Steel Authority Of India Limited · NSE:SAIL
Steel Authority Of India — Q2 and H1 FY25 Earnings Presentation
30 slides from Steel Authority Of India's earnings presentation, Nov 8, 2024
Slide 1: Results Presentation for Q2 and H1 FY'25
STEEL AUTHORITY OF INDIA LIMITED RESULTS PRESENTATION FOR Q2 and H1 FY’25
Slide 2: Snapshot H1 FY'25
SNAPSHOT H1 FY’25 Mining Iron Ore: 15.917 MT Limestone: 0.670 MT Dolomite: 0.180 MT Production Hot Metal: 10.124 MT Crude Steel: 9.457 MT Saleable Steel: 8.777 MT Sales & Marketing Domestic Sales: 8.063 MT Exports: 0.045 MT Total Sales: 8.108 MT Financials Turnover: Rs. 48262 crore Revenue From Oper
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: Drive Towards Decarbonisation
DRIVE TOWARDS DECARBONISATION Strategic approach to decarbonisation. Phase-wise implementation. Achievement of 20% reduction in carbon footprints during Phase –I. Target of 12% reduction in Phase – II to reach 2.19 t/tcs by 2030-31. BSP signed MoU with SMS Group, Germany to promote decarbonisation t
Slide 6: 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 Commissioned 12.58 MW Solar Power Plants/Units at different locati
Slide 7: Touching Lives
TOUCHING LIVES…. Key Activites Basic and specialised healthcare to more than a million lives annually. 6% 3% 2% 25% Drinking Water facility to more than 50 lakh people. 9% More than 80 lakh people connected to mainstream by Total CSR construction of roads 11% spends since Quality education to almost
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 4.4 4.2 4.2 3.8 3.6 3.7 3.5 3.3 3.2 3.2 2.8 2.6 2.4 2.2 1.7 1.7 1.8 1.8 World Advanced Economies -2.0 Recovery Post 1st Fighting Inflation, Slowdown in Emerging & Developing Economies Phase of COVID19 Advanced Economies and -3.1 Ru
Slide 10: World Steel Scenario
WORLD STEEL SCENARIO Crude Steel Production (MT) 1963 1828 1879 1884 1890 1893 1732 1394 1065 1035 1019 1019 995 871 929 899 883 927 871 873 861 819 769 626 2017 2018 2019 2020 2021 2022 2023 9M 2024 World China RoW Steel continued its march post 1st wave of covid with revival of economic activities
Slide 11: World Steel Scenario: Apparent Steel Consumption
WORLD STEEL SCENARIO Apparent Steel Consumption (MT) 1779 1788 1839 1783 1767 1772 1714 1751 1638 2017 2018 2019 2020 2021 2022 2023 2024(F) 2025(F) WSA in its Short Range Outlook for Oct’24 has projected a negative growth in demand during 2024 and positive growth in 2025. Short Range Outlook, Oct’2
Slide 12: International Price Trends
400 450 500 550 600 650 700 750 800 100 150 200 250 300 350 400 Apr'23 Apr'23 May'23 May'23 Jun'23 Jun'23 Jul'23 Jul'23 Aug'23 Aug'23 Sept'23 Sep'23 FOB Black Sea Oct'23 Oct'23 Nov'23 Nov'23 Dec'23 Dec'23 Jan'24 Jan'24 Feb'24 Feb'24 FOB China Mar'24 Mar'24 Apr'24 Apr'24 May'24 Hot Rolled (USD/t) May
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 9.7 8.2 Quarterly GDP 6.8 7.0 6.5 6.7 8.2 8.6 8.1 7.8 3.9 6.7 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 -5.8 COVID19 Pandemic saw the GDP of Indian econ
Slide 15: Indian Economic Scenario: IIP Growth
INDIAN ECONOMIC SCENARIO SOURCE: MOSPI, GOI 250.0 IIP Growth % at Constant (2011-12) Prices 200.0 150.0 100.0 Primary Goods Capital Goods 50.0 Intermediate Goods Infrastructure Goods 0.0 Apr'23 May'23 Jun'23 Jul'23 Aug'23 Sept'23 Oct'23 Nov'23 Dec'23 Jan'24 Feb'24 Mar'24 Apr'24 May'24 Jun'24 Jul'24
Slide 16: Indian Steel Scenario
INDIAN STEEL SCENARIO Crude Steel Production (mtpa) 144.0 120.0 127.2 103.1 110.9 109.1 103.5 97.9 72.8 35.2 36.5 36.2 FY'17 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 Q2 FY'24 Q1 FY'25 Q2 FY'25 (H1) Finished Steel Consumption (mtpa) 136.3 119.9 100.2 105.8 98.7 94.9 88.7 90.7 72.7 33.2 35.5 37
Slide 17: Domestic Price Trend
Thousands Thousands 0 2 4 8 6 10 12 40 45 50 55 60 70 65 Apr'23 Apr'23 May'23 May'23 Jun'23 Jun'23 Jul'23 Jul'23 Aug'23 Aug'23 Sept'23 Sept'23 Oct'23 Oct'23 Nov'23 Nov'23 Dec'23 Dec'23 Flats Jan'24 HRC Ex-Delhi Jan'24 Feb'24 Feb'24 Mar'24 Pellets 63% Fe, Exw-Raipur Fines 63% Fe, Odisha Index Mar'24
Slide 18: Operational Performance
STEEL AUTHORITY OF INDIA LIMITED Operational Performance
Slide 19: Production Performance
PRODUCTION PERFORMANCE All figures In Million Tonne 19.2 18.3 17.4 16.2 15.2 CRUDE STEEL 4.8 4.7 4.8 PRODUCTION 9.5 Q2 FY24 Q1 FY25 Q2 FY25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 (H1) Annual Quarterly 18.4 16.9 17.2 SALEABLE 15.1 14.6 4.8 4.6 4.2 STEEL 8.8 PRODUCTION Q2 FY24 Q1 FY25 Q2 FY25 FY 20 FY 21
Slide 20: Production Performance: FY'25 Product Mix
PRODUCTION PERFORMANCE : FY’25 SAIL 15.6% PRODUCT MIX : 50.0% 5 ISPs 34.5% 27.1% 63.5% 9.3% BSP 52.1% 47.9% DSP Flats RSP 100.0% Longs Semis 87.4% 12.6% BSL 73.7% 26.3% ISP
Slide 21: Production Performance: FY'25 By Process
PRODUCTION PERFORMANCE : FY’25 1.3% 0.7% Ingot Route CC Route CRUDE STEEL BOF PRODUCTION EAF BY PROCESS 99.3% 98.7% SALEABLE STEEL 44.4% Commodity PRODUCTION BY PROCESS 55.6% Value Added
Slide 22: Techno-Economic Parameters
TECHNO-ECONOMIC PARAMETERS Coke Rate: kg/thm CDI Rate: kg/thm 457 110 97 106 448 445 444 440 85 76 78 426 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 (H1) (H1) Specific Energy Consumption: GCal/tcs BF Productivity: T/m3/Day 1.96 6.47 6.48 1.88 1.81 1.84 1.80 1.79 6.36 6.3
Slide 23: Sales Performance
SALES PERFORMANCE Annual All figures In Million Tonne 17.0 16.2 16.2 14.9 14.2 Quarterly 8.1 4.8 4.1 4.0 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 (H1) Q2 FY24 Q1 FY25 Q2 FY25 Sectoral Breakup 5 ISPs Sales - Product Mix Galvanized Semis Others Plant Sales Products 9% 0.1% Structurals 3.1% 1% CR Coils/Shee
Slide 24: Financial Performance
STEEL AUTHORITY OF INDIA LIMITED Financial Performance
Slide 25: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore H1 FY’24 H1 FY’25 Q2 FY 24 Q1 FY 25 Q2 FY 25 (INDAS Compliant figures) Sales Turnover 53653 48262 29560 23764 24498 Total Income 54687 49142 29887 24198 24944 EBITDA 6132 5593 4043 2420 3174 Depreciation 2601 2706 1326 1402 1304 Finance Cost 1218 1449 605 691 758 PBT
Slide 26: Financial Performance: Profitability Trend and EBITDA Movement
FINANCIAL PERFORMANCE 6132 Profitability Trend EBITDA PBT PAT (Rs. crore) 5593 1898 1390 1127 844 FY 24 (H1) FY 25 (H1) 1796 EBITDA Movement (Rs. crore) 1028 100 512 2839 112 6132 5593 EBITDA H1 FY 24 Volume/Mix Raw Material Input Price/Cost Sales Price/NSR Rail Price Others EBITDA H1 FY 25 Usage Ad
Slide 27: Financial Performance: Quarterly Performance
FINANCIAL PERFORMANCE Quarterly Performance EBITDA Cash Profit PBT PAT 4043 (Rs. crore) 3174 3023 2420 2416 1696 1416 1241 1113 834 14 11 Q2 FY 24 Q1 FY 25 Q2 FY 25 EBITDA Quarterly Movement (Rs. crore) 769 788 219 139 1621 609 55 1417 380 112 29 4043 3174 3174 2420 1829
Slide 28: Financial Performance: Borrowings and Net Worth
FINANCIAL PERFORMANCE Borrowings (Non Ind AS) Net Worth 35350 35659 35596 54496 52017 52139 54131 54075 30593 43495 25662 13386 Mar'21 Mar'22 Mar'23 Mar'24 Jun'24 Sept'24 Mar'21 Mar'22 Mar'23 Mar'24 June'24 Sept'24 Quarterly Interest Debt-equity (times) 758 0.81 (Non Ind AS) 691 638 642 0.66 0.65 60
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
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