Corporate Presentation

Copyright 2010 Jindal Steel & Power Ltd.

November 2011

Disclaimer
Certain statements in the presentations and, if applicable, the subsequent question and answer session and

discussions concerning our future growth prospects, are forward looking statements which involve a number of risks,
uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, general political, social and

economic conditions in India, Bolivia, and elsewhere, accidents, natural disasters or outbreaks of disease,
government policies regarding the steel ,power and diamond industry(ies), including industrial licensing, environmental regulations, safety regulations, import restrictions and duties, excise duties and sales taxes, our ability to successfully implement our strategy, our growth and expansion plans and technological changes, increasing competition in, and the conditions of the global and Indian steel , power and diamond industry, changes in laws and regulations that apply to the Indian and global steel, power and diamond industry, significant movements in the prices of key materials, terms on which we finance our working capital and capital and product requirements affecting our company and our industry and other development expenditure requirements, general economic conditions factors beyond our control.

Business Segments
Steel Power Mining

Corporate Snapshot

Jindal Steel & Power / Jindal Power / Jindal Shadeed

Steel 3 MTPA

Iron Ore & Coal Mining 15 MTPA

Power Generation 1,783 MW

Hot Briquetted Iron 1.5 MTPA

Pellet Plant 5MTPA

FY 2010 - 11

Revenue : USD 2.9 Bn

Cash Profit : USD 1.1 Bn

Projects Under implementation

Jindal Steel & Power / Jindal Power

Location
Angul, Orissa Patratu, Jharkand Bolivia Orissa

Project
1.6 MTPA Steel Plant 810 MW Captive power 3 MTPA Steel Plant 1.7 MTPA Steel Plant 80,000 BPD Coal to Liquid

Investment
USD 3.1 Bn USD 2.9 Bn USD 1.5 Bn USD 8.0 Bn

Chhattisgarh
Jharkand Arunachal Pradesh
5

2, 400 MW Thermal Power,

1, 980 MW Thermal Power 6,100 MW Hydro Power

USD 2.9 Bn
USD 2.4 Bn USD 8.1 Bn

Projects Under planning

Jindal Steel & Power / Jindal Power

Location

Project

Angul, Orissa
Patratu, Jharkand

2.8 MTPA Steel Plant & 6 MTPA Pellet Plant

3 MTPA Steel Plant

Raigarh, Chhatisgarh
Bolivia Jharkand Orissa

3 MTPA Steel Plant

5 MTPA Pellet Plant, 4 MTPA DRI 2, 640 MW Thermal Power 1, 320 MW Thermal Power

Steel business overview Power business overview

Financial overview
Growth drivers Sustainability Initiatives

Indian Steel Story

India s share in World steel production was 2% in 1995. Current share 5% With GDP expected to grow over 8-9%, Steel consumption is expected to grow over 10%

Huge demand coming from Power, Road and Infrastructure sector

Steel Production in India expected to go up tp 200 MTPA by 2020 from current 70 MTPA In 11th plan GOI has a target of $500 Bn investment in Infrastructure (9% of GDP)

Steel consumption for this level of investment is about 145 Mn T

In 12th plan GOI has plans of $1,000 Bn investment in Infrastructure (estd. at 10% of GDP)

Steel consumption for this level of investment is over 350 Mn T

Currently India imports about 8 MTPA of steel

Giving a cushion to absorb additional supply in the immediate future

JSPL A young and dynamic company

Core operational capacities

Iron ore mine Coal mine Pellet Plant

3.00 MTPA 12.00 MTPA 5.0 MTPA 1.37 MTPA 1.50 MTPA 1.65 MTPA

Sponge Iron (coal based) Sponge Iron (Gas based- Oman) Hot Metal (Pig Iron)

Total Steel
Rails, Beams & Structurals Plates & Coils Medium Section Mill Slabs, Rounds, Blooms & Billets, Wire Rods Total Captive Power Plant Wind Power Jindal Power Limited
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3.00 MTPA
0.75 MTPA 1.00 MTPA 0.60 MTPA 0.65 MTPA 759 MW 24 MW 1,000 MW

JSPL integration
Iron Ore from Mines Sale Sale Pelletization plant Pellets Coal Washery
Char/Flu Gases

Coal from Mines

Washery Rejects
Wire Rod & Rebar

Sale ROTARY KILNS

FINES

POWER PLANT(a) Sale EAF

Sale

CSEB/OTHERS

Coking Coal

COKE OVEN

Sponge Iron

PLATE MILL
PLATES & COILS

COKE
SINTER PLANT

BF

Pig Iron

Sinter

Rounds/ Blooms/ Slabs/ Billets Sale

RAIL & UNIVERSAL BEAM MILL

Sale

Rails

Structurals

Sale

Sale
(a) Captive Power Plant supplies power to all facilities

10

JSPL Product Range

Hot Rolled Plates upto 3.5 Mtr.

Billets

Parallel Flange Beams

Channels 11

Columns

Hot Rolled Coils

JSPL Product Range (contd.)

Beam Blank

120 Mtr. Long Track Rails

Power

Rounds 12

Fabricated Beams

JSPL Captive power plants

945MW Addition
1,708MW

759MW

Existing
Tamnar Coal Mine CPP 270 MW (2x135 MW)
13

FY12

Angul CPP 675 MW (5x135 MW)

Steel business overview Power business overview

Financial overview
Growth drivers Sustainability Initiatives

14

India Power Story

Installed Capacity (Mar 11) Total Installed Capacity Thermal Power Hydro Power Renewable Nuclear Power Reactors
Source: CEA

Power Price Year 2008-09 2009-10

173, 626 MW 112,825 MW 37,567 MW 18,454 MW 4,780 MW

Mkt Bilateral Price Rs./kwh

7.48 5.25

Mkt Exchange Price Rs./kwh

7.49 4.96

2010-11

4.78

3.43

Bilateral Market
Price (Rs/Kwh)
Price (Rs/Kwh) 9 8 7 6 5 4 3 2 Linear (Price (Rs/Kwh)) 7000 6000 5000 4000 3000 2000 1000 MW/Day

MW/Day
Linear (MW/Day)

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JPL Operational Project Tamnar I (4x250MW)

FY10 FY 11

Location

Tamnar, Raigarh, Chhattisgarh (4 x 250 MW) Captive coal mines

Fuel

Installed capacity (MW)(a)

1,000

1,000

Power Evacuation

258 Km Captive transmission line connected to National Grid

PLF
FY11 Q1 FY 12 88% 56% 80% 55% Q2 FY 12 82% 56%

98.1% 93.0%

Financials

FY 10

EBITDA (%) PAT (%)

90% 59%

16

TAMNAR I PROJECT (OP Jindal super thermal power plant)

Main Plant

258 km transmission line from Raigarh to Raipur

6.9 km cross country pipe conveyor belt for coal transportation

Captive Coal Mine

17

Steel business overview Power business overview

Financial overview
Growth drivers Sustainability Initiatives

18

Consistent Performance
Revenues CAGR 47 % Consolidated, USD in Million

3000

2500

Revenue

1500

1000 500
0 200320042005200620072008200920102011

Net Profit

2000

900 800 700 600 500 400 300 200 100 0

200320042005200620072008200920102011

Year

Net Profit CAGR 60%

Year

19

Growth Trajectory: Quarterly net profits

34 trailing quarters (consolidated, INR Crores)

988 900 899 808 765 874 963

957 894

1,001 933 951

965*

405 319 250 147 150 145 151 153 157 190 203 277

444

50

58

80

117 122 124 124

126

Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep- Dec- Mar- Jun- Sep03 03 03 04 04 04 04 05 05 05 05 06 06 06 06 07 07 07 07 08 08 08 08 09 09 09 09 10 10 10 10 11 11 11

20

* Net profit for quarter ended 30.09.2011 does not include Rs. 74.17 crore being the investment written off/provided for losses in mining and exploration activities overseas.

Consolidated financials at a glance

FY04
(Rupees in Crores)

FY05

FY06

FY07

FY08

FY09

FY10

FY11

Times H1 FY12 (FY11/FY

04)

INCOME STATEMENT Net Turnover Net Profit After Tax Cash Profit
1,272 305 2,271 515 2,617 572 3,548 703 5,538 1,251 10,913 3,007 11,151 3,634 13,111 3,804 8,367 1,825 10.3 12.4

434

765

858

1,174

1,810

4,193

4,759

5,115

2,578

11.7

BALANCE SHEET
Gross Fixed Assets Net worth Borrowings
1,966 853 1,026 15 2,875 1,317 1,495 15 4,389 1,837 2,745 15 5,866 2,475 3,507 15 10,679 3,722 6,996 15 14,927 7,021 8,113 15 21,109 10,386 8,605 93 29,327 14,135 13,987 93 19,836 16,162 16,236 93 14.9 16.5 13.6 -

Equity
SIGNIFICANT RATIOS

Operating Margin (%) Net Profit to Sales (%) Return on Net Worth (%) Long Term Debt Equity Ratio EPS (INR/Share) (a) split w.e.f Note: EPS adjusted to reflect a 1:5 stock (b) 21

40% 24% 36%

40% 23% 39%

40% 22% 31%

41% 20% 28%

41% 23% 34%

48% 28% 43%

53% 33% 35%

49% 29% 27%

40% 22% -

1.09 3.34

1.11 5.58

1.20 6.31

1.07 7.64

1.74 13.54

1.03 32.44

0.59 39.05

0.70 40.75

0.98 19.20

27 Dec,07 Note: EPS adjusted to reflect a bonus issue of 5:1 * Net worth and Book value not stated as these are results for part of the year

Steel business overview Power business overview

Financial overview
Growth drivers Sustainability Initiatives

22

JSPLs greenfield expansions

Facilities under implementation (Flat Products)
1.6 MTPA integrated steel plant & captive power plant at Angul, Odisha
Project Plate Mill DRI Capacity 1.5 MTPA 2.0 MTPA Expected date of Commissioning March, 2012 September, 2012

Power

810 MW

April, 2011 - March, 2012

Steel melting shop

1.6 MTPA

September, 2012

Resources

Coal mine, estimated reserves 228 MT, allotted. Mining expected to start from December 2011 Iron Ore mine, to be allotted as per MoU with the Govt. of Odisha

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JSPLs greenfield expansions (continued)

Facilities under implementation (Long products)
6 MTPA integrated steel plant & captive power plant at Patratu, Jharkhand
Project Steel Making (Wire Rod and Rebars) Capacity 3.0 MTPA Expected date of commissioning December, 2014

Power Plant

100 MW

Other Major Facilities Coke Oven, Blast Furnace, Sinter Plant and Steel Melting Shop

Resources

Two coal mines, combined estimated reserves of 320 MT, allotted Iron Ore mine, with estimated reserves of 80 MT, allotted 24

Expansion plans of Jindal Power Limited

Overview of power projects
Name (Size) Operational Project (1000 MW) Tamnar I (1,000 MW) Thermal Under Implementation Projects (10,480 MW) Tamnar II (2,400 MW) Dumka (1,320 MW) Godda (660 MW) Hydro (6,100) Thermal Thermal Thermal Hydro Under Planning Projects (3,960 MW) Type

Jharkand (2,640 MW)

Angul (1,320 MW)

Thermal
Thermal

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Capacity build-up timeline of JPL

Cumulative capacity build-up (for projects under implementation)(a)
11,480

5,380 2,200

5,380

6,180

6,980

6,980

1,000

Existing

FY14

FY15

FY16

FY17

FY18

FY19

FY20

Operational Tamnar I

Two units of Tamnar II (1,200MW)

Two units of Tamnar II (1,200MW)

660 MW Godda

1,320MW Dumka

800MW + 800MW Subansiri Middle

4,000MW Etalin

500MW Attunli

(a) Projects under planning (3,960MW) have not been considered for the above timeline

26

Coal to Liquid (CTL) Project

Objective
To enhance energy security of the country Reduce dependence on import of crude oil/
petroleum products
Project CTL Plant Coal mining Power Plant Capacity 80,000 bbl / day 50 MTPA 1350 MW

Facilities under implementation

Maximize Diesel production (60-70 % Diesel) Establish environment friendly CTL Project with
a strategic fit to Indian Coal (High Ash)

Salient Points
CTL capacity represents about 10% of Indias current crude production

Compliant with Euro VI norms

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Global Footprint

India Oman Indonesia Mozambique Bolivia South Africa

Georgia

28

Oman
Shadeed Iron & Steel LLC.
JSPL acquired Shadeed Iron & Steel LLC. In July 2010
Capacity of 1.6 mtpa DRI module (Midrex) plant

Total Capital Expenditure of about 525 million USD

Gas will be supplied by government at 1 $ per MMBTU, for 20 years Profitable since start of production Downstream Expansions under planning

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Oman (Contd.)

30

Bolivia

Estimated reserves of Iron Ore - 20 Billion tons

Unit
Pellet Plant 10 mtpa

Capacity

DRI Plant (Natural Gas based) Steel Capacity

6 mtpa 1.7 mtpa

31

Bolivia

PLATFORM NO. 1

32

Africa
South Africa Coal Mine in Piet Retief, Mpumalanga 50 MT mineable coal (Anthracite & Lean Bituminous) Annual Production 1 MTPA Distance covered from Mine to Richards Bay Port- 320 km Mozambique Total Area 25,000 hectares 1.2 BnT of mineable coal (coking & thermal) reserves. Distance from Mine to Beira Port-700 km
(120 km Road + 500 km Rail)

Mining License obtained for 25 years on 09th Feb 2011 Production planned from April 2012
33

Asia- Indonesia
Total Area 3587 Hectares
Thermal Coal Mine with reserves of over 250 MT

Mining License & all clearance obtained

Mining to commence in Mar, 2012

Own Jetty at River

Distance to port - 270 Km. (30 Km Road + 240 Km River)

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Resource pool to fuel JSPLs growth

Mine
Tensa Jiraldaburu Bailadila Orissa Jharkand Chhattisgarh

State

Geological Reserve (Mn MT) Domestic Iron Ore

20 80 100

Purpose
Steel Steel Steel

Total Overseas Iron Ore

El Mutun Gare IV / 1 & IV/6 Gare IV / 2 & 3 (JPL) Jitpur & Amarkonda Utkal B 1 Bolivia Chhattisgarh Chhattisgarh Jharkand Orissa

200
20 billion MT Steel Steel & Power Power Power Steel & Power

Domestic Coal
300 270 305 224

Urtan North
Ramchandi (CTL)

M.P.
Orissa

55
1500

Steel & Power

Coal to Liquid & Power

Total Overseas Coal

South Africa Mozambique Indonesia

2634
50 1200 250

35

Total

1,500

Steel business overview Power business overview

Financial overview
Growth drivers Sustainability Initiatives

36

Awards and Achievements

Awards
Ranked 1st as wealth creator in India over five years period - Dalal Street Investors Journal, February, 2010
Features in Forbes Fab 50 list, 2009 & 2010 Innovating Sustainability - CSR Excellence Award by ASSOCHAM - 2010

Ranked 1131 by Forbes in 2009-10 (as against 1793 in FY09) in Global 2000 (Worlds biggest listed companies list)

Achievements

2nd largest value creator in the World BCG, Threading the Needle 2010 based on Total Shareholder return (2005-2009) and 1st largest value creator in Global Mining sector
Manufacturer of longest rail of 121 meter long in the world

Largest coal based sponge iron facility in the world

First Company to produce power from waste heat recovery boiler from sponge iron

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Sustainability Initiatives and Awards

Initiatives
Action
R&R Colonies Fly Ash brick plant O.P. Jindal Institute of Technology & Skills Medical Camps

Location
All Angul, Odisha Angul, Odisha and Patratu, Jharkand Local villages in Odisha, Jharkand, Chhattisgarh

O.P. Jindal Hospital & Research Centre

O.P. Jindal School Modernization of High School O.P. Jindal Industrial Park

Raigarh, Chhattisgarh
Raigarh, Chhattisgarh Patratu, Jharkand Raigarh, Chhattisgarh

Awards
Innovating Sustainability CSR Excellence Award by ASSOCHAM - 2010 Think Odisha Leadership Award in Corporate Social Responsibility 2009, 2008 FICCI Award in recognition of Corporate Initiatives in sports National Energy Conservation Awards - 2007, 2005, 2004, 2003, 2002, 2001

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Thank you

Copyright 2010 Jindal Steel & Power Ltd.