SAIL

STEEL AUTHORITY OF INDIA LIMITED RESULTS PRESENTATION FOR Q1 FY’27 SNAPSHOT FY’27 Mining Iron Ore: 10.410 MT Limestone: 0.242 MT Dolomite: 0.140 MT Production Hot Metal: 5.051 MT Crude Steel: 4.757 MT Saleable Steel: 4.516 MT Sales & Marketing Domestic Sales: 4.106 MT Exports: 0.057 MT Total Sales: 4.163 MT Financials Turnover: Rs. 26010 crore Revenue From Operations: Rs. 26246 crore Net Worth: Rs. 59720 crore Profitability EBITDA: Rs. 4356 crore PBT: Rs. 2159 crore PAT: Rs. 1636 crore Ratios EPS: 3.96 EBITDA Margin: 16.7% Debt Equity (IndAS): 0.54 Funds Debt (IndAS): Rs. 31970 crore DSCR: 1.66 Interest Coverage Ratio: 4.80 STEEL AUTHORITY OF INDIA LIMITED Global Economic & Steel Scenario WORLD ECONOMIC SCENARIO Growth Rates ( in %) World Advanced Economies Emerging & Developing Economies 6.6 6.0 5.2 4.4 4.3 4.5 4.5 4.1 3.8 3.5 3.3 3.3 3.5 3.4 3.0 2.6 1.7 1.8 1.9 1.7 1.8 Projections remain lower than Fighting Inflation, Slowdown in -2.0 2025 performance though there Advanced Economies and -3.1 Is improvement in projections Recovery Post 1st Russia-Ukraine War, recovery over earlier projections. Phase of COVID19 has been gradual thereafter. -4.5 2020 (E) 2021 (E) 2022 (E) 2023 (E) 2024 (E) 2025 (E) 2026 (P) 2027 (P) IMF, in the World Economic Outlook released during Jul’26, has increased the growth projections for 2026 over the projections released during Apr’26. The overall estimates for global economy in 2027 are marginally better than projections of 2026 due to significant improvement in the projections for the Emerging & Developing Economies and despite projections being lower for the Advanced Economies. The major factor impacting the projections for current year 2026 has been the prevailing scenario in the middle east. SOURCE: IMF E= Estimates P= Projections WORLD STEEL SCENARIO Crude Steel Production (MT) World China RoW 1963 1883 1889 1904 1887 1850 1065 1035 1018 1029 1005 927 961 871 875 882 889 819 785 773 432 416 353 358 2020 2021 2022 2023 2024 2025 Jan-May 2025 Jan-May 2026 Steel Production as been coming down every year barring 2023 where marginal increase was witnessed. The first 5 months of the current year have also seen the production falling by 1.5 over CPLY with China registering degrowth of 3.8% with marginal increase in production in Rest of the World (RoW). • Despite reduction in its own production, China continues to dominate the global production numbers. In fact, the share of China in the global production has been consistently more than 50% of the global production. The production by China stood at ~53.7% of global production during Jan-May CY’26. The production in China during the period has, however, been at lower by 3.8% over CPLY. • Among the other major producers, Vietnam (26.8%),Germany (8.8%), India (7.7%), Turkey 6.8%), USA (6.8%) and South Korea (2.7%) have registered positive growth in production during Jan-May CY’26 over CPLY. On the other hand, countries like Russia (10.0%), Brazil (1.9%) and Japan (0.7%) have registered negative growth during the period. SOURCE: World Steel Association (WSA) INTERNATIONAL PRICE TRENDS 280 Coal FOB Australia (USD/t) 125 Iron Ore CFR China (USD/t) 260 120 240 115 220 110 200 105 180 100 160 95 140 90 Lumps Fines Australia Origin Fines Brazil Origin 120 HCC PCI 85 100 80 560 Hot Rolled (USD/t) 640 Cold Rolled (USD/t) 540 620 520 600 500 580 480 560 460 540 440 520 420 FOB Black Sea FOB China CFR Europe FOB Black Sea FOB China 400 500 SOURCE: Big Mint STEEL AUTHORITY OF INDIA LIMITED Domestic Economic & Steel Scenario INDIAN ECONOMIC SCENARIO GDP Growth % at Constant (2011-12) Prices SOURCE: MOSPI, GOI 9.7 9.2 Quarterly GDP 7.6 7.4 6.5 8.2 7.4 7.8 6.5 6.4 5.6 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 (SAE*) (FAE^) *SAE: Second Advance Estimates ^FAE: First Advance Estimates Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 -5.8 COVID19 Pandemic saw the GDP of Indian economy slide into negative during FY’21 at -5.8%. The post COVID recovery was subsequently impacted by factors like inflation. Second Advance Estimates for the FY’25 stand at 6.5% which is substantially lower than earlier projections with First Advance Estimates for FY’26 at 7.4%. Despite projections for future years coming down in the range of 6.4% - 7.2%, India is likely to remain amongst the fastest growing major economies. The projections from major financial agencies are as follows: Source Growth Projection Remarks 6.4% (CY26) & The projections for CY26 have been marginally reduced while the same have been IMF (Jul’26) 6.7% (CY27) improved for CY27. World Bank 7.2% (FY27) & The estimate for FY27 have been improved to 7.2% while the same hare marginally (Jun’26) 7.0% (FY28) lower at 7.0% for FY28. The projections have been reduced to 6.6% for FY27. The quarterly projections for RBI (Jun’26) 6.6% (FY27) Q1, Q2, Q3 and Q4 FY27 stand at 6.6%, 6.3%, 6.5% and 6.8% respectively. INDIAN ECONOMIC SCENARIO IIP Growth % at Constant (2022-23) Prices 180.0 170.0 160.0 150.0 140.0 130.0 120.0 110.0 100.0 Primary Goods Capital Goods 90.0 Intermediate Goods Infrastructure Goods 80.0 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5 5 5 5 5 5 6 6 6 6 6 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 'r p A 'y a M 'n u J 'lu J 'g u A 'p e S 't c O 'v o N 'c e D 'n a J 'b e F 'r a M 'r p A 'y a M 'n u J 'lu J 'g u A 'p e S 't c O 'v o N 'c e D 'n a J 'b e F 'r a M 'r p A 'y a M 'n u J 'lu J 'g u A 'p e S 't c O 'v o N 'c e D 'n a J 'b e F 'r a M 'r p A 'y a M The IIP has shown improvement in five of the six categories during first two months of FY2026-27 as against FY2024-25. The growth has been driven majorly by Infrastructure Goods and Capital Goods. On the other hand, Consumer Non-durables and Primary Goods have shown marginal growth only over previous year. SOURCE: MOSPI, GOI INDIAN STEEL SCENARIO Crude Steel Production (mtpa) 169.2 152.2 144.3 127.2 120.0 109.1 103.5 40.8 45.4 42.1 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 Q1 FY'26 Q4 FY'26 Q1 FY'27 Finished Steel Consumption (mtpa) 164.2 152.1 136.3 119.9 105.8 100.2 94.9 38.4 44.9 41.6 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 Q1 FY'26 Q4 FY'26 Q1 FY'27 The production of crude steel in India during Q1 FY’27 has grown by 3% over CPLY whereas consumption has grown by ~8% during the same period. Source: JPC DOMESTIC PRICE TREND All figures in Rs. thousand/tonne s 12 Fines/Lumps/Pellets s 50 Semis/Ingot d d 48 n 10 n a a 46 s s u u 44 o 8 o h h 42 T T 6 40 38 4 36 Lumps 63% Fe, Odisha Index 34 2 Fines 63% Fe, Odisha Index Billets Ex-Raipur Ingot DAP-Mandi Pellets 63% Fe, Exw-Raipur 32 0 30 s 70 Flats 65 Longs d s d n a s 65 HRC Ex-Delhi CRC Ex-Delhi n a 60 Wire Rod Ex-Jharkhand u s u o 60 o Rebar Ex-Delhi h h T T 55 55 50 50 45 45 SOURCE: Big Mint STEEL AUTHORITY OF INDIA LIMITED Operational Performance PRODUCTION PERFORMANCE All figures In Million Tonne 19.2 19.2 19.4 18.3 17.4 16.2 15.2 CRUDE STEEL PRODUCTION 5.1 4.9 4.8 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY'26 Q4 FY'26 Q1 FY'27 Annual Quarterly 19.2 18.4 17.9 16.9 17.2 SALEABLE 15.1 14.6 STEEL PRODUCTION 4.7 4.7 4.5 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY'26 Q4 FY'26 Q1 FY'27 PRODUCTION PERFORMANCE : FY’27 SAIL 12.5% PRODUCT MIX : 52.7% 5 ISPs 34.8% BSP 64.9% 23.1% 12.0% DSP 60.4% 39.6% Flats Longs RSP 100.0% Semis BSL 89.3% 10.7% ISP 79.1% 20.9% PRODUCTION PERFORMANCE : FY’25 1.4% Ingot Route 0.7% CC Route CRUDE STEEL BOF PRODUCTION EAF BY PROCESS 99.3% 98.6% SALEABLE STEEL Value Added 45.4% PRODUCTION 54.6% Commodity BY PROCESS TECHNO-ECONOMIC PARAMETERS Coke Rate: kg/thm CDI Rate: kg/thm 457 114 448 445 444 113 113 440 97 106 85 76 78 421 419 420 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 Specific Energy Consumption: GCal/tcs BF Productivity: T/m3/Day 6.47 6.48 6.36 6.35 6.30 6.26 2.13 2.09 6.20 2.02 6.18 1.88 1.80 1.81 1.79 1.84 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 SALES PERFORMANCE Annual All figures In Million Tonne 19.9 Quarterly 17.9 17.0 16.2 16.2 14.9 14.2 4.6 5.3 4.2 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY'26 Q4 FY'26 Q1 FY'27 Sectoral Breakup 5 ISPs Sales - Product Mix Galvanized Semis Others Structurals Products 6.3% 0.2% 8.0% Plant Sales 0.9% 3.3% CR Coils/Sheets Bars & Rods 6.4% 20.9% Non HR Plates/ Exports Retail Retail 5 ISPs CMO Coils/Sheets 1.4% 7.4% 86.2% Home Sales 29% Rly Products 93.6% 8.8% PM Plates Special Steels 17.1% 1.7% PE Products 0.9% STEEL AUTHORITY OF INDIA LIMITED Financial Performance FINANCIAL PERFORMANCE Rs. Crore Q1 FY 26 Q4 FY 26 Q1 FY 27 (INDAS Compliant figures) Sales Turnover 25731 30541 26010 Total Income 26082 31169 26449 EBITDA 2925 4762 4356 Depreciation 1441 1576 1560 Finance Cost 595 532 493 PBT Before Exceptional Items 890 2653 2303 Exceptional Items 0 -330 -144 PBT After Exceptional Items 890 2324 2159 Tax 204 644 523 Profit After Tax 685 1680 1636 FINANCIAL PERFORMANCE Profitability Trend 22364 (Rs. crore) EBITDA PBT PAT 16039 13740 13146 12015 12280 11764 11184 9379 6879 4334 4356 3850 3688 3171 2637 1903 2733 3009 3233 2022 2148 2159 1636 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY 27 EBITDA Margin (%) EBITDA/ton (Rs.) 21.8 13846 20.1 18.4 16.7 10464 9199 7869 11.7 11.6 7213 6595 6574 12.0 9.0 5791 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY 27 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q1 FY 27 FINANCIAL PERFORMANCE Quarterly Performance EBITDA (Rs. crore) 4762 PBT 4356 PAT 2925 2324 2159 1680 1636 890 685 Q1 FY 26 Q4 FY 26 Q1 FY 27 EBITDA Quarterly Movement (Rs. crore) 2330 178 3147 396 304 843 71 483 97 4762 201 4356 4356 1696 2925 1525 FINANCIAL PERFORMANCE Borrowings (Non Ind AS) Net Worth 29811 59720 28741 58195 26427 55656 56224 55973 56236 24852 21729 21663 Mar'25 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 Mar'25 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 Quarterly Interest Debt-equity (times) (Non Ind AS) 0.54 664 0.51 0.47 595 0.44 547 532 493 0.37 484 0.36 Mar'25 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 Mar'25 Jun'25 Sept'25 Dec'25 Mar'26 Jun'26 Borrowings, Interest and Net Worth in Rs. crore Abbreviations used • BF Blast Furnace • FOB Freight On Board • SMS Steel Melting Shop • JPC Joint Plant Committee • BOF Basic Oxygen Furnace • Kg/thm Kilo Gram Per Tonne of • THF Twin Hearth Furnace Hot Metal • EAF Electric Arc Furnace • Tpd Tonnes Per Day • BSP Bhilai Steel Plant • MT Million Tonne • DSP Durgapur Steel Plant • Mtpa Million Tonne Per Annum • RSP Rourkela Steel Plant • EBITDA Earnings Before Interest, Taxes, Depreciation & • BSL Bokaro Steel Limited Amortization. • SSP Salem Steel Plant • PAT Profit After Tax • VISL Visvesvaraya Iron & Steel • PBT Profit Before Tax Plant • RINL Rashtriya Ispat Nigam • ASP Alloy Steels Plant Limited • CPLY Corresponding Period • CS Crude Steel Last Year • CDI Coal Dust Injection • G.Cal/tcs Giga Calories per tonne of • CC Continuous Casting Crude Steel • ISP Integrated Steel Plant • BOO Build-Own-Operate • HDGL Hot Dip Galvanizing Line • GoI Government of India • CR Cold Rolled • MOEF Ministry of Environment & Forests • HR Hot Rolled Disclaimer Statements / Data which do not relate to SAIL and are used / made in this presentation are from sources which are considered reliable and Company cannot be held for its authenticity. Further, statements describing the Company’s projections, estimates, expectations are “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed depending on the circumstances / situations. Major factors that could affect the Company’s operations include, among others, economic conditions affecting demand / supply and prices in the domestic and global markets in which the Company operates, changes in Government regulations, tax laws and other statutes, etc.