Jindal Stainless Limited · NSE:JSL

Jindal Stainless — Investor Presentation (May 2024)

51 slides from Jindal Stainless's investor presentation, May 22, 2024

Slide 1: Regulation 30 intimation cover letter to exchanges
22nd May, 2024 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 – 400 001 Mumbai-400051 Ph. 022
Slide 2: Corporate Presentation May 2024
CORPORATE PRESENTATION MAY 2024
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 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 ~₹ 384bn ~₹ 40bn 0.2x Revenue (Net)* EBITDA* Net Debt/Equity* 50+ >120 grades > 21,000 Exports to countries Diversified High End Manpower (incl. contr
Slide 7: Diverse Product Portfolio Redefining Possibilities
Diverse Product Portfolio Redefining Possibilities Unleashing the spectrum of stainless steel solutions SMS CRAP 3,000,000 1,450,000 HSM (including JUSL) Special Product Division 3,920,000 94,000 Narrow Tandem Mill Ferro Alloy 250,000 384,675 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 – 2.2 MTPA Capacity - 0.8 MTPA Million Tonnes per Annum 7
Slide 9: Sector Dynamics & Diversified Applications
SECTOR DYNAMICS & DIVERSIFIED APPLICATIONS 8
Slide 10: 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 11: 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 12: 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 13: 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 12
Slide 14: Diversified Consumption Pattern
Diversified Consumption Pattern Evolution in Sectoral growth Stainless Steel Stainless Steel EBITDA per tonne variance 2% 20% 19% 2023 1998 43% 9% 80% 27% Consumer durable Others ABC ART Process Consumer Durables Other 1.5 JSL Carbon Steel 3% 6% 5% 0.8 0.5 19% 27% 0.8 15% 12% 62% 31% 20% FY16 FY17 F
Slide 15: 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 16: 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 17: Project – FOB – Naupada – East Coast Railway
PROJECT – FOB – Naupada – East Coast Railway Application All load Bearing Members including Girders, Columns, Cross Beams etc. 16
Slide 18: Project – Himalaya FOB – CSMT, BMC, Mumbai
PROJECT – HIMALAYA FOB – CSMT, BMC, Mumbai Application All load Bearing Members including Girders, Columns, Cross Beams etc. 17
Slide 19: Project – ROB – Kalyan Shilphata – Kalyan Patripool
PROJECT – ROB – Kalyan Shilphata – Kalyan Patripool - MSRDC Application Foundations of Bridges, Columns etc. 18
Slide 20: 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 21: 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 22: Core Strengths
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Slide 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: 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 30: 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 31: ESG
ESG 30
Slide 32: 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 Electric Arc Majority Recycled material Zero L
Slide 33: 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 PARIVARTAN 4.5 Lakh+ Continuous safety E-learning modules for workers a high potential dev
Slide 34: 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 35: Renewable Energy and 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 36: Financials
FINANCIALS 35
Slide 37: JSL's Stellar Performance
JSL’s Stellar Performance Sales Volume (‘000) Revenue (Rs. Cr) 2,174 35,030 38,356 1,671 1,746 32,292 1,338 19,081 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 EBITDA (Rs. Cr) PAT (Rs. Cr) 2,790 2,531 3,000 2,014 2,500 4,720 3,567 4,036 2,000 2,337 1,500 1,000 897 500 1 - FY21 FY22 FY23 FY24 FY21 FY22 FY
Slide 38: 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 0.6 2.9 3.4 3.2 1.4 1.4 0.9 0.5 0.3 0.2 0.2 11,185 11,145 8,483 6,585 5,366 4,711 3,135 3,179 2,591 2,418 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 F
Slide 39: Financial Metrics
Financial Metrics Cultivating value through streamlined operations and improved financial performance 1.3 13,700 11,456 9,446 0.7 34% 6,549 0.7 0.6 0.5 20% 20% 15% 3,135 3,179 0.3 0.2 2,591 2,418 0.2 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Net Debt (Rs. Cr) Net Worth (Rs. Cr.) Ne
Slide 40: Growth Roadmap
Growth Roadmap Strategic Expansion Plan - Upstream and Downstream Augmentation Three-pronged investment strategy -INR 5,400 crores to achieve global leadership in stainless steel • Chromeni acquisition (54%) Melt Capacity Z 1,340 Cr 0.6 MTPA Cold Rolling in Gujarat 3MTPA 4.2MTPA Downstream Balancing
Slide 41: Noteworthy Acquisition
Noteworthy Acquisition Significant progress and milestones in JSL's journey JUSL Stake in NPI Facility Rathi Super Steel Ltd Rabirun Vinimay Pvt Ltd Integrating the Enhancing Product Diversification Product Diversification Operations Raw Material Security In November 2022, Jindal JUSL acquisition co
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 OCT 23 TERM LOAN AA/STABLE APR 23 TERM LOAN AA-/POSITIVE JAN 22 TERM LOAN AA-/STABLE MAY 21 TERM LOAN A+ STABLE JAN 21 RATINGS 6 NOTCHES HIGHER TERM LOAN BBB+/ STABLE JAN 20 TERM LOAN BBB/ STABLE 42
Slide 44: 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 45: Contact Us
Contact Us India’s leading stainless steel manufacturer, Jindal Stainless, has an annual turnover of ~INR 386 bn (US $4.7 billion) in FY24, and is ramping up its facilities to reach 4.2 million tonnes of annual melt capacity. It has seven stainless steel manufacturing and processing facilities in In
Slide 48: JUSL Snapshot
JUSL Snapshot EBITDA (Cr.) Interest cost (Cr.) PAT (Cr.) Net Debt (Cr.) 236 316 781 2,030 712 258 1,956 590 213 1,450 148 204 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 FY22 FY23 FY24 Standalone financials 47
Slide 49: 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 50: Shareholding Pattern
Shareholding Pattern Floating Stock (%) Promoters Fll 60.5% 20.8% Others 39.5% Retail & Others Dll 12.1% 6.6% Copyright © 2023 | All Rights Reserved | Privacy Policy 49 Note: Period ending March 31, 2024
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Jindal Stainless — Investor Presentation (May 2024) on 6ix

Jindal Stainless — Investor Presentation (May 2024)

Slide 1: Regulation 30 intimation cover letter to exchanges

Slide 2: Corporate Presentation May 2024

Slide 3: Disclaimer

Slide 4: Content

Slide 5: Overview

Slide 6: Jindal Stainless Leader in Specialized Products

Slide 7: Diverse Product Portfolio Redefining Possibilities

Slide 8: Ingenuity Meets Manufacturing Excellence

Slide 9: Sector Dynamics & Diversified Applications

Slide 10: Stainless Steel at the Vanguard

Slide 11: Stainless Steel's Shining Surge

Slide 12: JSL Shaping the Global Landscape

Slide 13: Extensive Product Portfolio

Slide 14: Diversified Consumption Pattern

Slide 15: Charting New Territories in Consumption

Slide 16: Charting New Territories in Consumption

Slide 17: Project – FOB – Naupada – East Coast Railway

Slide 18: Project – Himalaya FOB – CSMT, BMC, Mumbai

Slide 19: Project – ROB – Kalyan Shilphata – Kalyan Patripool

Slide 20: India Growth & Infrastructure Push - Driving Demand

Slide 21: Government Notifications

Slide 22: Core Strengths

Slide 23: Solution Provider

Slide 24: Reaching New Horizons with our Presence

Slide 25: Nurturing Expertise & Brand Excellence

Slide 26: The Stainless Academy Redefining Stainless Power

Slide 27: Empowering Our Nation: Safeguarding Security and Driving Growth

Slide 28: Harnessing Technology for Customer Experience

Slide 29: Fueling Innovation and Advancement through R&D

Slide 30: Structural Changes

Slide 31: ESG

Slide 32: JSL's Commitment to Environmental Responsibility

Slide 33: Promoting Social Welfare & Enriching Communities

Slide 34: Leading with Integrity and Responsibility

Slide 35: Renewable Energy and Green Hydrogen

Slide 36: Financials

Slide 37: JSL's Stellar Performance

Slide 38: Strengthening Financial Position

Slide 39: Financial Metrics

Slide 40: Growth Roadmap

Slide 41: Noteworthy Acquisition

Slide 42: Strategic Capital Allocation for Sustainable Growth

Slide 43: Journey to Superior Ratings

Slide 44: Leading the Way

Slide 45: Contact Us

Slide 46: Thank You

Slide 47: Annexures

Slide 48: JUSL Snapshot

Slide 49: Accolades of Distinction

Slide 50: Shareholding Pattern

Slide 51: Slide 51