Documente Academic
Documente Profesional
Documente Cultură
Dear Sir(s),
This is to inform you that, in terms of Regulation 30 (6) of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the
Company will hold an Earnings Release Conference Call with investors on Friday
December 9, 2016 to discuss the financial performance of the Company in Q2 of FY16 17.
Also, please find enclosed the investors presentation on industry update & key performance
highlights.
Submitted for your kind information and records please.
Thanking You.
Yours faithfully,
For Jindal Steel & Power Limited
MM Purohit
Company Secretary
Q2 FY17
Industry Update &
Key Performance
Highlights
8th December,
2016
DISCLAIMER
This presentation may contain certain forward looking statements concerning JSPLs
future business prospects and business profitability, which are subject to a number of
risks and uncertainties and the actual results could materially differ from those in such
forward looking statements.
The risks and uncertainties relating to these statements include, but are not limited to,
risks and uncertainties regarding fluctuations in earnings, our ability to manage growth,
competition (both domestic and international), economic growth in India and the target
countries for exports, ability to attract and retain highly skilled professionals, time and
cost over runs on contracts, our ability to manage our international operations,
government policies and actions with respect to investments, fiscal deficits, regulations,
etc., interest and other fiscal costs generally prevailing in the economy. Past performance
may not be indicative of future performance. We do not undertake to update our
forward-looking statements.
This presentation is not intended, and does not, constitute or form part of any offer,
invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell
or otherwise dispose of, any securities in JSPL or any of its subsidiary undertakings or
any other invitation or inducement to engage in investment activities, neither shall this
presentation nor the fact of its distribution form the basis of, or be relied on in
connection with, any contract or investment decision. Few numbers in this presentation
are purely indicative & provisional and could change later.
PRESENTATION OUTLINE
Q2 FY17
OUTLOOK
INDUSTRY
DEVELOPMENTS
BRIEF BACKGROUND
OPERATIONAL
PERFORMANCE
FINANCIAL
PERFORMANCE
1335
10m CY 16
0.1%
1333
Oct 15
Oct 16
132
3.3 %
66
4%
9.1
0.6%
137
World
0.7 %
#1 China
673
69
668
88
0.4%
87
9.1
#2 Japan
6.8 %
#3 India
Source: WSA
74
80
12.3%
7.4
8.3
Manufacturing
9.8
10
8
6
4
3.6
2.1
2.0
1.1
0.7
0.1
0
-2
-1.26 -1.5
-4
12
-0.7
-1.35
10.6
10
8
6
4 2.6
2
0.7
0.7
0.9
0.9
-2.4
0
-2
-2.4
-3.2
12
-0.3
-1.2
-4.4
-4
-2.8
-3.1
-3.4
-6
Mining
4
4.7
3
2.3
4.7
2.9
1.2
1.4
1.3
0.8
0
-0.1
-2
-4
-6
-8
-3.1
-5.6
Electricity
16
14
12
10
8
6
4
2
0
14.6
11.4
11.3
9.6
8.3
6.6
4.7
3.2
0.7
2.4
1.6
0.1
(Qty : Mt)
April- Oct'16
Qty
change
(y-o-y)
Qty
change
(y-o-y)
89.8
0.9%
56.25
8%
11.7
4.08
80.5
25.7%
(27)%
4.6%
4.13
3.57
48.12
(40)%
42.2 %
2.9 %
Source: JPC
-3%
1,545
Fig: in Mt
+1%
46
2014
2015 Drop
0.2%
1,499
1,501
2015
2016 Increase
2016 (e)
Demand
1,510
2017 Increase
2017 (e)
Demand
2016: Global steel demand will increase by 0.2% to 1,501 Mt in 2016, following a contraction of -3.0% in 2015.
2017: Global steel demand will grow by 0.5% and will reach 1,510 Mt.
Source: WSA
PRESENTATION OUTLINE
Q2 FY17
OUTLOOK
INDUSTRY
DEVELOPMENTS
BRIEF BACKGROUND
OPERATIONAL
PERFORMANCE
FINANCIAL
PERFORMANCE
INDUSTRY UPDATE
STEEL SECTOR
480
478
473
445
443
443
433
400
395
380
410
HRC
Plate
380
373
368
355
April
433
355
Aug
Sept
Oct
W1 Nov
W2 Nov
W3 Nov
W4 Nov
Latest
Demonetization
Long Steel Price Trend (FOB China $/MT)
413
403
383
356
355
413
410
403
405
342
355
April
Source: MB
Aug
350
348
Sept
Oct
410
405
Rebar
370
Wire Rod
346
345
W1 Nov
W2 Nov
W3 Nov
W4 Nov
Latest
Billet
Sponge (Pellet)
Scrap (Mandi)
Demonetization
Billet
23300
22800
21550
21550
22000
21400
22250
21000
19550
18800
Scrap
18200
17200
Sponge Iron
13250
13500
Sept
Oct
18800
18000
17500
17000
19500
19100
13800
13100
13100
12300
12750
12900
W4 Nov
Latest
11200
April
Aug
W1 Nov
W2 Nov
W3 Nov
Demonetization
38500
36500
35000
35000
37500
37800
38500
38500
38500
38500
40000
38500
38500
37800
35500
34500
HRC
Plate
33500
April
Aug
Sept
Oct
W1 Nov
W2 Nov
W3 Nov
W4 Nov
Latest
TMT
Demonetization
27500
26900
27300
26600
26800
Wire Rod
27000
25900
26500
24600
26100
25300
24700
23900
24000
24100
Sept
Oct
W1 Nov
25000
22200
April
Aug
W2 Nov
W3 Nov
W4 Nov
Latest
4000
3600
3840
4040
3840
3840
3840
3130
3200
28002900
2800
2650
2600
2700
2500
2500
2400 2420
22152180 2250 2300
2070
1960
1960
2400
2000
Apr'15
May'15
Jun'15
July'15
Aug'15
Sep'15
Oct'15
Nov'15
Dec'15
Jan'16
Feb'16
Mar'16
Apr'16
May'16
Jun'16
July'16
Aug'16
Sep'16
Oct'16
Nov'16
Dec'16
1600
2700
2546
2400
2243
2100
1860
1960
1800
1500
1200
1800
1660
1650
1600
1525
1560
1600
1430
1710
1660
1560
1460
1460
1560
1450
1300
1860
1760
1300
1200
1150
1075
1050
1250
900
Apr'15
May'15
Jun'15
July'15
Aug'15
Sep'15
Oct'15
Nov'15
Dec'15
Jan'16
Feb'16
Mar'16
Apr'16
May'16
Jun'16
July'16
Aug'16
Sep'16
Oct'16
Nov'16
Dec'16
4400
4800
4575
4500
4300
4300
3000
4800
5200
103,000
92,000
80,000
62,500
62,000
63,000
67,000
57,250
W1
April
May
June
July
Aug
Sept
Oct
Nov
last
Week
Latest
27,737
64,500
62,000
60,000
14,750
55,500
55,000
50,500 51,000
12,750
48333
8,649
10,152
8,649
10,152
44,000 43417
5,500
W1
April
May
June
July
Aug
Sept
Oct
Nov
last
Week
Latest
W1
April
May
June
6,500
6,000
7,250
July
Aug
Sept
Oct
Nov
12,750
10,152
last
Week
Latest
75
70
66
65
65
60
60
59
56
55
54
55
50
49
50
45
42
40
35
Jan
May
Jun
Jul
Aug
Sep
Oct
Nov
314
330
310
350
300
283
290
268
270
237
250
230
217
230
210
190
305
239
260
250
213
200
226
210
140
150
190
177
100
75
76
82
100
85
92
May
Jun
102
170
50
150
Jan
Source: Platts
May
Jun
Jul
Aug
Sep
Oct
Nov
Jan
Jul
Aug
Sep
Oct
Nov
4500
4000
3930
4000
3500
3320
3000
3100
3025
2900
2900
2950
2500
2000
Apr'16
Source: Platts
May'16
Jun'16
July'16
Aug'16
Sep'16
Oct'16
Nov'16
International Iron Ore & Pellet Prices trend (CFR China - $/MT)
International Pellet Prices:
increase by 27.5%
92
92
88
85
85
84
83
85
88
90
98
100
96
91
78
71
Source: Platts
73
70
28 Nov'16
21 Nov'16
18 Nov'16
11 Nov'16
5 Nov'16
59
31 Oct'16
59
24 Oct'16
57
17 Oct'16
57
11 Oct'16
55
4 Oct'16
56
28 Sep'16
56
21 Sep'16
56
14 Sep'16
57
9 Sep'16
59
2 Sep'16
59
26 Aug
62
19 Aug
61
12 Aug
5 Aug
61
73
77
Latest
86
88
90
98
109
273
Nov-16
Latest
298
210
232
209
159
117
111
93
Apr-16
82
Aug-16
Sep-16
Oct-16
Nov-16
Latest
66
86
Aug-16
Oct-16
Nov-16
Oct-16
67
Sep-16
Sep-16
83
52
Apr-16
Source: Platts
Aug-16
83
Apr-16
Latest
350
300
310
250
227
200
150
201
100
94
50
81
0
Price in USD/MT, FOB
2015-04-06
2015-05-04
2015-06-01
2015-06-29
2015-07-27
2015-08-24
2015-09-21
2015-10-19
2015-11-16
2015-12-14
2016-01-11
2016-02-08
2016-03-07
2016-04-04
2016-05-02
2016-05-30
2016-06-27
2016-07-25
2016-08-22
2016-09-19
2016-10-17
2016-11-14
2015-04-06
2015-05-04
2015-06-01
2015-06-29
2015-07-27
2015-08-24
2015-09-21
2015-10-19
2015-11-16
2015-12-21
2016-01-18
2016-02-15
2016-03-14
2016-04-11
2016-05-09
2016-06-06
2016-07-04
2016-08-01
2016-08-29
2016-09-26
2016-10-24
2016-11-21
100
90
80
70
60
50
40
30
20
10
0
INDUSTRY UPDATE
POWER SECTOR
(Oct 2016)
307.3
Hydro
14%
212.5
Renewable
s
15%
Thermal
69%
43.1
45.9
Nuclear
2%
5.8
Thermal
Nuclear
Hydro
Renewables
148
161
174
200
224
298
Total
305
307.3
245
Wind 28.1
Solar 8.1
Source: CEA
Bio Mass
4.9
Small
Hydro 4.3
Growth of Renewables
MW
50000
45000
40000
35000
30000
25000
20000
15000
10000
5000
0
Small Hydro
2913
2600
32
Biomass
3804
4014
2632
Wind
4274
4943
6763
4055
4419
3744
4323
4997
8513
3411
3135
941
3643
3601
1686
21136
23444
26769
28083
2014
2015
2016
H1 2017
2605
2168
6
10648
12807
16897
18485
2010
2011
2012
2013
RES Type
WIND
15.62 %
SOLAR
87.62 %
BIOMASS
13.61 %
SMALL HYDRO
7.00 %
Solar
WIND
SOLAR
60 GW
100 GW
Target for
FY 17
4 GW
12 GW
Additions in
Apr-Sep16
1.3 GW
1.75 GW
Coking Coal-25MT
Non-Coking Coal61MT
0.2 % Increase
229.54
H1 FY16
230.06
H1 FY17
A. Imported (MT)
86
B. Domestic (MT)
230
% Ratio - A/(A+B)
37 %
H1 FY17
H1 FY17
Energy Deficit
0.0%
-0.5%
-1.0%
-1.5%
-2.0%
-2.5%
-3.0%
-3.5%
-4.0%
-4.5%
Peak Deficit
-0.7%
-3.2%
-0.7%
-4.0%
Sep-15
Sep-16
PRESENTATION OUTLINE
Q2FY17
OUTLOOK
INDUSTRY
DEVELOPMENTS
BRIEF BACKGROUND
OPERATIONAL
PERFORMANCE
FINANCIAL
PERFORMANCE
Business Segments
Steel
Mines &
Minerals
Power
Global
Ventures
Construction
Material &
Solution
IPP 3400** MW
CPP 1634 MW
Renewable 24 MW
3.11 MTPA*
*Domestic
**Includes 600 MW - synchronized & will be commissioned in FY17
2 MTPA Steel
6.25 MTPA Mines
Cement
Road solutions
LGS
Iron Making
Liquid Steel
Finished Steel
(6.75 MTPA)
(7.10 MTPA)
(6.55 MTPA)
WRM 0.60 MTPA
DRI 3.12
MTPA in
Capacity
deail
BF 2.13 MTPA
Angul
Barbil
Patratu
(Chhattisgarh)
(Odisha)
(Odisha)
(Jharkhand)
BF 2.125
MTPA
DRI 1.32
MTPA
SMS
3.6MTPA
CGP
225,000
Nm3/Hr
DRI 1.8 in
Capacity
MTPA
deail
Plate Mill
1.00 MTPA
SMS 1.5
MTPA
RUBM 0.75
MTPA
MLSM 0.60
MTPA
CPP 839
MW
WRM
0.60
MTPA
Pellet
Plant
Rebar
Mill 1.0
MTPA
CPP 810
MW
Power
Hot Metal
SMS 2.0
MTPA
JPL
Mining
Tamnar
2800
MW
Iron Ore
3.11
MTPA
600
MW*
Coal
Overseas
6.20
MTPA
HBI 1.5
MTPA
9 MTPA
Plate Mill
1.2 MTPA
Oman
BRM 1.4
MTPA
Liquid Steel
Finished Steel
** To be commissioned
Steel
Insights into few products
Power plant
High rise Buildings
Segments Served
Bridges
Stadiums / Airports
Industrial Buildings
CSB offers solution package of all JSPLs products to various target markets
RAW MATERIALS
PLATES
ROLLED SECTIONS
(PLATE MILL) (RUBM/MLSM)
COIL
TMT
(BAR MILL)
LGS/ MGO
CEMENT PLANT EPS PLANT
(All Tech )
FINISHED PRODUCTS
STRUCTURAL
STEEL
SPEEDFLOOR
WELDMESH/
CUT BEND
DRY WALLS
JGRS
EPS
CONSTRUCTION SOLUTIONS
BUSINESS
APPLICATIONS
HIGH RISE
STEEL BUILDINGS
MULTI LEVEL
CAR PARKS
ROAD
BRIDGES
STADIUMS
AIRPORTS
ROADS &
PAVEMENTS
Products
Cost effective
Zero wastage
Stirrup
Minimum storage
Reduced dependency on manpower
Cut Straight
Weldmesh
Tamnar 2(a)
Satara (b)*
Capacity
(MW)
Fuel
Configurati
Status
on
1,000
Coal
4x250 MW Operational
2,400
Coal
1,800 MW
operational,
4x600 MW
balance 600 MW
synchronized
24
Wind
18x1.5 MW Operational
Raigarh
Tamnar
Angul
Project
Capacity
(MW)
Fuel
Configuration
Status
Satara
DCPP, Raigarh
IPP
540
Coal
JSPL, Raigarh
284
Coal &
waste
heat
Angul, Odisha
810
Coal
CPP
4x135 MW
Operational
2x25 MW & 40 MW
(Waste heat)
2x55 MW
3x25 MW
24 MW
Operational
6 x135 MW
Operational
*Divestment announced
EUP -I
1000MW (4 X 250)
EUP -II
1200MW (2 X 600)
EUP -III
1200MW (2 X 600*)
PPA Arrangements
Period
Project
Tamnar II
(Phase 1)
Tamnar II
(Phase 1)
Tamnar II
(Phase 1)
Buyer
Tamil Nadu
Type
From
To
Long Term
Feb-14
Sep-28
400
Long Term
Jun-16
May-41
200
Long Term
Oct-17
Sep-42
150
KSEB
Tamnar II
(Phase 1)
Long Term
After commercial
operation of Unit and for
complete life of plant
60
Long Term
After commercial
operation of Unit and for
complete life of plant
60
Chhattisgarh
Tamnar II
(Phase 2)
Quantum
(MW)
Coal Block
FSA
e-auction
TNEB 400MW
PPA
Bilateral/short term/
merchant
CSEB 60MW
CSEB 60MW
KSEB 200MW
KSEB 150MW
Evacuation
against PPAs
Raw materials, transmission & PPAs in place for achieving higher PLF
Copyright @ 2015 Jindal Steel & Power Limited
Mozambique,
Africa
Developing a 3 MTPA
coal mine in
Mozambiques coal-rich
Moatize region
Coal resources
estimated at 1.2 bn
tonnes including coking
coal
Australia
Oman
2 MTPA Steel plant
Australia
Coking Coal
South Africa
Anthracite Coal
Mozambique
Thermal/ Coking Coal
PRESENTATION OUTLINE
Q2 FY17
OUTLOOK
INDUSTRY
DEVELOPMENTS
BRIEF BACKGROUND
OPERATIONAL
PERFORMANCE
FINANCIAL
PERFORMANCE
Performance highlights
JSPLs Consolidated Steel Sales for Q2FY16-17 were 1.08MT up 12% YoY (0.97MT in Q2FY1516)
JSPLs Consolidated Steel Production for Q2FY16-17 was 1.16MT up 13% YoY (1.03MT in
Q2FY15-16)
1.4 MTPA Angul Rebar mill stabilized and all sections produced.
Performance Highlights
Oman
Raipur
Machinery
Division
Secured Approval for supply of various castings & heavy fabricated items
Dispatched 2 nos of IBR approved U-Stamp Pressure Vessels which are highest pressure rated
vessel supplied by JSPL Machinery Division, Raipur
Construction
Solution
Break through orders for the supply of structures to the Building Segment
Secured prestigious G+31 storied project of NCR for supply of structures
Secured Raigarh - Pathalgaon Road project
Post plant approval from RDSO, Successfully executed the first Railway Overbridged (ROB) in
record time.
CE Certification of Plant Now we can export fabricated steel structures to Europe
SSD Punjipatra
1.32
1.6
1.4
1.03
1.07
1.16
0.35
1.2
1.19
0.18
0.29
0.85
0.78
Q2FY16
Q3FY16
0.35
0.28
0.84
0.88
Q1FY17
Q2FY17
0.8
0.6
0.4
0.97
0.2
0
Q4FY16
Jindal Shadeed
*Quarter on Quarter
JSPL
1.4
1.6
1.4
0.97
0.99
0.19
0.25
1.08
0.33
0.27
0.78
0.81
Q1FY17
Q2FY17
0.4
1.2
1.11
0.8
0.6
0.4
0.78
0.74
Q2FY16
Q3FY16
0.2
0
Q4FY16
Jindal Shadeed
JSPL
PRESENTATION OUTLINE
Q2 FY17
OUTLOOK
INDUSTRY
DEVELOPMENTS
BRIEF BACKGROUND
Analyst Presentation
OPERATIONAL
PERFORMANCE
FINANCIAL
PERFORMANCE
49
50
51
Future focus
For any information please contact: Mr. Nishant Baranwal Head, Investor Relations
Tel : +91 11-41462198
Mobile:+91 8800690255
Email: - nishant.baranwal@jindalsteel.com
THANK YOU