JSW Steel Corporate Presentation

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 4.50x 1.75x 1.48x 1.34x 3.75x 1.17x 0.83x 0.89x 0.96x 2.40x 2.61x 1.45x 3.20x 3.14x FY19 FY20 FY21 FY22 FY23 Q1 FY24 FY19 FY20 FY21 FY22 FY23 Q1 FY24 Strong Liquidity and Credit Ratings • Cash and Cash Equivalents of 13,466 crore • JSW Steel Diversified Funding Sources Foreign currency debt 58% INR debt, 42% Bonds and debentures, 41% Loans and others, 59% 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: August 2023 Note: Net Debt/EBITDA on LTM basis 34

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