TATASTEELNSE2 July 2025

Tata Steel Limited has informed the Exchange about Investor Presentation

Tata Steel Limited

Ref: SEC/473/2025-26

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

Dear Madam, Sirs,

July 2, 2025

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

Sub: Presentation to be made at the 118th Annual General Meeting of Tata Steel Limited

Please find enclosed herewith the presentation to be made to the Investors at the 118th Annual General Meeting of Tata Steel Limited scheduled to be held today, i.e. July 2, 2025 at 3:00 p.m. (IST) over video conferencing / other audio-visual means.

This presentation is being submitted in compliance with Regulations 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.

Thanking you.

Yours faithfully, Tata Steel Limited

Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer

Encl.: As above

118th Annual General Meeting​

July 02, 2025

Safe harbour statement

Safe harbour statement

Statements in this presentation describing the 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 include, among others, economic operations conditions affecting demand/supply and price conditions in the 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.

118th Annual General Meeting

2 2

Tata Steel is focused on creating sustainable value

Leadership in Sustainability

Leadership in India

Leadership in technology and digital

Consolidate position as global cost leader

Robust financial health

Become future ready

118th Annual General Meeting

3

We are committed to ‘Zero Harm’ Journey towards excellence in Safety & Health of employees1

56% LTIFR*

In the last 15 years

From Awareness to Action: Elevating safety culture

Digitally enabled Safety

Safety Alert Command Centres

Process Safety

Audit on risk perception & standard deployment

Occupational Health

Wellness recognition policy

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

4 2 Y F

5 2 Y F

Behavioral Safety

Training on risk perception & decision making

118th Annual General Meeting

Note: 1Employees refers to Permanent and Contract workforce, *Lost Time Injury Frequency Rate per million-man hours worked, for Tata Steel Group

Vendor Rating

Star rating system for high-risk job

4

Improving quality of life of our communities 57 lakh+ lives impacted1 and more than Rs 2,274 crores spent2 in the last 5 years

22,400+ out of school children brought back to education system

43,000+ children & youth engaged in rural sports

~116 mn cubic feet water storage capacity created

45,000+ people enrolled in tribal language classes

2,500+ women enrolled in leadership trainings

93% redressal rate in high-risk case among pregnant women & children

33,500+ households adopted climate resilient agri practices

~₹5,300 crore public funds unlocked directly to communities

118th Annual General Meeting

Note: 1Cumulative as on FY2025, 2CSR Spend by Tata Steel Standalone

5

Sustainability is at the core of our strategy Route and pace of decarbonisation to be calibrated across geographies

Net Zero emissions for

Tata Steel 2045

Our ESG goals underpin the focus areas

Circular economy

Water, Air emissions

Biodiversity, Dust

Process improvement, Carbon direct avoidance and Carbon Capture & Utilisation

Pursuing decarbonisation to reduce 50 million tons CO2e over a decade

Employees, Community

Supply chain

R&D, Technology

Engaging with the Netherlands govt. for support towards decarbonisation & environmental measures project

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Note: R&D – Research and Development

6

Scaling up in India to capitalise on the growth opportunity

India steel per capital income at an inflection point Brownfield optionality across multiple sites

Ramp up of India’s largest blast furnace at Kalinganagar to rated capacity (5 MTPA) progressing

2.2 MTPA CRM Complex at Kalinganagar

40

~0.8

5

EAF under construction

TSK Ph 2 Commissioned

5

16

0.75 MTPA Electric Arc Furnace at Ludhiana

Flats

Longs

118th Annual General Meeting

Note: TSK – Tata Steel Kalinganagar, EAF – Electric Arc Furnace, CRM – Cold Rolling Mill

7

Journeying towards sustainable operations in UK and Netherlands

In UK, safely decommissioned both the blast furnaces and received planning permission to setup EAF

In Netherlands, initiatives to remain amongst the most cost competitive in EU while becoming “green” & “clean”

~2

tCO2e / tcs

Mar’24

Closure of Coke Ovens

Sep’24

Closure of Blast Furnaces

▪ Committed to achieving 40% CO2 emission reduction

- Government support is key

Dec’24

Order for EAF placed with Tenova

~1.2

tCO2e / tcs

Oct’24

Phase

Grant Funding Agreement (GFA) signed with the UK govt

»

»

1

Shutdown of one of the blast furnaces

Replaced by DRP – EAF

»

Adoption of Carbon Capture on DRP; utilise H2 as it becomes cost competitive

Feb’25

Received planning permission for EAF

Jul’25 Site activity for Construction of EAF & upgrades to select facilities

2027 New Electricity connection goes live

~0.4

tCO2e / tcs

~3 MTPA EAF 2027-28 commissioning

Phase

2

»

»

Shutdown of remaining blast furnace

Transition to greener steelmaking

118th Annual General Meeting

Note: EAF – Electric Arc Furnace, DRP – Direct Reduction Plant

8

Embracing Digital and Technology to create and unlock value

Around 550+ models built & deployed across the value chain

Tailored for micro, small, and medium enterprises, DigECA, streamlines steel procurement through online pricing, negotiation and efficient delivery

Process Control and Optimisation

Predictive Maintenance

Personalised Experience

Boulder detection system at mines

Integrated management system

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Financial Management to enable returns across cycle

85+ years of continued dividend payout

Total Shareholder Returns1 (%)

Dividend in Rs per share

Tata Steel

Nifty 50

Sensex

42

22

3.60

20

19

12

11

5 years

10 years

17

12

12

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

FY25*

25 years

118th Annual General Meeting

Note: *FY25 Dividend per share is recommended by Board, Total Shareholder Returns sourced from Bloomberg as of 25th June 2025 and considers dividend reinvestment

10

Tata Steel Consolidated Financial Highlights

Deliveries (mn tons)

Revenues (Rs Crores)

EBITDA (Rs Crores)

30.96

2,29,171

2,18,543

23,402

25,802

29.39

FY2024

FY2025

FY2024

FY2025

FY2024

FY2025

PAT (Rs Crores)

Diluted Earnings per share (Rs.)

Dividend per share (Rs.)

3,174

2.74

3.60

3.60

-4,910

FY2024

118th Annual General Meeting

-3.62

FY2025

FY2024

FY2025

FY2024

FY2025

Note: Revenue refers to Total Revenue from operations, Dividend per fully paid-up equity share of face Value Rs 1/-

11

Becoming culturally future ready

Pioneering initiatives and legacy of several 1st in industry especially in India

Initiatives to reach new level of excellence

Talent Preparedness for growth to 40 MTPA

Focus on productivity and restructuring

Fostering a Future Ready Culture

✓ Talent integration

✓ Cost

✓ Culture of safety :

post merger

competitiveness

Zero Harm

✓ Focus on skill for all categories of people

✓ Building talent pipeline for decarb projects

✓ “One Tata Steel”-

Synergy via collaboration across locations

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118th Annual General Meeting

Some milestones we are proud of

40 million tons of Iron ore mined in India in FY2025

Noamundi mine completed 100 yrs of sustainable mining

1st India BF to produce 50 mn tons of hot metal over time

CRM at Jamshedpur completes 25 years

Sustainability champion 8 years in a row by worldsteel

>90% India prodn. via sites ResponsibleSteelTM certified

Partnerships to drive technological progress

5.7 million+ lives impacted through our CSR programs

Consistently filed 100+ patents in a year

ESA & Tata Steel Netherlands conduct experiments on ISS

Investment grade credit rating by S&P and Moody’s

Deployed 550+ AI models across value chain

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Note: BF – Blast Furnace, CRM – Cold Rolling Mill, CSR – Corporate Social Responsibility, ESA – European Space agency, ISS – International Space Station, AI – Artificial Intelligence

13

Our efforts are being recognized globally and nationally

Recognized as ‘Sustainability Champion’ by worldsteel (8th time in a row)

Gold Employer by India Workplace Equality Index (IWEI) for fourth consecutive year

National Intellectual Property Award for patents filing, grant & commercialisation; World Intellectual Property Award

Golden Peacock Award for Excellence in Corporate Governance, 2024

Recognised amongst the top 20 innovative companies at CII Industrial Innovation Awards 2024

Tata Steel UK’s Training Academy honoured with the prestigious Princess Royal Award

Climate Action Programme (CAP) 2.0 Resilient Award for 3rd consecutive time by the Confederation of Indian Industry

ICSI National Award for Excellence in Corporate Governance and India Legal Team of the Year Award at the 14th Legal Era Awards

Noamundi & Joda East mines receive 5-Star Rating Awards for Sustainable Development by Ministry of Mines, GoI

118th Annual General Meeting

Note: GoI – Government of India

14

“ Journey Continues… We value your inputs and suggestions.”

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

Products and Retail, IPP – Industrial Products and Projects

15

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