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GODAWARI POWER & lspAT

REF: GPILINSE & BSE/2022/4792 Date: 29.07.2022

To,
1. The Listing Department, 2. The corporate Relation Department,
The National stock Exchange of India Ltd, The BSE Limited,
Exchange plaza, Bandra Kurla complex, First Floor, Rotunda Building,
Bandra (E), Mumbai -400051 Dalal street, Mumbai -400 00l

Dear Sirs/Ma'am,

Sub: Investor presentation for QIFY23.

Ref: Equity Shares -NSE: GPIL & BSE: 532734

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)

Regulation 2015, we are enclosing herewith the lnvestor Presentation for Q I FY23 .

The copy of the said presentation is also being hosted on the website of the company viz.,
www.godawaripowerispat.com. The said presentation will also be shared with various

Analysts/investors.

Thanking you,

Yours faithfully,

FOR, GODAWARI POWER AND ISPAT LIMITED

c=---ue``
Y.C. RAO
COMPANY SECRETARY

Encl : As Above

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®odawciri Power & lspal Limited
An lso 9001 :2015, lso 14001 :2015 & lso 45001 :2018 certi{ied company
CIN L27106CT199PPLCO13756

heglslered Oflice and `^/orks: Plot No. 428/2, Phase 1, Industrial Areci, Siltcirci, Raipur -493111, Chhattisgarh, India
P: +91 771 4082333, F: +91 771 4082234
Corporate Address: Hire Arcade, Near New Bus Stand, Pondri, Raipur -492001, Chhattisgarh, India
P: +91 771 4082000, F: +91 771 4057601
www.godawclripowerispc]t.com, www.hiragroup.com
Q1 FY23 Investor
Presentation
29th July’2022
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.
 Q1FY23 Highlights
Strong Consolidated Financial Performance

Highest Ever Revenue EBITDA Adjusted PAT*

Rs.16,663 Mn Rs.4,608 Mn Rs. 3,269 Mn
16% (QoQ) 16% (QoQ) 5% (QoQ)
(Previous best Q3FY22 – Rs.16,066 Mn)
*Adjusted for Exceptional Items

Strong Operational Performance

Highest Ever Quarterly Iron Highest Ever Quarterly Iron Highest Ever Quarterly
Ore Mining Ore Pellets Production Sponge Iron Prod.
758,306 MT 667,350 MT 161,001 MT
13% (QoQ) 9% (QoQ) 138% (QoQ)
(Previous best Q4FY22 – 673,372 MnT) (Previous best Q3FY22 – 631,600 MnT) (Previous best Q2FY21 – 152,406 MnT)

Note - QoQ comparison is made to have a like to like comparison because of sale of GGEL
Update on Stated Guidance
FY23 Guidance Current Status

Iron ore mining – 2.7 to 2.9MnT Iron Ore Mining in Q1FY23 – 758,306T

Iron ore Pellets – 2.4MnT Iron Ore Pellets in Q1FY23 – 667,350T

Consolidated Capex – Rs.5,000Mn Consolidated Capex in Q1FY23 – Rs.1,500 Mn

78.96% consolidation in Alok Ferro Alloys in

Consolidation of stake in HFAL and
Q1FY23. Stake in HFAL also increased from
Alok Ferro Alloys*
75.66% to 91.82%

*Alok Ferro Alloys has Ferro Alloys capacity of 14,500TPA & 8MW Captive Power
 Strategies changed to tackle Export Duty
Particulars Current Status

Change in Volume Mix Increased sales of sponge iron, steel billets, MS rounds, HB wire, Ferro alloys.

Company was mainly exporting iron ore pellets & wire rods prior to imposition of
export duty. Company has a competitive advantage as it produces High-Grade Iron
Focus on Domestic Sales Ore Pellets. Sales of pellets and wire rods have been diverted to the local market
and company is confident of achieving the targeted volumes.

Company is committed to move forward with the stated capex of Rs.5000Mn for the
Ongoing Capex current year for setting up captive solar power plant, capex in the mining and
replacement of old turbines with new turbines to improve the plant efficiency.

The project is still under the evaluation process and the final project size will be
Greenfield Steel Project Capex depending upon the evolving market conditions and the future cash flows of the
company.
 Strong Future Outlook - Low-cost Capacity Expansion
Capacity FY22 Capex (in Rs. Mn)
Particulars Current Status
FY22 FY23 Total FY22 Q1FY23 9MFY23
Mining production ramp-up in 2nd half.
Iron Ore Mining,
Beneficiation plant at mine to commission in
Crushing & 2.1MTPA 3.05MTPA 1250 340 220 690
H2FY23. Capex increased on account of setting
Beneficiation Facilities
up beneficiation plant at mine.
Project completed. State Pollution Board
Sponge Iron 0.5MTPA 0.6MTPA NIL NIL NIL NIL
permission delayed and still awaited.
Project is kept on hold due to strategic reasons
Steel Billets 0.4MTPA 0.4MTPA 600 300 50 _
and certain changes in business plan.
Existing power generation capacity of 73 MW
will continue to operate. The Company now
plans to replace old turbines with new high
Power Plant
efficiency turbines with capacity of 48MW,
(Replacement of 73MW 73MW 860 140 120 600
which will result in higher annual power
Turbines)
generation effectively by 11% without any
additional fuel & operating cost. Project to
commission by end FY23.

Capex for debottlenecking for improving

HFAL - Ferro Alloys 60,500T 60,500T 250 100 25 125
production efficiency

Jagdamba Power Plant

25MW 25 MW 700 _ 700 _ Acquisition completed on 07.06.2022
Acquisition
 Carbon Footprint Reduction Strategy
Capacity Capex (in Rs. Mn)
Particulars
FY23
Total FY22 Q1FY23 9MFY23 Current Status
Solar PV Projects

The Plant is ready in all respects

GPIL - Rajnandgaon 70 MW 2600 2250 225 125
except synchronization with the grid.

Land acquisition in process. Solar

modules delivered & cleared from
GPIL - Rajnandgaon 25 MW 1100 580 0 520 Customs. Commissioning expected by
Q3 FY23. Location changed from
Bemetara to Rajnandgaon.
Land acquisition in process. 136 acre
of land already acquired out of 150
acres required. Solar modules
HFAL - Bemetara 60 MW 2650 1742 160 748 delivered and cleared from Customs.
Project construction activities started
in middle of April, 2022 and
Commissioning expected by Q3 FY23.
 Drivers of Performance in Q1FY23
Particulars Current Status

• Iron ore mining as well as iron ore pellets production has increased by 13% &
9% QoQ.
Production Volumes • Also, there has been a significant increase in production of other products like
sponge iron, steel billets, MS Rounds, HB Wires
• Sales volume of Pellets increased by 6% on YoY basis & decreased by 19%
on QoQ basis. This decrease is due to increased captive use of pellets for
Sales Volume sponge iron production.
• Sales of other products like sponge iron, steel billets, MS Rounds, HB Wires,
Ferro Alloys have increased on QoQ basis
• Realisation for pellets and sponge iron have dropped slightly by 3% & 1% on
QoQ basis. This happened because of fall in market rates due to imposition of
Realisation export duty.
• Realisation of almost all other products have increased on QoQ basis
• Total expenses have increased by 14% on QoQ basis, though as compared to
the last quarter, it is same at 71% of Total Turnover.
Operating Cost • The increase is mainly due to increase in raw material, stores and power &
fuel consumption. These expenses increased because of increase in
production volumes.
 Production Summary
Iron Ore Mining Iron Ore Pellets - GPIL Sponge Iron

758,306 667,350 161,001

673,397 143,542
559,070
602,850 613,000 67,787

Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23

Steel Billets M.S. Rounds/TMT Ferro Alloys

3,898 3,046
3,145
63,931
115,240 11,083 12,089
93,470 46,385 10,228

42,875 26,640
4,358 3,513 3,853

Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23

Ferro Alloys - GPIL Ferro Alloys - HFAL
Note – Nos. are in Metric Tons Ferro Alloys - Alok Ferro
 Sales Volume Summary
Iron Ore Pellets - GPIL Sponge Iron Steel Billets

50,262

508,187 43,942
388,937 410,667 34,174
5,378 21,641 16,652

Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23

M.S. Rounds/TMT Ferro Alloys Galvanized Fabricated Products

4,974 3,746
2,505
36,009 21,628
29,414 32,333
11,056 10,647 11,807 16,593
8,138
3,502 2,894 3,286

Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23

Ferro Alloys - GPIL Ferro Alloys - HFAL
Note – Nos. are in Metric Tons Ferro Alloys - Alok Ferro
 Realisation Summary
(Ex plant realisation excluding export freight and expenses)
Iron Ore Pellets - GPIL Sponge Iron Steel Billets

13,942 34,862 34,457 53,076

11,905 11,596 28,693 47,252
41,292

Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23

M.S. Rounds/TMT Ferro Alloys - HFAL Galvanized Fabricated Products

55,030 105,061 114,075 85,258

85,368 80,480
47,805
46,158 73,000

Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23 Q1FY22 Q4FY22 Q1FY23

Note – Nos. are in Rs. per Ton

 GPIL Consolidated - Profit & Loss
All figures in INR Mn
Particulars Q1FY23 Q4FY22 QoQ% Q1FY22 YoY % FY22
Net Sales 16663 14379 16% 11,262 48% 53,992
Total Expenses 12055 10408 16% 5,531 118% 35,350
Other Income 161 180 -11% 10 1573% 294
EBIDTA 4608 3971 16% 5,731 -20% 18,642
EBIDTA Margin (%) 28% 28% 51% 35%
Depreciation 276 272 2% 252 10% 1,047
Finance Costs 40 10 308% 106 -62% 197
Share of Profit/(Loss) of Associate & JV -2 73 -103% 244 652
Exceptional item 987 987
PBT 4451 4930 -10% 5,626 -21% 19,331
Tax 1179 1006 17% 1,354 -13% 4,512
PAT from Ordinary Activities 3272 3923 -17% 4,272 -23% 14,819
OCI Net of Tax -2 181 348 571
PAT from Continuing Operations 3270 4104 -20% 4,620 -29% 15,390
PAT from Discontinued operations 101 -146
PAT for the Period 3270 4104 -20% 4,721 -31% 15,244
PAT from Continuing Operations Attributable to Owners of
3271 4065 -20% 4,272 -23% 14,813
Company
EPS for Continuing Operations (INR) 25 31 -20% 31 -23% 113
 GPIL Standalone Profit and Loss
All figures in INR Mn

Particulars Q1FY23 Q4FY22 QoQ% Q1FY22 YoY % FY22

Net Sales 14,827 13,002 15% 11,262 33% 50,746

Total Expenses 10,658 9,283 16% 5,531 94% 32,936

Other Income 114 100 14% 9 1192% 183

EBIDTA 4,169 3,720 15% 5,731 -25% 17,810

EBIDTA Margin (%) 28% 29% 51% 35%

Depreciation 263 258 2% 252 4% 1,018

Finance Costs 25 4 578% 106 -76% 174

Extra Ordinary Income 21 987 987

PBT 4,130 4,546 -9% 5,382 -23% 17,790

Tax 1,092 951 15% 1,354 -19% 4,280

PAT 3,038 3,595 -15% 4,028 -25% 13,510

EPS (INR) 22 26 -16% 30 -25% 99

 Hira Ferro Alloys Limited – Financial Performance
All figures in INR Mn

Particulars Q1FY23 Q4FY22 QoQ% Q1FY22 YoY % FY22

Net Sales 1,875 1,496 25% 1,166 61% 5,932

Total Expenses 1,551 1,264 23% 883 76% 4,392

Other Income 47 62 -24% 8 488% 151

EBIDTA 324 232 40% 282 15% 1,540

EBIDTA Margin (%) 17% 16% 24% 26%

Depreciation 14 14 0% 13 8% 60

Finance Costs 15 8 88% 15 0% 45

PBT 343 272 26% 263 30% 1,585

Tax 86 70 23% 97 -11% 465

PAT 256 202 27% 166 54% 1,120

 Captive Mining Provides Competitive Edge

8,500
7,300
6,800

4,346 4,270

3,500
3,200
3,000
2,750

2,800 3,150
2,600 2,462
2,310 2,375
2,050 2,181
1,800

FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY23

Market Price of Iron Ore Captive Ore Landed Cost
 Achieved Net Debt Free Status
GPIL now has a Net Cash Balance Sheet

Consolidated Net Debt (Rs Mn)

19,287
18,207
16,043
14,355

7,197

-5,645 -5,604

FY17 FY18 FY19 FY20 FY21 FY22 Q1FY23

Short term borrowings are not included in calculation of Net Debt.
 GPIL – Consolidated Balance Sheet
All figures in INR Mn

Particulars 31.03.2022 31.03.2021 Particulars 31.03.2022 31.03.2021

ASSETS EQUITY AND LIABILITIES
Non Current assets EQUITY
(a) Property, Plant and Equipment 14,129 19,199 (a) Equity share capital 658 341
(b) Capital work-in-progress 6,427 1,372 (b) Other equity 32,465 20,015
(c) Other intangible assets 826 929 (c) Non Controlling/Minority Interest 1,298 724
(d) Investment in associates and joint ventures 2,074 2,735 Sub Total - Equity 34,422 21,080
(e) Financial assets LIABILITIES
(i) Investments 319 40 Non-current liabilities
(ii) Other financial assets 338 89 (a) Financial Liabilities
(i) Borrowings 102 7,711
(f) Goodwill on Consolidation 341 - (ii) Other non-current financial Liabilities 141 53
(g) Other non current assets 634 182 (b) Provisions 251 143
Sub Total - Non Current Assets 25,089 24,546 (c) Deferred Tax Liabilities (net) 1,634 1,678
Current Assets Sub Total - Non Current Liabilities 2,127 9,585
(a) Inventories 8,736 5,037 Current liabilities
(b) Financial assets - (i) Trade Receivables 3,499 2,752 (a) Financial Liabilities
(ii) Bank, Cash and cash equivalents 110 86 (i) Borrowings 4,183 1,254
(iii) Bank balances other than (ii) above 5,637 428 (ii) Trade Payables 5,296 1,938
(iv) Other financial assets 100 178 (iii) Other financial liabilities 516 436
(v) Loans 2,472 - (b) Other current liabilities 1,741 138
(c) Current tax assets (net) - 1 (c) Provisions 14 8
(d) Other current assets 3,256 1,708 (d) Current tax liabilities (net) 601 297
Sub Total - Current Assets 23,811 10,190 Sub Total - Current Liabilities 12,350 4,071
Total Assets 48,899 34,736 Total Equity and Liabilities 48,899 34,736
 GPIL – Standalone Balance Sheet
All figures in INR Mn
Particulars 31.03.2022 31.03.2021 Particulars 31.03.2022 31.03.2021
ASSETS EQUITY AND LIABILITIES
Non Current assets EQUITY
(a) Property, Plant and Equipment 12,995 13,135 (a) Equity share capital 682 341
(b) Capital work-in-progress 4,164 540 (b) Other equity 30,255 17,719
(c) Other intangible assets 826 928 (c) Non Controlling/Minority Interest -
(d) Investment in associates and joint ventures - Sub Total - Equity 30,938 18,060
(e) Financial assets - LIABILITIES
(i) Investments 3,414 3,411 Non-current liabilities
(ii) Loans - (a) Financial Liabilities -
(iii) Others - (i) Borrowings - 4,112

(iv) Other financial assets 321 - (ii) Other non-current financial Liabilities 141 53
(f) Other non current assets 514 179 (b) Provisions 232 139
Sub Total - Non Current Assets 22,233 18,193 (c) Deferred Tax Liabilities (net) 1,498 1,612
Current Assets Sub Total - Non Current Liabilities 1,871 5,915
(a) Inventories 7,444 4,981 Current liabilities
(b) Financial assets - (a) Financial Liabilities
(i) Trade Receivables 2,927 2,661 (i) Borrowings 3,955 789
(ii) Bank, Cash and cash equivalents 65 75 (ii) Trade Payables 4,646 1,935
(iii) Bank balances other than (ii) above 5,421 405 (iii) Other financial liabilities 364 868
(iv) Loans 1,895 - (b) Other current liabilities 470 138
(v) Other Financial Assets 100 - (c) Provisions 12 8
(C) Other current assets 2,733 1,693 (d) Current tax liabilities (net) 564 297
Sub Total - Current Assets 20,586 9,815 Sub Total - Current Liabilities 10,011 4,033
Total Assets 42,819 28,008 Total Equity and Liabilities 42,819 28,008
Building a Strong Organisation
All figures in INR Mn

Cash Flows from Operation Capex Free Cash Flows

13,303

9,688
7,043

6,063
5,498 5,508 7,753
4,511
2,212
1,634
1,755
1,051
530 760 396
146

FY17 FY18 FY19 FY20 FY 21 FY22

827
-2,975
 Strong focus on Sustainability
Strengthening the ESG Framework
Aligned with United Nations’ 10 principles for manufacturing responsibility and environmental sustainability

Environment Responsibility Social Responsibility Governance Framework

o Investing in o Strong community o Strategic Clarity –

environmentally friendly engagement delivering as per stated
technologies o Talent development strategy (Sale of non core
o Focussed on renewable through skill set training assets; balance sheet
sources of energy and mentoring strengthening)
o Reducing carbon footprints o Developing a stable eco – o Disciplined capital
– aiming at Carbon Neutral system of vendors allocation
growth through new solar o Robust risk management
PV projects framework
 International & Domestic Tailwinds
International Market
o From $158/t on 1st April, iron ore prices have fallen to $100/t, as recession worries take hold. The demand and
consumption of steel and other commodities is subdued in China due to covid and real estate crisis and in rest
of the world due to interest rate hikes. Expectation is that by H2FY23, things will improve due to China’s stimulus
to support economic growth, however uncertainty remains due to it’s zero Covid policy.
o Vale has cut its iron ore production guidance and Russia & Ukraine war has also reduced supplies from these
nations. This helps counter the slower demand outlook. Iron Ore prices post correction are now expected to
stay in the range of $100-$120/t for rest of the year.
Domestic Market
o Government levied export duty on Iron Ore (from 0%/30% to 50%), Pellets (from NIL to 45%) and Steel (from NIL
to 15%) in May’2022. This has lead to sharp drop in domestic iron ore price. NMDC has cut iron ore prices by
approx Rs2000/t. Pellet prices decreased from Rs.14,000/t in April’22 to Rs.7,575/t and is presently trading at
Rs.8,800/t.
o Domestic iron ore prices have likely bottomed out, at much higher level than historical levels. The support has
come from the cost curve which has moved up by Rs1000-1500/t post the auction of iron ore mines. At current
iron ore prices many domestic mines have become unviable. Some support has also come from improvement in
domestic demand of steel due to increased off take from Infra projects
o Going forward, improvement in prices of iron ore and pellets will depend on the impact of export duties.
However, downside remains largely protected due to cost curve.
APPENDIX
 FY22 : Landmark Year – PAT Doubled
Record High Revenue, EBITDA and PAT
Net Debt Free Status – Net Cash Company
• Became long term Net Debt Free on Standalone
basis in Q1FY22 ; Net Debt Free on Consolidated Achieved Zero
Focus on Reducing Carbon Footprints
basis in Q4FY22 Long Term
Debt Status • Setting up 3 Solar Power Projects with total
capacity of 155MW. The process for all 3
Simplifying the Group Structure; Exited Non-
projects has been started.
Core Businesses Group • Already generates 42 MW captive energy from
Structure Stronger ESG
• Exited non-core businesses by divesting its stake waste heat recovery + 28 MW biomass power
Simplified Focus capacity
completely in GGEL (Solar Thermal Power Plant)
• Consolidation of stake in subsidiaries - Stakes
increased in HFAL & GEL to 75.66% & 100%
resp.

Shareholders Pledge Share Extinguished

Wealth Promoter
Pledge • Gradually reduced promoters pledge shares over
Creation
Extinguished FY22
Creating Superior Shareholder Wealth • Reduced promoters pledge shareholding from
32.51% inJune’21 to NIL as on 25th April’22
• Dividends – Rs.8.50 per share is final dividend on • Credit rating upgraded to A+/Stable by CRISIL &
Enhanced Capital post Split & Bonus; Rs5 Interim India Ratings and Research (Ind-Ra)
dividend already paid pre-split & bonus.
• Stock split (1:2) & Bonus shares (1:1) issued in FY22
• 3 Year Absolute Stock Returns = 363.4%
 Unique Presence Across Steel Value Chain
Asset Capacity FY22 Utilisation (%) Asset Capacity FY22 Utilisation (%)

Iron Ore MS 0.4 MT 39%

Mining 3.05 MT Rounds
76%

Iron Ore HB 24%

2.4 MT 92% 0.10 MT
99.98%
Pellets Wires 65%

Sponge 93% Ferro 16,500 T

0.5 MT Alloys 60500* T
Iron 99% 83%

75%
Steel Power 73 MW
Billets 0.4 MT 30* MW
82% 69%

MT: Million tonnes ^ Ardent * HFAL

 Building on Our Competitive Edge
4x Increase in Reserves of Iron
Ore mines to approx 165MnT;
exploration still in progress. Mine
life of 35+ years remaining at old
ALLPPT Layout royalty rates.
Plan to enhance Iron Ore
Clean Text Slide for Mining Capacity to 5MnT
over next 2-3 years and
your Presentation then to 9MnT over next
Focus is on enhancing 5-7 years Continue to produce
the core competencies high grade Iron Ore
Focus on intermediate Pellets and be cost
products like leaders among peers
pellets/Pig Iron/Billets
and increase their
capacities going
forward (HR/CR mill Fund capex from
proposal dropped) internal accruals and
maintain net debt free
status
Increased Captive Consumption Provides Significant Margin Expansion

Significant captive mining capacity aid in lowering costs & improving margins
Iron Ore Production (MT)
Captive Mining

• Increased captive mining to aid in lowering cost and

improving margins.
Started operations
at Boria Tibu Mine Power
& expanded
production at Ari 2,312,888 • In-plant power generation capacity of 73 MW
Dongri
• 42 MW captive energy from waste heat recovery + 11 MW
Started 1,547,384 1,699,920 from coal thermal plant + 20 MW biomass power capacity
operations at 1,657,629
1,579,693 • Additional 25 MW from Jagdamba Power
Ari Dongri
Mine
1,175,090
• Setting up additional solar power capacity

693,612 657,328 Water

444,695
330,410 326,358
• Agreement with Chhattisgarh Ispat Bhoomi Ltd to draw
10,000 KL of water/day
FY 10 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22
 Simplifying Group Structure
Associates JVs
Godawari Power and Ispat Ltd.
37.85% 33.30%

Ardent Steel Raipur Infrastructure Co

91.82% 100%

25.93%
Hira Ferro Alloys Ltd. Godawari Energy Limited
Chattisgarh Captive Coal
Mining
8.29%

35.36%
78.96%
12.53% Chhattisgarh Ispat Bhumi
Alok Ferro Alloys Ltd.

No change in structure; will remain No substantial business

Stake will be increased further
as they are
Large Portfolio of Long-life Assets
Pelletisation Plant
Odisha
Keonjhar: 0.8 mn MTPA
Siltara Integrated Plant
Chhattisgarh
3.3 mn MTPA Iron ore beneficiation
2.4 mn MTPA Iron ore pellets
0.5 mn MTPA Sponge iron
0.4 mn MTPA Steel billets
0.2 mn MTPA Wire-Rod Mill
0.3 mn MTPA HB wire
73 MW Captive Ppower
25 MW power from JPL
16,500 MTPA Ferro alloys
0.4 mn MTPA Rolling mill
0.1 mn MTPA Pre Fab Structure
Urla Industrial Area
0.2 mn MTPA Wire-rod mill
0.11 Mn MTPA Fabrication Shop
60,500 TPA Ferro Alloys (HFAL)
20MW Captive Powrer (HFAL) Ari Dongri Iron ore captive mine
14,500 TPA Ferro Alloys (AFAL) Chhattisgarh: 2.35 mn MTPA Plants
8 MW Captive Power (AFAL)
Other Locations
8.50 MW Bio Mass IPP (HFAL- Boria Tibu Iron ore captive mine Mines
Mahasamund) Chhattisgarh: 0.7 mn MTPA
1.50 MW Wind Mill (Karnataka)
 Detailed Production Summary

Description of Goods M.T./ KWH Q1FY23 Q4FY22 QoQ (%) Q1FY22 YoY (%) FY22 % Achieved
Iron ore Mining M.T.s 758,306 673,397 13% 559,070 36% 2,312,888 33%
Iron ore Pellets - GPIL M.T.s 667,350 613,000 9% 602,850 11% 2,399,500 28%
Sponge Iron M.T.s 161,001 67,787 138% 143,542 12% 494,982 33%
Steel Billets M.T.s 93,470 42,875 118% 115,240 -19% 327,050 29%
M.S. Rounds/TMT M.T.s 46,385 26,640 74% 63,931 -27% 223,268 21%
H.B. Wires M.T.s 8,695 3,441 153% 17,355 -50% 36,046 24%
Ferro Alloys - GPIL M.T.s 3,853 3,513 10% 4,358 -12% 16,152 24%
Ferro Alloys - HFAL M.T.s 10,228 12,089 -15% 11,083 -8% 47,504 22%
Ferro Alloys - Alok Ferro M.T.s 3,145 3,046 3% 3,898 -19% 14,257 22%
Galvanized Fabricated Products M.T.s 18,082 18,571 -3% 10,076 79% 53,996 33%
Power Generation (Incl JP from 7.6.22) Units (Cr) KWH 13 8 61% 14 -7% 43 29%
Power Generation - HFAL Units (Cr) KWH 4 6 -40% 7 -47% 26 14%
Power Generation - Alok Ferro Units (Cr) KWH 2 2 1% 2 -13% 6 24%
 Detailed Sales Volume Summary

Description of Goods M.T./ KWH Q1FY23 Q4FY22 QoQ (%) Q1FY22 YoY (%) FY22 % Achieved

Iron Ore Pellet - GPIL M.T.s 410,667 508,187 -19% 388,937 6% 1,664,030 25%

Sponge Iron M.T.s 50,262 21,641 132% 5,378 835% 126,371 40%

Steel Billets M.T.s 43,942 16,652 164% 34,174 29% 91,486 48%

M.S. Round/ TMT Bar M.T.s 36,009 32,333 11% 29,414 22% 192,942 19%

H.B. Wire M.T.s 8,531 3,794 125% 17,303 -51% 36,572 23%

Ferro Alloys - GPIL M.T.s 3,286 2,894 14% 3,502 -6% 13,385 25%

Ferro Alloys - HFAL M.T.s 11,807 10,647 11% 11,056 7% 45,066 26%

Ferro Alloys - Alok Ferro M.T.s 3,746 2,505 50% 4,974 -25% 14,177 26%

Galvanized Fabricated Product M.T.s 16,593 21,628 -23% 8,138 104% 53,125 31%
 Detailed Realisation Summary
(Ex plant realisation excluding export freight and expenses)

Description of Goods INR per Unit Q1FY23 Q4FY22 QoQ (%) Q1FY22 YoY (%) FY22

Iron Ore Pellet - GPIL INR/M.T.s 11,596 11,905 -3% 13,942 -17% 12,390

Sponge Iron INR/M.T.s 34,457 34,862 -1% 28,693 42% 31,746

Steel Billets INR/M.T.s 53,076 47,252 12% 41,292 29% 43,427

M.S. Round/ TMT Bar INR/M.T.s 55,030 47,805 15% 46,158 19% 48,092

H.B. Wire INR/M.T.s 57,551 49,329 17% 47,003 22% 47,981

Ferro Alloys - GPIL INR/M.T.s 95,222 104,997 -9% 87,811 8% 98,222

Ferro Alloys - HFAL INR/M.T.s 114,075 105,061 9% 85,368 34% 101,411

Ferro Alloys - Alok Ferro INR/M.T.s 102,170 91,525 12% 83,402 23% 90,202

Galvanized Fabricated Product INR/M.T.s 85,258 80,480 6% 73,000 17% 79,138

Shareholding Pattern as on 30th June 2022
Shareholding Pattern Break up of Shareholding Pattern

Public Shareholding No of Shares % of Total Sh.

Institution 3345635 2.37

Non Institution 42455941 30.13

32.50%
Total 45801576 32.50

Promoter Shareholding No of Shares % of Total Sh.

67.50%
Pledge 0 0

Free 95143412 67.50

Total 95143412 67.50

Promoter Public
Board of Directors
Mr. Shashi Kumar (Chairman & Mr. BL Agarwal (Managing
Independent Director) Director)
4+ decades of experience; B.Sc. In 1st generation entrepreneur with
Mining Engineering; Advisor to almost 4 decades of experience;
NTPC, IFFCO & Chhattisgarh Power Graduated as an electronic; started
ltd. Former Chairman of Coal India GPIL
Ltd.

Mr. Dinesh Agrawal (Executive Mr. Siddharth Agrawal

Director) (Executive Director)
2+ decades of association with GPIL; MBA with over 10 years of
2nd generation entrepreneur; experience in various competencies
Electrical Engineer; Overseeing especially in Solar Power.
setting up of captive power plant

Mr Abhishek Agarwal Mr. Dinesh Gandhi

(Executive Director) (Executive Director)
2nd generation entrepreneur; 3 decades of experience in
Masters in International Business Accounts, Finance & Project
from Leeds University, Started pellet Financing; Chartered Accountant
plant in GPIL and Company Secretary.
Board of Directors

Mr. Vinod Pillai (Non-Executive Mr. B N Ojha (Independent

Director) Director)
Bachelor of Electrical Engineering
2 decades of experience in Sales, from BIT Sindari with over 4
Administration, Liaison & Logistics; decades of experience; Member of
Commerce graduate; Export Committee, Department of
Atomic Energy, Govt of India.
Former ED (Operations) in NTPC.

Mr. Harishankar Khandelwal Ms. Bhavna G. Desai (Woman

(Independent Director) Independent Director)
Almost 3 decades of experience in
Over 2 decades of capital market
corporate planning & strategy,
experience; Bachelor of Commerce
financial analysis, budgeting etc.
from University of Mumbai
Chartered accountant by profession
 Hira Ferro Alloys Limited
Hira Ferro Alloys ltd is a manufacturer of ferro alloys

Products Capacity

Ferro Alloys 60,500 TPA

Captive Thermal Power 20 MW

Bio Mass (IPP) 8.5 MW

Wind Power (IPP) 1.5 MW

Near Term Growth Triggers:

o Asset optimisation: Production capacity increasing over last few quarters
o Cost Optimisation: 60 MW captive solar PV plant to replace grid power; Power cost saving of INR 3/unit
Growth Strategy Clearly Outlined

What We Are What We Wish to Be

• Amongst India’s best mid- • Carbon neutral in steel
sized steel companies (by production – increase
Sustainable
product quality, margins, Most Profitable renewable energy
material efficiency, asset consumption; improve energy
utilisation and worker efficiency through use of high
productivity) grade iron ore

• Strong Balance Sheet, with • Play on competitive strength –

zero long-term debt Most Profitable,
increase production of iron
Debt Free
ore; beneficiate low grade iron
• Attractive credit-rating A+. ore.

• Enhance multi-year revenue

and EBIDTA visibility.

Continue to generate substantial shareholders value.

GPIL Standalone – Past Operational Performance at a Glance...
Trend of Iron Ore Mining (mt) Trend of Pellet Production (mt)
2,399,500
2,312,888
1,933,250
1,547,384 2,256,550
1,999,150
1,841,050
1,699,920
1,579,693 1,657,629 1,580,850
1,532,200 1,495,100
326,358 1,175,090
902,550
693,612 657,328 619,620
444,695
FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22

Trend of Sponge Iron Production (mt) Trend of Captive Power Generation

(kwh in Cr)
494982
460,008
491,652 494,991
439,139 494,955 48
434,538 47 46
381,059 43 43 44 44 44 43
371,784 40
293,887

FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22

GPIL Standalone – Past Operational Performance at a Glance...
Trend of Steel Production (mt) Trend of Slico Managanese (mt)

350,865 16152
344,610 327050 14,178
298,418 13,70013,13613,772
188,190
11,11611,403 10,537 10,517
227,581
204,162 197,596 9,434
185,021 177,970

FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22

MS Rounds Production (mt) HB Wire Production (mt)

134,559
261,961
130,807
223268 116,555
183,187
181,987 101,101 97,698
94,66790,575
142,101 78,145 77,894
109,984
93,29094,786 95,965
75,573
36046
FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22
FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 FY 21 FY22
 Past Sales Realisations
Iron ore Pellet Sponge Iron

12,390 34,457
11,596 31,746

9,017 8,607
7,872 7,798 20,964 20,645
6,809 7,091 19,736
18,277 18,934 16,897
16,678
5,067 5,365
13,310 12,383
4,360

FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 Q1FY23 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 Q1FY23

Steel Billets

53,076

43,427

31947 33,072 33,545

28,681 29,493 27,720 28,590
22,689 21,830

FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 Q1FY23

 Past Sales Realisations
M.S. Round H.B. Wire
55,030

57,551
48,092
47,981
38,740 37,335
35,373 33,327 28,063 40,666
33,265 33,409 32,460 38,332 36,169 36,898
34,015 35,182
27,034 34,683
26,330 28,080

FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 Q1FY23 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 Q1FY23

Silico Manganese

98,222 95,222

67,611
64,632 63,898 63,186
53,783 53,365 52,696
51,665 43,139

FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY19 FY20 FY21 FY22 Q1FY23

 GPIL Consolidated – Historical Profit & Loss
All figures in INR Mn

Particulars FY22 FY21 FY20 FY19 FY18

Net Sales 53,992 39,576 32,885 33,216 25,274

Total Expenses 35,350 28,206 26,643 25,323 19,305

Other Income 294 34 47 58 87

EBITDA 18,642 11,370 6,289 7,952 6,056

EBITDA Margin (%) 35% 29% 19% 24% 23%

Depreciation 1,047 1,090 1,369 1,329 1,318

Finance Costs 197 1,150 2119 2526 2633

PBT 19,331 9,465 2,801 4,097 2,104

Tax 4,512 3,071 954 1529 -64

PAT 14,813 6,267 1,744 2,607 2,147

 GPIL Consolidated – Historical Balance Sheet All figures in INR Mn

Particulars FY22 FY21 FY20 FY19 FY18

Net Worth 34,422 21,080 15,026 13,364 10,837
Non‐Controlling Interest 1,298 724 1,773 1,672 1,604
Debt
Long Term Debt 101 7,711 14,645 16,431 18,730
Short Term Debt 4,183 1,254 1,604 1,393 1,344
Other Long Term Liabilities 2,026 1,874 605 127 103
Current liabilities
Accounts Payable 5,296 1,939 1,783 2,030 1,611
Other Current Liabilities 2,871 878 1,153 1,766 1,892
Total Liabilities and Equity 48,899 34,736 34,815 35,111 34,517
Non Current Assets
Net Fixed Assets 20,556 20,571 24,068 23,790 24,355
Other Long Term Assets 4,533 3,975 1,415 1,471 2,081
Current Assets
Inventory 8,736 5,037 5,574 6,164 4,323
Accounts Receivable 3,499 2,752 1,768 1,669 1,558
Loans and Advances and Other Current Assets 5,828 1,887 1,700 1,628 1,678
Cash and Cash Equivalents (Including bank balances) 5,747 514 290 389 522
Total Application of Funds 48,899 34,736 34,815 35,111 34,517
 Thank You
Investor Relations Contact: Company Contact:
Sana Kapoor Sheetal Khanduja Sanjay Bothra YC Rao
Go India Advisors Go India Advisors sanjay.bothra@hiragroup.com Yarra.rao@hiragroup.com
sana@GoIndiaAdvisors.com sheetal@GoIndiaAdvisors.com Godawari Power and Ispat Ltd. Godawari Power and Ispat Ltd.
M:+91 81465 50469 M:+91 97693 64166 M: +91 98939 00152 M:+91 9630038861