Jindal Steel Limited · NSE:JINDALSTEL
Jindal Steel — Jindal Steel & Power — Q1 FY2021 Earnings Presentation
35 slides from Jindal Steel's earnings presentation, Jul 22, 2020
Slide 1: Jindal Steel & Power exchange intimation letter
JINDALY STEEL & POWER July 22, 2020 BSE Ltd. The National Stock Exchange of India Ltd Corporate Relationship Department, Exchange Plaza, 5th Floor Ast 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 Mu
Slide 2: Q1 FY'21 Industry Update & Key Performance Highlights
Q1 FY’21 Industry Update & Key Performance Highlights 22nd July, 2020
Slide 3: Forward looking statements disclaimer
This presentation may contain certain forward looking statements concerning Steel & power sector , Economy and JSPL’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forwa
Slide 4: Q1 FY'21 Highlights
Q1 FY’21 HIGHLIGHTS INDUSTRY UPDATE COMPANY UPDATE
Slide 5: Revenue & EBITDA in FY20
REVENUE & EBITDA IN FY20 (Figures in Rs. Crores) REVENUE (Rs. In Cr) Standalone Consolidated 39,388 36,944 27,844 22,706 18,350 19,943 20,070 19,626 18,632 27,730 26,228 17,523 15,114 14,691 13,687 15,502 13,518 12,852 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 EBIDTA (Rs. In Cr) (Figures
Slide 6: JSPL Consolidated Debt Bridge
JSPL CONSOLIDATED DEBT BRIDGE Debt Bridge 1QFY21 (Rs. In Crores) 40000 1587 264 35000 26 30000 25000 20000 35919 34621 15000 10000 5000 0 Net Debt as on 31st Mar'20 Debt reduction Fx Impact(Addition due to FX ) Movement in Cash & Cash Net Debt as on 30th Jun'20 Equivalents
Slide 7: Q1 FY'21 Industry Update
Q1 FY’21 INDUSTRY UPDATE HIGHLIGHTS COMPANY UPDATE
Slide 8: Indian Steel Industry: Q1 FY21 Major Highlights
Indian Steel Industry : Q1 FY21 Major Highlights` (All Fig in Mt) Annual Quarter 111 109 27.9 Crude Production (Q1 FY21) 16.3 (1.5)% (42)% The Crude steel production decreased by 42% (y-o-y) FY19 FY20 Q1FY20 Q1 FY21 99 100 24.8 Finished Steel Consumption (Q1 FY21) 11.1 1.4% (55)% Finished Steel
Slide 9: World Steel Industry
World Steel Industry > Global Steel Industry : Steel Production with spread of Covid 19 (Fig in Mt) • Economic activity in China World China Rest of World becomes normal since low point during Feb’20 769 412 365 729 317 404 2% (6)% (13)% • China: May’20 production increased by 4.2% (y-o-y) to 5m CY1
Slide 10: Power Business
POWER BUSINESS Sector-wise PLF (%) Energy Requirement vs Availability (in BUs) 90 1275 1290 86 84 85 1300 82 1213 85 81 79 1200 1143 1268 1284 80 76 1114 1205 74 75 73 72 73 1069 71 1100 70 1135 996 1002 1091 70 65 1000 71 64 937 1031 65 62 67 68 61 60 862 66 900 831 960 60 56 56 58 55 909 59 60 55
Slide 11: IEX Clearing Price Trend
IEX CLEARING PRICE TREND 6.30 RTC Power Exchange Prices – W3 Region (Rs./kWh) 5.73 5.30 4.69 4.57 FY 15-16 4.30 3.97 FY 16-17 FY 17-18 3.68 4.02 3.58 FY 18-19 3.45 3.33 3.68 3.68 3.30 3.33 FY 19-20 3.05 3.30 3.38 3.32 3.06 FY 20-21 3.33 3.32 3.22 3.19 3.20 3.19 3.06 2.57 2.92 2.91 2.85 2.85 2.35 2.3
Slide 12: Installed Capacity in India as on 30th Jun 2020
Installed Capacity in India as on 30th Jun 2020 is 371 GW vis-à-vis 358 GW as on 30th Jun 2019 205 201 46 45 38 36 35 29 25 25 22 21 Coal Hydro Wind Gas Solar Others Installed Capacity GW (Jun 20) Installed Capacity GW (Jun 19) Source: CEA
Slide 13: Q1 FY'21 Highlights
Q1 FY’21 HIGHLIGHTS INDUSTRY UPDATE COMPANY UPDATE
Slide 14: Business Segments
BUSINESS SEGMENTS STEEL POWER GLOBAL VENTURES Current Capacities – Domestic & Global 8.6 MTPA Steel* 2.4 MTPA Steel IPP – 3400MW 3.11 MTPA* Iron ore Coal & Iron Ore CPP – 1634 MW 9 MTPA* Pellet Plant Mines *Domestic
Slide 15: Steel Capacities Across Life Cycle
STEEL CAPACITIES ACROSS LIFE CYCLE IRON MAKING LIQUID STEEL FINISHED STEEL (10.25 MTPA) (11.00 MTPA) (7.95 MTPA) WRM 0.60 MTPA Capacity DRI 4.92 MTPAin deail RUBM 0.75 MTPA SMS 11.00 MTPA MLSM 0.60 MTPA BF 5.33 MTPA Plate Mill 2.20 MTPA BRM 3.80 MTPA
Slide 16: Detailed Plant Wise Capacities
DETAILED PLANT WISE CAPACITIES Raigarh Angul Barbil Patratu Oman JPL Mining (Chhattisgarh) (Odisha) (Odisha) (Jharkhand) CGP BF 2.125 MTPA 225,000 DRI 1.8 Nm3/Hr MTPA DRI 1.32 MTPA BF 3.2 MTPA WRM Capacity in deail 0.60 SMS DRI 1.8 MTPA 3.6MTPA MTPA SMS 2.5 SMS 2.4 Iron Plate Mill MTPA Pellet Tamnar
Slide 17: Manifold Growth in Capacity in Last 6 Years
MANIFOLD GROWTH IN CAPACITY IN LAST 6 YEARS FY ‘14 FY ‘20 STEEL - INDIA 3 MTPA 8.6 MTPA ~2.86x POWER 1,000 MW 3400 MW 3.4x OMAN 0 MTPA 2.4 MTPA Add PELLET 4.5 MTPA 9 MTPA ~2x All major capex completed – scale of growth is approx. Three Times
Slide 18: Growth on Track
GROWTH ON TRACK PRODUCTION IN FY19 PRODUCTION IN FY20 GROWTH STEEL – INDIA* 5.59 MT 6.30 MT 13% STEEL – OMAN 1.71 MT 1.87 MT 9% ROM- MOZAMBIQUE 1.71 MT 2.50 MT 47% (COKING COAL) PELLET 7.08 MTPA 7.28 MTPA 3% ROM-SOUTH AFRICA 0.34 MT 0.43 MT 27% (ANTHRACITE COAL) *incl. Pig Iron
Slide 19: JSPL Standalone Key Financials
JSPL STANDALONE KEY FINANCIALS (Rs. In Crores) Q4 FY 20 Q1 FY 21 PARAMETER Q1 FY 21 Q1 FY 20 6,767 6,741 Gross Revenue* 6,741 8,203 5,930 6,281 Net Revenue 6,281 7,085 1,562 1,828 EBITDA 1,828 1,608 26% 29% EBITDA % 29% 23% 568 562 Depreciation + Amortization 562 567 623 604 Interest 604 697 372 663
Slide 20: JSPL - Power Capacities
JSPL - POWER CAPACITIES Independent Power Projects (IPP) CAPACITY CONFIGURA PROJECT FUEL STATUS (MW) TION TAMNAR 1 1,000 Coal 4x250 MW Operational TAMNAR 2 2,400 Coal 4x600 MW Operational Captive power projects (within JSPL) Raigarh CAPACITY PROJECT FUEL CONFIGURATION STATUS Tamnar (MW) Angul DCPP,
Slide 21: Jindal Power Limited
JINDAL POWER LIMITED 96.43% subsidiary of JSPL EUP -I EUP -II EUP -III 1000MW (4 X 250) 1200MW (2 X 600) 1200MW (2 X 600)
Slide 22: PPA Arrangements
PPA ARRANGEMENTS PERIOD QUANTUM PROJECT BUYER TYPE FROM TO (MW) TAMNAR II Tamil Nadu Long Term Feb-14 Sep-28 400 (PHASE 1) TAMNAR II Long Term Jun-16 May-41 200 (PHASE 1) KSEB TAMNAR II Long Term Oct-17 Sep-42 150 (PHASE 1) TAMNAR II Long Term After commercial operation 60 (PHASE 1) Chhattisgarh of
Slide 23: JPL Key Financials
JPL KEY FINANCIALS (Rs. In Crores) Q4 FY 20 Q1 FY 21 PARAMETER Q1 FY 21 Q1 FY 20 913 856 Turnover 856 1,114 333 368 EBITDA 368 360 36% 43% EBITDA % 43% 32% 334 257 Depreciation + Amortization 257 289 208 211 Interest 211 217 (188) 20 PBT 20 (3) (134) 39 PAT 39 23 265 285 Cash Profit 285 286 2,430 2,
Slide 24: Key Contractual Arrangements for JPL
KEY CONTRACTUAL ARRANGEMENTS FOR JPL TAMNAR-I, 1,000 MW (EUP I) TAMNAR-II - 1,200 MW (EUP II) TAMNAR-II - 1,200 MW (EUP III) Long term linkage from Coal sourced through – Coal sourced through – Mahanadi Coal Limited FSA market purchase and e- market purchase and e- (MCL) and South Eastern auct
Slide 25: Summary of International Operations
SUMMARY OF INTERNATIONAL OPERATIONS SHADEED, OMAN 1.8 MT DRI , 2.4 MT SMS Plant & 1.4MTPA Rebar Mill – an Integrated Steel Plant MOZAMBIQUE, AFRICA 5 MTPA coal mine in Mozambique’s coal-rich Moatize region SOUTH AFRICA, AFRICA AUSTRALIA JSPL’s Kiepersol Colliery produces Anthracite coal, 60.
Slide 26: Holding Structure for Global Operations
HOLDING STRUCTURE FOR GLOBAL OPERATIONS Jindal Steel & Power Ltd Listed Operating Entity in India Jindal Steel & Power (Mauritius) Ltd Holding company for overseas business Oman Australia South Africa Mozambique 2.4 MTPA Steel plant Coking Coal Anthracite Coal Thermal/ Coking Coal
Slide 27: JSPL Consolidated Key Financials
JSPL CONSOLIDATED KEY FINANCIALS (Rs. In Crores) Q4 FY 20 Q1 FY 21 PARAMETER Q1 FY 21 Q1 FY 20 9,649 9,741 Gross Revenue* 9,741 11,066 8,811 9,279 Net Revenue 9,279 9,946 2,220 2,384 EBITDA 2,384 2,173 25% 26% EBITDA % 26% 22% 757 982 Depreciation + Amortization 982 1054 1,008 1,004 Interest 1,004 1
Slide 28: COVID Response: JSPL Remains Committed to Serve the Nation
COVID 19 RESPONSE: JSPL REMAINS COMMITTED TO SERVE THE NATION
Slide 29: Key Customers & Adding...
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Slide 30: Odisha
ODISHA INTEGRATED STEEL PLANT , ANGUL PELLET PLANT, BARBIL
Slide 31: Chhattisgarh
CHHATTISGARH INTEGRATED STEEL PLANT,RAIGARH STEEL FABRICATION PLANT, PUNJIPATRA HEAVY MACHINERY DIVISION, RAIPUR TAMNAR,3400 MW POWER PLANT
Slide 32: Jharkhand
PANTHER JINDAL? JHARKHAND WRM & BRM, PATRATU
Slide 33: Jindal Shadeed, Oman
JINDAL SHADEED, OMAN
Slide 34: Investor relations contacts
For any information please contact: - Mr. Nishant Baranwal – Head, Investor Relations Tel : +91 11-41462198 Mobile:+91 8800690255 Email: - nishant.baranwal@jindalsteel.com Mr. Gourav Sancheti– Asst. Manager, Investor Relations Tel : +91 0124-6612317 Mobile:+91 9038240683 Email: - gourav.sancheti@jin
Slide 35: Thank You!
To the Taskforce guarding INDIA against the Corona Virus Pandemic Thank You !
Jindal Steel & Power — Q1 FY2021 Earnings Presentation on 6ix