Investor Presentaiton

TATA STEEL Key financial metrices EBITDA Margin (%) 1 EBITDA /ton (Rs.)1 18.9% 12.2% 19.8% 26.2% 13.4% Interest Coverage Ratio (x) 1.2 11.7 21,626 11,358 5.2 11,110 8,503 10,838 3.9 4.1 3.4 6,267 10.3% 2.4 TATA Gross & Net Debt (Rs. crore) 1,16,328 1,00,816 88,501 90,440 1,04,779 84,893 75,561 94,879 75,389 67,810 71,397 51,049 -Net -Gross FY 19 FY 21 FY 20 FY22 FY23 1QFY24 FY19 FY20 FY21 FY22 FY23 1QFY24 FY19 FY20 FY21 FY22 FY23 1QFY24 FY19 FY20 FY21 FY22 FY23 1QFY24 Net Debt/EBITDA (x) Net Debt/Equity (x) Credit Rating Investment Grade 5.91 3.19 2.44 2.92 2.07 0.80 FY19 FY20 FY21 FY22 FY23 1QFY24 1.42 1.43 0.98 BBB-/ Baa3 BB+/ Ba1 S&P Moody's BB/ Ba2 BB-/ Ba3 0.69 B+/ B1 0.61 0.52 FY19 FY20 FY21 FY22 FY23 1QFY24 MOODY'S INVESTORS SERVICE B/ B2 Current Rating Outlook Ba1 Positive Last review July 2022 B-/ B3 FY19 FY20 S&P Global Ratings: BBB- Positive May 2022 FY21 FY22 Note: All data is on consolidated basis; 1. FY20 and FY21 incl. Southeast Asia Operations which is reclassified as continuing operations; 2. Interest Coverage Ratio: EBITDA / Interest FY23 1QFY24 19

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