Corporate Presentation, Feburary 2013`

JINDAL STEEL & POWER LIMITED

Safe Harbour Statement

This presentation may include statements, which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The company cannot guarantee that these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. The company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. While every effort is made to ensure that this presentation conforms with all applicable legal requirements, the company does not warrant that it is complete, comprehensive or accurate, or commit to its being updated. No part of the information provided herein is to be construed as a solicitation to make any financial investment and is provided for information only.

Any person/ party intending to provide finance / invest in the shares/businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision. In no event shall the company be liable for any damages whatsoever, whether direct, incidental, indirect, consequential or special damages of any kind or including, without limitation, those resulting from loss of profit, loss of contracts, goodwill, data, information, income, expected savings or business relationships arising out of or in connection with the use of this presentation.

Finished Steel Production & Consumption Trend - INDIA

India is the fourth-largest producer of steel with its finished steel production growing at a 6.9% CAGR over FY07-12. However, even with increased production, India has been a net importer of steel since FY08 on the back of even faster consumption growth of 8.7% CAGR over FY07-12. With increased consumption, per capita steel consumption in India is very low compared with the world average and other countries. Indias per capita steel consumption is 57kg vs. a world average of 214.7kg. Now, with US$1tr proposed investment in infrastructure and an expected increase in its per capita steel consumption, the planning commission estimates that steel consumption will increase to 94Mt by FY15.

Steel production had grown at a 6.9% CAGR 72.2 over the period
68.3 62.8 57.8 53.5

76.7

Consumption had grown at a faster 8.7% CAGR

65 59.5 51.6 51.5 48

71

FY07

FY08

FY09

FY10

FY11

FY12

FY07

FY08

FY09

FY10

FY11

FY12

Finished Steel Production (MT)

SOURCES: CIMB, JPC

Steel Consumption (MT)

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Long steel: Indian perspective

Demand for long products is expected to grow at 8% up to 2020

Wire rods

Steel demand break-down by product segment (long) 2010-2020, Million Tons

11.6%

9.0

3.0

Rebars
6.3%

22.0

Billets
7.7%

Bars 55.0
6.8%

12.0 33.0 Other bars

7.6%

26.0

17.0

10.0

Seamless pipe

5.0

Long
8%

9.8%

3.0

67.0

1.2

31.0

Total Steel
7.6%

Railway Track
5.5%

131.0 Blooms
9.1%

2.0

63.0 Flats
7%

0.9 12.0 Sections

7.8%

5.0 63.0

9.0

32.0

4.0

SOURCE: McKinsey BMI; JF King; press search; team analysis

Power Segment

All India Capacity

Operational as on Aug-12 (182 GW) Under Construction (132 GW)

Vanilla ROE (160 GW)

PPA (13.3 GW)

Merchant (8.6 GW)

PPA With SEBs & State GOV.

MOU with State GOV (7 GW)

Yet to sign

Firm PPAs
(41 GW)

(84 GW)

Only 11 GW is having captive mine out of 182 GW,

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Jindal Steel & Power Limited Face of Youthful Dynamism

Jindal Steel & Power Limited

Business Segments
Steel
Power Mining

Jindal Steel & Power Limited

JSPL at a Glance

Jindal Steel & Power Limited (JSPL) is a major player in steel, power and mining. Operational capacity of 3 MTPA steel at Raigarh (Chhattisgarh) and generates 2167 MW power (including captive) Captive coal mines -Dongamahua and Tamnar (Chhattisgarh); iron ore mine - Tensa, Odisha and iron ore pelletisation plant at Barbil, Odisha

Also present in Asia, Africa, Australia and Europe

Jindal Steel & Power Limited

Corporate Snapshot

Jindal Steel & Power / Jindal Power / Jindal Shadeed

Steel

3 MTPA

Iron Ore & Coal Mining 15 MTPA

Power Generation

Hot Briquetted Iron 1.5 MTPA

Pellet Plant 4.5 MTPA

2,167 MW

2011 12 Revenue : USD 3.55 Bn Cash Profit : USD 1.09 Bn

Jindal Steel & Power Limited

JSPL integration
Pelletization plant Pellets Sale Sale Coal Washery
Char/Flu Gases

Iron Ore from Mines

Coal from Mines

Washery Rejects
Wire Rod & Rebar

Sale ROTARY KILNS

FINES

POWER PLANT(a) Sale

Sale

CSEB/OTHERS

Coking Coal

COKE OVEN

Sponge Iron

COKE
SINTER PLANT

BF

EAF
RAIL & UNIVERSAL BEAM MILL

PLATE MILL
PLATES & COILS

Pig Iron

Sinter

Rounds/ Blooms/ Slabs/ Billets Sale

Sale Rails Structurals

Sale

Sale
(a) Captive Power Plant supplies power to all facilities

JSPL: Existing Steel Plants

3 MTPA integrated steel plant at Raigarh, Chhattisgarh 1.4 MTPA sponge iron plant at Raigarh, Chhattisgarh 1.7 MTPA hot metal at Raigarh, Chhattisgarh 4.5 MTPA Pellet Plant at Barbil, Odisha 1,6 MTPA Wire & Bar Mill at Patratu, Jharkhand 1.5 MTPA HBI Plant at Sohar, Oman
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JSPL: Existing Power Plant

1000 MW IPP, Chhattisgarh (Under JPL) 890 MW CPP, Chhattisgarh 540 MW CPP, Odisha 24 MW Wind Power, Maharashtra

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JSPL: Existing Mining Operations

12 MTPA Coal mining for Captive use, Chhattisgarh 2 MTPA Iron Ore mining, Odisha 1 MTPA Anthracite Coal mining, South Africa

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Product range

Angles and Channels

Fabricated Structures

Hot Rolled Plates and Coils

Parallel Flange Beams

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Product range

Rails

TMT Rebars

Wire Rods

Power

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Expansions - Steel
Jharkhand - India
Setting up an 3 MTPA integrated steel plant and a 1,320 MW captive power plant Currently 1.6 MTPA Wire and Bar Mill operational and balance facility expected by March, 2016

Orissa - India
Setting up a 1.6 MTPA integrated steel plant and a 810 MW captive power plant Currently 540 MW Power Plant is in operation out of 810 MW which will commission by March 13 and rest of the facility expected by September, 13

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DRI Angul (Orissa)

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CGP Angul (Orissa)

CGP: Unit 6 CGP: Rectisol Unit

Storage Tanks (Unit-91)

Sulpher Recovery Unit

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SMS Angul (Orissa)

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Jindal Power limited (JPL) subsidiary company

Jindal Power Limited (JPL) has earned the distinction of setting up a 1000 MW - Indias first mega power project in the private sector at Tamnar, Chhattisgarh

Adding a 2,400 MW (4 x 600 MW) thermal power plant to the existing 1,000 MW thermal power plant Project portfolio (15,660 MW) are in various stages of operation, implementation and planning Signed agreements for 6,100 MW hydro electricity projects in Arunachal Pradesh
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Jindal Power limited (JPL) subsidiary company

Main Plant

258 km transmission line from Raigarh to Raipur

6.9 km cross country pipe conveyor belt for coal transportation

Captive Coal Mine

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Capacity build-up timeline of JPL

Cumulative capacity build-up (for projects under implementation)(a)
11,437

6,040 4,720 3,400

6,940

7,840

2,200 1,000

Existing

FY14

FY15

FY16

FY17

FY18

FY19

FY20

Operational Tamnar I

Two units of Tamnar II (1,200MW)

Two units of Tamnar II (1,200MW)

1,320 MW Godda

1,320MW Dumka

4X225 MW + 4X225 MW Kamala Hydro (Subansiri)

3,097 MW Etalin

500MW Attunli

(a) Projects under planning (3,960MW) have not been considered for the above timeline

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Expansion plans of Jindal Power Limited

Name (Size)

Type

Source Of Raw Material

Operational Tamnar I (1,000 MW) Thermal Captive Mine

Under Implementation Projects (10,237 MW) Tamnar II (2,400 MW) Dumka (1,320 MW) Godda (1,320 MW) Hydro (6100 MW) Thermal Thermal Thermal Hydro Linkage Captive Mines Captive Mine Run Of The River

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Oman, Middle East

Shadeed, Oman

In July 2010, JSPL acquired Shadeed Iron & Steel Co. LLC (Shadeed), a company incorporated under the laws of the Sultanate of Oman Shadeed has installed a 1.5 MTPA Gas-based HBI plant at Sohar Industrial Port with an investment of US$ 525 million and commenced production in January 2011 Adding a steelmaking facility of 2 MTPA in Oman; it will set up the first integrated steel plant in the Sultanate of Oman
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Oman, Middle East

Design and Capacity

Furnace Type: MIDREX

Capacity: 1.6 Million Tons Per Year HDRI and HBI

Phase 1: 2 MTPA Steel Making Product (Billet) Phase 2: 2 MTPA Rebar and Section Mills

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Indonesia, Asia

Jindal Indonesia

Invested for the development of two greenfield exploration assets in Indonesia Both the mines are located within Central Kalimantan Province of Indonesia

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Indonesia, Asia
Coking Coal Asset
Exploration License over 100 square kilometre in Central Kalimantan
Medium to large size deposits of prime hard coking and thermal coal for open-cast operation Pit Sampling Thermal Coal Asset
Large size deposit of low ash low sulphur thermal coal for open cast operation Coal mining license obtained in 2009 for 10 years till March 2018 for over 35.9 square metre Permit received from the Ministry of Forest for the entire concession area MoU signed with Bupati Barito to develop road for coal hauling 139 hectares acquired for the first phase of mining Acquired 17.7 hectares for the development of captive coal terminal for coal handling and barge loading at Barito River
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Pan-Africa presence

Jindal Africa

Presence in South Africa & Mozambique Commercial interests are predominantly in mining; it is also expanding projects in the fields of steel and energy Exploring opportunities for mining coking coal, iron ore and high-value minerals

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South Africa, Africa

African head office is based in Johannesburg, South Africa Operations include Kiepersol Colliery outside the town of Piet Retief in Mpumalanga province The mine produces high-quality anthracite coal, sold nationally and internationally Underground mining with 1 MTPA capacity annually

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Mozambique, Africa

Jindal Africa is developing a coal mine (10 million ton annual capacity) in Mozambiques coalrich Moatize region.

Completed exploration studies

Coal resources estimated at 1.2 billion tonnes including coking coal

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Australia

5 MTPA port capacity secured at Fitzroy port terminal Got 6 tenements allotted from Australian Government and is under exploration stage.

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Financials- Consistent Growth

Total Income
5-year CAGR
(Rs. in crores)

Operating Profit
5-year CAGR

(Rs. in crores)

35%

32%

Cash Profit
5-year CAGR

(Rs. in crores)

Profit After Tax

5-year CAGR

(Rs. in crores)

32%

34%

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Consolidated Financials at a Glance

(Rupees in Crores) INCOME STATEMENT Net Turnover Net Profit After Tax Cash Profit BALANCE SHEET Gross Fixed Assets Net worth Borrowings Equity SIGNIFICANT RATIOS Operating Margin (%) Net Profit to Sales (%) Return on Net Worth (%) Long Term Debt Equity Ratio EPS (INR/Share) (a) (b) 40% 24% 36% 1.09 3.34 40% 23% 39% 1.11 5.58 40% 22% 31% 1.2 6.31 41% 20% 28% 1.07 7.64 41% 23% 34% 1.74 13.54 48% 28% 43% 1.03 32.44 53% 33% 35% 0.59 39.05 49% 29% 27% 0.7 40.75 39% 22% 22% 0.61 42.42 34% 20% 21% 0.75 10.26 37% 19% 20% 0.70 9.66 37% 18% 18% 0.79 9.31 1,966 853 1,026 15 2,875 1,317 1,495 15 4,389 1,837 2,745 15 5,866 2,475 3,507 15 10,679 3,722 6,996 15 14,927 7,021 8,113 15 21,109 10,386 8,605 93 29,327 14,135 13,987 93 35,819 17,948 17,058 93 37,671 18,371 18,852 93 39,620 19,716 20,733 93 43,478 20,636 24,024 93 1,272 305 434 2,271 515 765 2,617 572 858 3,548 703 1174 5,538 1,251 1,810 10,913 3,007 4,193 11,151 3,634 4,759 13,194 3,804 5,115 18,209 4,002 5,578 4,719 960 741 4,734 903 1,340 4,813 870 1,285 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 Q1 FY13 Q2 FY13 Q3 FY13

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Growth Trajectory: Quarterly net profits

35 trailing quarters (consolidated, INR Crores)

1,162

988 900 899 808 874

1,001 963 957 894 951 933 965

1,016 960

903 870

765

444

405
319 250 122 124 124 277

151 153 157 147 150 145 126

190 203

Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec04 04 04 05 05 05 05 06 06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11 11 12 12 12 12

* Net profit includes one time write off written back of Rs. 667.12 Cr.

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Making sustainability a focused priority

Social integration
384,000+
People benefited from JSPLs social endeavours

220+
Villages covered under JSPLs social endeavours

We are developing an ecosystem in which business achievement is woven with community pride.

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Endeavours

Excellence at JSPL is not restricted to our businesses; it encompasses community partnership and respect for the environment
At JSPL, our community development initiatives extend well beyond our business objectives. The Companys social entrepreneurship is evident from our multiple initiatives to help elevate peoples quality of life. Our intervention focuses on key areas of health & hygiene, education & skill development, women empowerment & vocational training, self employment & income generation, safe drinking water & sanitation, capacity building, youth & sports and infrastructure development.

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Green Management

Maintaining over 3 million plants with a survival rate of over 90% during the preceding 10 years

Environment protection is an imperative for global businesses and governments. JSPL is committed to protecting the environment and disseminating relevant information to generate awareness.

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Green Management

Initiatives undertaken:
Assessing new projects to determine its environmental impact Designing a comprehensive environment management plan to mitigate these impacts Monitoring emissions/discharges and their control Conducting rigorous R&D to find ways for solid waste utilisation Increasing awareness among the workforce to safeguard the environment Washed coal used in coal gasification plant Washery rejects and middling coal used in power generation in CFBC technology based boiler Blast furnace power generation from top gas pressure recovery
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Award and Accolades

Ranked No.1 as Wealth Creator in India over a 10-year period (Business World, November 2011) Rated the Worlds 2nd Largest Value Creator by Boston Consulting Group (BCG), based on Total Shareholder Return from 2005-2009, and the largest Value Creator in Mining and Materials category, 2010 Awarded the Dun & Bradstreet- Rolta Corporate Awards 2011 Ranked 3rd in the Metals Category of Business Worlds Indias Most Respected Companies Survey, 2011 Received the Forbes Asias Fabulous 50International Award 2011 and 2010 Golden Peacock Innovation Management Awards

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THANK YOU
www.jindalsteelpower.com
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