Slides
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Investor Presentation Q2 & H1 FY27 November 2026 From Momentum to Multiplication Real Images of SEML Assets
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This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sarda Energy & Minerals Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been 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, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. All product names, logos, and brands are property of their respective owners. All company; product and service names used in this presentation are for identification purposes only. Use of these names, logos, and brands does not imply endorsement. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guaranteeing of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. 2 Safe Harbour Statement
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IMAGES TO BE REPLACED WITH ACTUALS Q2 & H1 FY27 Highlights Strategic Direction Business Overview Annexures Real Images of SEML Assets
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Q2 & H1 FY27 Highlights
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5 Performance Highlights | Resilient Operations Mining • Forayed into manganese mining, with recently won Avagudem manganese ore mine • Manganese mine expected to strengthen raw material security and integrated operations • Seasonal impact on evacuation infrastructure curtailed domestic coal production Energy • Energy contributed more than 75% of consolidated EBITDA in H1 FY27 • Q2 performance temporarily impacted by planned 47-day maintenance shutdown at 600 MW Thermal power plant • Strong financial performance in Hydropower despite weak rainfall in certain catchment areas Metals • Pellet plant achieved record H1 production of 4,29,059 MT • The 30 MW turbine replacement impacted steel production until mid- August, affecting the quarter’s performance • Strategic shift towards higher-margin energy sales led to moderation in metal performance Q2 Production Highlights 1,229 Mn KwH Thermal Power Generation 339 Mn KwH Hydro Power Generation 6,41,281 MT Coal Production 2,04,962 MT Pellets Production 10,025 MT HB Wire Production 50,867 MT Ferro Alloy Production Q2FY27 Consolidated Highlights* Total Income Rs. 1,505 Cr -5.7% YoY Growth EBITDA Rs. 564 Cr -2.7% YoY Growth Profit After Tax Rs. 320 Cr -2.2% YoY Growth Cash Profit Rs. 512 Cr -0.6% YoY Growth *Note: Q2 FY27 Net Profit includes a one-time net benefit worth Rs. 15 crore relating to the regulatory approval of final project cost for 113 MW Sikkim Hydropower Plant. Highest-ever half-yearly EBITDA of ₹1,326 crore, despite planned maintenance shutdowns
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6 A New Milestone | Mining Expansion into Manganese Ore Key Benefits First manganese mine won; reduces dependence on external suppliers and provides greater control. Proximity Mine location less than 100 kms from the ferro alloy plant in Visakhapatnam giving logistical advantage Margin accretive Captive raw material along with favourable logistics expected to support margins over medium term Particulars Details Location Avagudem, Vizianagaram district, Andhra Pradesh Estimated reserves 0.70 MT of manganese ore Captive Consumption Manganese ore supply for Visakhapatnam ferro alloy operations Indicative start of operations 12-14 months, subject to approvals and mine development Raw material security Avagudem / Vizianagaram, Andhra Pradesh* *Illustrative image Backward integration Expected to deepen mine-to- metal integration across SEML’s ferro alloy operations. Sarda Metals & Alloys Limited (100% subsidiary of SEML) declared preferred bidder for Avagudem Expired Manganese ore Mining Lease Block.
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7 Management Commentary Mr. Pankaj Sarda Managing Director ‘‘ ’’ Despite the planned operational shutdowns at some of our facilities, we delivered a resilient performance during H1 FY27 achieving our highest-ever half-yearly EBITDA. This reflects the inherent strength of our underlying businesses, the stability of our earnings profile and the benefits of our integrated operating model. Our entry into manganese ore mining marks an important strategic milestone, with the successful bid for the Avagudem block in Andhra Pradesh. This strategic move will strengthen backward integration, enhance raw material security and improve cost competitiveness, supporting higher profitability in our ferro alloys business. Our expansion plans across energy and mining remain on track, supported by a strong balance sheet and disciplined capital allocation. Going forward, we remain focused on timely execution, improving asset utilisation and unlocking greater operational synergies across our integrated businesses to drive sustainable long-term growth and value creation.
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8 Q2 & H1 FY27 Consolidated Financial Snapshot PAT (Rs. Cr) 328 320 Q2 FY26 Q2 FY27 Cash PAT (Rs. Cr) 516 512 Q2 FY26 Q2 FY27 Income from Operations (Rs. Cr) 14531,528 47% 50% 26% 25% 27% 25% Q2 FY26 Q2 FY27 EBIT (Rs. Cr) 474 500 70% 77% 14% 13% 16% 10% Q2 FY26 Q2 FY27 Q2 FY27* Steady earnings momentum despite operational shutdowns reflects strength of the diversified business portfolio PAT (Rs. Cr) 764 799 H1 FY26 H1 FY27 Cash PAT (Rs. Cr) 1,158 1,225 H1 FY26 H1 FY27 Income from Operations (Rs. Cr) 3,0613,161 48% 52% 24% 23% 28% 25% H1 FY26 H1 FY27 EBIT (Rs. Cr) 1053 72% 78% 12% 12% 16% 10% H1 FY26 H1 FY27 1143 H1 FY27* *Note : Includes impact of on-offs and shutdowns
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9 Production Trend Note: Hydro Power Generation is seasonal. Hence not comparable QoQ. • Pellet plant achieved record-high half-yearly production at 4,29,059 MT. • The 30 MW turbine replacement impacted steel production until mid-August, affecting the quarter’s performance • Despite a 47-day maintenance shutdown at 600 MW thermal power plant, generation stood at 894 Mn kWh • Hydropower generation impacted by weak rainfall in certain catchment areas • Seasonal impact on evacuation infrastructure curtailed domestic coal production Production (MT & Mn kWh) Q2 FY27 Q2 FY26 YoY % Q1FY27 QoQ % H1 FY27 H1 FY26 YoY % Iron Ore Pellet 2,04,962 1,94,607 5% 2,24,097 -9% 4,29,059 4,24,982 1% Sponge Iron 79,546 86,529 -8% 76,712 4% 1,56,258 1,70,788 -9% Steel Billet 29,458 57,137 -48% 19,079 54% 48,537 1,11,234 -56% Wire Rod (M.S Coil) 24,737 44,005 -44% 13,075 89% 37,813 85,882 -56% H.B Wire 10,025 9,000 11% 10,724 -7% 20,749 18,609 12% Ferro Alloys 50,867 50,762 0% 41,648 22% 92,515 1,01,743 -9% Thermal Power (captive) 335 339 -1% 265 26% 600 694 -14% Thermal Power (IPP) 894 1,130 -21% 1,126 -21% 2,019 2,312 -13% Hydro Power 339 362 -6% 119 186% 458 482 -5% Iron Ore 28,530 30,865 -8% 40,040 -29% 68,570 76,541 -10% Coal Domestic 2,66,628 5,03,964 -47% 3,33,792 -20% 6,00,420 9,65,204 -38% Coal Indonesia 3,74,653 4,14,826 -10% 3,03,619 23% 6,78,272 8,17,136 -17%
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10 Sales Trend Note: 1) A part of all Product is captively consumed for production of downstream products. 2) Quantities of Traded goods not included. 3) Hydro Power Generation is seasonal. Hence not comparable QoQ. Sales (MT & Mn kWh) Q2 FY27 Q2 FY26 YoY % Q1FY27 QoQ % H1 FY27 H1 FY26 YoY % Iron Ore Pellet 1,05,831 1,14,569 -8% 1,16,983 -10% 2,22,815 2,54,219 -12% Sponge Iron 50,352 32,944 53% 63,701 -21% 1,14,054 64,642 76% Steel Billet 4,280 11,882 -64% 6,040 -29% 10,320 22,832 -55% Wire Rod (M.S Coil) 13,859 32,342 -57% 4,162 233% 18,021 65,154 -72% H.B Wire 9,056 8,058 12% 10,819 -16% 19,875 17,755 12% Ferro Alloys 50,403 49,477 2% 42,274 19% 92,677 97,820 -5% Thermal Power (captive) 47 20 135% 31 51% 78 53 47% Thermal Power (IPP) 810 1,016 -20% 1,021 -21% 1,830 2,083 -12% Hydro Power 334 355 -6% 116 188% 450 468 -4% Coal Domestic 64,577 84,112 -23% 37,412 73% 1,01,989 1,11,030 -8% Coal Indonesia 3,30,797 4,57,453 -28% 2,77,003 19% 6,07,800 8,46,359 -28%
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11 Consolidated P&L Highlights Particulars (Rs. Cr) Q2 FY27 Q2 FY26 YoY % QoQ % H1 FY27 H1 FY26 YoY % Revenue from Operations 1453 1,528 1,608 3061 3,161 Other Income 52 68 108 160 148 Total Income 1,505 1,596 -5.7% 1,717 -12.3% 3,221 3,309 -2.6% Raw Material 666 758 669 1336 1,546 Employee Expenses 57 51 58 115 102 Other Operating Expenses 217 207 227 444 384 EBITDA 564 580 -2.7% 762 -25.9% 1,326 1,277 3.9% EBITDA Margin (%) 37.5% 36.3% 44.4% 41.2% 38.6% Depreciation 92 85 89 181 166 Finance Cost 57 64 58 116 127 Exceptional Items 0 0 0 0 0 Profit Before Tax 415 431 -3.7% 615 -32.5% 1,030 984 4.6% Current Tax 11 13 6 17 18 Deferred Tax 100 103 146 246 228 Share of P/L of Associates and JV 17 13 15 32 26 Profit After Tax 320 328 -2.2% 478 -33.0% 799 764 4.5% PAT Margin (%) 21.3% 20.5% 27.8% 24.8% 23.1% EPS (INR) 8.7 9.2 13.0 21.7 21.5 Cash Profit** 512 516 712 1,225 1,158 1) Results are not comparable QoQ due to seasonal nature of Hydro Power business. 2) **Cash Profit is calculated as PAT + Deferred Tax + Depreciation. 3) H1 FY27 revenue and EBITDA include one-time prior-period tariff true-up income relating to the Sikkim hydropower plant. • Highest-ever half-yearly EBITDA of ₹1,326 crore, up 4% YoY, demonstrating resilience despite planned shutdowns and operational outages • EBITDA margins improved to 37.5% in Q2 and 41.2% in H1 FY27, supported by a greater focus on the energy segment
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12 Standalone P&L Highlights Note: **Cash Profit is calculated as PAT + Deferred Tax + Depreciation. Q2 FY27 Q2 FY26 YoY % Q1FY27 QoQ % H1 FY27 H1 FY26 YoY % Revenue from Operations 1057 1,092 1,163 2220 2,399 Other Income 35 68 70 105 139 Total Income 1,093 1,161 -5.9% 1,233 -11.4% 2,325 2,538 -8.4% Raw Material 588 578 551 1138 1,194 Employee Expenses 42 39 44 86 78 Other Operating Expenses 144 142 126 270 270 EBITDA 319 401 -20.5% 512 -37.8% 830 997 -16.7% EBITDA Margin (%) 29.2% 34.5% 41.5% 35.7% 39.3% Depreciation 58 52 55 113 103 Finance Cost 31 34 33 64 69 Exceptional Items 0 0 0 0 0 Profit Before Tax 229 315 -27.2% 424 -46.0% 653 825 -20.9% Current Tax - - - - - Deferred Tax 54 75 106 159 200 Profit After Tax 175 240 -26.8% 319 -44.9% 494 626 -21.0% PAT Margin (%) 16.1% 20.6% 25.8% 21.2% 24.7% EPS (INR) 5.0 6.8 9.0 14.0 17.8 Cash Profit** 287 367 479 767 928 • Q2 performance temporarily impacted by planned 47-day maintenance shutdown at 600 MW Thermal power plant
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13 Financial Prowess Marks a Promising Outlook for Growth Net debt-free balance sheet and liquidity exceeding ₹2,600 crore.. …SEML and SMAL Long term Credit Rating Upgraded by CRISIL and Outlook changed to Stable Standalone Debt (Rs. Cr) Consolidated Debt (Rs. Cr) 2,595 2,418 215 -210 Mar-26 Sep-26 Gross Debt Net Debt Consolidated TOL/NW (x) 0.56 0.5 0.58 0.52 0.48 0.90 1.39 1.10 0.10 (0.18) Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 TOL/NW Net Debt/EBITDA SEML (Parent Company) SMAL (Subsidiary for Ferro Alloys) Subsidiaries for Hydro Power CRISIL AA / Stable / A1+ (One notch upgrade as of Oct- 2026) CRISIL AA- / Stable / A1+ (Two notches upgrade as of Oct- 2026) Chhattisgarh Hydro Power LLP ICRA A+ / Stable (reaffirmed as of Dec-2025) Madhya Bharat Power Corporation IND A+ / Stable/ A1 (reaffirmed as of Nov-2025) 1379 1337 -453 -659 -1400 -400 600 Mar-26 Sep-26 Gross Debt Net Debt Strong financial position reinforced by CRISIL rating upgrades to AA/Stable for SEML and AA−/Stable for SMAL
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Strategic Direction
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Building Scale: Accelerating Capacity Expansion 15* Includes 2.10 MTPA Bartunga mine done in JV with SEML share at 67% Plans to double energy capacity and quadruple mining capacity by FY30 FY21 Base FY26 FY30E Capacity Thermal 1,362 MW Renewable 400 MW 2021 vs 2030 Target 9.0x Energy Capacity 7.0x Coal Mining Capacity Thermal 762 MW Renewable 168 MW Coal Mining 1.8 MTPA Thermal 162 MW Renewable 30 MW Coal Mining* 7.1 MTPA 5X 6X 2X 2X 4X Upcoming Manganese ore Mine: Avagudem, Vizianagaram district, Andhra Pradesh 0.70 MT estimated reserves. Operations are expected to commence in approximately 12-14 Months, subject to lease execution and approvals.
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16 2X EBITDA ROAD MAP Capacity Expansion Operational Excellence Experienced Management Capital Optimisation • Strengthen leadership with experienced professionals across businesses. • Build scalable governance and performance monitoring systems. • Enhancing governance standards to support sustainable long-term growth. • Strong Board with diverse industry and governance expertise. • Scale-up consolidated power generation capacity through expansion at the 600 MW thermal power plant. • Increase renewable energy portfolio to 400 MW by FY30. • Increase coal production capacity to 7+ MTPA through new mine development. • Execute Rs. 10,000+ Cr growth capex focused on high-return energy and mining assets. • Enhance low-cost and sustainable power generation through captive, renewable and waste heat recovery assets. • Improve plant utilization and operating efficiencies across business verticals. • Enhance fuel security through greater raw materials integration. • Maintain disciplined project execution and timely commissioning. • Energy to remain the primary earnings driver with long- term revenue visibility. • Mining to emerge as the second major growth engine through resource expansion. • Diversified earnings across energy, metals and mining assets. • Create a resilient business model with lower commodity cyclicality. Target to double EBITDA* over the medium term through disciplined execution, operational excellence and a diversified, future-ready portfolio *on FY26 base
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17 Sector Tailwinds Fueling SEML’s Next Phase Manufacturing & Semiconductor Push Expansion of Energy Portfolio Energy Security & Import Substitution • India’s vision of Viksit Bharat 2047 is anchored in a strong push towards domestic manufacturing led by semiconductors and electronics. • With its planned energy capacity expansion, SEML is well-positioned to benefit from increasing power and industrial demand fueled by accelerated manufacturing activity. • Geopolitical tensions and structural energy supply risks have increased India’s focus on Atmanirbhar Bharat and reducing import dependence. • Through its integrated energy and mining business, SEML is structurally aligned with India’s long-term for energy security and economic self-reliance. • Government push towards coal gasification aims to reduce LNG and fertiliser imports while leveraging India’s abundant coal reserves. • Creates long-term opportunities for SEML across coal mining, power generation and participation in value-added energy and industrial ecosystems. • India’s National Electricity Plan envisages total installed power capacity reaching approximately 900 GW by FY32, comprising around 596 GW of renewable-based capacity and 304 GW of conventional capacity. • SEML's diversified thermal and hydropower portfolio, supported by planned capacity additions, is well positioned in strengthening long- term earnings visibility. Coal Gasification & Domestic Value Creation
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Business Overview
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19 Sarda Energy: A Diversified & Integrated Business Built for Sustainable Growth Integrated Value Chain T h e r m a l P o w e r H y d r o P o w e r S o l a r E n e r g y Energy I r o n O r e M i n e C o a l M i n e s M a n g a n e s e M i n e Minerals S t e e l P r o d u c t s F e r r o A l l o y V a l u e- A d d e d Metals Key Highlights Key Highlights Key Highlights • Contributed over 70% of consolidated EBITDA • 380+ MW of generation capacity secured through long term and medium term PPAs as of Mar’26 • Proximity to own coal mine ensures reliable and cost-effective fuel supply • Secured coal supply through long-term Fuel Supply Agreements for Thermal Power • New Avagudem manganese mine expected to strengthen raw material security for ferro alloy operations • Strategic access to Indonesian coal resources • Upcoming High-grade coal mines expected to support revenue growth • One of the lowest cost steel producer in the country • Backward integrated operations support consistent quality and cost competitiveness • Proximity to end-markets strengthens customer relationships and supports competitive delivered pricing
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20 Geographical Footprint Integrated Steel & Downstream Ferro Alloys Thermal Power Hydro Power Solar Coal Mines & Washery Iron Ore Mines Upcoming Hydro Power Well-Placed Manufacturing Network Across High-Demand Markets Integrated Steel & Downstream Ferro Alloys Upcoming Coal Mines India ~1 MTPA 147 MVA Indonesia Note: The map of India is for illustrative purposes only, is not drawn to scale, and does not represent the accuracy or authenticity of geographical or political boundaries. Upcoming Iron ore Mines Thermal Power Hydro Power 761.5 MW Solar Power* Iron Ore Mine 50 MW 1.5 MTPA 168 MW Coal Mine** Coal Washery 1.8 MTPA3.2 MTPA Strategically Located Across Resource-Rich Belts Upcoming Manganese ore Mine Diversified Capacity Base (Sep’26) * The solar power project is expected to become operational during FY27. ** Note: Includes reserves of the Indonesian coal mine, where SEML holds a 49% ownership.
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21 Energy - The Core Vertical - Thermal Power Assets of 761.5 MW (1/2) Location Binjkot, Chhattisgarh Siltara, Chhattisgarh Visakhapatnam Capacity 2x300 MW (600 MW) 81.5 MW (includes 21.5 MW Waste Heat) 80 MW Year of Commissioning 2018 2001 - 09 2013 Key Updates Strategically located near our Gare Palma IV/7 coal mine, offers seamless integration to optimize operations, boost efficiency, and drive revenue and profit growth. Announced a Rs. 300 crore investment for sustainability initiatives including Waste Heat Recovery power plant at Vizianagaram. IPP (Commercial) CPP (Captive) Upcoming Capacity Plans to double capacity at IPP Binjkot to 4x300 MW; approval process underway Dismissal of review petition against SEML’s resolution plan in Hon’ble SC of India removes all overhang Add plant photograph Real Images of SEML Assets
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22 Energy - The Core Vertical - Hydro Power Assets of ~167 MW (2/2) Location Uttarakhand Chhattisgarh Sikkim Capacity 4.8 MW 24 MW 24.9 MW 113 MW Name of the River Sarju Gullu Rehar Rongnichu Year of Commissioning 2008 2017 2025 2021 Term of PPA 30-year PPA with State Discom 35-year PPA with State Discom 40-year PPA with State Discom NA Debt (Sep-26) Debt Free since 2017 Debt Free Rs. 145 cr Rs. 681 cr Key Updates Expansion of 3 MW being proposed Strong free cash flow generation CoD achieved on 08-Jul-2025, strong cashflow generation from 1st year Strong free cashflow generation Subsidiary Parvatiya Power Limited Chhattisgarh Hydro Power LLP Madhya Bharat Power Corporation Limited Upcoming Capacity 24.9 MW- Kotaiveera, Chhattisgarh Project on IB river, land acquisition in progress 322 325 330 386 520 70% 71% 72% 80% 83% FY23 FY24 FY25 FY26 H1 FY27 Revenue EBITDA Margin 24.0 MW - Mand, Chhattisgarh Project on Mand river, approvals under process 24.9 MW - Jelha, Chhattisgarh Project on Rehar river, approvals under process 66.0 MW - Rahung village, Arunachal Project on Gang river; acquired majority stake Hydro Revenue (Rs Cr) & EBITDA Margin (%)* Real Images of SEML Assets Note*: H1 FY27 revenue and EBITDA includes one-time prior-period tariff true-up income of ₹125 crore relating to the Sikkim hydropower plant
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23 Minerals Assets - Next Lever For Growth Avagudem, Andhra Pradesh – Manganese Block Surjagad, Maharashtra - Block 1 Composite license executed in May-25. Prospecting Operations underway Upcoming Capacity • 0.60 MTPA, Shahpur West • 0.60 MTPA, Senduri • 2.00 MTPA, Gare Palma IV/5 • 2.10 MTPA, Bartunga (Joint Venture – 67% SEML) Coal Mines Note: Images used are for illustrative purposes only and do not represent SEML's actual assets Iron ore Mine Manganese ore Mine Location Rajnandgaon, Chhattisgarh Gare Palma IV/7, Chhattisgarh PT. Tigadaya Minerx, Indonesia (49% ownership) Raigarh, Chhattisgarh Capacity 1.50 MTPA 1.80 MTPA 1.42 MTPA 1.80 MTPA Year of Commissioning 2004 2021 2024 2021 Usage Captive use in steel manufacturing Captive use Commercial sale Enhances coal quality to improve efficiency and reduce emissions Expansion Outlook Upcoming new mining capacities under various stages of development Plans underway for doubling capacity Capacity to be in line with coal mine Iron Ore Mine Coal Mines Coal Washery
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Metals: Well-Established, Vertically Integrated Business Pellets Sponge Iron Billets Wire Rods HB Wires Ferro Alloys Location Chhattisgarh Chhattisgarh Visakhapatnam Description Produced from Iron Ore fines & sold domestically Produced from captive Iron Ore Lumps & Pellets Semi finished steel product, produced by continuous casting process Hot rolled product made from direct hot billet charging HB Wires- Wire rods are cold drawn to HB wires to sizes Ferro manganese and Silico manganese Current Capacity 9,00,000 MT 3,60,000 MT 3,00,000 MT 2,50,000 MT 45,000 MT 45 MVA 102 MVA Average Realization Q2 FY27 (Rs./MT) 9,770 25,961 40,004 43,491 46,840 78,278 (Domestic)- FeMn 76,323 (Domestic) – SiMn 24
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25 Strong Governance with Experienced Board Jane Doe Kamal Kishore Sarda Chairman Mechanical Engineer with 49 years experience Pankaj Sarda Managing Director M.S. in Industrial Engineering with over 22 years of experience Padam Kumar Jain Director & CFO CA, CS with experience of 39 years in finance, taxation, corporate law and budgeting Anant Sarda Non-Independent Non- Executive Director B.Sc Engineering and MBA with experience of 10 years Amal Kumar Debnath Independent Non-Executive Director Audit Committee CSR Committee Nomination and Remuneration Committee Stakeholder Relationship Committee Risk Management Committee Binoy Parikh Independent Non-Executive Director CA with over 12 years of experience in M&A, capital market regulation Rajeev Sharma Independent Non-Executive Director Former CMD, Power Finance Corporation. Over 41 years of experience Tripti Sinha Independent Non-Executive Director Former MD, Chhattisgarh State Power Transmission, 44 years of experience Upendra Prasad Singh Independent Non-Executive Director Former CMD, Central Mine Planning and Design Institute. 49 years of experience Retd IAS officer, former Secretary to the GOI, with 39 years in public administrative
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Corporate Social Responsibility
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27 Focus on Safety, Health & Social Responsibility 01 Health & Safety • SEML awarded - Appreciation Award for Best Company in the Entire Eastern Region in Safety category • Regular medical check ups & inhouse medical facilities • Focus on Preventive & curative healthcare services 02 No. of Incidents 03 Social Responsibility • Support to NGOs like “Pariwar”, “Antariksha Sangwari Kendra“, “Akhil Bhartiya Viklang Chetana Parishad “ • Focus on key areas like Education, Health, Infrastructure, Livelihood and Arts, Culture & Sports • Support to almost 5000 farming families for generating alternative source of income • Zero Incident Rate Achieved in H1 FY27 • Conducting trainings on safety measures every year • Strict protocols for safety on site
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28 Social Initiatives Education & Sports Aurobindo School inauguration, 12 August 2026 • Aurobindo School, Kachna, inaugurated by the Chairman. • Higher-education assistance at Lady Shri Ram College and support to Pragya school for children with disabilities. • Rewards and certificates for meritorious village students. • Support for Chhattisgarh Hockey League and Sikkim girls’ football. Recognition of meritorious village students Women’s Empowerment Sewing training for women and girls • 250 girls enrolled in self-defence training at Akoli and Mandhar schools. • 70 beneficiaries covered under sewing training programmes. • Training for women’s self-help groups and girls to support income-generating skills. • Support to Parmarth Seva Samiti for promotion of girls’ education. Self-defence training at Akoli and Mandhar Community Development & Health Community hall construction at Mandhar • Community hall at Mandhar, CC road at Dhaneli • School refurbishment at Sankara and drinking-water cooler at Nardaha primary school. • Financial assistance for a child’s SMA treatment and support for a community health camp. • Pola Patan Utsav celebrations to promote local art and culture. Pola Patan Utsav celebrations in local villages
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Historical Performance
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30 SEML’s Transformation Journey Our Goal Building scale, diversifying capabilities and creating long -term value FY21 Cyclical, Commodity-Driven Business • Integrated Metals - Steel & Ferro Alloys business • Earnings linked to commodity cycles with high exposure to steel/ferro alloy price volatility • Limited diversification leading to unpredictable earnings and margin profile • Sensitive to Chinese markets & raw material costs FY22-25 Diversification into Energy & Significant Capacity Addition • Acquired SKS Power with an operational thermal power capacity of 2×300 MW in Chhattisgarh under IBC • Operationalized ~113 MW hydro power project in Sikkim • Commenced coal mining production started with capacity of 1.20 MTPA at Gare Palma IV/7 FY26 Geared up for next phase of growth • Successful integration; SC ratification for SKS Power Acquisition • New PPA signed enhancing long-term revenue visibility • Expansion of capacity at Gare Palma IV/7 Coal Mine to 1.80 MTPA • Robust balance sheet with strong cash flow generation to support future growth SIGNIFICANT VALUE CREATION 2x jump in Revenue from Rs. 2,343 cr in FY21 to Rs 5,928 cr in FY26; CAGR of 20% 3x jump in EBITDA from Rs. 664 cr in FY21 to Rs 2,025 cr in FY26; CAGR of 25% 3x jump in PAT from Rs. 376 cr in FY21 to Rs 1,109 cr in FY26; CAGR of 24% 5x jump in energy capacity from 191 MW in FY21 to 930 MW in FY26 Long term credit rating upgrade to AA- in FY26 from A in FY21 with a strong liquidity position of Rs. 2,380 cr
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31 Consolidated P&L – Driving Profitable Growth with Long-Term Sustainability Particular (Rs. Cr) FY23 FY24 FY25 FY26 H1 FY27 Revenue from Operations 4,212 3,868 4,643 5,690 3,061 Other Income 49 184 172 237 160 Total Income 4,261 4,052 4,815 5,928 3,221 Raw Material 2,495 2,407 2,573 2,918 1,336 Employee Expenses 127 142 176 222 115 Other Operating Expenses 529 521 657 764 444 EBITDA 1,110 982 1,409 2,025 1,326 EBITDA Margin (%) 26% 24% 29% 29% 41.2% Depreciation 178 183 271 341 181 Finance Cost 124 128 220 244 116 Exceptional Item 0 -3 0 10 0 Profit Before Tax 807 667 918 1,449 1,030 Tax 202 159 237 386 263 Share of Associates and JV -1 15 21 46 32 PAT 604 524 702 1,109 799 PAT Margin (%) 14% 13% 15% 18.7% 24.8% EPS (Rs) 17.0 14.8 19.9 31.4 21.7
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32 Consolidated BS & Cash Flow – Prudent Capital Deployment and Strong Liquidity Profile Particular (Rs. Cr) Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Share Capital 35 35 35 35 35 Tangible Networth 3,375 3,853 6,251 7,335 8,036 Minority Interest 100 106 106 106 141 Long Term Borrowings 1,063 1,058 2,342 2,134 1,990 Short Term Borrowings 344 308 481 460 428 Other Liabilities 564 641 910 1,299 1543 Total Liabilities 5,481 6,002 10,125 11,370 12,173 Net Fixed Asset 2,908 2,854 5,854 6,109 6,098 CWIP 130 250 613 462 506 Investment 388 611 792 1,645 2006 Cash & Cash Equivalents 372 768 608 864 1024 Other Assets 1,683 1,519 2,258 2,289 2,539 Total Assets 5,481 6,002 10,125 11,370 12,173 Particular (Rs. Cr) Mar-23 Mar-24 Mar-25 Mar-26 Sep-26 Cash from Operating Activity 701 742 886 1,735 980 Cash from Investing Activity (431) (423) (349) (1,166) (662) Cash from Financing Activity (479) (223) 1,201 (519) (357) Net Cash Flow (208) 96 1,739 50 (39)
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33 Energy | Generation and Sales 532 482 505 661 458 494 452 473 643 450 FY23 FY24 FY25 FY26 H1 FY27 Generation Sales 1,083 1,262 3,482 5,458 2,619 71 81 2,096 3,833 1,908 FY23 FY24 FY25^ FY26 H1 FY27 Generation Sales Thermal Power (Mn KwH) Hydro Power (Mn KwH) ^Includes the effect of acquisition of IPP Binjkot (SKS), having 2x300 MW thermal power plant (acquired on 21st Aug 2024) Highest Ever Annual Generation and Sales in FY26
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34 Metals | Production and Sales Highest Ever Annual Production of Iron Ore Pellets, Sponge Iron, H.B. Wire in FY26 Iron Ore Pellets 800 810 819 826 429 522 517 501 443 223 FY23 FY24 FY25 FY26 H1 FY27 Sponge Iron 290 316 319 345 156 82 103 118 143 114 FY23 FY24 FY25 FY26 H1 FY27 Steel Billet 228 229 205 205 4833 31 31 39 10 FY23 FY24 FY25 FY26 H1 FY27 Wire Rod 190 193 169 160 38 151 154 133 120 18 FY23 FY24 FY25 FY26 H1 FY27 H. B. Wire 39 38 35 40 21 40 38 35 40 20 FY23 FY24 FY25 FY26 H1 FY27 Production ('000 MT) Sales ('000 MT) Ferro Alloys 164 200 183 200 93 157 195 181 195 93 FY23 FY24 FY25 FY26 H1 FY27
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35 Share Price Information BSE/NSE Code 504614/SARDAEN CMP (Rs) (BSE) 459.8 Market Cap (Rs. Cr) 16,202.5 Shares (Cr) 35.2 Face Value (Rs) 1.00 Capital Market Information (as on 29-Oct-2026) Shareholding Pattern (as on 30-Sep-2026) Promoters 73% Institutions 7% Non institutions 20% 40 50 60 70 80 90 100 110 120 130 140 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Sarda Energy & Minerals BSE 150 MidCap NSE 150 Midcap Highest Ever Dividend in FY26 (Rs. per share) 0.75 1.50 1.00 1.50 2.00 FY22 FY23 FY24 FY25 FY26 Price chart base to 100 0.75 0.75 Special dividend in FY23 on account of golden jubilee year
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www.seml.co.in Mr. Nilay Joshi (Executive Director) njoshi@sardagroup.co.in 125 B-Wing Mittal Court, Nariman Point, Mumbai 400 021 Akshay Hirani Teamsarda@adfactorspr.com City Hall, Oasis Complex, Kamala Mills Compound, Pandurang Budhkar Marg, Lower Parel West, Mum-13 www.adfactorspr.com Thank You