Q3 FY’16 - Jindal Steel and Power · Industry Update - Coal, Power and T&D Long Term Coal Linkage...
Transcript of Q3 FY’16 - Jindal Steel and Power · Industry Update - Coal, Power and T&D Long Term Coal Linkage...
Q3 FY’16
Industry Update &
Key Performance Highlights
13th February, 2015
DISCLAIMER This presentation may contain certain forward looking statements concerning JSPL’s 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 it’s subsidiary undertakings or any other invitation or inducement to engage in investment activities, neither shall this presentation nor the fact of it’s distribution form the basis of, or be relied on in connection with, any contract or investment decision. The numbers in this presentation are purely indicative and could change later.
2 Analyst Presentation
STEEL OUTLOOK
Q3
FY’16
INDUSTRY
DEVELOPMENTS
OUR
FACILITIES
FINANCIAL
PERFORMANCE
OPERATIONAL
PERFORMANCE
3
PRESENTATION OUTLINE
1670
1140
169 121 106
45 30 15
1623
1114
166 111 102
44 30 15
World Asia EU (28) North America CIS South America Middle East Africa
CY 14 CY 152.8%
1.8 %
2.5 % 0.5 %
Global Steel performance during CY ‘15
4 13 February 2016
4.3 %
0.2%
Fig in (Mt)
2.3%
8.6 %
World Crude Steel Production down 3% Y-O-Y All steel producing regions recorded decline in
crude production
Source: WSA
India became 3rd largest Steel producing country in the world
5 13 February 2016
CY 14
#1 China
#2 Japan
#3 India
#4 USA
CY 15
Global Crude production Rank 823
804
111
105
87
90
88
79
2.3%
5%
2.6%
10.5%
Source: WSA
200
194
28
26
21.8
21.9
22
18
Q3 FY 15 Q3 FY 16
3.3%
4.3%
0.7 %
15.6%
Global Steel over capacity leads to continued lower utilization
6 13 February 2016
79.8%
76.9%
74.2%
69.5%
73.4% 72.5%
72.2%
68.0%
69.3%
68.3%
66.9%
64.6%
20
11
20
12
20
13
20
14
Jan
Feb
Mar
Ap
r
May Jun
Jul
Au
g
Sep
Oct
No
v
Dec
2015
# More than 750 Mt of global steel capacity remains
unutilized
Source: WSA
Crude Production: o April – Dec ‘15: Crude steel production grow up by 1 % (y-o-y) only.
Real Consumption of Steel: o April – Dec ‘15 : India’s Consumption of finished steel grow by 4 % (y-o-y)
Imports
o April – Dec ‘15: increased by 29 % (y-o-y)
Exports o April – Sept‘15: Exports down by 30 % (y-o-y)
How the Indian Steel Industry fared during April- Dec‘15 (source: JPC)
(Qty :million MT) FY ‘15 April – Dec ‘15
Qty change (y-o-y) Qty
change (y-o-y)
Production: Crude Steel 88.3 8% 67.1 1%
Finished Steel (Non Alloy+Alloy)
Import 9.3 71% 8.4 29%
Export 5.5 (8)% 2.9 (30)%
Real Consumption 76.4 3% 58.9 4%
Source: JPC
Source: *The Economist Intelligence Unit, Global Forecasting Service, dated June 17, 2015; # World Steel Association 3
India’s per capita steel consumption at 59.4 Kg below World average of 217 Kg (2014)*
Consumption of steel products is bound to increase with economic growth. Key initiatives being undertaken by Government would propel Steel demand:
• Housing for all by 2022
• “Make in India” lead to localization of manufacturing
• 24x7 Power for All initiative by 2019
• 100 Smart Cities by 2022
• AMRUT, Bullet Trains & Metro Rails, Railway Corridors, Dedicated Freight
Corridors
• 175,000 MW Clean-Energy initiative by 2022
India will continue to grow & Consume More Steel
STEEL OUTLOOK
Q3
FY’16
INDUSTRY
DEVELOPMENTS
OUR
FACILITIES
FINANCIAL
PERFORMANCE
OPERATIONAL
PERFORMANCE
9
PRESENTATION OUTLINE
INDUSTRY UPDATE STEEL SECTOR
10
Domestic Iron Ore prices
11 13 February 2016
Iron Ore Lump Prices Iron Ore Fines Prices
Odisha’s iron ore fines prices decreased by - 11% since Apr’15 - 45% since Oct’15 Chhattisgarh’s iron ore fines prices decreased by - 37% since Apr’15 - 49% since Oct’15
Odisha’s iron ore lumps prices decreased by - 51% since Apr’15 - 26% since Oct’15 Chhattisgarh’s iron ore lumps prices decreased by - 46% since Apr’15 - 28% since Oct’15
4400
4030
3820
3550 3325
3000 2900
2150
4040
3840 3840
3840
3840
2900
2215 2180
1600
2000
2400
2800
3200
3600
4000
4400
4800
5200
Pri
ce in
Rs/
t (e
x-m
ine
s)
Odisha DR Lumps (5-18mm, Fe 62-63%)Chhattisgarh DR Lumps (6-40mm,Fe 65.5%)
1800
1650 1600
1525 1430
1600
1450 1300
2546
2243
1960
1660 1660 1660 1560
1560
1560
900
1200
1500
1800
2100
2400
2700
3000
Pri
ce in
Rs/
t (e
x-m
ine
s)
Odisha Fines (0-10 mm, Fe 63%)
Chhattisgarh Fines (0-10 mm, Fe64%)
Declining Pellet Prices
12 13 February 2016
Pellet Prices at Barbil-Keonjhar region witnessed a fall of 44% since Apr’15 & by around 16% since Oct’15
5350
4775
4350
4075 4200
4400
3570
3200
2700 2900 3000
2000
2500
3000
3500
4000
4500
5000
5500
6000
Apr'15 May'15 Jun'15 July'15 Aug'15 Sep'15 Oct'15 Nov'15 Dec'15 Jan'16 Feb'16
Pel
let
Pri
ces
(Rs/
MT)
Avg. Pellet Price Trend in Eastern India
Domestic Finished steel price trend (Oct’15-Feb’16)
13 13 February 2016
30103
26896
25852
27124
23000
24000
25000
26000
27000
28000
29000
30000
31000 Domestic : Flat Steel Price Trend
HR Coil- Delhi HR Plate- Delhi
25600 25500
27400
23000
24600
26000
22000
23000
24000
25000
26000
27000
28000
Domestic : Long Steel Price Trend
Wire Rod-Raipur TMT Rebar- Raipur
Domestic Semis & intermediaries price trend (Oct’15-Feb’16)
14 13 February 2016
24860
23590
22650
25700
19685
18440
17400
20000
14250
12450
12700
13900
11000
13000
15000
17000
19000
21000
23000
25000
27000
Domestic Semis & Intermediaries: Price Trend
Pencil Ingot- MandiScrap (HMS 80:20)- MandiSponge Iron- Raipur
INDUSTRY UPDATE POWER SECTOR
15
Source: CEA
198.5
5.8
42.6 38.8
285.7
Thermal Nuclear Hydro Renewables Total
Installed Capacity (GW) in India
Thermal 69%
Nuclear 2%
Hydro 15%
Renewables 14%
Wind 25.1
Solar 4.3 Bio Mass
4.7 Small
Hydro 4.1
Renewables (GW) Portfolio
Installed Capacity Portfolio
10610
11226
Apr'14 - Dec'14 Apr'15 - Dec'15
Generation Capacity Addition in MWs Y-o-Y
5.81% Increase
Installed Capacity in India (Dec 2015)
280 GW in Q2FY16
794.7
829.8
H1+Q3 FY15 H1+Q3 FY16
Electricity Generation in BUs
4.4 % Increase Y-o-Y
-3.0% -3.6%
-1.6% -1.7%
-4.0%-3.5%-3.0%-2.5%-2.0%-1.5%-1.0%-0.5%0.0%
Energy Deficit Peak Deficit
Dec-14 Dec-15
Major Highlights (Dec 2015)
15 18 20 27 31 34 37 40
85 82 80 73 69 66 63 60
2009 2010 2011 2012 2013 2014 2015 H1+Q3 FY16
Ever Increasing % Share by Private Sector Private Government
Increasing Private Share in Capacity and reducing % PLF
149 160 174 200 224 245 272 285
77% 78% 75% 73% 70% 66% 66% 61%
0%
20%
40%
60%
80%
100%
0
50
100
150
200
250
300
2009 2010 2011 2012 2013 2014 2015 H1+Q3 FY16
Total Capacity % PLFINSTALLED CAPACITY (GWs) vs PLF (%)
Coal Block Auction
• In January, Govt annulled 4th round of 9 coal block auctions for non-regulated sector due to muted
response
Industry Update - Coal, Power and T&D
Long Term Coal Linkage
• Long term Fuel linkage will now be done only via auction for un-regulated sector by CIL & SECL, 24MT in the 1st year.
UMPP Revised
Documents
• Power Ministry will seek Cabinet approval for revised bidding documents for Ultra Mega Power Projects (UMPPs)
• Bid documents have been finalised and 3 plants in Bihar, Odisha & Tamil Nadu will be auctioned by March-end entailing an investment of over Rs 80,000 crore.
New Tariff Policy
• The Cabinet has approved amendments to the power tariff policy . Some highlights of the Policy Amendments are : Microgrids for remote unconnected villages and small power plants near coal washeries Allows sale of un-requisitioned power in the spot market Mandatory minimum purchase for clean energy No inter-State transmission charges and losses to be levied for solar and wind power. Allows cost pass-through for use of imported and e-auctioned coal All new inter-state transmission projects through competitive bidding Smart meters compulsory for consumption over 200 units
‘ UDAY-Ujjwal Discoms Assurance Yojana ’Scheme for DISCOMS
• The Cabinet has cleared the debt-recast and reform package to revive loss-making DISCOMs. As of March 2015, the DISCOMs accumulated losses of INR 3.8 trillion (2.8% of GDP) with their outstanding debt nearly doubling over the last three years to INR 4.3 trillion. The Plans includes following initiatives : Improving Operational Efficiency : Reduce AT&C Losses to 15% in 2018-19 / Smart Grids & Smart Metering
/ Reduce gap between cost and revenue from Power / Up gradation of Network / GIS Mapping of losses Reduction in Power Costs : Coal Swapping, Better Linkages, cheap domestic coal, Increased supplyPrice
Rationalization, Correct Tariff Fixation Reduction in interest costs : States shall take over 75% of DISCOM debt as of Sep15 – 50% in FY16 and 25%
in FY17. States will issue Non-SLR bonds in lieu of the debt and the remaining 25% will be converted by Banks/FIs into loans/Bonds.
Enforcing financial discipline : Future losses of DISCOMs will have to be taken up by states in a phased manner, starting from FY18. Working capital allowed will be only 25% of DISCOM’s last year’s revenue.
Additional Benefits for states accepting schemes on achievement of operational milestone : priority funding through DDUGJY, IPDS / additional coal at notified prices / low cost power from NTPC
Policy Interventions : Segregation of carriage from content / Rationalize tariff determination process / recovery of revenue by Licensees without any revenue gap / Renewable Energy Generation Obligation (RGO) on all future coal and lignite based power plants
• 15 States have agreed to join UDAY Scheme as on date
STEEL OUTLOOK
Q3
’FY16
INDUSTRY
DEVELOPMENTS
OUR
FACILITIES
FINANCIAL
PERFORMANCE
21
PRESENTATION OUTLINE
OPERATIONAL
PERFORMANCE
Steel Power Mines & Minerals
Global Ventures
Current Capacities – Domestic & Global
Business Segments
• Domestic **Includes 600 MW - synchronized & will be commissioned in FY16
Construction Material &
Solution
22
4.75 MTPA Steel* 3.11 MTPA* IPP – 3400** MW
CPP – 1649 MW Renewable – 24 MW
2 MTPA Steel 6.25 MTPA Mines
Cement
Road solutions LGS
Copyright @ 2015 Jindal Steel & Power Limited
Capacity in deail
Hot Metal
(6.75 MTPA)
BF 2.13 MTPA
DRI 3.12 MTPA
HBI 1.50 MTPA
Liquid Steel
(6.75 MTPA)
SMS 6.75 MTPA
Finished Steel
(5.25 MTPA)
WRM 0.60 MTPA
RUBM 0.75 MTPA
MLSM 0.70 MTPA
Plate Mill 2.20 MTPA
BRM 1.0 MTPA
Steel Capacities across Life Cycle
** To be commissioned 23 Copyright @ 2015 Jindal Steel & Power Limited
BRM 2.8* - Will be commissioned by 1QFY17 Effective Finished Steel 8.05 MTPA
Capacity in deail
Raigarh
(Chhattisgarh)
SMS 3.25MTPA
BF 1.67 MTPA
DRI 1.32 MTPA
Plate Mill 1.00 MTPA
RUBM 0.75 MTPA
MLSM 0.70 MTPA
CPP 839 MW
Angul
(Odisha)
SMS 1.5 MTPA
DRI 1.8 MTPA
CGP 225,000 Nm3/Hr
Plate Mill 1.2 MTPA
CPP 810 MW
Barbil
(Odisha)
Pellet Plant
9 MTPA
Patratu
(Jharkhand)
WRM 0.60
MTPA
Rebar Mill 1.0 MTPA
Oman
SMS 2.0 MTPA
HBI 1.5 MTPA
JPL
Tamnar 2800 MW
600 MW*
Mining
Iron Ore 3.11
MTPA
Coal Overseas
6.20 MTPA
Detailed plant wise capacities
** To be commissioned
Power Hot Metal Liquid Steel Finished Steel
24 Copyright @ 2015 Jindal Steel & Power Limited
JSPL diversifies into Value added products – will boost EBITDA margins
Speed Floor LGS Cement
Road Stabilizer Bricks & Pavers EPS Panels LWA
Welded Mesh Cut & Bend
25
Angul
Satara
Tamnar
Raigarh Captive power projects (within JSPL)
Project Capacity
(MW) Fuel Configuration Status
DCPP, Raigarh 540 Coal 4x135 MW Operational
JSPL, Raigarh 299 Coal & waste heat
2x25 MW & 40 MW (Waste heat)
2x55 MW 3x25 MW
24 MW
Operational
Angul, Odisha 810 Coal 6 x135 MW Operational
Independent Power Projects (IPP)
Project Capacity
(MW) Fuel
Configuration
Status
Tamnar 1(a) 1,000 Coal 4x250 MW Operational
Tamnar 2(a) 2,400 Coal 4x600 MW
1,800 MW operational, balance 600 MW synchronized
Satara (b) 24 Wind 18x1.5 MW Operational
(a) Within JPL; (b) Within JSPL
IPP CPP
One of the largest thermal portfolios in India
JSPL - Power Capacities
26 Copyright @ 2015 Jindal Steel & Power Limited
96.43% subsidiary of JSPL
JINDAL POWER LIMITED
27
EUP -I 1000MW (4 X 250)
EUP -II 1200MW (2 X 600)
EUP -III 1200MW (2 X 600*)
*600 MW Synchronized, Await Commissioning
Tamnar-I, 1,000 MW (EUP I)
Awaiting clarity on Tara Coal Block
In the interim, coal sourced through – market purchase and e-auction
Bilateral/short term/ merchant
258km transmission line from plant to national grid
Tamnar-II - 1,200 MW (EUP II)
Long term linkage from Mahanadi Coal Limited (MCL) and South Eastern Coalfields Limited (SECL)
TNEB – 400MW
CSEB – 60MW
KSEB – 200MW
KSEB – 150MW
Full Open access for 400MW TNEB PPA commenced from Oct 2015
Tamnar-II - 1,200 MW (EUP III)
Awaiting clarity on Gare Palma IV/2 & 3 Coal mine
Market purchase and e-auction
CSEB – 60MW
Open access to be finalised against PPAs
FSA
PPA
Evacuation
Raw materials, transmission & PPAs in place for achieving higher PLF
(a) Excluding auxiliary consumption
Key Contractual Arrangements for JPL
28 Copyright @ 2015 Jindal Steel & Power Limited
Project Buyer Type
Period Quantum (MW) From To
Tamnar II
(Phase 1) Tamil Nadu Long Term Feb-14 Sep-28 400
Tamnar II
(Phase 1) KSEB
Long Term Jun-16 May-41 200
Tamnar II
(Phase 1) Long Term Oct-17 Sep-42 150
Tamnar II
(Phase 1)
Chhattisgarh
Long Term After commercial
operation of Unit and for complete life of plant
60
Tamnar II
(Phase 2) Long Term
After commercial operation of Unit and for
complete life of plant 60
PPA Arrangements
Over 30% of total capacity tied up *
* Out of 3400 MW (IPP) 29 Copyright @ 2015 Jindal Steel & Power Limited
Upcoming PPAs
Procurer Type Quantum (MW) Schedule delivery Tenure (years)
Uttar Pradesh Long Term 2,800 Oct-16 15
Bihar Long Term 500 3 year after
submission of RFP NA
Uttar Pradesh Long Term 1,000 Oct-16 15
JPL - Well placed on account of low capital cost base
30 Copyright @ 2015 Jindal Steel & Power Limited
• Tamnar II (Phase 1):
350 MW KSEB PPA, transmission corridor is expected from Jun-16
• Long term access from WR to NR granted for 557 MW is expected to be available by Jun-16 upon commissioning of Champa – Kurukshetra HVDC link (3,000 MW). This will be useful for power sale to UP
• No constraint in power evacuation to Western and Eastern Region entities including Bangladesh, where we have participated for 250 MW power supply
Kolhapur
Narendra
Wardha
Warangal
Warora
Nizamabad
Raigarh P.S
Pugalur
Jaipur
Kurukshetra
Champa Jabalpur
Orai
Gwalior
Banaskantha
Chittorgarh
Gorakhp
ur
Barh
Gaya
Vanara
si
3000 MW
+ 3000
MW
6000
MW
S
R
WR
NR
ER
NE R
Oct’1
5
Shujalpu
r` Ang
ul
Srikakulam
Dharamjaigarh Ranc
hi Jharsugu
da
Rapp
C&D
Bishwanath Charali
Agra
Legends:
400 kV D/C Line
765 kV D/C Line
765 kV S/C Line
800 kV HVDC Line
Rihan
d
Vidhyanchal
Transmission constraints expected to be resolved in the near term
Upcoming Transmission Infrastructure
31 Copyright @ 2015 Jindal Steel & Power Limited
Developing a coal mine
(3 MTPA) in
Mozambique’s coal-rich
Moatize region
Coal resources
estimated at 1.2 bn
tonnes including coking
coal
Mozambique, Africa
JSPL’s Kiepersol Colliery produces Anthracite
coal, sold domestically and internationally Plans
to ramp up capacity
South Africa, Africa
Botswana, Africa Acquired CIC Energy in 2012 for 120 mn USD
Coal Mine with Resource of over 3 bn MT (high
grade thermal coal)
Acquired 82.04% controlling
stake in Wollongong Coal
(Erstwhile Gujarat NRE coking
coal Limited)
Australia
1.5 MT HBI & 2 MT SMS Plant –
plans to make it an Integrated
Steel Plant
Shadeed, Oman Medium to large size
deposits of prime hard
coking and low ash – low
sulphur thermal coal for
open-cast operation
Indonesia, Asia
Summary of International Operations
Copyright @ 2015 Jindal Steel & Power Limited 32
Oman
Holding structure for global operations
Jindal Steel & Power Ltd
Listed Operating Entity in India
Australia
Coking Coal
South Africa
Anthracite Coal
Mozambique
Thermal/ Coking Coal
Jindal Steel & Power (Mauritius) Ltd
Holding company for overseas business
2 MTPA Steel plant
Copyright @ 2015 Jindal Steel & Power Limited 33
Jindal Shadeed Iron & Steel, Oman
Marching towards becoming a Fully Integrated Steel Plant
1.5 HBI 2 MTPA SMS 1.4 MTPA Rolling Mill (By 4QFY16)
34 Copyright @ 2015 Jindal Steel & Power Limited
35
First & Largest Integrated steel plant of Oman
Third largest in Arabian Peninsula
Port based steel plant
Largest Arc furnace in Arabian Peninsula, with contracted natural gas
Worlds Best Performing Midrex plant (category 1.5MTPA)
Products : HBI, Blooms & Billets
Salient Features
Copyright @ 2015 Jindal Steel & Power Limited
In July 2010, JSPL acquired Shadeed Iron & Steel Co. LLC
• Gas-based 1.5 MTPA HBI plant
commenced production in
January 2011
• Commissioned SMS of 2 MTPA
in April 2014
• 1.4 MTPA Rebar to be
commissioned in 4QFY16
36 Copyright @ 2015 Jindal Steel & Power Limited
37
• Total Project Cost: USD 190 million
• Expected to be commissioned in 4Q FY 2016
Rolling Mill
1.4 MTPA Rebar Mill
38
• Iron Ore Pellets from Vale (Next door neighbour)
• Natural Gas from Oman Government through long term contract (at concessional
prices)
• Scrap from External Purchase
Sourcing of Raw Materials - Oman Plant
Sales break up by customer (FY-15) Sales break up by geography (FY-15)
US
Others
Conares
Sohar Steel Emirates
JSW
Al- Wataniyah
Arcellor
Vilmeks
Fecat
UAE
Kuwait
Others
Oman
India
China
Ethiopia
South Africa
South Korea
Italy Saudi Arabia
Key Markets
STEEL OUTLOOK
Q3
FY’16
INDUSTRY
DEVELOPMENTS
OUR
FACILITIES
FINANCIAL
PERFORMANCE
39
PRESENTATION OUTLINE
OPERATIONAL
PERFORMANCE
Analyst Presentation
A) STEEL BUSINESS
• 19% growth in Steel Production in Q3 y-o-y (1.07 million MT in Q3 FY 16 vs 0.89 million MT in
Q3 FY15)
• Two fold growth in TMT Retail sales in Q3 y-o-y • Secured order of Prime rails for DFCC
Ever highest Monthly Rail despatch in Jan – 16
Launch of E- Commerce portal for TMT
Performance highlights
40 13 February 2016
• JSPL-Barbil Pellet Plant awarded with most prestigious JIPM award for TPM –Excellence
• First pellet plant in the world to be conferred with this JIPM award
• Jindal Shadeed won following laurels
• Prestigious “Sultan Qaboos Award” for Industrial Excellence by the Ministry of Commerce and Industry on February 9, 2016
• 2016 Steel Manufacturing Product Line Strategy Leadership Award, GCC'', at GIL 2016: Middle East, Dammam, Saudi Arabia on February 10, 2016
• Jindal Shadeed have received 2 Awards from Midrex
For the achievement of 5 Million tons of production within 4 years of Operation [2011 – 2014]
For the achievement of Exceptional annual operational availability for the year 2014 - 98.51%. (Total 3 plants have received the awards out of 72 Midrex DR Plants in the world, and Jindal Shadeed stands number 2.)
• JSPL Raigarh got placed in Limca book of world records’ for manufacturing longest 121
meter long single piece track rail
• JPL received “Par Excellence Award for 5’S implementation” by QCFI on 7th Nov’15
Awards & Recognitions
41 13 February 2016
Consolidated Steel Production
Total Steel Production up 19%*
Copyright @ 2015 Jindal Steel & Power Limited 42 *Year on Year
1.07
Consolidated Steel Sales Volumes
Total Steel Sales volumes up 23%*
Copyright @ 2015 Jindal Steel & Power Limited 43 *Year on Year
THE PANTHER ADVANTAGE Construction TMT Rebars
44 Copyright @ 2015 Jindal Steel & Power Limited
Compelling Brand Recall
Customer centric B2C Model
Panther epitomizes strength & agility – the brand promise
Jindal Panther – USP
Excellent bonding with cement
Uniform Parallel Rib Pattern
Earthquake Resistant
Corrosion Resistant
Greater Resistance to Fire
Key Customers
45 Analyst Presentation
STEEL OUTLOOK
Q3
FY’16
INDUSTRY
DEVELOPMENTS
OUR
FACILITIES
FINANCIAL
PERFORMANCE
46
PRESENTATION OUTLINE
OPERATIONAL
PERFORMANCE
Analyst Presentation
47 - -
Standalone Q3 FY 16 –Snapshot of Key Financials
48 - -
Consolidated Q3 FY 16 –Snapshot of Key Financials
49 - -
JPL–Snapshot of Key Financials
2014-15
Q3 Q2 Q3
Turnover 815 889 825
EBITDA 186 168 414
EBITDA% 23% 19% 50%
PBT 51 61 (798)
PAT 38 45 (758)
Depreciation + Amortization 130 130 131
Cash Profit 171 178 -532
Generation (million units) 2,580 2,728 2699
PLF (%) - 4X250 MW 70% 60% 96%
PLF (%) - 3X600 MW 26% 35% 20%
Particulars2015-16
Key Initiatives for FY16
Copyright @ 2015 Jindal Steel & Power Limited 50
Capacity Utilization Operational Efficiency
Financial Prudence
• Reduce Working capital – Receivables & Inventories
• Skill Enhancement to enable multitasking & productivity improvements
(PBO)
• Go for volume to ensure full capacity utilization
• Focus on “Value Added Products”
• Thrust on Heavy Fabrication business
• Commission Rebar mill in Angul
• Operationalize mines in Australia
• Diversify into High Rise building segment and Low cost housing segment &
offer complete package of Steel and Construction material
Key Priorities & Focus Areas
51 13 February 2016
- - 52
Centrade Business Park, KRasa, Noida (Structure,Speedfloor)
- -
Dharamsala Cricket Stadium Extension
For any information please contact: - Mr. D.Balasubramanyam – Head of Investor Relations Tel: +91 11-26739166 Mobile: +91 8130755166 Email: - [email protected] Mr. Nishant Baranwal – Investor Relations Tel : +91 11-26739178 Mobile:+91 8800690255 Email: - [email protected]
54 Analyst Presentation
THANK YOU
55 27 May,2015 Analyst Presentation