Investor Presentaiton

JINDAL STEEL & POWER 5 Robust financial profile and stable cash flows JSP Standalone financials have strengthened in the past few years Revenue (USD bn) EBITDA² & EBITDA Margin (USD mn, %) ---- Steel ¡Production 5.59 MT 6.30 MT c.27% increase 7.51 MT 3.50 MT 3.94 MT I EBITDA Margin 22% 22% c.126% increase 39% 30% Best-in-class profitability 38% 4.5 3.7 3.5 1,758 3.2 810 778 1.9 1,218 I I 574 I FY19 FY20 FY21 1H21 1H22 FY19 FY20 FY21 1H21 1H22 Free Operating Cash Flow 3 (USD mn) I I I I I I I 1,212 I I 845 861 I I I 343 I FY19 FY20 FY21 1,075 1H21 1H22 3Free operating cash flow = cash flow from operations - capex; U.S.$1.00=74.2551, which was the exchange rate as reported by the FBIL on September 30, 2021 All numbers are on standalone basis, unless stated otherwise Net debt/ EBITDA Net debt (USD mn) 3.3x 2.8x 0.9x 2639 2198 FY19 FY20 1572 | J I I J I 2158 Note: 'Revenue from operations; Steel Production shown is only for India operations and includes Pig Iron; 2 EBITDA is calculated as profit/(loss) for the year/period + net finance income (expenses) +(-) depreciation and amortization expenses +(-) income tax and social contributions + exceptional items - other income FY21 0.5x 1295 1H21 1H22 16

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