SHYAMMETL

Securing tomorrow with today’s strength Investor Presentation February 2023 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 isnot 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, timeliness or completeness 2 Key Updates for Q3 & 9M FY23 Strengthening • Appointed Mr Nand Gopal Khaitan, as an Additional Director of the Company in Independent Category . • OnboardedKMPG Assurance and Consulting Services LLP as the Internal Auditor of the Company for F.Y 2023-24 Board & Governance along with the separate assignment of Internal Financial Control • On track to increase the existing integrated installed facility of 10.69 million tons to Update on Capex 14.45 million tons by 2025. Capex incurred in 9M FY23 is Rs 968 cr Business Updates • Envisaged capex forrevival Ramsarup Industries, DRI plant & CPP to be operational by September 2023 • Q3 FY23 : Revenue : Rs 2,959 cr , EBITDA : Rs 222 cr , PAT : Rs 65 cr Financial Performance • 9M FY23 : Revenue : Rs 9,311 cr , EBITDA : Rs 1,073 cr , PAT : Rs 590 cr Diversification • Expanding into new sector of colour coated sheets with an investment 603 cr. Setup a dedicated subsidiary: Shyam Metalics Flat Products Ltd 3 Business Update: Ramsarup Industries • Ramsarup Industries is a Kolkata based steel company which acquired by Shyam Metalics via NCLT Super • A special purpose vehicle, SS Natural & Resources Pvt Ltd was Shyam Metalics Smelters Ltd setup to acquire Ramsarup Industries, wherein 60% is owned & Energy Ltd by Shyam SEL and Power Ltd, a wholly-owned subsidiary of Shyam Metalics and Energy Ltd and the balance 40% by another West Bengal-based company, Super Smelters Limited. 100% 40% • The existing facilities at the Kharagpur plant with ~315 acres of land are havenot been operational forthe last 8 years. • The new consortium of owners have identified in the first phase, to kickstart few existing facilities with an outlay of ~ Rs Shyam SEL & SS Natural & 747 crore Power Ltd 60% Resources Pvt • The DRI plant with an estimated capacity of 1,50,000 TPA and Ltd CPP with a 20 MW generation are expected to be operational by September 2023. • The existing blast furnace of 4,50,000 TPA capacity is Ramsarup proposed to be revived along with Sinter of 1,20,000 TPA Industries capacity by December 2023 • Further in pipeline - additions of Oxygen plant of 150 TPD capacity & Coke Oven plant of 2,50,000 TPA capacity slated to be operational by September 2024 and March 2025 Capex Requirement Rs. 448 cr Rs. 299 cr respectively Rs 747 cr 4 Business Update: Greenfield Expansion- Cold Rolling Mill Capacity Total Capex n o Phase I 2,50,000 Ton i s n a p x Rs. 603 Crs E d l e i f n 1,50,000 Ton Phase II e e r G • To setup a greenfield project for a cold rolling mill spread over 94 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 will be setup under the wholly owned subsidiary- Shyam Metalics Flat Products Pvt Ltd Strengthening Brand ‘SEL’ STRUCTURE TMT WIRE RODS TMT are used for the construction of buildings, transmission Towards forward integration, SMEL has set up high towers, industrial sheds, structures, road, dam and in other Structural steel describes hot rolled steel products such quality Wire Rod manufacturing & Wire Drawing facilities various infrastructures as angles, channels and beams. With an array of high- with best available technology and plant & machinery quality Structural products under the brand ‘SEL’, backed SMEL sells the best quality TMT primarily in the states of support by world-class service and its other products, SMEL holds West Bengal, Odisha, Bihar, Jharkhand, Tripura, Sikkim, Since the raw materials are manufactured in-house at its pride of place among the leading steel manufacturers Assam, Arunachal Pradesh, Manipur, Meghalaya, our plant, the company is able toproduce high quality of the country and material directly from the DRHP Uttarakhand, Uttar Pradesh, Punjab and Haryana. Our TMT Wire Rod & H.B. Wires in an efficient & cost-effective and structural products are sold under the brand “SEL” manner 6 Further expansion as Already Aggregate Further to be Aggregate Capacity Post approved on implemented implemented implemented as Particulars Unit capacity at the proposed in implementati 15thmarch after proposed capacities as per existing launch of IPO the IPO on capacity 2022 in IPO on 31stDec expansion Captive Power Plant MW 227 130 - 357 40 267 90 Iron Pellet Plant MTPA 2.4 1.2 2.4 6 2.4 4.8 1.2 Ferro Alloy Plant MTPA 0.21 0.01 - 0.22 0.01 0.22 - Coke Oven Plant MTPA - - 0.45 0.45 - - 0.45 Sponge Iron plant MTPA 1.39 1.51 - 2.9 0.92 2.31 0.59 Iron Making Blast Furnace MTPA - 0.60 - 0.60 - - 0.60 Sub-Total 1.39 2.12 - 3.5 0.92 2.31 1.19 Billet Plant MTPA 0.89 1.11 - 2.01 0.81 1.70 0.31 Liquid Steel TMT, Structural Products, MTPA 0.82 1.25 - 2.07 0.85 1.67 0.40 Wire Rods & Pipes Finished Steel Ductile Pipe Plant MTPA - 0.2 - 0.2 - - 0.2 Sub-Total MTPA 0.82 1.45 - 2.27 0.65 1.47 0.8 Alumunium^ MTPA 0.04 0.04 0.04 0.04 - Aluminium Total MTPA 5.71 5.89 2.85 14.45 4.98 10.69 3.76 We have incurred a capex cost of Rs. 2,497 crores till 31stDec’22 which accounts to 63% of the total Capex envisaged i.e. Rs. 3,950 Crs. and Rs 1,574 Crshave been capitalised out of Rs. 2,497 Crs. Capex incurred in 9M FY23 is Rs 968 cr 7 ^Aluminium capacities not included in the total Shyam Metalics at a Glance • Leading Integrated Steel and Ferro Alloys Producer in India • 4th Largest Sponge Iron Player, Leading player in terms of Pellet Capacity • IntegratedMetalProducingCompany • Strategically located plants with Proximity to Mineral Belts, National Highways and • Operates “Ore to Metal” integrated steel plants Ports withCaptiveRailwaySiding Achieving End-To-End Solutions “Ore To Metal” • 22%:RevenueGrowthin9MFY23YoY • 0.12X GrossDebt/Equity asofSept-22 • PAT Positive since commencement of • OneofLowestGearingamongstcompetitors operationsin2005 10.69 MTPA Combined Production Capacity • ~75% of power sourced from Captive Power • Promoters with decades of experience in Plants at 3.57 Rs./Kwh3 in 9M FY23, while Grid the Metal Industry along with experienced ~75% of power Powercosts5-7 Rs./Kwh4 ManagementTeam sourced from Captive Optimising the Balance Sheet for Resilience & Flexibility 14,624 Employee Strength CRISIL AA CRISIL A1+ (Stable) AA (Stable) Long Term Bank Facilities Short Term Bank Facilities CRISIL Credit Rating 9 Eminent Promoters & Management Mahabir Prasad Agarwal, Chairman Sanjay Kumar Agarwal, Joint Managing Director • An accomplished business leader and a first-generation • Holds a bachelor’s degree in commerce, with honours, from entrepreneur having more than 50 Years of experience University of Kolkata. in steel & ferro alloys industries. • Over 18 years of vast experience in the steel & ferro alloys • He has the foresight to lead the Company in particular industry. on a transformational journey and contributing • Primarily responsible for the Operations / manufacturing of significantly in growth path ofthe company. the plants with focus on cost control, production efficiency, • His keenness to give back to the society and a desire to competitive procurement of raw materials etc. improve the lives of individuals, led to the formation of Shyam Metalic Foundation which is committed to provide the means to empower individuals to bridge Deepak Agarwal, Director Finance the socio-economic divide and contribute to the • He is an Associate member of the Institute of Company creation of equitable and sustainable communities. Secretary of India. • He is a techno commercialprofessional and possessing more than 20 years of experience of steel and ferro alloys Brij Bhushan Agarwal, VCMD industries. • A visionary business leader and second-generation • His array of exposure percolates to areas like finance, entrepreneur. accounting, taxation, banking and treasury, corporate • A guiding force for the company and having over three governance, merger and acquisition, project planning and decades of experience in the steel & ferro alloys execution, legal, secretarial, costing and cost control, risk industries. management, Accounting & Audit etc. • His array of exposures percolates to areas like strategic planning, business development, future expansion, The Management Team is ably assisted by a very strong team of execution of projects, Marketing, Human Resource and Professionals who have contributed immensely to the growth of the corporateaffairs of the company. Company 10 Value Propositions 4 5 1 2 3 Logistical Advantage Captive Power for Backward & Forward Flexible & Diversified Strong Brand & & Infrastructure ~82% power Integration with Product Mix Distribution Network Advantage with requirement presence across the Private Railway Sidings Value Chain 8 9 6 7 Capacity Addition to De-Leveraged Sustainable solution - Consistent increase share of Balance Sheet giving Waste used as Performance over High Margin B2C flexibility in growth ‘Productive Inputs’ the last decade Products 11 Integrated operations across the steel value chain Raw Materials Processing End-Products Electricity Coal Coal Washery Washery Rejects (Captive) Char/Flu Gases TMT Bars Rotary Kilns Power Plant Rolling Mills Wire Rod Washing & Sponge Steel melting Shop Billets Pellets Iron Ore Fines Pelettization Plant Iron Angle Structure Channel Rolling Mills Blast Fines Sinter Plant Sinter Pig Iron Beam Furnace Coking coal Coke Oven Ductile Iron Ductile Pipe Plant Manganese Submerged Arc Manganese Ferro Chrome Ore Furnace Alloys Point of Sale Proposed Expansion 12 Brownfield expansion with… Railway Siding Captive Power Plants Captive Water Reservoir Jamuria Plant Sambalpur Plant We have 1 manufacturing plant located in Sambalpur, Odisha and 1 manufacturing in Jamuria, West Bengal with aggregate installed capacity of 10.69 MTPA comprising of intermediate and final products. Brownfield expansion leading to We also have a small plant in Mangalpur, West Bengal with aggregate installed capacity of 0.1 MTPA Lowest Capex in the Industry These plants also include captive power plants with an aggregate installed capacity of 267 MW 13 Detailed Plant Wise Capacities* – Existing Pandoli, Jamuria, Mangalpur, Product –Wise TOTAL Capacity (MTPA) Odisha West Bengal West Bengal (MTPA) 3 1.8 4.8 Iron Pellets 0.11 0.07 0.04 0.22 Ferro Alloys DRI 1.16 1.09 0.06 2.31 (Direct Reduced Iron) 0.87 0.83 1.70 Billets 0.92 0.75 1.67 TMT, WDM, SRM 158 MW 94 MW 15 MW 267 MW Captive Power (*Capacities as of February 14th 2023) 14 Current Capacities Across Steel Life Cycle Finished Steel 1.67 MTPA WRM 0.92 MTPA (Wire Rod & Wire Draw Mill) TMT 0.52 MTPA Iron Making Liquid Steel Structurals 0.20 MTPA SMS 1.70 MTPA DRI 2.31 MTPA Pipe Mill 0.03 MTA (Direct Reduced Iron) (Steel Melting Shop) 15 Foray into Aluminium Foil segment Aluminium Plant – Pakuria , West Bengal & Giridih, Jharkhand • Capacity: 40, 000 TPA • Plant installed by Achenback (Germany) a pioneer in the industry • Spread over 5 acres • Rolling range: 40 to 5 micron with annhealing capability, customised as per demand 16 …Lowest Capex compared to the Industry • Brownfield capacity expansion expected to increase aggregate installed metal capacity (comprising of intermediate and final products) from 10.69 MTPA currently to 14.45 MTPA and captive power plants Advantages of Brownfield Expansion aggregate installed capacity from 267 MW to 357 MW. These proposed expansions are expected to become operationalbetweenFiscal2023andFiscal2025 • Railwaysliding–2additionaltracksatbothJamuria&Sambalpurplants,atanaggregatecostofRs180crores Lower fixed costs due to using already • CommissionedanaluminiumfoilrollingmillatPakuriainWestBengalwithaninstalledcapacityof0.04MTPA, established facilities, infrastructure, and theplantisnowoperational.TheCapexincurredfortheprojectisRs.355crores. network • Companyhasamplelandavailableforexpansionforthenext5years Capex (Rs Cr) Iron Pellets (MTPA) 2.4 2.4 1.2 6.0 390 130 520 Lower staffing and training costs, due to the presence of already-employed workers at the facility Steel Products (MTPA) 3.1 2.3 2.3 7.8 1,298 1,162 2,460 Ferro Alloys (MTPA) 0.21 0.01 0.22 30 0 30 Low cost advantage for expansion of power capacity. Capex incurred: Rs 110 cr for 40 MW, effectively Power (MW) 227 40 90 357 400 0 400 Rs 2.75 crvs industry average of 4.5 cr per MW Existing Capacity (Mar 22) Addition till date Future Expansions Incurred Pending Total We have incurred a capex cost of Rs. 2,497 crores till 31stDec’22 which accounts to 63% of the total Capex envisaged i.e. Rs. 3,950 Crs. and Rs 1,574 Crshave been 17 Capex spread over the next 3 years capitalised out of Rs. 2,497 Crs. Capex incurred in 9M FY23 is Rs 968 cr Diversified & Interchangeable Product Mix Capacity (Million MTPA) FY19 FY20 FY21 FY22 9M FY23 Iron Pellet 0.90 2.4 2.4 3.6 4.8 Sponge Iron 1.01 1.27 1.39 2.11 2.31 Billets 0.63 0.80 0.89 0.94 1.70 s t c u d o TMT, Structural Steel, r P 0.25 0.82 0.82 0.90 1.67 Wire Rods & Pipes g n i t s i x E Ferro Alloys 0.21 0.21 0.21 0.21 0.22 Captive Power (MW) 164 227 227 267 267 Aluminium Foil 40,000 TPA 40,000 TPA Proposed Capacity of 450,000 TPA Coke Oven w s t c Blast Furnace Proposed Capacity of 600,000 TPA u ed No r P Ductile Iron Pipes Proposed capacity of 200,000 TPA On an aggregate basis, the Capacity Utilization is between 90% -95% 18 Increasing share of B2C/Value Added Products Structural Products are hot rolled products of special TMT Bars are high-strength reinforced bars having a forms like rounds, angles, channels & beams tough outer core and soft inner core We not only make structurals of standard dimensions, but also Customized Products for Specific Applications, economically and quickly Steel Products Our products are sold mainly across Eastern, Central ,Northern and 70% Western Regions of India with some penetration in Southern India. Our ~ TMT and structural products are sold under the brand “SEL”. Revenue Contribution in 9M FY23 19 Huge Export Potential 28 58 14 % % % 7 Countries Exports to countries like Steel products both upstream and Ferro Chrome Aluminum Foil Products USA, Japan, Korea, Italy, downstream including Angles, Ferro Manganese and Nepal, Bangladesh Beams, Billets, Channels, Wire Rods, Silico Manganese Products MS Round Coils and Sponge Iron We are preferred suppliers to large corporations like 9 % World Metals TRAXYS Norecom POSCO Intl J M Global & Alloys North DMCC Corp Resources (FZC) America LLC Export Contribution to Revenues in 9M FY23 Web Manakin Cartonal Packaging Durable Inc Industries Italia Solutions % of Products Exported is for 9M FY23 20 Strategically Located - Supported by Infrastructure Strategically located in the mineral rich East Indian region ~800+ dealers & distributors stock and sell the finished products across 27 states and 1 Union Raw Material Territory Sources are within 250 kms Kolkata We sell 70% of our products Haldia within the vicinity of 500 Km from Dhamra our plants Paradeep Plant Location • Plants are in close proximity to National Highways 16 &19 Vishakhapatnam Captive Railway Sidings • Sambalpur & Jamuria Plants have captive railway sidings Ports are within 600kms Ports Key Raw Material Source Ironore/Ironorefines MineownerslocatedinOdisha Chromeore LongtermlinkageswithOdishaMiningCorporationLimited,othermineownersandimports Manganeseore MOILLimited,othermineownersandimports Fuel supply agreements entered into with Mahanadi Coalfields Limited, Central Coalfields Limited and South Eastern Coal CoalfieldsLimited 21 Lowest Cost Captive Power • Power consumed by the plants are primarily produced in-house by the captive power 5 Captive Plants Sambhalpur Total Capacity of 158 MW plants • Captive powerplants utilise non fossil fuels such aswaste, rejects, heat and gas generated 3 Captive Plants Jamuria Total Capacity of 94 MW from the operations to produce electricity • Cost of in-house power issignificantly less than grid power which costs INR5-7 Per Unit * 1 Captive Plant Mangalpur Total Capacity of 15 MW Captive Power to Total Power Cost of Per Unit of Captive Power** Captive Power Plant Current Capacity* (MW) Consumed (Rs./KWH) Expansion Plans (MW) 15 87.3% 85.2% 79.0% 82.0% 90 75.0% 3.57 94 357 2.16 2.09 2.15 2.12 267 158 Current Proposed FreshPost Expansion FY19 FY20 FY21 FY22 9M FY23 FY19 FY20 FY21 FY22 9M FY23 Sambalpur Jamuria Mangalpur Capacity Capacity * Source: CRISIL Report; **Average cost of Power from Captive Power Plant = Total cost of power from all Captive Power Plants / Total production units 22 Waste to Value Steam generated used Efficient use of by products: Effluents/Wastes from all Fly ash bricks are in production of Power Washery rejects used in the production activity are utilized in various product created from industrial and then in Ferro Alloys Power Plant verticals to create a set of High Value-added Products wastes Fly ash bricks which are manufactured from various industrial wastes such as fly ash, sand, stone, dust and cement, are used globally nowadays over clay bricks and traditional red bricks Power generated by using flu gases and capturing of heat through waste heat Fly ash bricks are also known for being highly durable, less permeable and environment- recoveryboilers friendly as they are manufactured from waste materials that generate from the combustion ofcoalinthermalpowerplants. 23 Capacity Expansion –Share of High Value Products to Increase Break-up of Capacity Expansion (MTPA) 14.4 Capacity Expansion is on the existing land, will help Company augment revenues, better cost controls, 3.7 increase in profitability 10.7 Target completion between FY22 and FY25 0.2 0.2 2.0 0.2 0.2 0.3 0.0 0.0 Total Capex Cost aggregating to ~Rs. 3,950 Crs. 2.0 1.7 0.3 1.7 0.6 0.5 2.9 0.5 0.6 0.0 0.6 0.0 2.3 6.0 1.2 Capacity expansion focused on increase share of high value products 4.8 Iron Sponge Coke Oven Pig Iron Steel TMT, DI Pipes Ferro Total Pellets Iron Billets Structural Alloys & Pipes 24 Revenue mix skewed towards Finished Steel Revenue Mix 19% 18% 16% 17% 15% Flexibility to Sell Intermediate Product, use for 17% 23% Captive Consumption 37% 38% 46% 25% 24% 12% 8% 27% 20% 11% 17% 9% 16% 24% 11% 14% 18% 8% 2019 2020 2021 2022 9M FY23 Ferro Alloys TMT, Structural and Pipes Steel Billets Sponge Iron Iron Pellets Make customized products to capitalise on market opportunities Volumes (in lakh tonnes) 31.2 32.0 1.7 1.6 23.2 5.7 8.1 24.4 20.8 1.3 1.5 1.5 6.1 6.3 7.6 Reduced dependency on any particular product 8.8 10.2 7.8 2.9 1.9 17.7 14.7 7.3 9.9 9.0 2019 2020 2021 2022 9M FY23 Ferro Product Finished Steel Intermediates Iron Pellet 25 IT Initiatives Data Traffic Data Knowledge Automation Integration Management Analytics & AI Partners Focus On High Value Easy Access Reduce TAT for vehicles Consistent Availability Activities Gate and Weighbridge Consistent Presentation Data Integrity Decision Dashboards Automation Real-time data logging User Enablement Maintain Data And Improve Data Reporting Security Standards Continuous Investment Benchmarking & Micro Monitoring Technology Partners 27 Impact of IT Initiatives Employee Skill Development People Agnostic ERP SAP S4 HANA Improved Business Performance Reduced Paper Assessment Documentation Digitisation Monitoring of Business Operations Operational Excellence Customer Satisfaction Enhanced ROI 28 Performance Highlights Q3 FY23 Revenue EBITDA PAT 13% -64% -85% Rs. 2,921 y-o-y Rs. 222 y-o-y Rs. 65 y-o-y Crores Crores Crores 9M FY23 Revenue EBITDA PAT 22% -45% -54% Rs. 9,230 y-o-y Rs. 1,072 y-o-y Rs. 589 y-o-y Crores Crores Crores Q3 FY23 Performance Highlights Revenue from Operations EBITDA Profit After Tax 13% -64% -74% Rs. 2,921 crores Rs. 222 crores Rs. 65 crores y-o-y y-o-y y-o-y Volumes (in lakh tonnes) Volumes (in lakh tonnes) Revenue Breakup Steel Products Y-o-Y Y-o-Y 6.1%4.2% 13.7% -14% +18% 1.1% 3.8 4.9 4.7 +4% 12.2% 0.4 3.2 -27% 4.1 Q-o-Q Ferro Products 0.4 2.8 2.4 8.1% Q-o-Q 0.4 3.2 Finished Steel 2.1 Steel Products 54.5% 3.4 0.6 Iron Pellets 2.8 Steel Billets 0.5 75% 2.3 0.5 1.7 Ferro Alloys Iron Pellets Sponge Iron 1.5 1.2 TMT, Structural and Pipes Aluminium Foil Steel Billets Others Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Sponge Iron 9M FY23 Performance Highlights Revenue from Operations EBITDA Profit After Tax 22% -44% -54% Rs. 9,230 crores Rs. 1,072 crores Rs. 589 crores y-o-y y-o-y y-o-y Volumes (in lakh tonnes) Volumes (in lakh tonnes) Revenue Breakup Steel Products Y-o-Y Y-o-Y 3.1% +24% 14.8% -18% 8.2% 3.6% 12.6 14.1 Ferro Products 1.2 10.3 11.4 16.1% 1.3 7.8 Finished Steel 5.7 8.7% Steel 45.5% Iron Pellets 11.4 Products 1.7 70% 9.0 Steel Billets 1.4 Ferro Alloys Iron Pellets Sponge Iron 4.2 4.6 TMT, Structural and Pipes Aluminium Foil Steel Billets Others 9M FY22 9M FY23 9M FY22 9M FY23 Sponge Iron 33 Per Tonne Realizations Ferro Products Finished Steel Steel Billets Y-o-Y Q-o-Q Y-o-Y Q-o-Q Y-o-Y Q-o-Q -31% -7% -6% +4% -6% +14% +4% -8% +14% 1,29,375 1,08,685 53,811 53,614 48,528 48,067 1,01,879 48,699 50,458 46,986 43,063 44,791 42,214 96,957 89,884 Q3 FY22 Q2 FY23 Q3 FY23 9M FY22 9M FY23 Q3 FY22 Q2 FY23 Q3 FY23 9M FY22 9M FY23 Q3 FY22 Q2 FY23 Q3 FY23 9M FY22 9M FY23 Sponge Iron Iron Pellets Y-o-Y Q-o-Q Y-o-Y Q-o-Q 0.0% -8.6% +10% -30% +4% -30% 32,436 31,997 10,424 13,112 29,652 29,647 29,143 7,433 7,725 8,445 Q3 FY22 Q2 FY23 Q3 FY23 9M FY22 9M FY23 Q3 FY22 Q2 FY23 Q3 FY23 9M FY22 9M FY23 34 Consolidated Profit & Loss Statement Particulars (Rs. Crs.) Q3FY23 Q3 FY22 Y-o-Y Q2 FY22 Q-o-Q 9M FY23 9M FY22 Y-o-Y Revenue from Operations 2,921.7 2,577.8 13.3% 3,085.2 -5.3% 9,230.1 7,537.2 22.5% Cost of Material Consumed 2,080.3 1,640.6 2,314.4 6,391.2 4,665.6 Purchase of Stock 174.5 2.1 17.2 290.2 24.5 Change in Inventories -110.2 -51.5 -46.1 -142.2 -155.7 Total Raw Material 2,144.6 1,591.3 2,285.4 6,539.1 4,534.4 Gross Margin 777.1 986.6 799.8 2,691.0 3,002.8 Gross Margin (%) 26.6% 38.3% 25.9% 29.2% 39.8% Employee Expenses 86.1 57.3 83.5 247.6 181.2 Other Expenses 468.8 304.3 472.7 1,371.0 884.9 EBITDA 222.0 625.0 -64.5% 243.6 -8.9% 1,072.4 1,936.6 -44.6% EBITDA Margin (%) 7.6% 24.2% 7.9% 11.6% 25.7% Other Income 37.6 16.6 21.7 81.2 45.0 Depreciation 132 59.7 110.4 337.2 181.6 EBIT 127.8 581.8 154.8 816.4 1,800.0 EBIT Margin (%) 4.4% 22.6% 5.00% 8.8% 23.9% Finance Cost 32.8 5.7 14.9 54.5 17.0 Share in Profit/(Loss) of Associate and JV 0 0.1 0.1 0.1 0.2 Profit beforeTax 95 576.2 139.9 761.9 1,783.1 Tax 30.3 153.5 29.0 172.4 492.2 Profit After Tax 64.8 422.7 -84.7% 110.9 -41.6% 589.5 1,291.0 -54.3% PAT Margin (%) 2.2% 16.4% 3.6% 6.4% 17.1% EPS (Rs) 2.5 16.6 4.4 23.1 51.9 Blended EBITDA Per Ton : Q3 FY 23 –Rs 4,547 vs Q3 FY 22 –Rs 15,145 | 9M FY23 –Rs 7,585 vs 9M FY22 –Rs 17,021 35 CSR Initiatives • YearlyEye&MedicalCampforVillagers • FreeAmbulance&DrinkingwaterServicesforvillagers Rural Health • NewHealthCenter&HomeopathyClinic • FREEMedicine&SpectaclesandBloodDonationCamp • FREECoachingCenterforEconomicbackwardSection • ComputerTrainingCenteratDhasnavillage Rural Education • SchoolBagAndCycleDistribution • SHYAM Scholarship for Meritorious students of Economic Backwards • Temples • VillageSanitation Social • TeachersTrainingandRemuneration Infrastructure • VillageHandicrafts–Skilldevelopment Development • SportsFootballCoaching • GauDaan(CareforAnimals) • WomenEmpowerment • RoadsafetyCampaignSAFEDRIVESAFELIFE Social Awareness • SocioEnvironmentalAwareness • DistributionofHelmetsforSafedrive&Savelife 36 CSR Initiatives • WaterConservation-Checkdam,Pond,landscaping,Plantation, • PromotionofsolarLight Sustainability • SolarirrigationPumps • PromotionofOrganicFarming • Runningsewingcenter,computertrainingcenter • Alternate source of income via enterprise development, skill Skill development Development • KALPVRIKSHA(Empowerment)programme • FootballteamofShyamSel&PowerLimited Sports • Shoes&Suitdistribution Promotion • Playgrounddevelopment 37 Shyam Metalics & Energy Limited Mr. Trilochan Sharma +91 9831298290 trilochan.sharma@shyammetalics.com Ms. Maumita Dhar +91 9903568990 Maumita.dhar@shyammetalics.com Investor Relations Partners Mr. Nachiket Kale +91 9920940808 Nachiket.kale@linkintime.co.in Mr. Rajesh Agrawal +91 9967491495 Shyam Metalics & Energy Ltd. Rajesh.agrawal@linkintime.co.in CIN No. : L40101WB2002PLC095491 Trinity Tower, 7th Floor, 83, Topsia Road Kolkata – 700046, West Bengal, India