Slide 1: Intimation to exchanges - Earnings Presentation
JINDAL SL STAINLESS 17th May, 2023 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, Exchange Plaza, 51h Floor, 1st Floor, New Trading Ring, Plot no. C/1, G Block Rotunda Building, P J Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 001 M
Slide 2: Q4 & FY23 Earnings Presentation
JINDAL STAINLESS LTD Q4 & FY23 Earnings Presentation May 17, 2023
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (referred to “respective company (ies)”) for this joint earning presentation, are purely for information purposes only and is not, and is not intended to be, an offer, o
Slide 4: Standalone Operational and Financial Performance
Standalone Operational and 3 Financial Performance
Slide 5: Key Financials Highlights
Key Financials Highlights Sales Volume (‘000 MT) Sales Composition Q4 FY23 Export 1,764 13% 1,671 508 Domestic 444 468 87% Q4 FY22 Q3 FY23 Q4 FY23 FY22 FY23 Shift (%) QoQ: 8% YoY: 14% 6% Sales Composition FY23 Export 11% Highest quarterly sales in Q4 FY23 on the back of growing end-user industry dem
Slide 6: Key Financials Highlights
Key Financials Highlights Net Revenue EBITDA 4,720 35,030 32,292 3,567 9,596 9,001 9,444 1,283 1,097 947 Q4 FY22 Q3 FY23 Q4 FY23 FY22 FY23 Q4 FY22 Q3 FY23 Q4 FY23 FY22 FY23 Shift (%) QoQ: 5% YoY: -2% 8% Shift (%) QoQ: 16% YoY: (15)% (24)% PAT 2,790 2,014 Continuous agility in sales and operations pl
Slide 7: Debt Position & Key Ratios
Debt Position & Key Ratios Borrowings (Standalone) As on As on As on Net Debt/Equity March March March 0.5 (INR crore) 2023 2022 2021 Debt 0.3 Long term debt 3,012 2,685 2,787 0.2 Short term debt 477 714 451 Total Debt 3,489 3,400 3,238 Cash & Bank balances 898 220 103 FY21 FY22 FY23 Net Debt 2,591
Slide 8: Key Updates
Key Updates Dividend Update The Board of Directors (BoD) of Jindal Stainless recommended a Final Dividend payment @Re 1.50 for FY23 to the shareholders on account of improved financial performance, taking the total dividend payment to Re 2.50 i.e. 125% per equity share with a face value of Rs 2 ea
Slide 9: Project Update
Project Update Stainless steel melt shop capacity expansion of 1 million tonne was completed in March 2023, along with the expansion of supporting downstream facilities in Jajpur, taking the total melt capacity of the Company to 2.9 million tonnes per annum within the committed timelines 13 8
Slide 10: JUSL Performance
JUSL Performance Shift (%) YoY: 21% Shift (%) YoY: (10)% Shift (%) YoY: 74% Shift (%) YoY: (4)% 16 All figures in INR. crore unless stated otherwise
Slide 11: Market Update
Market Update Railways – wagons, coaches, metros Infrastructure Process Industry • Demand for wagons increased • Lifts and elevators segment has significantly. Outlook remains been stable with positive outlook positive • Demand for special grades e.g. Duplex, Super Austenitic, • Focus on passenger a
Slide 12: Key Raw Materials- Price trend
Key Raw Materials- Price trend Nickel (USD/ MT) 28,940 26,395 25,983 25,292 22,063 19,125 19,821 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Note: Average quarterly prices; Source: LME Ferrochrome (INR/ MT) 118,782 117,746 115,895 115,115 110,840 100,558 97,073 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY2
Slide 13: Annexure
Annexure 12
Slide 14: Abridged P&L Statement (Standalone)
Abridged P&L Statement (Standalone) YoY QoQ YoY Particular (Rs. crore) Q4FY23 Q4FY22 Q3FY23 FY23 FY22 Change (%) Change (%) Change (%) Revenue from operations 9,444 9,596 (2%) 9,001 5% 35,030 32,292 8% Total Expenditure 8,347 8,313 0% 8,054 4% 31,463 27,572 14% EBITDA 1,097 1,283 (15%) 947 16% 3,567
Slide 15: Abridged P&L Statement (Consolidated)
Abridged P&L Statement(Consolidated) YoY QoQ YoY Particular (Rs. crore) Q4FY23 Q4FY22 Q3FY23 FY23 FY22 Change (%) Change (%) Change (%) Revenue from operations 9,765 9,726 0% 9,063 8% 35,697 32,733 9% Total Expenditure 8,621 8,314 4% 8,194 5% 32,111 27,642 16% EBITDA 1,144 1,412 (19%) 868 32% 3,586
Slide 16: FY23: Quarterly Sales Volume
FY23:Quarterly Sales Volume Sales Volume (‘000 MT) 508 468 433 356 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 15
Slide 17: Shareholding Pattern
Shareholding Pattern JSL (Merged Entity) Floating Stock (%) FII 22.8% Promoters Other 57.9% 42.1% Retail & Others 13.1% DII 6.2% 16
Slide 18: Contact Us
Contact Us About Us: Jindal Stainless is India's leading stainless steel producer with manufacturing facilities at Jajpur, Odisha and Hisar, Haryana, and an overseas unit in Indonesia. It has six service centres in India and one in Spain, besides a worldwide network of 14 offices and 10 sales office
Slide 19: Thank You
Thank You 26