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© Lloyds Metals and Energy 2025 Lloyds Metals & Energy Ltd. Investor Presentation | November 2025
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Expanding Horizons, Deepening Strengths www.lloyds.in 2Investor Presentation | Nov 2025 Bridging India's Dreams, Forging a New Steel City on the Map LMEL is building world-class assets in steel manufacturing, revolutionising iron ore mining and beneficiation, aligning with the nation's steel production goals and fulfilling aspirations to create an economic powerhouse at Chandrapur & Gadchiroli, Maharashtra. Touching Lives in Vidarbha by Driving Change and Progress
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Result Highlights
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www.lloyds.in 4Investor Presentation | Nov 2025 Q2 & H1-FY26 Highlights- Standalone H1-FY26 Financial Performance INR 16,778 Mn EBITDA INR 49,838 Mn Total Income INR 12,402 Mn PAT 33.67% EBITDA Margin Highest Ever Quarterly Income • Total Income for Q2FY26/H1FY26 stood at INR 25,754 mn / INR 49,838 mn, which was 75% higher YoY for Q2FY26 and 28% higher YoY for H1FY26. - With enhanced EC limits and the slurry pipeline company was able to evacuate and dispatch higher iron ore quantities. - Along with that, the commencement of pellet sales led to an overall robust performance Robust Margins led by better value-added mix ▪ EBITDA for Q2FY26 was higher by 95% YoY ▪ EBITDA margins for Q2FY26 stood at 33.75%, increase by 349 bps YoY, and for H1FY26 stood at 33.67% increase by 363 bps YoY. ▪ Higher value-added products like pellets and the commencement of the slurry pipeline led to such robust margins despite iron ore price volatility. Commencement of DRI expansion project • The company has commenced its operations of DRI expansion in Q2FY26. This would aid the company to have higher output in H2FY26 Capex Update The company has incurred capex of INR 24,117 mn during H1FY26
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www.lloyds.in 5Investor Presentation | Nov 2025 Q2 & H1-FY26 Key Performance Update Q1-FY26 Financial Performance Iron Ore ▪ Iron ore production volume for Q2FY26 & H1FY26 stood at 3.42mnt and 7.38 mnt respectively, exhibiting a growth of 77% & 24% YoY. ▪ Iron ore sales volume for Q2FY26 & H1FY26 stood at 2.5mnt and 5.92 mnt respectively, exhibiting a growth of 10%/ 26% YoY. ▪ Realisation per tonne for Q2FY26 /H1FY26 stood at INR 5,571 / INR 5,856, respectively, exhibiting a growth of 1%/4%. ▪ EBITDA per tonne for Q2FY26 / H1FY26 stood at INR 1,781 / INR 2,039, exhibiting a growth of 7% / 14% YoY. DRI & Power ▪ DRI Sales Volume: DRI Q2FY26 / H1FY26 volumes stood at 88.2kt / 167.1kt Higher 4% YoY for both Q2/ H1 FY26 ▪ DRI Realisations & EBITDA : DRI Realisations were muted for Q2Y26/ H1FY26, lower by 36% / 26% YoY. As a result of muted realisations, EBITDA margins remained under pressure. ▪ Power volumes were flat YoY. Power realisations too remain muted for Q2FY26& H1FY26; however, lower costs in Q2FY26 led to better EBITDA per unit for power. Pellets ▪ Pellets Production for Q2FY26 & H1FY26 stood at 0.78mnt. The pellet plant began its commercial production at fag end of Q1FY26. Within four months of its commencement the plant has reached 100% capacity utilisation in month of Oct ‘25 ▪ Realisation per tonne for Q2FY26 stood at INR 9,916. The quality achieved and geographical location led to good realisation. ▪ EBITDA per tonne stood at INR 5,039. The slurry pipeline and captive ore coupled with better realisation led to such robust margins for pellets.
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Quarterly Product wise Performance www.lloyds.in 6Investor Presentation | Nov 2025 14,698 24,084 25,754 4,273 7,809 8,145 Q2FY25 Q1FY26 Q2FY26 Total Income (INR Mn) EBIT (INR Mn) 10,930 20,891 13,758 3,293 7,602 4,330 Q2FY25 Q1FY26 Q2FY26 Revenue (INR Mn) EBIT (INR Mn) 84.55 78.92 88.18 0 50 Q2FY25 Q1FY26 Q2FY26 Sales (’000 MT) 1.98 3.45 2.50 0.69 Q2FY25 Q1FY26 Q2FY26 Sales (MMT) Iron Ore Pellets 51.00 45.00 43.00 Q2FY25 Q1FY26 Q2FY26 Sales (Mn Units) DRIIron Ore & Pellets Power 3,768 3,193 11,996 980 206 3,815 Q2FY25 Q1FY26 Q2FY26 Revenue (INR Mn) EBIT (INR Mn) Value Added ProductsIron OreTotal _.I_ I __ I'---- ■ ■
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Quarterly Product Mix- Increasing VAP share 53% 47% Q2FY26 Iron ore Value Added Products 74% 26% Q2FY25 Iron ore Value Added Products 53% 47% Q2FY26 Iron ore Value Added Products 77% 23% Q2FY25 Iron ore Value Added Products www.lloyds.in 7Investor Presentation | Nov 2025 87% 13% Q1FY26 Iron ore Value Added Products 97% 3% Q1FY26 Iron ore Value Added Products Revenue Split EBIT Split ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
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Half Yearly Product wise Performance www.lloyds.in 8Investor Presentation | Nov 2025 38,929 49,838 11,331 15,953 H1FY25 H1FY26 Total Income (INR Mn) EBIT (INR Mn) 30,261 34,649 9,551 11,932 H1FY25 H1FY26 Revenue (INR Mn) EBIT (INR Mn) 160.97 167.10 0 50 100 150 200 H1FY25 H1FY26 Sales (’000 MT) 5.37 5.92 0.69 H1FY25 H1FY26 Sales (MMT) Iron Ore Pellet 100.00 88.00 H1FY25 H1FY26 Sales (Mn Units) DRIIron Ore & Pellets Power 8,668 15,189 1,780 4,021 H1FY25 H1FY26 Revenue(INR Mn) EBIT (INR Mn) Iron OreTotal Value Added Products ■ ■
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Half Yearly Product Mix- Increasing VAP share 70% 30% H1FY26 Iron ore Value Added Products 75% 25% H1FY26 Iron ore Value Added Products www.lloyds.in 9Investor Presentation | Nov 2025 78% 22% H1FY25 Iron ore Value Added Products 84% 16% H1FY25 Iron ore Value Added Products Revenue Split EBIT Split ■ ■ ■ ■ ■ ■ ■ ■
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Standalone Financial Performance www.lloyds.in 10Investor Presentation | Nov 2025 Particulars (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y H1-FY26 H1-FY25 Y-o-Y Total Income 25,754 14,698 75.2% 49,838 38,929 28.0% Total expenses 17,062 10,250 66.5% 33,060 27,235 21.4% EBIDTA 8,692 4,448 95.4% 16,778 11,694 43.5% EBIDTA Margin (%) 33.75% 30.26% 349 bps 33.67% 30.04% 363 bps Depreciation and amortization 547 176 NA 825 363 NA Finance costs 262 36 NA 406 55 NA Profit Before Tax 7,883 4,236 86.1% 15,547 11,276 37.9% Tax 1,827 1,222 49.5% 3,145 2,687 17.0% PAT 6,056 3,014 NA 12,402 8,589 44.4% PAT Margin (%) 23.51% 20.51% 300 bps 24.88% 22.06% 282 bps Other comprehensive Income (2) 7 NA (4) 14 NA Total Comprehensive Income 6,054 3,021 NA 12,398 8,603 44.1%
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www.lloyds.in 11Investor Presentation | Nov 2025 Thriveni Earthmovers and Infra Private Limited (TEIPL) Thriveni Sainik Mining – PB West • Award Recognition Conferred with the Prestigious Five-Star Rating for Coal Mines (Open Cast Category) and secured 1st place among 328 participating mines across India. • Record Production Achieved 70,000 tons of coal production in a single day, marking the highest production since the inception of PB West operations. • Sustainability & Green Technology Initiatives Introduced electrical mining equipment to reduce carbon emissions. Installed a 1,100 TPH In-Pit Crushing and Conveyor (IPCC) system for efficient coal handling. Thriveni Sainik – PB North West • Mining operations commenced in July 2025. • Coal evacuation is planned to begin in the third week of Jan 2026 Gadchiroli Operations _ Going Green initiative • Green Fleet Deployment (Electrification and LNG Hybrid Initiatives) • Successfully converted a 100T diesel dumper to LNG hybrid operation. • Established an EV & LNG ecosystem at Surjagarh mines. • Mobilized 34 electrical equipment units during H1. • These efforts are not only prioritising green initiaive but also aids in cost optimisation given volatility in fuel prices H1-FY26 Financial Performance INR 5,336 Mn EBITDA INR 32,843 Mn Total Income 16.25% EBITDA Margin
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www.lloyds.in 12Investor Presentation | Nov 2025 Q2 Highlights- Thriveni Earthmovers and Infra Private Limited (TEIPL) Odisha Operations • Total EC of mines in Odisha increased from 7.79 MTPA to 11.8 MTPA • Successfully completed public hearings for 4 MTPA BHQ beneficiation plant at Indrani Patnaik Mines. • Awarded 5-Star rating at MGM Mines. • Laserda Mines: All statutory clearances obtained. Lease deed execution in progress, operations expected to begin within 2 months. • Secured EB power supply at Pradan and SML mines. As part of carbon footprint reduction: • 4 new electrical excavators deployed • 4 screening plants converted from diesel to electrical operations
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TEIPL (Consolidated) - Key Matrices www.lloyds.in 13Investor Presentation | Nov 2025 Particulars (INR Mn) Q2-FY26 Q1-FY26 H1-FY26 FY25 Total Income 16,070 16,774 32,844 66,606 Total expenses 13,805 13,702 27,508 55,930 EBIDTA 2,265 3,071 5,336 10,676 EBIDTA Margins (%) 14.09% 18.31% 16.25% 16.03% Cash PAT 760 1,827 2,587 4,893 Cash Pat Margins (%) 4.73% 10.89% 7.88% 7.35% Key Balance Sheet Net Debt (incl RPS) 56,707 32,493 Equity 877 * Other Equity (including Non Controlling interest) 5,228 * Particulars Q2-FY26 Q1-FY26 H1-FY26 FY25 Iron Ore (Mn Tonnes) 8.35 9.87 18.22 35.44 Baryte – Incl. OB (Mn Cubic meters) 0.76 2.43 3.20 9.02 Coal (Indian operations) Incl. OB (Mn Cubic Meters) 16.87 23.09 39.96 105.71 Coal (Overseas operations) incl. OB (Mn Cubic Meters) 8.41 9.89 18.30 29.79 Key Operational Data • Pertains to demerged entity
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Resilient Mix - Consolidated 57%25% 18% H1FY26 Iron ore Value Added Products MDO & Services 69% 23% 8% H1FY26 Iron ore Value Added Products MDO & Services www.lloyds.in 14Investor Presentation | Nov 2025 78% 22% 0% H1FY25 Iron ore Value Added Products MDO & Services 84% 16% 0% H1FY25 Iron ore Value Added Products MDO & Services Revenue Split EBIT Split ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
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Consolidated Financial Performance www.lloyds.in 15Investor Presentation | Nov 2025 Particulars (INR Mn) Q2-FY26 Q2-FY25 Y-o-Y H1-FY26 H1-FY25 Y-o-Y Total Income 37,068 14,698 NA 61,185 38,929 57.2% Total expenses 26,082 10,250 NA 41,975 27,236 54.1% EBIDTA 10,986 4,448 NA 19,210 11,693 64.3% EBIDTA Margin (%) 29.64% 30.26% (62) bps 31.40% 30.04% 136 bps Depreciation and amortization 1,665 177 NA 1,973 364 NA Finance cost 1,758 36 NA 1,904 55 NA Profit Before Tax 7,563 4,235 78.6% 15,333 11,274 36.0% Tax 1,889 1,222 54.6% 3,243 2,687 20.7% PAT 5,674 3,013 88.3% 12,090 8,587 40.8% PAT Margin (%) 15.31% 20.50% (519) Bps 19.76% 22.06% (230) Bps
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Strategic Growth Trajectory Across Key Product Vertical www.lloyds.in 16Investor Presentation | Nov 2025 Product Category FY25 Actual FY26 Guidance FY27 Guidance Iron Ore Production 10MnT 20-22MnT 25-26MnT Pellet Production - 2.8-3MnT 5.5-7MnT DRI Production 340kt 450-550kt 700kt Steel (WRM) Production - - 0.15-0.2MnT
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Recent Developments
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Consolidating Presence across Geographies in India’s Pellet Industry www.lloyds.in 18Investor Presentation | Nov 2025 “Acquired a 19.40% strategic stake in Mandovi River Pellets Private Limited (MRPPL) for a cash Consideration of INR 165 mn, which operates a 2 million tonne pellet manufacturing facility well- positioned to serve both export and domestic markets Acquired a 49.99% equity stake in Brahmani River Pellets Limited (‘BRPL’) with an annual capacity of 4mnt pellets, at an EV of INR 14.95 bn for 100% , a strategic move designed to strengthen market presence across Eastern and Central India. The consideration was a mix of preferential equity allotment of INR 2.86 bn and cash of INR 2.10 bn for acquiring its 49.99% stake” Strategic Investments (Non – Control) In Million Tonnes Greenfield “LMEL has completed the acquisition of strategic equity stakes in MRPPL and BRPL. These transactions helps LMEL to expand its presence across key steel belts and reinforce its role as a key player in the domestic and export pellet markets.” 4 4 4 12 2 4 18 -10 8
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www.lloyds.in 19Investor Presentation | Nov 2025 Benefits from the integration of Thriveni’s MDO operation Step towards producing non-cyclical “low-cost” steel of India Alignment of Shareholder Interest Margin Expansion Cost and Time Synergies Growth Engine ▪ Long term alignment of shareholder interest with key partner Thriveni ▪ Biggest cost (MDO) fully integrated with cost efficient operator ▪ Collaboration for longer term to multiply shareholder returns ▪ Synchronisation of resources between LMEL and Thriveni ▪ Cost reduction as we scale up ▪ Acquiring proven and established expertise for MDO vs developing MDO expertise in- house (time-consuming with a long learning curve) ▪ MDO margins shall boost mining business margins ▪ Backward Integration to MDO ▪ Expected mining margin uplift by ~10-15% (on a consolidated basis with LEML) • Recurring Revenue Model of Business • Combination of LMEL BS strength and Thriveni skills to grow business through revenue and product sharing MDO contracts • Potential to do end-to-end MDO contracts, including mineral processing • Access to the International Mining Industry
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PROJECT UPDATES
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Roadmap towards Value Addition www.lloyds.in 21Investor Presentation | Nov 2025 BHQ Beneficiation (Throughput)Iron Ore Pellets Sponge/DRISlurry Pipeline Steel (WRM) Existing Post Expansion - 45 MNT Existing Post Expansion 4 MNT 8 MNT Existing 0.70 MNT Existing 85Kms Existing Post Expansion - 1.2 MNT Existing 26 MNT Active Projects
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Project Updates www.lloyds.in 22Investor Presentation | Nov 2025 Completed Projects Project Progress So Far Project Details Pilot Plant 5TPH completed Primary Engineering completed for BHQ plants and major equipment procuring in progress BHQ 30 mnt Throughput Pilot Plant has given Excellent results with yield of 38%+ Land acquisition is being undertaken and remains a key challenging milestone Mines FY22 – 3 mnt FY23 - 3.6 mnt FY24 & 25 – 10 mnt FY26 - Mobilised along with Thriveni to mine and sell 20- 22 mnt of iron ore Work Completed Slurry Pipeline - 1 & Pellet Plant - 1 Project commissioned Major Machinery Ordered, Work at Site in full swing Pellet Plant - 2 Project in advanced stages to be completed ahead of the Schedule DRI plant at Ghughus is commissioned Steel Plant construction work has started 1.2mnt Steel The project is at the advanced stages and is expected to be on time. Undergoing Projects Phase 1 Phase 2 r---------------------------------- :u :u :u :u :u :u :u :u :u • • •---------------------------- • • • --~ --------- j~ ____ • ________ j~--------------~--
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www.lloyds.in 23Investor Presentation | Nov 2025 Project Updates Future Projects Slurry Pipeline 195 kmsProject Progress So Far Project Details Pellet Plant – 3 BHQ Beneficiation of 15MNT Integrated Steel Plant 3mnt Land procured, engg in progress, EC in progress Survey work completed, preliminary engg completed, ROW approval in progress Construction work to start in Q4FY26 Preliminary engg vendor being short listed, EC & land procurement in progress Hedri to Ghughus via Konsari Plant. Will feed steel plant at Konsari & the 3rd pellet plant at Ghughus. Construction work to start before Q1FY27 :u :u :u :u :u --•-----------• --•-----------• --•-------~•
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www.lloyds.in 24Investor Presentation | Nov 2025 Driving Cost Optimisation Across the Value Chain ▪ Per tonne savings on iron ore to the tune of INR 400-500 on a consolidated basis ▪ Freight cost reduction of INR 500-600 per tonne on 85kms slurry pipeline ▪ Freight cost reduction of INR 800-1000 tonne on 195kms slurry pipeline ▪ Internal; Freight to reduce by INR 100-150 per tonne ▪ Significant cost savings of up to INR 100 crore annually for the Mining & Pellet operations Acquisition of Thriveni MDO Operations(80%) in INR 700mn Slurry Pipeline ▪ 85kms-10mnt- From Hedri to Konsari ▪ 195kms-5mnt-From Hedri to Ghughus Captive Logistics ▪ Investment in a fleet of trucks to ensure captive logistics, which are currently third-party Investment in Renewable Energy ▪ to secure 100MW of power for captive consumption ▪ Short term procurement of power & optimise trading of power. Total savings of more than INR 20,000 cr (USD 2.4bn) over 10 years on a consolidated basis
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Industry Overview
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Iron Ore Supply Coming at Higher Premiums www.lloyds.inInvestor Presentation | Nov 2025 3026 FY 23 161 Crude Steel Capacity (MTPA) 127 Crude Steel Production(MTPA) 210 Iron Ore Req. (MTPA) 258 Iron Ore Prod (MTPA) 376 Iron Ore EC (MTPA) FY 30 Case – I 242 Crude Steel Capacity (MTPA) 210 Crude Steel Production(MTPA) 404 Iron Ore Req. (MTPA) 350 Minimum Iron Ore Prod Req. (MTPA) 525 Minimum Iron Ore Capacity Req. (MTPA) FY 30 Case – II 437 Crude Steel Capacity (MTPA) 255 Crude Steel Production(MTPA) 437 Iron Ore Req. (MTPA) 437 Minimum Iron Ore Prod Req. (MTPA) 637 Minimum Iron Ore Capacity Req. (MTPA) ▪ Case I – Assumptions (As per Steelmint) Considering the steel capacity utilisation factor remains similar to FY23 & India achieves capacities as suggested by industry players. ▪ Case II – Assumptions Considering as per NSP-2017. ▪ India Would need an Iron Ore ROM EC Capacity of at least 525-637 MTPA.
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Iron Ore Supply Coming at Higher Premiums www.lloyds.in 33Investor Presentation | Nov 2025 Year Avg. auction premium (% of IBM notified prices) 2016 86.14 2017 93.62 2018 98.98 2019 85.92 2020 115.15 2021 116.58 2022 114.62 2023 178.61 2024 108.95 Year Number of Mines due for Auction Estimated total production capacity (MTPA) 2025 6 25 2026 6 5 2027 3 2 2029 2 17 2030 8 59 Average 20 MTPA of iron ore mine due for upcoming auctions Source: Ministry of Mines, only mining leases with iron ore as the primary mineral considered; extreme outliers (above 200% duty are removed. ▪ More than 100 MTPA of Iron ore mining capacity due for auction till CY 30 ▪ With the current auction premium, cost curves of the upcoming mines have a risk of sharp increase LMEL mines are valid till year 2057, making them one of the prominent miners beyond CY30 27
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Green Mining Implementing electric solutions across entire mining operations, from drilling to dispatch, for enhanced efficiency. Renewable Energy Over 100+ MW through solar & wind power Community First In FY 25, over $8.3 Million invested through CSR activities to uplift local communities Local employment Maximising local employment by upskilling and empowering locals and especially women Rebuild Centre Re-engineering and re-using old equipment ESG Performance We define growth not just by our business success but by the positive impact we create empowering communities, enriching lives, and shaping a sustainable future. 28 L
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CSR Initiatives Lloyds Infinite Foundation, the social development arm of Lloyds Metals leads the community development initiatives in the operating locations of Lloyds Metals. 29 LLOYDS IN Fl N ITE FOUNDATION
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www.lloyds.in 30Investor Presentation | Nov 2025 Fostering the Development of Sustainable Institutions for Long-Term Growth Empowering Communities Beyond CSR – Aligning Growth with Government Vision & Sustainable Mining Free Medical Service 24x7 Dispensary and Ambulance Service Industrial Security Academy Garment Unit Simulator training Women HEMM Drivers Hospital Educational Support
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▪ Educational institution set up near the mines to deliver high-quality education. LRVN School, Hedri ▪ Offered from Pre nursery till 12 th Standard. ▪ Hostel facility for 600 students. www.lloyds.in 31Investor Presentation | Nov 2025 Sustainable Business Practices
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▪ Educational institution set up near Plants GD Goenka Lloyds Public School, Ghughus ▪ Offering CBSE course to more than 150+kids. www.lloyds.in 32Investor Presentation | Nov 2025 Sustainable Business Practices
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Sustainable Business Practices www.lloyds.in 33Investor Presentation | Nov 2025 Gadchiroli District Premier League 2025 (GDPL 2025) Lloyds Metals & Energy Ltd. (LMEL) proudly organised the Gadchiroli Premier League (GPL) 2025 under its CSR activities as part of its ongoing commitment to community development and youth empowerment. Held from January 19 to February 2, 2025, at the Jilla Stadium, Gadchiroli, the tournament brought together seven spirited teams. Inaugurated by former Indian cricket legend Ravi Shastri, the 2025 edition of GPL highlighted LMEL’s dedication to holistic rural development. By encouraging sportsmanship, nurturing young athletes, and creating avenues for positive recreation, LMEL continues to contribute meaningfully to the social and cultural upliftment of the Gadchiroli region.
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Sustainable Business Practices www.lloyds.in 34Investor Presentation | Nov 2025 Industrial Lloyds Cup at Chandrapur The Industrial Lloyds Cup was successfully organized in February 2025, bringing together leading industrial and government teams from the region for an exciting display of sportsmanship and teamwork. Run for Fun: A 5KM Celebration of Fitness & Unity! Surjagarh, 1st Dec, 2024: We proudly hosted a 5 KM Marathon that brought together employees, management, and local villagers in a vibrant celebration of health and community spirit. The event took place from 6:30 AM to 9:00 AM, following a scenic route that started at Hedri Hospital through the Grinding Unit, Bande Gate, Mallam Pahari More, and concluded at Mines Camp.
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Sustainable Business Practices www.lloyds.in 35Investor Presentation | Nov 2025 01. Key HR KPI’s ▪ Attrition rates fell to c.10% in FY25 from 24% in FY22 ▪ Average tenure of employees; 25% more than 5 years “Lower attrition despite business activity engaged in socially backward areas” 02. ESOPS for All ▪ ESOPS for all Employees across ALL RANKS ▪ ESOPS have been given across group companies as well “Setting New HR Benchmarks with ESOPs for All “ 03. Employee Welfare ▪ Marriage and Child Birth- 1 month gross salary ▪ Skill development centre at Ghughus & Konsari (Welder, Rigger, masonry, etc) ▪ Total Mandays on Skill Development FY25- 1.84 lac ▪ Total Mandays of upskilling panned in next three years – 1mn+ ▪ One monthly menstrual leave day to support gender equity and well- being.
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www.lloyds.in 36Investor Presentation | Nov 2025 LMEL at Glance Integrated Operations Allocated Iron Ore Mine, thereby saving outflow on premium royalty Mine lease is valid till CY2057 Iron ore Reserves ▪ DSO-157mnt ▪ BHQ-706mnt Forward Integrating into 12mnt Pellet and 4.2mnt Steelmaking Strong Balance sheet & Return Ratios All the expansion plans are drawn with the most efficient capital allocation IPS (capital subsidy) Entitle to receive refund of State GST and Royalty on Captive ore consumed. RoCE – FY25 – 26.4% (ex CWIP 62%) RoE – FY25 – 22.7% Swift execution accompanying Sustainability Swift execution of projects has been a strong foothold of LMEL. Slurry pipelines have dual advantage, lower freight cost and a lower carbon footprint Creating a positive impact on lives of Vidarbha t t t
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www.lloyds.in 37Investor Presentation | Nov 2025 Strategically Located Facilities The Surjagarh Iron Ore Mine (SIOM) is strategically located in the centre of India, equidistant from most steel plants. At LLOYDS METALS, we redefine customer service with our game-changing promise of Door-To-Door Delivery Iron Ore Mine Ghugus Hedri Konsari District Map of Gadchiroli District Map of Chandrapur ... 04""-----
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Financial Overview • ■ • ••••••• • ••••••••••• .......... .... •••••••••••• •••••••••••• ........ 11.11•••1. •••••••••••••• ................ ••••••••••••••• . -- ..... •••••••••••••• ••••••••••••• •••••••••••••• •• ••••••••••• •••••••••••• .,, ..... . •• • •• • • •
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Consolidated Historical Income Statement www.lloyds.in 39Investor Presentation | Nov 2025 Particulars (INR Mn) FY23 FY24 FY25 H1-FY26 Total Income 34,667 65,746 67,726 61,185 Operating Expenses 25,820 47,934 47,685 41,975 EBIDTA 8,847 17,812 20,041 19,210 EBIDTA Margin (%) 25.52% 27.09% 29.59% 31.40% Depreciation and amortisation expenses 230 490 808 1,973 Finance costs 650 57 272 1,904 Profit Before Exceptional Items 7,967 17,265 18,961 15,333 Exceptional Items (11,944) - - - Profit After Exceptional Items (3,977) 17,265 18,961 15,333 Tax (1,091) 4,836 4,462 3,243 PAT (2,886) 12,429 14,499 12,090 PAT Margin (%) NA 18.90% 21.41% 19.76% Diluted EPS (4.74) 24.43 26.12 21.61 *PAT and EBITDA margin includes Total Income
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Consolidated Historical Income Statement www.lloyds.in 40Investor Presentation | Nov 2025 Particulars (INR Mn) FY24 FY25 H1FY26 Equity (a) Equity Share Capital 505 523 526 (b) Other Equity (including Non Controlling interest) 27,604 63,498 81,064 Non-Current Liabilities (i) Borrowings - 7,539 54,630 (ii) Lease Liability 294 359 1,406 (iii) Other Non Current Liabilities - - 418 (b) Provisions 249 350 1,326 (c) Deferred Tax Liabilities 864 755 577 Current Liabilities (a) Financial Liabilities - - - (i) Lease Liability 37 35 407 (ii) Borrowings - 18 25,193 (iii) Trade Payables 3,951 363 12,234 (iv)Other Financial Liabilities - - 3,301 (b) Provisions 190 217 1,386 (c) Other Liabilities & Current Liabilities 5,682 20,509 18,864 TOTAL EQUITY AND LIABILITIES 39,376 94,169 2,01,332 Particulars (INR Mn) FY24 FY25 H1FY26 Non-Current Assets (a) Property, Plant and Equipment 11,568 15,315 64,360 (b) Capital Work in Progress 12,682 41,811 35,391 (c) Right to use account 780 810 1,920 Financial Assets: (d) Investments 0.4 324 484 (e) Deferred Tax Assets - - - (f) Other Non-Current Assets ( incl. Goodwill) 3,072 5,706 35,899 Current Assets (a) Inventories 2,311 4,318 14,574 () Investments 290 751 513 (i) Trade Receivables 799 1,714 14,541 (ii) Cash and Cash Equivalents 26 400 694 (iii) Other Bank Balances 2,845 6,993 9,071 (iv) Loans and Advances 15 2,508 3,333 (b) Other Current Assets 4,988 13,519 20,552 TOTAL ASSETS 39,376 94,169 2,01,332
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Consolidated Historical Financial Highlights 41Investor Presentation | Nov 2025 www.lloyds.in Total Income (INR Mn) EBITDA (INR Mn) & EBITDA Margins (%) Adj PAT (INR Mn) Net D/E (x) ROCE (Excl CWIP) (%) Networth (INR Mn) & RoE (%) 34,667 65,746 67,726 61,185 FY23 FY24 FY25 H1-FY26 8,847 17,812 20,041 19,210 25.52% 27.09% 29.59% 31.40% - 5,00 0 10, 00 0 15,00 0 20,0 00 2 5 ,0 00 FY23 FY24 FY25 H1-FY26 * 9,855 12,429 14,499 12,090 FY23 FY24 FY25 H1-FY26 -0.2 -0.1 0.0 FY23 FY24 FY25 15,290 28,108 64,021 55.47% 59.80% 26.60% FY23 FY24 FY25 70% 106% 63% FY23 FY24 FY25
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Price Data (As on 30th September 2025) INR Face Value 1.00 Current Market Price 1,226.50 52 Week H/L 1,613.40/ 880.95 Market Cap (INR Mn) 6,45,688.76 Equity Shares Outstanding (Mn) 526.45 1 Year Avg. Trading Volume ('000) 564.62 Capital Market Information www.lloyds.in v -40% -20% 0% 20% 40% 60% 80% Oct-24 Dec-24 Feb-25 Apr-25 Jun-25 Aug-25 Lloyds Metals Nifty 50 Nifty Metal 1 YEAR SHARE PRICE MOVEMENT (Up to 30th September 2025) v Shareholding Pattern (As on 30th September 2025) Promoter, 63.05% FII's, 2.30% DII's, 2.10% Public, 32.55% Investor Presentation | Nov 2025 v Shareholders Returns 5% -22% NSE Metals LMEL Quarterly -2% 25% NSE Metals LMEL Yearly 79% 613 % NSE Metals LMEL 3 Year NSE Metals LMEL 42 - I _ I _ I
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Disclaimer 43Investor Presentation | Nov 2025 www.lloyds.in Lloyd’s Metals & Energy Limited (LMEL) Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Lloyds Metals & Energy Limited(“Company” or “Lloyds”), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward- looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. Valorem A dvisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and 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 of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. Valorem Advisors Mr. Anuj Sonpal, CEO Tel: +91-22-49039500 Email: lloyds@valoremadvisors.com Investor Kit Link: https://www.valoremadvisors.com/lloyds Investor Relations Lloyds Metals and Energy Ltd Tel: +91-22-62918164/9892183389 Email: lloyds_ir@lloyds.in VALOREM ADVISORS