JSW Steel Corporate Presentation

7 Prudent Capital Allocation: 10 Year TSR CAGR of 26%, and Uninterrupted Dividends ROCE 29.8% Uninterrupted Dividends (*/share) JŚW SW Steel 6.3% FY16 19.6% 19.5% 16.4% 14.8% 9.6% 7.6% 20.0 15.0 10.0 14.7% 5.0 0.0 FY17 FY18 FY19 FY20 FY21 FY22 FY23 H1 FY24 Market cap (Cr) 1,84,150 TSR CAGR (FY 2002-23): 29% 194 31-Mar-02 JSW Steel Corporate Presentation: October 2023 FY11 FY12 FY17 3.4 3 3 3 3 3 3 Dividend Policy of paying out 15-20% of Consol. Net Profit¹ 10 year Total Shareholder Return 1 26% Current JSW Steel 10 year TSR Peer 1 Peer 2 Peer 3 Value-accretive growth through economic cycles Market Cap and Total Shareholder Returns (TSR) as per Bloomberg as of 25th October 2023. Peers are the major listed Indian steel producers. 1: Link to JSW Steel Dividend Distribution Policy 35

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