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Lloyds Metals & Energy Ltd. Investor Presentation | August 2026 LLOYDS METALS © Lloyds Metals and Energy 2026
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Expanding Horizons, Deepening Strengths www.lloyds.in 2Investor Presentation | August 2026 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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Q1 FY27 Sustainability Performance Driving Sustainability, Delivering Profitability 01 Diversified Power Mix 6 integrated electricity sources INR 26.26 Cr Cost saving, Q1 FY27 22,478 tCO2 emissions saved 02 LSHS to LNG Green Pellets India's first integrated green pellet chain 1,500 MT LSHS replaced with LNG ₨5 Cr Cost saving, Q1 FY27 1,100+ tCO2e saved 03 Slurry Pipeline Efficiency Logistics on renewable power INR ~329 Cr Cost Saving 3,800 KL Diesel avoided ~6,000 tCO2e saved 04 Clean Energy on Wheels In-house EV conversion (TRC) 130+ Electric/battery HEMM 91 + 64 Battery & LNG trucks 5,500+ tCO2e saved 4www.lloyds.inInvestor Presentation | August 2026 05 R&D Expenditure Innovation at LMEL & Thriveni INR 63.40 Cr INR 35.86 INR 36.22 Cr. BHQ Pilot Plant Exploration cost Others All Figures In INR are estimations. 01 Diversified Power Mix 39 MW RE in operation and 85+ MW under commissioning ~67 MW PPA and SSHA (Solar + Wind) finalised 21 MW off-grid rooftop and floating solar PPA finalised 205 MW RTC RE RFQ floated for further capacity
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Result Highlights Sustainable growth
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www.lloyds.in 6Investor Presentation | August 2026 *All figures in millions (₹) 23,799 25,480 38,398 49,129 54,129 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Highest ever quarterly/yearly Revenue, EBITDA and PAT on a Standalone basis 7,801 8,417 12,814 16,144 21,202 32.8% 33.0% 33.4% 32.9% 39.2% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 6,346 6,056 8,886 10,656 15,269 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Revenue PATEBITDA & EBITDA Margins 33,923 65,247 67,214 1,36,806 54,129 FY2023 FY2024 FY2025 FY2026 Q1FY27 8,103 17,315 19,532 45,160 21,202 23.9% 26.5% 29.1% 33.0% 39.2% FY2023 FY2024 FY2025 FY2026 Q1FY27 6,876 12,429 14,509 31,943 15,269 FY2023 FY2024 FY2025 FY2026 Q1FY27 Revenue PAT 127% YoY +172% YoY +141% YoY EBITDA & EBITDA Margins
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www.lloyds.in 7Investor Presentation | August 2026 Q1FY27 Highlights - Standalone Financial Performance INR 21,202 Mn EBITDA INR 54,129 Mn Revenue from Operations INR 15,269 Mn PAT 39% EBITDA Margin Strong Growth Backed by Operating Leverage and Mix Improvement • Revenue from Operations for Q1FY27 stood at INR 54,129 mn, registering a sharp 127% YoY growth in Q1 • EBITDA for Q1FY27 came in at INR 21,202 mn, growing 172% YoY. Growth was driven by higher iron ore EC limits, faster ramp-up of the pellet plant, and improved sponge iron volumes. • The company reported best ever EBITDA margins of 39% in Q1FY27 (+639 bps YoY), reflecting strong operating leverage ➢ Commissioning of the slurry pipeline lowered logistics and freight costs for iron ore ➢ Higher realisations across products strengthened overall margins. ➢ A better product mix, with higher contribution from value-added products like pellets, led to meaningful margin expansion. • Demand for products remain strong and buoyant with domestic demand maintaining positive momentum Capex Update The company has incurred capex of INR 1,35,130 mn during FY24-FY26 and 30,050 Mn in Q1FY27 alone. Net Debt Position Net Debt as on 30.06.2026 – INR 56,161 Mn
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www.lloyds.in 8Investor Presentation | August 2026 Q1FY27 Key Performance Update Q2-FY26 Financial Performance Iron Ore ▪ Iron ore production volume for Q1FY27 stood at 6.05 MnT, exhibiting a growth of 53% YoY. ▪ Iron ore sales volume for Q1FY27 stood at 5.46 MnT, exhibiting a growth of 58% YoY. ▪ Realisation per tonne for Q1FY27 stood at INR 6,068. ▪ EBITDA per tonne for Q1FY27 stood at INR 2,230. ▪ Currently the monthly run rate in is ~2+ MnT DRI & Power ▪ DRI Sales Volume: DRI Q1FY27 volumes stood at 183.92kt higher 133% YoY. ▪ DRI Realisations & EBITDA : DRI Realisations stood at INR 27,376 for Q1FY27. EBITDA/tonne stood at INR 6,273 in Q1FY27. ▪ Power volumes were up by 87% in Q1FY27 YoY. Pellets ▪ Pellets Production for Q1FY27 stood at 1.69 MnT. Achieved 100% Capacity Utilisation within 4 months. ▪ Realisation per tonne for Q1FY27 stood at INR 11,783. The quality achieved and geographical location led to good realisation. ▪ EBITDA per tonne for Q1FY27 stood at INR 5,803. The slurry pipeline and captive ore coupled with better realisation led to such robust margins for pellets. ▪ 2nd Pellet Plant commissioned in May-26 ▪ Sales Mix: 75.3% domestic / 24.7% exports, supporting steady offtake and realisations. ▪ Market Reach: Exports expanded into Kenya, South Korea, Indonesia and China; domestic reach across central and southern India.
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Quarterly Product wise Performance www.lloyds.in 9Investor Presentation | August 2026 DRIIron Ore & Pellets Power Value Added ProductsIron OreTotal 20,631 35,350 32,177 7,342 10,847 12,052 35.59% 30.68% 37.46% Q1FY26 Q4FY26 Q1FY27 Revenue (INR Mn) EBIT (INR Mn) EBIT Margins 3,168 13,779 21,952 181 4,304 8,147 5.71% 31.24% 37.11% Q1FY26 Q4FY26 Q1FY27 Revenue (INR Mn) EBIT (INR Mn) EBIT Margins 3.45 6.16 5.46 0.89 1.34 Q1FY26 Q4FY26 Q1FY27 Sales (MMT) Iron Ore Pellets 78.93 188.38 183.92 0 50 Q1FY26 Q4FY26 Q1FY27 Sales (’000 MT) 45.00 64.00 26.00 Q1FY26 Q4FY26 Q1FY27 Sales (Mn Units) 23,799 49,129 54,129 7,523 15,151 20,199 31.61% 30.84% 37.32% Q1FY26 Q4FY26 Q1FY27 Revenue (INR Mn) EBIT (INR Mn) EBIT Margins
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Quarterly Product Mix- Increasing VAP share www.lloyds.in 10Investor Presentation | August 2026 Revenue Split EBIT Split 59% 41% Q1FY27 72% 28% Q4FY26 87% 13% Q1FY26 60% 40% Q1FY27 98% 2% Q1FY26 72% 28% Q4FY26 MINING STEEL AND RELATED VAP
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Standalone Financial Performance www.lloyds.in 11Investor Presentation | August 2026 Particulars (INR Mn) Q1-FY27 Q1-FY26 Y-o-Y Q4-FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 54,129 23,799 127% 49,129 10% 1,36,806 67,214 104% Total expenses 32,927 15,998 106% 32,986 0% 91,647 47,682 92% EBIDTA 21,202 7,801 172% 16,143 31% 45,159 19,532 131% EBIDTA Margin (%) 39.17% 32.78% 639 bps 32.86% 631 bps 33.01% 29.06% 395 bps Other Income 954 286 234% 645 48% 1,572 513 206% Depreciation and amortization 1,003 278 261% 993 1% 2,425 805 201% Finance costs 1,072 145 639% 644 66% 1,323 271 388% Profit Before Tax 20,081 7,664 162% 15,151 33% 42,983 18,969 127% Tax 4,812 1,318 265% 4,495 7% 11,040 4,460 148% PAT 15,269 6,346 141% 10,656 43% 31,943 14,509 120% Other comprehensive Income 0 (2) N.A. 6 N.A. 0 (7) N.A. Total Comprehensive Income 15,269 6,344 141% 10,662 43% 31,943 14,502 120%
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Strategic Growth Trajectory Across Key Product Vertical www.lloyds.in 12Investor Presentation | August 2026 Product Category FY26 Actual FY27 Guidance Iron Ore Production 21.96 MnT 26 MnT Pellet Production 3.03 MnT 7.75-8 MnT DRI Production 484 KT 825 KT Steel (WRM) Production - Q4FY27 Commissioning Copper 2.5 KT 8-10 KT
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www.lloyds.in 13Investor Presentation | August 2026 Thriveni Earthmovers and Infra Private Limited (TEIPL) Gadchiroli Operations • As per the latest Environmental Clearance (EC) obtained in FY 2025–26, the ROM handling capacity has been enhanced from 10 MTPA to 55 MTPA, representing a 5.5- fold increase. • Green fleet deployment is being implemented through electric, battery-operated, and LNG-hybrid mining equipment. • A 100-tonne diesel dumper has been converted to LNG-hybrid operation. • The EV and LNG ecosystem is being developed at SIOM. • Solar energy infrastructure is being developed to increase the utilisation of renewable energy and support sustainable mining operations. • Sustainability initiatives are also contributing to long-term structural cost optimisation. • 14 mobile crushers and 26 HEMM units have been mobilised for BHQ crushing operations at the mine. • Mobilisation and assembly of 10 EH5000 Ultra Class dump trucks are in progress. • Full-scale mining operations have commenced at the Central Hill. • The FY27 equipment mobilisation plan has been completed as per schedule. • A total of 88 electric equipment units are operational at the mines. • An additional 20 electric equipment units are operational at the railway siding. • During the last quarter, the mine achieved a total production of 12.83 million tonnes (MT) including BHQ. • Deployment of 240-tonne dumpers and other high-capacity mining equipment is planned to support large-scale excavation and achieve the enhanced production capacity. Q1FY27 Financial Performance INR 6,581 Mn EBITDA INR 26,719 Mn Revenue from Operations 24.63% EBITDA Margin
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www.lloyds.in 14Investor Presentation | August 2026 Q1FY27 Highlights- Thriveni Earthmovers and Infra Private Limited (TEIPL) Odisha Operations • Dalpahar Mines: Operations expected Q2 FY27; FY27 production target 3 MTPA. • Laserda–Pacheri Operation commenced Q1 FY27, FY27 production target 1.5 MTPA, • SML mine capacity increased from 1.5 MTPA to 1.8 MTPA. • Guali mine production enhanced from 7.4 MTPA to 9.0 MTPA. • S. Pradhan mine scaled up from 0.57 MTPA to 4.99 MTPA. • Sagasahi mine selected for the 11th FICCI Excellence Award. • Odisha operations in volumes to increase by 39% YoY to 34-35mnt in FY27 • GRM production capacity has enhanced from 5.99 to 6.99 MTPA in FY27 Thriveni Sainik Mining – PB West and PB North West • Achieved the Highest Distinction of a 5-Star Rating by the Ministry of Coal (FY 2024–25), while retaining the No. 1 position among all opencast coal mines in India for 2nd consecutive years. • CII National EHS Excellence Award (Silver) : A Recognition of Commitment towards World-Class EHS Standards. Geomysore – Gold Mining • India’s first private integrated Gold Mining and processing company. Grand Inauguration of the state-of-the-art plant by Hon’ble Chief Minister of Andhra Pradesh Shri Chandra Babu Naidu on 24th July 2026. • This historic step towards unlocking prosperity through innovation, sustainability and responsible resource development. • During the first quarter, the mine achieved a total production of ROM 0.17 million tonnes (MT) and Exploration / Drilling of 14,105 mtr.
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TEIPL (Consolidated) - Key Matrices www.lloyds.in 15Investor Presentation | August 2026 Particulars (INR Mn) Q1-FY27 Q1-FY26 Y-o-Y FY26 FY25 Y-o-Y Revenue from Operations 26,719 16,387 63% 78,711 65,769 20% Total expenses 20,138 13,702 47% 59,433 56,007 6% EBIDTA 6,581 2,685 145% 19,277 9,753 98% EBIDTA Margins (%) 24.63% 16.38% 827 bps 24.49% 14.84% 965 bps Other Income 857 387 121% 1,258 861 46% Cash PAT 4,468 1,827 145% 11,962 4,851 147% Cash Pat Margins (%) 16.72% 11.15% 522 bps 15.20% 7.38% 782 bps Key Balance Sheet Net Debt (incl RPS) (as on 30.06.26) 58,205 53,734 32,493 Equity (as on 31.03.26) 926 * Other Equity (including Non Controlling interest) (as on 31.03.26) 6,167 * Particulars Q1-FY27 Q1-FY26 FY26 FY25 Iron Ore (Mn Tonnes) – Incl BHQ 19.09 9.87 54.94 35.44 Baryte – Incl. OB (Mn Cubic meters) 2.14 2.43 8.60 9.02 Coal (Indian operations) Incl. OB (Mn Cubic Meters) 26.02 23.09 95.35 105.71 Coal (Overseas operations) incl. OB (Mn Cubic Meters) 5.93 9.89 36.43 29.79 Key Operational Data • Pertains to demerged entity FY26 EBITDA includes a one time loss on fair value of CCPS worth INR 643 million
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Copper Snapshot Q1FY27 www.lloyds.in 16Investor Presentation | August 2026 Particulars ($ Mn) Q1FY27 Total Copper Produced (in tonnes) 2,754 Total Income 46.82 Total expenses 49.45 EBIDTA (2.63) Q1FY27 UPDATE ▪ Surya Mines commenced trial production in March and ramped up to peak production of 775 tonnes in June 2026; Mines Exploration activities are progressing well, with 24,000 Mtrs of RC drilling and 19,500 Mtrs of diamond drilling completed; exploration results are awaited. ▪ Chemaf Oxide Plant (EP-1) has been shut down for care and maintenance and upgradation, while the upgradation work for the Sulphide EP-2 plant is currently in progress to increase its processing capacity. Expected Commencement will be in April 2027. ▪ The Q1 FY27 loss is primarily attributable to the closure of EP1, which resulted in lower revenue and higher sulfuric acid and diesel prices due to middle east war, while employee and other operating costs continued to be incurred during the transition period. ▪ Currently, Sulphuric acid started, one mine operation started. ▪ Machinery and Manpower deployed and exploration started. 8,250 45,372 85,251 3,868 12,524 - 20,000 40,000 60,000 80,000 1,00,000 1,20,000 FY27 FY28 FY29 Copper Cobalt N e x t 3 Y e a r s – E x p e c t e d P r o d u c t i o n R a m p - up
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Resilient Mix - Consolidated www.lloyds.in 17Investor Presentation | August 2026 Revenue Split EBIT Split 44% 31% 19% 6% Q1FY27 87% 13% Q1FY26 MINING STEEL AND RELATED VAP MDO OPERATION & OTHER RELATED SERVICES 62% 23% 15% Q4FY26 COPPER & RELATED PRODUCT 48% 32% 23% -3% Q1FY27 96% 4% Q1FY26 47% 19% 35% 0% Q4FY26
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Consolidated Financial Performance www.lloyds.in 18Investor Presentation | August 2026 Particulars (INR Mn) Q1-FY27 Q1-FY26 Y-o-Y Q4-FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 73,544 23,835 209% 60,197 22% 1,71,127 67,211 155% Total expenses 45,729 15,778 190% 34,744 32% 1,09,725 47,653 130% EBIDTA 27,815 8,057 245% 25,453 9% 61,402 19,558 214% EBIDTA Margin (%) 37.82% 33.80% 402 bps 42.28% 446 bps 35.88% 29.10% 678 bps Other Income 1,283 276 365% 112 1,046% 1,937 537 261% Depreciation and amortization 2,615 314 733% 2,244 17% 6,072 808 651% Finance cost 2,755 146 1,787% 1,676 64% 5,104 272 1,776% Profit Before Tax 23,728 7,873 201% 21,645 10% 52,163 19,015 174% Share of associates 327 0 N.A. 226 N.A. 206 - N.A. Tax 6,715 1,354 396% 6,571 2% 14,083 4,462 216% PAT 17,340 6,519 166% 15,300 13% 38,286 14,553 163% Company crosses a major Revenue milestone
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Recent Developments
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Growing operations, growing power requirement • The Company's operations are witnessing consistent growth. In line with this trajectory, power requirements are expected to increase substantially to support and sustain expanding business activities. • Proposed investment in three dedicated Special Purpose Vehicles 66 MW wind and solar portfolio. • The Company is accordingly exploring captive power consumption to secure a reliable, cost-effective and sustainable energy supply. Cost certainty Captive tariff fixed for 25 years insulates the Company from DISCOM tariff revisions. Regulatory benefit Captive status carries exemption from cross- subsidy surcharge and additional surcharge. Capital efficiency Exposure is limited to a minority equity stake, not full project capital expenditure. Sustainability Direct contribution to renewable consumption targets and Scope 2 emission reduction. Total Savings in Yr 1 INR ~620 Mn Savings by SPV Total Savings in Yr 25 INR ~14.5 Bn Savings by SPV www.lloyds.in 20Investor Presentation | August 2026
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www.lloyds.in 21Investor Presentation | August 2026 New Horizons: The rise of Green metals – Copper and Cobalt S U R Y A M I N E S D R C 1 2 , 0 0 0 T P A 5 0 % S T A K E C H E M A FG R O U P D R C 7 0 , 0 0 0 T P A C u 2 0 , 0 0 0 T P A C o 4 9 % S T A K E Actively building Chemaf to bring into full scale operations in FY28 ▪ Operational capacity of ~800 TPM and ramp up to ~1,000 TPM by FY27 end ▪ Large exploration targets with more than 100 sq Km ▪ Set foothold in a high growth territory giving access to larger assets ▪ Potential for mineral discovery with large upsides ▪ Exploration in full swing with more than 20,000+ meters drilled with awaiting results. Established Asset Footprint Full Operational Control Operational Plant Market Access ▪ Both projects (ETOILE & MUTOSHI) in full phase of development. ▪ 5,000+ workforce deployed for project implementation . ▪ Mutoshi and EP II together represents ~2.11 Mt (Cu) and ~0.48 Mt (Co) based on JORC standards. ▪ Copper production by Q1-FY28 ▪ 54+ Mining concessions with uncovered resources 100% Captive Ore Critical Mineral Supply ChainModern processing plants US-DRC Aligned Transaction
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Mineral Resource Details Investor Presentation | August 2026 www.lloyds.in 22 Mt Copper grade (%) Gold grade (g/t) Copper (Mt) Gold (Moz) Measured & Indicated 1,538 0.30 0.33 4.6 16.1 Inferred 300 0.30 0.40 0.7 3.2 Total 1,838 0.30 0.34 5.3 19.3 2 Workforce & Employment 400+ people employed in project with active engagement of more than 1,200 people across multiple activities 1 Agreements & Government Relations Mining Lease commencement with the ABG on 7 August 3 Community & Workforce Development Learning & Development Centre was inaugurated on 11 July, with 300 cadets in training. First batch graduation expected in September 4 Social & Health Infrastructure • Hospital construction in full swing, to complete in 6 months • Accommodation camp progressing • Village training programs continue to scale. 5 Exploration Commenced • Exploration Drilling started to validate historical geology Panguna is moving from agreement to activity — people hired, leases signed, infrastructure rising and the resource base being re- validated.
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Panguna in Motion: Community, Construction, Commitment Community & Landowner Engagement Learning & Development Academy Hospital Construction Progress Morgan Camp Accommodation Geotechnical Site Inspection Youth Soccer Tournament Community Sports Awards ABG Mining Lease Handover Investor Presentation | August 2026 www.lloyds.in 23
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EBITDA Q1’FY27 INR ~48 Cr. Pellet Production 540 KTPA 01 Mine Developer & Operator (MDO) Business BRPL began MDO operations at Tata Steel's Joda West manganese mines on 1 June 2026 Feasibility for expansion of volume is underway 02 Tata Steel Partnership: Stable income and rising aspirations for a bright future BRPL's Slurry Pipeline and Pelletisation assets (Odisha) shifting from a single stable-income business to a multi-engine growth platform integrating MDO and logistics projects for minerals Tata Steel - Lloyds Metals MoU to explore strategic collaboration opportunities across key growth areas Sustainable Logistics Infrastructure (Slurry Pipeline) Feasibility for slurry pipeline linking Tata Steel's Odisha mines to its steel plants is under discussion between the partners. Feasible projects to be developed by BRPL under BOT service model "Stable Today, Strategic Tomorrow, Transformative for the Future." Pellet Slurry Pipeline MDO 03 02 01 "Strategic Partnership with Tata Steel: Unlocking Value Across Mining, Logistics & Steel Manufacturing” Steel Investor Presentation | August 2026 www.lloyds.in 24
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PROJECT UPDATES- Downstream Projects
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Roadmap towards Value Addition www.lloyds.in 26Investor Presentation | August 2026 BHQ Beneficiation (Throughput) Iron Ore Pellets Sponge/DRISlurry Pipeline Steel (WRM) Existing Post Commissioning - 45 MNT Existing Post Expansion 8 MNT 12 MNT Existing Post Expansion - 1.2 MNT Existing 26 MNT Existing Line - 2 85kms 195 kms Existing CPP 0.70 MNT 150 MW Copper Existing Post Expansion 12,000 TPA 1,00,000 TPA Cobalt Existing Post Expansion 4000 TPA 20,000 TPA
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Project Updates www.lloyds.in 27Investor Presentation | August 2026 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%+ Forest Land Secured for the ongoing BHQ project Mines FY22 – 3 MnT FY23 - 3.6 MnT FY24 & 25 – 10 MnT FY26 – 22 MnT FY27 - Mobilised along with Thriveni to mine and sell 26 MnT of iron ore Work Completed Slurry Pipeline - 1 & Pellet Plant - 1 Slurry pipeline – 85 Kms Pellet Plant 1 – 4 MnT 4MNT Commissioned in May- 2026 Pellet Plant - 2 Completed in 16 months from date of commencement of construction 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
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www.lloyds.in 28Investor Presentation | August 2026 Project Updates Future Projects Slurry Pipeline 195 kmsProject Progress So Far Project Details Pellet Plant – 3 BHQ Beneficiation of 15MNT Integrated Steel Plant Land procured, engineering in progress, EC in hand. Survey work completed, preliminary engineering completed, ROW approval in progress Construction work to start in Q4FY26, expected commissioning in fiscal 2027. Land procurement completed. Hedri to Ghughus via Konsari Plant. Will feed steel plant at Konsari & the 3rd pellet plant at Ghughus. Company would have a new Stockyard at Chandrapur, with a railway siding saving Rs 1000 Pmt in transport Plant configuration being reworked and scaled upwards, leveraging new technologies to enhance efficiency and optimise the overall steel value chain
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www.lloyds.in 29Investor Presentation | August 2026 Integrated Slurry Evacuation Platform 10 MTPA Already commissioned slurry pipeline from Hedri to Konsari which 85 Kms long 11 MTPA New Slurry Pipeline from Hedri to Chandrapur Stockyard which is 171 Kms long 5 MTPA New Slurry Pipeline from Chandrapur Stockyard to Ghugus which is 47 Kms long Road Transportation from Konsari to Chandrapur Stockyard which is 70 Kms long Chandrapur Stockyard
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www.lloyds.in 30Investor Presentation | August 2026 Integrated Slurry/Iron Ore Evacuation Platform Surjagarh Iron ore Mine Hedri Plant Konsari Plant Chandrapur Stockyard Iron ore from the Surjagarh mine is moved through a pipeline network to Hedri, where slurry is prepared and transported onward. From Hedri, the company is developing a new slurry pipeline to Konsari (≈ 99 km) with planned capacity of ~16 MTPA, building alongside the existing 85 km Hedri– Konsari pipeline that is already operating at 10 MTPA. The network will extend from Konsari to Chandrapur Stockyard (72 km), completing a corridor from mine to dispatch with limited manual handling. ➢ The project is designed to structurally lower logistics costs, deliver cost savings of : ➢ Hedri to Ghughus Plant- Cost savings of INR 800-1000 per tonne ➢ Stockyard at Chandrapur, Saves further INR 250 per tonne on external sales ➢ The presence of parallel slurry routes also provides built-in redundancy, reducing the risk of disruption in case of downtime on any single line. From Mine to Market, Without Friction Ghugus Plant External Sales Internal Consumption
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www.lloyds.in 31Investor Presentation | August 2026 Driving Cost Optimisation Across the Value Chain ▪ All of these initiatives have started showing results in this quarter with a ~635 bps increase in EBITDA margin both YoY and QoQ. ▪ 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 Slurry Pipeline ▪ 85kms-10mnt- From Hedri to Konsari ▪ 195kms-16mnt-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 ▪ Scaling to 100 MW, with 120 MW planned ▪ Thriveni-led greening & machine reuse (Jamshedpur) ▪ Natural gas introduced via trucks to optimise fuel costs ▪ Ongoing power sourcing & fuel mix optimisation to minimise costs Annual savings building up over time and expected to surpass INR 2,000 crore per annum as initiatives mature
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Industry Overview
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Iron Ore Supply Coming at Higher Premiums www.lloyds.inInvestor Presentation | August 2026 33 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.inInvestor Presentation | August 2026 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 2025 160.67 2026 126.00 Year Number of Mines due for Auction Estimated total production capacity (MTPA) 2026 6 5 2027 3 2 2029 2 17 2030 8 59 Average 21 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 80 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 34
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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 26, over $19.06 Million invested through CSR activities to uplift local communities across Gadchiroli, Konsari, Vadha and Shengaon. Contribution to the exchequer amounts to INR 52 billion Local employment Maximising local employment by upskilling and empowering locals and especially womenRebuild 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. 35www.lloyds.inInvestor Presentation | August 2026
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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. 36www.lloyds.inInvestor Presentation | August 2026
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www.lloyds.in 37Investor Presentation | August 2026 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 12th Standard. ▪ Hostel facility for 600 students. www.lloyds.in 38Investor Presentation | August 2026 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 39Investor Presentation | August 2026 Sustainable Business Practices
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Sustainable Business Practices www.lloyds.in 40Investor Presentation | August 2026 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 41Investor Presentation | August 2026 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 42Investor Presentation | August 2026 01. Key HR KPI’s ▪ Attrition rates are c.13% in FY26 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 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 43Investor Presentation | August 2026 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. Avg. RoCE – FY26 – 56% (ex CWIP) Avg. RoE – FY26 – 37% 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
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www.lloyds.in 44Investor Presentation | August 2026 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
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Financial Overview
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Consolidated Historical Income Statement www.lloyds.in 46Investor Presentation | August 2026 Particulars (INR Mn) FY23 FY24 FY25 FY26 Revenue from Operations 33,923 65,247 67,211 1,71,127 Operating Expenses 25,820 47,934 47,653 1,09,725 EBIDTA 8,103 17,313 19,558 61,402 EBIDTA Margin (%) 23.89% 26.53% 29.10% 35.88% Other Income 745 500 537 1,937 Depreciation and amortisation expenses 230 490 808 6,072 Finance costs 650 57 272 5,104 Profit Before Exceptional Items 7,968 17,266 19,015 52,163 Exceptional Items (11,944) - - - Share of Associates - - - 206 Profit After Exceptional Items (3,976) 17,266 19,015 52,369 Tax (1,091) 4,836 4,462 14,083 PAT (2,885) 12,430 14,553 38,286 PAT Margin (%) NA 19.05% 21.65% 22.37% Diluted EPS (4.74) 24.43 26.12 66.87
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Consolidated Historical Balance sheet www.lloyds.in 47Investor Presentation | August 2026 Particulars (INR Mn) FY24 FY25 FY26 Equity (a) Equity Share Capital 505 523 563 (b) Other Equity (including Non Controlling interest) 27,604 64,078 1,42,098 Non-Current Liabilities (i) Borrowings - 7,539 1,38,493 (ii) Lease Liability 294 359 2,593 (iii) Other Non Current Liabilities - - 8,554 (b) Provisions 249 288 1,203 (c) Deferred Tax Liabilities (Net) 864 755 2,017 Current Liabilities (a) Financial Liabilities (i) Lease Liability 37 35 766 (ii) Borrowings - 2,799 65,312 (iii) Trade Payables 3,951 1,080 26,642 (iv)Other Financial Liabilities - - 4,751 (b) Provisions 190 86 691 (c) Other Current Liabilities 5,682 11,564 22,817 TOTAL EQUITY AND LIABILITIES 39,376 89,106 4,16,500 Particulars (INR Mn) FY24 FY25 FY26 Non-Current Assets (a) Property, Plant and Equipment 11,568 16,078 99,925 (b) Capital Work in Progress 12,682 42,673 1,39,461 (c) Right to use account 780 827 3,881 Financial Assets: (d) Investments 0.4 324 6,081 (e) Non-Current Tax Assets - 24 1,010 (f) Other Non-Current Assets ( incl. Goodwill) 3,072 5,712 67,902 Current Assets (a) Inventories 2,311 4,327 26,596 () Investments 290 751 1,051 (i) Trade Receivables 799 1,714 14,805 (ii) Cash and Cash Equivalents 26 416 21,219 (iii) Other Bank Balances 2,845 6,993 5,811 (iv) Loans and Advances 15 2,508 8,896 (b) Other Current Assets 4,988 6,759 19,862 TOTAL ASSETS 39,376 89,106 4,16,500
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15,290 28,108 64,601 1,42,661 55.47% 59.80% 26.60% 37% FY23 FY24 FY25 FY26 Consolidated Historical Financial Highlights 48Investor Presentation | August 2026 www.lloyds.in Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margins (%) Adj PAT (INR Mn) Net D/E (x) Avg. ROCE (Excl CWIP) (%) Networth (INR Mn) & Avg. RoE (%) 33,923 65,247 67,211 1,71,127 FY23 FY24 FY25 FY26 8,103 17,266 19,558 61,402 23.89% 26.53% 29.10% 35.88% - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 FY23 FY24 FY25 FY26 * 9,855 12,429 14,553 38,286 FY23 FY24 FY25 FY26 -0.17 -0.10 0.00 1.20 FY23 FY24 FY25 FY26 70% 106% 63% 56% FY23 FY24 FY25 FY26
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Price Data (As on 30th June 2026) INR Face Value 1 Current Market Price 1,810.40 52 Week H/L 1,858.80/ 1,073.60 Market Cap (INR Mn) 10,18,875.02 Equity Shares Outstanding (Mn) 562.79 1 Year Avg. Trading Volume ('000) 547.70 1 YEAR SHARE PRICE MOVEMENT (Up to 30th June 2026) Capital Market Information www.lloyds.in v -40% -20% 0% 20% 40% 60% Jul-25 Sep-25 Nov-25 Jan-26 Mar-26 May-26 Lloyds Metals Nifty 50 Nifty Metal v Shareholding Pattern (Up to 30th June 2026) Promoter, 61.6% FII's, 1.9% DII's, 2.2% Public, 34.3% Investor Presentation | August 2026 v Shareholders Returns 12% 42% NSE Metals LMEL Quarterly 31% 15% NSE Metals LMEL Yearly 102% 335% NSE Metals LMEL 3 Year 49
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Disclaimer 50Investor Presentation | August 2026 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 Advisors 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 Chintan Mehta/Rohan Gandhi Lloyds Metals and Energy Ltd Tel: +91-22-62918164 Email: lloyds_ir@lloyds.in