Q3 FY’17 - Jindal Steel and Power Trend: Ferro Alloy Silico Mn ( Ex Durgapur) 8,649 8,649 10,152 12,75010,152 27,737 27,737 5,500 6,500 6,500 14,750 15,750 15,750 W1 April '16 July

Q3 FY’17

Industry Update &

Key Performance Highlights

14th February, 2017

DISCLAIMER This presentation may contain certain forward looking statements concerning JSPL’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and the target countries for exports, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions with respect to investments, fiscal deficits, regulations, etc., interest and other fiscal costs generally prevailing in the economy. Past performance may not be indicative of future performance. We do not undertake to update our forward-looking statements.

This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in JSPL or any of it’s subsidiary undertakings or any other invitation or inducement to engage in investment activities, neither shall this presentation nor the fact of it’s distribution form the basis of, or be relied on in connection with, any contract or investment decision. Few numbers in this presentation are purely indicative & provisional and could change later.

OUTLOOK

Q3 FY’17

INDUSTRY DEVELOPMENTS

BRIEF BACKGROUND FINANCIAL PERFORMANCE

OPERATIONAL PERFORMANCE

PRESENTATION OUTLINE

799

808 1.2 %

105.1

104.8

89

96

World Crude Steel Production recovered in CY16 (fig in MnT)

#1 China

#2 Japan

#3 India Source: WSA

CY 15 CY 16

0.3%

7.4 %

World 1615

1628 0.8 %

2.9

1.2

5

-0.1

1.4 1.3

4.7

0.8

-5.6

-3.1

-1.1

3.9 5.2

-8

-6

-4

-2

0

2

4

6

Min

ing

Sec

Gro

wth

(y-

o-y

, %

)

-1.26 -1.5

2.0

0.1

-1.35

1.1

2.1

-2.4

-0.7

0.7

-1.9

5.7 5.3

-3

-2

-1

0

1

2

3

4

5

6

7

Min

ing

Sec

Gro

wth

(y-

o-y

, %

)

IIP exhibited a slight decline

Overall IIP Trend

Manufacturing

Mining

5

Electricity

-2.4 -2.8

0.7 -1.2

-3.1

0.7 0.9

-3.4

-0.3

0.9

-2.4

5.5

-2

-4

-3

-2

-1

0

1

2

3

4

5

6

Man

ufa

ctu

rin

g G

row

th (

y-o

-y,

%)

3.2

6.6

9.6

11.3

14.6

4.7

8.3

1.6 0.1

2.4

0.1

8.9 6.3

0

2

4

6

8

10

12

14

16

Elec

tric

ity

Sec

Gro

wth

(y-

o-y

, %)

Electricity Sector's IIP

Source: Ministry of Finance, RBI

Indian Steel Scenario : (April-Dec ‘16)

In Million MT Apr-Dec'16 YoY

Production for sale 73.8 10.5%

Import 5.5 -37.4%

Export 4.9 57.8%

Consumption 61.5 3.3%

Crude Steel Production 72.2 8.5%

Source: JPC

Indian real consumption grows by 3%

(Qty : MnT) FY ‘16 April- Dec'16

Qty change (y-o-y) Qty

change (y-o-y)

Crude Steel Production 89.8 0.9% 72.17 8.5 %

Finished Steel (Non Alloy+Alloy)

Import 11.7 25.7% 5.49 (37.4)%

Export 4.08 (27)% 4.98 58 %

Real Consumption (Demand) 80.5 4.6% 61.5 3.3 %

Source: JPC

A) China: Decline in Chinese steel demand softened by government stimuli

Steel demand in China is projected to decline by -1.0% in 2016 and by -2.0% in 2017.

B) Emerging Economies:

Steel demand in emerging and developing (excluding China) economies is expected to expand by 4.0% in 2017.

C) Developed economies :

Steel demand in developed economies is projected to increase by 1.1% in 2017.

World Finished Steel Demand (CY 16 & CY 17): Major consumption pockets

Source: WSA

OUTLOOK

Q3 FY’17





INDUSTRY UPDATE STEEL SECTOR

23300

19550

21550 21550 21800

25100 24700

24000 23800

12300

11200

13250 13500

13188 13575

15100

14150 14150

17200 17000

18200

17500

18675 19025

19700

18500 18900

April Aug Sept Oct Nov Dec Jan last week Latest

Semis and Sponge (Pellet) Price Trend (Raipur) Billet

Sponge (Pellet)

Scrap (Mandi)

Scrap (80:20)

Pellet Sponge

Domestic Semis and steel Intermediary price trend

11

Billet

Source: Steel Mint

Domestic Finished steel price trend

Trade Flat Steel: - HRC & Plate prices continue to increase

in domestic market due to RM cost push

- HRC & Plate prices increased by 19-23% (April to till date)

Trade Long Steel:

- Post Aug ‘16 TMT & Wire Rod prices increased by 16-21% (April to till date) .

35000 34500

36500 37500

38500

40500

45000

43750 43000

35000

33500

35500

37800 38325

39750

44000

42000 41500


Flat Steel Price Trend (Delhi)

HRC

Plate

26500

22200

23900 24000

25050

26125

27900

26800 26800

29100

24600

25900

26900 27050

28000

29700

28500 28200


Long Steel Price Trend (Delhi)

TMT

Wire Rod

Source: Steel Mint

Domestic Iron Ore prices on the upswing

Iron Ore Lump Prices Iron Ore Fines Prices

Source: Steel Mint Odisha’s prices include royalty, Chhattisgarh’s prices exclude royalty

1800

1650

1600 1525

1430

1600

1450

1300 1300 1200

1075 1050

1150

1250

2546

2243

1960

1660 1560

1560

1560 1710

1860

1660

1460

1460

1760

1860

900

1200

1500

1800

2100

2400

2700

3000

Ap

r'1

5

May

'15

Jun

'15

July

'15

Au

g'1

5

Sep

'15

Oct

'15

No

v'1

5

De

c'1

5

Jan

'16

Feb

'16

Mar

'16

Ap

r'1

6

May

'16

Jun

'16

July

'16

Au

g'1

6

Sep

'16

Oct

'16

No

v'1

6

De

c'1

6

Pri

ce in

Rs/

t (e

x-m

ine

s)

Odisha Fines (0-10 mm, Fe 63%)

Chhattisgarh Fines (0-10 mm, Fe 64%)4800

4575

4500

4300

4300

3130

2800

2650 2600

2500 2400

2700

4040

3840 3840

3840

3840

2900

2215 2180 2250

2500

2300 2070

1960 1960

2420

1600

2000

2400

2800

3200

3600

4000

4400

4800

5200

Ap

r'1

5

May

'15

Jun

'15

July

'15

Au

g'1

5

Sep

'15

Oct

'15

No

v'1

5

De

c'1

5

Jan

'16

Feb

'16

Mar

'16

Ap

r'1

6

May

'16

Jun

'16

July

'16

Au

g'1

6

Sep

'16

Oct

'16

No

v'1

6

De

c'1

6

Pri

ce in

Rs/

t (e

x-m

ine

s)

Odisha Lumps (10-30mm, Fe 62- 63%)

Chhattisgarh DR CLO (10-40mm, Fe 65.5%)

Domestic Ferro Alloy and other ore price firmed up:

Since April ’16 - till date: Some benchmark prices follow the following trend: • Ferro Silicon : Up by 6% • Ferro Chrome : Up by 57% • Silico Mn : Up by 7% • Mn Ore : Up by 186% • Chrome Ore : Up by 221%

57,250 62,000

80,000

92,000

1,03,000 1,05,000

90,000 90,000

W1 April'16

July '16 Oct '16 Nov '17 Dec '16 Jan '17 last Week Latest

Price Trend: Ferro Alloy

Ferro Chrome HC 60 % (Ex Jajpur)

55,000

43417

55,500

61,000

63,500 65,000

60,000 59,000

W1 April'16

July '16 Oct '16 Nov '17 Dec '16 Jan '17 last Week Latest

Price Trend: Ferro Alloy

Silico Mn ( Ex Durgapur)

8,649 8,649 10,152 10,152

27,737 27,737

5,500 6,500 6,500

12,750 14,750

15,750 15,750

W1 April '16 July '16 Oct '16 Nov '17 Dec '16 Jan '17 last Week Latest

Price Trend: Cr & Mn Ore

Chrome Ore ( 52-54% OMC auction)

Mn Ore (32-34% lump) Ex-Barbil

Source: Steel Mint

International Iron Ore & Pellet Prices trend (CFR China - $/MT)

International Pellet Prices: increased by 43% (Oct’16 to till date)

International Iron Ore Fines (Fe 62%) • Increased by 71 % (Oct ‘16 to till date)

93

87

81 83 83 82

79 81

79 81 81

77 78

70 73 73

71

59 59 57 57 55

119

112

107 110 110

108 104

107 105

111 113

109

100

96 98 98 97

91 90 88

85 83

14

th F

eb

'17

10

Feb

'17

6 F

eb

'17

1 F

eb

'17

26

Jan

'17

18

Jan

'17

10

Jan

'17

29

Dec

'16

23

Dec

'16

19

Dec

' 16

9 D

ec

'16

02

-De

c-1

6

28

No

v'1

6

21

No

v'1

6

18

No

v'1

6

11

No

v'1

6

5 N

ov'

16

31

Oct

'16

24

Oct

'16

17

Oct

'16

11

Oct

'16

4 O

ct'1

6

Iron Ore CNF China

Pellets (65%) CFR China

Source: Platts

International Coal : Price Trend

From April ‘16 till date: - Prime Hard Coking Coal: Up by $69/MT (FOB

Australia)

- Semi Hard Coking Coal : Up by $67/MT (FOB Australia)

- Steam Coal RB1 Coal : Up by $30/MT (FOB S. Africa

93 117

209 232

302

262

186 162

Apr-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 14th Feb'17

Prime Hard Coking Coal ($/MT FOB Australia)

82

111

159

210

269

234

168 149


Semi Hard Coking Coal ($/MT FOB Australia)

52

66 67

83

91

83 86

82


Steam Coal RB1 ($/MT FOB S Africa)

Source: Platts, Argus

INDUSTRY UPDATE POWER SECTOR

Source: CEA

215.2

5.8 43.1

50.0

314.1

Thermal Nuclear Hydro Renewables Total

Installed Capacity (GW) in India

Thermal 68%

Nuclear 2%

Hydro 14%

Renewables

16%

Wind 28.7

Solar 8.1 Bio Mass

7.9 Small

Hydro 4.3

Renewables (GW) Portfolio

Installed Capacity Portfolio

Installed Capacity in India (Dec 2016)

148 161 174 200

224 245

272 298

314.1

Mar'09 Mar'10 Mar'11 Mar'12 Mar'13 Mar'14 Mar'15 Mar'16 Dec'16

Installed Capacity (GW) Growth

830.1

872.9

Apr-Dec'15 Apr-Dec'16

Electricity Generation in BUs

5.2 % Increase

-1.7% -1.7%

-0.6%

-1.4%

-1.8%

-1.6%

-1.4%

-1.2%

-1.0%

-0.8%

-0.6%

-0.4%

-0.2%

0.0%Energy Deficit Peak Deficit

Dec-15 Dec-16

Major Highlights (Dec 2016)

373.45 377.77

Apr-Dec'15 Apr-Dec'16

CIL Production in Million Tonnes

1.1 % Increase Apr-Dec’16

Imported Coal as % of Total Requirement

A. Imported (MT)

B. Domestic (MT)

% Ratio - A/(A+B)

129

378

25 %

Coking Coal-27MT Non-Coking Coal-

102MT

Source: CEA, CIL

OUTLOOK

Q3’FY17





Steel Power Mines & Minerals

Global Ventures

Current Capacities – Domestic & Global

Business Segments

*Domestic **Divestment Announced

Construction Material &

Solution

5.1 MTPA Steel* 3.11 MTPA* IPP – 3400 MW CPP – 1634 MW

Renewable – 24 MW**

2 MTPA Steel Mines

Cement

Road solutions LGS

Capacity in deail

Iron Making

(6.75 MTPA)

BF 2.13 MTPA

DRI 3.12 MTPA

HBI 1.50 MTPA

Liquid Steel

(7.10 MTPA)

SMS 7.10 MTPA

Finished Steel

(6.55 MTPA)

WRM 0.60 MTPA

RUBM 0.75 MTPA

MLSM 0.60 MTPA

Plate Mill 2.20 MTPA

BRM 2.4 MTPA

Steel Capacities across Life Cycle

BRM in Angul 1.4* - Commissioning in FY17 Effective Finished Steel 7.95 MTPA

Capacity in deail

Raigarh

(Chhattisgarh)

SMS 3.6MTPA

BF 2.125 MTPA

DRI 1.32 MTPA

Plate Mill 1.00 MTPA

RUBM 0.75 MTPA

MLSM 0.60 MTPA

CPP 839 MW

Angul

(Odisha)

SMS 1.5 MTPA

DRI 1.8 MTPA

CGP 225,000 Nm3/Hr

Plate Mill 1.2 MTPA

CPP 810 MW

Barbil

(Odisha)

Pellet Plant

9 MTPA

Patratu

(Jharkhand)

WRM 0.60

MTPA

Rebar Mill 1.0 MTPA

Oman

SMS 2.0 MTPA

HBI 1.5 MTPA

BRM 1.4 MTPA

JPL

Tamnar 3400 MW

Mining

Iron Ore 3.11

MTPA

Coal Overseas

6.20 MTPA

Detailed plant wise capacities

Power Hot Metal Liquid Steel Finished Steel

Steel Insights into few products…

• 0.75 MTPA Rail & Universal Beam mill

• Dual Hot Saws • Variable pitch for controlled

residual stress removal

India’s first manufacturer of Parallel Flange Beams

• 1.2 MTPA 5m wide Plate Mill in Angul

• India’s widest Plate Mill • Can roll up to 5m wide Plates • 1.4 KM long shop

Plates – Making Steel Stronger

India’s largest Blast Furnace all set to Commission in March

Sinter Plant – Angul Phase 1B

Coke Oven – Angul Phase 1B

Prefabricated Steel – India’s biggest & most versatile prefab facility

• 2 lakh MT per annum capacity

Power plant

High rise Buildings

Bridges

Stadiums / Airports

Industrial Buildings

Segments Served

PLATES (PLATE MILL)

ROLLED SECTIONS (RUBM/MLSM)

TMT (BAR MILL)

LGS/ MGO (All Tech )

CEMENT PLANT

STRUCTURAL STEEL

WELDMESH/ CUT BEND

DRY WALLS JGRS

CONSTRUCTION SOLUTIONS BUSINESS

HIGH RISE STEEL BUILDINGS

MULTI LEVEL CAR PARKS

ROAD BRIDGES

STADIUMS AIRPORTS ROADS &

PAVEMENTS

RAW MATERIALS

FINISHED PRODUCTS

APPLICATIONS

COIL

SPEEDFLOOR

Construction Solutions Business Offerings

EPS PLANT

EPS

Vijayawada Airport : Inaugurated on 12th Jan 2017

Vijayawada Airport : (Interior)

Ready to Use Steel

• Facilities located at Faridabad, Patratu, Angul and Raigarh

Cost effective

Zero wastage

Minimum storage

Reduced dependency on manpower

Simple and safe

Instant usability

Faster completion of work

Advantages

Cut & Bend

Stirrup

Cut Straight

Weldmesh

Products

Angul

Satara

Tamnar

Raigarh Captive power projects (within JSPL)

Project Capacity

(MW) Fuel Configuration Status

DCPP, Raigarh 540 Coal 4x135 MW Operational

JSPL, Raigarh 284 Coal & waste heat

2x25 MW & 40 MW (Waste heat)

2x55 MW 3x25 MW

24 MW

Operational

Angul, Odisha 810 Coal 6 x135 MW Operational

Independent Power Projects (IPP)

Project Capacity

(MW) Fuel

Configuration

Status

Tamnar 1(a)* 1,000 Coal 4x250 MW Operational

Tamnar 2(a) 2,400 Coal 4x600 MW Operational

Satara (b)* 24 Wind 18x1.5 MW Operational

(a) Within JPL; (b) Within JSPL

IPP CPP

One of the largest thermal portfolios in India

JSPL - Power Capacities

*Divestment announced

96.43% subsidiary of JSPL

JINDAL POWER LIMITED

EUP -I 1000MW (4 X 250)

EUP -II 1200MW (2 X 600)

EUP -III 1200MW (2 X 600)

Project Buyer Type

Period Quantum (MW) From To

Tamnar II

(Phase 1) Tamil Nadu Long Term Feb-14 Sep-28 400

Tamnar II

(Phase 1) KSEB

Long Term Jun-16 May-41 200

Tamnar II

(Phase 1) Long Term Oct-17 Sep-42 150

Tamnar II

(Phase 1)

Chhattisgarh

Long Term After commercial

operation of Unit and for complete life of plant

60

Tamnar II

(Phase 2) Long Term

After commercial operation of Unit and for

complete life of plant 60

PPA Arrangements

Over 30% of total capacity tied up *

* Out of 3400 MW (IPP)

Buyer Type Quantum (MW)

UP Long Term 2800

Jharkhand Long Term 100

Bangladesh - BPDB Long Term 500

Railway - WR Medium Term 210

Railway - ER Medium Term 100

Railway Long Term 180

New PPA Opportunities

Tamnar-I, 1,000 MW (EUP I)

Awaiting clarity on Tara Coal Block

In the interim, coal sourced through – market purchase and e-auction

Bilateral/short term/ merchant

258km transmission line from plant to national grid

Tamnar-II - 1,200 MW (EUP II)

Long term linkage from Mahanadi Coal Limited (MCL) and South Eastern Coalfields Limited (SECL)

TNEB – 400MW

CSEB – 60MW

KSEB – 200MW

KSEB – 150MW

Full Open access for 400MW TNEB PPA commenced from Oct 2015

Tamnar-II - 1,200 MW (EUP III)

Awaiting clarity on Gare Palma IV/2 & 3 Coal mine

Market purchase and e-auction

CSEB – 60MW

Open access to be finalised against PPAs

FSA

PPA

Evacuation

Raw materials, transmission & PPAs in place for achieving higher PLF

Key Contractual Arrangements for JPL

Developing a 3 MTPA

coal mine in

Mozambique’s coal-rich

Moatize region

Coal resources

estimated at 1.2 bn

tonnes including coking

coal

Mozambique, Africa

JSPL’s Kiepersol Colliery produces Anthracite

coal, sold domestically and internationally Plans

to ramp up capacity

South Africa, Africa Acquired 82.04% controlling

stake in Wollongong Coal

Australia

1.5 MT HBI , 2 MT SMS Plant &

1.4MTPA Rebar Mill – an

Integrated Steel Plant

Shadeed, Oman

Summary of International Operations

Oman

Holding structure for global operations

Jindal Steel & Power Ltd

Listed Operating Entity in India

Australia

Coking Coal

South Africa

Anthracite Coal

Mozambique

Thermal/ Coking Coal

Jindal Steel & Power (Mauritius) Ltd

Holding company for overseas business

2 MTPA Steel plant

OUTLOOK

Q3 FY’17





Performance highlights

JSPL’s Consolidated Steel Sales for Q3FY17 were 1.16MnT up 18% YoY (0.99MnT in Q3FY16)

JSPL’s Consolidated Steel Production for Q3FY17 was 1.15MnT up 7% YoY (1.07MnT in Q3FY16)

India’s largest Blast Furnace, all set to commission at JSPL Angul by March 2017

Obtained Mining Lease for Chilhati limestone mine, having a cumulative reserve of 21 MnT of lime stone

Barbil records 298% growth in Market sale of pellets (0.71 million tonnes in Q3 FY17 vs 0.18 million tonnes in Q3FY16)

JPL increased its EBITDA by 66% Q-o-Q and Y-o-Y in Q3FY17

Australia and Mozambique mines ramping up steadily

0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17

0.78 0.97

0.84 0.88 0.84

0.29

0.35 0.35 0.28 0.31

Jindal Shadeed JSPL

1.07

1.32 1.19 1.16 1.15

Consolidated Steel Production

(Figures in Million Tonnes)

0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q3FY17

0.74 1

0.78 0.81 0.84

0.25

0.4

0.33 0.27 0.32

Jindal Shadeed JSPL

Consolidated Steel Sales Volumes

0.99

1.4

1.11 1.08 1.16

(Figures in Million Tonnes)

Key Customers & Adding…

OUTLOOK

Q3 FY’17





Analyst Presentation

48 - -

Standalone Q3 FY 17 –Snapshot of Key Financials

Consolidated Q3 FY 17 –Snapshot of Key Financials

(Figures in Rs. Crores)


49 - -

JPL – Snapshot of Key Financials


Future focus

Completion of Angul Phase 1B

Sweat the Assets – Achieve 100% Capacity utilization

Improvement of NSR and EBITDA.

Reduce Debt

Secure PPA for entire JPL Capacity

Focus on “Value Added Products”

Foray in Building & Rail infra segment; Defence segment

For any information please contact: - Mr. Nishant Baranwal – Head, Investor Relations Tel : +91 11-41462198 Mobile:+91 8800690255 Email: - [email protected]

THANK YOU

Documents

Q3 FY’17 - Jindal Steel and Power Trend: Ferro Alloy Silico Mn ( Ex Durgapur) 8,649 8,649 10,152 12,75010,152 27,737 27,737 5,500 6,500 6,500 14,750 15,750 15,750 W1 April '16 July