Steel Authority Of India Limited · NSE:SAIL
Steel Authority Of India — Q3 FY2017-18 Earnings Presentation
39 slides from Steel Authority Of India's earnings presentation, July 2020
Slide 1: Performance Highlights 9M & Q3 FY 2017-18
STEEL AUTHORITY OF INDIA LIMITED Performance Highlights 9M & Q3 FY 2017-18
Slide 2: Performance Highlights: 9M FY2017-18
PERFORMANCE HIGHLIGHTS : 9M FY2017-18 Net Sales : Rs 40091 Crore FINANCIAL EBITDA : Rs 2560 Crore PERFORMANCE PBT : Rs (-) 1945 Crore PAT : Rs (-) 1297 Crore Hot Metal Production : 11.745 MT Crude Steel Production : 11.017 MT PRODUCTION Saleable Steel Production : 10.461 MT & SALES PER
Slide 3: Performance Highlights: Q3 FY2017-18
PERFORMANCE HIGHLIGHTS : Q3 FY2017-18 Net Sales : Rs 15193 Crore FINANCIAL EBITDA : Rs 1571 Crore PERFORMANCE PBT : Rs 82 Crore PAT : Rs 43 Crore Hot Metal Production : 4.138 MT Crude Steel Production : 3.884 MT PRODUCTION & SALES Saleable Steel Production : 3.600 MT PERFORMANCE Semi
Slide 4: Financial Performance: Annual Profit Trend
FINANCIAL PERFORMANCE Annual Profit Trend 5909 5590 EBITDA PBT PAT 3225 2345 2616 672 2079 -2203 -2833 -4021 -4851 -7007 FY 14 FY 15 FY 16 FY 17 All figures in Rs crore
Slide 5: Financial Performance
FINANCIAL PERFORMANCE 2560 919 989 562 117 9M -126 Performance -1297 -1340 -2062 -1945 -2028 All figures in Rs crore -3432 9M 2016-17 9M 2017-18 H1 2017-18 EBITDA 1571 Cash Profit 803 989 PBT PAT 223 35 82 43 Q3 -125 Performance -740 -539 -795 -1254 Q3 FY17 Q3 FY18 Q2 FY18
Slide 6: Financial Performance: Net Worth, Borrowings & Interest
FINANCIAL PERFORMANCE Annual Net Worth Annual Borrowings & Interest cost 45000 41396 3500 43523 40000 35141 42666 31837 39196 35000 36009 30000 25281 2500 Annual 25000 2528 20000 2300 Borrowings 15000 10000 1500 Interest 5000 1454 Cost 0 968 500 FY 14 FY 15 FY 16 FY 17 FY 14 FY 15 FY 16 FY 17 Quarte
Slide 7: Financial Performance
FINANCIAL PERFORMANCE Rs. Crore 9M FY 18 9M FY 17 Q3 FY 18 Q2 FY 18 Q3 FY 17 (INDAS Compliant figures) Net Sales 40091 31330 15193 13442 11169 EBITDA 2560 562 1571 966 35 Depreciation 2216 1936 760 762 670 Finance Cost 1906 1808 675 643 611 PBT Before Exceptional Items -1562 -3182 137 -443 -1246 Exc
Slide 8: Production Performance
PRODUCTION PERFORMANCE All figures In Million Tonne 13.9 Q3 9M 12.9 12.8 12.4 10.46 SALEABLE 10.24 STEEL 3.31 3.60 PRODUCTION (incl. SSPs) FY 14 FY 15 FY 16 FY 17 2017-18 2018-19 Annual Quarterly/9M Q3 9M 13.4 12.4 12.4 11.9 SALEABLE 9.88 10.23 STEEL PRODUCION 3.19 3.50 (5 ISPs) 2017-18 2018-19 FY 1
Slide 9: Production Performance: FY18
PRODUCTION PERFORMANCE : FY18 11.2% 1.2% CRUDE STEEL BOF 14.8% Ingot PRODUCTION EAF Route BY PROCESS THF CC 85.2% Route 87.6% SALEABLE STEEL PRODUCTION 44.3% Commodity BY PROCESS 55.7% Value Added (5 ISPs)
Slide 10: Production Performance: FY 2016-17 Product Mix
PRODUCTION PERFORMANCE : FY 2016-17 SAIL 19.4% PRODUCT MIX : 53.9% 5 ISPs 26.8% 27.2% 57.1% 15.7% BSP 30.9% 69.1% DSP Flats RSP 97.9% 2.1% Longs Semis 99.3% 0.7% BSL 59.4% 40.6% ISP
Slide 11: Production Performance
PRODUCTION PERFORMANCE Parameter 9M H1 9M MAJOR 17-18 17-18 16-17 TECHNO-ECONOMIC Coke Rate (kg/thm) 460 464 477 PARAMETERS Fuel Rate (kg/tcs) 558 561 559 Sp. Energy Consumption 6.54 6.57 6.63 (GCal/TCS) BF Productivity (T/m3/day) 1.68 1.66 1.65 356 3 315 320 322 302 278 258 LABOUR PRODUCTIVITY FY 1
Slide 12: Sales Performance
SALES PERFORMANCE All figures In Million Tonne 13.1 Q3 9M 12.1 11.7 12.1 11.1 TOTAL SALES 9.7 10.3 (incl. SSPs) 3.3 3.8 FY 13 FY 14 FY 15 FY 16 FY 17 2016-17 2017-18 Annual Quarterly/9M Q3 9M 12.7 11.6 11.2 11.7 SALES 10.7 10.1 9.3 OF 5 ISPs 3.1 3.7 2016-17 2017-18 FY 13 FY 14 FY 15 FY 16 FY 17
Slide 13: SAIL Stock Price Movement
SAIL STOCK PRICE MOVEMENT SAIL's Share Price (Rs.) Sensex Points 34057 34083 33213 29918 30922 31730 35965 28052 27866 28743 33149 25607 26653 32515 31284 25342 29621 31146 23002 28452 26668 27000 27930 26627 27656 92 89 78 83 64 61 61 60 58 63 61 47 52 52 57 77 47 45 48 49 43 46 54 43 35 Closing Sh
Slide 14: Power Consumption – FY 2017-18
POWER CONSUMPTION – FY 2017-18 10.0% Own CPP Drawl from Grid 33.0% 57.0% JV CPP
Slide 15: SAIL's Modernisation & Expansion Plan
SAIL’s MODERNISATION & EXPANSION PLAN Actual Production Capacity After Million Tonne 2016-17 On-going Expansion Crude Steel 14.495 21.4 Saleable Steel 13.868 20.2 Technological Shift Before After Technology Expansion Expansion BOF Steel Making 79% 100% CC Route 71% 94% Pelletisation Plant No Yes Cok
Slide 16: Modernisation & Expansion Plan
MODERNISATION & EXPANSION PLAN Production through twin-hearth furnace (THF) route to be replaced by BOF-LD converter route. Production through Ingot – teeming route to be replaced with continuous cast production route. EXPECTED Enhancement of Production volume by addition of 2 new 4060 m3 Blas
Slide 17: Ongoing Projects (Capex)
ONGOING PROJECTS (CAPEX) (Rs. Crore) 12191 61870 1 Expansion of existing capacity 3509 2 Value-addition / Product-mix improvement 7039 22739 3 Technological up gradation / Modernization Sustenance including de-bottlenecking, AMR & 4 Environment 39131 39131 5 Total Estimated Cost In addition, a Capex
Slide 18: Capacity After Expansion
CAPACITY AFTER EXPANSION Saleable Steel Hot Metal (MTPA) Crude Steel (MTPA) (MTPA) Plant After After After 2016-17 2016-17 2016-17 Expansion Expansion Expansion BSP 5.0 7.5 4.7 7.0 4.0 6.6 DSP 2.3 2.5 2.0 2.2 1.9 2.1 RSP 3.1 4.5 2.9 4.2 2.7 4.0 BSL 3.4 5.8 3.2 4.6 3.4 4.2 ISP 1.8 2.9 1.4 2.5 1.3 2.4
Slide 19: Product Mix Post Expansion – Saleable Steel
PRODUCT MIX POST EXPANSION – SALEABLE STEEL Galvanized Products CR Coils/Sheets 7% 2% PET Products 1% Semis 9M FY 18 9% Structurals 7% HR Plates/Coils/Sh eets/skelp 30% Bars & Rods 19% Galvanized Rly Products PET Products 8% CR Products 3% PM Plates Coils/Sheets 1% 17% 11% Semis 12% Structurals HR 1
Slide 20: Modernisation & Expansion Plan - Salem Steel Plant
MODERNISATION & EXPANSION PLAN - SALEM STEEL PLANT Facilities added: •Steel melting Shop – Electric Arc Furnace (55 T); AOD Converter (60 T); Ladle Furnace (60 T); Single Strand Slab Caster. • Roll Grinder for Hot Rolling Mill • Cold Rolling Mill Complex Production (MTPA) : Item 2016-17 (Actual) Aft
Slide 21: Modernisation & Expansion Plan - IISCO Steel Plant
MODERNISATION & EXPANSION PLAN - IISCO STEEL PLANT Facilities Completed: • Raw Material Handling System • New Coke Oven Battery (0.88 Mtpa, 7 m tall) • Coke Dry Cooling Plant • Sinter Machines (3.88 Mtpa gross sinter production, 2x204 m²) • Blast Furnace 4160 m3 volume (2.7Mtpa) • 3 nos. of 150 T BO
Slide 22: Modernisation & Expansion Plan - IISCO Steel Plant
MODERNISATION & EXPANSION PLAN - IISCO STEEL PLANT New stream to produce 2.7 Mtpa of Hot Metal & 2.5 Mtpa of Crude Steel Production (MTPA) : Item 2016 -17 (Actual) After Expansion Crude Steel 1.397 2.50 Saleable Steel 1.339 2.39 The expanded capacity of IISCO Steel Plant has been dedicated to the N
Slide 23: Current Progress of Expansion at IISCO Steel Plant
Current Progress of Expansion at IISCO Steel Plant BURNPUR Coke Oven Battery Sinter Plant Blast Furnace BOF Converters Billet Casters Wire Rod Mill
Slide 24: Modernisation & Expansion Plan – Bokaro Steel Plant
MODERNISATION & EXPANSION PLAN– BOKARO STEEL PLANT Facilities Completed: • Re-building of Coke Oven Battery #1 & #2. • Up-gradation of Blast Furnace #2 and Stoves Up-gradation of #5 • Auxiliary Fuel Injection (CDI) in Blast Furnaces #2 & #3. • Turbo-Blower-8. • New CRM Complex (1.2 Mtpa) except HDGL
Slide 25: Current Progress of Expansion at Bokaro Steel Plant
Current Progress of Expansion at Bokaro Steel Plant Coke Oven Blast battery-2 Furnace-2 PLTCM Coil Packaging Line Skin Pass Mill Bell Annealing Furnace
Slide 26: Modernisation & Expansion Plan – Bhilai Steel Plant
MODERNISATION & EXPANSION PLAN– BHILAI STEEL PLANT Facilities Already Completed: • Ore Handling Plant part-A • Second Sinter Machine in Sinter Plant-3 (3.7 MTPA) • New Coke Oven Battery No. 11 (7 m tall, Capacity 0.881 mtpa) • Oxygen Plant (BOO basis) • Universal Rail Mill (1.2 MTPA) • Rail Welding
Slide 27: Current Progress of Expansion at Bhilai Steel Plant
Current Progress of Expansion at Bhilai Steel Plant Sinter Machine Coke Oven Battery - 11 Blast Furnace - 8 Continuous Caster - 1 Bar & Rod Mill Universal Rail Mill
Slide 28: Modernisation & Expansion Plan – Rourkela Steel Plant
MODERNISATION & EXPANSION PLAN– ROURKELA STEEL PLANT Facilities Completed: • New Coke Oven Battery -6 (7 m tall, 1 x 67 ovens) • New Sinter Plant -3 (1 x 360m²) • New Blast Furnace -5, useful volume - 4060 m3 • New 3rd Single Strand Slab Caster (1.5 MTPA) • New Oxygen Plant 2x700 tpd on BOO basis •
Slide 29: Current Progress of Expansion at Rourkela Steel Plant
Current Progress of Expansion at Rourkela Steel- 3Plant SINTER PLANT Coke Oven Battery - 6 Sinter Plant - 3 1 3rd BOF Converter 3rd Slab Caster BOF Converter Blast Furnace - 5 Tapping
Slide 30: Modernisation & Expansion Plan – Durgapur Steel Plant
MODERNISATION & EXPANSION PLAN– DURGAPUR STEEL PLANT Facilities Completed: • Rebuilding of Coke Oven Battery no-2 • New Ladle Furnace (125T) • Coke Sorting & Coal Handling Plant • New Dolomite Plant (300tpd) • Bloom-cum-Round Caster 1X4 (0.75 Mtpa) • New Medium Structural Mill (1.0 Mtpa) Production
Slide 31: Current Progress of Expansion at Durgapur Steel Plant
Current Progress of Expansion at Durgapur Steel Plant Coke Oven Battery-2 Ladle Furnace-3 Bloom cum Round Caster Medium Structural Mill
Slide 32: Raw Materials
RAW MATERIALS Iron Ore Hot Metal Year Consumption Linkages of Iron Ore (mtpa) (mtpa) 2016-17 15.73 25.332 Existing Mines The capacity of existing mines at Kiriburu, Meghahatuburu, Bolani & Gua are being ramped up to meet the requirement of Iron Ore for post ongoing phase of expansion New Pellet Plan
Slide 33: Raw Materials – Iron Ore
RAW MATERIALS – Iron Ore Existing Capacity* after Mine Capacity* ongoing Remarks (mtpa) expansion (mtpa) Kiriburu 5.50 5.50 Expansion at Kiriburu has already been completed whereas Meghathaburu is being ramped up to meet the Meghathaburu 5.00 6.50 requirement of the ongoing expansion plan. Bolani 7.
Slide 34: Raw Materials – Coal
RAW MATERIALS – Coal Hot Metal Coking Coal Year Linkages of Coking Coal (mtpa) Requirement (mtpa) • Import Component – 81.05% • Over 70% of imported coal is sourced from Australia. • Indigenous: 18.95% 2016-17 15.73 15.32 • Domestic coal is largely sourced from Coal India Ltd. • SAIL has existing ca
Slide 35: Major Joint Ventures
MAJOR JOINT VENTURES FOCUS AREA ALLIANCE PARTNER REMARKS A Special Purpose Vehicle, namely, ‘Chhattisgarh Mega Steel Limited’ has been formed for setting-up STEEL an Ultra Mega Steel Plant (UMSP) in Bastar area of Chhattisgarh. SAIL Bansal Service Center Limited – A JV with Bansal Metal Works Lt
Slide 36: Major Joint Ventures
MAJOR JOINT VENTURES FOCUS AREA ALLIANCE PARTNER REMARKS SAIL Kobe Iron India Pvt. Ltd. – A Joint Venture Company has been formulated for setting up a 0.5 TECHNOLOGY mtpa capacity Plant for producing iron nuggets based on ITmk3 technology. International Coal Ventures Pvt. Ltd., a SPV of 5 leadin
Slide 37: Major Joint Ventures
MAJOR JOINT VENTURES FOCUS AREA ALLIANCE PARTNER OBJECTIVE SAIL RITES Bengal Wagon Industry Pvt. Ltd. – A WAGON Joint Venture Company has been formed with M/s MANUFACTURE RITES for setting up Wagon Manufacturing Factory at Kulti, West Bengal. JV with Tata Steel to promote e-commerce E-PORTAL act
Slide 38: 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 39: 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
Steel Authority of India — Q3 FY2017-18 Earnings Presentation on 6ix