q4 fy16 industry update & key performance highlights [company update]
TRANSCRIPT
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8/17/2019 Q4 FY16 Industry Update & Key Performance Highlights [Company Update]
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Q4 FY’16
Industry Update &
Key Performance Highlights
4th May, 2016
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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 suchforward 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, sellor 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.
2Analyst Presentation
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STEEL OUTLOOK
Q4
FY’16
INDUSTRYDEVELOPMENTS
BRIEF
BACKGROUND FINANCIALPERFORMANCEOPERATIONALPERFORMANCE
3
PRESENTATION OUTLINE
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-0.5
6
1.3
3.5
5.6
11.4
9
0.7
3.2
6.6
9.6
-2
0
2
4
6
8
10
12
E l e c t r i c i t y S e c G r o w t h ( y - o
- y ,
% )
0.6
2.8
-0.5
1.3
3.8
3
4.7
2.3 2.9
1.2
5
-1
0
1
2
3
4
5
6
Apr'15May'15 Jun'15 July'15 Aug'15 Sep'15 Oct'15 Nov'15Dec'15 Jan'16 Feb'16
M i n i n g S e c G r o w t h ( y - o - y ,
% )
The Industrial Health
5
Overall IIP Trend Manufacturing
Mining Electricity
4.2
2.2 5.4
4.7
6.9
2.6
10.6
-4.4
-2.4 -2.8
0.7
-6
-4
-2
0
2
4
6
8
10
12
M a n u f a c t u r i n g G r o w t h ( y - o - y ,
% )
3.4
2.5
3.8 4.1
6.3
3.6
9.8
-3.2
-1.26 -1.5
2
-4.0
-2.0
0.0
2.0
4.0
6.0
8.0
10.0
12.0
Apr'15May'15 Jun'15 July'15 Aug'15 Sep'15 Oct'15 Nov'15 Dec'15 Jan'16 Feb'16
M i n i n g S e c G r o w t h ( y - o - y ,
% )
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India’s per capita steel consumption of 59.4Kg, is way below world avg
of 217 Kg in 2014.Domestic Steel Demand Increasing during April-Feb ‘16 • Finished Steel: Consumption stood at 73 mt, a growth of 4.6% (y-o-y)• Fall in Imports post February due to MIP & rising international prices (10 mln
MT imported till Feb)
Increased Domestic Raw material availability :• Iron Ore availability increased by 20% to estimated 155 Mt in FY 15-16
• More then 62 Mt additional Iron ore mining capacity came up in FY 15-16.
• Coal (from CIL & SCCL) availability increased by 9% (50Mt) to 597 Mt in FY
15-16
Government’s Construction & Infrastructure led Growth Model: Steel is central to the idea of Urbanisation which is the focus of all programmes
announced by the Government of India
• Union Budget 2016-17: Govt. to spend Rs 2,18,000 Crores on roads,railways
Green Shoots for Steel Industry
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Crude production marginally increased by 1% during FY ’16
Finished Steel Demand :o April – March ‘16 : India’s Consumption of finished steel grow by 4.6 % (y-o-y)
o While steel demand increases by 24% During March ‘16 (m-o-m)
Imports :o April – March ‘16: increased by 20.4 % (y-o-y),
Exports :o April – March ‘16: Exports down by 32 % (y-o-y),
How the Indian Steel Industry fared during April ‘15-Feb‘16
(Qty :million MT) FY ‘16 March '16
Qty
change
(y-o-y) Qty
change
(m-o-m)
Production: Crude Steel 89.8 0.9% 8.059 8 %
Finished Steel (Non Alloy+Alloy)
Import 11.7 25.7% 0.997 9.3%
Export 4.08 (27)% 0.350 15.9%
Real Consumption 80.5 4.6% 8.143 23.7%
Source: JPC
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STEEL OUTLOOK
Q4
FY’16
INDUSTRYDEVELOPMENTS
BRIEFBACKGROUND
FINANCIALPERFORMANCE
OPERATIONALPERFORMANCE
8
PRESENTATION OUTLINE
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INDUSTRY UPDATESTEEL SECTOR
9
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Iron Ore Lump Prices Iron Ore Fines Prices
Odisha’s 10-30mm lumps prices decreased by
- 55% since Apr’15 (from Rs.4800 to Rs.2300 /MT)
Chhattisgarh’s 10-40 mm lumps prices decreased by
- 38% since Apr’15 (from 4040 to 2520/MT)
Source: Steel Mint Odisha’s ex-mines prices incl royalty excl DMF, Chhattisgarh’s ex-mines prices exclude royalty
10
Odisha’s iron ore fines prices decreased by
- 28% since Apr’15 (from Rs.1800 to 1300/MT)
Chhattisgarh’s iron ore fines prices decreased by
- 27% since Apr’15 (from Rs. 2546 to Rs. 1860/MT )
1800
16501600
1525 1430
1600
14501300 1300
2546
2243
1960
1660 1660 16601560
1560
1560 1710
1860
900
1200
1500
1800
2100
2400
2700
3000
P r i c e i n R s / t ( e x - m i n e s )
Odisha Fines (0-10 mm, Fe 63%)
Chhattisgarh Fines (0-10 mm, Fe
64%)
4040
38403840
3840
3840
2900
2215 2180 22502520
4800
4575 4500
4300
3130
2800 2800
2200 2200 2300
1600
2000
2400
2800
3200
3600
4000
4400
4800
5200
P r i c e i n R s / t ( e x - m i n e s )
Chhattisgarh DR CLO (10-
40mm, Fe 65.5%)
Odisha BF Lumps (10-30mm,
Fe 62- 63%)
Domestic Iron Ore Prices depicted a declining trend in FY 15-16However prices firmed up during Q4 FY ‘16
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20
30
40
50
60
70
80
P r i c e s ( U S D / t ) C F R N . C h
i n a
International Iron Ore Fine Prices (Fe 62%)
International Raw Material Prices ($ / MT)
11
International Coking Coal Prices
• increased by 5% since Apr’15
Prices ($/t) FOB Australia
Prices ($/t) CFR N.China, delivered at Tianjin portSource: Platts
Iron Ore Fines (Fe 62% CFR China)
• increased by 27% since Apr’15
39
50
60
55
63
50
60
70
80
90
100
110
1 - A p r - 1 5
1 - M a y - 1 5
1 - J u n - 1 5
1 - J u l - 1 5
1 - A u g - 1 5
1 - S e p - 1 5
1 - O c t - 1 5
1 - N o v - 1 5
1 - D e c - 1 5
1 - J a n - 1 6
1 - F e b - 1 6
1 - M a r - 1 6
1 - A p r - 1 6
P r i c e s i n U S D / t ( F O B A u s , )
Premium Low Volatile Hard Coking Coal Prices
98
93
74
78
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INDUSTRY UPDATEPOWER SECTOR
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CoalProduction
• Coal India supplied 408 MT of fuel to the power sector in 2015-16, up 6% over the previous year• CIL’s Overall coal production was 535MT (growth of 8.6%) against a target of 550MT
• Sluggish demand has resulted in piling up of coal stock at nearly 58MT
Industry Update - Coal & Power
Long TermCoal Linkage
• MoU with power companies for coal linkage which expired on March 31, will not be extended
beyond June 30’16. And plants need to procure coal through process of special forward e-auction
of coal for power sector
• A new policy might be formulated by MoC, GoI to allocate coal linkages to States and DISCOMS,
and they could invite tariff based bidding on the allocated linkage.
Coal Imports• India imported 182MT in 2015-16, down 16% from 216MT in the previous year, saving Rs 28,000
Cr in foreign exchange
UMPPRevised
Documents
• The Union Cabinet is likely to give green signal soon to standard bid document which will facilitate
auctioning of domestic coal-based four or five Ultra Mega Power Projects, entailing an investment
of Rs 30,000 Cr each.
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Source: CEA
210.7
5.8
42.8 38.8
298.1
Thermal Nuclear Hydro Renewables Total
Installed Capacity (GW) in India
Thermal
69%
Nuclear2%
Hydro
15%
Renewables
14%
Wind 26.4
Solar 6.8 Bio Mass
4.9
Small
Hydro 4.3
Renewables (GW) Portfolio
Installed Capacity
Portfolio
22566
23976
FY 15 FY 16
Generation Capacity Addition in MWs Y-o-Y
6.25% Increase
Installed Capacity in India (Mar 2016)
268 GW in
FY15
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Growth of Renewables in India
10648 12807 16897 18485 21136 23444 267696
32
9411686
26323744 6763
31353601
40144419 4943
26052913
3411 3643
3804
40554274
0
5000
10000
15000
20000
25000
30000
3500040000
MW Small Hydro Biomass Solar Wind
2010 2011 2012 2013 2014 2015 2016
RES Type % CAGR since 2012
WIND 12 %
SOLAR 63 %
BIOMASS 12 %
SMALL HYDRO 5.7 %
Target for 2022
Additions in
FY 16
Target for
FY 16
WIND SOLAR
60 GW 100 GW
2.4 GW 1.4 GW
3.4 GW 3.08 GW
Source: CEA
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Changing Generation Mix
Capacity Additions 2015 Vs 2016
Thermal,
20830
Solar 1112Wind 2308
2015 (MW)
Thermal,
22460
Solar 3018
Wind 3414
2016 (MW)
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Transmission Sector
24%22.5%
25.9%
51.0%49.2%
17.9%
19.5%
17.8%
27.2%
21.6%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
0
100
200
300
400
500
600
Mar 1992 Mar 1997 Mar 2002 Mar 2007 Mar 2012 Mar 2016
Generation Capacity (GW) Tr (1000 Kms)- 66kV and above Gen Growth Tr. Growth
Transmission Network growth has not
kept pace with Growth in the Installed
Generation Capacity
Source: CEA
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1048.0
1107.0
FY 15 FY 16
Electricity Generation in BUs
5.6 % Increase Y-o-Y -2.1%
-3.4%
-1.5% -1.7%
-4.0%
-3.5%
-3.0%
-2.5%
-2.0%
-1.5%
-1.0%
-0.5%
0.0%
Energy Deficit Peak Deficit
Mar-15 Mar-16
Major Highlights (Mar 2016)
494
535
FY 15 FY 16
CIL Production in Million Tonnes
8.6 % Increase FY 16
Imported Coal as % of Total Requirement
A. Imported (MT)
B. Domestic (MT)
% Ratio - A/(A+B)
185
680
21.3 %
Source: CEA
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Transmission & Distribution
2210128114
FY 15 FY 16
Transmission Lines Added (C-Kms)
27% Increase
30.4% 28.7% 27.2%25.0% 25.4% 24.0% 23.7% 23.0%
21.5% 20.8%
0%
5%
10%
15%
20%
25%
30%
35%
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14* 2014-15*
All India T&D Losses (in %)Provisional Data
20.8%
8.9%6.5%
16.6%
6.7%8.3%
4.5% 3.5%
T&D Losses – Comparison (FY12 )
Source: CEA
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Capacity Additions and Reducing % PLF
149 160 174 200 224 245 272 298
77% 78% 75% 73%70% 66% 66% 62%
0%
20%
40%
60%80%
100%
0
50
100
150
200
250
300
350
2009 2010 2011 2012 2013 2014 2015 2016
Total Capacity % PLFINSTALLED CAPACITY (GWs) vs PLF (%)
75% 76%
59% 55%55%64%
0%
20%
40%
60%
80%
Mar-2015 Mar-2016
Central State PrivateFall in PLF is majorly due to inefficient State Utilities
Source: CEA
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STEEL OUTLOOK
Q4
’FY16
INDUSTRYDEVELOPMENTS
BRIEFBACKGROUND
FINANCIALPERFORMANCE
21
PRESENTATION OUTLINE
OPERATIONALPERFORMANCE
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Steel PowerMines &Minerals
GlobalVentures
Current Capacities – Domestic & Global
Business Segments
• Domestic
**Includes 600 MW - synchronized & will be commissioned in FY16
ConstructionMaterial &
Solution
22
4.75 MTPA Steel* 3.11 MTPA*
IPP – 3400** MW
CPP – 1649 MW
Renewable – 24 MW
2 MTPA Steel
6.25 MTPA Mines
Cement
Road solutions
LGS
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Capacity in
deail
Iron Making
(6.75 MTPA)
BF 2.13 MTPA
DRI 3.12 MTPA
HBI 1.50 MTPA
Liquid Steel
(6.75 MTPA)
SMS 6.75 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
** To be commissioned 23Copyright @ 2015 Jindal Steel & Power Limited
BRM in Angul 1.4* - Commissioning in 1QFY17 Effective Finished Steel 8.05 MTPA
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Capacity in
deail
Raigarh (Chhattisgarh)
SMS
3.25MTPA
BF 1.67MTPA
DRI 1.32MTPA
Plate Mill1.00 MTPA
RUBM 0.75MTPA
MLSM 0.60MTPA
CPP 839MW
Angul(Odisha)
SMS 1.5MTPA
DRI 1.8
MTPA
CGP225,000Nm3/Hr
Plate Mill1.2 MTPA
CPP 810MW
Barbil(Odisha)
PelletPlant
9 MTPA
Patratu(Jharkhand)
WRM0.60
MTPA
RebarMill 1.0MTPA
Oman
SMS 2.0MTPA
HBI 1.5MTPA
BRM 1.4
MTPA
JPL
Tamnar2800
MW
600
MW*
Mining
Iron Ore3.11
MTPA
CoalOverseas
6.20
MTPA
Detailed plant wise capacities
** To be commissioned
Power Hot Metal Liquid Steel Finished Steel
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JSPL diversifies into Value added products – will boost EBITDA margins
Speed Floor LGSCement
Road Stabilizer Bricks & PaversEPS Panels LWA
Welded MeshCut & Bend
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Angul
Satara
Tamnar
RaigarhCaptive power projects (within JSPL)
ProjectCapacity
(MW)Fuel Configuration Status
DCPP, Raigarh 540 Coal 4x135 MW Operational
JSPL, Raigarh 299
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
Configurati
on Status
Tamnar 1(a) 1,000 Coal 4x250 MW Operational
Tamnar 2(a) 2,400 Coal 4x600 MW
1,800 MW
operational,
balance 600 MW
synchronized
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
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96.43% subsidiary of JSPL
JINDAL POWER LIMITED
27
EUP -I1000MW (4 X 250)
EUP -II1200MW (2 X 600)
EUP -III1200MW (2 X 600*)
*600 MW Synchronized, Await Commissioning
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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
(a) Exc ludi ng auxi li ary consumpti on
Key Contractual Arrangements for JPL
28Copyright @ 2015 Jindal Steel & Power Limited
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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 commercialoperation of Unit and for
complete life of plant
60
PPA Arrangements
Over 30% of total capacity tied up *
* Out of 3400 MW (IPP) 29Copyright @ 2015 Jindal Steel & Power Limited
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Upcoming PPAs
Procurer Type Quantum (MW) Schedule delivery Tenure (years)
Uttar Pradesh Long Term 2,800 Oct-16 15
Bihar Long Term 5003 year after
submission of RFPNA
Uttar Pradesh Long Term 1,000 Oct-16 15
JPL - Well placed on account of low capital cost base
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• Tamnar II (Phase 1):
350 MW KSEB PPA, transmission corridor
is expected from Jun-16
• Long term access from WR to NR granted
for 557 MW is expected to be available by
Jun-16 upon commissioning of Champa –
Kurukshetra HVDC link (3,000 MW). This
will be useful for power sale to UP
• No constraint in power evacuation to
Western and Eastern Region entities
including Bangladesh, where we have
participated for 250 MW power supply
Kolhapur
Narendra
Wardha
Warangal
Warora
Nizamabad
Raigarh P.S
Pugalur
Jaipur
Kurukshetra
ChampaJabalpur
Orai
Gwalior
Banaskantha
Chittorgarh
Gorakhp
ur
Barh
Gaya
Vanarasi
3000 MW
+ 3000MW
6000MW
S
R
WR
NR
ER
NE R
Oct’1
5
Shujalpu
r`Angul
Srikakulam
DharamjaigarhRanc
hiJharsugu
da
Rapp
C&D
Bishwanath Charali
Agra
Legends:
400 kV D/C Line
765 kV D/C Line
765 kV S/C Line
800 kV HVDC Line
Rihand
Vidhyanchal
Transmission constraints expected to be resolved in the near term
Upcoming Transmission Infrastructure
31Copyright @ 2015 Jindal Steel & Power Limited
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Developing a coal mine
(3 MTPA) 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
(Erstwhile Gujarat NRE coking
coal Limited)
Australia
1.5 MT HBI & 2 MT SMS Plant – plans to make it an Integrated
Steel Plant
Shadeed, Oman
Summary of International Operations
Copyright @ 2015 Jindal Steel & Power Limited 32
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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
Copyright @ 2015 Jindal Steel & Power Limited 33
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Jindal Shadeed Iron & Steel, Oman
Marching towards becoming a Fully Integrated Steel Plant
1.5 HBI 2 MTPA SMS 1.4 MTPA Rolling Mill(Commercial Production 1QFY17)
34Copyright @ 2015 Jindal Steel & Power Limited
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35
First & Largest Integrated steel plant of Oman
Third largest in Arabian Peninsula
Port based steel plant
Largest Arc furnace in Arabian Peninsula, with contracted natural gas
Worlds Best Performing Midrex plant (category 1.5MTPA)
Products : HBI, Blooms & Billets
Salient Features
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In July 2010, JSPL acquired Shadeed Iron & Steel Co. LLC
• Gas-based 1.5 MTPA HBI plant
commenced production in
January 2011
• Commissioned SMS of 2 MTPA
in April 2014
• 1.4 MTPA Rebar to be
commissioned in 4QFY16
36Copyright @ 2015 Jindal Steel & Power Limited
Rolling Mill
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37
• Total Project Cost: Around USD 225 million
• Expected commercial production in 1Q FY 2017
g
1.4 MTPA Rebar Mill
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STEEL OUTLOOK
Q4
FY’16
INDUSTRY
DEVELOPMENTS
BRIEF
BACKGROUND
FINANCIAL
PERFORMANCE
38
PRESENTATION OUTLINE
OPERATIONAL
PERFORMANCE
Analyst Presentation
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Q4 FY 15-16 Performance highlights
39
JSPL achieves record domestic Sales of over 1.0 million MT in Q4registering 37% growth q-o-q
10% growth in Domestic Steel Production in Q4 y-o-y (0.97million MT in Q4 FY 15-16 vs 0.88 million MT in Q4 FY14-15)
Pellet Sales in Q4 Quadruples y-o-y
1.4 MTPA Rebar mill commissioned in Oman
1.2 MTPA plate mill in Raigarh upgraded
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Consolidated Steel Production
Total Steel Production up 23%*
Copyright @ 2015 Jindal Steel & Power Limited 40*Quarter on Quarter
0.00
0.200.40
0.60
0.80
1.00
1.20
1.40
1QFY16 2QFY16 3QFY16 4QFY16
0.85 0.85 0.780.97
0.18 0.29
0.35
J S P L D o m e st i c J i n d a l S h a d ee d
1.101.03
1.07
1.40
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Consolidated Steel Sales Volumes
Total Steel Sales volumes up 42%*
Copyright @ 2015 Jindal Steel & Power Limited 41*Quarter on Quarter
0.00
0.50
1.00
1.50
1QFY1 6 2QFY16 3QFY16 4QFY16
0.82 0.78 0.741
0.19 0.25
0.4
J S P L J i n da l S h a d ee d
0.971.070.99
1.40
Key Customers & Adding
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Key Customers & Adding…
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STEEL OUTLOOK
Q4
FY’16
INDUSTRY
DEVELOPMENTS
BRIEF
BACKGROUND
FINANCIAL
PERFORMANCE
43
PRESENTATION OUTLINE
OPERATIONAL
PERFORMANCE
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Standalone Q4 FY 16 –Snapshot of Key Financials
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Standalone FY 16 –Snapshot of Key Financials
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Consolidated Q4 FY 16 –Snapshot of Key Financials
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Consolidated FY 16 –Snapshot of Key Financials
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48- -
JPL – Snapshot of Key Financials
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Focus for FY17
Copyright @ 2015 Jindal Steel & Power Limited 49
Capacity Utilization Financial Prudence
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•Sweat the Assets – Achieve 100% Capacity utilization
• Continued cost reduction campaign
• Completion of Angul Phase 1B
• Divest / Monetize non – core / non – performing assets
• Reduce Debt
• Renewed thrust on exports
• Focus on “Value Added Products”
• High Value added product development at Angul plate mill
• Reduce Working capital
• Diversify into High Rise building segment and Low cost housing segment & offer
complete package of Steel and Construction material
Key Priorities & Focus Areas
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Snapshots from JSPL
51Analyst Presentation
Jindal Shadeed, Oman
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Jindal Shadeed, Oman
Jindal Shadeed Oman
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Jindal Shadeed, Oman
Jindal Shadeed, Oman
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Jindal Shadeed, Oman
Jindal Shadeed, Oman
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Jindal Shadeed, Oman
Jindal Shadeed, Oman
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Jindal Shadeed, Oman
JSPL Raigarh (NEOF)
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JSPL Raigarh (NEOF)
JSPL Raigarh (NEOF)
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JS a ga (N O )
JSPL Raigarh
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59- -
J g(Upgraded Plate Mill)
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Jindal Structures being used at building in BKC, Mumbai
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For any information please contact: -
Mr. Nishant Baranwal – Investor Relations
Tel : +91 11-26739178
Mobile:+91 8800690255
Email: - [email protected]
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THANK YOU