Steelcast Limited has informed the Exchange about Investor Presentation under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.

AC/2079

04.08.2022

The Secretary, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, MUMBAI - 400 001

National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, Plot No.C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Scrip Code: 513517

Scrip Symbol: STEELCAS

Dear Sir/Madam,

Subject:

Submission of Investor Presentation under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.

In accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find the Investor Presentation for the Quarter ended 30th June, 2022 (Q122-23) as an attachment. This is for the general information of the investors and public at large. This Investor Presentation may also be accessed on the website of the company at www.steelcast.net

We request you to take the same on record and disseminate on your respective websites.

Thanking you,

For STEELCAST LIMITED,

(Umesh V Bhatt) COMPANY SECRETARY

L:\AC\2079\COMPLIANCES\SECRETARIAL\NSE and BSE Announcements\Presentation\2022.08.05\Covering Letter.docx

Bhatt Umeshkumar VasantrayDigitally signed by Bhatt Umeshkumar Vasantray Date: 2022.08.04 20:05:50 +05'30' Investor Presentation – Q1FY23

Safe Harbor

This presentation has been prepared by and is the sole responsibility of Steelcast Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing

restrictions.

This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any

securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this

presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as

to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are

in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if the information,

opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking statements by

terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”,

“would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the

Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking

statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully

implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow

projections, and (g) other risks.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may

alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.

2

Q1FY23 Financial Performance

3

Q1FY23 Performance Highlights

Q1FY23 (Y-o-Y)

Highlights

Revenue 115.6 Crs

120%

Robust revenue and profitability growth was on the back of strong orderbook from customers across all industry and was driven by good volumes and better operational efficiencies

EBITDA 24.1 Crs

PAT 14.1 Crs

108%

Revenue from Operations for Q1FY23 is Rs.115.6 Crores, an increase of ~120 % compared to Q1FY22 and an increase of ~24 % compared to Q4FY22.

Softening of input prices witnessed during Q1FY23 led to improved value addition.

167%

The approval from Association of American Railroad(AAR) is at advanced stage and supply expected to commence from Q3FY23

4

Q1FY23 Consolidated Key Highlights

Revenue (Rs. in Crs)

EBIDTA (Rs. in Crs)

PAT (Rs. in Crs)

+92%

302.0

+103%

63.7

+180%

33.3

157.7

120%

115.6

108%

31.4

24.1

167%

14.1

11.9

52.6

11.6

5.3

Q1FY22

Q1FY23

FY21

FY22

Q1FY22

Q1FY23

FY21

FY22

Q1FY22

Q1FY23

FY21

FY22

5

Geographical Revenue growth (Y-o-Y)

Exports

Domestic

+100 bps

60.0%

61.0%

-100 bps

40.0%

39.0%

Q1FY22

Q1FY23

Q1FY22

Q1FY23

6

Revenue Breakup (Q1FY23)

Segment-wise Revenue (%)

Geography-wise Revenue (%)

1.0%

Total revenue Rs. 116 Cr

99.0%

OEM Sales Replacement Market

39.0%

Total revenue Rs. 116 Cr

61.0%

Domestic Exports

7

Quarterly Profit & Loss Statement

Particulars (Rs.Crs )

Revenue from Operations

Cost of Materials consumed

Changes in Inventories of finished goods & work in progress

Manufacturing Expense

Power, Fuel & Water Charges

Consumption of Stores & Spares

Total Raw Material

Value Addition

Employee Expenses

Other Expenses

EBITDA

EBITDA %

Depreciation and Amortisation Expense

Finance Costs

Other Income

PBT

PBT Margin

Exceptional Items

Tax Expenses

PAT

PAT %

EPS (₹)

Q1 FY23

Q1 FY22

Y-o-Y

Q4 FY22

115.6

28.5

7.9

11.2

16.4

15.6

79.7

35.9

8.2

3.6

24.1

52.6

15.2

-3.7

5.4

8.1

8.0

33.1

19.5

6.3

1.7

11.6

20.8%

22.0%

4.6

0.7

0.3

19.0

16.4%

0.0

4.8

14.1

12.2%

7.0

4.3

0.2

0.0

7.1

13.5%

0.0

1.8

5.3

10.1%

2.6

119.8%

84.3%

108.2%

166.5%

167.1%

93.0

26.8

-2.7

11.5

15.0

14.1

64.7

28.3

7.6

3.1

17.6

18.9%

4.3

0.4

0.1

13.0

14.0%

0.0

3.4

9.6

10.4%

4.8

Q-o-Q

24.3%

26.8%

37.0%

45.7%

46.8%

FY22

302.0

95.0

-26.9

34.4

49.5

48.5

200.5

101.6

28.4

9.5

63.7

21.1%

17.7

1.6

0.3

44.7

14.8%

0.0

11.5

33.3

11.0%

16.4

8

Balance Sheet Ratios

Long term Debt (Rs. Crs.)

Short term Debt (Rs. Crs)

Debt to Equity

28

70

Due to increase in business activity

63

0.91

14

13

9

Mar-18

Mar-19

Mar-20

Mar-21

Repaid entire LT debt

0 Mar-22

25

17

14

0.45

0.40

0.25

0.18

Mar-18

Mar-19

Mar-20 Mar-21 Mar-22

Mar-18 Mar-19

Mar-20

Mar-21

Mar-22

RoCE

RoE

Working Capital (in Days)

26.6%

28.4%

22.3%

21.7%

23.3%

147

143

16.8%

14.7%

13.2%

9.8%

6.8%

100

74

74

Mar-18 Mar-19 Mar-20

Mar-21 Mar-22

Mar-18 Mar-19

Mar-20

Mar-21

Mar-22

Mar-18

Mar-19 Mar-20

Mar-21

Mar-22

9

Company Overview

10

Company Overview

One of the few companies in India and Globally manufacturing Steelcastings based on Sand and Shell Casting Process

Premier Position

Company enjoys a Premier Position in the Steel Casting Industry in India

Diverse Industrial Sectors Catering to diverse Industrial sectors like Earth Moving, Mining & Mineral Processing, Locomotives, Rail Road, Construction etc.

Wide Range of Casting Products

Caters to a host of OEM’s

Wide range of casting products including Austenitic Manganese Steel and High Chromium ferro alloys

Catering to a host of Original Equipment Manufacturer (OEMs)

Highly Reputed Multinationals Clientele

Recognitions & Certifications

Caters to highly reputed multinationals clientele both in India and abroad including Fortune 500 companies

11

Key Strengths

Experienced Board back by a strong management team

Diversified Business Model, catering to varied sectors

Well Experienced Team

Unique Business Model

Recognitions & Certifications

Strong R&D and Technological Capabilities. These also are entry barriers in the business

Technology and R&D

Supplies to Premium Customer Brands

Marquee Customers

Locational Advantage

Plant situated in Bhavnagar, Gujarat has great connectivity with Ports, major cities through road and rail and through water ways

Proximity to raw material source

Global Footprints

Manufacturing Capabilities

“Two-Star Export House Status holder” Expected to increase the presence 15+ countries in the next 5 years

Developed path breaking products and process which lead to Scale-up of Business, Reduction of cost which resulted in higher profitability

12

Diversified Business Model catering to Varied Industries

Existing Segments*

Earth Moving Industry

Mining

Mineral Processing Industry

Steel Plants

Cement

Construction

Foray into New Segments

Railways

Electro Locomotive

Ground Engaging Tools (GETs)

* Business done is with all OEMs

13

Focus on Research & Development…

Cost Reduction

• R&D team constantly involved in Cost reduction techniques and activities

De-Sulphorise and De-Phosphorise

• Our R&D Team has developed successfully a process to De-Sulphorise and De-Phosphorise the liquid metal In Induction Furnace

Product Development

• Producing complicated Low Alloy Steel Track Shoe Castings with Polymer quenching facility for most of our OEM customers in Earth Moving Equipment Manufacturing Industry

Undertakes

• Failure Analysis of Products

• Process & Product development work

in Metallurgical areas

• Support

selection/application materials

customers of

in specific

Quality Assurance

• Well laid out quality assurance and R&D set-up regular audit checks and

which undertakes ensures high quality

• Management attaches high importance to this

activity

Regular Audit Checks • State-of-the-Art Testing Facilities

• Detailed manual for measuring and testing of various raw materials, stores and other items

"Approved R&D Laboratory“ by the Department of Science & Technology, Government of India

14

… with continuous Technology Upgradation

the Art mechanical and

thermal State of reclamation Plants for ensuring consistent quality of mold backing and facing sand; one of vital element for producing quality castings, at both the plants

Replacement of existing Spectrometer by much advanced version, also capable of in Metal which helps measuring Nitrogen better Nitrogen control for casting quality

Installation of much advanced Quenching & Agitation System for Water / Polymer Quenching of Castings, for meeting Metallurgical challenges

Installation of battery of Fully Automated CNC Machines for ensuring consistent dimensional quality of Machined Castings

1

2

3

4

5

6

7

8

Conversion of all heat treatment furnaces from liquid fuel (FO/LDO) to Gas based (LPG), for achieving much higher thermal uniformity inside the furnace chamber; an essential aspect for metallurgical quality of castings

•

•

•

•

Installation of 20T Double Door Heat Treatment, for more consistent temperature uniformity

Installation of In-line mold drying tunnel/hood, for consistent and uniform mold drying, in both the Plants

Installation of high-tech roll over type flood coat unit for better & consistent refractory coating molds

Installation of fully automated pouring/cooling line for ensuring consistent cooling of poured castings

• Replacing from conventional Co2 molding process to

PUNB No Bake Process

• Conversion of manual molding to fully automated

flask-less fast loop molding line

Benefits from newer Processes & Technology

 Development of Railway Castings – Side Frames, Bolsters, Couplers, Bogies, etc.

 Reduction in Throughput Time

 Substantial Reduction

in Sub Surface

Defects

 Reduction in External Rejections leading to

Reduced PPM Levels

 Enhancement in Overall Quality

 Improvement in Overall Yield

 Adopted Superior moulding process by converting Sand Moulding CO2 Process to No Bake Pepset Process

15

Locational Advantage

Situated in Bhavnagar, Gujarat, which is a power surplus state

Skilled manpower is easily available with minimal labor cost

Company’s own 66KV power transmission station with 10MW power available 24X7

Availability of Natural Gas by Gujarat Gas Limited for all fuel requirements through pipeline

Scrap – the major raw material is available with high degree of purity and at competitive price from Alang, Asia’s biggest Ship recycling yard, situated just 50 km away

Connectivity to Pipavav Port, which is just 130 KM away, is one of the most important locational advantages for the company

Well connected with major cities of Gujarat and other places through Rail and Road network

Connected through water ways with Hazira, Surat, cutting down distance of 370 Kms to 60 Kms. Having regular Ro-Pax ferry services from Ghogha, Bhavnagar to Hazira, Surat

16

Best in Class Manufacturing Capabilities…

Company manufactures steel casting products by adopting sand-based manufacturing process by using No Bake and Shell Molding techniques

Capacity expansion to 30,000 MTPA from 13,000 MTPA and simultaneously upgraded its production processes and introduced newer methods

Produces steel and alloy casting in various weights from 2.5 Kg to 2,500 Kg through sand and shell molding process.

Has installed one of the best foundry equipment from M/s. IMF, Italy and M/s. OMEGA, UK - helps company in ensuring reproducibility at every workstation

Designed and installed an agitating system in quench tank, one of the best in the country and at par with best practices in the world

Company has already developed in excess of 300 parts and further to develop more than 100 parts in coming 2 – 3 years

Company has developed path breaking products and process which lead to Scale-up of Business, Reduction of cost which resulted in higher profitability

17

… with focus on Design & Engineering

Design & Engineering

No Bake Molding

Shell Molding Process

Heat Treatment

for pouring In house magma software simulation pro engineering for methoding leveraging engineering capability to enhance productivity elimination needless process & reduction re-work

Fully automated flaskless molding line with flood coating, Drying Tunnel, Auto Closer & Roll Over

• Use resin coated quartz sand

• Semi Automatic Core Shooter

Machines: 23 Nos

• Battery of Gas fired furnaces having capacities of 3 to 5

tons and 20 tons per charge

•

Inhouse Water Quenching with Agitation System and Polymer Quenching facilities and Pressure Reduction Station of PNG and LPG Bullets (20 Tons Capacity)

Quality Assurance

CNC Machine Shop

Induction Hardening

Power

•

Inhouse facilities of Non-Destructive Testing like Magnetic Particle Testing,

• Ultrasonic Testing, Die Penetrate Testing One

Shot MPI Machine.

• NABL approved Laboratory

• Area 30,000 Sq. Ft.

• Two Stations with 220 Kw

• Total No, of CNC Machines: 27 Nos

• Each case depth up to 22 mm

• Standby D.G. Sets of 2000 KVA

for

uninterrupted power supply

•

Installed inhouse 66 KV Substation to enhance power requirement

18

State of Art Manufacturing Facilities

P1

P2

P5

12,000 tonnes per annum

6,000 tonnes per annum

12,000 tonnes per annum

Process Type : Sand Molding - Mold box based molding facility

Process Type : Shell Molding (Corning) Process

•

•

•

Has semi-automated molding line

Use for heavy casting (80 Kg to 2,200 Kg), Poly Urethane No Bake (PUNB) binder system; which is unique and is used by only a few leading foundries in the world

Has the advantage of yielding highest productivity in this class of binder system which helps in lowering the cost of manufacturing

•

•

•

advantages

Has high dimensional accuracy over conventional Sand Molding Process

very

for

For low weight casting (2.5 Kg to 50 Kg)

Through series of experiments has made it possible to make steel and alloy steel casting using is amongst few foundries in the World doing so

this process and

Process Type : Sand Molding - Automated loop line and Flask less Molding Line

•

•

•

•

Fairly flatter in shape (Non-Cubical) and generally weighing over 700 Kgs per piece

Since it is having Flask less Molding Line, it is desirable to have items having large runs

Has probably the highest reclaim-ability among chemically bonded sand for re- use

Not only this helps in the preservation of natural resources but also result in cost reduction

19

Presence across the Globe

Denmark

USA

Mexico

Germany

India - Headquartered

South Korea

China

Japan

Thailand

Singapore

Brazil

Australia

Export Presence

“Two-Star Export House Status holder”

Expected to increase the presence 15+ countries in the next 5 years

Disclaimer: Map not to scale. All data, information and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness

20

Recognitions & Certifications

 1st Steel Foundry in India to get ISO:9002

Certification

 An ISO:9001-2015 Company certified by TUV

NORD, Germany (for Quality)

 An ISO:14001-2015 Company certified by TUV NORD, Germany (for Environment)

 An ISO 45001:2018 Company certified by (for Occupational

TUV NORD, Germany Health & Safety).

 Accreditation by Association of American Railroad (AAR) for “Quality Assurance facilitating Certification as per M1003” manufacturing of Parts for American Railroad Freight & Locomotive Industry. Under process

 Supplier Quality Excellence Program (SQEP) Bronze certification from Caterpillar Inc. USA since October 2016

 An EN 9100:2018 certified by TUV NORD,

Germany (for Aerospace).

 Class A approved Railways, India

foundry by Ministry of

 Accreditation for SQEP Bronze certificate for

Excellence in Quality by Caterpillar, USA

 Accreditation by Transport & Power Generation program (TPG) for Casting, Heat Treatment & Non-Destructive Testing

 Accreditation by Association of American

Railroad (AAR) under Renewal Process

 Accreditation

(National an Accreditation Board for Testing and Calibration Laboratories) approved Laboratory.

NABL

as

…many more

21

Recognitions & Certifications (contd…)

Company’s Products, Processes, Safety Standards and Environment Friendly Mechanism meets with Global standards and certification

Recipient of Shri Laxmanrao Kirloskar Best Foundry Award from the Institute of Indian Foundrymen

Recipient of Award for achieving Highest Rating in the ranking of India's Top 500 manufacturing Small & Mid Sized Companies

Approved Foundry under Indian Boilers Regulations

"Best Vendor (Category- Castings)" award from M/s. Bharat Earth Movers Ltd., Bangalore, in recognition of outstanding performance in supply of materials

Recognized as an "Approved Contractor" by the Director of Quality Assurance, Government of India

22

Experienced Board of Directors

Mr. Chetan M. Tamboli, Managing Director & CEO

• Aged 60 years, a third-generation entrepreneur, is a commerce graduate armed with an MBA Finance from USA

• Serving as a CEO since 2003 with total experience of more than 30 years. Looks after strategy, policy making and overall management

• Served as the Chairman Board of Governors, Government Engineering College, Bhavnagar, Gujarat since 2014

Mr. Rushil C Tamboli, Non-Executive Non-Independent Director

• Aged 31 years, is an Engineering graduate with Industrial Engineering (I.E.)

• Heading various departments and contributed to improve fuel efficiency of heat treatment operations, developing new parts, achieving improvement in Man hours per ton

Ms. Vidhi C Tamboli, Non-Executive Non-Independent Director

• Aged 29 years, is a Master of Arts & Master of Education (Psychology)

• Heading Human Resource department of the Company

• She is having experience as career counselor in India and overseas and is

involved in various Corporate Social Responsibility (CSR) activities

Mrs. Aarushi M Ganatra, Independent Non-Executive Director

• Aged 63 years, is a graduate in Commerce

• She also heads a consultancy firm to advise in business, finance & investments

• Has worked for over 3 decades at various levels in the field of Statutory audits, internal

audits and human resource training.

Mr. Rajendra V Gandhi Independent Non - Executive Director

Mr. Apurva R Shah Independent Non- Executive Director

• Aged 70 years, graduated from Indian Institute

of Technology, Bombay

• Experience of more than 35 years, Managing

Director at GRP Ltd

• Previously employed as Member-Managing Committee by All India Rubber Industries Association and Member-Governing Council by Indian Rubber Manufacturers Research Association

• Aged 50 years, he has received his

undergraduate degree from London School of Economics and Political Sciences

• Experience of more than 15 years,

• He is an Independent Director at GRP Limited, Acrysil Limited, Florican Chemicals and Resins Private Limited

Mr. Hemant D Dholakia Independent Non- Executive Director

Mr. T Kumar Permanent Invitee

• Aged 55 years, he has completed his master’s

• Aged 80 years, is a B. Tech graduate (IIT,

degree in Marketing and Finance from University of Scranton, USA

Khadagpur) armed with M.E. (Foundry) (IISc, Bangaluru)

• Has experience in manufacturing industries more than 38 Years. He is the Managing Director at Goran Pharma Pvt. Ltd.

• Director at Hansrx Pvt. Ltd. & Partner at

Parag Perfumes, Sihor

• Permanent Invitee to the Board and its

committee meetings since September 2018 with total experience of about 50 years in the Company.

• He also served as CFO since May 2015

23

Future Strategy

24

Clear Focus on De-Risking Business

Strategy for Steelcast 2.0

THEN

NOW

De-Risking Business Strategies

Capacity Expansion

13,000 MTPA

30,000 MTPA

No. of Parts manufactured

No. of Customers

Geography presence

End-user Industry presence

104

11

2

3

300+

42

15

9

to

Focus concentration particular segment

reduce to a

Company will be focusing on railroad to industries, increase customer base and number of parts.

Data is of last 5 years

25

Rationalization Measures

Product Development

Business Development

Initiated a rationalization plan since last 2 years

Reduced manpower cost per unit by increasing productivity

Company to set up 5 MW Solar Power Plant in Gujarat region for captive consumption

25 years PPA signed for solar & wind hybrid power project which will bring considerable savings

Reduced consumption norms of few key materials

Reduction in internal rejection which was around 6.0% is now averaging less than 4%

Reduction in throughput time for processing of castings – thus unlocking of capital from working capital needs

26

THANK YOU

Company:

CIN: L27310GJ1972PLC002033

Name: Mr. Subhash Sharma, CFO

Email ID: ss@steelcast.net

Investor Relations Advisors:

Mr. Rajesh Agrawal +91 9967491495 rajesh.agrawal@linkintime.co.in

Mr. Faraz Ahmed +91 9619705150 faraz.ahmed@linkintime.co.in

27