Investor Presentaiton

JINDAL STEEL & POWER 4 Operational excellence translating into higher profitability Superior EBITDA margin and optimal capacity utilization Demonstrating resilience in COVID period EBITDA/t(1) (USD/t) metric EBITDA margin (%) FY19 FY20 FY21 1H21 1H22 JSP 22% 22% 39% 30% 38% 326 350 300 250 200 150 150 128 100 50 0 FY19 Sales volume ('000 tonnes) FY20 T I I I 241 I I FY21 786 First Wave. 711 685 Second Wave 751 706 669 641 640 576 605 600 565 581 547 559 1554 500 344 Apr 20 May 20 Jun'20 Jul 20 Aug 20 Sep'20 Oct 20 Nov 20 Dec'20 Jan'21 Feb'21 Mar 21 Apr 21 May 21 Jun 21 Jul 21 Aug'21 Sep'21 Q1 Q2 Q3 Q4 1Q22 2Q22 I I 165 1H21 Capacity utilization (%) ■Raigarh Angul 1H22 87% 89% 83% 81% 74% 68% 55% 45% FY19 Source: Company Data; U.S.$1.00 = 74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021 Notes: 1 Derived by dividing EBITDA / Adjusted EBITDA by steel sales 91% 80% FY20 FY21 1H21 1H22 15

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