Investor Presentaiton

Transformational journey to market leadership Capacity (MTPA) 1.6 CAGR FY02-19: 15.3% 7.8 18.0 Total revenue (US$m)(a) CAGR FY02-19 25.7% 2,829 10,647 12,328 2,895 EBITDA (US$m) CAGR FY02-19: 28.2% 603 2,147 2,750 539 252 40 FY02 FY10 FY19 FY02 FY10 FY18 FY19 Q1 FY20 FY02 FY10 FY18 FY19 Q1 FY20 Market cap (US$m)(b) FY02 FY10 FY19 7,897 TSR for FY02-19= 26.71% Technology Corex Corex, BF Corex, BF, DRI 3,354 Adopting industry leading technologies 37 Product mix Flats Flats, long, special steel and value added 31-Mar-02 31-Mar-10 Current JSW Steela) Value accretive growth through the economic cycles Note: Translated at 1 USD = 68.9180 INR, FBIL as of 28th June 2019 Includes other income Source: Market Cap and Total Shareholder Returns (TSR) as per Bloomberg Flat, long, special steel, value added, AHSS for automotive, electrical steel, colour coated steel Continuously expanding product canvas with focus on high-end value-added products 6

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