JINDAL STEEL LIMITED

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imited Corporate Relationship Department, 1st Floor, New Trading Ring, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai – 400 001 corp.relations@bseindia.com Scrip Code: 532286 National Sto

0.7x

t India’s infrastructure creation High performance, customer-centric culture Net Debt/EBITDA at 0.7x Expansion programme to boost FCF Targeting Net Debt / EBITDA < 1.50x across commodity cycle W

1.50x

culture Net Debt/EBITDA at 0.7x Expansion programme to boost FCF Targeting Net Debt / EBITDA < 1.50x across commodity cycle World's first and largest coal gasification plant for steel- making 200

2.5 million

gasification plant for steel- making 200 km eco-friendly slurry pipeline Positively impacting 2.5 million lives Company Snapshot Macro and Sectoral Update Business Update Social Initiatives 4QFY23 & F

7%

%) Global Inflation (%) e t a d p U l a r o t c e S d n a o r c a M CY22 CY23 (E) CY24 (E) +7% -13% -13% -39% +7% -18% 3.4 2.8 3.0 +75% +73% -31% -24% 2.1 1.6 1.1 -77% 3.5 1.4

13%

lobal Inflation (%) e t a d p U l a r o t c e S d n a o r c a M CY22 CY23 (E) CY24 (E) +7% -13% -13% -39% +7% -18% 3.4 2.8 3.0 +75% +73% -31% -24% 2.1 1.6 1.1 -77% 3.5 1.4 0.8

39%

ion (%) e t a d p U l a r o t c e S d n a o r c a M CY22 CY23 (E) CY24 (E) +7% -13% -13% -39% +7% -18% 3.4 2.8 3.0 +75% +73% -31% -24% 2.1 1.6 1.1 -77% 3.5 1.4 0.8 5.2 4.5 3.

18%

t a d p U l a r o t c e S d n a o r c a M CY22 CY23 (E) CY24 (E) +7% -13% -13% -39% +7% -18% 3.4 2.8 3.0 +75% +73% -31% -24% 2.1 1.6 1.1 -77% 3.5 1.4 0.8 5.2 4.5 3.0 6.8 6.3

75%

c e S d n a o r c a M CY22 CY23 (E) CY24 (E) +7% -13% -13% -39% +7% -18% 3.4 2.8 3.0 +75% +73% -31% -24% 2.1 1.6 1.1 -77% 3.5 1.4 0.8 5.2 4.5 3.0 6.8 6.3 5.9 9.2 -34% 5.6

73%

d n a o r c a M CY22 CY23 (E) CY24 (E) +7% -13% -13% -39% +7% -18% 3.4 2.8 3.0 +75% +73% -31% -24% 2.1 1.6 1.1 -77% 3.5 1.4 0.8 5.2 4.5 3.0 6.8 6.3 5.9 9.2 -34% 5.6 3.7

31%

o r c a M CY22 CY23 (E) CY24 (E) +7% -13% -13% -39% +7% -18% 3.4 2.8 3.0 +75% +73% -31% -24% 2.1 1.6 1.1 -77% 3.5 1.4 0.8 5.2 4.5 3.0 6.8 6.3 5.9 9.2 -34% 5.6 3.7 CY22

24%

a M CY22 CY23 (E) CY24 (E) +7% -13% -13% -39% +7% -18% 3.4 2.8 3.0 +75% +73% -31% -24% 2.1 1.6 1.1 -77% 3.5 1.4 0.8 5.2 4.5 3.0 6.8 6.3 5.9 9.2 -34% 5.6 3.7 CY22 CY23

Expansion

2

Coal

1

Fire Resistant Steel

1

Cinema

1

Coal

Tensa 3.11 MTPA Kasia 7.5 MTPA Utkal-C 3.37 MTPA Utkal-B1 & B2 8 MTPA Gare Palma IV/6 4 MTPA Mozambique 5 MTPA South Africa 1.2 MTPA Australia 1.2 MTPA Iron Making (10.42 MTPA) Liquid Steel (9.60 MTPA) Finished Steel (6.65 MTPA) Direct Reduce Iron (DRI) 3.12 MTPA Steel Melting Shop (SMS) 9.60 MTPA Wire Rod Mill (WRM) 0.60 MTPA Blast Furnace (BF) 7.30 MTPA Rail Mill 0.75 MTPA Beam & Structure Mill (BSM) 0.70 MTPA Plate Mill 2.20 MTPA Bar Rod Mill (BRM) 2.40 MTPA Raigarh (Chhattisgarh) BF 3.05 MTPA DRI 1.32 MTPA SMS 3.6MTPA Plate Mill 1.00 MTPA Rail Mill 0.75 MTPA BSM 0.70 MTPA CPP 824 MW Angul (Odisha) CGP 225,000 Nm3/Hr BF 4.25 MTPA DRI 1.8 MTPA SMS 6 MTPA BRM 1.4 MTPA Plate Mill 1.2 MTPA CPP 810 MW CPP- 1050 MW# Barbil (Odisha) Pellet Plant 9 MTPA Patratu (Jharkhand) WRM 0.60 MTPA BRM 1.0 MTPA Power Hot Metal Liquid Steel Finished Steel • CMDPA for all three Coal Mines was signed on August 17, 2022 • (#) Acquired 1050MW thermal power plant under construction in slump sale under IBC Ji

Expansion

₹ 15,900Cr. Jindal Steel & Power FY22 FY23 FY24 FY25 Angul Pellet Plant #1: 6MTPA HSM Phase #1: 3MTPA Angul Pellet Plant #2: 6MTPA Slurry Pipeline Oxygen plant, Coke oven , RMHS HSM Phase #2 Expand to 5.5 MTPA Blast Furnace #2: 4.25 MTPA Angul BOF #2 : 3.3 MTPA CPP:1050 MW * Angul EAF #2 : 3 MTPA TSCR : 3 MTPA DRI #2: 2.7 MTPA Expected COD 1QFY24 2QFY24 2QFY24 2QFY24 2QFY24 2QFY24 3QFY24 3QFY24 2QFY25 4QFY25 4QFY25 4QFY25 FINISHED STEEL CAPACITY Past (FY11) Present 25% 3.9 MTPA 15% 19% 25% 25% 33% 36% 6.65 MTPA 9% 11% 11% Future (FY25) 16% 4% 5% 4% 15% 15.15 MTPA 56% BRM BSM RAIL MILL WRM PLATES BRM BSM RAIL MILL WRM PLATES BRM BSM RAIL MILL WRM PLATES HSM+TSCR | DRI- Direct Reduced Iron | BF- Blast Furnace | WRM- Wire rod mill | BSM- Beam & structure mill | BRM- Bar rod mill (rebar) | HSM- Hot Strip Mill | TSCR – Thin Slab Caster & Rolling | * Acquired 1050MW thermal power plant under construction in slump sale under IBC. 13 Diversified Products & Customer Partnerships Innovating to M

Fire Resistant Steel

JSP has received India’s first BIS certification to manufacture Fire- Resistant Structural Steel High-speed corridors, bullet trains and heavy haul routes of Indian Railways Import substitution Critical for infrastructure development in India Used for high-temperature or fire-prone areas can withstand temperatures up to 600 degrees Celsius for a max. duration of 3 hours. Import substitution This will increase the usage of Steel in Commercial & residential buildings Special profiles such as triple grouser track shoe Excavator and mining equipment Import substitution Sole producer in India 14 14 Diversified Products & Customer Partnerships Enhancing Brand Equity and Consumer Connect Title Sponsor for IPL 2023 Cricket Live on Star Sports Jindal Panther Cricket Live breaks all past viewership records this season - - 300 million reach on TV in just 3 weeks. 46% growth in TVR vs 2022. Platinum sponsorship of Indian Super League’s Odisha FC e t a d p U s s e n i s u B Onboarded Hardik Pandaya

Cinema

Our TVC has over 223 Cr impressions on the Jio Cinema application till 8th May’23 • • Presenting Partner for ICC Women’s Cricket World Cup 2023 Presenting Partner for FIH Men’s Hockey World Cup 2023 15 Strong Balance Sheet Strengthening Fundamentals to Drive Sustainable Growth e t a d p U s s e n i s u B Consolidated Performance Net Debt (` in Crs) Net Debt/EBITDA (x) Debt/Equity (x) 39,137 35,918 -82% 22,146 -85% 4.65 4.57 1.23 1.15 -74% 0.92 8,876 6,953 1.53 0.57 0.70 0.35 0.32 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Jindal Steel & Power 16 Company Snapshot Macro and Sectoral Update Business Update Social Initiatives 4QFY23 & FY23 Results Empowering our Communities s e v i t a i t i n I l a i c o S HEALTH & NUTRITION EDUCATION SKILL EDUCATION RURAL INFRASTRUCTURE SOCIAL INCLUSION VATSALYA aims to reduce Infant Mortality Rate and Maternal Mortality Rate Benefitted 978 women and children in Q4 and 32452 women and children in FY 2022-23. 5 lakh+ women