Investor Presentaiton

7 Prudent Capital Allocation: 10 Year TSR CAGR of 32%, and Uninterrupted Dividends ROCE Uninterrupted Dividends (*/share) JŚW SW Steel 6.3% 19.6% 19.5% 16.4% 14.8% 29.8% 20.0 15.0 10.0 5.0 7.60% 9.6% 0.0 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 I Market cap (Cr) TSR CAGR (FY 2003-23): 26% 378 31-Mar-03 JSW Steel Corporate Presentation: August 2023 Current 195,870 FY11 FY12 FY13 FY14 FY15 FY16 ■ FY17 FY18 FY19 Dividend Policy of paying out 15-20% of Consol. Net Profit¹ 10 year Total Shareholder Return i 32% JSW Steel 10 year TSR Peer 1 Peer 2 Peer 3 Value-accretive growth through economic cycles Market Cap and Total Shareholder Returns (TSR) as per Bloomberg as of 2nd August 2023. Peers are the major listed Indian steel producers. 1: Link to JSW Steel Dividend Distribution Policy 33 3.4

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