JSW Steel Corporate Presentation

1 Strong Fundamentals for India Steel Demand India Steel: Strong Fundamentals (mt) Crude Steel Crude Steel Finished Steel Significant room for growth in steel consumption in India Government Capex (INR tn)² O China, 646 JSW Steel Healthy Steel Demand Outlook in India Production-Linked Incentive Scheme¹ 10.0 Capacity Production Demand Govt. incentive > *2 tn 161 126 120 300 FY23 FY31E Finished steel consumption (kg per capita, 2022) O 7.3 5.9 4.3 3.1 3.4 717 Applications approved Across 14 Sectors Japan, 444 US, 279 World, • 222 FY19A FY20A FY21A FY22A FY23RE FY24BE Estimated Capex *3 tn 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 to remain competitive exporter of steel and steel products India, 87 • 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: October 2023 Source: Ministry of Steel, World Steel Association (WSA), India per capita is for FY23 as per JPC, Ministry of Steel, JSW estimate 1: Economic Survey 2022-23; 2: A- Actual, RE- Revised Estimate, BE- Budgeted Estimate 16

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