Investor Presentaiton

1 One of the leading domestic steel player and well placed to benefit through the cycle Fastest growing large steel player in India JSW Steel crude steel production as a % of India crude steel production 7% 3.7 FY09 11% 8.5 FY13 FY09-19 crude steel production CAGR 16% 16.2% 16.7 FY19 % of India Crude Steel Production JSW Steel Crude Steel Production (mt) Source: Company Annual Reports, JPC and Ministry of Steel Annual Reports India is 2nd largest crude steel producer in the world 928 107 104 JSW Steel 11.5% 1.9% 6.5% Peer1 Peer2 India Source: Filings on BSE, Joint Plant Commission India is slated to become the world's 2nd largest consumer of finished steel products by 2019 Top 10 Finished Steel Consuming Countries (mt) Top 10 Crude Steel Producing Countries in 2018 (mt) 835 843 80 87 73 72 42 37 35 25 ■2018 2019E 2013-18 CAGR % 96 103 100101 65 65 54 53 41 40 41 42 31 29 25 26 26 27 China India Japan US South Korea Russia Germany Turkey Brazil Italy China I India US Japan South Korea Russia Germany Turkey Italy Mexico 2.4% 5.4% 0.9% 0.1% 0.7% -1.0% 1.4% -0.5% 3.8% 4.3% Source: IMF World Economic Outlook Database (April 2019) JSW Steel Source: World Steel Association, Short Range Outlook (April 2019) 6

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