#1Investor Presentation January 2022 DIA JINDAL STEEL & POWER#2Disclaimer JINDAL STEEL & POWER This presentation may contain certain forward looking statements concerning Steel sector, Economy and 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. Estimates regarding economy, steel & power sector, company and related areas are purely indicative and could change with market conditions and host of other factors.#3Section 1: Introducing Jindal Steel and Power ("JSP")#4JINDAL STEEL & POWER JSP at a glance US$4.5bn FY21 Revenue US$3.2bn 1H22 Revenue c. 27% Revenue growth from FY20 to FY21 Achieved 0.5x 1H22 Net debt / LTM EBITDA already US$1,758mn FY21 EBITDA (1) US$1,218mn 1H22 EBITDA c. 126% EBITDA growth from FY20 to FY21 US$766mn FY21 Cash Balance (2) US$500m n 1H22 Cash Balance Well defined liquidity policy (aims to maintain c. US$ 300mn cash) JSP aims to be net debt free by FY23 $ 0.9x FY21 Net debt/ EBITDA 0.5x 1H22 Net debt/ LTM EBITDA Net debt reduced by c. 41% from FY20 to 1H22 c. 64% reduction in net debt since FY18 on consolidated basis U.S.$1.00 = 74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021. All numbers are on standalone basis, unless stated otherwise (1) EBITDA is calculated as profit/(loss) for the year/period + net finance income (expenses) +(-) depreciation and amortization expenses +(-) income tax and social contributions + exceptional items - other income (2) Cash Balance = Cash and cash equivalents + Bank balances#5JINDAL STEEL & POWER JSP An Infrastructure Steel Company - Making in India - Producing for the World ■Fourth largest company in the iron and steel sector in India in terms of crude steel capacity in FY 2021 ■ Goal of reducing carbon emissions below 2TCO2/TCS by 2030 ■1 of only 2 suppliers (sole private producer) of rails in India Operates India's most advanced plate mill capable of producing up to 5-meter wide plates - the widest built in India Extensive sales and distribution network with exports to over 30 countries. ■FY21 saw increase in exports by c. 225% JINDAL STEEL & POWER ■Captive iron ore, linkage and preemption ensuring iron ore security ■Strategically located assets in resource-rich regions - fully integrated operations in India supported by iron ore and coal mines in Africa and Australia Sources: Company filings, JPC Indian Steel ■Diversified products portfolio with 66% high-value added products 100 ■Diversified customer base with top 10 customers constituting only 10.4% of sales in FY21 LO 5#6JINDAL STEEL & POWER JSP: Progress & Promise JSP today JSP 2.0 KG 9.6 MTPA capacity as of Nov'21 Plants based in iron ore rich region + iron ore Diversified product mix (long + flat) Focus across preemption + coking coal 50% hedged geographies on both steel and power Ample cash balance (~USD 500mn as of 1H22) Raw Scale material security Product Mix Focus Liquidity management 15.9 MTPA capacity Iron ore security greater than 50% hedged on coking coal Most diversified product mix with HRC and other products Vibrant steel player catering to domestic and international markets Well defined liquidity policy (aims to maintain ~ US$ 300mn cash) U.S.$1.00 = *74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021. All numbers are on standalone basis, unless stated otherwise Source: Company's website 6#7Section 2: Industry Outlook#8JINDAL STEEL & POWER Focused on Leading India's Growth Story (million tonnes) 160.0 140.0 120.0 7.9% 3.1% 100.0 80.0 60.0 40.0 3.0% CAGR Indian Steel Demand Forecast 8.8% 1.4% -6.0% 15-17% 4.6% 6-6.5% CAGR 30% 20% 6-6.5% 10% 0% (10%) (20%) 135.0 (30%) FY26P 20.0 84.0 90.7 98.7 100.2 94.1 105.4 0.0 FY17 FY18 FY19 FY20 FY21 Steel consumption FY22P Objective 112.3 FY23P Y-o-Y Growth (RHS) A healthy 6-6.5% growth in India's steel demand is expected in the long-term Housing For All PMAY-U (11.2 mn houses to be constructed); PMAY-G (29.5 mn houses constructed till 2023-24) Long term drivers intact Bharatmala Bharatmala Pariyojana of 65,000 kms with total outlay of 6.9 trillion Sagarmala Rs. 8.5 trillion for port modernization through >577 projects during 2015-2035 Freight Corridor Rs 815 billion planned construction capex in 2 freight corridors (3,360 km) Status PMAY-U: 4.05 mn houses constructed (up till Dec 20) PMAY-G: 12.4 mn houses constructed till Dec 2020 ~10,237 km of roads constructed in FY20 against 10,855 km in FY19, Phase 2 likely to be completed by FY25 As of Sept 19, 121 projects completed and 210 projects under implementation As of Sep 2020, ~physical & financial progress of 63% & 61% achieved under EDFC and WFC respectively; ~98% of land is acquired Potential Steel Demand for entire project 50-60 MT Source: CRISIL report, Research reports and public domain information 18-20 MT 13-15 MT 6-7 MT 8#9JINDAL STEEL & POWER Expansions Scale-up in Standalone operations Resilience in sales mix for JSP Improving Realizations and Demand Triggering ■ Production ■Sales (MT) 7.5 7.3 First Monsoon 8,00,000 I Wave rains 6.3 6.1 7,00,000 5.6 5.4 6,00,000 5,00,000 4,00,000 3,00,000 28% 2,00,000 1,00,000 11% 10% 24% 72% 42% FY19 FY20 FY21 Source: CRISIL report, Research reports and public domain information Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 ■Export ■Domestic 21% 79% 14% 86% 12% 88% 74% Second Wave Monsoon I rains Indian Steel expected to post double-digit growth The Indian steel sector is slated to post double-digit demand growth of 15-17% in fiscal 2022 after dropping by 6% in fiscal 2021 With respect to steel end use segments, the double-digit recovery expected in FY22 is to be driven by 16-18% rise from infra, healthy rise in housing led by real estate construction and 12-15% increase in auto production Dec-20 Jan-21 Feb-21 38% Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 9 76% 15% 85%#10T Section 3: Key Credit Highlights#11JINDAL STEEL & POWER JSP: A continuously improving credit ■ Raw material security ■ Presence in resource rich regions ■ Superior connectivity Well-positioned to capitalize on marquee customer base as well as retail customers ■ Stable cash flows ■ Strengthened financials in the past few years Long track record in the steel business and considerable technical expertise Strategically located integrated operations Favourable and flexible product mix Diverse customer mix Operational excellence Robust financial profile Prudent financial policy Experienced Management ■ Favourable & flexible product mix Presence across the steel value chain ■ Focus on export sales Higher profitability ■ Superior EBITDA margin and optimal capacity utilization ■ Focus on strong balance sheet and liquidity position 11#12JINDAL STEEL & POWER 1 Strategically located integrated operations with raw material security Presence in resource rich regions with superior connectivity Pellet Plant Iron ore mine Tamnar Chhattisgarh Raigarh CPP Steel plant Patratu Jharkhand Barbil Tensa Kasia Angul Odisha Vizag Port(1) Mozambique Dhamra Port Gopalpur Port Coking coal requirements for Raigarh and Angul are sourced from captive mines in Mozambique and Australia Paradip Port Port Key Assets Located in Vicinity of Critical Infrastructural Assets - Logistically well connected through ports, national road highways and major rail networks, which act as distribution enablers. Raw Material Security - Steel plants in iron ore rich regions and power plants near steel plants - JSP's captive iron ore mines meet -60% of its total iron ore requirement - The company also has Odisha based plant with iron ore pre-emption - JSP is one of the most backward integrated companies in terms of coking coal Australia and Mozambique mines to provide -50% of the coking coal requirements for JSP's operations. Iron Ore Production Tensa Kasia 3.11 MTPA 7.50 MTPA Coking Coal Production Australia 1.2 MTPA Australia Mozambique 1.2 MTPA Note: Vizag Port is in the state of Andhra Pradesh, but has been represented as shown above to illustrate proximity Source: https://www.dailypioneer.com/2019/state-editions/JSP---s-barbil-pellet-plant-achieves-rare-production-feat.html https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jindal-steels-pellet-plant-clocks-record-annual-production/articleshow/69061528.cms?from=mdr 12#13JINDAL STEEL & POWER 2 Favourable and flexible product mix to stay attuned to macro megatrends Focus on export sales and right product mix JSP is not only a leading supplier to infrastructure-linked sectors with leading steel demand domestically... ... but has also successfully pivoted to focus on increasing exports when domestic demand was soft 3% 5% 4% 13% FY21 Total revenue USD4.5bn 75% ■Infrastructure & Construction ■Capital Goods ■General Engineering ■Railways ■ Automotive JSP's total exports (in MT) 0.8 0.4 FY19 FY20 225% incr 2.5 FY21 66% of JSP's sales derived from high-margin value added products... ... and company proactively manages its product mix to align with the demands of the broader market ■Base Grade ■ Value Added ■Flats Longs 62% 62% 66% 67.0% 69.3% 72.7% 38% 38% 34% 33.0% 30.7% 27.3% FY19 FY20 FY21 FY19 FY20 FY21 13#14JINDAL STEEL & POWER 3 Well-positioned to capitalize on marquee customer base Key supplier to multiple well-respected institutions across the country... Presence across 450 districts, with 3,000+ dealers has resulted in a portfolio of marquee clients Preferred Indian supplier of Rails (Including Specialty Rails) to Indian Railways and its controlled entities including Dedicated Freight Corridor Corporation of India Limited (DFCCIL) and metro projects Indigenous supplier of plates to defence for various Applications - Special plates Quench and tempered, Shot blasted and Primer Plates yet no customer concentration in its sales mix ensures the bargaining power remains with JSP (FY21) Institutional 53% Retail 12% Domestic 65% Export 35% Institutional 35% Export sales accounted for c. 35% of the total revenues for FY21 ■Approved supplier empaneled with respectable institutions like Caterpillar, Komatsu, Tata Hitachi, METSO JSP High Strength Steel Customized Plates supplied for marquee bridge projects <6% Contribution of Top 2 customers in FY21 Revenues <11% Contribution of Top 10 customers in FY21 Revenues 14#15JINDAL STEEL & POWER 4 Operational excellence translating into higher profitability Superior EBITDA margin and optimal capacity utilization Demonstrating resilience in COVID period EBITDA/t(1) (USD/t) metric EBITDA margin (%) FY19 FY20 FY21 1H21 1H22 JSP 22% 22% 39% 30% 38% 326 350 300 250 200 150 150 128 100 50 0 FY19 Sales volume ('000 tonnes) FY20 T I I I 241 I I FY21 786 First Wave. 711 685 Second Wave 751 706 669 641 640 576 605 600 565 581 547 559 1554 500 344 Apr 20 May 20 Jun'20 Jul 20 Aug 20 Sep'20 Oct 20 Nov 20 Dec'20 Jan'21 Feb'21 Mar 21 Apr 21 May 21 Jun 21 Jul 21 Aug'21 Sep'21 Q1 Q2 Q3 Q4 1Q22 2Q22 I I 165 1H21 Capacity utilization (%) ■Raigarh Angul 1H22 87% 89% 83% 81% 74% 68% 55% 45% FY19 Source: Company Data; U.S.$1.00 = 74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021 Notes: 1 Derived by dividing EBITDA / Adjusted EBITDA by steel sales 91% 80% FY20 FY21 1H21 1H22 15#16JINDAL STEEL & POWER 5 Robust financial profile and stable cash flows JSP Standalone financials have strengthened in the past few years Revenue (USD bn) EBITDA² & EBITDA Margin (USD mn, %) ---- Steel ¡Production 5.59 MT 6.30 MT c.27% increase 7.51 MT 3.50 MT 3.94 MT I EBITDA Margin 22% 22% c.126% increase 39% 30% Best-in-class profitability 38% 4.5 3.7 3.5 1,758 3.2 810 778 1.9 1,218 I I 574 I FY19 FY20 FY21 1H21 1H22 FY19 FY20 FY21 1H21 1H22 Free Operating Cash Flow 3 (USD mn) I I I I I I I 1,212 I I 845 861 I I I 343 I FY19 FY20 FY21 1,075 1H21 1H22 3Free operating cash flow = cash flow from operations - capex; U.S.$1.00=74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021 All numbers are on standalone basis, unless stated otherwise Net debt/ EBITDA Net debt (USD mn) 3.3x 2.8x 0.9x 2639 2198 FY19 FY20 1572 | J I I J I 2158 Note: 'Revenue from operations; Steel Production shown is only for India operations and includes Pig Iron; 2 EBITDA is calculated as profit/(loss) for the year/period + net finance income (expenses) +(-) depreciation and amortization expenses +(-) income tax and social contributions + exceptional items - other income FY21 0.5x 1295 1H21 1H22 16#17JINDAL STEEL & POWER 6 Prudent financial policy focused on proactive leverage management and strong liquidity position Evolution of JSP's historical leverage over the years 6.0x Consol Gross Debt/EBITDA 5.4x 5.3x Consol Net Debt/EBITDA Prepayment of INR 90cr (USD12.75mn) in Oct 2020. Facility cancellation of USD 76.8mn in Sep-Nov 2020 Standalone net debt/ EBITDA 4.7x 5.0x 4.7x 4.0x 3.3x 2.8x 3.0x 2.0x 1.0x 0.0x Liquidity Policy FY'19 FY'20 ■JSP aims to maintain US$ 300mn cash at all times ■ JSP has unutilized CC limit available ■Regularly monitoring cash blockage through ToC concepts (ToC sessions conducted every Saturday by external agency and attended by CFO) Source: Company filings U.S.$1.00 = *74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021 2020 consolidated numbers are reinstated numbers (1) Cash Balance includes Cash and cash equivalents + Bank balances 0.9x 2.0x 5x Divestments of JPL and JSIS Oman accelerate deleveraging 1.1x FY'21 Cash Balances (1) (US$mm) 0.5x 1H22 766 500 14 69 FY19 FY20 FY21 1H22 17#18Management Board of Directors JINDAL STEEL & POWER 7 Experienced board of directors and best in class management Naveen Jindal Chairman • President - Flag Foundation of India Qualification: MBA (University of Texas) Shallu Jindal Director ex-Chairperson of the National Bal Bhavan ⚫ Founder President of Young FICCI Ladies Organisation Shivani Wazir Pasrich Independent Director • à Actor, activist Founder of the Commonwealth Cultural Forum Kanika Agnihotri Independent Director Managing Partner - SKV Associates ⚫ LLB Bhaskar Chatterjee Independent Director Former IAS officer Post graduate in History, M.Phil, M.B.A., Ph.D. & LLB Anil Wadhwa Independent Director • Member of IFS ⚫ Former Indian Ambassador and permanent Representative to FAO, IFAD, WFP UNESCAP VR Sharma Managing Director Experience: >36 years. Qualification:. Mech. Engineering, MBA (marketing) Dinesh Saraogi Chief Operating Officer - Chhattisgarh Operations, JSP • Qualification: Mechanical Engineering Sunjay Kapur Independent Director • Chairman - SONA Comstar Ltd. Member of CII VR Sharma MD-JSP Experience: >36 years Vijaya Gupta Acting CFO JSP • Experience: c. 20 years JSP derives its strength from its promoters' and management's long track record in the steel business, considerable technical expertise and commercial acumen garnered through several cycles 18#19Section 4: Future Plans#20JINDAL STEEL & POWER Capacity Ramp up plan: Steel & Pellets Planned Expansion: Steel capacity up 66% and Pellet by 133% Capacity Expansion 1 MTPA 9.6 Angul Phase II (3.3 MTPA BOF) 12.9 3.3 Angul Phase II (3 MTPA EAF) 15.9 6.3 8.6 Crude Steel Capacity 6.0 6.0 6.0 (MTPA) 5.0 3.6 3.6 3.6 3.6 FY21[A] FY22[P] ■Raigarh ■Angul Phase I FY24[P] ■Angul Phase II FY25[P] Pellet Capacity (MTPA) 9.0 9.0 Source: Company's website Angul Phase-II (6 МТРА) 21.0 Angul Phase-II (6 MTPA) 15.0 6.0 9.0 12.0 9.0 FY21[A] FY23[P] FY24[P] ■Barbil ■ Angul 20 20#21JINDAL STEEL & POWER Major projects' timeline Angul Phase II: Disciplined capex approach over next 5 years FY22 Angul Pellet Plant #1: 6MTPA FY23 Angul Pellet Plant #2: 6MTPA Slurry Pipeline HSM Phase #1: 3MTPA HSM Phase #2 Expand to 5.5 MTPA FY24 & onwards Expected COD Sep 22 Sep 23 Sep 23 Feb 23 Sep 23 Blast Furnace #2: 4.25 MTPA Dec 23 Angul BOF #2: 3.3 MTPA Dec 23 DRI #2: 2.7 MTPA Angul EAF #2 : 3 MTPA Feb 25 Feb 25 Oxygen plant, Coke oven, RMHS Sep 23 Margin Expansion Projects (Total capex: USD 888 mn) Capacity Expansion Projects (Total capex: USD 1,532 mn) Expansion Capex (USD Mn) 322 FY22 (P) 632 578 551 FY23 (P) FY24 (P) FY25 (P) 336 FY26 (P) & FY27 (P) U.S.$1.00 = 74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021. On the back of strong cash flows, JSP Group has announced a round of growth capex to propel its steel capacity from 9.6MT to 15.9MT (+66%) through brownfield expansion ■The 6.3MT expansion is proposed at a modest capex of c. US$400/t, among the lowest in the industry, driven by its Blast Furnace and Electric Arc Furnace ■The expansion also includes investment in cost saving projects like pellet plant, slurry pipeline, etc. The projects, which are expected to increase steel capacity by 66% and pellet by 133%, will be commissioned in a modular fashion from Sep 2022 to Feb 2025, thereby largely self-funding the cash flow needed for the capex 24 21#22Section 5: ESG Update#23JINDAL STEEL & POWER Steadfast commitment to the community JINDAL STEEL & POWER " Environment Adopted goal of reducing carbon emissions below 2TCO2/TCS by 2030 The company is in process of divestment of Jindal Power Limited, coal fired power plant Reduce road/rail transport and hence diesel consumption by way of - Slurry pipeline ■ Pellet plant To make operations more carbon-efficient, installation of Top Pressure Recovery Turbine (TRT) at the Blast Furnace ■ Waste Heat recovery boilers for power generation ■ Modification of Electric Arc Furnace to Neo-Oxy furnace Installing a vertical DRI (as against horizontal DRI) to consume waste gas from Coke oven Social Lifesaving liquid Medical Oxygen continuously supplied across the country through Cryogenic Tankers and Oxygen Express ■ In fiscal year 2020, our Company contributed INR250 million contributed to PM CARES Fund and INR20 million to Chhattisgarh Chief Minister Relief Fund for COVID-19 ■ Established a COVID-19 vaccination Centre ("CVC") that covers all employees and family members as per the Government notification for different categories ■ Regular and periodic screening of employees, workforce and community are being carried out to address the containment of the pandemic. ■ The Company is providing free COVID-19 testing in all villages around the periphery of our plants Governance ■ Maintain highest standards of corporate governance with 5 out of 9 board members being independent High Female representation in the Board in India steel industry ■ JSP endorses diversity with Board members having distinguished careers across various sectors (financial, operations, marketing, administration, Social, Environment, arts etc.) Focus on building a long term sustainable business with JSP constituting a Health, Safety, Corporate Social Responsibility and Environment Committee " IIII 23 23#24PRG. NO: 104/82475 SL. No.-fo EM-4 No-104/71905 0 Section 6: Roadmap for the Future#25JINDAL STEEL & POWER JSP's key focus areas JINDAL STEEL & POWER 01 02 K 03 04 05 GO High Return on Capital Employed Strong FCF Generation & faster payback Sustainable Growth Sustainability of operations remains at the heart of all project considerations Make In India Expand India's manufacturing prowess and capitalize on strong demand tailwind Steel Focus Incremental Capex to be spent on core Steel Business Strong Balance Sheet <1.5x net debt / EBITDA across all cycles + Strong Liquidity 25 55#26Appendix DIA#27JINDAL STEEL & POWER Jindal Power Limited divestment will help the company go green Process for divestment of JPL is on track and committed towards transparent value unlocking for JSP A competitive bidding process to realize the highest value possible from the JPL stake sale, using the Revised Offer of USD 1,007 mn as the base offer The transparent bidding process was advertised in the public domain and presented an equal opportunity for interested bidders from around the world to come forward and improve or better the present Revised Offer of USD 1,007 mn. Bidding process is now completed The move is a part of the group's commitment to its primary goal of value maximization from the JPL divestment and protecting the interests of all its stakeholders, including its minority shareholders The competitive bid process for the proposed sale of Equity Shares and RPS would be undertaken by the Company through Grant Thornton Advisory Pvt. Ltd., the process advisor for the bid process. The details of the bid process will be advertised and made available in the public domain Original Proposal from WorldOne Revised Proposal Equity USD 408 mn payable in cash for equity USD 408 mn payable in cash c. USD 599 mn by takeover of liabilities of JSP w.r.t ICDs & advances Debt Additionally USD 898 mn debt also moves out of JSP consolidated balance sheet ■ JSP to become pure-play India steel story where capacity expansion can be funded with the operating cash flows ■ In the revised structure international operations complement the domestic business with critical coal supplies and hence part of the strategic focus. This has achieved fruition from commitment to actuality in less than a year ■ WCL and JMML to provide 50% of the coking coal requirements for JSP's operations thus making it appropriately hedged private steel player in coking coal supplies in India 27#28JINDAL STEEL & POWER India: Superior performance by technology- enabled plants Plant (Location/Capacity) Technological Specifications Product Mix Angul Steel Plant (Odisha / 5.0 MTPA for SMS) 3.25 MTPA blast furnace, one of the largest in India. One of the largest 5 MTPA sinter plants 1.2 MTPA plate mill that produces plates of up to 5 meters in width 1.5 MTPA bar mill that produces a wide range of the Jindal Panther branded TMT rebars 6.5 MTPA coal washery, 2 x 500 TPD lime and dolomite plant • Plate, TMT, Billet Iron ore from captive mine in Kasia (Odisha), Tensa (Odisha) and open market Pellet from Barbil plant . Raw Materials Sourcing • Coking coal sourced from Australia, Mozambique mine and merchant mining groups . 810 MW captive power plant Power/Coal Preparation • Coal washery (6.5 MTPA) FY21 Utilization ° 73.6% (SMS) • Raigarh Steel Plant (Chhattisgarh / 3.6 MTPA for SMS) Blast furnace (3.05 MTPA) 1.32 MTPA DRI plant the world's largest coal-based sponge iron manufacturing facility Head-hardened rail manufacturing facility that produces up to 121m long rail pieces State-of-the-art plate mill (1.0 MTPA) Medium and light structural mill (0.6 MTPA) Modern rail and universal beam mill (0.75 MTPA) Rail, Structures, Plates, HRC, Bloom, Billet, Rounds Iron ore from captive mine in Kasia (Odisha), Tensa (Odisha) and open market Pellet from Barbil plant Coking coal sourced from Australia, Mozambique mine and merchant mining groups 284 MW coal and waste heat captive power plant 540 MW coal captive power plant at Dongamauha 88.7% (SMS) Plant (Location) Technological Specifications Product Mix Raw Materials Sourcing Power/Coal Preparation • FY21 Utilization • Barbil (Odisha/9.0 MTPA) 4.50MTPA dry-grinding and 4.50MTPA wet-grinding palletisation unit • Barbil Plant has emerged as pellet exporter in recent years • 9 MTPA Pelletization complex • Pellet • Iron ore from captive mine in Kasia (Odisha), Tensa (Odisha), and open markets Maximum sourced from 810MW captive power plant; remaining sourced from grid 80.8% Patratu (Jharkhand / 0.6 MTPA for WR and 1.0 MTPA for TMT) Finished steel installed capacity of 1.6 MTPA, including a 1 MTPA bar mill and a 0.6 MTPA wire rod mill TMT, Wire Rod Billet for WRM and TMT from Angul and Raigarh Plant Entire power requirements from DVC - Damodar Valley Corporation 72.6% (WR), 21.1% (TMT) 28#29JINDAL STEEL & POWER JSP has adeptly navigated the challenges brought on by the COVID-19 pandemic One of the highest cash generating producers in the Indian steel industry High Cash Generation Product Mix Primed for Success JSP's product mix is more focused on longs than flats. With limited impact on the government spending committed to India's infra sector, JSP has seen a boom in demand as one of the leading longs producers in the country JSP offered a flexible product mix that catered to its new clientele, and ensured that Flexible Product Mix operations remained JINDAL unaffected across the period STEEL & POWER Decisive Response to COVID-19 Crisis Management was able to swiftly change the book orders to focus on export markets across the MENA, SEA, and China which were able to absorb the products Nimble Management & New Channel of Sales Minimal Disruptions to Operations Despite Lockdown Strict compliance with Government regulations resulted in minimal impact on production An "Essential" government designation coupled with a shift to export markets led to minimal disruption to operations - in fact, sales increased during the period Best ever performance in terms of EBITDA achieved during COVID. FY21 the best year ever despite the devastating COVID impact 29 29#30JINDAL STEEL & POWER Africa Global Footprint - Providing raw material security Australia South Africa ■Own and operate an underground anthracite coal mine located in Kiepersol, South Africa through step-down subsidiary Jindal Mining SA (Pty) Limited ■ Anthracite coal mine, the Kiepersol Project, produces high grade Anthracite Coal (max. 1.2 MTPA) ■ Private railway siding enables the mine to dispatch orders directly to customers and to shipping ports for export Mozambique ■ Open cast coking coal mine in Chirodzi ■The mining area is under a lease period valid until 2035 ■ According to a third party report from 2012, the mine has resources of approximately 1,708.65 MT, with a mine reserve life of approximately 15 years ■The current capacity of the mine is 5 MTPA Russell Vale Mines ■The mining approval from NSW Department of Planning, Industry and Environment (DPIE) and the Independent Planning Commission (IPC) was received in Dec'20 and the company received clearances for extraction of 3.7MT of coal over five years from Russell Vale mine. The company commenced mining in September 2021 30 50#31Thank you! DIA JINDAL STEEL & POWER