Jindal Stainless Limited · NSE:JSL

Jindal Stainless — Investor Presentation (December 2023)

52 slides from Jindal Stainless's investor presentation, Dec 7, 2023

Slide 1: NAVNEET RAGHUVAN RAGHUVANSHI SHI
NAVNEET Digitally signed by NAVNEET RAGHUVAN RAGHUVANSHI Date: 2023.12.07 SHI 13:39:13 +05'30'
Slide 2: Corporate Presentation December 2023
CORPORATE PRESENTATION DECEMBER 2023
Slide 3: Disclaimer
...JSLIA\ Disclaimer JINDAL STAINLESS This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (the "Company"), has been prepared purely for information purposes only and is not, and is not intended to be, an offer, or solicitation of of
Slide 4: Content
CONTENT ...JSLIA\ JINDAL STAINLESS 1 2 3 4 5 6 OVERVIEW SECTOR CORE ESG FINANCIALS ANNEXURES DYNAMICS & STRENGTHS DIVERSIFIED APPLICATIONS 3
Slide 5: Overview
OVERVIEW 4
Slide 6: Jindal Stainless Leader in Specialized Products
Jindal Stainless Leader in Specialized Products ...JSLIA\ JINDAL STAINLESS #1 #5 3mtpa Stainless steel Top Global producer producer in Ex - China Stainless steel capacity India ~₹ 382bn ~₹ 42bn 0.2x Revenue (Net)* EBITDA* Net Debt/Equity* 50+ >120 grades > 21,000 Exports to countries Diversified Hig
Slide 7: Diverse Product Portfolio Redefining Possibilities
Diverse Product Portfolio Redefining Possibilities ...JSLIA\ JINDAL STAINLESS Unleashing the spectrum of stainless steel solutions SMS CRAP 3,000,000 1,450,000 HSM (including JUSL) Special Product Division 3,920,000 94,000 Narrow Tandem Mill Ferro Alloy 250,000 384,675 HRAP Power (MW) 1,905,000 264
Slide 8: Ingenuity Meets Manufacturing Excellence
Ingenuity Meets Manufacturing Excellence The heart of our operations ODISHA HISAR Capacity – 2.2 MTPA Capacity - 0.8 MTPA Million Tonnes per Annum 7
Slide 9: Jindal Stainless: Group structure
...JSLIA\ JINDAL STAINLESS Jindal Stainless: Group structure ...J5Ll'A\ JINDAL STAINLESS 57.9% 42.1% PROMOTER PUBLIC Jindal United Rathi Super PT Jindal Jindal Stainless Jindal Iber Jindal Steel ltd steel Ltd Indonesia Steelway Ltd Lifestyle Hot strip mill of Wire Rods & 0.15 mtpa Service Domestic M
Slide 10: Sector Dynamics & Diversified Applications
SECTOR DYNAMICS & DIVERSIFIED APPLICATIONS 9
Slide 11: Stainless Steel At The Vanguard
Stainless Steel At The Vanguard ...JSLIA\ JINDAL STAINLESS characteristics and popularity Favorable growth trajectory Value - added & Sustainable Metal …With stainless steel as the fastest growing metal Low maintenance ® ··························1 r·························® Low Life Cycle Cost Sta
Slide 12: Stainless Steel's Shining Surge
Stainless Steel's Shining Surge ...JSLIA\ JINDAL STAINLESS Global SS Consumption (MTPA) India SS Consumption (MTPA) CAGR 7-7.5% I.......................................... ► CAGR 4.0-4.5% , - - - ~ -· Covid impact ..... & Subsequent ..... Covid impact 1······················ ► latent demand & Subseq
Slide 13: JSL Shaping the Global Landscape
JSL Shaping the Global Landscape ...JSLIA\ JINDAL STAINLESS Setting new benchmarks in the global stainless steel market Tsingshan TSINGSHAN Jiangsu Delong / ;t. @ Baosteel l'A05TEEL Among TISCO Top Q rn10 Posco Acerinox Aperam/Outokumpu/Guangxi e ootol<l,rr,IJJ f_~ Jindal Stainless E-United Liusteel
Slide 14: Extensive Product Portfolio
....JSL.A , Empowering Industries with an JINDAL STAINLESS Extensive Product Portfolio Automobile Offering a Railway & Transport comprehensive selection of quality products for existing and new sectors Process & Engineering Architecture Building Construction PRODUCT APPLICATIONS Consumer Durables 13
Slide 15: Diversified Consumption Pattern
Diversified Consumption Pattern ...JSLIA\ JINDAL STAINLESS Evolution in Sectoral growth Stainless Steel Stainless Steel EBITDA per tonne variance 2% 20% 19% 43% 9% 2023 1998 80% 27% ABC ART Process Consumer Durables Other 1.5 • Consumer durable • Others JSL Carbon Steel 3% 6% 5% 0.8 0.5 19% 27% 0.8
Slide 16: Charting New Territories in Consumption
Charting New Territories in Consumption ...JSLIA\ JINDAL STAINLESS Discover the latest market developments and stainless steel applications Progressive Potential Market Particulars Foot Over Bridge Road Over Bridge Flyovers Underframes Railway Station Airport (ABC+Structurals) ABC+Structurals Consum
Slide 17: Charting New Territories in Consumption
Charting New Territories in Consumption ...JSLIA\ JINDAL STAINLESS Discover the latest market developments and stainless steel applications Progressive Potential Market Particulars Ethanol Hydrogen Water Nuclear Consumption per 100 klpd, 450-500 MT 5MMTA of hydrogen will use 70-80KT of SS 300-500 MT
Slide 18: Project – FOB – Naupada – East Coast Railway
...JSLIA\ PROJECT – FOB – Naupada – East Coast Railway JINDAL STAINLESS Application All load Bearing Members including Girders, Columns, Cross Beams etc. -~-------------- ~........ . ............. :. . . ......... ~-- ........... __........... 17
Slide 19: Project – Himalaya FOB – CSMT, BMC, Mumbai
...JSLIA\ PROJECT – HIMALAYA FOB – CSMT, BMC, Mumbai JINDAL STAINLESS Application All load Bearing Members including Girders, Columns, Cross Beams etc. 18
Slide 20: Project – ROB – Kalyan Shilphata – Kalyan Patripool - MSRDC
...JSLIA\ PROJECT – ROB – Kalyan Shilphata – Kalyan Patripool - MSRDC JINDAL STAINLESS Application Foundations of Bridges, Columns etc. 19
Slide 21: India Growth & Infrastructure Push - Driving Demand
India Growth & Infrastructure ...JSLIA\ JINDAL STAINLESS Push -Driving Demand Leveraging sectoral opportunities Auto Railways and Transport Infrastructure Process Industry 400 new Vande Bharat trains to be introduced in the next Transforming 508 railway stations across the country For achieving 280
Slide 22: Government Notifications
Government Notifications ...JSLIA\ JINDAL STAINLESS Strong Regulatory Support With a view to strengthening the quality of infrastructure build-out in the country, the Government of India has issued several circulars directing the usage of Stainless Steel in key infrastructure sectors. This is provid
Slide 23: Core Strengths
CORE STRENGTHS 22
Slide 24: Solution Provider
Solution Provider ...JSLIA\ JINDAL STAINLESS Exploring the various solutions JSLIA\ JINDAL STAINLESS One stop solution provider Grade Quality Ensures availability Identifying recommendation / Control of all supportive implementation customization components for vendors implementation Dedicated JSL W
Slide 25: Reaching New Horizons with our Presence
Reaching New Horizons with our Presence ...JSLIA\ JINDAL STAINLESS Extending our footprint worldwide, empowering growth and collaboration. Global footprint Domestic footprint Hisar Haryana Gurugram Delhi Corporate Office Russia Germany United Kingdom Belgium Turkey Ahmedabad Spain South Korea Vadoda
Slide 26: Nurturing Expertise & Brand Excellence
Nurturing Expertise & Brand Excellence ...JSLIA\ JINDAL STAINLESS Building enduring partnerships with key customers Investing in various Branding & Jindal Saathi marketing Stainless Steel Pipes Key Visuals Initiatives to enhance & Tubes campaign overall market Increased genuine Jindal potential Saat
Slide 27: The Stainless Academy Redefining Stainless Power
The Stainless Academy Redefining Stainless Power ...JSLIA\ JINDAL STAINLESS Stainless Academy (Awareness & Eco - system Development) Stainless Education Fabrication Upskilling Workshops for hands-on Skill enhancement Courses in Introduction of SS program across 18,000+ Fabricators Under Skill India
Slide 28: Empowering Our Nation: Safeguarding Security and Driving Growth
Empowering Our Nation: Safeguarding Security and Driving Growth ...JSLIA\ JINDAL STAINLESS Nuclear Space Application Green Ballistic And Blast Marine Missile Applications Hydrogen Protection Application Application We are one of the two Suppling Critical Supplied 40 Mt for 238 Various grades for the
Slide 29: Harnessing Technology for Customer Experience
Harnessing Technology for Customer Experience Unlocking efficiency and connectivity through digitization Real time data & Presales/Sales Personalized 360 degree Higher market Higher customer amp; powerful data mobility on cloud reports and customer view share & amp; avoid satisfaction & amp; analyti
Slide 30: Fueling Innovation and Advancement through R&D
Fueling Innovation and ...JSLIA\ JINDAL STAINLESS Advancement through R&D Key focus areas for innovation R&D division plays a pivotal role in retaining and consolidating JSL’s leadership position providing agility to Advance R&D division - a key factor driving new customer additions alter product an
Slide 31: Structural Changes
Structural Changes ...JSLIA\ JINDAL STAINLESS Sourcing and sales strategy More than Five decades of Planning, operations, sales, experience supported by Drastic shift in raw material Reduced inventory pipeline, and sourcing underwent a data analytics helped in procurement moved to releasing working
Slide 32: ESG
ESG 31
Slide 33: JSL's Commitment to Environmental Responsibility
JSL’s Commitment to Environmental Responsibility ....JSLIA JINDAL STAINLESS Championing environmental stewardship aligned to global standards Environment Climate Emission Circular Renewable Water Contribution to Change Intensity Economy Energy Management Biodiversity Committed to Electric Arc Majori
Slide 34: Promoting Social Welfare & Enriching Communities
Promoting Social Welfare & Enriching Communities Empowering lives through training, safety, and social initiatives Social Community Development Safety management Training and development Learning & Development PARIVARTAN 4.5 Lakh+ Continuous safety E-learning modules for workers a high potential dev
Slide 35: Leading with Integrity and Responsibility
Leading with Integrity and Responsibility ...JSLl'A\ JJNDA. $TAJ~.ES$ Upholding ethical standards and effective governance frameworks Governance Policies Product Stewardship Stakeholder engagement Jindal Stainless have formulated several policies within the Company’s Corporate R&D lab at both plants
Slide 36: Renewable Energy Green Hydrogen
...JSLl'A\ JINDAL STAINLESS Renewable Energy Green Hydrogen For incremental Jindal Stainless To increase the Floating Solar Partnered with Green Hydrogen to Expected Carbon First Green energy requirement imports RE power Renewable Energy Project (Installed Hygenco India replace fossil fuels abatemen
Slide 37: Financials
FINANCIALS 36
Slide 38: JSL's Stellar Performance
JSL’s Stellar Performance ...JSLIA\ JINDAL STAINLESS Sales Volume (‘000) Revenue (Rs. Cr) 1,671 1,764 35,030 32,292 1,338 1,092 19,748 19,081 FY21 FY22 FY23 H1 FY24 FY21 FY22 FY23 H1 FY24 EBITDA (Rs. Cr) PAT (Rs. Cr) 17,473 - 28,250 EBITDA/t 20,216 20,029 2,790 2,014 4,720 3,567 1,275 2,337 2,188 89
Slide 39: Driving Profitability through Resilience
Driving Profitability through Resilience ...JSLIA JINDAL STAINLESS Uniting operational excellence and financial success EBITDA/ton TTM (Rs) Ukraine war Nickel Surge Export Duty Export duty removal 27,600 27,200 25,400 24,100 22,500 21,400 20,200 20,465 19,600 19,705 Jun-21 Sep-21 Dec-21 Mar-22 Jun-2
Slide 40: Strengthening Financial Position
Strengthening Financial Position ...JSLIA\ JINDAL STAINLESS Charting the path for De-leveraging 11.0 8.4 - Net Debt (Rs. Cr.) 4.2 - D/E (x) - Net Debt/EBITDA (x) 2.7 2.6 2.3 1.3 0.7 0.7 0.5 2.9 3.4 3.2 1.4 1.4 0.9 0.5 0.3 0.2 0.2 11,185 11,145 8,483 6,585 5,366 4,711 3,135 3,179 2,591 -- 2,149 FY15
Slide 41: Consolidating Financial Metrics
Consolidating Financial Metrics ...JSLIA\ JINDAL STAINLESS Cultivating value through streamlined operations and improved financial performance 1.3 11,456 12,526 9,446 0.7 34% 6,549 0.7 0.5 22% 0.5 20% 15% 3,135 3,179 0.3 0.2 0.2 2,591 2,149 FY21 FY22 FY23 TTM* FY21 FY22 FY23 TTM* FY21 FY22 FY23 TTM*
Slide 42: Strategic Capital Allocation for Sustainable Growth
Strategic Capital Allocation for Sustainable Growth ...JSLIA\ JINDAL STAINLESS Optimizing returns through resource optimization Capital Expenditure Organic & Sustaining Capex inorganic Capex for cost and Growth projects operational efficiencies ensure IRR ~15% Capital Allocation ll----------r·......
Slide 43: Journey to Superior Ratings
Journey to Superior Ratings Advancing credit ratings to increase investor confidence OCT 23 TERM LOAN AA/STABLE APR 23 TERM LOAN AA-/POSITIVE JAN 22 TERM LOAN AA-/STABLE MAY 21 TERM LOAN A+ STABLE JAN 21 RATINGS 6 NOTCHES HIGHER TERM LOAN IndiaRatings BBB+/ STABLE CRISIL &Researcli Care.=dge JAN 20
Slide 44: Noteworthy Acquisition
Noteworthy Acquisition ...JSLIA\ JINDAL STAINLESS Significant progress and milestones in JSL's journey Stake in NPI Facility Rathi Super Steel Ltd JUSL Enhancing Product Diversification Integrating the Operations Raw Material Security In November 2022, Jindal Stainless Ltd JUSL acquisition completed
Slide 45: Leading the Way
Leading the Way ...JSS~~ JINDAL Strong Growth and Sustainable Practices in the Value-Added Stainless Steel Sector Wide spread distribution network and ESG Commitment, EAF manufacturing high scrap efficient supply chain for higher utilization adding to circular economy efficiencies and customer satis
Slide 46: Contact Us
Contact Us ...JSLIA\ JINDAL STAINLESS India’s leading stainless steel manufacturer, Jindal Stainless, has an annual turnover of ~INR 360 bn (US $4.30 billion) in FY23, and is ramping up its facilities to reach 3.0 million tonnes of annual melt capacity in FY24. It has two stainless steel manufacturi
Slide 49: JUSL Snapshot
JUSL Snapshot ...JSLIA\ JINDAL STAINLESS CRISIL AA/STABLE An S&P Global Company EBITDA (Cr.) Interest cost (Cr.) PAT (Cr.) Net Debt (Cr.) 236 356 2,030 845 712 258 590 1,956 148 213 214 1,936 FY22 FY23 TTM* FY22 I I FY23 TTM* I FY22 FY23 TTM* FY22 I I FY23 TTM* *Standalone TTM ending September 30, 2
Slide 50: Accolades of Distinction
Accolades of Distinction ...JSLIA\ JINDAL STAINLESS Recognitions and certifications highlighting industry leadership Quality Environment Management Energy Efficiency Best Raw Material Supplier Supplier Excellence 22ND GREENTECH Fame Environment Excellence Golden Peacock Award SEEM National Energy Su
Slide 51: Shareholding Pattern
Shareholding Pattern ...JSLIA\ JINDAL STAINLESS Floating Stock (%) Promoters Fll 57.9% 24% Others 42.1% Retail & Others Dll 12.7% 5.4% Copyright © 2023 | All Rights Reserved | Privacy Policy 50 Note: Period ending September 30, 2023
Slide 52: Slide 52

Jindal Stainless — Investor Presentation (December 2023) on 6ix

Jindal Stainless — Investor Presentation (December 2023)

Slide 1: NAVNEET RAGHUVAN RAGHUVANSHI SHI

Slide 2: Corporate Presentation December 2023

Slide 3: Disclaimer

Slide 4: Content

Slide 5: Overview

Slide 6: Jindal Stainless Leader in Specialized Products

Slide 7: Diverse Product Portfolio Redefining Possibilities

Slide 8: Ingenuity Meets Manufacturing Excellence

Slide 9: Jindal Stainless: Group structure

Slide 10: Sector Dynamics & Diversified Applications

Slide 11: Stainless Steel At The Vanguard

Slide 12: Stainless Steel's Shining Surge

Slide 13: JSL Shaping the Global Landscape

Slide 14: Extensive Product Portfolio

Slide 15: Diversified Consumption Pattern

Slide 16: Charting New Territories in Consumption

Slide 17: Charting New Territories in Consumption

Slide 18: Project – FOB – Naupada – East Coast Railway

Slide 19: Project – Himalaya FOB – CSMT, BMC, Mumbai

Slide 20: Project – ROB – Kalyan Shilphata – Kalyan Patripool - MSRDC

Slide 21: India Growth & Infrastructure Push - Driving Demand

Slide 22: Government Notifications

Slide 23: Core Strengths

Slide 24: Solution Provider

Slide 25: Reaching New Horizons with our Presence

Slide 26: Nurturing Expertise & Brand Excellence

Slide 27: The Stainless Academy Redefining Stainless Power

Slide 28: Empowering Our Nation: Safeguarding Security and Driving Growth

Slide 29: Harnessing Technology for Customer Experience

Slide 30: Fueling Innovation and Advancement through R&D

Slide 31: Structural Changes

Slide 32: ESG

Slide 33: JSL's Commitment to Environmental Responsibility

Slide 34: Promoting Social Welfare & Enriching Communities

Slide 35: Leading with Integrity and Responsibility

Slide 36: Renewable Energy Green Hydrogen

Slide 37: Financials

Slide 38: JSL's Stellar Performance

Slide 39: Driving Profitability through Resilience

Slide 40: Strengthening Financial Position

Slide 41: Consolidating Financial Metrics

Slide 42: Strategic Capital Allocation for Sustainable Growth

Slide 43: Journey to Superior Ratings

Slide 44: Noteworthy Acquisition

Slide 45: Leading the Way

Slide 46: Contact Us

Slide 47: Thank You

Slide 48: Annexures

Slide 49: JUSL Snapshot

Slide 50: Accolades of Distinction

Slide 51: Shareholding Pattern

Slide 52: Slide 52