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Q4 & FY25 Investor Presentation May’2025 GODAWARI POWER & ISPAT LTD. HIRA GODAWARI POWER & 1Sp,A; CELEBRATING YEARS. EMBRACING OUp FOUNDATION. DEFINING OUp TOMORROW
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Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Godawari Power and Ispat Limited (the “Company”) solely for the 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 what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company Certain statements in this presentation concerning our future growth prospects are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The Risk and uncertainties relating to the statements include, but are not limited to, risks and uncertainties regarding fiscal policy, competition, inflationary pressures and general economic conditions affecting demand / supply and price conditions in domestic and international markets. The company does not undertake to update any forward -looking statement that may be made from time to time by or on behalf of the company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable. 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. The Company does not make any promise to update/provide such presentation along with results to be declared in the coming years. 2 I I HIRA 00 0A W A O W ERA I$AT
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Business at a Glance 3 Captive Iron Ore Mines and manufacturing plants are strategically located in Chhattisgarh Large product portfolio ranging from Iron Ore pellets to Sponge Iron, Steel Billets, Wire Rod, HB Wire, Ferro Alloys and Galvanized Fabricated products. Incorporated in 1999 & Growing under leadership of Mr. B.L. Agrawal, 1st Generation Entrepreneur supported by 2nd Generation. Strong Financial Performance 5 Year CAGR in Revenue, EBITDA, PAT = 10%, 14% & 36% respectively Experienced Board of Directors o BOD constitutes of 50% Independent Directors o Talented workforce of 3,712 employees Backward integrated with captive iron ore mines & Captive Power Generation o ESG Rating by CARE EDGE – ESG 3 with Rating Score of 51 o Credit Ratings - → Bank Loan Facility → Long Term – CRISIL AA- /Stable → Short Term – CRISIL A1+ Focus on ESG & CSR o Reducing carbon footprints with → 165 MW Solar Power. → 28.5 MW Biomass → 42 MW WHRB → 1.5 MW Wind Power o CSR spend – Rs 23.30 Cr. (FY25) Forayed into Recycling Business of Non-Ferrous metals by acquisition of 43.96% stake in Jammu Pigments Ltd. Downstream Facilities for manufacture of Rolled Products and Galvanized Fabricated Structures approved by PGCIL & Railway Board I I HIRA 00 0A W A O W ERA I$AT 9 % o° � ¢ le 8 • 5 e: 4lb
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Investment Thesis High Grade Pellets Manufactures high grade pellets which earn premium of Rs. 1,000 to 1500/T over & above the market price of Pellets 03 Strong Growth Plan To more than double the capacities of iron ore mining & pellets plant to 6.7Mnt & 4.7MnT respectively. Expected to commence production in FY26 04 Net Cash Balance Sheet Company with Zero Net Debt and Net Cash of Rs. 863 Cr 05 01 Captive Iron ore mines with 165MnT Reserves and 35+ years of mine life. Present capacity = 3.05MnT; Expected to increase to = 6.7MnT during FY26. Unique presence across steel value chain Iron Ore Mining & Manufactures Pellets, Sponge Iron, Steel Billets, MS Rounds, HB Wires & Galvanized Steel Products etc. 02 Simplified Group Structure Company has over the years exited non-core businesses and consolidated stakes in subsidiaries. 06 Focus on ESG • Increased use of Renewable energy in steel making. • Responsible Corporate Governance practices. • Community Development through focus on Health and Education. 07 Reducing Carbon Footprint By generating power through renewable sources like Bio- Mass, WHRB, Solar & Wind Power. Targeting Net Zero by 2050. 08 4 11 _ - � HIRA 00 0A W A O W ERA I$AT
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Q4FY25 Performance Highlights Financial Performance (Consolidated) Performance Highlights (YoY) 329 318 Q4FY24 Q4FY25 Operating EBITDA (Rs. Cr.) 219 221 Q4FY24 Q4FY25 PAT (Rs. Cr.)* o Iron Ore Mining, Pellet, Ferro Alloys and Galvanized Fabricated Products production increased by 9%, 7%, 10% & 22% respectively. o Sales of Iron Ore Pellets, Ferro Alloys and Galvanized Fabricated Products increased by 28%, 7% and 5% respectively. Sales of Sponge Iron, Steel Billets and MS Rounds were low because of captive consumption. o Realization for Pellets declined by 6%, while the rest of the products remained largely flat, except for Ferro Alloys which saw a 9% increase. o Revenue and EBITDA dropped slightly where as PAT growth was 1%. 1530 1468 Q4FY24 Q4FY25 Revenue (Rs. Cr.) 22% 22% Q4FY24 Q4FY25 Operating EBITDA Margin (%) * PAT (from Continuing Operations Attributable to Owners of Company) is excluding exceptional items 5 HIRA 00 0A W A O W ERA I$AT - -
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FY25 Performance Highlights Financial Performance (Consolidated) Performance Highlights (YoY) o Highest ever production of Sponge Iron, Steel Billets, Silico Manganese and Power (GPIL) o Production of Iron ore mining, H.B. Wires, Ferro Alloys and Power generation increased by 2%, 23%, 39% and 26% respectively where as production remained flat for Pellets and Sponge Iron. o Sales for Pellets, Sponge Iron, HB Wires and Ferro Alloys increased by 3%, 21%, 24% and 46% respectively. o Realisation for almost all the products excluding Ferro Alloys were down in the range of 1% to 8%. o The Company’s Revenue, EBIDTA & PAT is down on account of lower realisation of finished products. 5455 5376 FY24 FY25 Revenue (Rs. Cr.) 1328 1194 FY24 FY25 Operating EBITDA (Rs. Cr.) 24% 22% FY24 FY25 Operating EBITDA Margin (%) 918 811 FY24 FY25 PAT (Rs. Cr.)* * PAT (from Continuing Operations Attributable to Owners of Company) is excluding exceptional items 6 I I HIRA 00 0A W A O W ERA I$AT
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FY25 Key Updates 7 o Board has declared a Dividend of Rs. 1 per share o Got approved by PGCIL for supply of Steel Billets to all manufactures of Galvanized Steel Structures for their transmission projects o Acquired 43.96% stake in Jammu Pigments Ltd. on a fully diluted basis. The company is engaged in recycling of non-ferrous metals. Its FY25 net sales = Rs. 860 Cr., EBITDA = Rs. 79 Cr. and PAT = Rs. 37 Cr. and Q4FY25 net sales = Rs. 237 Cr., EBITDA = Rs. 34 Cr. and PAT = Rs. 14 Cr. o Received final approval from CECB for “Consent To Operate" for enhanced capacity of Sponge Iron Division from 0.495Mn MTPA to 0.594Mn MTPA o CARE has assigned “CareEdge – ESG 3” Rating with a Rating Score of 51. This is the first ESG Rating Assigned to the company o CRISIL has reaffirmed the credit ratings of CRISIL AA-/ Stable and CRISIL A1+ for Long and Short Term Bank Loan Facility respectively I I HIRA 00 0A W A O W ERA I$AT
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FY25 Guidance – Delivering on Our Commitments Particulars FY25 Guidance FY25 Performance % Achieved Iron Ore Mining 2.35MnT 2.34MnT 100% Iron Ore Pellets 2.44MnT 2.45MnT 100% Sponge Iron 0.594MnT 0.594MnT 100% Steel Billets 0.50MnT 0.488MnT 98% Ferro Alloys 80,000T 100,655T 126% Rolled Products 0.325MnT 0.345MnT 106% 8 I I HIRA 00 0A W A O W ERA I$AT
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FY26 Volume Guidance 1 Iron Ore Mining 2 Iron Ore Pellets 3 Sponge Iron 4 Steel Billets 3.00 MnT 3.00 MnT 0.594 MnT 0.50 MnT 5 0.375 MnT 6 Ferro Alloys 91,500 MnT Rolled Products I I HIRA 00 0A W A O W ERA I$AT
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Next Leg of Growth – Capex Plan Project Particulars Existing Capacity ( MnT) Proposed Capacity Expansion (MnT) Total Capacity After Expansion Capex ( Apprx. in Rs Cr ) Expected Completion Current Status Project Cost Cost Incurred Balance to be Incurred Iron Ore Mining 2.35 3.65 6.00 - - - Q3 FY26 Revised Mining Plan filed and TOR Received. The approval for revised mining plan is pending for approval. The Company is pursuing the matter and expect all approval to be in place by Q3 FY26. Company has commissioned 0.6 MnT Beneficiation Plant out of the total 6 MnT. Crushing & Beneficiation 0.60 5.40 6.00 325 172 153 6 Months from Environment Approval Pellet Plant 2.70 2.00 4.70 600 266 334 Q2 FY26 Project construction is going on as per schedule and the company has started to receive equipment at the site. Fabrication and Erection work has also started. SMS 0.525 0.05 0.575 13 - - - Expected production in Q4FY26 Solar Power Project 165 125 290 395 13 382 Q4 FY26 Land acquisition completed for additional Solar Capacity (125MW) for captive use of 2MnT pellet plant, beneficiation plant at Ari Dongri & SMS Expansion. Strip and Structure Rolling Mill 0.214 0 0.214 150 173 0 December 2024 Both Structural & Strip Mill commercial production started Energy Efficiency Decarbonisation Capex - - - 75 19 56 March 2026 Various energy efficiency projected initiated which included power generation through use of waste gases of pellet plant, replacement of Rotter etc. This will result in additional power generation of 10 to 11MW without additional fuel and expected to result in reduction intensity by 259715.tons. Orders for Plant finalised with siemens and work has started . 10 HIRA 00 0A W A O W ERA I$AT
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Pellet 2.0 MnT Project status 11 S.no Description Job Status % 01 Basic designed 100 02 Detail designed 100 03 Procurement 100 04 Civil work 85 05 Fabrication work 85 06 Steel erection work 70 07 Equipment Erection 70 Commissioning Plan –Q2 (FY25-26) HIRA 00 0A W A O W ERA I$AT
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Carbon Footprint Reduction: Strategies for Greener Future Decarbonisation Initiatives Target 2050 – Net Zero Carbon Emission 2.89 2.75 2.51 2.46 2.42 2.35 2.25 2.1 1.95 0 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY30 FY50 tCO2/Ton of Steel Features & Benefits of Decarbonisation Strategies Capex – Rs. 75 Cr. Cost Savings – Rs.38 Cr. Payback Period – 3 years Output – 11MW of additional power generation without extra fuel Projects Current Status Focusing on energy-efficient, R&D projects and fuel switch to cut total plant CO2 emissions by 9-10% GPIL & Siemens Energy signed MoU to execute the waste heat recovery project. It is under implementation & is expected to be completed by March’26 Dash-Board for CBAM (Carbon Border Adjustment Mechanism) & GHG Emissions Monitoring Implemented with limited accessibility Installation of a 5TPD pilot carbon capture & utilization unit LOI issued to IIT Mumbai for technological transfer of 5TPD CCU Unit and is expected to be completed by March’26. Switching of Fuels in new Pellet Plant from Coal Gas to Natural Gas which will result in 64% reduction in CO2 Emission Has engaged Haryana Gas Company for a temporary supply agreement along with GAIL & last mile connectivity started. Initiated ISO 50001 Energy Management System Certification obtained. GPIL is a member of Indian Hydrogen Alliance & Member of Consortium formed by Ministry of Steel and IIMT for utilization of Hydrogen in Steel production 12 HIRA 00 0A W A O W ERA I$AT -
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CO2 Emissions Per Ton of Steel 13 CARBON BORDER ADJUSTMENT MECHANISM (CBAM)- By Centra World Financial Year (FY) tco2 / Ton of Steel FY 22-23 2.57 FY 23-24 2.49 FY 24-25 2.37 WORLD STEEL ASSOCIATION (WSA) (ISO 14064 STANDARD) Assured By SGS India Ltd. Financial Year (FY) tco2 / Ton of Steel FY 22-23 2.82 FY 23-24 2.55 FY 24-25 2.50 All The emission calculations are based solely on Fixed Carbon Basis. CBAM world steel A S SOCIA TIO N HIRA GODAWARI POWER & 1SPAT
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“The Earth does not belong to us, We belong to earth” ISO 9001:2015 (QMS) ISO 14001:2015 (EMS) ISO 45001:2018 (OH & SMS) Great Place To Work Certified ISO 50001:2018 (EnMS) ISO 27001:2022 (ISMS) New Certifications Implemented in 2024-25 ISO 26000 (CSR) Under Implementation Progress…. International certificates achieved 14 :::::::: •. :·.: .. ·.········ ··· ... ) ••·.•.. . ... ····•···· ... · . " HIRA GODAWARI POWER & 1SPAT
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Advancing towards a cleaner future Replacing diesel and petrol vehicles with electric ones… 15 EV Loaders -12 Nos Eblu E Loaders – 5 Nos Eblu two wheelers-9 Nos I I I 4' d l i i"! HIRA 00 0A W A O W ERA I$AT
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Captive Mining Provides Competitive Edge 3,000 4,346 4,270 6,800 7,300 5,500 6,200 6,350 2,181 2,310 2,462 2,375 2,800 3,000 2,800 3,000 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Market Price of Iron Ore Captive Ore Landed Cost Note – Prices are indicative only 16 HIRA GODAWARI POWER & ISPAT ' ' ' ' « " f ' ' ' ' + ' ' ' , 4 l , , , / • ° .. __ .. ■ ■ ■ ■ ■ ■ ■ -
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Detailed Production Summary 17 Description of Goods M.T./ KWH Q4FY25 Q3FY25 QoQ (%) Q4FY24 YoY (%) FY25 FY24 YoY (%) Iron ore Mining M.T.s 708,739 541,509 31% 648,662 9% 2,341,876 2,307,075 2% Iron ore Pellets - GPIL M.T.s 677,950 610,800 11% 631,800 7% 2,448,650 2,438,950 0% Sponge Iron M.T.s 97,566 159,732 -39% 135,256 -28% 593,996 593,991 0% Steel Billets M.T.s 122,760 125,400 -2% 129,425 -5% 488,350 479,800 2% M.S. Rounds M.T.s 58,293 60,516 -4% 59,589 -2% 223,755 238,685 -6% H.B. Wires M.T.s 24,134 25,900 -7% 24,490 -1% 99,999 81,500 23% Ferro Alloys - Consolidated M.T.s 23,644 28,006 -16% 21,566 10% 100,655 72,570 39% Galvanized Fabricated Products M.T.s 27,669 24,718 12% 22,694 22% 85,277 83,162 3% Rolled Product M.T.s 21,499 - 21,499 Power Generation - Consolidated Units (Cr) KWH 31 32 -4% 28 9% 126 100 27% I I HIRA 00 0A W A O W ERA I$AT
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Detailed Sales Volume Summary 18 Description of Goods M.T./ KWH Q4FY25 Q3FY25 QoQ (%) Q4FY24 YoY (%) FY25 FY24 YoY (%) Iron Ore Pellet - GPIL M.T.s 621,356 309,274 101% 484,073 28% 1,631,072 1,581,795 3% Sponge Iron M.T.s 0 6,387 -100% 5,360 -100% 72,758 60,198 21% Steel Billets M.T.s 34,150 49,139 -31% 68,944 -50% 205,101 233,246 -12% M.S. Rounds M.T.s 29,392 34,157 -14% 35,592 -17% 116,971 155,876 -25% H.B. Wire M.T.s 24,522 26,829 -9% 24,202 1% 100,748 81,392 24% Ferro Alloys - Consolidated M.T.s 24,418 29,166 -16% 22,820 7% 97,594 66,982 46% Galvanized Fabricated Product M.T.s 28,378 22,037 29% 27,033 5% 81,896 83,872 -2% Rolled Product M.T.s 19,613 - - 19,613 - I I HIRA 00 0A W A O W ERA I$AT
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Detailed Realisation Summary (Ex plant realisation excluding export freight and expenses) 19 Description of Goods M.T./ KWH Q4FY25 Q3FY25 QoQ (%) Q4FY24 YoY (%) FY25 FY24 YoY (%) Iron Ore Pellet - GPIL INR/M.T.s 9,528 9,974 -4% 10,092 -6% 10,060 10,171 -1% Sponge Iron INR/M.T.s - 29,403 NA 28,979 NA 29,123 30,418 -4% Steel Billets INR/M.T.s 41,535 42,599 -2% 42,187 -2% 42,971 43,937 -2% M.S. Rounds INR/M.T.s 45,380 45,162 0% 44,696 2% 45,455 47,151 -4% H.B. Wire INR/M.T.s 46,586 46,343 1% 46,323 1% 47,241 48,974 -4% Ferro Alloys - Consolidated INR/M.T.s 73,768 69,972 5% 67,640 9% 72,011 69,721 3% Galvanized Fabricated Product INR/M.T.s 68,340 72,717 -6% 79,661 -14% 72,277 80,564 -10% Rolled Product INR/M.T.s 49,502 - - 49,502 - I I HIRA 00 0A W A O W ERA I$AT
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GPIL Consolidated - Profit & Loss All figures in INR Crore 20 Particulars Q4FY25 Q3FY25 QoQ% Q4FY24 YoY% FY25 FY24 YoY% Net Sales 1,468 1,298 13% 1,530 -4% 5,376 5,455 -1% Total Expenses 1,150 1,076 7% 1,201 -4% 4,182 4,127 1% Other Income 25 18 34% 40 -38% 96 98 -2% EBIDTA 318 221 44% 329 -3% 1,194 1,328 -10% EBIDTA Margin (%) 22% 17% 22% 22% 24% -9% Depreciation 40 37 9% 37 10% 155 141 10% Finance Costs 15 13 18% 24 -37% 55 60 -7% Share of Profit/(Loss) of Associate & JV 8 2 2 12 13 -9% Exceptional item 0 1 18 PBT 295 192 54% 310 -5% 1,092 1,256 -13% Tax 74 47 57% 91 -19% 279 320 -13% PAT from Ordinary Activities 222 145 53% 219 1% 813 936 -13% OCI Net of Tax -1 -5 -2 -5 25 Total Comprehensive Income 221 140 58% 217 2% 808 960 -16% PAT Attributable to Owners of Company 221 145 53% 218 1% 812 935 -13% PAT Margin (%) 15% 11% 14% 15% 17% EPS for Continuing Operations - Diluted (INR) 3.58 2.34 53% 3.47 3% 13.14 14.89 -12% I I HIRA 00 0A W A O W ERA I$AT
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GPIL Standalone Profit and Loss All figures in INR Crore 21 Particulars Q4FY25 Q3FY25 QoQ% Q4FY24 YoY% FY25 FY24 YoY% Net Sales 1,276 1,095 16% 1,403 -9% 4,661 5,042 -8% Total Expenses 980 895 10% 1,082 -10% 3,543 3,735 -5% Other Income 27 23 21% 29 -6% 102 90 13% EBIDTA 296 201 48% 320 -8% 1,118 1,307 -14% EBIDTA Margin (%) 23% 18% 23% 24% 26% Depreciation 36 32 10% 32 11% 137 127 8% Finance Costs 13 11 21% 19 -30% 47 52 -10% Extra Ordinary Income -0 18 PBT 274 180 52% 298 -8% 1,036 1,235 -16% Tax 70 44 58% 89 -21% 266 318 -16% PAT 204 136 51% 209 -2% 770 917 -16% PAT Margin (%) 16% 12% 15% 17% 18% EPS - Diluted (INR) 3.14 2.08 51% 3.16 -1% 11.82 13.86 -15% I I HIRA 00 0A W A O W ERA I$AT
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GPIL – Consolidated Balance Sheet All figures in INR Crore 22 Particulars 31.03.2025 31.03.2024 Particulars 31.03.2025 31.03.2024 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY (a) Property, Plant and Equipment 2,644 2,269 (a) Equity share capital 61 62 (b) Capital work-in-progress 430 430 (b) Other equity 4,845 4,434 (c) Goodwill on Consolidation 26 26 (c) Non Controlling/Minority Interest 31 58 (d) Other intangible assets 52 62 Sub Total - Equity 4,937 4,554 (e) Right to use assets 7 4 LIABILITIES (f) Intangible assets under construction 2 2 Non-current liabilities (g) Investment in associates and joint ventures 457 210 (a) Financial Liabilities (h) Financial assets (i) Investments 14 12 (i) Borrowings 4 9 (ii) Loans 119 50 (ii) Lease Liabilities 0 (iii) Other financial assets 80 32 (b) Provisions 12 9 (i) Non current tax assets 0 1 (c) Deferred Tax Liabilities (net) 266 228 (j) Other non current assets 58 38 Sub Total - Non Current Assets 3,890 3,139 Sub Total - Non Current Liabilities 282 246 Current Assets Current liabilities (a) Inventories 932 900 (b) Financial assets - (a) Financial Liabilities (i) Current Investments (i) Borrowings 305 42 (ii) Trade Receivables 132 212 (ii) Lease Liabilities 0 (iii) Cash and cash equivalents 329 119 (iii) Trade Payables - MSME 1 17 (iv) Bank balances other than (iii) above 365 751 - Others 459 512 (v) Other financial assets 1 1 (iv) Other financial liabilities 78 55 (vi) Loans 169 152 (b) Other current liabilities 53 74 (c) Current tax assets (net) 1 1 (c) Provisions 28 25 (d) Other current assets 337 270 (d) Current tax liabilities (net) 14 19 Sub Total - Current Assets 2,267 2,407 Sub Total - Current Liabilities 938 745 Total Assets 6,157 5,545 Total Equity and Liabilities 6,157 5,545 HIRA 00 0A W A O W ERA I$AT
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GPIL – Standalone Balance Sheet All figures in INR Crore 23 Particulars 31.03.2025 31.03.2024 Particulars 31.03.2025 31.03.2024 ASSETS EQUITY AND LIABILITIES Non Current assets EQUITY (a) Property, Plant and Equipment 2,217 1,853 (a) Equity share capital 64.65 66 (b) Capital work-in-progress 332 340 (b) Other equity 4,592 4,254 (c) Other intangible assets 52 63 (d) Intangible assets under construction 2 2 Sub Total - Equity 4,656 4,320 (e) Right of Use Assets 7 4 (e) Financial assets LIABILITIES (i) Investments 913 646 Non-current liabilities (ii) Loans 119 50 (a) Financial Liabilities (i) Borrowings (iii) Other financial assets 73 18 (ii) Lease Liabilities 0 (f) Non current tax assets 0 1 (b) Provisions 9 6 (g) Other non current assets 47 36 (c) Deferred Tax Liabilities (net) 221 194 Sub Total - Non Current Assets 3,762 3,013 Sub Total - Non Current Liabilities 230 200 Current Assets Current liabilities (a) Inventories 694 685 (b) Financial assets (a) Financial Liabilities (i) Borrowings 259 (i) Investments (ii) Lease Liabilities 0 (ii) Trade Receivables 86 180 (ii) Trade Payables – MSME 0 16 (iii) Cash and cash equivalents 328 119 - Others 363 428 (iv) Bank balances other than (iii) above 355 746 (iii) Other financial liabilities 68 50 (v) Loans 163 163 (b) Other current liabilities 35 69 (vi) Other Financial Assets 21 11 (c) Provisions 28 25 (C) Other current assets 245 210 (d) Current tax liabilities (net) 14 19 Sub Total - Current Assets 1,892 2,114 Sub Total - Current Liabilities 767 607 Total Assets 5,654 5,127 Total Equity and Liabilities 5,654 5,127 HIRA 00 0A W A O W ERA I$AT
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Iron Ore Mining Steel Billets Sponge Iron Iron Ore Pellets 3.05 MT 2.7 MT 0.594 MT 0.525 MT 0.4 MT 0.10 MT 91,500T 300 MW Asset Capacity FY25 Utilization (%) HB Wires MS Rounds Ferro Alloys Power (Incl Solar & Wind) Asset Capacity FY25 Utilization (%) 77% 92% 93% 75% MT: Million tonnes 91% 100% 93% 56% 100% 100% 89% The Company is also having Fabrication and Galvanizing plant of 0.11 MT Unique Presence Across Steel Value Chain 24 HIRA- GODAWARI POWER & 1SPAT
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Large Portfolio of Long-life Assets Ari Dongri Iron ore captive mine Chhattisgarh: 2.35 mn MTPA Boria Tibu Iron ore captive mine Chhattisgarh: 0.7 mn MTPA Siltara Integrated Plant Chhattisgarh 3.3 mn MTPA Iron Ore Beneficiation 2.7 mn MTPA Iron Ore Pellets 0.594 mn MTPA Sponge Iron 0.525 mn MTPA Steel Billets 0.2 mn MTPA Rolling Mill 0.1 mn MTPA HB Wire 98 MW Captive Power 16,500 MTPA Ferro Alloys Urla Industrial Area 0.2 mn MTPA Rolling Mill 0.11 Mn MTPA Fabrication Shop 60,500 TPA Ferro Alloys (HFAL) 20MW Captive Power (HFAL) 14,500 TPA Ferro Alloys (AFAL) 8 MW Captive Power (AFAL) Other Locations 8.50 MW Bio Mass IPP (HFAL- Mahasamund) 1.50 MW Wind Mill (Karnataka) Pelletisation Plant Odisha – Ardent Steel Keonjhar: 0.8 mn MTPA Rajnandgaon, Chhattisgarh 70MW GPIL Solar Power Plant Maharumkala, Chhattisgarh 23MW GPIL Solar Power Plant Tulsipur, Chhattisgarh 20MW GPIL Solar Power Plant Bemetara, Chhattisgarh 52MW HFAL Solar Power Plant JPL Plants GPIL Mines Indicators GPIL Plants JPL Plant Lead 126,198 MTPA Zinc 29,431 MTPA Copper 4,981 MTPA Cadmium 8,400 MTPA Other Metals 27,562 MTPA 25 HIRA GODAWARI POWER & ISPAT -----------------------------------------1 ' :<- - - - - - - ' :<- - - - - ----------------------------------------- I . . . . . . . -> , v -- L-------------------------------------------- I t --- L-------------------------------------------- I I --------------------------------1 ' ' ' I--------------------------------• , 9 @9 ' L--·-·-·-·-·-·-·-·- ' L-------------------------------------------
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Simplified Group Structure Godawari Power and Ispat Limited (GPIL) Godawari Energy Limited Alok Ferro Alloys Limited (AFAL) 100% 100% Raipur Infrastructure Company Limited Chhattisgarh Captive Coal Mining Private Limited Chhattisgarh Ispat Bhumi Limited 33.30% 23.9% 35.36% 37.85% Associates JVs No substantial business Ardent Steel Private Limited Hira Ferro Alloys Limited (HFAL) 96.02% No change in structure; will remain as they are GPIL has completed acquisition of 43.96% stake in the share capital of Jammu Pigments Limited (JPL) on a fully diluted basis as on 31st March’25. Jammu Pigments Limited (JPL) 43.96% 26 I I HIRA 00 0A W A O W ERA I$AT liiiii - '
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Strong focus on Sustainability Strengthening the ESG Framework Aligned with United Nations’ 10 principles for manufacturing responsibility and environmental sustainability Environment Responsibility o Investing in environmentally friendly technologies o Focussed on renewable sources of energy o Reducing carbon footprints – aiming at Carbon Neutral growth through new solar PV projects Social Responsibility o Strong community engagement o Talent development through skill set training and mentoring o Developing a stable eco – system of vendors Governance Framework o Strategic Clarity – delivering as per stated strategy (Sale of non core assets; balance sheet strengthening) o Disciplined capital allocation o Robust risk management framework 27 ;······································ ;······································ HIRA GODAWARI POWER & 1SPAT
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CSR Activities – Serving Society through Industry 28 AMBULANCE CULTURAL STAGE - SILTARA ANGANWADI ITI HATHBAND MANGAL BHAWAN - TANDA MALNUTRITION CAMP EDUCATION INFRASTRUCTURE HEALTH 4 4 .,_,. - e " ; HIRA GODAWARI POWER & ISPAT
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International & Domestic Tailwinds o Global iron ore prices have remained within a range of $95 to $105 per ton so far this year, currently hovering around $100/t. The first half of the year was supported by weather related production losses. The second half will see increased supply and might put a lid on iron ore prices. o The recent geopolitical tensions continue to weigh on global demand and supply dynamics. There is hope that China will continue to provide stimulus to support the economy. At the same time, post 4-5years of decline China's housing sector is also expected to stabilize. This along with rising cost curve will support iron ore prices on decline. For 2025, expect iron prices to range between US$90-105, with average around US$97-98. o Iron ore prices (NMDC – Fines 64Fe) have been on an upward trend year-to-date, currently trading at approximately Rs. 5,500 per ton. This increase is driven by rising domestic steel prices and stronger demand, supported by the implementation of safeguard duties. o Iron ore pellet prices have traded within a narrow band of Rs. 9,400 to Rs. 10,250 per/t YTD, with current levels around Rs. 9,750/t. Going forward, prices are expected to fluctuate within the Rs. 9,000 to Rs. 11,000/t range. o The government in its recent budget has earmarked ₹11.2 trillion for capital expenditure in 2025-26, reflecting a 10% rise from the previous year. This major investment in infrastructure, including roads, railways, and urban development, and support from Government in terms of Safeguard Duty is set to significantly boost steel demand. International Market Domestic Market 29 I I 7 7 HIRA 00 0A W A O W ERA I$AT
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APPENDIX HIRA 00 pA w A O w 4 ISA
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Board of Directors Mr. BL Agrawal (Chairman & Managing Director) 1st generation entrepreneur with almost 4 decades of experience; Graduated as an Electronic Engineer; started GPIL Mr. Dinesh Agrawal (Executive Director) 2+ decades of association with GPIL; 2nd generation entrepreneur; Electrical Engineer; Overseeing setting up of captive power plant Mr Abhishek Agrawal (Executive Director) 2nd generation entrepreneur; Masters in International Business from Leeds University, Started pellet plant in GPIL Mr. Siddharth Agrawal (Executive Director) MBA with over 10 years of experience in various competencies especially in Solar Power. Mr. Dinesh Gandhi (Executive Director) 3 decades of experience in Accounts, Finance & Project Financing; Chartered Accountant and Company Secretary. Mr Raj Kamal Bindal (Independent Director) MCOM, CA & MBA; 22 years experience in areas of Energy, Infrastructure, Project Management, Financial Services and Infrastructure Finance Mr. Samir Agrawal (Independent Director) CA, CS, CFA; 20+ years of experience in sphere of capital raising, mergers and acquisitions, financial structuring and corporate restructuring. Mrs. Neha Sunil Huddar (Independent Woman Director) Experience of 40yrs+ in finance, accounts, HR & compliance management; worked as Head of Finance in Reliance Foundation; VP Payroll at RIL Mr. Sunil Duggal (Independent Director) 37 years of experience in leading high performance Teams; Served as CEO of Vedanta Ltd. and Hindustan Zinc Ltd. Mrs. Roma Balwani (Independent Woman Director) 4 decades of experience in Manufacturing companies like Vedanta Group, L&T , Mahindra Group in various aspects of strategic business Mr. Vinod Pillai (Non-Executive Director) 2 decades of experience in Sales, Administration, Liaison & Logistics; Commerce graduate Mr. Hukam Chand Daga (Independent Director) 4+ decades of experience in various Aditya Birla Group companies namely Hindalco - Renusagar, Grasim Industries, Essel Mining etc. 31 HIRA GODAWARI POWER & 1SPAT
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Shareholding Pattern on 31st March’2025 Shareholding Pattern 31ST Dec’2024 63.51% 36.49% Promoter Public Particulars No of Shares % of Total Sh. Promoter 42,48,55,795 63.51 Domestic Institutions 1,62,96,845 2.44 FPI 4,40,15,250 6.58 Central Govt/State Govt 57,603 0.01 Non Institution 18,37,49,447 27.46 Total 66,89,74,940 100.00 32 I I HIRA 00 0A W A O W ERA I$AT •
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Past Operational Performance at a Glance… 693,612 326,358 444,695 657,328 1,175,090 1,579,693 1,547,384 1,657,629 1,699,920 2,312,888 2,595,953 2,307,075 2,341,876 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 Trend of Iron Ore Mining (mt) 619,620 902,550 1,532,200 1,580,850 1,495,100 1,841,050 1,933,250 1,999,150 2,256,550 2,399,500 2,616,500 2,438,950 2,448,650 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 Trend of Pellet Production (mt) 293,887 371,784 381,059 491,652 434,538 439,139 460,008 494,955 494,991 494,982 494991 593,991 593,996 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 Trend of Sponge Iron Production (mt) 40 43 43 47 46 48 44 44 44 43 59 76 83 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 Trend of Captive Power Generation - GPIL (kwh in Cr) 33 Standalone Nos. I I HIRA 00 0A W A O W ERA I$AT � - .
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Past Operational Performance at a Glance (Ctd.)... Standalone Nos. 185,021 188,190 177,970 227,581 204,162 197,596 298,418 344,610 350,865 327,050 325070 479,800 488,350 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 Trend of Steel Production (mt) 9,434 11,116 11,403 13,700 13,136 13,772 10,537 10,517 14,178 16,152 16,492 16,444 16,497 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 Trend of Silico Manganese - GPIL (mt) 93,290 94,786 75,573 95,965 109,984 142,101 181,987 183,187 261,961 223,268 173,139 238,685 223,755 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 MS Rounds Production (mt) 94,667 90,575 78,145 77,894 101,101 116,555 134,559 130,807 97,698 36,046 53,622 81,500 99,999 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY23 FY24 FY25 HB Wire Production (mt) 34
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Past Sales Realisations 7,872 7,798 5,067 4,360 5,365 6,809 7,091 8,607 12,390 9,409 10,171 10,060 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Iron ore Pellet 18,277 18,934 13,310 12,383 16,678 19,736 16,897 20,645 31,746 33,804 30,418 29,123 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Sponge Iron 28,681 29,493 22,689 21,830 27,720 33,072 28,590 33,545 43,427 49,512 43,937 42,971 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Steel Billets 33,265 33,409 27,034 26,330 32,460 38,740 33,327 37,335 48,092 52,331 47,151 45,455 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 M.S. Round 34,683 36,169 28,080 28,063 34,015 40,666 35,182 36,898 47,981 53,926 48,974 47,241 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 H.B. Wire 51,665 53,365 43,139 52,696 64,632 67,611 63,898 63,186 98,222 80,354 66,255 67,590 FY 14FY 15FY 16FY 17FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Silico Manganese 35 HIRA 00 0A W A O W ERA I$AT - • - - • ' - - - • - \ ' I I
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GPIL Consolidated – Historical Profit & Loss Particulars FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 Net Sales 5,376 5,455 5,753 5,399 3,958 3,289 3,322 2,527 Total Expenses 4,182 4,127 4,589 3,535 2,821 2,664 2,532 1,931 Other Income 96 98 104 29 3 5 6 9 EBITDA 1,194 1,328 1,164 1,864 1,137 629 795 606 EBITDA Margin (%) 22% 24% 20% 35% 29% 19% 24% 24% Depreciation 155 141 124 105 109 137 133 132 Finance Costs 55 60 51 20 115 212 253 263 PBT 1,092 1,256 1,083 1,933 947 280 410 210 Tax 279 320 289 451 307 95 153 -6 PAT (attributable to Owner) 812 935 793 1,481 627 174 261 215 All figures in INR Crore 36 I I HIRA 00 0A W A O W ERA I$AT
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GPIL Consolidated – Historical Balance Sheet All figures in INR Crore Particulars FY25 FY24 FY23 FY22 FY21 FY20 FY19 FY18 Net Worth 4,937 4,554 3,947 3,442 2,108 1,503 1,336 1,084 Debt Long Term Debt 4 9 9 10 771 1,465 1,643 1,873 Short Term Debt 305 42 307 418 125 160 139 134 Other Long Term Liabilities 278 237 256 189 187 61 13 10 Current liabilities Accounts Payable 460 529 525 530 194 178 203 161 Other Current Liabilities 173 174 116 301 88 115 177 189 Total Liabilities and Equity 6,157 5,545 5,159 4,890 3,474 3,482 3,511 3,452 Non Current Assets Net Fixed Assets 3,074 2,704 2,409 2,056 2,057 2,407 2,379 2,436 Other Long Term Assets 816 434 428 455 398 142 147 208 Current Assets Inventory 932 900 811 874 504 557 616 432 Accounts Receivable 132 212 296 350 275 177 167 156 Loans and Advances & Other Current Assets 509 424 416 581 189 170 163 168 Cash and Cash Eq. (Incl. bank bal) 694 871 800 575 51 29 39 52 Total Application of Funds 6,157 5,545 5,159 4,890 3,474 3,482 3,511 3,452 37 I I HIRA 00 0A W A O W ERA I$AT
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Thank You Investor Relations Contact: Sana Kapoor Go India Advisors sana@GoIndiaAdvisors.com M:+91 81465 50469 Sheetal Khanduja Go India Advisors sheetal@GoIndiaAdvisors.com M:+91 97693 64166 Company Contact: YC Rao Company Secretary Yarra.rao@hiragroup.com Godawari Power and Ispat Ltd. Sanjay Bothra Chief Financial Officer (CFO) sanjay.bothra@hiragroup.com Godawari Power and Ispat Ltd.