 157 567 1116 894 3829 3401 545 3829 2319
Slide 28: Financial Performance
FINANCIAL PERFORMANCE Borrowings (Non Ind AS) Net Worth 35350 52276 53258 53499 54131 52017 52139 29414 28127 30593 43495 25662 25490 13386 Mar'21 Mar'22 Mar'23 Jun'23 Sept'23 Dec'23 Mar'24 Mar'21 Mar'22 Mar'23 Jun'23 Sept'23 Dec'23 Mar'24 Quarterly Interest Debt-equity (times) 0.81 (Non Ind AS) 638
Slide 29: 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 30: 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
Steel Authority of India — Q4 FY2024 Earnings Presentation on 6ix