JSW Steel Corporate Presentation

7 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

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