Jindal Steel Limited · NSE:JINDALSTEL
Jindal Steel — Jindal Steel & Power — Q3 FY2021 Earnings Presentation
33 slides from Jindal Steel's earnings presentation, Jan 21, 2021
Slide 1: Exchange filing cover letter - Investor Presentation
January 21, 2021 JINDA STEEL & POWER BSE Limited Corporate Relationship Department, 1s Floor, New Trading Ring, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai - 400 001 corp.relations@bseindia.com Scrip Code : 532286 _ National Stock Exchange of India Limited Exchange Plaza, 5‘ Floor, Plot
Slide 2: Q3 FY'21 Industry Update & Key Performance Highlights
Q3 FY’21 Industry Update & Key Performance Highlights 21st January, 2021
Slide 3: Forward looking statements disclaimer
This presentation may contain certain forward looking statements concerning Steel & power sector , Economy and JSPL’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forwa
Slide 4: Q3 FY'21 Highlights
Q3 FY’21 HIGHLIGHTS INDUSTRY UPDATE COMPANY UPDATE
Slide 5: Revenue & EBITDA in FY20
REVENUE & EBITDA IN FY20 (Figures in Rs. Crores) REVENUE (Rs. In Cr) Standalone Consolidated 39,388 36,944 27,844 22,706 18,350 19,943 20,070 19,626 18,632 27,730 26,228 17,523 15,114 14,691 13,687 15,502 13,518 12,852 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 EBIDTA (Rs. In Cr) (Figures
Slide 6: JSPL Consolidated Debt Bridge - Q3FY21
JSPL CONSOLIDATED DEBT BRIDGE- Q3FY21* 30000 1339 28000 62 1887 26000 28910 24000 25621 22000 20000 Net Debt as on 30th Sep20 Debt reduction Fx Impact Addition in Cash & Cash Net Debt as on 31st Dec'20 Equivalents *Provisional numbers
Slide 7: Q3 FY'21 Industry Update
Q3 FY’21 INDUSTRY UPDATE HIGHLIGHTS COMPANY UPDATE
Slide 8: Stronger Recovery - with better times ahead
Stronger Recovery-with better times ahead RBI projects India’s GDP growth to turn positive from Q3 Bank Loan Growth (y-o-y) 4.1% 3.1% 0.1% 0.7% Q3 Q4 Q1 Q2 Q3 Q4 FY20 FY20 FY21 FY21 FY21('e) FY21 (e) -9.8% -23.9% FY 21(e) : (7.5)% H1 FY22 (e) : 7 to 22% Manufacturing PMI continues to be in expansion
Slide 9: Iron Ore Prices Surged Exponentially
Iron Ore Prices Surged Exponentially Iron Ore Price Odisha Index Fe63% (Rs./Ton) 6350 4300 3750 3100 2550 2500 2250 2350 1950 1950 1900 1900 2050 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Iron Ore prices firmed up due to healthy buying from China ($/M
Slide 10: IEX Clearing Price Trend
IEX CLEARING PRICE TREND 6.30 RTC Power Exchange Prices – W3 Region (Rs./kWh) 5.73 5.30 4.69 4.57 FY 15-16 4.30 3.97 FY 16-17 3.68 FY 17-18 3.58 4.02 3.45 FY 18-19 3.33 3.68 3.68 3.30 3.33 3.05 FY 19-20 3.30 3.06 3.38 3.32 3.06 3.19 FY 20-21 3.33 3.32 3.22 3.19 3.20 2.83 3.04 2.73 2.73 2.57 2.73 2.9
Slide 11: Installed Capacity in India as on 30th Nov 2020
Installed Capacity in India as on 30th Nov 2020 is 374 GW vis-à-vis 365 GW as on 30th Nov 2019 206 204 46 45 38 37 37 25 25 32 22 22 Coal Hydro Wind Gas Solar Others Installed Capacity GW (Nov 20) Installed Capacity GW (Nov 19) Source: CEA
Slide 12: Q3 FY'21 Highlights
Q3 FY’21 HIGHLIGHTS INDUSTRY UPDATE COMPANY UPDATE
Slide 13: Business Segments
BUSINESS SEGMENTS STEEL POWER GLOBAL VENTURES Current Capacities – Domestic & Global 8.6 MTPA Steel IPP – 3400MW Coal & Iron Ore 3.11 MTPA Iron ore CPP – 1634 MW Mines 9 MTPA Pellet Plant
Slide 14: Steel Capacities Across Life Cycle
STEEL CAPACITIES ACROSS LIFE CYCLE IRON MAKING LIQUID STEEL FINISHED STEEL (8.45 MTPA) (8.60 MTPA) (6.55 MTPA) WRM 0.60 MTPA DRI 3.12 MTPAin deail Capacity (Wire Rod Mill) (Direct Reduced Iron) Rail Mill 0.75 MTPA SMS 8.60 MTPA (Steel Melting Shop) BSM 0.60 MTPA (Beam & Structure Mill) BF 5.33 MTPA
Slide 15: Detailed Plant Wise Capacities
DETAILED PLANT WISE CAPACITIES Raigarh Angul Barbil Patratu JPL Mining (Chhattisgarh) (Odisha) (Odisha) (Jharkhand) BF 2.125 CGP 225,000 MTPA Nm3/Hr DRI 1.32 MTPA BF 3.2 MTPA WRM Capacity in deail 0.60 SMS 3.6MTPA DRI 1.8 MTPA MTPA Iron Plate Mill 1.00 SMS 2.5 MTPA Pellet Tamnar Ore MTPA Plant 3400
Slide 16: Manifold Growth in Capacity in Last 6 Years
MANIFOLD GROWTH IN CAPACITY IN LAST 6 YEARS FY ‘14 FY ‘20 STEEL - INDIA 3 MTPA 8.6 MTPA ~2.86x POWER 1,000 MW 3400 MW 3.4x PELLET 4.5 MTPA 9 MTPA ~2x All major capex completed – scale of growth is approx. Three Times
Slide 17: Growth on Track
GROWTH ON TRACK PRODUCTION IN FY19 PRODUCTION IN FY20 GROWTH STEEL – INDIA* 5.59 MT 6.30 MT 13% ROM- MOZAMBIQUE 1.71 MT 2.50 MT 47% (COKING COAL) PELLET 7.08 MTPA 7.28 MTPA 3% ROM-SOUTH AFRICA (ANTHRACITE COAL) 0.34 MT 0.43 MT 27% *incl. Pig Iron ;
Slide 18: JSPL Standalone Key Financials
JSPL STANDALONE KEY FINANCIALS (Rs. In Crores) Q2 FY 21 Q3 FY 21 PARAMETER Q3 FY 21 Q3 FY 20 8,667 9,906 Gross Revenue* 9,906 7,542 7,859 8,738 Net Revenue 8,738 6,640 2,435 3,908 EBITDA 3,908 1,352 568 566 Depreciation + Amortization 566 570 554 529 Interest 529 634 1,325 2,815 PBT (Before Exceptio
Slide 19: JSPL - Power Capacities
JSPL - POWER CAPACITIES Independent Power Projects (IPP) CAPACITY CONFIGURA PROJECT FUEL STATUS (MW) TION TAMNAR 1 1,000 Coal 4x250 MW Operational TAMNAR 2 2,400 Coal 4x600 MW Operational Captive power projects (within JSPL) Raigarh CAPACITY PROJECT FUEL CONFIGURATION STATUS Tamnar (MW) Angul DCPP,
Slide 20: Jindal Power Limited
JINDAL POWER LIMITED 96.43% subsidiary of JSPL EUP -I EUP -II EUP -III 1000MW (4 X 250) 1200MW (2 X 600) 1200MW (2 X 600)
Slide 21: PPA Arrangements
PPA ARRANGEMENTS PERIOD QUANTUM PROJECT BUYER TYPE FROM TO (MW) TAMNAR II Tamil Nadu Long Term Feb-14 Sep-28 400 (PHASE 1) TAMNAR II Long Term Jun-16 May-41 200 (PHASE 1) KSEB TAMNAR II Long Term Oct-17 Sep-42 150 (PHASE 1) TAMNAR II Long Term Throughout commercial 60 (PHASE 1) Chhattisgarh operatio
Slide 22: JPL Key Financials
JPL KEY FINANCIALS (Rs. In Crores) Q2 FY 21 Q3 FY 21 PARAMETER Q3 FY 21 Q3 FY 20 990 1,393 Turnover 1,393 784 302 303 EBITDA * 303 257 260 260 Depreciation + Amortization 260 292 209 197 Interest 197 219 (58) (46) PBT (46) (111) (1) (33) PAT (33) (83) 317 366 Cash Profit 366 182 2,744 4,180 Generati
Slide 23: Key Contractual Arrangements for JPL
KEY CONTRACTUAL ARRANGEMENTS FOR JPL TAMNAR-I, 1,000 MW (EUP I) TAMNAR-II - 1,200 MW (EUP II) TAMNAR-II - 1,200 MW (EUP III) Long term linkage from Coal sourced through – Coal sourced through – Mahanadi Coal Limited FSA market purchase and e- market purchase and e- (MCL) and South Eastern auct
Slide 24: Summary of International Operations
SUMMARY OF INTERNATIONAL OPERATIONS MOZAMBIQUE, AFRICA 5 MTPA coal mine in Mozambique’s coal-rich Moatize region SOUTH AFRICA, AFRICA AUSTRALIA JSPL’s Kiepersol Colliery produces Anthracite coal, Wollongong Coal Ltd which sold domestically and internationally. comprises of two coking coal mine
Slide 25: Holding Structure for Global Operations
HOLDING STRUCTURE FOR GLOBAL OPERATIONS Jindal Steel & Power Ltd Listed Operating Entity in India Jindal Steel & Power (Mauritius) Ltd Holding company for overseas business Australia South Africa Mozambique Coking Coal Anthracite Coal Thermal/ Coking Coal
Slide 26: JSPL Consolidated Key Financials
JSPL CONSOLIDATED KEY FINANCIALS (Rs. In Crores) Q2 FY 21 Q3 FY 21 PARAMETER Q3 FY 21 Q3FY 20 9,804 11,704 Gross Revenue* 11,704 8,430 8,990 10,534 Net Revenue 10,534 7,526 2,702 4,252 EBITDA 4,252 1,574 873 869 Depreciation + Amortization 869 906 798 728 Interest 728 909 1,179 3,020 PBT (Before Exc
Slide 27: COVID Response: JSPL Remains Committed to Serve the Nation
COVID 19 RESPONSE: JSPL REMAINS COMMITTED TO SERVE THE NATION
Slide 28: Key Customers & Adding...
SIMPLEX ARASTALCTURES 70 ise se0ect SC sarevat (Q) NALCO A Navratna Company KEY CUSTOMERS & ADDING... ce UF iene ny M017 as Indiabulls Power Limited Upeneae- Taba JAYPEE 2. a PS.MSE.. Indiabulls npal” RELIANCE LANECO @&) Punj vtoya A BANSAL INFRATECH 18 MB SYNERGIES INDIE MD HUFL VHA TOTTI MAH ARASH
Slide 29: Odisha
ODISHA INTEGRATED STEEL PLANT , ANGUL PELLET PLANT, BARBIL
Slide 30: Chhattisgarh
CHHATTISGARH INTEGRATED STEEL PLANT,RAIGARH STEEL FABRICATION PLANT, PUNJIPATRA HEAVY MACHINERY DIVISION, RAIPUR TAMNAR,3400 MW POWER PLANT
Slide 31: Jharkhand
Tl JHARKHAND STEEL & POWER WRM & BRM, PATRATU
Slide 32: For any information please contact
For any information please contact: - Mr. Nishant Baranwal – Head, Investor Relations Tel : +91 11-41462198 Mobile:+91 8800690255 Email: - nishant.baranwal@jindalsteel.com Mr. Rajesh Lachhani –GM, Investor Relations) Tel: +91-124-6612036 Mobile: +91 9742947821 Email: rajesh.lachhani@jindalsteel.com
Slide 33: Thank You!
To the Taskforce guarding INDIA against the Corona Virus Pandemic Thank You !
Jindal Steel & Power — Q3 FY2021 Earnings Presentation on 6ix