Steel Authority Of India Limited · NSE:SAIL
Steel Authority Of India — Q3 FY2024 Earnings Presentation
30 slides from Steel Authority Of India's earnings presentation, Feb 14, 2024
Slide 1: Results Presentation for Q3 & 9M FY'24
STEEL AUTHORITY OF INDIA LIMITED RESULTS PRESENTATION FOR Q3 & 9M FY’24
Slide 2: Snapshot FY'24
SNAPSHOT FY’24 Mining Iron Ore: 25.400 MT Limestone: 1.126 MT Dolomite: 0.407 MT Production Hot Metal: 15.153 MT Crude Steel: 14.223 MT Saleable Steel: 13.718 MT Sales & Marketing Pan-India network of more than 4900 Domestic Sales: 12.182 MT Exports: 0.281 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: Manpower
MANPOWER LABOUR PRODUCTIVITY (tcs/man/year) 565 QUARTERLY ANNUAL 521 571 570 461 532 400 396 389 344 320 FY17 FY18 FY19 FY20 FY21 FY22 FY23 9M FY24 Q3 FY 23 Q2 FY 24 Q3 FY 24 Improvement of 77% over FY17 MANPOWER Particulars 01.04.2023 01.10.2023 01.01.2024 Manpower on date 59186 57512 56873 Reducti
Slide 7: Touching Lives
TOUCHING LIVES…. Key Activites Basic and specialised healthcare to more than a million lives annually. 2% 10% 21% 2% 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 50
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 4.1 4.1 4.2 3.8 3.6 3.7 3.5 3.1 3.1 3.2 2.8 2.6 2.4 2.2 1.7 1.6 1.8 1.5 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 1877 1882 1885 1850 1732 1065 1035 1018 1019 995 871 929 899 882 927 867 861 817 831 2017 2018 2019 2020 2021 2022 2023 World China RoW Steel continued its march post 1st wave of covid with revival of economic activities and infra-spendings
Slide 11: World Steel Scenario
WORLD STEEL SCENARIO SOURCE: World Steel Association (WSA) Apparent Steel Consumption (MT) Short Range Outlook, Oct’23: • Global steel demand is expected to increase by 1.8% in 1779 1788 1839 1783 1815 1849 2023 (lower than 2.3% projected in Apr’23) and 1.9% 1638 1714 in 2024 (higher than 1.7% proje
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 9.1 8.2 7.0 7.2 7.3 Quarterly GDP 6.1 13.1 4.0 7.8 7.6 6.2 6.1 4.5 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 -6.6 COVID19 Pandemic saw the GDP o
Slide 15: Indian Economic Scenario
INDIAN ECONOMIC SCENARIO SOURCE: MOSPI, GOI 200.0 IIP Growth % at Constant (2011-12) Prices 180.0 160.0 140.0 120.0 100.0 80.0 60.0 Primary Goods Capital Goods 40.0 Intermediate Goods Infrastructure Goods 20.0 Consumer Durables Consumer Non-Durables 0.0 Apr'23 May'23 Jun'23 Jul'23 Aug'23 Sept'23 Oct
Slide 16: Indian Steel Scenario
INDIAN STEEL SCENARIO Crude Steel Production (mtpa) 126.3 120.0 110.9 109.1 118.4 97.9 103.1 103.5 104.8 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 Apr-Jan'23 Apr-Jan'24 Finished Steel Consumption (mtpa) 119.9 105.8 112.4 98.7 100.2 90.7 94.9 88.7 98.3 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 Apr-Ja
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 70 Flats 70 Longs Thousands Thousands 60 60 50 50 4
Slide 18: Operational Performance
STEEL AUTHORITY OF INDIA LIMITED Operational Performance
Slide 19: Production Performance
PRODUCTION PERFORMANCE All figures In Million Tonne 18.3 17.4 16.3 16.2 14.5 15.0 15.2 14.2 CRUDE STEEL 4.7 4.8 4.8 PRODUCTION Q3 FY23 Q2 FY24 Q3 FY24 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 9M FY 24 Annual Quarterly 16.9 17.2 15.1 15.1 SALEABLE 13.9 14.1 14.6 13.7 4.4 4.8 4.6 STEEL PRODUCTION Q3
Slide 20: Production Performance: FY'24 Product Mix
PRODUCTION PERFORMANCE : FY’24 SAIL 13.7% PRODUCT MIX : 51.8% 5 ISPs 34.5% 25.0% 65.8% 9.2% BSP 48.1% 51.9% DSP Flats RSP 100.0% Longs Semis 96.4% 3.6% BSL 71.5% 28.5% ISP
Slide 21: Production Performance: FY'24 By Process
PRODUCTION PERFORMANCE : FY’24 1.4% 0.8% Ingot Route CC Route CRUDE STEEL BOF PRODUCTION EAF BY PROCESS 99.2% 98.6% SALEABLE STEEL Commodity 47.2% PRODUCTION 52.8% BY PROCESS Value Added
Slide 22: Techno-Economic Parameters
TECHNO-ECONOMIC PARAMETERS Coke Rate: kg/thm CDI Rate: kg/thm 473 104 97 456 457 85 453 76 76 70 78 448 445 444 443 60 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 9M FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 9M FY 24 FY 24 Reduction of 6% over FY17 Increase of 73% over FY17 Specific Energy Consumption
Slide 23: Sales Performance
SALES PERFORMANCE Annual All figures In Million Tonne 16.2 16.2 14.9 14.1 14.1 14.2 13.1 12.5 Quarterly 4.8 4.2 3.8 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 9M FY Q3 FY23 Q2 FY24 Q3 FY24 24 Sectoral Breakup CMO Home Sales - Product Mix Plant Sales Galvanized Semis Structurals 2% Products 7% 9% 1% C
Slide 24: Financial Performance
STEEL AUTHORITY OF INDIA LIMITED Financial Performance
Slide 25: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore 9M FY 23 9M FY 24 Q3 FY 23 Q2 FY 24 Q3 FY 24 (INDAS Compliant figures) Sales Turnover 74781 76801 24859 29560 23148 Total Income 76184 78211 25163 29887 23524 EBITDA 5978 8451 2198 4043 2319 Depreciation 3598 3922 1221 1326 1321 Finance Cost 1520 1832 640 605 614 PBT
Slide 26: Financial Performance: Nine Months
FINANCIAL PERFORMANCE EBITDA PBT PAT Nine Months Performance 8451 (Rs. crore) 5978 2359 1722 1157 854 9M FY 23 9M FY 24 EBITDA Movement (Rs. crore) 6536 1095 133 491 1176 6692 8451 5978 EBITDA 9M FY 23 Volume/Mix Raw Material Input Price/Cost Sales Price/NSR Rail Price Impact Others EBITDA 9M FY 24
Slide 27: Financial Performance: Quarterly
FINANCIAL PERFORMANCE Quarterly Performance EBITDA PBT PAT 4043 (Rs. crore) 2198 2319 1696 1241 635 464 461 331 Q3 FY 23 Q2 FY 24 Q3 FY 24 EBITDA Quarterly 598 482 Movement (Rs. crore) 137 416 333 87 107 59 943 4043 1733 31 2198 2319 2319
Slide 28: Financial Performance: Borrowings and Net Worth
FINANCIAL PERFORMANCE Borrowings (Non Ind AS) Net Worth 35350 52017 52139 52276 53258 53499 29414 28127 43495 25662 25490 13386 Mar'21 Mar'22 Mar'23 Jun'23 Sept'23 Dec'23 Mar'21 Mar'22 Mar'23 Jun'23 Sept'23 Dec'23 Quarterly Interest Debt-equity (times) 0.81 (Non Ind AS) 638 614 605 540 0.56 517 0.53
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 — Q3 FY2024 Earnings Presentation on 6ix