SHYAMMETLNSE28 January 2025

Shyam Metalics And Energy Limited has informed the Exchange about Investor Presentation

Shyam Metalics and Energy Limited

Investor Presentation | January 2025

Safe Harbor

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shyam Metalics And Energy Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, Process or completeness

Company Overview

Shyam Metalics at a Glance

Achieving End-To-End Solutions “Ore To Metal”

6th Largest Integrated Steel Producer & amongst the largest Ferro Alloys producer in India

4th Largest Sponge Iron Player, Leading player in terms of Pellet Capacity

Integrated Metal Producing Company

Operates “Ore to Metal” integrated steel plants with Captive Railway Siding

Strategically located plants with Proximity to Mineral Belts, National Highways and Ports

13% Revenue growth in Q3 FY25 vs Q3 FY24

PAT Positive since commencement of operations in 2005

Cash positive in Q3 FY25 at Rs. 768 crores

15.13 MTPA

~82% of power

Combined Production Capacity

sourced from Captive in Q3 FY25

82% of power sourced from Captive Power Plants at Rs. 2.46/Kwh in Q3 FY25, while Avg Power costs including Grid Power at Rs. 3.03/Kwh

Promoters with decades of experience in the Metal Industry along with experienced Management Team

16,660

Employee Strength

CRISIL Credit Rating

Optimising the Balance Sheet for Resilience & Flexibility

CRISIL AA (Positive) Long Term Bank Facilities (Upgraded in Nov-24)

Highest credit rating in the industry

CRISIL A1+ Short Term Bank Facilities

Eminent Promoters & Management

Mahabir Prasad Agarwal Chairman

Brij Bhushan Agarwal Vice Chairman & Managing Director

Sanjay Kumar Agarwal Joint Managing Director

Deepak Agarwal Director Finance & CFO

o An accomplished business

leader and a first- generation entrepreneur having more than 50 Years of experience in steel & ferro alloys industries.

o He has the foresight to lead the Company on a transformational journey and contributing significantly in growth path of the company.

o A visionary Business leader and a guiding force for the company having over three decades of experience in the steel and ferro alloys industry.

o Primarily responsible for strategic planning, future expansion, business development, marketing, human resources and corporate affairs.

o Holds a bachelor’s degree in commerce, with honours, from University of Kolkata with over 18 years of vast experience in the steel & ferro alloys industry.

o Primarily responsible for the Operations / manufacturing of the plants with focus on cost control, production efficiency, competitive procurement of raw materials etc.

o He is an Associate

member of the Institute of Company Secretary of India.

o He is a techno commercial

professional and possessing more than 20 years of experience of steel and ferro alloys industries

Sheetij Agarwal Head - Strategy & Business Development

o Bachelor of Science in

Business Administration from D'Amore Mckim School of Business, Northeastern University.

o Overlooks and spearheads

strategy & Business Development at Shyam Metalics and Energy Limited.

The Management Team is ably assisted by a very strong team of Professionals who have contributed immensely to the growth of the Company

Value Propositions

Backward Integration & Forward Integration with presence across the Value Chain

Diversified Product Mix: Scaling up stainless steel, aluminum foil and EV Battery Foil

Strong Brand & Distribution Network

Private Railway Sidings Advantage for Seamless Logistics

Captive Power for ~82% power requirement

Capacity Addition to increase share of High Margin B2C Products

De-Leveraged Balance Sheet giving flexibility in growth

Sustainable solution - Waste used as ‘Productive Inputs’

Consistent Performance over the last decade

Key Updates for Q3 FY25

Capex & Operational Update

• Capex incurred till 9M FY25: Rs. 5,873 crores which accounts for 59% of the total CAPEX Envisaged i.e., Rs. 10,025 crores out of which

Rs. 4,347 crores have been capitalized

• Procured 17 rakes under Own your wagon scheme from Indian Railways with an investment of Rs. 431 crore, gaining 10% rebate on

railway freight

Financial Performance

• Q3 FY25: Revenue: Rs. 3,753 cr, Operating EBITDA: Rs. 456 cr, EBITDA: Rs. 507 cr, PAT: Rs. 197 cr

• 9M FY25: Revenue: Rs. 10,998 cr, Operating EBITDA: Rs. 1,350 cr, EBITDA: Rs. 1,527 cr, PAT: Rs. 689 cr

Updates

• Commenced operations of 0.77 MTPA Blast Furnace (along with Sinter plant) at Jamuria Plant in West Bengal

• Declared interim dividend of Rs. 2.25 per share

Driving Integration of Multi-Product Metals Portfolio

Backward Integration

Prospective License for Iron Ore Mine: Maharashtra

Railway siding

377 MW CPP

Renewables – Captive Solar Energy Plant

Aluminium Mill with Caster

Current Portfolio

Downstream Products

Multiple Sale Points across the Value Chain

Greater Control on Operating Margins

Flexibility to alter Product Mix

Focus on Quality

Intermediates

Ferro Alloys

Finished Steel

Stainless Steel

Aluminium Foil

Pellets, Billets, Sponge Iron, Coke Oven, Pig Iron

Billet- Hot Flat Product, Billet- Parallel Flange

Ferro chrome, Low Carbon Ferro Chrome, Ferro Manganese, Silico Manganese

Angles, Channels, TMT, Beam, Wire rod & Structurals, Color Coated Sheets

Billet SS

Aluminum Flat Rolled Products

Battery foil

Upcoming Projects

CRM Stainless

Stainless Steel

Ductile Iron Pipes

Objectives for Expansion:

Hot Flat Products

Parallel Flange Beam

Steel Wire Drawing

Stainless Steel Bright Bars

Stainless Steel Wire Rods

✓ Foray into Newer Segments

✓ Increase Backward Integration

✓ Utilize cash generated from

operations for growth

Expansion with strong focus on value added products

Capacity (MTPA)

FY21

FY22

FY23

FY24

Q3 FY25

Post Expansion

Capacity (MTPA)

Q3 FY25

Post Expansion

Integration has enabled greater control on the operating margins

Iron Pellet

2.40

3.60

4.80

6.00

Sponge Iron

1.39

2.11

2.54

2.90

3.05

Billets

0.89

0.94

1.69

2.01

6.00

4.10

2.41

TMT, Structural Steel, Wire Rods & Pipes

Speciality Alloys

Captive Power (MW)

Renewable Power (MW)

Stainless Steel Billet Stainless Steel Finished Steel

Aluminium Foil

0.82

0.90

1.97

2.07

0.21

0.22

0.24

227

267

357

377

0.04

0.12

0.15

0.04

0.12

0.15

0.04

597

109

0.75

0.85

0.06

Beneficiation

Coke Oven

0.45

3.0

0.7

Pig Iron*

0.77

1.22

Ductile Iron Pipes

Parallel Flange Beam

Colour Coated Sheets

Steel Wire Drawing

Aluminium Flat rolled Products

Stainless Steel Wire Rods

Stainless Steel Bright Bar

0.25

0.6

0.4

0.09

0.06

0.018

0.025

- Installed Capacity

- Future Capacity after expansion

*A sinter plant of 1.2MTPA has been commissioned along with pig iron

Capacity Expansion through Inorganic Route – Ramsarup Industries

Engaged in manufacturing wires, TMT Bars and steel, acquired for Rs 380 cr out of which we paid Rs 228 cr for 60% stake

Shyam Metalics & Energy Ltd

60%

Ramsarup Industries

40%

Super Smelters Ltd

First Capex Infusion in Ramsarup Industries – Phase I

Capacity Expansion in Ramsarup Industries – Phase II

Rs. 448 cr

Capex : Rs 747 cr

Rs. 299 cr

Rs. 375 cr

Capex : Rs 625 cr

Rs. 250 cr

DRI*

Captive Power Plant*

150,000 TPA

Sinter

20 MW

Coke Oven

Blast Furnace

4,50,000 TPA

1.2 MTPA

0.25 MW

Steel Wire Drawing

85,000 TPA

Captive Power Plant

40 MW

Ductile Iron Pipe

4,00,000 TPA

From the budgeted capex Rs. 570 cr (Phase 1 -Rs. 442 cr & Phase 2 -Rs. 128 cr) has already been incurred proportionately by Shyam Metalics & Energy Ltd. and Super Smelters Ltd.

Total capex to be incurred

Rs. 1,372 cr

Shyam Metalics & Energy Ltd (60%)

Rs. 823 cr

Rs. 549 cr

Super Smelters Ltd (40%)

Note - *DRI and Captive Power Plant commissioned in May’24

- to be commissioned in future

Forays into Stainless Steel (SS) through Acquisition of Mittal Corp

Mittal Corp Industries Overview

Leading Player in Stainless Steel Flats (200 series and 400 Series) in India

Paid acquisition cost of Rs. 351 cr.

2 Manufacturing units at Pithampur, Madhya Pradesh with ~17 Acres of land

Manufacturing plant is developed by Italian player Danieli

0.15 MTPA Installed Capacity for finished stainless steel

20 Tonne Induction Furnace

Capex Infusion in Mittal Corporation

0.12 MTPA Installed Capacity for stainless steel billets

Business Areas

Shyam Metalics has forayed into stainless steel through acquisition of Mittal Corp. Company is focussed on increasing its capacity and thereby market share in revenue and margin accretive products

GoI has issued circlular for use of stainless steel for construction of national highway Bridges and centrally sponsored projects in marine environment susceptible to sever corrosion

1.8

1.6

1.4

1.2

0.8

0.6

0.4

0.2

0.025 0.2

0.5

0.24

0.75

0.15 0.12

Series 200 Stainless Steel

Series 300 Stainless Steel

Series 400 Stainless Steel

Existing Capacity (MTPA)

Post Expansion Capacity (MTPA)

Kitchen Utensils

Finished SS Rolled

Billet

SS Hot Rolled

SS Cold Rolled

SS Bright Bar

Note - Acquisition completed in Oct’23

Automotive, White Goods, Decorative

Construction

Stainless Steel Wire Rods & Bright Bars

Business Areas catered by company

Aluminium Foil Plant

Aluminium Plant – Pakuria - West Bengal, Giridih - Jharkhand & upcoming plant in Odisha

One of the largest aluminium foil manufacturer in India, plant spread over 5 acres

Plant installed by Achenbach (Germany), an industry pioneer

Kickstarted and stabilised plant operations in record time

More than 60% of the production utilised for exports

Rolling range: 40 to 5 micron with annealing capability, customised as per demand

Majorly producing 6-10 micron rolled material

Backward integration to increase margins and additional capacities to enhance revenues

Announced Greenfield expansion of Aluminium Flat Rolled Products (0.06 MMTPA) and Brownfield expansion of Aluminium Foil (0.018 MMTPA) with investment of Rs. 700 cr

Largest Exporter of Aluminium Foil from India

Business Update: Greenfield Expansion - Cold Rolling Mill

Greenfield project for a cold rolling mill spread over 55 acres of land at Jamuria, West Bengal

Project approved under the PLI scheme

Products will include GI/GL coils and PPGL (Pre-Painted Galvalume Coils)

The business has been setup under the wholly owned subsidiary- Shyam Metalics Flat Products Pvt Ltd. Application made to NCLT for merger with Shyam Sel And Power Limited

Greenfield Expansion

Phase I*

Phase II

2,50,000 Ton

Capacity

1,50,000 Ton

*Phase 1 operations commenced in Sept-24

Capex Incurred Rs. 426 Cr

Capex Pending Rs. 177 Cr

Total Capex Rs. 603 Cr

Current Projects Overview

Projects Pending Installation and Status of Cost Incurred of Carbon Steel

Particulars

Benefication Plant

Sponge Iron

Blast Furnace

Coke Oven

Billets (heavy structural mill)

Parallel Flange Beams

TMT, Structural Steel, Wire Rods & Pipes

Color coated Sheet

DI Pipe

Solar Plant (MW)

Captive Power (MW)

Railway Siding (No. of lines)

Oxygen Plant

Total (A)

Capacities to be Commissioned (Million MTPA)

Budgeted Capex (Rs Cr)

Capex incurred till 31st December (Rs Cr)

Pending Capex (Rs Cr)

3.0

1.05

0.45

0.25

0.40

0.4

0.09

0.15

0.6

100

220

300

400

374

220

110

240

207

600

450

780

225

102

615

276

175

369

118

104

232

179

595

431

165

3,899

1,117

2,782

Projects Pending Installation and Status of Cost Incurred for Others

Particulars

Stainless Steel:

Billet Stainless Steel

Billet Slabs for Flat products

Hot flat products

CRM Stainless Steel

Stainless Steel Bright Bars

Stainless Steel Wire Rods

Total Stainless Steel (B)

Ferro Alloys (C)

Aluminium:

Aluminium Mill with Caster

Battery foil plant

Aluminium Flat Rolled Product

Aluminium Foil

Total Aluminium (D)

Total (E) = (B+C+D)

Total (A+E)

Capacities to be Commissioned (Million MTPA)

Budgeted Capex (Rs Cr)

Capex incurred till 31st December (Rs Cr)

Pending Capex (Rs Cr)

0.13

0.5

0.2

0.018

0.025

1.373

0.024

0.01

0.005

0.06

0.018

0.093

130

200

550

150

1,140

450

250

800

2,000

5,899

163

277

1,395

181

536

150

977

423

224

734

1,723

4,504

Note - Out of the above, contribution of Rs. 525 cr is on account of Joint Venture partner in RIL

Synopsis of CAPEX & growth - Carbon Steel

Particulars

Products

Existing Capacity (in MMTPA)

Capacity Post- Expansion (in MMTPA)

Increase by

Present Sales in Volume (MMTPA) FY24

Expected Sales in Volume (MMTPA) FY27E

Growth

Carbon Steel:

Intermediate Products

Pellet

Sponge Iron

Pig Iron

Billets

Total (a+b+c)

Finished Steel

Long Steel Products

Flat Steel Products

Total

Speciality Alloys

Power (MW)

6.00

3.05

0.77

2.00

5.82

2.07

0.25

2.32

0.22

377

6.00

4.10

1.22

2.40

7.72

3.16

0.40

3.56

0.24

697

33%

53%

85%

1.03

0.87

0.00

0.15

1.02

1.32

0.18

1.20

1.50

0.01

0.00

1.51

2.68

0.34

3.02

0.09

Projects coming up which are both forward and backward integrated and shall be both value and margin accretive for the company

48%

129%

-49%

Synopsis of CAPEX & growth - Stainless Steel & Aluminium

Particulars

Products

Existing Capacity (in MMTPA)

Capacity Post- Expansion (in MMTPA)

Increase by

Present Sales in Volume (MMTPA) FY24

Expected Sales in Volume (MMTPA) FY27E

Stainless Steel:

Intermediate Products

Stainless Steel Billets

0.12

Finished Steel

SS Long Products

Aluminium:

Intermediate Products

Finished Products

SS Flat Products

Total

Flat Rolled Products (Metric TPA)

Aluminium Foil (Metric TPA)

Battery Foil

0.15

0.0

0.15

24,000

Total

24,000

0.75

0.20

0.50

0.70

525%

367%

60,000

0.05

Growth

1200%

0.17

0.48

0.65

21,000

100%

43,000

5,000

48,000

16,602

40,000

100%

16,602

40,000

141%

Projects coming up which are both forward and backward integrated and shall be both value and margin accretive for the company

Current Capacities Across Carbon Steel Life Cycle

Iron Making

DRI 3.05 MTPA (Direct Reduced Iron)

Liquid Steel

SMS 2.01 MTPA (Steel Melting Shop)

Finished Steel

2.32 MTPA

Wire Rod & Wire Draw Mill (WRM) 0.92 MTPA

Color Coated Sheets 0.25 MTPA

TMT 0.92 MTPA

Structurals 0.20 MTPA

Pipe Mill 0.03 MTPA

Higher Contribution of Finished Steel Products

Revenue Mix

84%

47%

37%

83%

45%

38%

85%

48%

37%

16%

17%

15%

79%

48%

31%

75%

51%

24%

13%

FY21

FY22

FY23

FY24

9M FY25

Intermediates

Finished Steel

Speciality Alloys

Stainless Steel

Aluminium

Sales Volumes (in lakh tonnes)

23.4

22.7

20.2

20.6

6.1

1.7

FY21

7.6

1.6

FY22

11.2

1.8

FY23

13.3

14.4

12.2

1.8

0.5

0.2

1.5

0.6

0.2

FY24

9M FY25

Intermediates

Finished Steel

Speciality Alloys

Stainless Steel

Aluminium

Enriching product portfolio to make a basket of fully integrated downstream products

Make customized products to capitalise on market opportunities

Serve growing demand for steel & allied products

- Carbon steel total

Export Opportunities

Countries

11%

Exports to countries like USA, Japan, Korea, Italy, Nepal, Bangladesh

Export Contribution to Revenue in Q3 FY25

63%

Steel products both upstream and downstream including Angles, Beams, Billets, Channels, Wire Rods, MS Round Coils and Sponge Iron

32% Ferro Chrome Ferro Manganese and Silico Manganese Products

Aluminum Foil Products

We are preferred suppliers to large corporations like

JM Global Resources

NORECOM DMCC

Vijayshree Steel

Metal Exchange

Hulas Wire Industries

Manakin Industries

Bhutan Concast

CCMA LLC

Vigorous Metals Pte

Q3 & 9M FY25 Financial Performance

Performance Highlights

5 2 Y F 3 Q

5 2 Y F M 9

Rs. 3,753 Cr Revenue

Rs. 456 Cr Operating EBITDA

Rs. 507 Cr EBITDA

Rs. 197 Cr PAT

YoY 13.2%

YoY 11.9%

YoY 13.3%

YoY 56.8%

Rs. 10,998 Cr Revenue

Rs. 1,350 Cr Rs. 1,527 Cr Operating EBITDA

EBITDA

Rs. 689 Cr PAT

YoY 14.7%

YoY 19.7%

YoY 23.5%

YoY -14.9%*

*Q2 FY24 PAT was high owing to adjustment of Rs. 328 Cr for Deferred Tax Asset and reversal of Income Tax provision on account of brought forward losses arising on acquisition of Mittal Corp Ltd

Consolidated Profit & Loss Statement

Particulars (Rs. Crs.)

Revenue from Operations Cost of Material Consumed Purchases of stock in trade Change in Inventories of Finished goods & Work in Progress Total Raw Material Gross Profit Gross Profit Margin (%) Employee Expenses Other Expenses Operating EBITDA Operating EBITDA Margin (%) Other Income EBITDA Depreciation EBIT Finance Cost Share in Profit/(Loss) of Associate and Joint Venture Profit before Tax Tax Profit After Tax PAT Margin (%) EPS (As per Profit after Tax)

Q3 FY25 3,752.5 3,044.8 0.0 -328.5 2,716.3 1,036.3 27.6% 109.9 470.4 456.0 12.2% 50.9 506.9 202.7 304.2 41.2 0.0 263.1 65.8 197.3 5.3% 7.1

Q3 FY24 3,315.3 2,505.0 0.02 -117.2 2,387.9 927.4 28.0% 91.8 428.2 407.4 12.3% 39.9 447.3 182.1 265.2 39.6 0.0 225.6 99.8 125.8 3.8% 4.9

Y-o-Y 13.2%

11.7%

11.9%

14.7%

56.8%

Q2 FY25 3,634.0 2,590.1 0.0 64.0 2,654.9 979.1 26.9% 106.9 465.58 406.6 11.2% 74.6 481.2 144.0 337.2 30.5 0.0 306.8 91.1 215.7 5.9% 7.8

Q-o-Q 3.3%

5.8%

12.1%

-9.8%

-8.5%

9M FY25 10,998.1 8,434.6 5.4 -495.9 7,944.1 3,054.1 27.8% 324.8 1,378.9 1,350.4 12.3% 176.4 1,526.8 482.5 1,044.2 100.3 0.1 944.0 254.9 689.1 6.3% 24.8

9M FY24 9,589.0 7,097.8 4.2 -220.2 6,881.9 2,707.2 28.2% 269.3 1,309.6 1,128.3 11.8% 107.9 1,236.2 516.7 719.6 111.7 0.1 608.0 -201.7 809.7* 8.4% 31.8

EBITDA /TON (Rs )

Metallics

Carbon Steel

Stainless Steel

Speciality Alloys

Aluminium

Q3 FY25

Q2 FY25

1,897

1,387

5,815

4,833

6,658

6,987

17,331

20,924

36,415

29,057

*Q2 FY24 PAT was high owing to adjustment of Rs. 328 Cr for Deferred Tax Asset and reversal of Income Tax provision on account of brought forward losses arising on acquisition of Mittal Corp Ltd

Y-o-Y 14.7%

12.8%

19.7%

45.1%

-14.9%

Q3 FY25 Performance Highlights

Rs. 3,753 crores Revenue from Operations

Rs. 456 crores Operating EBITDA

Rs. 507 crores EBITDA

Rs. 197 crores Profit After Tax

Revenue Breakup

Volumes (in lakh tonnes)

7.0%

1.5%

12.3%

49.2%

5.1%

2.5%

4.5%

17.3%

0.6%

Steel Products 74%

Speciality Alloys Carbon Steel CR Coil

Sponge Iron Iron Pellets Pig Iron

Aluminium Foil Stainless Steel Others

Y-o-Y

+39%

-0.3%

Q-o-Q

0.26 0.05

0.21

0.26 0.05

Aluminum Foil

0.20

Stainless Steel

0.19 0.04

0.14

Y-o-Y

6.5

Q3 FY24

Q2 FY25

Q3 FY25

Y-o-Y

Q-o-Q

-11%

-17%

Finished Steel

3.4

2.7 0.3

2.4

2.9

0.5

2.4

0.5

Ferro Products

Steel Billets

0.3

1.9

Iron Pellets

Sponge Iron

2.8

Steel Products

Q-o-Q

+5%

+2%

6.7

3.6

0.5

2.6

6.8

3.9

0.4

2.6

Q3 FY24

Q2 FY25

Q3 FY25

Q3 FY24

Q2 FY25

Q3 FY25

9M FY25 Performance Highlights

Rs. 10,998 crores Revenue from Operations

Rs. 1,350 crores Operating EBITDA

Rs. 1,527crores EBITDA

Rs. 689 crores Profit After Tax

Revenue Breakup

Volumes (in lakh tonnes)

7.3%

4.7%

1.5%

13.1%

5.0%

0.8%

17.9%

+60%

Y-o-Y

0.75 0.15

Aluminium Foil

0.60

Stainless Steel

0.47 0.12

0.36

9M FY24

9M FY25

0.2%

49.4%

Steel Products 73%

Speciality Alloys Carbon Steel CR Coil

Sponge Iron Iron Pellets Pig Iron

Aluminium Foil Stainless Steel Others

9.4 1.3

8.2

Y-o-Y

-16%

7.9 1.5

Ferro Products

Steel Billets

1.1

6.4

Iron Pellets

Sponge Iron

6.1

16.7

Finished Steel

9.5

Steel Products

Y-o-Y

+19%

19.9

10.8

1.3

7.7

9M FY24

9M FY25

9M FY24

9M FY25

Per Tonne Realizations

Speciality Alloys

Carbon Steel*

Stainless Steel

Y-o-Y

Q-o-Q

Y-o-Y

Q-o-Q

Y-o-Y

Q-o-Q

-0.2%

-5%

+2%

-6%

+1%

-6%

+6%

-7%

+25%

95,383

99,851

95,234

95,248

97,516

46,309

43,205

43,684

47,665

44,678

1,20,940

1,37,523

1,27,652

1,33,149

1,06,543

Q3 FY24

Q2 FY25

Q3 FY25

9M FY24

9M FY25

Q3 FY24

Q2 FY25

Q3 FY25

9M FY24

9M FY25

Q3 FY24

Q2 FY25

Q3 FY25

9M FY24 9M FY25

Sponge Iron

Iron Pellets

Aluminium Foil

Y-o-Y

Q-o-Q

-5%

+4%

-7%

Y-o-Y

Q-o-Q

-3%

+7%

-3%

Y-o-Y

+11%

Q-o-Q

+1%

+3%

26,759

24,306

25,315

27,462

25,607

8,997

8,123

8,683

8,869

8,600

3,15,102

3,46,886

3,48,928

3,30,138 3,41,498

Q3 FY24

Q2 FY25

Q3 FY25

9M FY24

9M FY25

Q3 FY24

Q2 FY25

Q3 FY25

9M FY24

9M FY25

Q3 FY24

Q2 FY25

Q3 FY25

9M FY24 9M FY25

Note - *per tonne realizations of Carbon Steel inclusive of Steel Billets and Finished Steel Products

Strong Debt Profile

Gross Debt* (Rs. Cr)

Net Debt^ (Rs. Cr)

1,050

785

951

1,065

960

246

534

577

-477

-562

Mar-20

Mar-21

Mar-22

Mar-23

Mar-24

Sep-24

Mar-20

Mar-21

Mar-22

Mar-23

-1,514 Mar-24

-1,099

Sep-24

0.37

0.21

Gross Debt / Equity

Net Debt / EBITDA

1.51

0.09

0.13

0.06

0.10

0.18

0.30

-0.18

Mar-20

Mar-21

Mar-22

Mar-23

Mar-24

Sep-24

Mar-20

Mar-21

Mar-22

Mar-23

-0.96 Mar-24

-0.61

Sep-24

Note - *Gross debt in Sep 24 excludes Rs. 11 cr attributable to non-controlling joint venture partner in RIL; ^ Net Debt comprises of Gross Debt less liquid long and short-term investments and cash equivalents

Strong Balance Sheet – Flexibility of Growth

Internal Operating Efficiency led to minimal Working capital requirements

Working Capital (days)

Conservatively Leveraged + Disciplined Capital Allocation strategy = Better Return Metrics

Return ratios (%)

57%

34%

ROCE*

13%

20%

15%

17%

Mar-24

Sep-24

Inventory Days

Debtor Days

Creditor Days

Mar-20

Mar-21

Mar-22

Mar-23

Mar-24

Sep-24

55%

35%

20%

ROE*

21%

20%

15%

Mar-20

Mar-21

Mar-22

Mar-23

Mar-24

Sep-24

* Investments, Cash & Cash Equivalents is not considered in the calculation

Strong Balance Sheet to support Capex, Growth and Business Cycles

Disciplined Capital Allocation

CashFlow from Operations (Rs. Cr)

CAPEX (Rs. Cr)

1,689

1,518

1,794

1,543

1,578

1,277

1,056

657

FY21

FY22

FY23

FY24

H1 FY25

824

251

FY21

FY22

FY23

FY24

H1 FY25

Cash & Cash Equivalents (Rs. Cr)

CAPEX as % of Cashflow from Operations

2,092

2,165

102%

88%

76%

125%

1,541

1,262

486

FY21

FY22

FY23

FY24

H1 FY25

24%

FY21

FY22

FY23

FY24

H1 FY25

The company is cash positive even at peak CAPEX cycle

Consistent EBITDA Track Record

EBITDA* (Rs. Cr)

Other income as % of EBITDA

539

493

507

481

450

438

447

345

265

260

14%

16%

11%

10%

Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4FY24 Q1 FY25 Q2 FY25 Q3 FY25

Note - Based on the Capital Allocation Policy followed by company, a liquidity of around 20% of the net worth is parked in Government bonds and other liquid investments leading to consistent other income contribution to our P&L and EBITDA ensuring and facilitating smooth Capex Implementation. Presently as on 31st Dec 24, amount stands at Rs. 2,172 Crs.

Note - *including other income

Enhancing Shareholder’s Value

Dividend Payout (%)

14%

11%

12%

11%

FY21

FY22

FY23

FY24

9M FY25

Particulars (in Rs Cr)

Net Profit

Dividend

FY21

844

FY22

1,724

184

FY23

843

114

FY24

1,029

122

9M FY25

689

The Company has paid post IPO dividend amounting to Rs. 483 cr being 11.4% of the aggregate PAT of Rs. 4,285 cr

Long Term Rating at CRISIL AA/ Outlook: Positive

CRISIL AA (Stable)

CRISIL AA (Positive)

Current Rating

CRISIL AA

Outlook

Latest Review

Positive

Nov-24

CRISIL AA- (Stable)

CRISIL AA- (Positive)

FY20

FY21

FY22

FY23

FY24

Nov-24

Annexure

Strategically Located - Supported by Infrastructure (Carbon Steel)

Raw Material Sources are within 250 kms

Dhamra

Paradeep

Vishakhapatnam

Jamuria Plant

Sambalpur Plant

Close Proximity to Raw Material

Strong Logistics Infrastructure

Lower Logistics Cost

Plant Location

Captive Railway Sidings

Ports

o Plants are in close proximity to National Highways & Ports o Sambalpur & Jamuria Plants have captive railway sidings

Proximity to ports enables Company to export products in a cost-efficient manner

• We have 7 state of the art manufacturing plants in West Bengal, Odisha and Madhya Pradesh

• 2 Aluminum foil manufacturing plants located West Bengal and Jharkhand

• These plants also include captive power plants supported by robust infrastructure including captive railway

sidings.

Diversifying Geographical Base 70% of the products are sold within the vicinity of 500 kms from the plants

Brownfield expansion with… (Carbon Steel)

Railway Siding

Captive Power Plants

Captive Water Reservoir

Jamuria Plant

Sambalpur Plant

• We have 1 manufacturing plant located in Sambalpur, Odisha and 1 manufacturing plant in Jamuria, West

Bengal with aggregate installed capacity of 15.13 MTPA comprising of intermediate and final products.

• We also have a small plant in Mangalpur, West Bengal with aggregate installed capacity of 0.1 MTPA

• These plants also include captive power plants with an aggregate installed capacity of 377 MW

Brownfield expansion leading to Lowest Capex in the Industry

Integrated operations across the steel value chain

Raw Materials

Coal

Processing

Coal Washery

Washery Rejects

Char/Flu Gases

Rotary Kilns

Power Plant

Rolling Mills

Iron Ore Fines

Washing & Pelettization Plant

Pellets

Sponge Iron

Steel melting Shop

Billets

Fines

Sinter Plant

Blast Furnace

Pig Iron

Structure Rolling Mills

Coking coal

Manganese Chrome Ore

Point of Sale

Proposed Expansion

Coke Oven

Submerged Arc Furnace

Ductile Iron Plant

Manganese

End-Products

Electricity (Captive)

TMT Bars

Wire Rod

Angle

Channel

Beam

Ductile Pipe

Ferro Alloys

Detailed Plant Wise Capacities - Existing: Carbon Steel

Product –Wise Capacity (MTPA)

Sambalpur Odisha

Jamuria West Bengal

Mangalpur West Bengal

Kharagpur West Bengal

TOTAL (MTPA)

0.04

0.06

0.15

Iron Pellets

Speciality Alloys

DRI (Direct Reduced Iron)

Billets

Pig Iron/ Blast Furnace

0.11

1.32

0.87

TMT, WDM, SRM

0.92

Coke Oven

Color Coated

0.07

1.52

1.14

0.77*

1.15

0.45

0.25

0.22

3.05

2.01

0.77

2.07

0.45

0.25

Captive Power

158 MW

184 MW

15 MW

20 MW

377 MW

* - A sinter plant is also commissioned along with blast furnace

Detailed Plant Wise Capacities - Post Expansion: Carbon Steel

Product –Wise Capacity (MTPA)

Sambalpur Odisha

Jamuria West Bengal

Mangalpur West Bengal

Kharagpur West Bengal

TOTAL (MTPA)

0.06

0.11

1.95

1.27

0.92

0.4

Iron Pellets

Speciality Alloys

DRI (Direct Reduced Iron)

Pig Iron / Blast Furnance

Billets*

TMT, WDM, SRM

Parallel Flange Beam

DI Pipe

Colour Coated

Coke Oven

0.07

1.95

0.77

1.14

1.15

0.2

0.4

0.45

CPP/Renewable

298 MW

324 MW

15 MW

* including 0.4 billet for HSM

0.15

0.45

0.09

0.4

0.25

60 MW

0.24

4.1

1.22

2.41

2.16

0.4

0.6

0.4

0.7

697 MW

Detailed Plant Wise Capacities – Existing & Post Expansion: Stainless Steel

Product –Wise Capacity (MTPA)

Sambalpur Odisha

Pitampura Madhya Pradesh

0.2

0.5

0.13

0.5

Stainless CR

Stainless HR

Stainless

Billets

Slabs

SS Bright Bars

SS Wire Rods

0.15

0.07

0.12

0.5

0.018

0.025

TOTAL (MTPA)

0.2

0.5

0.22

0.25

0.5

0.018

0.025

- to be commissioned

- existing

- Total capacities post expansion

Our Strategy Going Forward

Shift Towards Value Added Products portfolio by identifying different products in same distribution channel. Value added products to contribute 80% in our revenue mix

Build market leading position in all 4 areas of the metal space : Steel, Stainless Steel, Ferro Alloys and Aluminium Foil Products

Geographical Expansions in newer states with focus on branding and increased margins

Continuously work on improving cost efficiency through implementation of technology in supply chain management and work on increasing ancillary and backward integration

Reducing Carbon Footprint and focus on sustainability

All strategies to be achieved without leveraging the balance sheet further

Energy Cost through Captive Power: ~ 82%

Power consumed by the plants are primarily produced in-house by the captive power plants

Sambhalpur

Jamuria

Mangalpur

Kharagpur

Captive power plants utilise non fossil fuels such as waste, rejects, heat and gas generated from the operations to produce electricity

Cost of in-house power is significantly less than grid power which costs INR 5-7 Per Unit

5 Turbines

4 Turbines

1 Turbine

Total Capacity of 158 MW

Total Capacity of 184 MW

Total Capacity of 15 MW

Total Capacity of 20 MW

Captive Power to Total Power Consumed

Cost of Per Unit of Captive Power** (Rs./KWH)

Captive Power Plant Expansion Plans (MW)

Renewable Power Plant Expansion Plans (MW)

Post Expansion Capacity (MW)

79%

82%

78%

74%

83%

3.60

220

597

100

109

2.15

2.12

2.36

2.43

377

FY21

FY22

FY23

FY24

9M FY25

FY21

FY22

FY23

FY24 9M FY25

Existing Capacity

Proposed Fresh Capacity

Post Expansion

104

Post Expansion

Exsting Capacity

Proposed Fresh Capacity

104

274

248

Sambalpur

Mangalpur

Solar

Jamuria

Ramsaroop

Wind

Solar

Total Capacity Post Expansion – 706 MW

Strengthening Brand ‘SEL Tiger’

TMT

TMT are used for the construction of buildings, transmission towers, industrial sheds, structures, road, dam and in other various infrastructures SMEL sells the best quality TMT primarily in the states of West Bengal, Odisha, Bihar, Jharkhand, Tripura, Sikkim, Assam, Arunachal Pradesh, Manipur, Meghalaya, Uttarakhand, Uttar Pradesh, Punjab and Haryana. Our TMT and structural products are sold under the brand “SEL Tiger”

STRUCTURE

Structural steel describes hot rolled steel products such as angles, channels and beams. With an array of high- quality Structural products under the brand ‘SEL Tiger’, backed by world-class service and its other products, SMEL holds its pride of place among the leading steel manufacturers of the country and material directly from the DRHP

WIRE RODS

Towards forward integration, SMEL has set up high quality Wire Rod manufacturing & Wire Drawing facilities with best available technology and plant & machinery support Since the raw materials are manufactured in-house at our plant, the company is able to produce high quality Wire Rod & H.B. Wires in an efficient & cost-effective manner

CSR Initiatives

SUSTAINABILITY

• Water Conservation- Check dam, Pond , landscaping, Plantation,

• Promotion of solar Light • Solar irrigation Pumps • Promotion of Organic Farming

SKILL DEVELOPMENT

• Running sewing center, computer training center - KALP VRIKSHA programme

• Alternate source of income via enterprise development, skill development

SPORTS PROMOTION

•

Football team of Shyam Sel & Power Limited

• Shoes & Kit distribution • Play ground development

RURAL HEALTH

• Yearly Eye & Medical Camp for Villagers, FREE

Medicine & Spectacles

• Free Ambulance & Drinking water Services for villagers • New Health Center & Homeopathy Clinic

RURAL EDUCATION

• Free Coaching Center for Economic Backward Integration Section • Computer Training Center at Dhasna village • SHYAM Scholarship for Meritorious students of Economic Backward

Integrations

SOCIAL INFRASTRUCTURE DEVELOPMENT

• Temples • Village Sanitation • Village Handicrafts – Skill development • Gau Daan ( Care for Animals)

Thank You

Shyam Metalics & Energy Limited

Investor Relations Partners - Orient Capital

Mr. Pankaj Harlalka +91 9830028142 pankaj.harlalka@shyammetalics.com

Mr. Sumeet Khaitan +91 7021320701 sumeet.khaitan@linkintime.co.in

Mr. Hitesh Agarwal +91 7506625374 hitesh.agarwal@linkintime.co.in

Shyam Metalics & Energy Ltd. CIN No. : L40101WB2002PLC095491

Trinity Tower, 7th Floor, 83, Topsia Road Kolkata – 700046, West Bengal, India

P-19 (Plate No. D-403) Taratala Road, Kolkata-700088, West Bengal, India

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