analyst - jindal steel and power · • all mining leases to be granted through competitive bidding...

FY’15

Analyst

Presentation 27th May , 2015

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. The numbers in this presentation are purely indicative and could change later.

2 27 May,2015 Analyst Presentation

HIGHLIGHTS

INDIAN

ECONOMY AT A

GLANCE

FY’15

INDUSTRY

DEVELOPMENTS

OUR

FACILITIES

FINANCIAL

PERFORMANCE

PRESENTATION OUTLINE

3

OPERATIONAL

PERFORMANCE

27 May,2015 Analyst Presentation

JSPL successfully withers unprecedented challenges in FY15

De-allocation of Captive coal blocks;

Payment of Rs. 3089 Cr as additional levy

Shortage of iron ore in the domestic market

consequent exorbitant prices

Recession in both international and domestic steel markets.

Invasion of domestic steel market by Chinese and Russian mfgrs

Major drop in steel demand from the Middle East / South East Asian markets (due to oil price crash)

Power exchange prices not firming up in Q3 and Q4

Evacuation of Power from W3 region


4QFY15

• Sponge Iron Production grew by 48%

• Steel Production grew by 46%

• Steel Products Sales grew by 23%

• Captive Power Generation up 33%

• Captive Power Sales increases by 137%

• JPL (IPP) Gross Generation up 43%

• JPL (IPP) Turnover increases by 43%

• JPL (IPP) EBITDA grew by 20%

27 May,2015

5 Analyst Presentation

FY15

• Sponge Iron Production grew by 26%

• Steel Production grew by 25%

• Steel Product Sales grew by 15%

• Captive Power Generation up 30%

• Captive Power Sales increases by 48%

• JPL (IPP) Gross Generation up 28%

• JPL (IPP) Turnover increases by 31%

• JPL (IPP) EBITDA grew by 9%

Consolidated Results – Performance Highlights

RAIGARH

• Up-gradation program of Blast Furnaces & EAFs

• RUBM achieves highest yearly rail production

Performance Highlights – Steel Segment

6 27 May,2015

ANGUL

• Billet Caster of 2.40 MTPA (1x 8 strand) commissioned. • CGP & DRI plant achieves 90%

rated capacity utilization

PANTHER

• Channel Sales doubles

• Cut & bend plant achieves all

time high production level

OMAN

• Highest Plant & Operational

availability in FY15 - best for

a Midrex plant of this size

Analyst Presentation

• JPL capacity increases from 1000 MW to 3400 MW*

• Central Electricity Authority (CEA) confers JPL with Top awards for “Early

Completion of Thermal Power Projects” for FY 13-14 under a scheme by MoP.

• Gold Shield awarded to Unit -2 of 600 MW.

• Silver Shield awarded to Unit-1 of 600 MW .

Performance Highlights – Power Segment

7 27 May,2015

* 2800 commissioned


INDIAN

ECONOMY AT A

GLANCE

FY’15

INDUSTRY

DEVELOPMENTS

OUR

FACILITIES

FINANCIAL

PERFORMANCE


OPERATIONAL

PERFORMANCE

HIGHLIGHTS

8 27 May,2015


11.9

6.7

15.7

11.7 12.9

3.9

13.7

10.0

4.8

2.7

5.9

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

Apr'14 May'14 Jun'14 July'14 Aug'14 Sep'14 Oct'14 Nov'14 Dec'14 Jan'15 Feb'15

Ele

ctri

city

Gro

wth

(y-

o-y

, %

)

1.7 2.5

4.8

0.1

1.2

0.1

4.5 3.9

-2.1 -2.8

2.5

-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

Apr'14 May'14 Jun'14 July'14 Aug'14 Sep'14 Oct'14 Nov'14 Dec'14 Jan'15 Feb'15Min

ing

Gro

wth

(y-

o-y

, %

)

3.0

5.9

2.9

-0.3 -1.1

2.7

-5.6

3.1 3.8 3.3

5.2

-8.0

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

Apr'14 May'14 Jun'14 July'14 Aug'14 Sep'14 Oct'14 Nov'14 Dec'14 Jan'15 Feb'15

Man

ufa

ctu

rin

g G

row

th (

y-o

-y,

%)

Revival has begun

Overall IIP Trend

Manufacturing

Mining

Electricity

3.8

5.6

4.4

0.9 0.5

2.6

-2.7

3.9 3.2

2.6

5.0

2.8

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

IIP

(%

)

9 27 May,2015

*Source- Ministry of Finance


60.3

59.5

59.7 60.1

60.9

60.8

61.3

61.7

62.8

62.1 62.1 62.4

62.8

63.8

55.0

57.0

59.0

61.0

63.0

65.0

67.0

Apr'14 May'14 Jun'14 July'14 Aug'14 Sep'14 Oct'14 Nov'14 Dec'14 Jan'15 Feb'15 Mar'15 Apr'15 May'15

INR

/ U

SD

INR / USD

Indian Exchange Rate (INR/USD)

Rupee above 63 Rs/ USD helps exports Would thwart imports

10 27 May,2015

*Source- Reserve Bank of India


Major policy Initiatives by Govt of India

11

Policy Major Highlights

Coal Mines (Special

Provision) Act 2015

• All Coal mines to be granted through Competitive bidding/Auction based on specific end use

Mines & Minerals Development & Regulation Act

2015

• All mining leases to be granted through competitive Bidding process

• Extension of lease period for captive mines till 2030 and for non captive mines till 2020.

• Existing Miners to pay additional 100% royalty to DMF , Fresh leases to pay an amount not exceeding 33% of royalty to DMF.


Major policy Initiatives of Govt of India

12

Policy Major Highlights

Union Budget 2015 – Steel

Sector

Increase in import tariff rate on steel & Iron goods from 10% to 15% Clean Energy cess on Coal doubled to Rs. 200 per MT for FY 15-16 Special additional duty on iron & steel scrap reduced from 4% to 2%

Union Budget 2015 –

Power Sector

Target of 175 GW by 2022 for renewables led by 100 GW in Solar Setting up 5 UMPPs with Pre-awarded Fuel & Land/Clearances Allocation to T&D increased by 26% to Rs. 63,500 Cr

Union Budget 2015 –

Infrastructure

• Total outlay for Infrastructure increased by 1.5X to Rs. 2,80,000 Cr • Completing 100,000 Km of roads on Top priority & building 100,000

km of additional roads. • Housing for all by 2022 – Construction of 6 cr affordable houses


INDIAN

ECONOMY AT A

GLANCE

FY’15

INDUSTRY

DEVELOPMENTS

OUR

FACILITIES

FINANCIAL

PERFORMANCE


OPERATIONAL

PERFORMANCE

HIGHLIGHTS


INDUSTRY UPDATE

STEEL SECTOR


Price trend – Raw Materials (International)

Source: Platts

70

80

90

100

110

120

May

'14

Wk

01

May

'14

Wk

04

Jun

'14

Wk

03

July

'14

Wk

02

Au

g'1

4 W

k 0

1

Au

g'1

4 W

k 0

4

Sep

'14

Wk

03

Oct

'14

Wk

02

No

v'1

4 W

k 1

No

v'1

4 W

k 4

De

c'1

4 W

k 3

Jan

'15

Wk

2

Feb

'15

Wk

1

Feb

'15

Wk

4

Mar

'15

Wk

3

Ap

r'1

5 W

k 2

May

'15

Wk

1

FOB

Pri

ce (

in U

SD/t

)

Australian Coking Coal Trend

26.0

28.0

30.0

32.0

34.0

36.0

38.0

40.0

May

'14

Wk

01

May

'14

Wk

04

Jun

'14

Wk

03

July

'14

Wk

02

Au

g'1

4 W

k 0

1

Au

g'1

4 W

k 0

4

Sep

'14

Wk

03

Oct

'14

Wk

02

No

v'1

4 W

k 1

No

v'1

4 W

k 4

De

c'1

4 W

k 3

Jan

'15

Wk

2

Feb

'15

Wk

1

Feb

'15

Wk

4

Mar

'15

Wk

3

Ap

r'1

5 W

k 2

May

'15

Wk

1

FOB

Pri

ce in

USD

/to

nn

e

Indonesian Thermal Coal Trend

15 27 May,2015

Declining coking coal & thermal coal should help in reduction of raw material costs


Steel capacity utilization decreasing globally

73.4% 2%


India: Steel Imports grow significantly (‘000MT)

5450

9320

Apr-March'14 Apr-March '15 (Prov.)

Imports of Total Finished Steel

3957

342

5831

923

Flat Carbon Non-Flat Carbon

Share of Flat/Non Flat Carbon Steel Imports

Apr-Dec '14

Apr-Dec '15 (Prov.)47%

170%

43

331

Apr-March '14 Apr-March'15 (Prov.)

Imports of Carbon Steel SEMIS ( Billets, Slab etc)

667%

Imports of total finished steel jumped

by 71% (y-o-y)

17 27 May,2015

*Source- Business Intelligence JSPL/JPL


Indian Steel Industry - China & Korean Imports surges to record highs

Leading Import Markets China & S. Korea remains the

largest exporters of carbon steel exporter to India (24% of total imports each)

The top 5 markets accounted for 73% of total finished steel import in April-March 2015.

Material Wise Imports: Asian neighbors emerged as key

sources of import for India. Bars & Rods : China (64%) remains

the biggest source of Imports, followed by Ukraine (7%)

Plate: China was biggest suppliers,

followed by Korea (19%), France (13%) and Japan (12%) share in imports

Rank Country

Carbon Steel Import (‘000t)

Growth (%)

% Share:

April- March ‘15 (y-o-y)

1 S. Korea 1755 49 24

2 China 1754 171 24

3 Japan 1416 15 19

4 Ukraine 315 50 4

5 Russia 202 56 3

Top 5 Total: 5440 73

Item Country

Import (‘000 t) % Share

April-March’ 15

Bars & Rods China 543 64

Plates China 238 33

HRC Japan 693 35

CRC Korea 649 38

GP/GC Korea 185 42

18 27 May,2015

*Source- Business Intelligence JSPL/JPL.


20.6

28.6

15.6 15.6

12.7 12.2

10.0

12.0

14.0

16.0

18.0

20.0

22.0

24.0

26.0

28.0

30.0

May 4, 2015 - May 10,2015

Feb 9, 2015 - Feb 15, 2015Nov 17, 2014 - Nov 23,2014

Aug 25, 2014 - Aug 31,2014

USD/Hryvnia(UAH)

51.0

67.7

54.8

63.7

41.3

36.0 35.0

40.0

45.0

50.0

55.0

60.0

65.0

70.0

May 4, 2015 - May 10,2015

Feb 9, 2015 - Feb 15, 2015Nov 17, 2014 - Nov 23,2014

Aug 25, 2014 - Aug 31,2014

USD/Russian Rouble(RUB)

CIS currency Depreciation affecting Indian exports

• Rouble depreciated more then 47% during Aug-Feb’15 • But recovered ~37% from beginning of Feb ’15

• UAH depreciated more then 57% during Aug-March’15 • But recovered ~40% from beginning of March’15

19 27 May,2015

*Source- oanda.com


HRC : down by ~10% (FY 15))

Plate: down by 13% (FY 15)

Wire Rod: down by 5% (FY 15)

Rebar: down by12% (FY 15)

Pencil Ingot: down by 11% (FY15)

Indian Steel Prices : Declines - Flats steeper than Longs

38602

32500

39694

32700

32000

33000

34000

35000

36000

37000

38000

39000

40000

41000

Apr-14 Jan-15 Feb-15 Mar-15 Apr-15 Latest

Domestic : Flat Steel Price Trend HR Coil- Delhi

HR Plate- Delhi

34880

29700

25636

21350 21050

17100 16500

18500

20500

22500

24500

26500

28500

30500

32500

34500

36500


Domestic Semis & Intermediaries: Price Trend Pencil Ingot- Mandi

Scrap (HMS 80:20)- Mandi

Sponge Iron- Raipur

36555

35100

40627

34000

33000

34000

35000

36000

37000

38000

39000

40000

41000

42000


Domestic : Long Steel Price Trend

Wire Rod-Kolkata

TMT Rebar-Kolkata

20 27 May,2015

*Source- Steel Guru/ Steel Min.


INDUSTRY UPDATE

POWER SECTOR

Analyst Presentation 21 27 May,2015

Generation capacity - Additions in FY15 and Installed Capacity (Mar,15)

Source: CEA

188.9

5.8

41.3 35.8

271.7

Thermal Nuclear Hydro Renewables Total

Installed Capacity (GW) in India – Mar 15

Thermal 70%

Nuclear 2%

Hydro 15%

Renewables 13%

Wind, 23.4

Solar, 3.7

Bio Mass, 4.5

Small Hydro, 4.1

Renewables (GW) Portfolio – Mar 2015

Installed Capacity Portfolio

21769.0 26655.5

FY 13-14 FY 14-15

Generation Capacity Addition in MWs

22 % Y-o-Y Increase


Increase in Coal Production, Electricity Generation and Transmission lines

967.15

1048.4

FY 13-14 FY 14-15

Electricity Generation in BUs

16748 22101

FY 13-14 FY 14-15

Transmission Lines Added (C-Kms)

8.4 % Y-o-Y Increase

32 % Y-o-Y Increase

-4.2% -4.5% -3.6%

-4.7%

-5.0%-4.5%-4.0%-3.5%-3.0%-2.5%-2.0%-1.5%-1.0%-0.5%0.0%

Power Deficit Peak Deficit

2013-14 2014-15

462.4 492.4

39.5

52.9

2013-14 2014-15

Domestic Coal Production (MT)

Captive

CIL

CIL up 6.5% ; Captive up 34%


Rates in IEX on a declining path – All India vs W3 region

3.61 3.28

3.89 3.76

4.49

4.18 4.17

3.01 3.21

2.82 2.85 2.82

2.47

2.73

3.26 3.00

3.94 3.78

3.33

2.39 2.56

2.37

2.09 1.98

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15

Pri

ce in

Rs/

KWh

r

Average RTC price on IEX for W3 region

MCP price W3 price Tamnar Ex-Bus

Continuous Transmission Congestion in WR-SR & WR-NR resulted in Lower Exchange rates


INDIAN

ECONOMY AT A

GLANCE

FY’15

INDUSTRY

DEVELOPMENTS

OUR

FACILITIES

FINANCIAL

PERFORMANCE

25


OPERATIONAL

PERFORMANCE

HIGHLIGHTS


Steel & Cement

Power Mines & Minerals

Global Ventures

Current Capacities – Domestic & Global

Business Segments

5.75 MTPA Steel* 3.11 MTPA*

IPP – 3400** MW CPP – 1660 MW

Renewable – 24 MW

2 MTPA Steel 6.20 MTPA Mining

• Domestic **Includes 600 MW - synchronized & will be commissioned in FY16

Construction Material &

Solution

Cement

Road solutions LGS

27 May,2015 Analyst Presentation 26

Capacity in deail

Raigarh

SMS 3.25MTPA

BF 1.67 MTPAA DRI 1.32

MTPA

Plate Mill 1.00 MTPS RUBM 0.75

MTPA MLSM 0.70

MTPA CPP 851

MW

Angul

SMS 2.5 MTPA*

DRI 1.8 MTPA

CGP 225,000 Nm3/Hr

Plate Mill 1.2 MTPA

CPP 810 MW

Barbil

Pellet Plant

9 MTPA

Patratu

WRM 0.60

MTPA

Rebar Mill 1.0 MTPA

Oman

SMS 2.0 MTPA

HBI 1.5 MTPA

JPL

Tamnar 2800 MW

Tamnar 600** MW

Mining

Iron Ore 3.11

MTPA

Coal Overseas

6.20 MTPA

Capacity at a Glance – Plant wise

* Rated Capacity ** To be commissioned

Power Hot Metal Liquid Steel Finished Steel


27

Continued Impetus on Construction Material and Solution business

Speed Floor LGS Cement

Road Stabilizer Bricks & Pavers EPS Panels LWA

Welded Mesh Cut & Bend

28 27 May 2015

29

JSPL - Raigarh

3.45 MTPA Liquid Steel 2.45MTPA Finished Steel 851 MW Capacity Steel Power


30

JSPL – Raigarh – Capacities & Raw Material Requirement

*Raw Material Requirement


31

JSPL - Angul

2.5 MTPA Steel 810 MW Capacity Power


32

JSPL - Angul


Special Grade Plates – Angul

Developed steel grades for various critical applications like boilers, ship building,

petroleum pipes, high strength grades for automotive and earth movers, structural steel

for oil exploration platforms, grades for making warships , ballistic launch applications

and bullet proof vehicles, stainless steel low thickness plates for nuclear application


34

JSPL - Patratu

1.6 MTPA Finished Steel Capacity


35

JSPL - Barbil

9 MTPA Pellet Capacity


36

JSPL - Barbil


Power Capacity


311 MW

96.43% subsidiary of JSPL

JINDAL POWER LIMITED

38

EUP -I 1000MW (4 X 250)

EUP -II 1200MW (2 X 600)

EUP -III 1200MW (2 X 600*)

27 May,2015

*600 MW Synchronized, Await Commissioning Analyst Presentation

Particulars Net Sales

(Cr.) PAT (Cr.)

Generation (MU)

PLF

Year 2014-15 3228 (171) 10636 93% (EUP 1)

Year 2013-14 2457 1107 8282 92%

Year 2012-13 2510 1113 7973 91%

Year 2011-12 3,040 1765 8589 98%

JPL Financials


JPL Financials – 4QFY 15 & FY14-15


Particulars FY FY Growth

(%)

Quarter 3 Growth (%) 2014-15 2013-14 2014-15 2013-14

Turnover 3,228 2,457 31% 774 539 43%

EBITDA 1,653 1,511 9% 335 280 20%

EBITDA% 51% 62% - 43% 52% -

PBT (Before Exceptional) 1106 1407 -21% 213 275 -23%

PBT 2 1407 178 275

PAT (171) 1107 97 218

Depreciation + Amortization

521 274 90% 131 74 77%

Cash Profit 543 1411 313 299

Generation (million units)

10636 8282 28% 2692 1882 43%

PLF (%) - 4X250 MW 93% 94% - 82% 85% -

PLF (%) - 3X600 MW 21% NA NA 24% NA NA

Evacuation of Power

These Transmission Lines would help in evacuation of Power for JPL

Region

Present Inter-Regional Transfer Capacity

Anticipated transmission capacity addition

Available Transfer Capacity

LTA/MTOA Transmission line name Additional Capacity

Time frame

Chhattisgarh Area

(W#3) 9700 MW 6862 MW 765 kV D/C Raipur -Wardha Line-I 2500MW Commissioned

765 kV D/C Raipur -Wardha Line-II 2500 MW Jun'15

WR to NR 4900 MW 5157 MW 765 kV Gwalior -Jaipur Line - I

2500 MW Aug’15

765 kV Gwalior -Jaipur Line - II

Champa-Kurukshetra HVDC Line 3000 MW June’16

WR to SR 1550MW 1350 MW 765kV D/C Kolhapur-Narendra line 1940 MW Oct'15

27 May,2015 40 Analyst Presentation

JSPL - Oman


INDIAN

ECONOMY AT A

GLANCE

FY’15

INDUSTRY

DEVELOPMENTS

OUR

FACILITIES

FINANCIAL

PERFORMANCE

43


OPERATIONAL

PERFORMANCE

HIGHLIGHTS


Fabricated Structures Hot Rolled Plates

and Coils Parallel Flange Beams

Wire Rods Power

Angles and Channels

TMT Rebars Rails

JSPL Product Range


International Presence

45

Kenya Office (1 Person)

Europe

Indonesia Office (1 Person)

Oceania:

NA Office (2 Persons)

Canada

Brazil

S Africa office (1 Person)

Mexico

Sri Lanka

Bangladesh

U A E Office (2 Persons)

Saudi Office (2 Persons)

Mozambique Office (1 Person)

Nepal


COUNTRY / PRODUCT WISE SALES 2014 -15

46 27 May,2015

USA/CANADA, 24%

MEXICO, 4%

AFRICA, 5%

NEPAL/ BANGLADESH/ SRILANKA,

24%

EU, 0%

MIDDLE EAST, 42%

S.E ASIA, 1%

SEMIS

STRUCTURAL

PREFAB

RAIL

PLATE

WRT/TMT


47

• Fixed Price • Fixed Length •Fixed Weight

Foray into retail space…

43 DISTRIBUTORS

31 JSPL sales team 1747 Dealers

28 out of 29 states

264 Distributor ASOs

5 out of 7 Union territories

450 districts out of 671


Key Customers


49

Logistics in JSPL

Capable of handling 35 MTPA of cargo.

Good Rail & Road connectivity to all our plants.

IR’s approval for purchase of special rakes for transportation of 260m.

Long rails under SFTO policy- for DFC project.

Getting dedicated BOY rake for iron ore fine transport for Nayagarh to Barbil.


INDIAN

ECONOMY AT A

GLANCE

FY’15

INDUSTRY

DEVELOPMENTS

OUR

FACILITIES

FINANCIAL

PERFORMANCE

50


OPERATIONAL

PERFORMANCE

HIGHLIGHTS


51

Consolidated Financials at a Glance

FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15

INCOME STATEMENT

Revenue 5,539 10,913 11,152 13,194 18,351 19,807 19,286 19,401

EBITDA 2,253 5,908 5,232 6,398 6,935 6,669 5,776 5,483

PAT 1,251 3,007 3,635 3,804 4,002 2,912 1,894 -1,278

Cash Profit 1,810 4,194 4,760 5,115 5,575 4,593 3,876 2,064

BALANCE SHEET

Gross Block 10,680 14,928 21,109 29,317 35,802 45,912 63,056 70,301

Net Worth 3,824 7,021 10,387 14,088 17,931 21,150 21,191 19,306

Borrowings 6,996 8,113 8,605 13,987 17,058 24,618 36,368 45,501

Net Debt 6,225 7,091 8,436 12,854 15,616 24,430 35,419 42,929

SIGNIFICANT RATIOS

EBITDA Margin (%) 41 54 47 48 38 34 30 28

Net Profit to Sales (%) 23% 28% 33% 29% 22% 15% 10% -7%

Return on Net Worth (%) 34% 43% 35% 27% 22% 14% 9% -13%

Long Term Debt Equity

Ratio1.74 1.03 0.59 0.7 0.61 0.77 1.29 2.17

EPS (INR/Share) (a) (b) 13.54 32.44 39.05 40.75 42.42 31.13 20.53 -14.00

(Exceptional Item in FY15 = Rs. 1,912 Cr)


Financial Results – Consolidated FY15


Particulars (Rupees in Crores) For 12M ending

31.03.2015 31.03.2014

Turnover-Total 19,401 19,286

EBITDA 5,483 5,776

EBITDA % 28% 30%

Depreciation 2,733 1,829

Finance costs 2,607 1,501

Profit before tax & exceptional item 369 2,512

Exceptional item 1,912 -

Profit before Tax (1,543) 2,512

Profit after Tax (1,278) 1,910

Cash Profit after exceptional item 2,064 3,876

CAPEX 5,705 11,520

Financial Results– Standalone FY15


Particulars (Rupees in Crores) For 12M ending

31.03.2015 31.03.2014

Turnover-Total 13,390 13,826

EBITDA 3,943 4,012

EBITDA % 29% 29%

Depreciation 1,786 1,221

Finance costs 2,072 1,337

Profit before tax & exceptional item 168 1,601

Exceptional item 808 -

Profit before Tax (639) 1,601

Profit after Tax (PAT) (311) 1,292

Cash Profit after exceptional item 1,844 2,644

CAPEX 3,249 5,514

Financial Results – Consolidated Q4 FY15


Particulars (Rupees in Crores) For the Quarter ending

31.03.2015 31.12.2014 31.03.2014

Turnover-Total 4,526 5,045 4,898

EBITDA 789 1,425 1,314

EBITDA % 17% 28% 27%

Depreciation 701 715 514

Finance costs 771 702 423

Profit before tax & exceptional item (621) 42 396

Exceptional item 56 1,855 -

Profit before Tax (678) (1,813) 396

Profit after Tax (581) (1,675) 378

Cash Profit after exceptional item 517 (909) 947

CAPEX 1,865 820 2,832

Net Debt 42,929 41,934 35,353

Financial Results– Standalone 4Q FY15


Particulars (Rupees in Crores) For the Quarter ending

31.03.2015 31.12.2014 31.03.2014

Turnover-Total 3,329 3,541 3,482

EBITDA 622 1,026 972

EBITDA % 19% 29% 28%

Depreciation 467 459 316

Finance costs 642 555 405

Profit before tax & exceptional item -459 20 385

Exceptional item 21 787 -

Profit before Tax (PBT) (479) (767) 385

Profit after Tax (PAT) (235) (670) 431

Cash Profit after exceptional item 419 (305) 777

CAPEX 806 547 1,101

Net Debt 27,024 26,341 23,607

OMAN

56

OVERSEAS OPERATIONS – 4Q & FY15

Particular 4QFY15 FY15

Production HBI (MT) 368,690 14,19,671

Production Steel* (MT)

189,757 534,211

Sales HBI (MT) 122,513 783,324

Sales Steel (MT) 166,136 490,071

Sales (Million USD) 111 512

EBITDA (million USD) 32 119

PAT (Million USD) 6 52


Production ROM (MT)

169,026 501,051

Production Prime Products/Middling

121,131 378,534

Sales Prime Products/ Middling (MT)

107,835 461,481

Sales (Million USD) 7.22 36.33

EBITDA (Million USD)

(2.12) (0.54)

SOUTH AFRICA


*Billets & Rounds

57

OVERSEAS OPERATIONS – 4Q & FY15


Production (ROM MT) 288,157 1,312,400

Sales Coking Coal (MT) 93,563 306,280

Sales (Million USD) 9.00 37.45

EBITDA (Million USD): (5.20) (13.47)

MOZAMBIQUE


Production (MT) 39,172 175,585

Sales (MT) Nil 171,202

Sales (Million USD) -- 18.87

EBITDA (Million USD): -- (17.96)

WOLLONGONG COAL Ltd


*Billets & Rounds

Way Forward


Organizational Priorities

Capital Efficiency

Major drive on “Customer Focus” & Key Account Management

Exit from “Non Core” & “Non Performing” businesses

Maximize Asset Utilization & drive Operational Excellence


Key Focus Areas in FY16

Reduce dependence on thermal coal by going through BoF route.

Operational Efficiency with an aim to Reduce overall costs in Steel

production.

Commissioning of Head Hardening Rail project in Raigarh

Optimize capacity utilization of Angul and Patratu plants

Increase steel product sales in contiguous states.

Steel Business


61


Secure permission for movement of Fe fines stockpile to JSPL Barbil

Participate in the Auctions of coal blocks (phase 3) and Iron ore mines.

Ensuring coal & Iron ore availability through participation in E-auction

Mines & Minerals

27 May,2015

Ensuring adequate coal procurement for JPL.

Signing of Bilateral ,short and long Term PPA’s.

Power Business


Increase Production in WCL Mine, Australia .

Cash Break Even in Mozambique, WCL Mine.

Global Business

Increasing Turnover exponentially by Sweating of enhanced capacitates.

Generate higher EBITDA as a number to bring down Net Debt.

Look at avenues to generate Cash flow through non operational route.

Financial / General



63 27 May,2015

Share Holding Pattern - JSPL from FY’12 to FY15

31-Mar-11 31-Mar-12 31-Mar-13 31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14 31-Mar-15

Promoters 58.41% 58.91% 59.13% 60.41% 60.41% 60.48% 61.10% 61.29%

Institutional Investors 29.54% 28.96% 27.45% 26.45% 27.15% 25.91% 23.59% 22.66%

Public and other share holding 12.05% 12.13% 13.42% 13.14% 12.44% 13.61% 15.32% 16.05%

Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Number of share holders 1,23,842 1,26,678 1,32,311 1,35,593 1,35,237 1,55,060 1,67,846 1,66,370

1,23,842 1,26,678 1,32,311 1,35,593 1,35,237 1,55,060

1,67,846 1,66,370

-

50,000

1,00,000

1,50,000

2,00,000

31-Mar-11 31-Mar-12 31-Mar-13 31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14 31-Mar-15

Number of share holders

Number of share holders


For any information please contact: - Mr. D.Balasubramanyam – Head of Investor Relations Tel: +91 11-26739166 Mobile: +91 8130755166 Email: - [email protected] Mr. Nishant Baranwal – Investor Relations Tel : +91 11-26739178 Mobile:+91 8800690255 Email: - [email protected]

27 May,2015 64 Analyst Presentation

mailto:[email protected]

THANK YOU


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