Jindal Stainless Limited

000 MT

tandalone Operational and Financial Performance 3 JSL: Key Financials Highlights Sales Volume (‘000 MT) Sales Composition Q2FY23 495 506 Export 5% 257 236 270 Q2 FY22 Q1 FY23 Q2 FY23 H1F

5%

SL: Key Financials Highlights Sales Volume (‘000 MT) Sales Composition Q2FY23 495 506 Export 5% 257 236 270 Q2 FY22 Q1 FY23 Q2 FY23 H1FY22 H1FY23 Shift (%) QoQ: 15% YoY: 5% 2% Dom

15%

495 506 Export 5% 257 236 270 Q2 FY22 Q1 FY23 Q2 FY23 H1FY22 H1FY23 Shift (%) QoQ: 15% YoY: 5% 2% Domestic 95% Agile business model allowed efficient increase of sales volumes across

2%

port 5% 257 236 270 Q2 FY22 Q1 FY23 Q2 FY23 H1FY22 H1FY23 Shift (%) QoQ: 15% YoY: 5% 2% Domestic 95% Agile business model allowed efficient increase of sales volumes across domestic seg

95%

236 270 Q2 FY22 Q1 FY23 Q2 FY23 H1FY22 H1FY23 Shift (%) QoQ: 15% YoY: 5% 2% Domestic 95% Agile business model allowed efficient increase of sales volumes across domestic segments viz. Aut

rs,

odel allowed efficient increase of sales volumes across domestic segments viz. Auto, Lifts & Elevators, Railway Wagons, Process industries and Ornamental Pipes & Tubes. Achieved highest-ever quarterly dom

13%

3 Q2 FY23 H1 FY22 H1 FY23 Q2 FY22 Q1 FY23 Q2 FY23 H1 FY22 H1 FY23 Shift (%) QoQ: 2% YoY: 13% 25% Shift (%) QoQ: (21)% YoY: (42)% (28)% PAT 363 287 189 634 476 Q2 FY22 Q1 FY23 Q2

25%

FY23 H1 FY22 H1 FY23 Q2 FY22 Q1 FY23 Q2 FY23 H1 FY22 H1 FY23 Shift (%) QoQ: 2% YoY: 13% 25% Shift (%) QoQ: (21)% YoY: (42)% (28)% PAT 363 287 189 634 476 Q2 FY22 Q1 FY23 Q2 FY23

8%

HL: Key Financials Highlights Sales Volume (‘000 MT) Sales Composition Q2FY23 339 316 Export 8% 188 183 132 Q2 FY22 Q1 FY23 Q2 FY23 H1 FY22 H1 FY23 Shift (%) QoQ: 39% YoY: (3)% (7)

39%

9 316 Export 8% 188 183 132 Q2 FY22 Q1 FY23 Q2 FY23 H1 FY22 H1 FY23 Shift (%) QoQ: 39% YoY: (3)% (7)% Domestic 92% Adapting to the changed market dynamics and intensified focus on do

92%

132 Q2 FY22 Q1 FY23 Q2 FY23 H1 FY22 H1 FY23 Shift (%) QoQ: 39% YoY: (3)% (7)% Domestic 92% Adapting to the changed market dynamics and intensified focus on domestic sales supported the volu

12%

2 Q1 FY23 Q2 FY23 H1 FY22 H1 FY23 Q2 FY22 Q1 FY23 Q2 FY23 H1 FY22 H1 FY23 Shift (%) QoQ: 12% YoY: 1% 10% Shift (%) QoQ: (7)% YoY: (41)% (31)% PAT 338 577 375 195 181 Q2 FY22 Q1

“Completion 2.10 1.25 0.75 0.35 530 1,250 Q3 FY23 Q4 FY23 Q3 FY24 315 55 2,150 JSHL Projects Precision Strip PS Phase -1 PS Phase-2 Blade Steel BS Phase -1 BS Phase-2 Sub Total JSHL Total Project Cost Existing Capacity KTPA 22 14 Incremental Capacity KTPA 38 26 12 10 6 4 Total SPD KTPA Est.”

Merged Proforma

1

Jindal Stainless Ltd.

1

Email

1

Merged Proforma

Stable Operational Performance Revenue 35,348 32,620 4,740 EBITDA 4,085 16,744 1,526 FY22 TTM H1 FY23 FY22 TTM H1 FY23 Interest Cost 327 331 163 PAT PBT 2,949 2,571 836 FY22 TTM H1 FY23 FY22 TTM H1 FY23 14 Note: Standalone proforma financials; All figures in INR. crore unless stated otherwise TTM : Trailing twelve months from Oct’21 Consolidating Balance Sheet Strength Net Debt (INR Cr) Net Debt / Equity Net Debt / EBITDA (42)% 0.8 4,718 3,162 2,757 0.3 0.3 2.3 0.7 0.7 Mar’20 Mar’22 Sep’22 Mar’20 Mar’22 Sep’22 Mar’20 Mar’22 Sep’22  Despite challenges in operational performance, balance sheet continues to remain strong  Leverage ratios maintained at attractive levels 15 Note: Standalone proforma financials (merged entity) Annexure 16 JSL: Abridged P&L Statement (Standalone) Particular (Rs. crore) Q2FY23 Q2FY22 YoY Change (%) Revenue from operations Total Expenditure EBITDA EBITDA/ton 5,442 5,031 411 4,815 4,104 711 15,208 27,685 13% 23% (42%) (45%) Q1FY23 5,336 4,813 523 22,216 QoQ Ch

Jindal Stainless Ltd.

Jindal Stainless Ltd. (JSL) is amongst the leading stainless steel manufacturing companies in the world and India's largest stainless steel manufacturer. The Company operates an integrated stainless steel plant at Jajpur, Odisha. The complex has a total stainless steel capacity of 1.1 million tonnes per annum. Jindal Stainless (Hisar) Ltd.: (JSHL) is the largest specialty Jindal Stainless (Hisar) Ltd. stainless steel producer in India with a diversified value-added product portfolio. The company operates an integrated stainless steel plant at Hisar, Haryana. JSHL has a total melting capacity of 0.8 million tonnes per annum. 24 Goutam Chakraborty / Shreya Sharma Jindal Stainless Tel: +91 11 2618 8345