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118th Annual General Meeting July 02, 2025
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2 118th Annual General Meeting Safe harbour statement Safe harbour statement Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors. 2
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3 118th Annual General Meeting Tata Steel is focused on creating sustainable value Leadership in Sustainability Leadership in India Leadership in technology and digital Consolidate position as global cost leader Robust financial health Become future ready
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4 118th Annual General Meeting We are committed to ‘Zero Harm’ Journey towards excellence in Safety & Health of employees1 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 56% LTIFR* In the last 15 years From Awareness to Action: Elevating safety culture Digitally enabled Safety Safety Alert Command Centres Process Safety Audit on risk perception & standard deployment Behavioral Safety Training on risk perception & decision making Occupational Health Wellness recognition policy Vendor Rating Star rating system for high-risk job Note: 1Employees refers to Permanent and Contract workforce, *Lost Time Injury Frequency Rate per million-man hours worked, for Tata Steel Group
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5 118th Annual General Meeting Improving quality of life of our communities 57 lakh+ lives impacted1 and more than Rs 2,274 crores spent2 in the last 5 years Note: 1Cumulative as on FY2025, 2CSR Spend by Tata Steel Standalone 22,400+ out of school children brought back to education system 43,000+ children & youth engaged in rural sports ~116 mn cubic feet water storage capacity created 45,000+ people enrolled in tribal language classes 2,500+ women enrolled in leadership trainings 93% redressal rate in high-risk case among pregnant women & children 33,500+ households adopted climate resilient agri practices ~₹5,300 crore public funds unlocked directly to communities
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6 118th Annual General Meeting Sustainability is at the core of our strategy Route and pace of decarbonisation to be calibrated across geographies Note: R&D – Research and Development Net Zero emissions for Tata Steel 2045 Our ESG goals underpin the focus areas Circular economy Water, Air emissions Biodiversity, Dust Employees, Community Supply chain R&D, Technology Process improvement, Carbon direct avoidance and Carbon Capture & Utilisation Pursuing decarbonisation to reduce 50 million tons CO2e over a decade Engaging with the Netherlands govt. for support towards decarbonisation & environmental measures project
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7 118th Annual General Meeting Scaling up in India to capitalise on the growth opportunity Note: TSK – Tata Steel Kalinganagar, EAF – Electric Arc Furnace, CRM – Cold Rolling Mill 16 40 5 5 ~0.8 TSK Ph 2 EAF under construction Commissioned India steel per capital income at an inflection point Brownfield optionality across multiple sites Ramp up of India’s largest blast furnace at Kalinganagar to rated capacity (5 MTPA) progressing 2.2 MTPA CRM Complex at Kalinganagar 0.75 MTPA Electric Arc Furnace at Ludhiana Flats Longs
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8 118th Annual General Meeting Journeying towards sustainable operations in UK and Netherlands Note: EAF – Electric Arc Furnace, DRP – Direct Reduction Plant In UK, safely decommissioned both the blast furnaces and received planning permission to setup EAF In Netherlands, initiatives to remain amongst the most cost competitive in EU while becoming “green” & “clean” 2027-28 ~1.2 tCO2e / tcs ~0.4 tCO2e / tcs Closure of Coke Ovens Mar’24 Closure of Blast Furnaces Sep’24 Grant Funding Agreement (GFA) signed with the UK govt Oct’24Dec’24 Order for EAF placed with Tenova Feb’25 Received planning permission for EAF Jul’25 Site activity for Construction of EAF & upgrades to select facilities 2027 New Electricity connection goes live ~3 MTPA EAF commissioning ~2 tCO2e / tcs ▪ Committed to achieving 40% CO2 emission reduction - Government support is key 1Phase Shutdown of one of the blast furnaces» Replaced by DRP – EAF » Adoption of Carbon Capture on DRP; utilise H2 as it becomes cost competitive» 2Phase Shutdown of remaining blast furnace» Transition to greener steelmaking»
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9 118th Annual General Meeting Embracing Digital and Technology to create and unlock value Around 550+ models built & deployed across the value chain Process Control and Optimisation Predictive Maintenance Personalised Experience Boulder detection system at mines Integrated management system Tailored for micro, small, and medium enterprises, DigECA, streamlines steel procurement through online pricing, negotiation and efficient delivery
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10 118th Annual General Meeting Financial Management to enable returns across cycle Note: *FY25 Dividend per share is recommended by Board, Total Shareholder Returns sourced from Bloomberg as of 25th June 2025 and considers dividend reinvestment Total Shareholder Returns1 (%) 42 20 19 5 years 22 12 11 10 years 17 12 12 25 years Tata Steel Nifty 50 Sensex 85+ years of continued dividend payout 3.60 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25* Dividend in Rs per share
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11 118th Annual General Meeting Tata Steel Consolidated Financial Highlights Note: Revenue refers to Total Revenue from operations, Dividend per fully paid-up equity share of face Value Rs 1/- 29.39 30.96 FY2024 FY2025 Deliveries (mn tons) Revenues (Rs Crores) Diluted Earnings per share (Rs.) EBITDA (Rs Crores) Dividend per share (Rs.)PAT (Rs Crores) 2,29,171 2,18,543 FY2024 FY2025 23,402 25,802 FY2024 FY2025 -4,910 3,174 FY2024 FY2025 -3.62 2.74 FY2024 FY2025 3.60 3.60 FY2024 FY2025
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12 118th Annual General Meeting Becoming culturally future ready Pioneering initiatives and legacy of several 1st in industry especially in India Initiatives to reach new level of excellence Talent Preparedness for growth to 40 MTPA ✓ Talent integration post merger ✓ Focus on skill for all categories of people Focus on productivity and restructuring Fostering a Future Ready Culture ✓ Cost competitiveness ✓ Building talent pipeline for decarb projects ✓ Culture of safety : Zero Harm ✓ “One Tata Steel”- Synergy via collaboration across locations
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13 118th Annual General Meeting Some milestones we are proud of 40 million tons of Iron ore mined in India in FY2025 1st India BF to produce 50 mn tons of hot metal over time Noamundi mine completed 100 yrs of sustainable mining Sustainability champion 8 years in a row by worldsteel >90% India prodn. via sites ResponsibleSteelTM certified CRM at Jamshedpur completes 25 years Partnerships to drive technological progress 5.7 million+ lives impacted through our CSR programs Consistently filed 100+ patents in a year Investment grade credit rating by S&P and Moody’s ESA & Tata Steel Netherlands conduct experiments on ISS Deployed 550+ AI models across value chain Note: BF – Blast Furnace, CRM – Cold Rolling Mill, CSR – Corporate Social Responsibility, ESA – European Space agency, ISS – International Space Station, AI – Artificial Intelligence
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14 118th Annual General Meeting Our efforts are being recognized globally and nationally Note: GoI – Government of India National Intellectual Property Award for patents filing, grant & commercialisation; World Intellectual Property Award Gold Employer by India Workplace Equality Index (IWEI) for fourth consecutive year Golden Peacock Award for Excellence in Corporate Governance, 2024 Climate Action Programme (CAP) 2.0 Resilient Award for 3rd consecutive time by the Confederation of Indian Industry ICSI National Award for Excellence in Corporate Governance and India Legal Team of the Year Award at the 14th Legal Era Awards Noamundi & Joda East mines receive 5-Star Rating Awards for Sustainable Development by Ministry of Mines, GoI Tata Steel UK’s Training Academy honoured with the prestigious Princess Royal Award Recognised amongst the top 20 innovative companies at CII Industrial Innovation Awards 2024 Recognized as ‘Sustainability Champion’ by worldsteel (8th time in a row)
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Note: 1 India incl. Tata Steel Standalone and Tata Steel Long Products, BPR – Branded Products and Retail, IPP – Industrial Products and Projects “ Journey Continues… We value your inputs and suggestions.” 15