TATASTEELNSE6 February 2023

Tata Steel Limited has informed the Exchange about Investor Presentation

Tata Steel Limited

The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470/890144*

Dear Sir, Madam,

February 6, 2023

The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051. Maharashtra, India. Symbol: TATASTEEL/TATASTLPP*

Sub: Submission of Investor Presentation to be made to Analysts/Investors

Please find enclosed herewith the investor presentation to be made to Analysts/Investors on the Financial Results of Tata Steel Limited for the quarter and nine months ended December 31, 2022.

This presentation is being submitted in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended.

The same is also being made available on the Company’s website www.tatasteel.com

This is for your information and records.

Thanking you.

Yours faithfully, Tata Steel Limited

Parvatheesam Kanchinadham Company Secretary & Chief Legal Officer (Corporate & Compliance)

Encl: As above

*Securities in scrip code 890144 and symbol TATASTLPP stand suspended from trading effective February 17, 2021

Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India Tel 91 22 6665 8282 Fax 91 22 6665 7724 Website www.tatasteel.com Corporate Identity Number L27100MH1907PLC000260

Tata Steel Results Presentation

Financial quarter ended December 31, 2022

February 06, 2023

Safe harbour statement

Statements in this presentation describing

Company’s performance may be “forward

looking statements” within the meaning of

applicable securities laws and regulations.

Actual results may differ materially from

those directly or

indirectly expressed,

inferred or implied. Important factors that

could make a difference to the Company’s

operations incl., among others, economic

conditions affecting demand / supply and

price conditions in domestic and overseas

markets in which the Company operates,

changes in or due to the environment,

Government

regulations,

laws, statutes,

judicial

pronouncements

and/or

other

incidental factors.

Tata Steel, West Bokaro, India

3QFY23

Performance Update

Tata Steel Jamshedpur, India

Focused on creating sustainable value

Leadership in Sustainability

Leadership in India

Leadership position in technology & digital

Consolidate position as global cost leader

Robust financial health

Become future ready

Net Zero by 2045 Pursuing sustainability through multiple pathways

Targets

Initiatives

2025 ▪ Achieve <2 tCO2 per ton of crude steel in India ▪ Gradually phase out BFs in Netherlands and replace with

DRI, REF and IF

▪ Finalisation of roadmap in UK focused on utilising local

scrap in consultation with government

2030

▪ Achieve <1.8 tCO2 per ton of crude steel in India ▪ Achieve 30% lower specific emissions vs. 2020 in Europe

Higher scrap charge

Alumina in Iron ore

Multilocation EAF

Renewable energy

Reducing ash in Coke

Upscaling CCU pilots

Cleaner fuel

Partnering with Academia

HIsarna

New smelting technology

2045

▪ Net Zero

Note : BF – Blast Furnace, DRI – Direct Reduced Iron, REF - Reducing Electric Furnace, IF – Induction Furnace, CCU – Carbon Capture & Utilisation, EAF – Electric Arc Furnace

Focus on ‘Zero harm’ Committed towards excellence in Safety & Health of our employees

Safety remains a top priority

71% LTIFR1

In the last 15 years

s e i t i l

a t a F

FY19

FY20

FY21

FY22

9MFY23

Safety Line Walks Focus on Zero harm

Tata Main Hospital, Jamshedpur ~1,000 beds + state-of-the-art facilities

8 0 Y F

9 0 Y F

0 1 Y F

1 1 Y F

2 1 Y F

3 1 Y F

4 1 Y F

5 1 Y F

6 1 Y F

7 1 Y F

8 1 Y F

9 1 Y F

0 2 Y F

1 2 Y F

2 2 Y F

3 2 Y F M 9

▪ ‘FELT Leadership’ for workforce incl. NINL to improve awareness

▪ ‘Industrial hygiene’ assessment

to minimise health hazards

▪ Leveraging digital to minimise man –

machine interface

▪ Organised awareness programs in India; covering 4,200+ employees

1 Lost Time Injury Frequency Rate per million-man hours worked, for Tata Steel Group, NINL - Neelachal Ispat Nigam Limited

2.50

2.00

1.50

1.00

0.50

0.00

Improving quality of life of our communities Social capital and scalable change models to enable deep societal impact

Rural & Urban Education

14.2 Lakh+

Household Health & Nutrition

Lives Impacted1

Tribal Cultural Heritage

Grassroots Rural Governance

Women & Youth Empowerment

~Rs 1,380 crores spent2 since FY19

Dignity for the Disabled

315

406

222

193

242

Reached out to 4.8 lakh+ children via signature education programs and >48,000 children brought back to school

Household Livelihoods

Water Resources

Grassroots Sports

Public Infrastructure

FY19

FY21

9MFY23

1 Cumulative as of Dec 31, 2022 2 CSR Spending by Tata Steel Standalone

Growth in India to consolidate market leadership Future investments set to drive sector leading returns

Leadership in India

EAF, Punjab

India Crude Steel production by 2030

Jamshedpur Jamshedpur

TSLP

Meramandali

Kalinganagar

NINL

g n n M

From ~30 MTPA to

60-65 MTPA

Iron ore mining

l e e t S e d u r C

n o i t c u d o r P

m a e r t s n w o D

From ~21 MTPA to

From ~16 MTPA to

From ~5 MTPA to

~40 MTPA

By 2030, option to grow beyond

~27 MTPA

s t a l F

~13 MTPA

s g n o L

Crude steel production

Tubes

Wires

Tinplate

Ductile Iron Pipes

From 1 MTPA to

2 MTPA

From 0.45 MTPA to

From 0.38 MTPA to

From 0.2 MTPA to

1 MTPA

Key Steelmaking sites (Flats and Longs)

Mining and Downstream

Ongoing growth projects

Note: Map not to scale

EAF – Electric Arc Furnace, TSLP – Tata Steel Long Products, NINL – Neelachal Ispat Nigam Ltd

Value accretive consolidation with multiple benefits

Unlisted

Listed

TS Mining

S&T Mining

Indian Steel & Wire Products

TSLP Swap ratio 6.7

TCIL Swap ratio 3.3

Tata Metalliks Swap ratio 7.9

TRF Ltd. Swap ratio 1.7

Reduced corporate and compliance costs

Optimal resource use, lower royalty

Faster growth, stronger balance sheet

Provide greater liquidity to shareholders

Note : TSLP – Tata Steel Long Products, TCIL – Tinplate Company of India Limited, TS Mining – Tata Steel Mining, S&T Mining – Joint Venture between SAIL & Tata Steel, Swap ratio is the number of Tata Steel’s shares that will be offered in exchange for one share of merging entity

5MTPA Expansion at Kalinganagar on track

Flats: ~25%1 market share driven by value added growth across chosen segments

Phased commissioning of 6 MTPA pellet plant at Kalinganagar has begun

Pellets

Note : 1. The 25% market share is in terms of domestic deliveries in India

Longs: Construction landscape in India being rapidly reshaped due to a confluence of factors

India steel demand to grow with GDP

Longs to grow at higher rate given government focus and urbanisation

Longs Industry structure → Opportunity to grow on demand formalisation

Today

Future

▪ Demand is project based and discrete

▪ Manual / Labour

intensive / Cast-in-situ

▪ Secondary players

have ~60% capacity share in Longs

Note : 1. The 25% market share is in terms of domestic deliveries

▪ Collaborative, Wide

range of products and solutions

▪ Mechanised, Pre-cast & Prefab steel structure

▪ Opportunity to grow and consolidate

10 10

Longs: Well-placed to more than double market share Leveraging future growth in construction and infrastructure pan India

~3x Longs capacity driven by BF + EAF mix

~5 MTPA in 2022 ~5 MTPA in 2022

Established brands and enhanced physical and virtual reach

Moving up the value chain by being a solution partner

~13 MTPA in 2030 ~15 MTPA in 2030

▪ Long product facilities across three sites including

▪ Long products capacity across 4+ sites, driven by NINL

Neelachal Ispat Nigam Limited

and modular EAFs

▪ Retail business of Rs 10,500 crores on

annualised basis

▪ Doubling presence in retail by FY27

▪ Tata Tiscon’s pan India network – 40+ distributors and 8,600 dealers, serves 8,000 pin codes with 44% reach

▪ Enhancing physical reach to 10,000+ pin codes (53% reach), complemented by virtual platform Aashiyana

▪ Product range including downstream products and

solutions capable to service end to end requirements

▪ Moving up the value chain via ready to use solutions and setting up service centers closer to customer to drive pre-sale design and site management

Note : BF – Blast Furnace, EAF – Electric Arc Furnace, NINL – Neelachal Ispat Nigam Limited

Note : 1. The 25% market share is in terms of domestic deliveries

10 10

Flats + Longs: Focus on innovative solutions and operating model to move up the value chain

Cut and bend

45+ service centres by FY27 to drive pre-sale design and site management to enhance value addition

MILL

Home making solutions

LGSF Construction

Mesh and Bore piles

Marquee projects

Doors and Furniture

LGSF (Light Gauge Steel Frame) offers several benefits over the traditional RCC (Reinforced Cement Concrete) construction → Lighter, greener and shorter construction time

Tata Steel Europe : Product mix oriented towards evolving needs Green steel offerings – Zeremis in Netherlands & Optemis in UK

Supplier for leading Auto OEMs

Energy and Mobility

Infrastructure and Construction

Note : Zeremis = Zero Emissions (Tata Steel Netherlands), Optemis = 0% Port Talbot Emissions (Tata Steel UK), OEM – Original Equipment Manufacturer

Financial management to enable returns across cycle

Balance sheet management

Maximising ROIC

Investment grade metrices

Portfolio restructuring

Medium-term (Across cycle targets)

Target Leverage

Net Debt/EBITDA

Interest Cover

Target RoIC1

Dividend Policy

Future readiness

Cost optimisation

Green finance framework

Margin management

15%

Progressive dividend policy; robust pay-out

Note : 1. ROIC – Return on Invested Capital

Tata Steel Meramandali, India

3QFY23

Financial Results

Global steel spreads have been subdued especially in Europe, partly due to inflated energy cost

▪ Global steel prices continued to moderate till mid-Nov but since then have began to recover on inflation and China cues

▪ Iron ore prices rose from <$100/t to $120/t levels by end December. Coking coal prices continue to remain volatile and are close to $300/t

▪ In China, reopening has led to a surge in COVID cases, but has also sparked expectations of a demand rebound and led to improved sentiment

▪ In Europe, steel spot spreads have moderated to around $270/t level and the spread incl. natural gas, electricity & carbon costs is <$200/t level

China Steel spot spreads (Domestic, Export)

EU Steel spread including energy, carbon costs

HRC spot gross spreads ($/t)

China domestic Spreads

China export Spread

EU Steel spot spread

EU spread (w Energy, Carbon)

450

300

150

0 Dec-20

750 1,000

500

250

Jun-21

Dec-21

Jun-22

Dec-22

0 Dec-20

Jun-21

Dec-21

Jun-22

Dec-22

Sources: World Steel Association, IMF, Bloomberg, Steelmint; China HRC export spread = China HRC export FOB – 1.65x Iron Ore (62% Fe CFR) - 1x Coal (Premium HCC CFR); China HRC domestic spot spread is with China HRC domestic prices; EU HRC spot spreads = HRC (Germany) - 1.6x iron ore (fines 65%, R’dam) - 0.8x premium hard coking coal (Aus) - 0.1x scrap (HMS, R’dam) ; EU spot spread incl. energy = EU HRC spot spread – Carbon cost – 0.5 x NG ($/Mwh) – 0.15 x Electricity ($/Mwh)

Steady improvement in India economic activity; Eurozone inflation has peaked but remains elevated

India

▪ Economic activity in India remained resilient despite global cues. Apparent steel consumption rose 8% on QoQ basis. Export duty was removed on 19th November

Europe ▪ Economic activity remains subdued. Industrial output has declined by around 1.3% QoQ basis due to sustained inflationary pressures

▪ Infra / Construction and Capital goods continued to improve while automotive witnessed marginal drop

▪ Eurozone inflation stood at 9% YoY in December; energy

prices have moderated but remain volatile

Key steel consuming sectors*

Key steel consuming sectors (%, YoY growth)

Capital Goods

Infrastructure/ construction goods

Automotive

Machinery

Construction

Vehicles (units)

100%

50%

-50%

150

100

0 Nov-19

May-20

Nov-20

May-21

Nov-21

May-22

Nov-22

Nov-20

Feb-21

May-21

Aug-21

Nov-21

Feb-22

May-22

Aug-22

Nov-22

Sources: Bloomberg, SIAM, Joint Plant Committee, MOSPI, CMIE, Eurostat and Tata Steel, *Figures of Industrial Production for Capital Goods, Infrastructure/Construction, consumer durables and railways are rebased to Nov'18=100 using FY12 index based sector weights; number of units produced as per SIAM; growth of key steel consuming sector is calculated by removing sub-segments which do not consume steel

India1

Deliveries grew by 7% on YoY basis during the quarter Broad based growth in domestic deliveries

mn tons

4.42

0.66

1.30

1.62

0.35

0.50

4.91

0.67

1.53

1.81

0.36

0.54

4.74

0.64

1.46

1.86

0.39 0.38

3QFY22

2QFY23

3QFY23

Automotive

BPR

IPP

Downstream

Exports

Tata Steel has supplied 75% of rebar requirement of Bogibeel bridge, Assam - Only bridge in India that has fully welded steel concrete composite girders.

Note: , 1 India incl. Tata Steel Standalone and Tata Steel Long Products, BPR

– Branded Products and Retail, IPP – Industrial Products and Projects

India

Industrial Products & Projects: Record sales for the quarter Consistent growth driven by rise in value added products

▪ During the quarter, Industrial Products & Projects

registered 15% growth on YoY basis

▪ Active engagement and expanded product range has

led to 17% YoY growth in

o Oil & Gas

o Lifting & Excavation

o Pre-Engineered buildings

▪ Value added products make up around 40% of IPP

volumes

▪ Supplier of steel for marquee government

infrastructure projects across India

Note : IPP – Industrial Products & Projects

India Branded Products & Retail : Micro-segmentation to drive demand

in the face of market volatility

segments

TDCs

sub segments

140

TDCs

micro- segments

350+

TDCs

General Engineering

Appliances

Washing Machine Refrigerator Air Conditioner

Key Enablers

All-weather demand

Partner MSMEs

Market leader

Ability to shift within micro-segments based on demand

Consistent & growing sales to MSMEs (25 – 30% in last 2 qtrs.)

Embedding into OEM value chain at component level

Note : TDC – Technical Delivery Conditions, MSME – Micro, Small & Medium enterprises, OEM – Original Equipment Manufacturer

India New products developed across customer segments

36 new products developed in nine months of the financial year

Auto: Fender & muffler cover (Bright Finish 0.7mm thickness)

Auto: Commercial Vehicle rim (4.5mm & 6.2 mm thickness)

Appliances: Electrical Steel Grade for fan motor, armature etc.

Infrastructure: Low Relaxation Prestressed Concrete Strand (WR C82BCrX)

Construction: Cut and Bend Rebars (500D in Coil, 16 mm thickness)

Furnishing: Holding Wire for Bonnel Spring (WR HC58A, Thickness: 5.5mm)

Tata Steel Consolidated

(All figures are in Rs. Crores unless stated otherwise)

Production (mn tons)1

Deliveries (mn tons)

Total revenue from operations

Raw material cost2

Change in inventories

Employee benefits expenses

Other expenses

EBITDA

Adjusted EBITDA3

Adjusted EBITDA per ton (Rs.)

Other income

Finance cost

Pre exceptional PBT

Exceptional items (gain)/loss

Tax expenses

Reported PAT

Other comprehensive income

3QFY23

2QFY23

3QFY22

Key drivers for QoQ change:

7.56

7.15

57,084

28,231

1,791

5,342

17,671

4,154

2,727

3,812

271

1,768

243

(160)

2,905

(2,502)

(3,629)

7.56

7.23

59,878

31,058

281

5,318

17,160

6,271

5,817

8,045

329

1,519

2,625

1,308

1,297

(3,414)

7.76

7.01

60,783

24,086

(3,960)

5,683

19,080

15,853

15,890

22,663

1,532

12,359

193

2,567

9,598

887

▪ Revenues: decreased primarily driven by drop in

realisations across geographies

▪ Raw Material cost: decreased primarily due to lower

coking coal consumption cost

▪ Change in inventories: primarily driven by drop in value of slab inventory at Europe to be consumed during relining of one of the blast furnaces

▪ Other expenses: increased on higher consumables,

repairs and rise in freight and handling charges

▪ EBITDA: decline was primarily driven by compression in

margins at European operations

▪ Tax expenses: include non-cash deferred tax of Rs 2,150 crores, primarily relating to movement in BSPS

1. Production Numbers: Standalone & Tata Steel Long Products - Crude Steel Production, Europe - Liquid Steel Production; SEA - Saleable Steel Production. 2. Raw material cost includes raw material 23 consumed, and purchases of finished and semi-finished products. 3. Adjusted for changes on account of FX movement on intercompany debt / receivables. BSPS - British Steel Pension Scheme

Consolidated EBITDA1 stood at Rs 2,727 crores Margin compression in Europe offset the increased margin in India

5,817

in Rs crores

4,043

169

2,312

1,190

▪ Selling Result: Primarily due to drop in steel

realisations across geographies

▪ Cost Changes: due to decline in raw material

costs especially coking coal

2,727

deliveries in India

▪ Volume/Mix: primarily driven by slightly lower

▪ Others: relates to higher consumables,

power and energy costs

Adjusted EBITDA 2QFY23

Selling Result

Cost Changes

Volume/Mix

Others

Adjusted EBITDA 3QFY23

1 EBITDA adjusted for foreign currency revaluation gain/loss on offshore liabilities / assets

Net debt stood at Rs 71,706 crores Broadly stable on QoQ basis, liquidity remains strong at Rs 15,943 crores

87,516

1,366

1,430

87,649

15,943

in Rs crores

71,706

Gross Debt Sep'22

Addition of new leases

Loan movement

FX Impact and Others

Gross Debt Dec'22

Cash, Bank & Current Investments

Net Debt Dec'22

Key metrices are at investment grade levels

EBITDA Margin (%)1

EBITDA / ton (Rs.)1

Interest Coverage Ratio (x)1,2

Gross & Net Debt (Rs. crore)

26.2%

21,626

11.7

19.8%

18.9%

17.2%

12.2%

9,337

11,110

6,267

14.1%

10,838

12,125

3.9

4.1

69,215

2.4

1,16,328

1,00,816

92,147

7.3

1,04,779

94,879

88,501

87,649

75,561

75,389

71,706

51,049

Net

Gross

FY 18

FY 19

FY 20

FY 21

FY22

9MFY23

FY18

FY19

FY20

FY21

FY22

9MFY23

FY18

FY19

FY20

FY21

FY22

9MFY23

FY18

FY19

FY20

FY21

FY22

9MFY23

Net Debt / EBITDA (x)

Net Debt / Equity (x)

Credit Rating

5.91

3.20

3.19

2.44

FY18

FY19

FY20

FY21

1.76

0.80 FY22

9MFY23

1.37

1.42

1.43

0.98

0.65

0.52

FY18

FY19

FY20

FY21

FY22

9MFY23

7 BBB-/ Baa3

6 BB+/ Ba1

BB/ Ba2 5

BB-/ Ba3 4

3 B+/ B1

2 B/ B2 1

B-/ B3 0 Apr-17

Investment Grade

S&P

Moody's

Positive

May 2022

July 2022

Note : All data is on consolidated basis; 1. FY20 and FY21 incl. Southeast Asia Operations which is reclassified as continuing operations; 2. Interest Coverage Ratio: EBITDA / Interest, LTM basis

Apr-18

FY18 FY19 FY20 FY21 FY22 9MFY23 26

Apr-20

Apr-22

Apr-19

Apr-21

Outlook

Steel demand

Stable China steel output even as demand gradually picks up on reopening and stimulus measures by the government

Visible pickup in India demand across segments, export duty removal and government focus on infrastructure to drive supply – demand fundamentals

Economic slowdown concerns, Geopolitics and inflation – rate hike dynamics raising uncertainty in EU, select steel end use sectors like automotive to gradually recover

Steel prices

Raw material prices

Asia steel prices to gradually recover on improving sentiment in China and demand outlook

Coking coal prices to remain volatile on resumption of China coal trade with Australia & weather-related supply disruptions

India steel prices to improve on sustained improvement in underlying demand and cost push factors

Seaborne iron ore prices to be aided by China demand dynamics and weather & labour shortages at major suppliers

European steel prices to be affected by seasonality and recessionary concerns; supply cuts should drive better market balance

European power and energy costs to remain elevated on tight natural gas markets but likely to moderate as alternate energy supply (coal, renewables) picks up

Annexures

Tata Steel Kalinganagar, India

Tata Steel Standalone

Continued focus on operational efficiencies and minimizing environmental impact

Coke Rate (kg/thm)

Specific Energy Consumption (Gcal/tcs)

3 6 3

5 5 3

6 5 3

3 5 3

Good

6 4 3

4 8 . 5

0 8 . 5

9 7 . 5

Good

Specific Fresh Water Consumption (m3/tcs)

Good

0 5 . 3

0 1 . 3

0 7 . 2

1 7 . 2

8 6 . 2

7 6 . 5

3 6 . 5

FY19

FY20

FY21

FY22

9MFY23

FY19

FY20

FY21

FY22

9MFY23

FY19

FY20

FY21

FY22

9MFY23

CO2 Emission Intensity (tCO2/tcs)

Specific Dust Emission (kg/tcs)

Solid Waste Utilisation (%)

5 3 . 2

1 3 . 2

2 3 . 2

3 4 . 2

Good

9 3 . 2

2 4 . 0

8 3 . 0

9 3 . 0

4 3 . 0

Good

5 3 . 0

0 0 1

9 9

Good

0 0 1

FY19

FY20

FY21

FY22

9MFY23

FY19

FY20

FY21

FY22

9MFY23

FY20

FY21

FY22

9MFY23

Tata Steel Standalone

(All figures are in Rs. Crores unless stated otherwise)

Production (mn tons)

Deliveries (mn tons)

Total revenue from operations

Raw material cost1

Change in inventories

Employee benefits expenses

Other expenses

EBITDA

Adjusted EBITDA2

Adjusted EBITDA per ton (Rs.)

Other income

Finance cost

Pre exceptional PBT

Exceptional items (gain)/loss

Tax expenses

Reported PAT

Other comprehensive income

3QFY23

2QFY23

3QFY22

Key drivers for QoQ change:

4.77

4.59

30,465

14,598

451

1,610

8,647

5,334

4,763

10,379

907

1,073

3,623

912

2,705

(43)

4.64

4.76

32,245

16,336

1,499

1,647

7,920

5,135

4,158

8,741

1,018

958

3,555

880

2,655

4.64

4.25

31,964

11,030

(1,693)

1,553

8,906

12,167

12,179

28,631

280

644

10,444

181

2,579

7,683

154

▪ Revenues: marginal decline primarily driven by drop in

net realisations

▪ Raw Material cost: decreased due to lower coking coal

consumption cost

▪ Other expenses: increased on higher consumables and freight and handling charges, which were partly offset by lower royalty related expenses

▪ EBITDA: margin improved as moderation in raw material costs more than offset the drop in prices

▪ Other Income: was lower and driven by movement in mark to market instruments & reduced dividend income

▪ Finance cost: increased on higher debt and rise in

benchmark interest rates

1. Raw material cost includes raw material consumed, and purchases of finished and semi-finished products 2. Adjusted for changes on account of FX movement on intercompany debt / receivables

TSUK

TSN

Key operating parameters

Coke Rate (kg/thm)

Specific Energy Consumption (GJ/tcs)

2 2 3

7 1 3

5 7 2

1 1 3

9 7 2

4 2 3

1 9 2

Good

0 4 3

0 0 3

2 . 4 2

9 9 9 1

8 . 3 2

9 7 9 1

8 . 2 2

2 2 0 2

0 1 . 3 2

8 3 0 2

Good

0 2 . 3 2

2 6 9 1

CO2 Emission Intensity (tCO2/tcs)

Good

1 2 . 2

7 7 1

2 2 . 2

6 7 1

4 1 . 2

7 7 1

6 1 . 2

8 7 1

8 1 . 2

7 7 1

FY19

FY20

FY21

FY22

9MFY23

FY19

FY20

FY21

FY22

9MFY23

FY19

FY20

FY21

FY22

9MFY23

Specific Fresh Water Consumption (m3/tcs)

Specific Dust Emission (kg/tcs)

Solid Waste Utilisation (%)

7 . 8

0 . 6

0 . 5

5 . 6

9 . 4

2 . 5

8 . 4

Good

2 . 7

2 . 5

4 6 . 0

7 5 . 0

9 6 . 0

5 5 . 0

Good

4 6 . 0

6 2 0

8 2 0

0 3 0

4 2 0

6 9

8 7

4 7

Good

9 9

9 7

6 7

5 7

4 7

1 6

CY18

CY19

CY20

CY21

CY22

CY18

CY19

CY20

CY21

CY22*

CY18

CY19

CY20

CY21

CY22*

Note : *CY22 is an estimate. TSUK and TSN report these KPIs on a calendar basis aligned to regulatory requirements in their respective geographies

3QFY23

2QFY23

3QFY22

Key drivers for QoQ change:

Tata Steel Europe

(All figures are in Rs. Crores unless stated otherwise)

Liquid Steel production (mn tons)

Deliveries (mn tons)

Total revenue from operations

Raw material cost1

Change in inventories

Employee benefits expenses

Other expenses

EBITDA

EBITDA per ton (Rs.)

2.24

1.99

20,745

10,025

1,455

3,196

7,629

(1,551)

(7,810)

2.40

1.87

21,559

11,090

2.57

2.16

22,769

10,599

(1,400)

(2,184)

3,114

6,972

1,788

9,540

3,673

7,747

2,942

13,642

1. Raw material cost includes raw material consumed, and purchases of finished and semi-finished products

▪ Revenues: were lower due to drop in steel realisations, this was partly offset by 6% QoQ growth in deliveries

▪ Raw Material cost: declined on lower coking coal and

iron consumption cost

▪ Change in Inventories was driven by decline in

weighted average cost of inventory and NRV loss on steel inventory amounting to ~£55 million

▪ Other Expenses: increased as higher consumables,

repairs and bulk gas related costs were partly offset by decline in emission rights related costs

▪ EBITDA: witnessed margin compression as realisations

moved lower even as total costs remain elevated

Tata Steel Long Products

Key operating parameters

Coke rate (kg/thm)

PCI rate (kg/thm)

Carbon Emission (tCO2/tcs)

6 8 4

0 2 Y F

4 7 4

1 2 Y F

0 0 5

2 2 Y F

Power consumption (KVAH/tcs)

5 5 6

0 2 Y F

1 0 6

1 2 Y F

1 7 6

2 2 Y F

Good

9 9 4

3 2 Y F M 9

Good

8 3 6

3 2 Y F M 9

1 1 1

0 2 Y F

8 2 1

1 2 Y F

Electrode consumption (kg/tcs)

3 . 1

0 2 Y F

5 . 1

1 2 Y F

6 1 1

2 2 Y F

4 . 2

2 2 Y F

Good

5 1 1

3 2 Y F M 9

Good

4 . 2

3 2 Y F M 9

5 . 4

0 2 Y F

3 . 4

1 2 Y F

Crude Steel Yield (%)

9 . 1 8

0 2 Y F

6 . 2 8

1 2 Y F

4 . 4

2 2 Y F

9 . 2 8

2 2 Y F

Good

0 . 4

3 2 Y F M 9

Good

8 . 2 8

3 2 Y F M 9

Tata Steel Long Products (Consolidated with NINL)

3QFY231

2QFY231

3QFY22

Key drivers for QoQ change:

(All figures are in Rs. Crores unless stated otherwise)

Total revenue from operations

Raw material cost2

Change in inventories

Employee benefits expenses

Other expenses

EBITDA

2,113

1,908

(365)

107

835

(352)

1,869

1,358

106

562

(229)

EBITDA per ton (Rs.)3

(18,184)

(14,594)

EBITDA Margin (%)

Reported PAT

(787)

(662)

▪ Revenues: increased on higher volumes as NINL has

commenced operations. This was partly offset by lower realisations relating to Steel and DRI

▪ Raw Material cost: increased on higher production

QoQ at NINL. Excluding NINL, raw material costs were lower due to decline in coal prices

▪ Employee benefit expenses: remained broadly stable

on QoQ basis

▪ Other Expenses: increased due to rise in freight, power and fuel related expenses. Royalty also witnessed an increase due to higher usage of captive ore

1,677

1,013

(15)

370

255

15,526

15.2%

104

1. Post acquistion of NINL, figures for 3QFY23 and 2QFY23 are on consolidated basis 2. Raw material cost includes raw material consumed, and purchases of finished and semi-finished products 3. EBITDA/Steel deliveries

▪ EBITDA: TSLP standalone EBITDA in 3Q stood at

Rs 87 crores vs. loss of Rs 52 crores in 2Q

Tinplate Company of India Limited

Key operating parameters

CO2 Emission Intensity (tCO2/tFP)

Fresh Water Consumption (m3/tFP)

4 6 . 0

9 1 Y F

6 6 . 0

0 2 Y F

1 7 . 0

1 2 Y F

Power consumption (KWH/tFP)

6 1 4

9 1 Y F

9 2 4

0 2 Y F

9 4 4

1 2 Y F

Good

5 6 . 0

3 2 Y F M 9

Good

4 2 4

3 2 Y F M 9

2 6 . 0

2 2 Y F

7 0 4

2 2 Y F

1 . 2 1

9 1 Y F

0 . 3 1

0 2 Y F

7 . 3 1

1 2 Y F

2 . 2 1

2 2 Y F

CRM Material Yield (%)

9 8

9 1 Y F

0 2 Y F

1 2 Y F

2 2 Y F

Good

7 . 2 1

3 2 Y F M 9

Good

8 8

3 2 Y F M 9

Note : TCIL – Tinplate Company of India Limited, CRM – Cold Rolled Mill, tFP – ton of finished product

Tin products, TCIL

3QFY23

2QFY23

3QFY22

Key drivers for QoQ change:

Tinplate Company of India Limited

(All figures are in Rs. Crores unless stated otherwise)

Total revenue from operations

Raw material cost1

Change in inventories

Employee benefits expenses

Other expenses

EBITDA

960

688

(18)

198

960

558

200

203

(33)

1,180

811

190

140

EBITDA per ton (Rs.)2

6,202

(3,735)

14,240

EBITDA Margin (%)

Reported PAT

n.a.

(35)

12%

1. Raw material cost includes raw material consumed 2. EBITDA/Steel deliveries

▪ Revenues: were broadly similar as higher tinplate

volumes were fully offset by decline in net realisations

▪ Raw Material cost: increased on higher production, partly offset by decline in per unit raw material cost

▪ Employee benefit expenses: was broadly similar on

QoQ basis

▪ Other Expenses: were broadly similar compared to

2QFY23

▪ EBITDA: margin improved on lower costs

Tata Metaliks

Key operating parameters

Carbon Emission (tCO2/thm)

Energy Consumption Intensity (GJ/thm)

5 9 . 1

9 1 Y F

7 8 . 1

0 2 Y F

3 7 . 1

1 2 Y F

Carbon Emission (tCO2/tFP)

6 . 0

9 1 Y F

3 6 . 0

0 2 Y F

1 6 . 0

1 2 Y F

Note : tFP – ton of finished product

Good

2 8 . 1

3 2 Y F M 9

Good

6 4 . 0

3 2 Y F M 9

5 7 . 1

2 2 Y F

3 5 . 0

2 2 Y F

6 . 9 1

9 1 Y F

7 . 8 1

0 2 Y F

8 . 7 1

1 2 Y F

8 . 7 1

2 2 Y F

Energy Consumption Intensity (GJ/tFP)

2 . 2

9 1 Y F

4 . 2

0 2 Y F

3 . 2

1 2 Y F

7 9 . 1

2 2 Y F

Good

5 . 8 1

3 2 Y F M 9

Good

8 . 1

3 2 Y F M 9

Ductile Iron Pipes, Tata Metalliks

s s e n s u b n o r I g P

s s e n s u b e p P n o r I e

l i t c u D

Tata Metaliks Limited

(All figures are in Rs. Crores unless stated otherwise)

Total revenue from operations

Raw material cost1

Change in inventories

Employee benefits expenses

Other expenses

EBITDA2

792

536

(1)

176

882

634

(7)

170

EBITDA per ton (Rs.)3

2,921

2,985

EBITDA Margin (%)

Reported PAT

1. Raw material cost includes raw material consumed 2. EBITDA = PBT + Interest + Depreciation 3. EBITDA/Steel deliveries

3QFY23

2QFY23

3QFY22

Key drivers for QoQ change:

▪ Revenues: decreased driven by drop in realisations

of Pig Iron and DIP (Ductile Iron Pipe)

▪ Raw Material cost: was lower driven by decline in

coking coal and Iron ore consumption cost

▪ Employee benefit expenses: Increased upon

commissioning of DIP expansion

▪ Other Expenses: Increased driven by rise in fuel

costs and higher consumables

▪ EBITDA: margin was broadly stable

693

437

130

4,995

10%

Tata Steel Thailand

(All figures are in Rs. Crores unless stated otherwise)

Saleable Steel production (mn tons)

Deliveries (mn tons)

Total revenue from operations

Raw material cost1

Change in inventories

Employee benefits expenses

Other expenses

EBITDA

EBITDA per ton (Rs.)

3QFY23

2QFY23

3QFY22

0.27

0.29

1,584

1,138

393

0.30

1,656

1,004

215

355

0.32

1,822

1,410

(144)

346

162

1,005

5,042

1. Raw material cost includes raw material consumed, and purchases of finished and semi-finished products

Key drivers for QoQ change:

▪ Deliveries: were broadly stable on QoQ basis

▪ Revenues: were slightly lower on drop in steel

realisations

▪ EBITDA: decreased on QoQ basis due to drop in prices

even as input costs remain elevated

Investor relations contact

Investor enquiries

Hriday Nair hnair@tatasteel.com

Pavan Kumar pavan.kumar@tatasteel.com

Tata Steel , Joda East Iron ore mines

← All Transcripts TATASTEEL Stock Page →

Tata Steel Limited has informed the Exchange about Investor Presentation

Market Movers