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JSW Infrastructure Investor Presentation May 2025 May 2025 1 Investor Presentation
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JSW Infrastructure Investor Presentation May 2025 Forward Looking and Cautionary Statement This presentation has been prepared by JSW Infrastructure (the “Company”) based upon information available in the public domain solely for information purposes without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation should not be construed as legal, tax, investment or other advice. This presentation is strictly confidential, being given solely for your information and for your use, and may not be copied, distributed or disseminated, directly or indirectly, in any manner. Furthermore, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company. This presentation contains statements that constitute forward-looking statements that represent the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These forward-looking statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” or other words of similar meaning. These statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements or industry results to differ materially from any future results, performance or achievement described in or implied by such statements; and are not guarantees of future performance and actual results may differ from those specified in such forward-looking statements as a result of various factors and assumptions. The risks and uncertainties relating to these statements include, but are not limited to, (i) fluctuations in earnings, (ii) the Company’sability to manage growth, (iii) competition, (iv) government policies and regulations, and (v) political, economic, legal and social conditions in India. The Company does not undertake any obligation to revise or update any forward-looking statement to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The information contained in this presentation is only current as of its date and has not been independently verified. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. No representation, warranty, guarantee or undertaking, express or implied, is or will be made as to, and no reliance should be placed on, the accuracy, completeness, correctness or fairness of the information, estimates, projections and opinions contained in this presentation. None of the Company or any of its affiliates, advisers or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. Such information and opinions are in all events not current after the date of this presentation. The Potential investors shall be in compliance with the applicable Insider Trading Regulations, with respect to the Company in reference to the information provided under this presentation. 2
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JSW Infrastructure Investor Presentation May 2025 JSW Infrastructure- An Overview Growth Strategy and Key Project Updates FY25 Operational & Financial Performance Sustainability Agenda Robust Financials and Strong Balance Sheet Indian Economy & Strong Fundamentals of Port Sector Appendix 3 To conclude
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JSW Infrastructure Investor Presentation May 2025 4 An Overview
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JSW Infrastructure Investor Presentation May 2025 Power producer with 12.2 GW of generation capacity at the end of FY25 Targeting20GW generation+ 40GWh of energy storage capacity by FY30 Market Cap: ~US$10 Bn Energy Capacity of 170,000 klpa State-of-the-artplants in Karnatakaand Maharashtra Targeting800,000 klpa capacity by FY30 Paints High PerformanceTrainingcentre at Vijayanagarand 4 satellitecentres – trained Olympic medal winners T eamsOwned: Delhi Capitals, PretoriaCapitals, Bengaluru FC and Haryana Steelers Sports India’slargest steel producer Consol. capacity of 35.72 mtpa, growing to 43.5 mtpa by Sep’27 Targeting51.5 mtpa capacity by FY31 Market Cap: ~US$29 Bn Steel Capacity of 20.6 mtpa, growing to ~41 mtpa Lowest CO2 emission intensity in Indian cement industry and among major global companies Targeting 60 mtpa capacity Cement Early-stageinstitutional venturecapital fund investing in technology companies across Platform and SaaS businesses at pre-series A to series A stages Note: Market cap as of May 12, 2025|1. As of FY24 2. 5mt capacity at Vijayanagar under commissioning. mtpa: million tonnes per annum, GWh: Gigawatt hours, GW: Gigawatt, klpa: kilo litres per annum Ventures Amongst India’sleading Conglomerateswith a turnover of US$24 Bn1 Second largest privateport operator in India - 177 mtpa capacity Strategicallylocated Ports and Terminalson the west and east coast of India Equity listing in Oct 2023, current marketcap of ~US$7 Bn Infrastructure JSW Group 35% stakein JSW MG Motors India Plan to build largest EV complex in India Targeting300k of PV and 100k of CV capacity by 2030 EV 5
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JSW Infrastructure Investor Presentation May 2025 Note: 1. Excluding O&M operations outside India (Fujairah and Dibba Terminal) 2. The company owns a majority stake in PNP port Please note the map is not to scale JSW Infrastructure: Strategically Located Assets 6 Total Operational capacity 177 mtpa1 • O&M contracts at two dry bulk terminals in Fujairah (24 mtpa) and Dibba (17 mtpa) in UAE • Locational advantage enhances sticky cargo profile that leads to lower transportation costs • Strategic presence on West and East coasts of India • Diversified presence ensures good connectivity to industrial hinterlands and mineral rich belts PNP Port2 Jaigarh Port South West Port New Mangalore Coal Terminal New Mangalore Container Terminal Ennore Coal Terminal Ennore Bulk Terminal Paradip Coal Exports Terminal Paradip Iron Ore Terminal Liquid Storage Terminal Fujairah Ports/Terminals 34.0 55.0 11.0 8.1 4.2 2.0 9.6 8.0 Dharamtar Port UAE India International 465,000 m3 (5 mtpa) Operational Ports Operational Terminal Maharashtra Karnataka Goa Tamil Nadu Odisha 30.0 10.0 Concession signed Terminals - 11.5 mtpa Port - 30 mtpa JNPA (Liquid Terminal) 4.5 V.O Chidambaranar Port, Tuticorin (Terminal)7.0 Concession Signed/Under Construction 6 Keni Port Terminal Port 30.0
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JSW Infrastructure Investor Presentation May 2025 Note: Map is not to scale Presence in Logistics & Port Connectivity Our footprints in Logistics & Port Connectivity Slurry Pipeline Railway/GCT Inland Container Depot (ICD)/ Container Freight Station (CFS) GujaratNavkar– Morbi ICD Navkar – Ajivali CFS I & II Navkar - Somathane Maharashtra Gati Shakti Cargo Terminal (GCT) Tamil Nadu Slurry Pipeline Odisha 7 Particulars Developed Undeveloped Total Panvel Maharashtra 84 59 143 Morbi, Gujarat 99 41 140 Total 183 100 283 Land Bank (Acres) 2450+ Domestic standard containers 602 Trailers for last mile delivery 6 RTG Cranes 111 Rakes Key Equipments Note: 1) 3 Rakes on Lease
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JSW Infrastructure Investor Presentation May 2025 8Note: 1: 239,148 TEU – Container, 0.64 mtpa – other cargo 2: The Company owns a majority stake in PNP port Well Equipped Ports and Terminals with Multi-Modal Evacuation Channels Majority of the ports have the natural advantage of a deep draft, permitting direct berthing of larger vessels like cape size and post panamax vessels, and multi modal evacuation channels enabling us to provide customized supply chain solutions Majority of the ports have the natural advantage of a deep draft, permitting direct berthing of larger vessels like cape size and post panamax vessels, and multi modal evacuation channels enabling us to provide customized supply chain solutions West Coast East Coast South West Port • Berth Length: 450 meters • Draft: 14 meters • Capacity: 11 mtpa New Mangalore Container Terminal • Berth Length: 350 meters • Draft: 14 meters • Capacity: 4.20 mtpa1 New Mangalore Coal Terminal • Berth Length: 315 meters • Draft: 14 meters • Capacity: 8.07 mtpa Dharamtar Port • Berth Length: 771 meters • Draft: 5.0 mt. at berth pocket, 3.5 mt. at Amba river channel • Capacity: 34.00 mtpa Jaigarh Port • Berth Length: 2,319 meters • Draft: 17.5 meters • Capacity: 55.00 mtpa Paradip Coal Exports Terminal • Berth Length: 686 meters • Draft: 15 meters • Capacity: 30.00 mtpa Ennore Bulk Terminal • Berth Length: 270 meters • Draft: 14.5 meters • Capacity: 2.00 mtpa Ennore Coal Terminal • Berth Length: 348 meters • Draft: 16 meters • Capacity: 9.6 mtpa Paradip Iron Ore Terminal • Berth Length: 370 meters • Draft: 16 meters • Capacity: 10.00 mtpa PNP Port2 • Riverine Port with draft of 3.5 meters • Capacity: 8.00 mtpa
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JSW Infrastructure Investor Presentation May 2025 9 India Growth Story and Strong Fundamentals of Port Sector
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JSW Infrastructure Investor Presentation May 2025 Indian Economy Poised to Grow Source: GDP CY 24- 28 from IMF’s World Economic Outlook database: April 2025. Source: Infra Capital Expenditure from CAG, MoF; FY 25 RE & FY26 BE, estimates as per the budget. 1: As per forecasts from S&P Global Market Intelligence Infra Capital Expenditure (₹ Trillion) 2.0 2.2 3.1 2.6 3.1 3.4 4.3 5.9 7.4 9.5 10.2 11.2 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25E FY26E India on Track to be 3rd Largest Economy with a Size Of $7 Tn+ Government’s Thrust on Infra Capex Flagship Govt. programs to drive large scale infra improvementsFlagship Govt. programs to drive large scale infra improvements • National Infrastructure Pipeline $1.5 Trillion + investment planned from FY20-25 to develop infrastructure • Bharatmala 65,000 kms+ of highways/roads connecting 550 districts • Sagarmala $80 Bn+ planned for port modernization • UDAN 120 new airports planned • PM Gatishakti Various Multi-model connectivity projects being evaluated 29.2 18.7 4.7 4.0 3.9 3.6 GPD (USD Tn) USA China Japan Germany India UK CY24 34.3 23.1 5.6 4.5 GDP (USD Tn) USA China India UK CY28P 7.0 GDP (USD Tn) India CY30P India expected to remain within the Top 3 economies globally with over $7 Tn in size 5.3 4.7 Germany Japan 10
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JSW Infrastructure Investor Presentation May 2025 2,700 3,500 10,000 FY24 FY30 FY47 Port capacity to Quadruple to 10,000 mtpa by 2047Port capacity to Quadruple to 10,000 mtpa by 2047 Indian Port Sector - Strong Fundamentals 12 Major Ports together have an installed capacity of ~ 1,630 MT 7,500+ km of coastline and 5,000 km of navigable waterways Maritime routes contribute 95% of India’s trade volume India has 12 major and 200+ non-major ports with a capacity of ~2,700 mtpa Aspiration to Quadruple port capacity to 10,000 mtpa by 2047 Maritime India Vision (MIV) 2030 has identified key interventions across 4 areas to Develop best-in-class Port infrastructure o Brownfield capacity augmentation; o Developing world-class Mega Ports; o Development of a transshipment hub in Southern India; and infrastructure modernization Adoption of the Landlord Model: Huge Opportunity for the Pan India Private Terminal Operators: TotalCargo handling Capacity of 12 major ports is ~1,630 mtpa Source: Maritime India Vision Document mtpa: million tonnes per annum 11
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JSW Infrastructure Investor Presentation May 2025 Growth Strategy and Key Project Updates 12
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JSW Infrastructure Investor Presentation May 2025 177 292 400 FY25 FY28E FY30E 2030 Road Map for Growth and Value Creation for Port Segment Privatisation Bids - Balancing sustained growth Privatisation Bids - Balancing sustained growth Leveraging Balance Sheet for other inorganic growth opportunities Leveraging Balance Sheet for other inorganic growth opportunities Value accretive acquisitions of port-related logistics infrastructure Value accretive acquisitions of port-related logistics infrastructure ~2.3x increase in overall capacity Levers to Accelerate Growth Projects Approved Projects Under Review Pipeline of Potential Projects All fig. in mtpa Jatadhar Port, Odisha 30 Liquid Berths at JNPA 4.5 V.O Chidambarana Port, Tuticorin (Bulk Terminal) 7.0 LPG at Jaigarh 1.8 Expansion at Goa* 4.0 Keni Port, Karnataka 30 Potential Projects 45 85 Slurry Pipeline, Odisha 30 13 Jaigarh & Dharamtar Expansion 36.0 Terminals Brownfield Expansion Greenfield Port Port connectivity project Murbe Port, Maharashtra 33 Container (New Mangalore) 2.0 * Further approval of 4 MTPA is under process.
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JSW Infrastructure Investor Presentation May 2025 Note: Please note the map is not to scale 14 Foray into Logistics throughNavkar and GCT Railway/GCT Inland Container Depot (ICD)/ Container Freight Station (CFS) Gujarat Maharashtra Tamil Nadu 2030 Road Map for Logistics segment 1. Greenfield ICDs Leverage JSW Group's diverse business locations (Steel, Cement, Paints, etc.) to set up railway sidings and infrastructure for storage, bagging/stuffing and other value- added services 2. Gati Shakti Multi-Modal Cargo Terminal (GCT) – Asset light model as land is provided by the Railways Participate in the upcoming GCT bids, following the successful bid for GCT at Arakkonam, Chennai. 3. Inorganic Opportunities Acquiring CFS and ICD businesses, akin to the acquisition of Navkar Corp. 4. Partnerships/Associations Partner/ Collaborate with operators and third-party customers to drive business growth and expansion. 1. Greenfield ICDs Leverage JSW Group's diverse business locations (Steel, Cement, Paints, etc.) to set up railway sidings and infrastructure for storage, bagging/stuffing and other value- added services 2. Gati Shakti Multi-Modal Cargo Terminal (GCT) – Asset light model as land is provided by the Railways Participate in the upcoming GCT bids, following the successful bid for GCT at Arakkonam, Chennai. 3. Inorganic Opportunities Acquiring CFS and ICD businesses, akin to the acquisition of Navkar Corp. 4. Partnerships/Associations Partner/ Collaborate with operators and third-party customers to drive business growth and expansion. Growth Strategy FY30 Targets Revenue (Crore) ₹ 8,000 EBIDTA (Crore) ₹ 2,000 CAPEX (FY25-30) ₹ 9,000 Crore Navkar– Morbi ICD Navkar – Ajivali CFS I & II Navkar - Somathane Gati Shakti Cargo Terminal (GCT)
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JSW Infrastructure Investor Presentation May 2025 Key Project Updates (1/3) 15 V .O. Chidambarana Port, Tuticorin • Concession agreement signed in July 2024 • Construction of 7mtpa berth to handle dry bulk cargo, estimated Capex of ₹600 crore • Construction work is ongoing, while interim operations began in January 2025 • Expected completion by Q4 FY26 Terminals JNPA (Liquid Terminal) • Concession agreement signed in April 2024 • Two liquid cargo berths with total capacity of 4.5mtpa, estimated capex of ₹100 crore • 95% of the pipelines delivered and 55% installed, with interim operations resulting in 0.1 MMT of edible oil cargo in Q4 FY25 • Completion by Q2 FY26 Expansion at Mangalore Container • Capacity Expansion from 4.2 to 6mtpa • Estimated Capex – ₹150 crore • Soil test completed • Yard design and infrastructure engineering works underway • Expected completion by Q2 FY27 JNPA site image Images of Tuticorin site
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JSW Infrastructure Investor Presentation May 2025 Key Project Updates (2/3) 16 LPG at Jaigarh • Capacity – 2mtpa • Estimated Capex – ₹900 crore • Plot grading work 95% completed • Berth construction and LPG terminal is under progress • Targeting completion by June 2026 Brownfield Expansion Expansion at Dharamtar & Jaigarh • Capacity Expansion – 36mtpa at Dharamtar (21mtpa) and Jaigarh(15 mtpa), on the back of expansion of 5mtpa Steel-making capacity of Anchor customer at Dolvi • Estimated Capex – ₹2,359 crore • Enquiry/Tender floated for Equipments & Conveyors • Berth Construction & Dredging work in progress • Targeting completion by March 2027 Expansion at Goa • Capacity expansion to 15mtpa from 8.5 through the Construction of Covered Shed • Covered Shed work completed as per scheduled timeline • Consent to Operate (CTO) in place for additional 2.5mtpa, for balance 4mtpa approvals are under process LPG construction at Jaigarh Port Cover shed work completed at South West Port, Goa Before After
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JSW Infrastructure Investor Presentation May 2025 Key Project Updates (3/3) 17 Port connectivity projects Greenfield Port Slurry Pipeline Project (30 mtpa) • 302KM Slurry pipeline in Odisha - Nuagaon to Jagatsinghpur • 210km of welding and 180km of lowering completed • Completed acquisition and signed a Long term Take or Pay Agreement with JSW Steel • Totalestimated Capex - ₹4,000 crore, Capex incurred - ₹1,660 crore • Construction to be completed by March 2027 Keni Port • All weather 30mtpa greenfield multi-cargo, direct berthing, deep water commercial port • Concession agreement signed with Karnataka Maritime Board in Nov 2023 • Estimated Capex – ₹4,119 crore • All site (Geo Technical, Metocean) studies completed • Construction is to be completed in three and half years and commercial operations are to commence in FY 2029 Jatadhar Port • Concession agreement expected to be signed during Q1 FY 2026 • Capacity – 30mtpa • Estimated Capex – ₹3,000 crore • 2.5 million cubic meter (CBM) dredging completed • Construction to be completed by March 2027 Setting up slurry pipeline Keni port area image Dredging work underway at Jatadhar
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JSW Infrastructure Investor Presentation May 2025 Q4 & FY2025 Results update Operational & Financial Performance 18
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JSW Infrastructure Investor Presentation May 2025 FY 2025 – Key Highlights • T otalCargo Handled at 117 MT (+9% YoY), Third-party cargo volume grew by 34%, • Share of third-party cargo volume stood at 49% in FY25 vs 40% a year ago • T otal Revenue of ₹4,829 (+20%), EBITDA at ₹2,615 Crore (+17% YoY) and net profit of ₹1,521 Crore (+31% YoY). * Subject to Shareholders’Approval • Board recommended dividend of ₹0.80*/share, representing 40% of the Face Value (27.5% in FY24) • Interim operations commenced at both the JNPA (Liquid Terminal) and at Tuticorin Terminal 19 • Foray into Logistics Segment with acquisition of majority stake (70.37%) in Navkar Corporation Limited • Acquisition of Slurry Pipeline Business and entered into a long term take or pay agreement with the Anchor Customer • LOI (Letter of Intent) received for Murbe Port- a greenfield port in the state of Maharashtra • Net debt to Operating EBITDAof 0.65x: Strong balance sheet to pursue value-accretive organic and inorganic growth • Rated as “Low Risk” by Sustainalytics for Environmental, Social, and Governance (ESG) • Jaigarh Port was awarded with the “Sword of Honour” by the British Safety Council • Gross Debt of ₹4,659 Crore and Cash and Bank balance of ₹3,188 Crore (as of 31st Mar 2025)
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JSW Infrastructure Investor Presentation May 2025 20 Q4 & FY2025: Operational Performance - Ports Cargo Handled1 (MT) Cargo Handled1 (MT) 29.9 31.2 Q4 FY24 Q4 FY25 Cargo Handled (Customer Mix) Cargo Handled (Customer Mix) Key Drivers – Q4 FY25Key Drivers – Q4 FY25 14.0 15.5 Q4 FY24 Q4 FY25 Third Party Cargo (MT) Third Party Cargo (MT) +5% YoY +11% YoY JSW Group 53% Third Party 47% JSW Group 50% Third Party 50% Q4 FY24 Q4 FY25 • Total Cargo Handled of 31.2 MT, growth of 5% YoY o Interim operations at the Tuticorin Terminal and the JNPA Liquid Terminal. o Strong performance at the Coal terminals of Mangalore, Ennore and Paradip o The growth was partially offset by lower cargo volumes in the Iron Ore terminal of Paradip. • Third-party cargo grew by 11%, the share of third- party cargo volume stood at 50% in Q4 vs 47% a year ago • Total Cargo Handled of 117 MT, growth of 9% YoY • Third-party cargo grew by 34%, the share of third- party cargo volume stood 49% in FY25 vs 40% a year ago Q4 FY25 +34% YoY JSW Group 60% Third Party 40% FY24 FY25 107 117 FY24 FY25 +9% YoY 43 57 FY24 FY25 JSW Group 51% Third Party 49% Note: 1) The volume for the Fujairah oil tank farm business has been restated for the current and prior periods to reflect the actual port cargo handled rather than the storage capacity volumes. This is in line with the practice followed by the relevant Port Authorities. Consequently, the Q4 FY24 cargo is now 29.9 MT instead of 29.3 MT and FY24 cargo is now 107 MT instead of 106.5 MT. Key Drivers – FY25Key Drivers – FY25
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JSW Infrastructure Investor Presentation May 2025 21 Q4 & FY25 – Financial Performance - Ports 1,096 1,152 Q4 FY24 Q4 FY25 Revenue from operations (₹ Crore) Revenue from operations (₹ Crore) 581 626 53.0% 54.4% Q4 FY24 Q4 FY25 Operating EBITDA (₹ Crore) & Margin (%) Operating EBITDA (₹ Crore) & Margin (%) +5% YoY 3,763 4,226 FY24 FY25 +12% YoY Q4 FY25 1,965 2,231 52.2% 52.8% FY24 FY25 *Excluding Other Income 448 499 Q4 FY24 Q4 FY25 EBIT* (₹ Crore)EBIT* (₹ Crore) 1,528 1,709 FY24 FY25 +11% YoY +12% YoY +8% YoY +14% YoY
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JSW Infrastructure Investor Presentation May 2025 22 Q4 & FY2025: Operational Performance – Navkar Corporation Ltd ICD Volume handled (‘000 TEUs) ICD Volume handled (‘000 TEUs) 13 18 Q4 FY24 Q4 FY25 Volume handled (‘000 Metric Tonnes) Volume handled (‘000 Metric Tonnes) 46 57 Q4 FY24 Q4 FY25 CFS Volume handled (‘000 TEUs) CFS Volume handled (‘000 TEUs) +47% YoY +23% YoY Q4 FY25 248 273 Q4 FY24 Q4 FY25 Export 47% Import 53% Export 55% Import 45% Q4 FY24 Q4 FY25 EXIM VolumeEXIM Volume +10% YoY 36 66 FY24 FY25 +86% YoY 191 208 FY24 FY25 +9% YoY +16% YoY Export 45% Import 55% Export 52% Import 48% FY24 FY25 Domestic Volume Note: ICD - Morbi, CFS - Somathane and Ajivali I & II and PFT/Rail - Morbi, Somathane and Udhana *TEUs – Twenty-foot Equivalent Units 922 1,071 FY24 FY25
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JSW Infrastructure Investor Presentation May 2025 23 Q4 & FY2025: Financial Performance – Logistics Segment Particulars (₹ in crore) Q4 FY25 FY25* Revenue from Operations 131 250 Other Income 3 10 Total Income 134 259 EBITDA 17 41 Depreciation 13 24 Finance Cost 20 42 Profit/Loss before Tax (16) (26) Tax Expenses (0) (0) Profit/Loss after Tax (16) (26) * Navkar Corp consolidated w.e.f 11th Oct, 2024.
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JSW Infrastructure Investor Presentation May 2025 24Note: The consolidation of the Navkar Corporation Limited financials are w.e.f 11th October, 2024. FY25 – Consolidated Financials and Key Performance Indicators 3,763 4,476 FY24 FY25 Revenue from operations (₹ Crore) Revenue from operations (₹ Crore) 4,032 4,829 FY24 FY25 Total Revenue (₹ Crore) Total Revenue (₹ Crore) 1,965 2,262 52.2% 50.5% FY24 FY25 Operating EBITDA (₹ Crore) & Margin (%) Operating EBITDA (₹ Crore) & Margin (%) +19% YoY +20% YoY 2,234 2,615 55.4% 54.2% 44.0% 46.0% 48.0% 50.0% 52.0% 54.0% 56.0% FY24 FY25 EBITDA (₹ Crore) & Margin (%) EBITDA (₹ Crore) & Margin (%) 1,161 1,521 FY24 FY25 PBT (₹ Crore) PBT (₹ Crore) 7,966 9,329 FY24 FY25 PAT (₹ Crore) PAT (₹ Crore) Net Worth (₹ Crore) Net Worth (₹ Crore) 1,465 1,803 FY24 FY25 18.4% 14.3% FY24 FY25 RoCE (%)RoCE (%) +23% YoY +31% YoY +15% YoY +17% YoY
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JSW Infrastructure Investor Presentation May 2025 25 Track Record of Robust Growth and Strong Balance Sheet
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JSW Infrastructure Investor Presentation May 2025 Note: 1. Return on Capital Employed (RoCE) is calculated as EBIT as a percentage of Capital Employed , where Capital Employed refers to the sum of total equity and Net Debt. EBIT is calculated as Operating EBITDA minus depreciation and amortization. 2. The volume for the Fujairah oil tank farm business has been restated for the current and prior periods to reflect the actual port cargo handled rather than the storage capacity volumes. This is in line with the practice followed by the relevant Port Authorities. Consequently, the FY24 cargo is now 2MT instead of 1.4 MT earlier. Robust Operational and Financial Metrics Capacity (mtpa) & Utilization (%) Cargo Handled (MT) Total Revenue (₹ Cr) EBITDA (₹ Cr) PAT (₹ Cr) RoCE1 (%) 25% 25% 33% 40% 49% 75% 75% 67% 60% 51% FY21 FY22 FY23 FY24 FY25 Third Party JSW Group 1,678 2,379 3,373 4,032 4,829 FY21 FY22 FY23 FY24 FY25 119 153 158 170 17735.2% 38.4% 56.9% 61.1% 63.9% FY21 FY22 FY23 FY24 FY25 Capacity Vol Utilization 891 1,215 1,798 2,234 2,615 FY21 FY22 FY23 FY24 FY25 285 330 750 1,161 1,521 FY21 FY22 FY23 FY24 FY25 8.2% 10.9% 19.5% 18.4% 14.4% FY21 FY22 FY23 FY24 FY25 FY21-25 CAGR: 30% FY21-25 CAGR: 31% FY21-25 CAGR: 52% 46 62 93 107 117 26
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JSW Infrastructure Investor Presentation May 2025 Net debt / Equity1 Well-Positioned to Pursue Growth Opportunities Note: 1: Net debt is calculated as total debt minus cash and cash equivalents, bank balances other t han cash and cash equivalents and current investments. 2: Operating EBITDA is calculated as restated profit before exceptional items and tax minus other in come plus finance costs, depreciation and amortization expense. Strong Balance Sheet 1.17x 0.96x 0.54x 0.01x 0.14x FY21 FY22 FY23 FY24 FY25 4.42x 3.00x 1.37x 0.03x 0.65x FY21 FY22 FY23 FY24 FY25 • International Ratings Fitch: BB+ / Positive Moody’s: Ba1/StableNet debt / Operating EBITDA2 Raised capital at competitive rates • In January 2022, issued a USD 400 million 4.95% sustainability-linked senior secured notes due in 2029 • Domestic Ratings CARE AA+/ Stable 27
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JSW Infrastructure Investor Presentation May 2025 28 Sustainability
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JSW Infrastructure Investor Presentation May 2025 29Note: 1)FY25 figures are unaudited and may change after completion of Audit 2) tch - Total Cargo Handled, KJ- Kilo Joule, MWh-Mega Watt Hours 3) Information pertains to Indian operations excluding Mangalore Container, Paradip Coal, PNP port and Navkar Corp. 2) CDP (Carbon Disclosure Project) is a global non-profit organization that runs the world’s independent environmental disclosure system. Sustainability - Key Performance Indicators - Rated as “Low Risk” - CDPs Management Level “B” rating for Climate Change 1.30 1.12 1.01 0.84 FY22 FY23 FY24 FY25 Specific Energy Consumption (KJ/tch) GHG Emission Intensity (Kg CO2 e/tch) Specific Freshwater Consumption (L/tch) 8,751 7,102 7,444 6,806 FY22 FY23 FY24 FY25 6.9 5.4 4.6 4.8 FY22 FY23 FY24 FY25 Waste Recycled (%) 51.0 82.7 83.7 90.4 FY22 FY23 FY24 FY25 799 7,783 23,456 FY23 FY24 FY25 Renewable Energy (MWh)
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JSW Infrastructure Investor Presentation May 2025 WASH – Water, Sanitation and Hygiene. FY2025 - Our Commitment to Society Health and Nutrition Water, Environment and Sanitation Waste Management Education Agriculture and Allied Livelihoods Skill Development Art, Culture and Heritage Sports Promotion Key Intervention Areas • 72,671 health consultations carried out across various locations • 12,156 adults & children benefitted through eye screening camps in Ennore, Paradip, Jaigarh and Mangalore Health and Nutrition • 4,708 students are learning effectively through our support in strengthening the library, providing scholarships & other educational infrastructural support in Ennore and Jaigad. Education • 57,370 individuals have been provided access to safe drinking water through our water related initiatives in Jaigad, Ennore, Paradip and Mangalore • 1,84,360 individuals are availing benefits of WASH services through WASH complex in Paradip and Mumbai Water, Environment and Sanitation Community Development 30 • 27,891 individuals are benefitting from the community development initiatives such as community hall, cremation ground etc in Paradip and Jaigad
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JSW Infrastructure Investor Presentation May 2025 To Conclude JSW Infrastructure is the second largest private port operator in India with 177 mtpa capacity Strategically located assets with well equipped Ports and Terminals with Multi-Modal Evacuation Channels Well placed to reap the benefits of the growing Indian economy, massive infra build, strong cargo growth potential and limited competition in the sector Growth Strategy of low-cost brownfield expansion, developing high-margin greenfield ports with clear visibility of group Cargo and benefits of Government’sPrivatization drive. Increasing capacity to 400mtpa by FY30. Track record of Robust Operational and Financial Metrics Strong balance sheet to pursue value-accretive organic and inorganic growth 31 Scaling up logistics business to achieve topline of ₹ 8,000 crore by FY30.
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JSW Infrastructure Investor Presentation May 2025 Appendix 32
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JSW Infrastructure Investor Presentation May 2025 33 Key information- Cargo Handled Note: 1) The volume for the Fujairah oil tank farm business has been restated for the current and prior periods to reflect the actual port cargo handled rather than the storage capacity volumes. This is in line with the practice followed by the relevant Port Authorities. Consequently, the Q4 FY24 cargo is now 1.9 MT instead of 1.4 MT and FY24 cargo is now 2MT instead of 1.4 MT earlier. 2) Tuticorin Dry bulk interim operations are carried out in handled in JSW Infrastructure Standalone. Q4 FY 24 Q4 FY25 FY24 FY25 JSW Infrastructure Limited Standalone 0.8 0.5 2.7 2.4 JSW Jaigarh Port Limited Jaigarh Port 4.9 4.9 21.5 19.9 JSW Dharamtar Port Private Limited Dharamtar Port 6.1 6.1 25.1 23.1 South West Port Limited Goa 1.8 1.8 7.2 6.4 JSW Paradip Terminal Private Limited Paradip, Iron Ore 3.3 2.2 12.4 11.4 Paradip East Quay Coal Terminal Limited Paradip, Coal Exports 5.1 5.4 16.8 18.9 Ennore Coal Terminal Private Limited Ennore Coal 2.6 2.9 9.3 10.2 Ennore Bulk Terminal Private Limited Ennore Bulk 0.4 0.9 1.5 2.1 Mangalore Coal Terminal Private Limited Mangalore Coal 1.2 1.7 4.8 6.3 JSW Mangalore Container Terminal Private Limited Mangalore Container 0.6 0.5 2.6 2.4 PNP Maritime Services Private Limited PNP Port 1.2 1.3 1.3 5.5 JSW Middle East Liquid Terminal Corp Liquid Terminal UAE 1.9 1.9 2.0 7.3 JSW JNPT Liquid Terminal Private Limited JNPA Liquid Terminal - 0.1 - 0.2 JSW Tuticorin Multipurpose Terminal Pvt Ltd Tuticorin Dry Bulk - 0.9 - 0.9 Total Cargo Handled 29.9 31.2 107.0 116.9 Legal Entity (MT) 1 2
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JSW Infrastructure Investor Presentation May 2025 34 THANK YOUTHANK YOU Investor Relations Contact ir.infra@jsw.in