Jindal Steel Limited · NSE:JINDALSTEL
Jindal Steel — Jindal Steel & Power — Q4 FY21 Earnings Presentation
33 slides from Jindal Steel's earnings presentation, May 12, 2021
Slide 1: Exchange intimation of earnings conference call
May 11, 2021 BSE Limited National Stock Exchange of India Limited 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 corp.r
Slide 2: Q4 FY'21 Industry Update & Key Performance Highlights
Q4 FY’21 Industry Update & Key Performance Highlights 12th May, 2021
Slide 3: This presentation may contain certain forward looking statements concerning Steel & power sector ,
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: JSPL remains committed to saving lives and serving the nation
JSPL REMAINS COMMITTED TO SAVING LIVES AND SERVING THE NATION
Slide 5: Next Growth Phase, Highlights, Industry Update
NEXT GROWTH PHASE HIGHLIGHTS INDUSTRY UPDATE COMPANY UPDATE
Slide 6: JSPL: Strategic Growth Framework
JSPL : Strategic Growth Framework STEEL FOCUS SUSTAINABLE Incremental Capex GROWTH to be spent on core Sustainability of Steel Business operations remains at the heart of all project considerations HIGH RETURN ON EQUITY Strong Free Cash Flow Generation & Faster payback
Slide 7: Capacity Expansion: Steel & Pellets Ramp-up Plan
Capacity Ramp up plan : Steel & Pellets Planned Expansion : Steel capacity up 66% and Pellet by 133% Raigarh Angul Phase I Angul wo Capex (CTO) Angul Phase II 15.9 Crude Steel Capacity (MTPA) Angul Phase II Steel capacity (MTPA) Angul Phase II (3 MTPA EAF) (3.3 MTPA BOF) 12.9 Angul CTO (1MTPA) 6.3 9
Slide 8: Angul Phase II: Capex Plan
ANGUL PHASE II : CAPEX PLAN Expansion Capex Capex Breakup Margin Expansion, 4,700 37% 4,300 4,100 Approx. INR 18,000 2,500 Crores 2,400 Volume Expansion, 63% FY22[P] FY23[P] FY24[P] FY25[P] FY26[P] & FY27[P]
Slide 9: Angul Phase-II: Major Projects Timeline
ANGUL PHASE-II : MAJOR PROJECTS TIMELINE Projected FY24 & Expected Indicated Projects Capex FY22 FY23 (INR Cr) Onwards Commissioning Pellet Plant#1: 6MTPA Sept’22 Margin Expansion Pellet Plant#2: 6MTPA Sept’23 Projects 6,600 Slurry Pipeline Sept’23 HSM Phase#1: 3MTPA Feb’23 HSM Phase #2 Sept’23 Expa
Slide 10: Q4 FY'21 Highlights
Q4 FY’21 NEXT GROWTH HIGHLIGHTS COMPANY UPDATE INDUSTRY UPDATE PHASE
Slide 11: Revenue & EBITDA in FY21
REVENUE & EBITDA IN FY21 REVENUE (INR Crs) Standalone Consolidated 39,388 38,989 30,465 27,844 22,706 33,308 18,350 19,943 20,070 19,626 18,632 27,730 26,228 15,502 17,523 13,518 15,114 14,691 13,687 12,852 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20(Ex- FY21(Ex- Oman) Oman) EBIDTA (INR Cr
Slide 12: JSPL Consolidated Debt Bridge FY21
JSPL CONSOLIDATED DEBT BRIDGE- FY21* 2,586 5,363 1,082 2 239 142 11 6,513 2,814 35,919 28,910 22,146 19,332 Net Debt as on Debt reduction Debt Redcution Fx Impact Addition in Debt Addition in Cash Net Debt as on Debt reduction Fx Impact Addition in Cash Net Debt as on Net Debt Net Debt as on 31st Ma
Slide 13: Q4 FY'21 Industry Update
Q4 FY’21 NEXT GROWTH INDUSTRY HIGHLIGHTS UPDATE COMPANY UPDATE PHASE
Slide 14: Global Steel Prices remain firm amid healthy steel demand
Global Steel Prices remain firm amid healthy steel demand and raw material supply concerns World steel demand projected to remain Strong Chinese Steel output has led to robust healthy iron ore demand and elevated prices Fig in Million MT Finished Steel Demand Growth CY 21 Fig in $/MT Supply concern
Slide 15: Power Installed Capacity in India FY21
Power Installed Capacity in India FY21 209 205 46 46 39 40 38 34 25 25 22 22 Coal Hydro Wind Gas Solar Others Installed Capacity GW (Mar 21) Installed Capacity GW (Mar 20) Source: CEA
Slide 16: Q4 FY'21 Company Update
Q4 FY’21 NEXT GROWTH HIGHLIGHTS COMPANY UPDATE PHASE INDUSTRY UPDATE
Slide 17: Business Segments
BUSINESS SEGMENTS STEEL POWER GLOBAL VENTURES Current Capacities – Domestic & Global 8.6 MTPA Steel IPP – 3400 MW* Coal & Iron Ore 3.11 MTPA Iron ore CPP – 1634 MW Mines 9 MTPA Pellet Plant *Divestment announced
Slide 18: 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 19: 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 20: JSPL Standalone Key Financials
JSPL STANDALONE KEY FINANCIALS (INR Crores) Q3 FY 21 Q4 FY 21 PARAMETER Q4 FY 21 Q4 FY 20 9,906 11,737 Gross Revenue* 11,737 6,767 8,738 10,430 Net Revenue 10,430 5,930 3,908 4,884 EBITDA 4,884 1,562 566 548 Depreciation + Amortization 548 568 529 500 Interest 500 623 2,643 4,489 PBT 4,489 372 2,226
Slide 21: 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 22: 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 23: 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) *Divestment announced
Slide 24: 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 Nov-40 200 (PHASE 1) KSEB TAMNAR II Long Term Oct-17 Sep-40 150 (PHASE 1) TAMNAR II Long Term 60 (PHASE 1) Throughout commercial Chhattisgarh operatio
Slide 25: JPL Key Financials
JPL KEY FINANCIALS (INR Crores) Q3 FY 21 Q4 FY 21 PARAMETER Q4 FY 21 Q4 FY 20 1,393 1,365 Turnover 1,365 913 303 345 EBITDA 345 296 260 258 Depreciation + Amortization 258 334 197 177 Interest 177 208 (46) (1,786) PBT (1,786) (188) (32) (1,265) PAT (1,265) (134) PARAMETER FY 20-21 FY 19-20 Turnover
Slide 26: 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 27: 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 28: JSPL Consolidated Key Financials
JSPL CONSOLIDATED KEY FINANCIALS (INR Crores) Q3 FY 21 Q4 FY 21 PARAMETER Q4 FY 21 Q4 FY 20 11,704 13,190 Gross Revenue* 13,190 7,634 10,534 11,881 Net Revenue 11,881 6,795 4,252 5,287 EBITDA 5,287 1,730 870 847 Depreciation + Amortization 847 649 728 643 Interest 643 890 2,848 2,852 PBT 2,852 107 2
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 3400 MW POWER PLANT, TAMNAR
Slide 31: Jharkhand
Tl JHARKHAND STEEL & POWER WRM & BRM, PATRATU
Slide 32: Investor relations contacts
For any information please contact: - Mr. Nishant Baranwal – Head, Investor Relations Tel : +91 11-41462198 Email: - nishant.baranwal@jindalsteel.com Mr. Rajesh Lachhani –GM, Investor Relations Tel: +91-124-6612036 Mobile: +91 9742947821 Email: rajesh.lachhani@jindalsteel.com Mr. Gourav Sancheti– DM
Slide 33: Thank You!
To the Taskforce guarding INDIA against the Corona Virus Pandemic Thank You !