JSW Steel Corporate Presentation

Case study: Turnaround Strategy at JSW Ispat's Dolvi plant SW Steel JSW Steel has a proven track record of identifying, acquiring and integrating assets creating synergies and optimizing costs December 2010 Completed initiatives- FY2011-2015 FY2018-2022 ⚫ Plant under maintenance • Infusion of equity ⚫ Loss making at EBITDA level High interest cost Financially distressed • Alignment of marketing strategies resulting in freight synergies and VAT benefits Reduction of high cost working capital funding ⚫ Refinancing of existing debt ⚫ Electricity sourcing from JSW Energy at competitive prices • Commissioning of 4 mtpa pellet plant, 1 mtpa coke oven, waste gas based 55MW power plant, railway siding, and lime calcination plant FY2016-2017 Capacity expanded to 5 mtpa Diversified product offering from Flat steel only to mix of Flat and Long steel • Capacity increased to 10 mtpa from 5 mtpa • Major facilities setup include: ○ 4.5 mtpa Blast furnace with 5 mtpa Steel Melt Shop ○ 5 mtpa Hot Strip Mill Inadequate cashflows Exit from CDR | Corporate debt restructuring (CDR) Generating positive profit after tax Stabilized/ ramped-up the expanded capacity | – Integrated Steel production commenced case Inability to service existing debt Able to leverage an acquisition to maximum value accretion through application of knowledge and experience JSW Steel Corporate Presentation: August 2023 46 46

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