WIXLIB

05th July, 2022BSE LimitedCorporate Relationship Department,1st Floor, New Trading Ring,Rotunda Building, P J Towers,Dalal Street, Fort, Mumbai – 400 001Ph. 022 - 2272 3121, 2037, 2041,Email: corp.relations@bseindia.comNational Stock Exchange of India Ltd.Exchange Plaza, 5th Floor,Plot no. C/1, G BlockBandra-Kurla Complex, Bandra (E),Mumbai-400051Ph. 022 -2659 8237, 8238, 8347, 8348Email: cmlist@nse.co.inSecurity Code No.: 532508Security Code No. : JSLSub.: Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015 - Corporate Presentation.Dear Sir,Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligationsand Disclosure Requirements) Regulations, 2015, we are enclosing herewith the CorporatePresentation of Jindal Stainless Limited ("the Company"). The same is also being uploadedon the website of the Company- www.jslstainless.com.Please take the above information on record.Thanking you.Encl: A/a

Corporate PresentationJINDAL STAINLESS LIMITED

DisclaimerThis presentation and the accompanying slides (the “Presentation”), which has been prepared by Jindal Stainless Limited (the "Company"), has been preparedpurely for information purposes only and is not, and is not intended to be, an offer, or solicitation of offer, or invitation or recommendation or advise to buy or sell ordeal with any securities of the Company, and shall not constitute an offer, solicitation or invitation or recommendation or advise to buy or sell or deal with anysecurities of the Company in any jurisdiction in which such offer, solicitation or invitation or recommendation or advise is unlawful or in contravention of applicablelaws. No part, or all, of this Presentation shall be used or form the basis of, or be relied on or referred to in connection with, any contract or investment decision inrelation to any securities of the Company. This Presentation is strictly informative and relating to the financial conditions, internal functioning, day to day operations,future events and projections etc. of the Company and this presentation shall not be used or relied upon or referred to in whole or in part, for any purposewhatsoever. The information in this Presentation is being provided by the Company and is subject to change without any notice or liability. This Presentation hasbeen prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty,express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, veracity, fairness, integrity, sufficiency and reasonableness ofthe contents of this Presentation. This Presentation may not be all inclusive and exhaustive and may not contain all of the information that you may considermaterial. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This Presentation contains statements about futureevents and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similarimport. Any statement in this Presentation that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks,uncertainties, contingencies and other factors which may cause our actual results, performance or achievements to be materially different from any future results,performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in thisPresentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on whichsuch future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in thePresentation. The Company assumes no obligations or responsibility to update the forward-looking statements contained herein to reflect actual results, changes inassumptions or changes in factors affecting these statements. You unconditionally and irrevocable acknowledge and undertake that you will be solely responsiblefor your own assessment of the market, the market position, the business and financial condition of the Company and that you will conduct your own analysis andbe solely responsible for forming your own view of the potential future performance of the business of the Company. All the risks, liabilities or consequences arisingout of or consequent to the use of or reliance on or reference to this Presentation and/or acting on the basis of the analysis/views formed by you, shall be solelyborne by you. This Presentation speaks as of the date mentioned herein. Neither the delivery of this Presentation nor any further discussions of the Company with anyof the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.2

Content31Overview2Stainless steel Sector Dynamics &Diversified Applications3Merger Overview4Capex Overview5Annexure

Overview4

Snapshot5Jindal Stainless – Pioneers of the stainless steel industry in India#1Stainless steel playerin India 5Decades of GroupExcellence 8001.1Mn TonneAcre Total Land Area(Infra and otherfacilities in-place forbrownfield expansion)Per Annum stainless steelCapacity – with scalableinfrastructure in -placeNote: *Standalone financials 25%40 Domestic MarketShareExports to countries203bn Rs.FY22 Revenues (Net)*28bn Rs.FY22 EBITDA*

Company Overview6Largest integrated stainless steel Company in India withmanufacturing facilities located at Jajpur, OdishaProduct BasketRobust logistics infrastructure, including in-house railwaysidings, with close proximity to ports provide strong supportto overall operations–‘State-of-the-Art’ machinery and engineering from thebest of European suppliers, capable of producingglobally competitive stainless steel productsWell established distribution network with service centeraccess in both Domestic and overseas market to optimizecustomer service and deliveriesIntegrated FacilitiesSteel Melting Shop (SMS)Cold Rolled Annealed Pickle (CRAP)Ferro AlloysCaptive Power PlantUnitCapacityEquipment 64SMS Siemag, GermanyAndritz, AustriaSMS Siemag, GermanyBHEL, India

Stainless Steel Sector Dynamics& Diversified Applications7

Value-Added & Sustainable csRecyclabilityStainlesssteelDurabilityLow Life CycleCostCorrosionResistanceStainless steel - The “Green wonder Metal”

Favourable Sector Dynamics Healthy growth in global stainless steel demand 41.545.852.2Stainless Steel50.81980 - 2019 CAGR41.750.7 with stainless steel as the fastest growing m3.7%Copper2.6%Carbon SteelZincLead2019 2020*5.1%2.4%2.0%1.9%* COVID affected yearIndia continues to be the second largest consumer with consistent growth over the years given its lowper capita consumption (in kg)EU16.7China20.1USIndiaSource: CRISIL, World Bank, ISSF9.22.5Global Average: 5.5- 6

Diversifying Consumption Pattern19986%20%102023E20152% 1%7%7%3%2%12%38%11%57%13%17%80%25%Over the past 2 decades, stainless steel consumption in India has diversified to new value-addedcategories of ABC, ART and Process industries from the most primary usage in Cookware/DurablesSource: Stainless -Steel-world.net; JPC-Ministry of Steel-Mindsight Report

Stainless Steel Product Applications11360o ProductApplicationsJindal Stainless caters to a wide range of products

New Age ApplicationsRailways coaches andwagons/ Metro coachesAuto: BS- VI compliantexhaust system/ Fuel TanksFoot-over-bridges/Rail-over- bridgesOverhead Water Tanks/Urban Infrastructures12Modernization of RailwayInfrastructureDairy industryE-rickshawsPharma equipmentInnovative solutions driving usage in newer applications

Focus on expanding Brand and MarketpresenceInvesting in various Branding & marketing initiatives to enhance overall market potential by:––Creating awareness of hygiene and health benefits of stainless steelIncrease usage of stainless steel in Home and Public SpacesStainless steelDoorsStainless steel WaterTankOtherCampaigns& ExhibitionsHome Smart Home CampaignRoad ShowsSafe StorageHealth firstBrand JSL – To be top of mindStainless steel ModularKitchen13

Domestic FootprintGurugram14DelhiOdishaCorporate OfficeMumbaiPuneJajpurJSL and Associate Service CenterManufacturing FacilityBhubaneswarHyderabadChennaiJSL and Associate Sales OfficesJajpurKolkataAhmedabadVadodaraStrategically located manufacturingfacility in Jajpur, Odisha–Close proximity to ports andkey raw-materials – low leadtime for raw-materials&finished goods movement

Global Footprint15RussiaUnited KingdomBelgiumUSASpainxItalyVietnamSouth KoreaTaiwanUAEIndonesiaBrazilJSL and Associate Sales OfficesJSL and Associate Service CenterManufacturing FacilitySingapore

Merger Overview16

Proposed Structure Post MergerPublicPromoter57.1%42.9%JSLPT Jindal StainlessIndonesiaJSHL Merger of JSHL into JSLSwap ratio 1:1.95 Merger of JSL Lifestyle (mobilitybusiness), JSL Media and JSCMS into JSLAll subsidiaries of JSHL moves in JSL99.9%Iberjindal S.L,Spain65%Jindal StainlessSteelways Ltd.100%Jindal Lifestyle Ltd.(Non Mobility)17Subsidiaries/InvestmentJSL Lifestyle (mobility),JSL Media & JSCMS 73.4%Subsidiaries /InvestmentsShareholding on fully diluted basisEntities Amalgamating in JSLSubsidiary

Complementing Strengths18JSHLJSLKey Plant LocationStainless Steel (SS) capacitiesInfrastructure, Technology andR&DService Center/Finishing LinesOfferingsJajpur, OdishaRaw Material Hub, Port Proximity1.1 MTPA Integrated facility along withbackward integration (Ferro Chrome andcaptive power gy. India’s largest SS manufacturer.Producing globally competitive SS productsReadily leveragable infrastructure for costefficient brownfield expansion (800 acreland)InternationalHigh volume, wider width offerings.Actively catering to volume orientedsectors like Railways, Auto andInfrastructureJindal Stainless Limited (‘JSL’) , Jindal Stainless (Hisar) Limited (‘JSHL’)Hisar, HaryanaKey Consumption Hub Proximity0.8 MTPA with Specialized ProductDivision (SPD) including Blade Steel,Precision Strips and Coin BlankPioneer SS manufacturing in India.World's largest producer of SS strips forrazor blades and India's largest producerof coin blanksDomesticActively catering to SPD and Niche SSproducts

Joins Top 10 Global Stainless Steel LeagueEnhanced Competitive 0 tonesAcerinoxAperamAmong Top 10global playersJindal StainlessJiangsu DelongLISCOJISCOAcciai Speciali TerniBaosteel Stainless SteelNSSMCLianyungang Huale Alloys0Source: SMR. 2018 estimates; by capacity1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,00019

Merger: JSL, JSHL20APPOINTED DATE April 1, 2020MAJOR EVENTSEXPECTED COMPLETIONIN H2 FY22 Board approval of the scheme of arrangementStock Exchanges/SEBI approvalShareholders and Creditors approvalsNCLT approvalImplementation of SchemeShareholders and creditors of JSL and JSHL approved the ‘Scheme of Arrangement’ for themerger between the two Companies on April 23, 2022 by an overwhelming majority.The Companies have now filed the second motion petition with Hon’ble NCLT on 6th May,2022. With this positive movement, the Companies now expect other relevant processes tobe completed in due time, in the next 5-6 months.

Resilient Operational 08FY22FY21Interest CostFY22PBT6123,8863271,337FY21FY22FY21Note: Standalone proforma financials (merged entity); All figures in INR. crore unless stated otherwiseFY22

Consolidating Balance Sheet StrengthNet Debt / EquityNet Debt (INR Cr)22Net Debt / ar’21Mar’220.7Mar’20Mar’21Mar’22 Balance sheet strengthening with financial prudence Consistent improvement in Leverage ratiosNote: Standalone proforma financials (merged entity)Mar’20Mar’21Mar’22