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Investor Presentaiton

JINDAL STEEL & POWER JSP at a glance US$4.5bn FY21 Revenue US$3.2bn 1H22 Revenue c. 27% Revenue growth from FY20 to FY21 Achieved 0.5x 1H22 Net debt / LTM EBITDA already US$1,758mn FY21 EBITDA (1) US$1,218mn 1H22 EBITDA c. 126% EBITDA growth from FY20 to FY21 US$766mn FY21 Cash Balance (2) US$500m n 1H22 Cash Balance Well defined liquidity policy (aims to maintain c. US$ 300mn cash) JSP aims to be net debt free by FY23 $ 0.9x FY21 Net debt/ EBITDA 0.5x 1H22 Net debt/ LTM EBITDA Net debt reduced by c. 41% from FY20 to 1H22 c. 64% reduction in net debt since FY18 on consolidated basis U.S.$1.00 = 74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021. All numbers are on standalone basis, unless stated otherwise (1) EBITDA is calculated as profit/(loss) for the year/period + net finance income (expenses) +(-) depreciation and amortization expenses +(-) income tax and social contributions + exceptional items - other income (2) Cash Balance = Cash and cash equivalents + Bank balances
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