#1JSW Steel Innovation Is Always Around Corporate Presentation May 2023 5#2Forward Looking and Cautionary Statement JŚW SW Steel Certain statements in this report 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 these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition within Steel industry including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, our ability to commission mines within contemplated time and costs, our ability to raise the finance within time and cost client concentration, restrictions on immigration, our ability to manage our internal operations, reduced demand for steel, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which the Company has made strategic investments, withdrawal of fiscal/governmental incentives, impact of regulatory measures, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward looking statements that may be made from time to time by or on behalf of the company. JSW Steel Corporate Presentation: May 2023 2#3Agenda eer 4000000 SW Stad JSW Steel Corporate Presentation: May 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 4 7 12 36 41 3#4Agenda "6 We are proud to be recognised as worldsteel Sustainability Champions demonstrating our commitment towards sustainability and being better Sustainability Overview Sustainably JSW Steel Limited worldsteel.org everyday. Sajjan Jindal " Chairman and Managing Director JSW Steel Limited Sustainability CHAMPION worldsteel ASSOCIATION 2023 Key Investment Highlights Digitalisation at JSW Steel Appendix JSW Steel Corporate Presentation: May 2023 JŚW SW Steel 4#5Sustainability at JSW Steel ESG Focus Areas JSW Steel Driving Sustainability Initiatives Across Platforms CDP DISCLOSURE INSIGHT ACTION A LIST 2022 CLIMATE Sustainability CHAMPION worldsteel 2023 WE SUPPORT UN GLOBAL 337 COMPACT Environment Social A Climate change Energy Resources Indigenous people Cultural Employee heritage wellbeing T Water resources Waste Waste Water Local considerations Social sustainability CLIMATE GROUP Air emissions Biodiversity Sustainable mining Governance EV100+ Supply chain sustainability Business ethics Human rights TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES Better today IH2A INDIA HYDROGEN ALLIANCE wbcsd Integrated Reporting SW Steel Responsible Steel standards Icertification Sustainable Steel for a Better Every day ESG Databook 2022 ESG Databook Aligned to National & International Frameworks IFC International Finance Corporation WORLD BANK GROUP ISO Creating Markets, Creating Opportunities ON BUSINESS SUSTAINABLE DEVELOPMENT UNITED NATIONS GOALS GUIDING PRINCIPLES & HUMAN RIGHTS »OECD Stronger tomorrow. Sustainable Steel for a Better Everyday ON RESPONSIBLE NATIONAL GUIDELINES BUSINESS CONDUCT FY 2020 FY 2021 FY 2022 Click on images for reading online Governance & Oversight By Board-level Business Responsibility And Sustainability Committee JSW Steel Corporate Presentation: May 2023 5#6SW Steel Climate Change: Emission Target and Initiatives Planned/ Potential initiatives to reduce CO2 intensity Derivation of carbon emission target for 2030 3.0 Energy Transition from thermal to Renewable in steel making 2.5 | 2.0 Reduction of Coke rate through iron ore beneficiation, PCI, use of natural gas and hydrogen in BF and DRI 1.5 Increased use of scrap in steel making 1.0 India NDC target 2.40 as per Paris Accord 1.95 JSW Steel target 2016 2017 2018 2019 2020 2021 2022 2023 2025 2030 2035 2040 2045 2050 JSW emissions intensity (historical) JSW emissions intensity (projected) IEA SDS scenario for Indian steel Implementation of Best Available Technologies (BATS) Process Improvements based on the world steel 'step up' global benchmarking process Scaling up Carbon Capture & Use (CCU) The Sustainable Development Scenario (SDS) (1) requires direct emission intensity of crude steel production in India to fall over 60% by 2050 on the path to net zero by 2070 • The 2030 target is based on following the trajectory needed to reach a derived emissions intensity of 1.17 tCO2/tcs by 2050 (2) India's Nationally Determined Contribution (NDC) as per Paris Accord for 2030 is 2.4 tCO2/tcs JSW Steel Corporate Presentation: May 2023 Note: 1: Based on the International Energy Agency's (IEA) Iron and Steel Technology Roadmap, published in 2020 2: Taking account of both the direct (Scope-1) and indirect energy (Scope-2) emissions 6#7Agenda JSW Steel Corporate Presentation: May 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 7#8JSW Group: Key Verticals JSW Steel • India's largest steel producer • Consolidated capacity of 29.7 mtpa, growing to 38.5 mtpa •Listed on NSE, BSE. Market cap of US$20.5bn JSW Energy ⚫Installed capacity of 6.6 GW (Hydro, Renewable and Thermal) • Growing to 20 GW by 2030 with 81% renewable portfolio ⚫Listed on NSE, BSE. Market cap of US$5.1bn JSW PAINTS •Capacity of 160,000 klpa • Only fully-automated, water- based plant in India JSW Steel SW Infrastructure •Ports capacity of 158 mtpa • Operations across East, West & Southern coasts of India JSW Cement ـــر • Capacity of 17 mtpa, growing to 25 mtpa •India's leading green cement company JSW Foundation •Social development arm of the Group, with footprint across 11 states and 15 districts • Reaching out to +1 mn individuals around the operating locations SW Sports • Aims at nurturing the sporting dream of India • Trained Olympic medal winners •Associated with champion teams like Delhi Capitals, Bengaluru FC and Haryana Steelers JSW Ventures • Early stage, tech focused Venture Capital fund •Invests in companies building innovative solutions that leverage India's demographic dividend, consumption drivers and technological advancements JSW Steel Corporate Presentation: May 2023 Market cap as on 23rd May 2023 8#9JSW Steel: Among India's Leading Steel Manufacturers One of the leading steel players in India • Most geographically diversified steel company in India Sustainability and Governance at the core of the enterprise. Diversified product portfolio • Extensive product portfolio HRC, CRC, Coated, Tinplate, Electrical steel, TMT bar, wire rod, rails, AHSS, LRPC, grinding balls, etc. Technological competence • Combination of state-of-the-art steel making technologies: Corex, DRI, Conarc, Blast Furnace, BOF JSW Steel Corporate Presentation: May 2023 • Global presence International presence in Steel • making (US), Value-added facilities (US, Italy) SW Steel Integrated manufacturing process • From raw material processing plants to downstream value-added product capacities Strong distribution network and export presence Pan-India marketing and distribution network • Export footprint in over c.100 countries across 5 continents 9#101.6 Transformational Growth and Value Creation India Capacity (mtpa) CAGR FY03-23: 15% Total Revenue (000's Cr) CAGR FY03-23: 23% 7.8 18.0 18.0 18.0 18.0 28.2 27.0 19.5 2.5 85.0 80.4 73.4 73.9 167.0 147.9 4.2 0.7 EBITDA (000's Cr) SW Steel CAGR FY03-23: 18% 39.0 19.0 20.1 18.5 14.8 11.9 FY03 FY10 FY18 FY19 FY20 FY21 FY22 FY23 FY03 FY10 FY18 FY19 FY20 FY21 FY22 FY23 FY03 FY10 FY18 FY19 FY20 FY21 FY22 FY23 Market cap (Cr) 167,970 TSR CAGR (FY 2003-23): 26% 378 31-Mar-03 JSW Steel Corporate Presentation: May 2023 Current 5 year and 10 year Total Shareholder Return i 21% 5 year TSR JSW Steel 1 28% i 10 year TSR Peer 1 Peer 2 Peer 3 Market Cap and Total Shareholder Returns (TSR) as per Bloomberg, 24th May 2023. Peers are the major listed Indian steel producers. Note: FY22 capacity includes 1.2 MTPA of JISPL; merger with JSW Steel announced May 2022 10 10#11Healthy Outlook Post A Volatile FY23 FY23 FY24 • • • External headwinds impacted H1; healthy recovery in H2 High coking coal prices, sharp decline in steel prices, and export duties during May-Nov 2022 impacted H1 FY23 performance Falling coking coal and other costs, and strong domestic steel demand growth led to recovery in H2 Rising global steel prices following China re-opening and removal of export duties supported strong profitability in Q4 FY23 • • • Falling RM prices to support spreads Benefit of recent sharp decline in coking coal prices to flow through from Q2 onwards India steel demand expected to grow by 8-10mt JSW Steel targets 10% sales growth to 25mt in FY24 through expanded capacities • • • JSW Steel Corporate Presentation: May 2023 JSW Steel Medium Term Outlook Healthy demand drivers in India Govt.'s infrastructure drive is positive for steel sector . Improved manufacturing and services spurring domestic consumption High capacity utilization and deleveraged balance sheets of Corporates and Banks provide scope for private sector capex Cooling inflation, pause in rate hikes by RBI and expected recovery in rural economy to further accelerate investments and consumption 11#12Agenda JSW Steel Corporate Presentation: May 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 12 12#13Key Investment Highlights Size, Scale & Growth Leading steel producer in India with near-term growth to take domestic capacity to 37 mtpa JSW Steel Efficiency Product Mix ESG 5 Governance & Management 7 Lowest cost of conversion in India, one of the lowest globally. Strong domestic iron ore linkage Strong margins further enhanced by significant downstream capacities producing value added and special products Sustainability at the core of the enterprise. Actively pursuing climate change agenda Strong board and experienced management team Track Record of Growth Track record of efficient organic and inorganic growth: India capacity growth of 15% CAGR (FY03-FY23) Shareholder Value Prudent capital allocation: 20 year TSR CAGR of 26% (FY03-FY23), and uninterrupted dividends 8 Balance Sheet Strength Strong balance sheet and access to diversified funding sources globally JSW Steel Corporate Presentation: May 2023 TSR: Total Shareholder Return 13#141 Leading and Most Geographically Diversified Steel Producer in India SW Steel Rajpura Bawal Kalmeshwar Plate & Coil Mill, Anjar Khopoli Vasind & Tarapur Dolvi: 10 mtpa Vijayanagar: 12.5 mtpa Salem: 1 mtpa • JSW Steel Corporate Presentation: May 2023 India International BPSL Chandigarh Piombino, Italy BPSL Kolkata Europe USA BPSL Jharsuguda: 3.5 mtpa Raigarh: 0.95 mtpa (JISPL) Ohio: 1.5 mtpa Raipur: 0.25 mtpa (JISPL) → Indore Plate & Pipe Mill, Baytown Steel Plants JV and Associates- Steel Plant Downstream facilities JSW Steel's ownership in Bhushan Power and Steel Ltd (BPSL) is 83.3% w.e.f. 1st Oct 2021. 14 JSW Steel's ownership in JSW Ispat Special Products Ltd (JISPL) is 23.1%; announced merger with JISPL in May 2022.#151 BPSL - Facilities and Capacities Overview ΙΠΠΠ Crude Steel Capacity 3.50 mtpa Chandigarh Kolkata JŚW SW Steel Expansion Plan Cold Rolled Steel Strips and Precision Tubes Value added: CRCA, GI/GL Jharsugudha Integrated Steel Plant with Captive Power Plant Downstream Capacity 1.7 mtpa Raw Material Processing Coke Oven Pellet Plant Sinter Plant Captive Power Plant Netrabandha Iron Ore Mine: 82mt Reserves 3.50 2.75 5.00 Iron and Steel Value Addition DRI 1.80 Blast Furnaces 2.35 CRCA / CRFH GI/GL PPGI/PPGL FY22 Current FY24E Steel Melting Shop 3.50 Alloy Steel Bars Pipes & Tubes JSW Steel Corporate Presentation: May 2023 JSW Steel increased stake in BPSL to 83.3% w.e.f. Oct 1, 2021 15#161 Strong Fundamentals for India Steel Demand SW Steel India Steel: Strong Fundamentals (mt) Crude Steel Crude Steel Finished Steel Significant room for Healthy Steel Demand Outlook in India growth in steel consumption in India O China, 667 Government Capex (INR tn)² Production-Linked Incentive Scheme¹ Capacity 160 Production 126 120 Demand 300 FY23 FY31E Finished steel consumption (kg per capita, 2021) O Japan, 456 • US, 291 World, 233 • 7.3 5.9 4.3 3.1 3.4 i 10.0 Govt. incentive > *2 tn 717 Applications approved Across 14 Sectors Estimated Capex *3 tn FY19A FY20A FY21A FY22A FY23RE FY24BE Govt. thrust on infra, housing and increasing share of mfg. in GDP Productive investments like PLI scheme and defence indigenisation to drive capex • Robust demand from auto, residential real estate and energy transition India, 76 • India to remain competitive exporter of steel and steel products JSW has industry-leading volume growth accompanied by strong value added product basket to meet rising domestic demand JSW is best placed Indian steel producer to benefit from strong domestic demand growth JSW Steel Corporate Presentation: May 2023 Source: Ministry of Steel, World Steel Association (WSA), JSW estimate 16 1: Economic Survey 2022-23; 2: A- Actual, RE-Revised Estimate, BE- Budgeted Estimate#171 Near-term Growth to Take India Capacity to 37 mtpa Near-term growth in JSW Steel's India steel capacity (mtpa) 28.2 1 BPSL ■Vijayanagar Expansion JISPL ! 37.0 1.5 1.5 2.0 5.0 1.2 5.0 3.5 23.5 30.5 FY23E FY24E FY25E FY25E JŚW SW Steel . 5mt Dolvi expansion commenced integrated operations in FY22 and was fully ramped-up within a year • 5mt brownfield expansion at Vijayanagar • • Value-accretive with low capex of c.$400-500/ton Incremental expansion of 2.5mt at Vijayanagar: 0.5mt debottlenecking completed in FY23, further 0.5mt in FY25 Expansion of existing facilities (1.5mt) in FY25 BPSL capacity expanded from 2.75mt to 3.5mt in FY23; on track to expand to 5mt by FY24 Organic brownfield capacity expansion capex well below global benchmarks of replacement cost of c.$1,000/ton for BF-based capacity Value-accretive brownfield growth at low capex per ton JSW Steel Corporate Presentation: May 2023 1: JSW Steel's ownership in JSW Ispat Special Products Ltd (JISPL) is 23.1%; merger with JISPL is underway. 17#182 One of the Lowest Costs of Conversion Globally Resilient business model based on continued focus on cost leadership SW Steel WSD Aggregate Ranking(1) $ Ui:0; Leading position on global conversion cost curve - Conversion cost of c.$136/tonne in FY22 Technology, analytics and innovation continue to be the key levers to further optimize cost and operational efficiencies Implementation of cost reduction projects targeting overall cost savings and reduced dependencies Pellet plant and coke oven facilities at Vijayanagar and Dolvi - Utilisation of pipe conveyor system for transporting iron ore fines JSW Steel Corporate Presentation: May 2023 # 5 ranked in Asia # 8 ranked Globally 1: On the basis of weighted average score out of 10, across 23 different parameters from World Steel Dynamics' World-Class Steelmaker Rankings as of December 2022 18#192 Strong Domestic Iron Ore Linkage 13 operational captive iron ore mines ensuring raw material supply Karnataka - 9 mines c.216 MnT of aggregate reserves c.24km long conveyor belt for seamless transport of iron ore to Vijayanagar plant Steel Plants Mines JV and Associates- Steel Plant • Odisha - 4 mines c.1,100 MnT of aggregate reserves JSW Steel Corporate Presentation: May 2023 IBM: Indian Bureau of Mines SW Steel • • • Raw material security Operating 9 mines in Karnataka and 4 mines in Odisha Won 2 mines in Karnataka, 2 in Goa and 2 exploration blocks in Maharashtra in FY23 through auction mechanism which would be commissioned over time Advantages of Captive iron ore mines o Strategic long term iron ore security o Consistent grades to enhance BF productivity o Opportunity to optimize and significantly reduce logistics cost over time Cost of captive iron ore comprises • • Bid premium based on prevailing domestic prices declared by IBM Royalties & other statutory levies Mining & logistics costs Strengthening Mining Operations in Odisha Mining projects in progress: - Grinding and washing facilities to improve the quality of the ore, aiding higher productivity at the steel-making operations Implement digitalization across the mining operations - Slurry pipeline in Odisha to reduce logistic costs - Pellet plant in Odisha to improve RM feed 19#20Flats Longs 3 Steel Products for Diverse Applications • Infra & Construction Consumer Durables Key Products HR Plates / Coils • HRPO Buildings (Resi. & Commercial) Roads Bridges Metro & other Urban Infra Airports High Speed Rail Renewables (Wind+Solar) Power Sector Roofing Solutions Refrigerators Air Conditioners Home Appliances Tinplate for Packaging Oil & Non-Oil Cans Aerosols Battery Casings Paint Containers Bottle Caps • CRCA . Electrical Steel • GI/GL • PPGI/PPGL Tinplate TMT Bars Wire Rods LRPC Angles Alloy Steels JSW Steel Corporate Presentation: May 2023 General Engineering Railways & Defence Alternators Motors Compressors Pumps • Fans • • Generators Inverters • Yellow Goods SW Steel Pipes & Tubes Oil & Gas (API grade) Industrial Applications Agriculture Automotive Hopper & Headstock in Wagons Roof of Railway Locomotive Cargo Containers Shell Casings (Defence) Outer skin panels Connecting Rod Axle Shafts A&B Pillars . • Suspensions & Chassis Bumper Cross Member Seat Rails • Seat Belt Tongue Cross Beams . Door Impact Beams 20 20#213 Strong focus on building brands and increasing value added sales Colour Coated Galvalume GC SW Everglow Advanced Roofing Technology SW Colouron+ Premium Colour Coated Roofing Sheets • Super premium, colour coated coils & sheets, with a 20 year warranty Premium colour coated coils & sheets, with a 15 year warranty. • 3 variants - Cool Roof, Anti Dust & High Gloss SW Pragati+ Colour Coated Sheets High quality Al-Zn alloy & colour coated roofing sheets with anti-corrosion technology JSW Radiance Superior Quality Colour Coated Sheets & Coils JSW Silveron+ Premium Al-Zn Sheets • Superior colour coated sheets for OEM customers 6 variants - Anti Microbial, Anti Graffiti, Anti Dust, Anti Statics, Cool Roof and High Gloss Premium category Al-Zn coated roofing sheets & coils with 7 year warranty SW Vishwas+ • Desired weight as per customer requirements • Premium Al-Zn Sheets Corrosion protection and enhanced durability JSW Vishwas Premium GC Sheets JSW Steel Corporate Presentation: May 2023 Premium GC (galvanized corrugated) sheet with high durability SW Steel 21 21#223 Strong focus on building brands and increasing value added sales SW Steel SW Platina Tinplate coils and sheets with high strength and formability, used in food and non-food packaging Superior Quality Tinplate SW Magsure Superior Zn-Mg-Al Alloy Coated Steel • Al-Zn-Mg coated galvanized steel that offers 5x better protection than Gl against moderate to aggressive corrosive environments SW Galvos Premium GALVALUME Coil & Sheets Al-Zn coated coils and sheets designed for complete requirement of solar structures (purlin, rafter, bracers, etc.) JSW Galveco Lead-Free Galvanised Steel Galvanised steel that is lead free, suited for consumer durable sector with high safety and non-hazardous-material needs JSW Neosteel Pure TMT Bars Greenpro certified TMT bars. Manufactured through primary production process to ensure purity & superior quality Unique rib pattern that provides best bonding with cement JSW Trusteel Premium Hot Rolled Sheets. JSWAvante Smart Steel Doors SW Kalinga Trusted Quality ERW Pipes JSW Share of Value Added products • Cut-to-Length HR sheets available in wide variety of sizes and grades • Steel doors designed to overcome the common issues associated with wooden doors like seasonal door jams, fire, termites and heavy-handed installation 54% 58% 53% 48% 52% 60% 57% 35% FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 • ERW and superior quality GP pipes and tubes with wide range of applications Value Added and Special Products Other Products JSW Steel Corporate Presentation: May 2023 22#233 Contributing to India's High Speed Rail Journey JSW Steel • . • Supplying Steel to Mumbai Ahmedabad Bullet Train Project Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor is the first of the twelve lines planned by the government. It will cover more than 500 km in 2 hours and 58 minutes with a maximum speed of 320 km/hr JSW Steel is supplying high strength TMT Bars, HR Plates & LRPC for the MAHSR project and has become one of the preferred and leading suppliers, with more than 50% share of steel supplied The next bullet train project between Varanasi and Delhi of approx. 865 km is undergoing feasibility study, social impact surveys, assessments, and utility identification Steel Usage in the Mumbai-Ahmedabad Bullet Train¹ Shinkansen E5 series . This will be the highest steel consuming infra project in India till date Estimated steel consumption at ~2.5 million tonnes MAHSR Viaduct at Anand District, Gujarat JSW Steel Corporate Presentation: May 2023 Image source: JR East & NHSRCL. LRPC - Low Relaxation Prestressed Concrete Strands. 1: JSW Steel estimates 23#243 JSW Steel: Making Cars Safer for You Front Cross Member Door Impact beams B Pillars Lower control arm Seat belt tongue Seat Rails Bumper Cross Member Suspension & chassis JSW Steel Corporate Presentation: May 2023 JSW Steel Focus on safer, lighter and fuel efficient cars • Indian automotive industry is evolving to adopt consumer demand for 5-star rated cars for safety JSW Steel is working closely with auto makers to make cars safer, lighter and fuel efficient • JSW's AHSS (advanced high strength steel) with high tensile strength and optimum formability enables low cost product solution with clear edge over high cost materials such as Aluminium & Carbon Fibre, to achieve high safety ratings . • All major crash and safety components - A & B pillars, cross-beams, door impact beams, etc. - are being built from JSW's AHSS steel JSW has also developed steel for suspension parts, which require optimum fatigue life in addition to high strength • Ongoing development and readiness for EV applications • JSW Steel is one of the preferred and leading suppliers to the automotive industry 24#254 Our Commitments: No harm to People, Environment & Society OAD "8 SEARCHIN Climate Change & Renewable Energy CO₂ SW Steel Circularity & Biodiversity Water Security Air Emissions 42% reduction of CO2 to 1.95tCO2e/tcs by FY30 aligned with Paris Agreement Carbon Neutral at JSW Coated by FY30 Increased use of scrap in steelmaking Adoption of disruptive technologies (Green H₂, CCUS, etc.) in a progressive manner Transition from thermal to renewable energy 19% reduction in Specific Energy consumption to 5.65 Gcal/tcs by FY30 Reduction of fossil fuel use in iron making by improving ore quality Energy efficiency and process efficiency improvements through BATS JSW Steel Corporate Presentation: May 2023 Promoting Circular Economy Focus on 'Zero waste to Landfill' Enhance Biodiversity at all our operations 'No net loss' of Biodiversity by FY30 Increase green cover across operations Maintaing zero liquid discharge across operations 39% reduction in Specific water consumption by FY30 Targeting Specific Water Consumption (steel production) of 2.21 m3/tcs by FY30 Installing technology for reducing fresh water in cooling towers Adopting digitalisation for better water control and monitoring 70% reduction of specific process dust emission to 0.26 kg/tcs by FY30 SOx and NOx emission targets of 0.82kg/tcs and 0.91 kg/tcs, respectively by FY30 Adoption of best available technologies like MEROS in sintering, Oven pressure Control technology and CDQ in Coke Plants, TRT's in BF, etc. Target reduction for CO2 Emissions, specific energy consumption, specific water consumption, specific process dust emissions, SOx and NOx emissions by 2030 is from baseline 2005 levels 25#264 Building a Strong Health & Safety Culture JSW Steel's Vision 000 sanjeevan Zero Zero major I injury Zero harm incidents 0.43 0.36 LTIFR 0.32 0.32 0.26 0.20 FY18 FY19 FY20 FY21 FY22 FY23 JSW Steel Corporate Presentation: May 2023 JSW Sanjeevani Hospital at Dolvi provides healthcare services to 200 villages in the vicinity SW Steel Safety Initiatives & Recognitions Capability Building Initiatives: • 2,800+ employees certified as Safety Champions in FY23 2,185 Contractors evaluated for safety performance in FY23 Technological Interventions • Exposition on "Elimination of Human Machine Interface" organized at Vijayanagar Installed 18 Radar Speed Displays in Vijayanagar Emergency Preparedness & Response Developed "Emergency Command Centre" to monitor hazardous installations at Dolvi BRITISH SAFETY COUNCIL Five Star Occupational Health and Safety Audit 2022 JSW Dolvi Works recognized with 5-star Safety rating from British Safety Council Note: All figures are for JSW Steel's integrated steel plants at JSW Steel standalone. 26#274 Our Commitment to Society Key Intervention Areas Health & Nutrition Agriculture Water, Environment & Education Sanitation Waste Management Skill Development Art, Culture Sports & Heritage JSW Steel Corporate Presentation: May 2023 SW Steel Improving Cancer Care JSW Foundation has provided support to Tata Memorial Centre for the development of residential facilities for cancer patients INAUGURAL CEREMONY for the JSW SPP Building FEBRUARY 21, 2023 JSW School of Public Policy, IIM-A The JSW School of Public Policy has been established at IIM Ahmedabad. The school aims to become an influential research-oriented think-tank and policy training institute 27#284 Our Commitment to Society Margondanahalli Lake Rejuvenation, Bangalore JSW Steel Progress of Skill Impact Bond Project Pre-restoration Post-monsoon 100k M³ Additional Water Storage Capacity Created 12,000+ Canna and Vetiver plants used 10 Floating Wetlands Developed 4,500 Saplings planted around the lake with locals JSW Steel Corporate Presentation: May 2023 LAM PROUD TRAINER GRAN TARANG Focus area Job retention especially for young women 6,530 Sectors F&B, Retail, IT/ITES, Apparel, Construction 50,000 Learners to be skilled over 4 years 88% 74% Trainees enrolled Trainees Trainees in Cohort II Certified Placed 28#294 Initiatives & Recognitions ... TITTIT Diversity and Women Empowerment DJ 2221 KOMATSU Women are operating Heavy Earth Moving Machinery such as dumper, dozer, showel and drill at captive iron ore mines in Odisha YouTube JSW Steel Corporate Presentation: May 2023 Recognitions SW Steel 66 We are proud to be recognised as worldsteel Sustainability Champions demonstrating our commitment towards sustainability and being better everyday. JSW Steel recognized as Sajjan Jindal " Sustainability Chairman and Managing Director JSW Steel Limited worldsteel.org Sustainability CHAMPION worldsteel 2023 Champion by worldsteel for 2023 for the 5th consecutive year JSW Steel has been recognized as a Supplier Engagement Leader by CDP for implementation of current best practices CDP SUPPLIER ENGAGEMENT LEADER 2022 29#304 Environmental Performance SW Steel Specific Freshwater Consumption (m³/tcs) Specific Energy Consumption (Gcal/tonne) 6.59 6.56 6.38 6.24 6.04 5.66 2.59 GHG Emission Intensity (tCO2/tcs) 2.75 il 2.52 2.49 2.50 2.36 4.13 3.79 2.60 2.41 2.45 2.45 III FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 0.98 Dust Emissions (kg/tcs) 0.98 نتللا 0.42 SOX & NOX SOx (kg/tcs) ■NOx (kg/tcs) 2.05 1.88 1.90 1.74 1.60 1.69 92.67 1.52 1.24 1.29 1.36 1.26 1.19 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 JSW Steel Corporate Presentation: May 2023 Waste Utilization (%) 100.00 99.77 FY21 FY22 FY23 Note: All nos. are weighted averages for JSW Steel's integrated steel plants at JSW Steel standalone. 30#315 Strong Board and Experienced Management Team Seturaman Mahalingam Chairperson - Emeritus Chairman and MD Savitri Devi Jindal Sajjan Jindal Executive Directors Gajraj Singh Rathore Whole-Time Director & COO Jayant Acharya Joint Managing Director & CEO CA, Ex-CFO of TCS, Ex member of Tax Admin. Reform Commission Dr. Punita Kumar Sinha Former CIO at The Asia Tigers Fund Marcel Fasswald Former COO & CTO of SMS Group, Germany Independent Directors Harsh Charandas Mariwala Chairman of Marico, Chairman and MD of Kaya Ms. Fiona Jane Mary Paulus 37 years of experience in resources and energy investment banking, risk mgmt. Nirupama Rao 40 years of experience as a diplomat, Ex-Foreign Secretary of India Haigreve Khaitan Senior Partner at M/s. Khaitan & Co Nominee Directors Dr. M.R. Ravi, IAS Nominee Director Hiroyuki Ogawa Nominee Director of JFE Steel Corporation JSW Steel SW Steel JSW-JFE partnership Partnership overview • JFE 14.99% minority stake bought by JFE in 2010 Access to cutting edge technologies Operational excellence for cost reduction Balance Sheet deleveraging to support growth Technology agreements benefits: Access to fast growing auto steel market Technical know-how for electrical steel manufacturing ✓ Short learning curve ✓ Application engineering New product development Benchmarking and personnel training Other benefits: Improvement in quality, productivity, yield, energy efficiency Sharing best maintenance, environment and safety practices ✓ Benchmarking, training and talent sharing Standardization of processes JSW Steel Corporate Presentation: May 2023 of KSIIDC 31#326 Proven Track Record of Efficient Organic and Inorganic Growth Combination of organic and inorganic growth 2002-2005 2006 2007 2009 2010 • Capacity expanded from Capacity increased to • Capacity 1.6 mtpa to 2.5 mtpa 4.8 mtpa increased to • • SISCO(1) . Color coating line • Euro Ikon 1.0 mtpa CRM - Capacity increased 7.8 mtpa 3.8 mtpa Plate and pipe mill US • 2017 2016 74% stake in Praxair's(3) industrial gases JV(4) Won 6 Iron Ore mines in Karnataka 2018 Capacity increased to 18 mtpa Won Moitra coking coal mine in Jharkhand 2019-2020 EAF-based steel plant in Ohio, US . Won 3 Iron Ore mines in Karnataka • • Aferpi Steel, Italy • • Minority stake in Won 4 Iron Ore mines in Odisha Acquisition of Asian Colour Coated (c.1mt downstream capacity) Monnet Ispat JSW Steel Corporate Presentation: May 2023 2015 • CRM-2 Phase 2 • 0.2 mtpa electrical steel mill 2021 • 3.5 mtpa (HSM-2) JSW-JFE strategic partnership 2014 2011-2012 • 49.3% stake in Ispat industries • HSM-2 capacity expansion to 5 mtpa 2013 New CRM-2 - Phase I • 14.3 mtpa • 4 mtpa- Pellet Plant (2) capacity post • Ispat merger 1 mtpa- Coke Oven(2) Welspun Maxsteel, Salav 50% stake in Vallabh Tinplate 2022 • Acquired 49% in BPSL through IBC process, steel making capacity of 2.75 mtpa in Odisha • • Increased stake in BPSL to 83.3% w.e.f. 1st October Dolvi 5 mtpa expansion commenced operations • Acquired Plate & Coil Mill Division of Welspun Corp in Anjar, Gujarat 2023-2024 SW Steel Expanded BPSL capacity from 2.75mtpa to 3.5mtpa Merger of JSW Ispat Special Products with JSW Steel underway Acquired downstream producer National Steel Note: Blue text indicates acquisitions; Years above refer to financial years ending March 1: Southern Iron and Steel Company 2: Amba River Coke Limited 3: Praxair India Private Limited 4: JSW Praxair Oxygen Private Limited Consol. Capacity Of 29.7 MTPA 32#337 Prudent Capital Allocation: Strong Financial Growth Strong track record of volume growth SW Steel Track record of Total Revenues (* 000's Cr) 12.63 12.56 15.80 16.27 16.69 16.06 15.08 18.96 23.62 21.86 17.69 15.55 15.60 14.68 14.90 14.95 12.03 12.25 FY15 FY16 FY17 FY18 85.0 80.4 73.4 73.9 60.7 53.1 46.2 167.0 147.9 FY19 FY20 FY21 FY22 FY23 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Crude steel production (mt) 1 Consolidated saleable steel sales (mt)¹ Robust EBITDA Margin through the cycle 17.7% 15.4% 21.9% 20.6% 22.4% 16.2% 25.2% 26.6% 39.0 11.2% 19.0 20.1 14.8 12.2 11.9 9.4 6.4 FY15 FY16 FY17 FY18 EBITDA (000's Cr) Cashflow from Operations (* 000's Cr) 20.8 17.3 13.8 13.9 18.5 8.6 7.1 7.6 FY19 FY20 FY21 EBITDA margin (%) FY22 FY23 JSW Steel Corporate Presentation: May 2023 31.6 24.0 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Note: FY18 numbers based on restated financials. 1: Production and Consolidated Sales Volume comprises JSW Steel Indian operations and excludes JV's. BPSL has been included since H2 FY22 as it became a sub from 1 Oct 2021. Sales volumes are after netting-off inter-company transactions. 33#347 Prudent Capital Allocation: 10 Year TSR CAGR of 28%, and Uninterrupted Dividends 6.3% ROCE 19.6% 19.5% 16.4% 14.8% Uninterrupted Dividends (*/share) 29.8% 20.0 15.0 10.0 5.0 7.60% 9.6% 0.0 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Market cap (Cr) TSR CAGR (FY 2003-23): 26% 378 31-Mar-03 JSW Steel Corporate Presentation: May 2023 167,970 Current FY11 FY12■ FY17 FY18 JŚW SW Steel Dividend Policy of paying out 15-20% of Consol. Net Profit¹ 5 year and 10 year Total Shareholder Return i 21% i i 28% i 5 year TSR JSW Steel Peer 1 Peer 2 10 year TSR Peer 3 Value-accretive growth through economic cycles Market Cap and Total Shareholder Returns (TSR) as per Bloomberg as of 24th May 2023. Peers are the major listed Indian steel producers. 1: Link to JSW Steel Dividend Distribution Policy 3.4 34#358 Debt Profile and Credit Ratings Net Gearing (ND/Equity) within the stated cap of 1.75x Leverage (ND/EBITDA) within the stated cap of 3.75x 1.75x 1.48x 1.38x 1.34x 3.75x 1.17x 2.60x 0.89x 2.40x 0.83x FY18 FY19 FY20 FY21 FY22 FY23 Strong Liquidity and Credit Ratings 4.50x JSW Steel Diversified Funding Sources 2.61x 3.20x 1.45x Foreign currency debt, 57% INR debt, 43% Loans and others, 58% Bonds and debentures, 42% FY18 FY19 FY20 FY21 FY22 FY23 Cash and Cash equivalents of *20,719 crore Credit Ratings: ○ International: Moody's: Ba1 (Stable Outlook) and Fitch: BB (Stable Outlook) Domestic: ICRA: AA (Stable Outlook), IndRa: AA (Stable Outlook), CARE: AA (Stable Outlook) Debt Profile • Access to diverse pools of liquidity. Strong relationships with domestic and international banks and financial institutions Net Gearing and Leverage within stated caps of 1.75x and 3.75x, respectively Successfully raised US$3.69bn through global bond markets since 2014 • Issued global steel industry's first USD Sustainability Linked Bond in September 2021 JSW Steel Corporate Presentation: May 2023 Note: Net Debt/EBITDA on LTM basis 35#36Agenda JSW Steel Corporate Presentation: May 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 36#37Digitalization: Strategy, Execution and Impact Wave 4 and Digital Vision-2026* Expand and scale Digital to best-in-class: - Sales & Marketing Manufacturing & Mining (O&M, Quality) Sustainability, Safety and Security Supply Chain Management Human Resources Finance Wave 3: Expanding the art of possible to E2E plant Digitalisation and other functions Strategic Transformation Projects • End-to-End transformational projects Sampark: Digital Logistics Management System •Bulk Raw Material Supply Chain Digitalization • Advanced Planning & Scheduling (APS) ⚫Samarth: Financial Transformation Guiding Principles Value Lens ⚫ROI is the key to digital investments . • Quantification and regular monitoring of digital projects' value Special focus on Safety and Sustainability projects SW Steel Democratize Digitalization • Low investment and quick ROI projects undertaken at plant level . Short, well-defined sprints as per "Agile" • Fail-fast and Learn-fast approach • Promote Horizontal and Vertical deployment Wave 2: Digitalisation of procurement E2E Digitalisation of single mfg shop - Digital in large project management Wave 1: Accelerated implementation of select use cases across value chain JSW Steel Corporate Presentation: May 2023 *-Rolling 3 year Digital strategy JŚW digitall 15 Flagship Digital Projects DIGITAL EDUCATION FOR ALL 7,100+ Hours of Digital Training in FY23 100+ Digital Projects completed in FY23 200+ Digital projects planned for FY24 37#38JSW Steel's Digital Focus Areas Finance Additional Focus Mining Supply Chain Safety, Security, Governance Primary Focus Sustainability led R&D Manufacturing Cultural Transformation Human Resources Sales and Marketing |||| Automation, Integration and BEEE Intelligence JSW Steel Corporate Presentation: May 2023 Integrated Control Tower End-to-End Functional Transformation Focus Anticipated Impact JSW Steel گر Increased Sales Cost Optimization Asset Availability CO₂ Emissions Reduction Safety Enhancement WOW! Great Place To Work (GPTW) Future-ready Digital Workforce 38#39Mine-to-Customer: Technology-Led JSW Steel DIGITAL BULK RAW MATERIAL (BRM) MGMT 1 Suppliers / Mines 2 Inbound Logistics 8 Finance DIGITAL MANUFACTURING 3 Digital Plant Data-Driven Decision-Making DIGITAL OUTBOUND SUPPLY CHAIN In-Plant Logistics Connected Worker Digital Digital Projects/EPC Operations Outbound Logistics 4 5 IoT Enabled Sensors Robotics Drones Plant Automation Real-Time Data Management Service Centers / Downstream JVs/ JSW ONE 9 HR 10 Safety 11 Intelligent Security Surveillance 13 1, 2. Digital BRM SCM Transformation: Multi-modal | Track- and-Trace 3. Digital Plant: Integrated Tech (Digital-IT-OT) | 14.0 | Predictive Maintenance | Predictive Quality 4. Outbound Logistics: Digital | Multi-modal | Track-and-Trace JSW Steel Corporate Presentation: May 2023 REPORTS DASHBOARDS & ANALYTICS (RDA) 5, 6, 7. Sales & Marketing: Content Management | Customer Engagement | eCommerce 8. Digital Finance: Financial Transformation | RPA 9. Digital HR: HR Dashboards & Analytics JSW Steel DIGITAL SALES & MARKETING 6 Sales & Marketing 12 Sustainability Customer 7 10,11. Safety & Security: Intelligent Video Analytics 12. Sustainability: SEED Emissions Management Dashboards | Energy Management Dashboards 13. Reports Dashboards & Analytics (RDA): Integrated Control Tower (ICT) | 18 Clusters of Excellence Dashboards 39#40Future-Ready Digital Workforce Technology Learning Strategy SW Steel JSW digitall DIGITAL EDUCATION FOR ALL 1 Program Level Programs Target Trainees Tier 1 Self-Paced Learning High Level Awareness In-depth Training Personalized Training Tier O Tier 2.1, 2.2, 2.3 Tier 3 Microsoft Azure • (Fundamental) Self Learning in LMS / Digital Central / Percipio Digital Confluence • Digital Xchange All Employees Introduction to Digitalization • Symbiosis with Automation and IT Touch-and-feel new technologies Plants / Site Employees . • Data Sciences (AI-ML) Fundamentals Microsoft Azure (Advanced) Digital COE, Plant Digital teams, Citizen data scientists Role-based Certifications Employee-driven learning path All Employees JSW Steel Corporate Presentation: May 2023 Targeting 9,000 hours of Digital and Data Science training in FY24 40 40#41Agenda JSW Steel Corporate Presentation: May 2023 Sustainability Overview Key Investment Highlights Digitalisation at JSW Steel Appendix JŚW SW Steel 41#42Global Steel SW Steel China Steel Production and Export (mt) Crude Steel Production - Jan-Mar (mt) Steel Demand (mt) Jan-Mar CY21 Jan-Mar CY22 Jan-Mar CY23 -0.1% ■CY22 ■CY23F (Oct 22) CY23F (Apr 23) CY24F (Apr 23) 150 +2.3% China Crude Steel Production (LHS) ■Exports (RHS) 10 8 100 +6.1% -7.3% 493 275 247 262 460 459 2.0% +2.6% 1,782 1,815 1,822 1,854 6 4 50 218 213 198 921 914 939 939 861 901 883 915 2 0 0 China World ex-China World China World ex-China World Apr-21 Oct-21 Apr-22 Oct-22 Apr-23 Raw Material Prices (US$/t) Iron Ore 62% Fe HCC Premium LV FOB Aus. (RHS) HCC CFR China (RHS) N.America ExW HRC Prices US$/t N.Europe ExW Black Sea FOB China FOB 2,300 250 1,900 200 800 600 1,500 150 400 1,100 700 100 200 300 50 0 May-20 Nov-20 May-21 Nov-21 May-22 Nov-22 May-23 May-20 Nov-20 May-21 Nov-21 May-22 Nov-22 May-23 Global steel demand to see 40mt growth in CY23. Steel spreads were higher in Q4 FY23 on improved steel prices JSW Steel Corporate Presentation: May 2023 Source: World Steel Association (WSA); Bloomberg, Platts 42 42#43Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 FY22 ■FY23 +5.0% +13.3% 120.29 126.26 119.86 105.75 Indian Steel - Annual Trend Production and Consumption (mt) Steel Imports (mt) Finished Semis Crude Steel Production Apparent Steel Consumption Apparent Steel Consumption (mt) and YoY Growth FY22 FY23 FY22 FY23 Monthly Steel Exports (mt) and Imports (mt) % YoY Change 2.00 1.51 Exports 1.08 0.6 -5.3 -0.5 2.7 22.3 6.3 14.2 16.7 12.0 12.0 15.6 20.9 9.0 14.6 15.0 8.0 0.95 1.01 0.93 1.03 0.92 1.00 1.30 0.54 0.59 0.67 0.66 0.65 0.41 0.43 0.48 11.38 11.14 11.16 10.24 9.10 9.66 9.61 9.21 8.68 9.60 9.18 10.19 10.41 9.47 9.82 9.95 ill 0.00 1.00 0.42 0.50 Imports 0.88 0.69 0.68 0.77 0.71 0.00 0.47 0.37 0.34 0.40 0.49 0.48 0.49 0.58 0.52 0.55 Feb-23 Robust increase in domestic consumption in FY23; low priced and zero-duty imports are a challenge for domestic industry JSW Steel Corporate Presentation: May 2023 Source: Joint Plant Committee Mar-23 Apr-23 Jan-22 Feb-22 Mar-22- Apr-22- May-22 Jun-22 Jul-22 Aug-22 Sep-22- Oct-22- - ΖΖ-ΛΟΝ +45.2% 7.02 8.34 4.84 1.00 13.49 1.62 0.17 6.02 4.67 6.72 43 33 Dec-22- Jan-23- Feb-23- Mar-23- Apr-23- ■Finished Semis 18.37 -54.6% 4.88 JSW Steel Steel Exports (mt)#44Strategic Priorities for FY24 Committed to sustainability targets, with sustainability at the core of everything Executing growth pipeline of 37mt steel making capacity in India End-to End Digitalisation by evolving from point projects to transformational projects Maintaining cost leadership by leveraging low conversion cost advantage Improving raw material security through domestic iron ore and coking coal mines Enriching the product profile by enhancing the value-added product portfolio Net Gearing and Leverage well under stated caps of 1.75x and 3.75x, respectively JSW Steel Corporate Presentation: May 2023 JŚW SW Steel Creating Shareholder Value 44#45FY24 Guidance Particulars India Operations incl. Joint Control JSW Steel USA Ohio Total Combined Volumes JSW Steel Corporate Presentation: May 2023 All fig. in million metric tonnes FY24 Crude Steel Sales Production 25.50 24.20 0.84 0.80 26.34 25.00 JŚW SW Steel 45#46Annual India Capex Update Actual Spent 14,214 18,800 crore 18,500 14,625 FY23 FY24 FY25 FY26 Particulars Unspent Capex including Creditors and Acceptances New Growth, Cost Savings and Mining Projects Sustenance Capex Total JSW Steel Corporate Presentation: May 2023 Cr 34,629 12,499 4,797 51,925 SW Steel 46 46#47Key Project Updates - Vijayanagar JSW Steel 5mtpa brownfield project • • Construction activities for all packages underway Piping & Electricals commenced for all packages Equipment erection commenced for all packages . Project to be completed by end of FY24 Coke Oven Plant • • 1.5 mtpa Coke Oven battery: Battery A was commissioned in September 2022. Battery B expected commissioning by Q2 FY24 Capacity enhancement of further 1.5 mtpa to support the 5 mpta steel-making expansion. Phased commissioning in Q4 FY24 JSW Steel Corporate Presentation: May 2023 Blast Furnace under construction 47#48Key Project Updates - BPSL & Other Downstream Phase-Il expansion from 3.5 to 5 MTPA Civil work & Structural Erection work in progress in New Wire Rod Mill-2 and SMS-2 Project Long lead-time items received at site, equipment erection started (New Wire Rod Mill-2 and SMS-2, PCI upgradation for BF-1 & 2, Lime Calcination Plant-6) Project expected to be completed in FY24 Other Downstream projects 0.25 MTPA Colour Coating line at Rajpura, Punjab: Production commenced in May'23 0.12 MTPA Colour Coating line in Jammu & Kashmir: To be completed in FY24 JSW Steel Corporate Presentation: May 2023 SW Steel Ladle Turret & Casting Platform at SMS2, BPSL Phase II Colour Coating Line at Rajpura commissioned 48#49Case study: Turnaround Strategy at JSW Ispat's Dolvi plant SW Steel JSW Steel has a proven track record of identifying, acquiring and integrating assets creating synergies and optimizing costs December 2010 ⚫ Plant under maintenance ⚫ Loss making at EBITDA level High interest cost Financially distressed Completed initiatives - FY2011-2015 • Infusion of equity • Alignment of marketing strategies resulting in freight synergies and VAT benefits Reduction of high cost working capital funding ⚫ Refinancing of existing debt ⚫ Electricity sourcing from JSW Energy at competitive prices Commissioning of 4 mtpa pellet plant, 1 mtpa coke oven, waste gas based 55MW power plant, railway siding, and lime calcination plant FY2016-2017 Capacity expanded to 5 mtpa ⚫ Diversified product offering from Flat steel only to mix of Flat and Long steel FY2018-2022 • Capacity increased to 10 mtpa from 5 mtpa • Major facilities setup include: ○ 4.5 mtpa Blast furnace with 5 mtpa Steel Melt Shop о 5 mtpa Hot Strip Mill Inability to service existing debt I - Inadequate cashflows - Corporate debt restructuring (CDR) Exit from CDR Stabilized/ramped-up the expanded Generating positive profit after tax capacity I - Integrated Steel production commenced I Able to leverage an acquisition to maximum value accretion through application of knowledge and experience JSW Steel Corporate Presentation: May 2023 case 49 49#50Awards & Recognitions in FY23 GOLDEN PLACOCE WINNER AWARD Golden Peacock Award 2023 for Innovative product/service - JSW Steel Vijayanagar BRITISH SAFETY COUNCIL Sword of Honour 2022 Winner JSW Salem - won the Sword of Honour award from British Safety Council BRITISH SAFETY COUNCIL Five Star Occupational Health and Safety Audit 2022 Dolvi JSW Works recognized with 5-star Safety rating from British Safety Council SW Steel CDP DISCLOSURE INSIGHT ACTION A LIST 2022 CLIMATE One of the only 3 steel companies globally to achieve CDP A Leadership rating Sustainability CHAMPION worldsteel 2023 JSW Steel recognized as steel sustainability champion 2023 for the 5th consecutive time in a row PHMETE JSW Staal We're Always Around! JSW Steel wins Gold al the E4M Primolime 2022 Awards for the Alwayn Around' campaign e4m Creativity Primetime Award - Always Around campaign ha JSW Steel JSW Staola being recognised ET iconic Brands of India for 2022 At The ET Iconic Brands of India Conclave ET Iconic Brands of India 2022 JSW Steel is honoured to receive Brand of the Decade Award By BARC Asia BARC Asia Brand of the decade JSW Steel Corporate Presentation: May 2023 43#51Our Steel is Helping Build Key Infrastructure in India JSW Steel Solar Project: Contributed 2.3 GW イイ Wind Project: Contributed 1.4 GW High Speed Rail (Mumbai-Ahmedabad Bullet Train) Project 994 Km of Railway Freight Corridors (Mumbai-Haryana WDFC & Ludhiana-West Bengal EDFC) Metro Projects: 57 km of Metro project lines (Mumbai, Pune, Nagpur, Bengaluru, Ahmedabad, Chennai, Indore, Kochi & Delhi) Water Pipelines: 1,703 km of water pipelines across major projects Oil & Gas Pipelines: 607 km of pipelines across major projects Nuclear Power Plants: Contributed 1.6 咸 GW for Kudamkulam, Tarapur, Kakrapar Power Projects JSW Steel Corporate Presentation: May 2023 High Speed Rail image from JR East & NHSRCL Expressways and Highways: 1,001 Km Roads & 169 Km Bridges across major projects Airports: Navi Mumbai 51#52BETTER EVERYDAY THANK YOU Investor Relations Contact: [email protected] JSW Steel