#1JBG JAI BALAJI INDUSTRIES LTD. (JBIL) Q3 & 9MFY24 Investor Presentation January 2024#22 Disclaimer This presentation and the accompanying slides (the "Presentation"), which have been prepared by Jai Balaji Industries Limited (the "Company") solely for the 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 what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company Certain statements in this presentation concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable. 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. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years. JBG#3Table of Contents About the Company 2 Investment Thesis 04 - 08 09-21 3 Financial and Operational Highlights 22-29 4 Annexure 30 - 44 JBG#44 Management Commentary and Business Outlook "Jai Balaji Industries Ltd. is a fully integrated steel company with focus on specialized products like Ductile Iron Pipes and Ferro Alloys. Company faced tough challenges in last 6-7years which are now resolved with the commitment, hard work, faith and resilience of the management, business associates and stakeholders. Jai Balaji 2.0 aims to transition into a high margin business, and we plan to achieve the same by lowest cost capex for capacity enhancement, economies of scale, operational efficiencies and focusing on specialized products. Coming to Q3 & 9MFY24 performance, I'm thrilled to report a record high performance in Q3 & 9MFY24.marked by robust financial results, strategic expansions, and unwavering commitment to operational excellence. The adjusted EBITDA & PAT for the quarter grew by 96% and 7.4x times YoY respectively. We are steadily progressing towards our aim to become net debt free in the next 18 months. Going forward, we aim for margin expansion by increasing capacity and utilization of value added & specialized products, cost reduction and technological upgradation leading to sustainable growth and value creation. Mr. Aditya Jajodia Chairman and Managing Director JBG#5ABOUT THE COMPANY JBG#6CO 6 Business at a Glance One of the largest manufacturers of Value- added products (DI Pipes & Specialized Ferro Alloys) in the private sector in Eastern India. 3 Star Export House; Exporting to more than 40 Countries Specialized product portfolio of DI Pipes and Ferro Alloys 1st Company in West Bengal to set up Sponge Iron & Waste Heat Recovery Power Plants 4 manufacturing units present across West Bengal & Chhattisgarh Successfully raised equity from IPO, Private Placements and QIP Route. 1.1 MT fully integrated Greenfield Steel Manufacturing 101.1 MW Power Plants Fully Operational JBG#77 Jai Balaji 2.0 = Value added Products + Strong Balance Sheet S JBG Objective Focus on DI Pipes, Specialized Ferro Alloys and Value-added Products Target 。 Capacity commissioning by FY25 - - DI Pipes capacity expected to grow by 175% to 6.6L TPA - Ferro Alloys capacity is expected grow by 46% to 1.9L TPA o Aim to increase Utilization rate upto 90% Strong Balance Sheet Aim to become Net Debt Free in next 18 months o Capex from internal accruals Revenue contribution of value-added & specialized products (DI Pipes & Specialized Ferro Alloys) to increase from 55% to 80% $ Margin Expansion 。 EBITDA Margin to be in range of 18%-20%#88 Transitioning to High Margin Company Ductile Iron Pipes 000000 www Management's strategy is to focus on Value-Added Products like Ductile Iron Pipes and Specialized Ferro Alloys for margin expansion and sustainability JBG Specialized Ferro Alloys JBIL is focused on being a Value-Added and Specialized Product company#9INVESTMENT THESIS JBG#10Investment Thesis 10 10 1 Fully Integrated Operations 5 Strong Financial & Operational Performance 2 Significant/Proposed Capacity Enhancement 6 Cost Effective Logistics Infrastructure through Internal Accruals Capacity Expansion in 3 DI Pipes & Specialized Ferro Alloys 7 Strategic Location of Assets 4 Progress towards Net Debt Zero Status 8 Clear Strategy Going Forward JBG#11Fully Integrated Operations Backward Integration Sinter Capacity = 608,000 T Coke = Capacity 350,000 T Power Intermediate & Finished Products Sponge Iron Steel Billets Value-added & Specialized Products Ductile Iron = Capacity 345,000 T = Capacity 394,000 T = Capacity 240,000 T Pig Iron TMT Bars Ferro Alloys JBG HIGH MARGIN PRODUCTS Capacity = = 101.1 MW Capacity = 509,250 T Capacity = 260,000 T Capacity = 130,000 T 11 Data for Dec'2023#1212 Significant/Proposed Capacity Enhancement Capex (in Rs. Mn.) Products (Location) Existing Capacity Capacity Addition Capacity After Expansion Total Already incurred Balance to be incurred Specialized Products DI Pipes 240,000 TPA 420,000 TPA 660,000 TPA 4,000 681 3319 Ferro Alloys 130,000 TPA 60,000 TPA 190,000 TPA 1,500 815 685 Others Revamping Existing Blast Furnaces 509,250 TPA 240,750 TPA 750,000 TPA 2,500 1128 1372 (Unit III) Sinter 608,000 TPA 600,000 TPA 1,208,000 TPA 1,100 774 326 (Unit III) BFG Boiler (Unit IV) 0.00 TPH 35 TPH 35 TPH 300 25 275 Misc De-Bottle Necking TOTAL 600 385 215 10,000 3,808 6,192 Current Status JBG Will be done in 2 phases - Phase 1 = 2Lac T expected to commission by FY24; Phase 2: = 1.5 Lac T expected to commission by FY25 Will be done in two phases- Phase 1 around 36000 TPA to be commissioned by FY24 and Balance will be commissioned by FY25. 1 furnace is under process and is expected to be commissioned by FY24. 2nd furnace will be completed in next FY Will be done in 2 phases; In process of setting up 1st phase of the same during current FY and 2nd phase shall be commissioned in FY25 This is a green energy project which aims to reduce carbon footprints. Plan is to add this in captive power plant for optimizing| utilization of waste gases from BF Includes backward integration to sinter Plant, Upgradation of PCI and Oxygen plant for cost cutting of producing Hot metal from Pig iron Plant.#1313 Specialized Products - DI Pipes JBG 0000 0000 0000000 Industry Government Programs DI Pipes Industry is expected to grow at 13%-15% CAGR in near future. It is used for water transportation and drainage system Our Market Share Revenue Contribution Going Global "JAL JEEVAN MISSION" and "MISSION AMRUT SAROVAR" infrastructure development plan has led to increased requirement of DI Pipes and Jai Balaji is contributing to the same Co. has around 10% of the DI pipes market of India and aims to reach 18-20% of Market Share, post capacity expansion 30% of the revenues come from DI pipes and is expected to grow to 45%-50% Exporting to few countries and aim to increase the same post capacity expansion#14Specialized Ferro Alloys Exports Ferro Alloys to 40+ Countries in the world & Secured Three Star Export House status Features of our High-Grade Ferro Alloys o High chrome content Lower carbon content Lower trace elements Lower sulphur/phosphorus 14 One of the largest producers of Specialized Ferro Alloys in India UNFADSO JBG Revenues from Specialized Ferro Alloys expected to grow from 20%- 25% to 35% Sold at significant premium to benchmark Ferro Alloy prices Co. has Long Term Contracts with Indian as well as International Clients#1515 Cost Reduction Strategies... JBG A B C D Lowest cost capacity expansion plans, Economies of scale, Operational efficiencies Setting up of Iron ore beneficiation plant of 6Lac Tons which will be utilized for beneficiation of low grade. iron ore dump Cost effective logistics infrastructure (has 3 Railway Sidings) and cost savings through Captive Power Decrease in Interest Costs because of reduction of Debts Capacity Expansion Plans (Tons) DI Pipes 3,60,000 3,00,000 2,40,000 6,60,000 FY23 FY24E FY25E FY26E Ferro Alloys 1,90,000 1,62,000 1,38,000 1,06,618 FY23 FY24E FY25E FY26E#1616 Progress Towards Net Debt Zero Status... Net Debt (Rs. Mn) 34,079 31,496 8,712 5,665 FY21 FY22 FY23 9MFY24 Present Debt pertains to Tata Capital Financial Services Expectation to maintain Net Debt to EBITDA at around 0.6 on 31st March'2024 Aim to become Net Debt Free in 18 Months JBG#17Flourishing Financial Health Revenue 27,852 46,925 61,251 FY21 FY22 45,682 Gross Profit Gross Profit Gross Margin 29% 30% 26% 35% 18,255 16,137 13,680 7,158 FY23 9MFY24 FY21 FY22 Adjusted EBITDA* 9% 9% 5,703 4,281 4% 1,044 15% 6,664 FY21 FY22 FY23 9MFY24 Adjusted EBITDA Adjusted EBITDA Margin 17 *Adjusted for non-cash items FY23 9MFY24 Profit After Tax 1% 1% -758 481 578 13% 6066 FY21 FY22 FY23 9MFY24 -3% PAT PAT Margin JBG Consolidated Numbers and Numbers are in Millions#18140% 120% Robust Operational Performance 100% 80% 60% 40% 20% 0% FY19 Capacity Utilization (%) FY20 FY21 FY22 Sponge Iron Pig Iron Billets TMT Ferro Alloys DI Pipes FY23 Increased focus on capacity utilization of Value-Added Products ensures margin expansion 18 *Includes Sponge Iron, Pig Iron, Billets, TMT, Ferro Alloys, DI Pipes JBG#1919 Cost Effective Logistics Infrastructure 1 2 3 JBG JBIL is the one of the few companies with Railway Sidings and has 3 Railway Sidings which leads to increased flexibility in delivering finished goods & reduced turnaround time. Have dedicated Railway Sidings at both loading in Odisha and unloading at our plant. Approx 3 tons of raw material is required for every 1 ton of steel & Co. saves significant costs by using Railway Sidings instead of road transport.#20Strategic Location of Assets 20 20 Plant Location Facilities Products JBG Installed Capacity (MT) Ferro Silicon Unit I Baktarnagar, Burdwan, West Bengal • Ferro Alloys . 30,118 Alloys/Ferro Chrome • DRI • 1,05,000 Sponge Iron • Power 18.3 MW Power Rajbandh, • Pig Iron Blast Furnace • 4,28,750 Unit III Burdwan, • ⚫ DIP West Bengal • Sinter Ductile Iron Pipe Sinter . • 2,40,000 • 6,08,000 • Sponge Sponge Iron . 1,20,000 • PIG Iron • Billets Blast Furnace SMS • 80,500 . 2,94,030 Rajabndh, • West Bengal Rolling Mill • TMT • 2,60,000 Unit IV Burdwan, • West Bengal Ferro Alloys • Coke Oven ! Chhattisgarhi • Captive Ferro Chrome/Special Grade Ferro Alloys ⚫ Coke • 100,000 • 3,50,000 Power · Power • 70 MW Billets Unit V Rasmada, Durg, SMS • 1,00,000 Sponge Captive Chhattisgarh Sponge Iron Power • $ 1,20,000 • 12.8 MW Power#2121 Clear Strategy Going Forward 1 Lowest cost Capex through internal accruals 3 Focusing more on Value-added products like DI Pipes and Specialized Ferro Alloys for margin expansion 2 Continuously working on improving operational efficiencies, cost reduction, modernization/technological upgradation Becoming net debt free company in next 18 Months and strengthening the Balance Sheet 4 JBG#22Q3 & 9MFY24 PERFORMANCE HIGHLIGHTS JBG#2323 Strategic Updates Record high Financial Performance Net Debt as on 31st Dec'23 is Rs. 5,665 Mn. post 01 entering into facility agreement with Tata Capital Financial Services Highest ever Quarterly and Nine Months financial 02 performance of EBITDA & PAT. Record high production & sales of DI Pipes for 9MFY24 Strong Capex plan of Rs. 10,000 Mn in place out of this Rs. 3,808 Mn has already been spent 03 from internal accruals and balance is expected to be completed in 18 to 24 Months through internal accruals only. Progress towards Zero Net Debt Highest Ever Performance CAPEX JBG#2424 24 9MFY23 Highlights Quarter Highlights Financial Performance Highlights Revenue 15,369 L 0% 15,390 Adjusted EBITDA & Margin (%)* 8% 1,263 I 16% 96% 2,474 PAT & PAT Margin (%) I 2% 279 15% 740% 2,346 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 2% 13% 4% 15% I 4% 44,011 45,682 103% 755% 6,066 6,664 9MFY23 9MFY24 3,291 709 9MFY23 9MFY24 9MFY23 Consolidated Numbers and Numbers are in Millions 9MFY24 JBG *Adjusted for non-cash items#2525 Sales Production Operational Performance (1/2) Sponge Iron ('000 T) 192 125 64 167 61 Pig Iron ('000 T) 359 314 40 93 40 93 Billets ('000 T) 42 42 135 113 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 39 41 120 114 55 55 30 30 184 115 15 20 20 56 99 58 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 JBG#26Operational Performance (2/2) Production 26 Sales 59 Q3FY23 TMT ('000 T) 14 71 170 148 27 27 Ferro Alloys ('000 T) DI Pipes ('000 T) 27 27 96 96 JBG 58 173 82 49 147 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 90 67 18 57 164 17 .... 54 139 55 55 60 60 50 60 172 142 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24 Q3FY23 Q3FY24 9MFY23 9MFY24#2727 Numbers are in Rs. Per Ton 50,850 47,289 46,211 32,819 29,952 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 TMT 53,872 48,003 1,32,378 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 1,61,497 1,76,165 29,215 Sponge Iron 34,399 29,845 Realization Summary 41,252 39,881 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 Ferro Alloys 1,31,912 1,71,792 68,246 71,549 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 80,394 37,511 DI Pipes Pig Iron 46,741 39,617 44,842 43,820 Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 68,902 73,611 41,947 Billets 48,465 43,597 JBG#28Consolidated Income Statement Particulars (Rs. Million) Q3FY24 Q2FY24 QoQ Q3FY23 YoY 9MFY24 9MFY23 Revenue from Operations 15,390 15,466 0% 15,369 0% 45,682 44,011 Cost of Goods Sold 9,756 10,035 -3% 10,869 -10% 29,545 31,453 Employee Benefits Expense 418 403 4% 328 27% 1,191 944 Other Expenses 2,747 2,893 -5% 3,468 -21% 8,291 9,685 EBITDA 2,468 2,135 16% 704 251% 6,655 1,928 Adjusted EBITDA 2,474 2,135 16% 1,263 96% 6,664 3,291 Adjusted EBITDA Margin (%) 16% 14% 8% 15% 7% Depreciation 206 208 -1% 251 -18% 628 734 Finance Cost 150 187 -20% 199 -25% 549 628 Other Income 234 276 25 589 143 Exceptional Items 0 0 0 0 Profit Before Tax (PBT) 2,346 2,016 16% 279 740% 6,066 709 Tax Expense 0 0 0 0 0 Profit After Tax (PAT) 2,346 2,016 16% 279 740% 6,066 709 PAT Margin (%) 15% 13% 2% 13% 2% EPS (Rs.)(Basic) 14.72 12.79 15% 2.03 625% 38.85 5.75 EPS (Rs.)(Diluted) 13.22 11.22 18% 1.58 737% 34.05 4.38 28 *Adjusted for non-cash items JBG#2929 Consolidated Balance Sheet Particulars (Rs. Million) ASSETS Non Current assets (a) Property, Plant and Equipment (b) Capital work-in-progress (c) Right to use assets (d) Intangible Assets 30 Sep'23 31 March'23 Particulars (Rs. Million) EQUITY AND LIABILITIES EQUITY 30 Sep'23 31 March'23 10,950 2,575 11,268 (a) Equity share capital 1,605 1,455 688 (b) Other equity 8,262 4,106 44 45 Sub Total Equity - 9,866 5,561 3 3 (e) Financial assets 0 0 (i) Investments 8 11 (ii) Loans 0 0 LIABILITIES Non-current liabilities (a) Financial Liabilities (i) Borrowings 4,693 6,260 (iii) Other financial assets 985 689 (ii) Lease Liabilities 6 6 (f) Deferred Tax Assets (Net) 2,909 2,909 (b) Other non Current Liabilities 227 292 (g) Other Non Current Assets 193 271 (c) Provisions 138 115 Sub Total Non Current Assets 17,666 15,884 Sub Total Non Current Liabilities 5,063 6,673 Current Assets Current liabilities (a) Inventories 9,135 8,214 (a) Financial Liabilities (b) Financial assets - 0 0 (i) Borrowings 1,897 2,337 2,168 2,293 (ii) Lease Liabilities 1 1 (ii) Cash and cash equivalents 158 245 (ii) Trade Payables - MSME 81 122 (iii) Bank balances other than (iii) above 293 270 Others 8,824 8,867 (iv) Other financial assets 206 292 (iii) Other financial liabilities 1,907 1,931 (c) Current tax assets (net) 126 123 (b) Other current liabilities 4,364 4,104 (d) Other current assets - Sub Total Current Assets Total Assets 2,254 2,279 (c) Provisions 3 3 14,342 13,715 - Sub Total Current Liabilities 17,078 17,365 32,007 29,599 Total Equity and Liabilities 32,007 29,599 JBG#30ANNEXURE JBG#3131 Turnaround Story - Resilient in the Toughest Time Pure Intentions & Hard Work of the management brought company back to life! 04 03 02 01 Profit making Business Converted losses into profits JBG Confident to achieve EBITDA Margins in the range of 18%-20% going ahead Debt Restructuring О Broke the Debt trap and strengthen the balance sheet. Expectation is to be Net Debt Free in 18 Months Cost Reduction = Modernization + Operational Excellence O Hot metal cost reduction through revamping Blast Furnace & cap. exp. of Sinter Capacity & Utilization increase across product portfolio led to economies of scale Setting up BFG Boiler for optimizing utilization of waste gases. – Green Energy Project Experienced and Disciplined Management О Subscription of share warrants О Motivation, constant efforts, focused approach & faith in capacities 05 Focus on Value Added Products Management's focus on products like Ductile Iron Pipes and Specialized Ferro Alloys lead to margin expansion & sustainable margins#3232 What went Wrong 1 2 3 4 JBG Mining ban of Iron Ore in Karnataka and Goa led to substantial increase in raw material prices of iron ore Cancellation of coal blocks led to forced closure of setting up of 5Mn T Steel Plant Project in Purulia, West Bengal. Amount invested in that project went in vain. Rising borrowing costs and Debt Trap Global financial crisis, weak economic conditions, Covid & lockdowns Resilient Promoters took the right steps to bounce back and corrected the things that went wrong!#3333 33 Steps Taken to Bounce Back Improving Operational Efficiencies Balance Sheet Strengthening Strategic Steps Increasing Capacity Utilizations 2 3 4 5 6 Increased focus on production of Value-Added Products Debt restructuring through Asset Reconstruction Companies Promoters subscribing to share warrants Promoters pledged their shares to arrange for funds from private parties Sold some assets in distress to keep the company going concern JBG#34Where We Stand Now 34 =4 ☑ Corrective action plan to ensure success... ☑ JBG Reduced Debt to Rs. 6,370 Mn as on 31st Dec'23; Expectation is to be Net Debt Free in 18 Months Expanding capacities through internal accruals Margin expansion by focusing on value- added products Lowest cost of Capex because of Brownfield Expansions Improving operational efficiencies and capacity utilizations#3535 55 Processes Non-coking Coal Iron Ore Lumps/Fines Coking Coal DRI Induction Furnace & Billet TMT/Bars/Wire Rods Sinter CPP 101.10 MW Sales Manganese Ore/ Chrome Ore. Coke Oven Ferro Alloys Pig Iron / Hot metal From Blast Furnace Ductile Iron Pipe Sales Channel Free Fuel Material Movement Captive Power RM Segment Process/Intermediary & Semi-Finished Segment Finished Products Power Utilities JBG#3636 SWOT Analysis O О ○ O Strengths Weakness Opportunities Threats S W T Ongoing inflation 。 Lingering effects of Russia's invasion of Ukraine Fully integrated steel company О Diversified product range Experienced leadership Lowest cost of Capex Weak performance in the o past 。 Commodity price impacts o O Strengthening of Special Grade o Ferro Alloys market "Jal Jeevan Mission" & "Mission Amrut Sarovar” has led to great opportunities in DI Pipes segment Government has approved Rs. 6,322Cr. for steel sector growth Growth plans of other industries like Railways, Logistics etc. JBG#37Board of Directors Mr. Aditya Jajodia Chairman & Managing Director Mr. Sanjiv Jajodia Mr. Rajiv Jajodia Mr. Gaurav Jajodia Whole Time Director Executive Director Executive Director 37 2 Mr. S.K. Tamotia Independent Director JBG Mr. Bimal Choudhary Executive Director Mr. Ashim Kumar Mukherjee Independent Director Ms. Seema Choudhury Independent Woman Director Ms. Rakhi Jain Independent Woman Director Ms. Swati Bajaj Independent Woman Director Ms. Mamta Jain Independent Woman Director#3838 Yearly Trend | Production (1/5) Sponge Iron 2,33,784 2,42,489 2,52,290 2,08,621 2,14,563 Pig Iron 4,79,468 4,47,444 4,38,461 3,90,925 3,62,551 1,66,831 3,14,029 1,56,845 1,49,815 Billets 1,03,708 1,01,778 1,76,038 JBG 1,12,966 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 TMT 1,57,132 1,49,595 1,47,593 1,11,216 2,15,347 1,70,440 Ferro Alloys 57,656 59,356 56,627 92,180 1,23,368 DI Pipes 82,396 1,53,839 1,41,242 1,21,176 1,24,969 2,12,636 1,73,034 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 Figures in Tons#3939 Yearly Trend | Sales (2/5) Sponge Iron 1,28,738 1,27,404 1,31,791 1,32,340 1,59,528 Pig Iron 2,73,055 2,56,661 2,40,915 2,32,687 2,35,363 1,13,807 1,15,245 92,328 90,965 Billets JBG 74,268 75,070 65,218 58,307 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 TMT Ferro Alloys 2,03,142 1,64,447 1,50,209 1,46,830 1,54,361 49,183 46,996 46,011 1,07,314 77,017 77,417 DI Pipes 2,08,752 1,72,446 1,58,541 54,947 1,34,065 1,20,085 1,20,042 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 Figures in Tons#4040 40 Yearly Trend | Realization (3/5) Sponge Iron 21,353 22,039 18,397 Pig Iron 45,642 40,527 39,617 34,058 32,522 29,845 28,529 28,468 25,176 Billets 33,060 31,381 27,516 JBG 47,903 44,580 43,597 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 TMT 53,720 49,759 48,003 38,267 35,044 33,364 Ferro Alloys 1,71,792 1,37,375 1,15,865 91,277 86,383 73,681 DI Pipes 73,611 68,581 53,461 42,657 43,945 42,815 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 FY19 FY20 FY21 FY22 FY23 9MFY24 Figures in Rs. Per Ton#41Yearly Trend | Income Statement (4/5) JBG Particulars (Rs. Million) 9MFY24 FY23 FY22 FY21 FY20 FY19 Revenue from Operations 45,682 61,251 46,925 27,852 29,123 30,775 Cost of Goods Sold 29,545 42,996 33,245 20,693 22,398 23,993 Employee Benefits Expense 1,191 1,288 1,089 887 900 818 Other Expenses 8,291 14,405 10,508 5,318 5,517 5,768 EBITDA 6,655 2,562 2,083 954 308 196 EBITDA Margin (%) 15% 4% 4% 3% 1% 1% Depreciation 628 979 913 940 968 1,016 Finance Cost 549 889 988 880 1,028 1,116 Other Income 589 355 299 108 602 400 Exceptional Items 0 0 0 -58 이 Profit Before Tax (PBT) 6,066 1,049 481 -758 -1,144 -1,536 Tax Expense 0 471 0 0 0 이 Profit After Tax (PAT) 6,066 578 481 -758 -1,144 -1,536 PAT Margin (%) 13% 1% 1% -3% -4% -5% EPS (Rs.) 38.8 4.5 4.4 -6.9 -11.1 -15.9 41 44 Consolidated Numbers#42Yearly Trend | Balance Sheet (5/5) Particulars (Rs. Million) JBG Equity & Liabilities Assets FY19 FY20 FY21 FY22 FY23 H1FY24 Particulars (Rs. Million) FY19 FY20 FY21 FY22 FY23 H1FY24 Assets Equity & Liabilities Equity Share Capital Non-Current Assets - Property, Plant and Equipment 13,191 Other Equity Total Equity 964 1,105 1,105 1,105 -16,763 -17,684 -18,435 -17,733 -15,799 -16,579 -17,331 -16,628 1,455 1,605 Right to use assets 48 12,332 47 11,766 11,601 46 46 11,268 45 10,950 44 4,106 8,262 Capital Work-In-Progress 790 977 1,017 523 688 2,575 5,561 9,866 Intangible assets 2 3 2 Loans 136 153 0 0 Non-Current Liabilities - Intangible Assets under Long term Borrowings 16,139 6,617 5,781 5,861 6,260 4,693 development 2 Lease Liabilities 0 0 6 6 6 Financial Assets - Investment 11 11 11 11 11 8 Other non Current Liabilities Provisions 0 0 0 292 227 Financial Assets - Others 92 44 419 424 689 985 0 0 0 0 115 138 Deferred Tax Assets (Net) 2,909 2,909 2,909 2,909 2,909 2,909 Other Non-Current Assets 891 879 881 1,257 271 193 Total Non-Current Liabilities 16,139 6,617 5,787 5,867 6,673 5,063 Total Non-Current Assets 18,070 17,354 17,053 16,773 15,884 17,666 Current Liabilities - Current Assets - Short Term Borrowings 20,244 28,021 28,548 25,825 Lease Liabilities 0 0 1 1 2,337 1 1,897 Cash and Bank 75 228 258 221 515 451 1 Inventories 4,960 5,786 6,992 7,580 8,214 9,135 Trade Payables 6,702 6,904 7,503 8,187 8,990 8,905 Trade Receivables 3,941 2,844 2,440 1,561 2,293 2,168 Short Term Loans & Advances 1,061 441 26 30 0 0 Financial Liabilities - Others 2,205 1,868 2,188 1,852 1,931 1,907 Other Financial Assets 0 0 266 282 292 206 Other Current Liabilities 2,461 2,866 3,272 4,499 4,104 4,364 Current Tax Assets (Net) 0 0 0 0 123 126 Provisions 88 95 94 89 3 3 Other Current Assets 3,933 3,140 3,027 Total Current Liabilities 31,700 39,754 Total Equity and Liabilities 32,040 41,606 29,793 30,062 29,691 40,453 17,365 29,599 17,078 32,007 Total Current Assets 13,970 3,244 12,438 13,009 12,918 13,715 14,342 2,279 2,254 Total Assets 32,040 29,793 30,062 29,691 29,599 32,007 42 Consolidated Numbers#43CSR Activities - Serving Society through Industry JAI BALAJI INDUSTRIES LIMITED Observe WORLD ENVIRONMENT DAY 5 ne, 2023 Folution to Plastution #Beat Pl ution A TIED World Environment Day Celebration HE CAMP BUTION ES LIMITED SAAN, KOLKATA ial Se Tree Plantation করোনার ঘরে সাবধান রোগীর যত্ন নিতে হলে কী ভাবে চলা ভাল ? bm fro HER BG Use of Artificial Limb Callipers Health Check-ups Organised 43 JAI BALAJI INDUSTRIES LIMITED JR FREE DISTIBUTION OF ARTIFICIAL LES, CALLIPERS IN ASSE MAHABIR SEVAS KOLKATA ON SUNDAY, 15 2018 AT JB (UNIT, BANSKORA, DURGA R-12, PAS HIM BURD SOMI NERO COOR AT CAN HE JBG Free Distribution of Artificial Limbs JBG JAI BAJI IND RIES TED ЧО CHIP SCHOLARSHIP Scholarship for Young Generation#44Shareholding Pattern as on Dec'2023 JBG 1 a Share Holding Pattern 7% Sr No. Category of the Shareholders Promoter & Promoter group Individuals/Hindu undivided Family No. of shares held Holding (%) 1,05,13,323 b Bodies Corporate 8,57,90,723 7% 53% 37% Group Total 9,13,04,046 60% 2 Public a Foreign Portfolio Investors 41,19,839 3% 53% b Non-Institutions 6,00,26,401 37% 3% Group Total 6,41,46,240 40% Total Shareholding of the Company (1+2) 16,04,50,286 100% ■■Promoters Group Individuals/HUF ■Foreign Portfolio Investors 44 ■Promoters Group Bodies Corporate Public Group Non-Institutions#45Thank You Investor Relations Sana Kapoor Go India Advisors [email protected] M: +91 81465 50469 Tanya Verma Go India Advisors [email protected] M: +91 81465 50469 Sheetal Khanduja Go India Advisors [email protected] M: +91 97693 64166 Company Contact: Mr. RK Sharma - CFO [email protected] Mr. Ajay Tantia - CS [email protected] Mr. Vijay Bagri - President Finance [email protected]