Jindal Steel Limited · NSE:JINDALSTEL
Jindal Steel — Jindal Steel & Power — Q1 FY2025 Earnings Presentation
35 slides from Jindal Steel's earnings presentation, Jul 24, 2024
Slide 1: Exchange filing cover letter
JINDAY STEEL & POWER July 24, 2024 BSE Ltd. The 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 JTowers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai- 400 001 Mum
Slide 2: Q1FY25 Earnings Presentation
Jindal Steel & Power Q1FY25 Earnings Presentation 24th Jul 2024
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation may contain certain forward looking statements concerning steel sector, economy and JSP’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
Slide 4: Building a nation of our dreams
Building a nation of our dreams OVER 3 DECADES OF EXCELLENCE JSP is focused towards building world-class capabilities to make India self-reliant and a global economic powerhouse
Slide 5: Company Snapshot, Macro and Sectoral Update, Business Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q1FY25 Results Project Update
Slide 6: JSP at a Glance
JSP at a Glance Growth Scaling up world-class, Innovative, value-added products High performance, integrated steel production to support India’s infrastructure customer-centric culture Focussed capacity creation Strong Net Debt/EBITDA at 1.0x Expansion program to boost Targeting Net Debt / EBITDA FC
Slide 7: Company Snapshot: Integrated Value Chain
Integrated Value Chain World-class Assets Mining Iron Making Liquid Steel Finished Steel 10.42 MTPA 16.82 MTPA 9.6 MTPA 15.9 MTPA 7.25 MTPA 13.75 MTPA Company Snapshot Iron-ore: Coal: Direct Reduce Iron (DRI) Steel Melting Shop (SMS) Plate Mill 2.5 MTPA 3.0 MTPA Tensa 3.11 MTPA Gare Palma IV/6 4 MTP
Slide 8: Macro and Sectoral Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q1FY25 Results Project Update
Slide 9: India continues to drive global steel demand in CY24
India continues to drive global steel demand in CY24 World China India Macro and Sectoral Update USA EU & UK Japan Source: World Steel Association - Short Range Outlook Apr 2024 8
Slide 10: China exports remain elevated due to low domestic demand
China exports remain elevated due to low domestic demand Crude Steel Production Steel Demand (Apparent Steel Consumption) Macro and Sectoral Update Steel Exports China Export HRC Price (USD/t) Source: Production and Demand – WSD Report; Exports – Steelmint; HRC Export Price – Bloomberg 9 Note: China
Slide 11: Robust India steel demand in line with strong real GDP growth
Robust India steel demand in line with strong real GDP growth Crude Steel Production Finished Steel Consumption Crude Steel Capacity and Utilisation % Macro and Sectoral Update ▪ National Steel Policy, 2017 envisages India’s steel production capacity of 300mt by 2030 by enhancing domestic per capita
Slide 12: India Steel Scenario
India Steel Scenario ▪ Crude Steel production grew 5% YoY during Crude Steel Production Finished Steel Consumption Q1FY25 to 36.6mt and 7% YoY in H1CY24 to 73.9mt Fig in Million Tonnes +7% Fig in Million Tonnes +11% Macro and Sectoral Update +5 +12% ▪ Finished steel consumption grew 12% YoY % during
Slide 13: Key Steel and RM Prices Trend
Key Steel and RM Prices Trend India HRC vs Rebar Domestic Pellet prices (Barbil) ▪ Indian Steel prices have Fig in `/tonnes Fig in `/tonnes shown mixed trends during Q1FY25 Macro and Sectoral Update ▪ While TMT prices have rallied due to significantly strong construction seasons, Flat product prices
Slide 14: Business Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q1FY25 Results Project Update
Slide 15: Focused Capacity Expansion
Focused Capacity Expansion Scaling-up for Market Leadership Growth Capex Breakup (INR Cr) Share of Capex Categories Coal Mines ACPP-II Business Update 1,800 Existing New Projects* Capex JSO Angul Existing Capex ACPP-II Coal Mines New Projects* Total JSO Angul *New Projects include Q&T, Rakes, Micro
Slide 16: Strategically Aligned for Shipbuilding and Defense
Strategically Aligned for Shipbuilding and Defense High Growth & GoI Focus Segment JSP initiatives Collaborations to be “first choice” Pioneered development and supply of: ✔ Main Battle Tanks (CD 99) Arjun ✔ US$25B defense production target by ✔ DMR - Submarine grade steel plates Supplying Ballistic
Slide 17: Sector wise & Value-added Sales
Sector wise & Value-added Sales Business Update ✔ QoQ 186 % growth in HR coil from new HSM in Angul by strategically focusing on Value added segments. ✔ 47 % share in Construction & Infrastructure Segment by Strategically developing Customized Product offerings in Plates, Structural, Rebar & Fabrica
Slide 18: Social Initiatives
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q4FY24 Results Project Update
Slide 19: Awards & Recognitions
Awards & Recognitions • National CSR Award, by Ministry of Corporate Affairs, GoI (announced in Aug 22) • CSR in Aspirational Districts/Difficult Terrains in Eastern India • Contribution in National Priority Areas and support to differently-abled • Golden Peacock CSR Award 2019 for holistic Corporat
Slide 20: Empowering our Communities
Empowering our Communities Social Initiatives HEALTH & NUTRITION VATSALYA aims to reduce Infant Mortality Rate and Maternal EDUCATION SKILL EDUCATION Mortality Rate. Benefitted 22253 women and infants in Q4 and YASHASVI aims to educate young women and girls from an O.P. JINDAL COMMUNITY COLLEGES at
Slide 21: Empowering our Communities
Empowering our Communities Social Initiatives SOCIAL INCLUSION ENVIRONMENT AND AGRICULTURE ART AND CULTURE JINDAL PRAYAS CENTRE OF EXCELLENCE provides state-of-art facilities • 72 ft Monumental Flag of India was installed at for holistic care and nourishment for 300+ abandoned and JINDAL VET SEVA Ji
Slide 22: Q1FY25 Results
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q1FY25 Results Project Update
Slide 23: Q1FY25 Highlights – Consolidated
Q1FY25 Highlights – Consolidated Gross revenue* Adjusted EBITDA# Adj. EBITDA per ton PAT Q1FY25 Q1FY25 Q1FY25 Q1FY25 Q1FY25 Result ₹15,788 Cr ₹2,831 Cr ₹13,527 ₹1,338 Cr Q4FY24 - ₹15,748 Cr Q4FY24 - ₹2,512 Cr Q4FY24 - ₹12,496 Q4FY24 - ₹993 Cr Q1FY24 - ₹14,539 Cr Q1FY24 - ₹2,704 Cr Q1FY24 - ₹12,696 Q
Slide 24: Net Debt and EBITDA bridge
Net Debt and EBITDA bridge Consolidated Net Debt Movement (QoQ) (INR Cr) Q1FY25 Result 30 -2,93 1 8 As at 31st Debt New Debt Change in Cash & As at 30th Mar’24 Repayment Raised Cash Eq. Jun’24 Consolidated Adjusted EBITDA Movement (QoQ) (INR Cr) 16 3 5 6 4 2 5 8 Q4FY2 Volum NS Co Subsidiari Q1FY2 4
Slide 25: Strong Balance Sheet
Strong Balance Sheet Strengthening Fundamentals to Drive Sustainable Growth Q1FY25 Result Consolidated Performance Net Debt (INR Cr) Net Debt/EBITDA (x) Debt/Equity (x) -78% -74% -73% 24
Slide 26: Financial Performance - Consolidated
Financial Performance - Consolidated Q1FY25 Result INR Crore Quarterly Performance Particulars Q1FY25 Q4FY24 Q1FY24 Gross Revenue* 15,788 15,748 14,539 Net Revenue 13,652 13,521 12,644 Adjusted EBITDA** 2,831 2,512 2,704 Depreciation + Amortization 683 995 588 Finance Cost (net) 332 321 329 PBT (bef
Slide 27: Financial Performance - Standalone
Financial Performance - Standalone Q1FY25 Result INR Crore Quarterly Performance Particulars Q1FY25 Q4FY24 Q1FY24 Gross Revenue* 14,929 15,847 14,220 Net Revenue 12,865 13,788 12,325 Adjusted EBITDA** 2,694 2,501 2,665 Depreciation + Amortization 564 563 540 Finance Cost (net) 183 210 258 PBT (befor
Slide 28: Project Update
Company Snapshot Macro and Sectoral Update Business Update Social Initiatives Q1FY25 Results Project Update
Slide 29: Project Completion Status
Focused Capacity Expansion Project Completion Status Projects Indicative Timeline Civil Mechanical Electrical Project Status Update Pellet Plant – I Commissioned HSM Commissioned Slurry Pipeline Q4FY25 Pellet plant – II Q4FY26 BOF – II Q4FY25 ASU, Coke oven, RMHS Q1FY26 BF – II Q4FY25 ACPP – II Q3FY
Slide 30: Project Status Update: Blast Furnace, Basic Oxygen Furnace
Focused Capacity Expansion Project Status Update Blast Furnace Basic Oxygen Furnace Project Status Update 29
Slide 31: Project Status Update: Lime Dolo Plant, ACPP2
Focused Capacity Expansion Project Status Update Lime Dolo Plant ACPP2 Project Status Update 30
Slide 32: Project Status Update: Slurry Pipeline, RMHS
Focused Capacity Expansion Project Status Update Slurry Pipeline RMHS Project Status Update 31
Slide 33: Project Status Update: Coke Oven Battery, RMHS
Focused Capacity Expansion Project Status Update Coke Oven Battery RMHS Project Status Update 32
Slide 34: Project Status Update: HSM, CRM
Focused Capacity Expansion Project Status Update HSM (Reheating Furnace 1, 2) CRM Project Status Update 33
Slide 35: Thank you
sino STFFI & POWFK Thank you
Jindal Steel & Power — Q1 FY2025 Earnings Presentation on 6ix