Tata Steel Limited · NSE:TATASTEEL
Tata Steel — FY2025 Earnings Presentation
39 slides from Tata Steel's earnings presentation, May 12, 2025
Slide 1: Exchange filing cover letter
Ref: SEC/218/2025-26 May 12, 2025 The Secretary, Listing Department The Manager, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001. Mumb
Slide 2: Tata Steel reports Consolidated EBITDA of Rs 25,802 crores for FY2025
Mumbai, May 12, 2025 Tata Steel reports Consolidated EBITDA of Rs 25,802 crores for FY2025 Highlights: ▪ Consolidated annual Revenues stood at Rs 2,18,543 crores and EBITDA was Rs 25,802 crores with a margin of around 12%. EBITDA improved by 10% YoY despite the challenging operating environment. o I
Slide 3: Financial Highlights
Financial Highlights: Key profit & Loss account items India1,2 Consolidated (All figures in Rs. Crores unless 4QFY25 3QFY25 4QFY24 FY2025 FY2024 4QFY25 3QFY25 4QFY24 FY2025 FY2024 specified) 3 Production (mn tons) 5.44 5.69 5.40 21.68 20.78 7.45 7.77 7.92 30.92 29.94 Deliveries (mn tons) 5.60 5.29 5
Slide 4: Management comments and disclaimer
levels, of which £230 million or Rs 2,600 crores was in UK, Rs 2,800 crores was in India and Rs 1,150 crores was in Netherlands and the cost transformation program will continue in the future. Our Electric Arc Furnace project in UK is also progressing as per plan with award of key OEM contracts, rec
Slide 5: Press release about Tata Steel and awards
● Received the 2023 Global ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘Masters of Risk – Risk Technology’ recognition at The India Risk Management Awards, and ICSI Business Responsibility and Sustainability Award 2023 for its first Business Responsibility
Slide 6: Tata Steel Results Presentation
Tata Steel Results Presentation Fourth quarter and Financial year ended 31st March 2025 “Manufacturing Excellence” : One of our blast furnaces (“H blast furnace”) in Jamshedpur achieved 50 million tons of hot metal production over time, 1st in India to accomplish this May 12, 2025 feat without any m
Slide 7: Safe harbour statement
Safe harbour statement Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Imp
Slide 8: Complex global environment leading to diverging regional markets
Complex global environment leading to diverging regional markets Tariffs Geopolitics # Rise in protectionism and trade disruptions # China demand, policy and level of exports # Volatility, supply chains & diverging spreads Climate change Technology # Decarbonisation, Energy transition & circularity
Slide 9: Tata Steel continues to make strategic progress across geographies
Tata Steel continues to make strategic progress across geographies Consolidated EBITDA of Rs 25,802 crores, up 10% YoY # Translating our vision into action ▪ Highest crude steel production of ▪ Commissioned India’s largest blast furnace at Kalinganagar having steelmaking ~21.7 mn tons in India, up 4
Slide 10: We are committed to 'Zero Harm'
We are committed to ‘Zero Harm’ Journey towards excellence in Safety & Health of employees1 Fatalities2 From Awareness to Action: Elevating safety culture 56% LTIFR* 7 5 5 In the last 15 years 4 4 4 “Elimination of Commonly Accepted Unsafe Practices” program 4QFY2025 and FY2025 Results Presentation
Slide 11: Improving quality of life of our communities
Improving quality of life of our communities Social capital and scalable change models to enable deep societal impact 57 lakh+ 68 >₹2,274 cr targets prioritised across 15 lives impacted1 spent2 over last 5 years relevant UN SDG goals 4QFY2025 and FY2025 Results Presentation FY2025 highlights Rural a
Slide 12: Strategic Update
Strategic 4QFY2025 and FY2025 Results Presentation Update Limitless possibilities when Strong steel meets great ambition Tata Steel is part of world’s longest LPG pipeline covering 2,800 km from Kandla to Gorakhpur; Supply of high-grade steel to enable safer and cost-efficient fuel transport
Slide 13: Tata Steel is focused on creating sustainable value
Tata Steel is focused on creating sustainable value Leadership in Consolidate Leadership in Leadership in Robust Become technology and position as global Sustainability India financial health future ready digital cost leader 8
Slide 14: Leadership in Sustainability
Leadership in Sustainability Sustainability is at the core of our strategy Route and pace of decarbonisation being calibrated across geographies Netherlands: Committed to achieve 35 – 40% CO2e reduction1 Diligence and in-principle agreement on integrated environment and decarb project with Netherlan
Slide 15: Leadership in Sustainability: India initiatives and UK transition
Leadership in Sustainability Pursuing multiple initiatives in India UK transition in progress Process Carbon direct Carbon Capture Transition to scrap-based EAF steelmaking to reduce improvement avoidance & Utilisation 50 million tons CO2e over a decade ✓ Pilots exploring ✓ Water treatment alternate
Slide 16: Leadership in India: scaling up capacity
Leadership in India Tata Steel is scaling up in India to capitalise on growth opportunity India steel per capital income at an inflection point Brownfield optionality across multiple sites Capacity expansion Capacity expansion Finishing capacity 5 MTPA @ Kalinganagar ~0.8 MTPA @ Ludhiana 0.5 MTPA @
Slide 17: Multi-pronged strategy to enable leadership in chosen segments
Leadership in India Multi-pronged strategy to enable leadership in chosen segments # Customer centricity # Branded presence : 20+ # Innovation ▪ Multiple routes to connect, ▪ 100+ patents granted, Rs 1,600+ transact and engage crs. spent on R&D in last 5 years 4QFY2025 and FY2025 Results Presentatio
Slide 18: Leadership in technology & digital
Leadership in technology & digital Embracing Digital and Technology to create and unlock value Around 550+ models built & deployed across the value chain 4QFY2025 and FY2025 Results Presentation AI Process Control and Predictive Personalised Boulder detection Integrated management Optimisation Maint
Slide 19: Consolidate position as global cost leader
Consolidate position as global cost leader Enhancing competitiveness through cost and efficiency programs Targeted FY2026 savings of Rs 11,500 crores (i.e. 45% of FY2025 Consolidated EBITDA) # India # UK # Netherlands 4QFY2025 and FY2025 Results Presentation 4,000 3,000 4,500 Rs crores Rs crores Rs
Slide 20: Robust financial health
Robust financial health Financial Management to enable returns across cycle Balance sheet management Capital allocation Operational excellence » Onshoring debt to drive efficiency » Working capital release of Rs 4,300+ crs. in 4QFY25 4QFY2025 and FY2025 Results Presentation » Despite significant dro
Slide 21: Becoming culturally future ready
Become future ready Becoming culturally future ready Initiatives to reach new Pioneering initiatives and legacy of several 1st in level of excellence industry especially in India Talent Preparedness Focus on Fostering a for growth to productivity and Future Ready 40 MTPA restructuring Culture "Women
Slide 22: Some milestones we are proud of
Some milestones we are proud of 40 million tons of Iron ore Noamundi mine completed 1st India BF to produce 50 mn Conferred World Intellectual mined in India 100 yrs of sustainable mining tons of hot metal over time Property Award 4QFY2025 and FY2025 Results Presentation Sustainability champion 8 >9
Slide 23: Business Update
Business 4QFY2025 and FY2025 Results Presentation Update Focus on Downstream across geographies CRM complex at Kalinganagar in India, New decoiling line (pictured above) at a service center in Netherlands and upcoming pickle line at Port Talbot in UK
Slide 24: In FY2025, India deliveries grew by 5% YoY to around 21 million tons
In FY2025, India deliveries grew by 5% YoY to around 21 million tons Tata Steel India deliveries (mn tons) End use sectors (mn tons) Domestic Exports Auto and Retail : Individual Construction & ancillaries housebuilders Infrastructure 20.9 19.9 5.3 18.9 19.7 4.6 5.0 18.9 4.5 4.6 3.4 4.2 3.1 17.3 2.8
Slide 25: Auto: Consolidating the position of Preferred Steel Supplier
Auto: Consolidating the position of “Preferred Steel Supplier” ▪ Best-ever Hi-end sales in FY2025. ▪ Enhancing AHSS & UHSS capabilities (Enriched product mix for future models) in cold rolled via new TSK CAL line Share of hi-end products in Auto sales 26% FY2023 FY2024 FY2025 ▪ Expanding service cen
Slide 26: Consistent growth in Retail business & shaping construction practices
Consistent growth in Retail business & shaping construction practices Consistent double-digit growth in Shaping construction practices via retail business in the last 3 years ready-to-use solutions In kt In kt 379 2,383 Create your dream home today! FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 Visit ww
Slide 27: Industrial Products & Projects: Value accretive growth in chosen segment
Industrial Products & Projects: Value accretive growth in chosen segment ▪ Double digit growth in Engineering ▪ Launched new solution ‘PFS’ for offsite segment & faster construction FY2023 FY2024 FY2025 ▪ Strengthened solar segment play New market entry – Commercial with enhanced offerings Shipbuild
Slide 28: Tata Steel Consolidated (quarter)
Tata Steel Consolidated (All figures are in Rs. Crores Key drivers for QoQ change: 4QFY25 3QFY25 4QFY24 unless stated otherwise) Production (mn tons)1 7.45 7.77 7.92 ▪ Revenues: increased by 5% upon improved volumes Deliveries (mn tons) 8.33 7.72 7.98 despite drop in realisations in UK and Netherlan
Slide 29: Consolidated 4QFY25 EBITDA stood at Rs 6,503 crores
Consolidated 4QFY25 EBITDA1 stood at Rs 6,503 crores 1,027 1,350 1,052 ▪ Selling Result: primarily driven by lower 723 realisations across geographies ▪ Cost Changes: primarily driven by lower coking coal consumption cost in India and 7,155 Netherlands 6,503 ▪ Volume/Mix: primarily driven by higher
Slide 30: Tata Steel Consolidated (full year)
Tata Steel Consolidated (All figures are in Rs. Crores Key drivers for YoY change: FY2025 FY2024 unless stated otherwise) Production (mn tons)1 ▪ Revenues: decreased by 5% due to drop in realisations 30.92 29.94 across geographies despite rise in volumes Deliveries (mn tons) 30.96 29.39 Total revenu
Slide 31: Consolidated FY2025 EBITDA stood at Rs 26,130 crores
Consolidated FY2025 EBITDA1 stood at Rs 26,130 crores 1,428 456 - ▪ Selling Result: primarily driven by decline in realisations across geographies ▪ Cost Changes: primarily driven by closure of 17,237 18,387 heavy end assets in UK and decline in coking 26,130 coal consumption cost across geographies
Slide 32: Net debt stood at Rs 82,579 crores
Net debt stood at Rs 82,579 crores 778 5,235 98,919 339 94,801 12,222 82,579 Gross Debt Movement in Loan FX Impact Gross Debt Cash, Bank & Net Debt Dec'24 leases movement and Others Mar'25 Current Mar'25 Investments 4QFY2025 and FY2025 27 Results Presentation
Slide 33: Key financial credit metrics
Key financial credit metrices EBITDA Margin (%)1 EBITDA / ton (Rs.)1 Interest Coverage Ratio (x)1,2 Gross & Net Debt (Rs crores) 26.2% 21,626 11.7 1,16,328 94,801 19.8% 88,501 84,893 87,082 1,04,779 75,561 11,358 82,579 5.2 77,550 13.4% 7,962 8,335 75,389 12.2% 10,838 4.1 67,810 11.8% 6,267 3.5 10.2
Slide 34: Annexures
Annexures 4QFY2025 and FY2025 Results Presentation Moving towards water neutrality Tata Steel has achieved 18% reduction in specific freshwater consumption across all sites between FY2020 and FY2024
Slide 35: Tata Steel: Key operating parameters
Tata Steel : Key operating parameters India (Standalonea) TSUK TSN Coke Rate (kg/thm) Specific Energy Consumption (GJ/tcs) CO2 Emission Intensity (tCO2/tcs) Good Good Good 365 2.5 357 2.5 356 2.4 2.4 2.4 348 24.9 24.5 2.2 24.1 2.2 2.2 23.8 2.1 23.6 340 23.3 339 23.1 23.1 22.8 337 20.9 20.4 20.2 1.8
Slide 36: Tata Steel Standalone
Tata Steel Standalone1 (All figures are in Rs. Crores Key drivers for QoQ change: 4QFY25 3QFY25 4QFY24 unless stated otherwise) Production (mn tons) 5.24 5.41 5.24 ▪ Revenues: increased by 5% driven by seasonally Deliveries (mn tons) 5.60 5.29 5.42 higher volumes and marginal increase in realisation
Slide 37: Tata Steel Netherlands
Tata Steel Netherlands (All figures are in Rs. Crores 4QFY25 3QFY25 4QFY24 Key drivers for QoQ change: unless stated otherwise) Liquid Steel production (mn tons) 1.63 1.76 1.48 ▪ Revenues: increased by 6% QoQ upon rise in volumes despite drop in steel realisations Deliveries (mn tons) 1.75 1.53 1.43
Slide 38: Tata Steel UK
Tata Steel UK (All figures are in Rs. Crores 4QFY25 3QFY25 4QFY24 Key drivers for QoQ change: unless stated otherwise) Liquid Steel production (mn tons) - - 0.66 ▪ Revenues: increased by 6% on account of QoQ rise in volumes despite drop in steel realisations Deliveries (mn tons) 0.63 0.57 0.69 Total
Slide 39: Tata Steel Investor Relations
Tata Steel Investor Relations Investor enquiries ir@tatasteel.com