#1TATA STEEL #WeAlso Make Tomorrow GROWTH WITH PURPOSE Corporate Presentation *** Q tir TEEL 8 0 TATA M#2TATA STEEL Safe harbour statement TATA Statements in this presentation describing the Company's performance may be "forward looking statements" within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company's operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors 2#3TATA STEEL Overview ■ TATA Integrated steel producer having ~35 MTPA steelmaking capacity with operations in India, Europe and Southeast Asia Key Consolidated financials of FY2023: Revenues EBITDA O PAT Rs.2,43,353 crores / US$30.3 billion : Rs.32,698 crores / US$4.1 billion : Rs.8,075 crores / US$1.0 billion India¹ 65% ■ Steelmaking capacity: ~21 MTPA of which Flats is around 16 MTPA and Longs is ~5 MTPA ☐ Product portfolio includes Flats (HR, CR, Galvanised, Coated), Longs (Wire Rods, Rebar), Wires and Tubes ■ Raw material linkage - 100% integration in Iron ore and ~15-20% integration in Coking coal ■ Market Capitalisation: Rs.1.41 trillion / US$17 billion² Constituent of: Nifty50, BSE Sensex and MSCI India ■ Credit Ratings: Europe 30% Southeast Asia S&P • Moody's BBB- Ba1 Positive Positive Note: 1. Tata Steel India (Tata Steel standalone and Tata Steel Long Products); 2. As on 18th August 5% ◉ Steelmaking capacity: ~12 MTPA at Netherlands & UK ☐ Product Portfolio includes Strip Products (HR, CR, Galvanised, Coated, Plated & Precision), Tubes, Electrical steel " Steelmaking capacity: 1.7 MTPA mostly in Thailand Product portfolio includes Rebars, Wires and Wire Rods, Semi-finished steel Steel deliveries in FY23, without eliminating intercompany transactions 3#4Focused on creating sustainable value TATA STEEL Leadership in India Consolidate position as global cost leader Leadership in Sustainability Leadership position in technology & digital Robust financial health Become future ready 4#5TATA STEEL Net Zero by 2045 Pursuing sustainability through multiple pathways Progress on Hydrogen usage Cleaner fuel i.e., Natural gas etc. Reducing ash in Coal Higher scrap charge Multilocation New smelting EAF technology Lower Alumina in Iron ore Higher Renewable energy use Initiatives Upscaling CCU pilots Partnering with Academia Nature based solutions - biomass etc. Note: CCU-Carbon Capture & Utilisation, EAF - Electric Arc Furnace, TSE - Tata Steel Europe Improving share of renewable energy TATA Scrap recycled at Rohtak plant, India 5#6TATA STEEL TATA Demonstrating transparency through enhanced sustainability disclosures Actively involved in development of global & national standards 2001 GRI 1st Sustainability report published based on GRI framework 2006 CDP 2016 <IR> 2022 1st CDP Climate reporting, expanded to supply chain in 2012 Voluntary shift from compliance to governance-based Integrated report Annual comprehensive ESG factsheet for all key group entities Adopted and reporting TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES Contribution to UN SDGs Sustainability champion since inception in 2018 २ Responsible Steel™ Sustainability CHAMPION worldsteel ASSOCIATION 2023 Actively involved in global developments CDP SUPPLIER ENGAGEMENT LEADER 2022 2023 BRSR 1st BRSR report covering 14 entities that make up 98% of Revenues ISSB Net Zero Steel Initiative T|N FID Taskforce on Nature-related Financial Disclosures Note: GRI- Global Reporting Initiative, BRSR Sustainability Standards Board (ISSB) - Business Responsibility and Sustainability Report, SDG - Sustainable Development Goals, CDP - Carbon Disclosure Project, ISSB - International CO 6#7TATA STEEL Progressing on decarbonisation journey in Netherlands and UK Programs underway to remain cost competitive UK operations Netherlands operations TATA High quality differentiated strip products for Auto, Construction, Packaging and General engineering ■ Discussions with government in relation to decarbonisation journey of operations Successfully derisked British Steel Pension Scheme (BSPS) with insurance buy-in over last few quarters Scrap charging in blast furnace and collaborating actively with technology partners for greener products across segments ■ Caters to Automotive, Construction, Consumer durables and General engineering segments ■ Committed to achieve 35 - 40% CO2 emission reduction by 2030 ■ Discussions with government and technology partners are already underway Programs such as Roadmap+ initiative to remain amongst most cost competitive sites in EU while becoming "green" and "clean" Note: UK United Kingdom, EU - European Union 7#8TATA STEEL Some milestones we are proud of 36 million tons of Iron ore mined 500+ kt slag used for road construction TATA 1st in India with Responsible Steel certification 1st in India to receive license for weather resistant steel Global Diversity, Equity & Inclusion lighthouse 100+ transgender employees onboarded TATA STEEL AASHIYANA Dream Click Build Rs 1,730 crores sales, >18% YoY growth Improvement savings of Rs 6,300+ crores 100+ new products developed 150+ patents filed and granted Consistent spend on R&D Fibre reinforced composites for Vande Bharat coaches Note: World Economic Forum recognised Tata Steel as Global Diversity, Equity & Inclusion lighthouse, R&D - Research and Development, Slag is a by-product in steel making process 8#9TATA STEEL Our strategy is pivoted around capitalizing on India growth story Investments set to drive sector leading returns 2x capacity growth in India by 2030 Dominant manufacturing base India Europe 2017 50% 65% 2030 TATA >75% 0.75 -21 TSK / MTPA 5 EAF TSM / NINL 5 TSK Ph 2 16 2023 Flats ~16 MTPA 40 NINL/ EAF Longs + ~5 MTPA ↓ Crude Steel ~21 MTPA 111 ~27 MTPA + ~13 MTPA 40 MTPA Upstream 36 MTPA Iron ore Tubes Wires Downstream 1 MTPA to 0.45 MTPA to ~60-65 MTPA DI Pipe Tinplate 0.38 MTPA 0.20 MTPA to to ~1 MTPA ~1 MTPA ~1 MTPA 9 2023 2030 ~4 MTPA Note: TSK Tata Steel Kalinganagar, EAF - Electric Arc Furnace, TSM - Tata Steel Meramandali, NINL - Neelachal Ispat Nigam Limited and DI - Ductile Iron#10TATA STEEL 5 MTPA expansion progressing at Kalinganagar Value added product mix to enable future ready portfolio The largest 'Blast furnace' in India 5,870 cubic metres Tata Steel Kalinganagar 5 MTPA expansion MM Future ready portfolio High Tensile steel to meet lightweighting & safety needs TATA P Advanced steel to serve Infra and Energy segments Eco-friendly design *1st in India ■ Top combustion stoves* → Optimal fuel consumption Dry gas cleaning plant Maximise energy recovery Evaporative cooling system* lower water intake ■ Top gas recovery turbine → Energy recovery 10#11TATA STEEL 5 MTPA expansion progressing at Kalinganagar TATA 2.2 MTPA CRM complex to drive product mix and Pellet plant to drive savings Tata Steel Kalinganagar 2.2 MTPA CRM complex ■ Volumes to consolidate leadership position in chosen segments & drive benefits of scale ■ 2.2 MTPA CRM complex to further the product portfolio, CAL & CGL lines work underway 6 MTPA pellet plant to drive cost savings and drive self sufficiency in pellets Note: CRM-Cold Rolling Mill, CAL - Continuous Annealing Line, CGL - Continuous Galvanising Line 11#12TATA STEEL Auto: Consolidate the position of "Preferred Steel Supplier" Increasing share of high-end products. TATA Leading market share and undertake wide ranging initiatives 。 Steady increase in volumes over time 。 Investment in new facilities to future ready product mix 4.2 3.8 3.3 FY21 FY22 FY23 Shift towards hi tensile steel o Deepen customer engagement to remain preferred partner 。 Advanced technical support leveraging technology 1st domestic supplier to do 'BIW' teardown Platform for real time supply chain visibility 12 Contract based sales and usually generates relatively higher NRs given product mix Note: BIW-Body in White#13TATA STEEL Retail: Capacity investments to drive high margin business Well placed to leverage pan India growth ■ Poised to double presence in retail segment driven by 。 Capacity growth - NINL ramped up well & EAF work underway 186kt TATA Serving Individual Homebuilders via Superbrand 'Tata Tiscon' 500K+ Consumers 3QFY23 4QFY23 1QFY24 ΤΑΤΑΓ TISCON JOY OF BUILDING 。 9,000+ dealers and digital platform Aashiyana TATA STEEL AASHIYANA Dream-Click-Build • Developing strong ecosystem to deliver superior experience Neelachal Ispat Nigam Limited has ramped up well (Near Kalinganagar plant, Odisha) 8,000+ Pin codes 30,000+ Influencers Note: EAF - Electric Arc Furnace, Influencers refers to Architect, Contractors & Engineers 13#14TATA STEEL Downstream: Value added growth for product mix enrichment Tubes, Wires, Tinplate and Ductile Iron Pipe TATA Tubes Wires Tinplate Ductile Iron Pipes Wide product portfolio incl. HAR & ERW tubes TATA STRUCTURA STRUCTURAL SECTIONS Our LRPC strands are widely used in India Application in growing packaging industry Tata Ductura, transportation of water and other uses THE SHAPE OF THINGS TO COME ΤΑΤΑ PIPES ΤΑΤΑ EZY FIT ΤΑΤΑ DUCTURA Leading manufacturer of pipes and tubes 80% share of business in bullet train projects Market leadership in domestic tinplate industry Increasing share of Ductile Iron Pipe of total deliveries Note: HAR - High Aspect Ratio, ERW - Electrical Resistance Welded, LRPC - Low Relaxation Pre-stressed steel strands 14#15TATA STEEL Focused on staying cost competitive through business cycles Cost improvement initiatives to optimise cash flows 5-year cost savings at Tata Steel India¹ TATA 3,556 FY19 6,545 5,369 5,463 FY20 FY21 FY22 In Rs crores 6,309 Scaling up Iron ore mining capacity in India 6 MTPA pellet plant commissioned at Tata Steel Kalinganagar FY23 Conversion cost per ton of deliveries Conversion cost per ton CPI Headline (%, YoY) 7% 23,373 3% 22,491 FY19 FY20 FY21 FY22 FY23 Note: 1 India incl. Tata Steel Standalone and Tata Steel Long Products, CPI - Consumer Price Index Improving logistics - Slurry pipeline, Inland waterways 15#16TATA STEEL SMS SIEMAG SMS group SIEMA Value accretive consolidation with multiple benefits TATA STEEL Unlisted Tata Steel Mining (TSML) ΤΑΤΑ Listed S&T Mining Indian Steel & Wire Products TSLP TCIL Swap ratio 6.7 Swap ratio 3.3 Tata Metalliks Swap ratio 7.9 TRF Ltd. Swap ratio 1.7 Filing of scheme with Stock Exchanges (Reg. 37) Filing of 1st motion application with National Company Law Tribunal (NCLT) ISWP TRF TCIL TML No objection letter from Stock Exchanges Order of NCLT on first motion application Shareholders meetings and creditor meetings (if any) S&T TSLP Final order of NCLT TSML Filing of the second motion application with NCLT Filing with Registrar to make scheme effective Note: TSLP-Tata Steel Long Products, TCIL - Tinplate Company of India Ltd, S&T Mining - JV between SAIL & Tata Steel, Swap ratio is number of Tata Steel's shares offered in exchange for one share of merging entity 16#17TATA STEEL Digital ecosystem to empower business Enable cultural readiness WORLD ECONOMIC FORUM Three assets recognized as 4IR Lighthouse CFE STATUS CFE-1 TSK POWER SYSTEM CRITICAL PARAMETERS MRSS CFE-2 0.00 RSC STATE 0.00 GECET 133.87 M 505 CFE-1 CFE-2 MAUS B CFE-1 O CFE-2 Tata Plot Load 430 BSS SMS CFE-1 CFE-2 LOSS-SP CFE-1 161 CFE-2 4431 00 LESS-CP CFE-1 " 642 CFE-2 HSM 02 CFE-1 O CFE-2 HSM 05 CFE-1 134.64 49.37 CFE-2 OPTCL CFE-1 CFE-2 CPP-TABB CFE-1 CFE-2 118.93 CPP- EMERSON SCADA Digital ready culture Digital leader in Global steel Digitally enabled savings Connected operations >$1 bn business value potential created in last 5 years 200+ machine learning models developed 99.99% System availability Note: 4IR Fourth Industrial Revolution Connected assets TATA nvu 50 Connected workforce 17#18TATA STEEL Tata Steel Consolidated Financial Highlights Production (mn tons) Revenues (Rs Crores) 28.54 31.03 30.65 1,56,477 FY21 FY22 FY23 FY21 8,190 FY21 PAT (Rs Crores) 41,749 FY22 8,075 FY23 2,43,959 2,43,353 30,892 FY23 FY21 FY22 Diluted Earnings per share (Rs.) 6.4 FY21 33.2 FY22 7.2 FY23 2.5 EBITDA (Rs Crores) 63,830 FY22 TATA 32,698 FY23 Dividend per share (Rs.) FY21 Note: Figures for previous periods have been regrouped and reclassified to conform to classification of current period, where necessary, Dividend per ordinary share of Face Value Rs 1/- 5.1 3.6 FY22 FY23 18#19TATA STEEL Key financial metrices EBITDA Margin (%) 1 EBITDA /ton (Rs.)1 18.9% 12.2% 19.8% 26.2% 13.4% Interest Coverage Ratio (x) 1.2 11.7 21,626 11,358 5.2 11,110 8,503 10,838 3.9 4.1 3.4 6,267 10.3% 2.4 TATA Gross & Net Debt (Rs. crore) 1,16,328 1,00,816 88,501 90,440 1,04,779 84,893 75,561 94,879 75,389 67,810 71,397 51,049 -Net -Gross FY 19 FY 21 FY 20 FY22 FY23 1QFY24 FY19 FY20 FY21 FY22 FY23 1QFY24 FY19 FY20 FY21 FY22 FY23 1QFY24 FY19 FY20 FY21 FY22 FY23 1QFY24 Net Debt/EBITDA (x) Net Debt/Equity (x) Credit Rating Investment Grade 5.91 3.19 2.44 2.92 2.07 0.80 FY19 FY20 FY21 FY22 FY23 1QFY24 1.42 1.43 0.98 BBB-/ Baa3 BB+/ Ba1 S&P Moody's BB/ Ba2 BB-/ Ba3 0.69 B+/ B1 0.61 0.52 FY19 FY20 FY21 FY22 FY23 1QFY24 MOODY'S INVESTORS SERVICE B/ B2 Current Rating Outlook Ba1 Positive Last review July 2022 B-/ B3 FY19 FY20 S&P Global Ratings: BBB- Positive May 2022 FY21 FY22 Note: All data is on consolidated basis; 1. FY20 and FY21 incl. Southeast Asia Operations which is reclassified as continuing operations; 2. Interest Coverage Ratio: EBITDA / Interest FY23 1QFY24 19#20TATA STEEL Our efforts are recognized globally and nationally TSL and TSE recognized as 'Sustainability Champions' by Worldsteel (6th time in a row) TM Jamshedpur is the first site in India to receive Responsible the Responsible Steel standards & certification Steel™ certification TATA dun & bradstreet Named top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022 Best Workplaces™ in Manufacturing Great Place To WorkⓇ INDIA 2023 Great Place to Work Certified organisation in India for 2023 for the 6th time Recognised as Global Diversity Equity & Inclusion Lighthouse 2023, for efforts to improve gender diversity at workplace CDP SUPPLIER ENGAGEMENT LEADER 2022 Recognised as 'Supplier Engagement Leader' for efforts in measuring and reducing environmental risks across supply chain 1st Winner of "Excellence in 3R (Reduce-Reuse-Recycle)" by CII Note: CII - Confederation of Indian Industry Jamshedpur Steel Plant recognised as Advanced 4th Industrial Revolution Lighthouse Received worldsteel's Safety and Health Excellence Recognition for 2022 20