NMDC Ltd — Investor Presentation 2019

Nov 11, 2019

~~it~ R:t~~s NMDC Limited

("IT«f ~ CfiT )(A GOVT. OF INDIA ENTERPRISE) ~ Cf>llliC'tll: · 'qq.'I', 10-3-311~, . . C:!lIC:- 500 028. Regd. Office : 'Khanij Bhavan' 10-3-311/A, Castle Hills, Masab Tank, Hyderabad - 500 028. m ~~ICorporate Identity Number: L 13100AP1958 GOI 001674

No. 18( 1 )/2019- Sectt 11 th November 2019

1) The BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street, Mumbai- 400001	2) National Stock Exchange of India Ltd.,Exchange Plaza, C-1, Block G,Bandra Kurla Complex,Bandra (E), Mumbai - 400 051
3) The Calcutta Stock ExchangeLimited, 7, Lyons Range,Kolkata - 700001

Dear Sir I Madam,

• Sub: Corporate Investors Presentation on Company's Performance in the FY 2019-20 (Hl)-Reg
• Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; Security ID: NMDC

Reference the c aptioned subject, kindly note that Corporate Investors Presentation on Company's Performance in the FY 2019-20 (Hl) has been uploaded on NMDC website, a copy of which is enclosed herewith for kind reference.

Please take note of the above information.

Thanking you

Yours faithfully,

A S Pardha Saradhi Company Secretary

Encl: As above

NMDC Limited

Investor Presentation - FY'20 (H1)

Disclaimer

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This presentation is issued by NMDC Limited (the "Company") for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person and does not constitute any recommendation or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any seurities of the Company, nor shall it or any part of this presentation is intended by the Company to be construed as legal, accounting or tax advice.

This presentation has been prepared by the Company based upon information available in the public domain. This presentation has not been approved and will not or may not be reviewed or approved by any statutory or regulato

This presentation contains certain forward-looking statements relating to the business, financial performance, strategy and results of the Company and/or the industry in which it operates. Forward-looking statements are st significantly from any anticipated development. Neither the Company nor its affiliates or advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person's officers or employees gua Presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation. As a result, the Company expressly disclaims any obligation or current and the second sections to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward looking statements are based.

The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage for the contents of this document including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this document in contained in this presentation is current, and if not stated otherwise, made as of the date of this presentation. The Company undertake no obligation to update or revise any information in this presentation as a result of new information, future events or otherwise. Any person/ party intending to provide finance/ invest in the shares/ businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision.

This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction and directly or indirectly, in the United States. The distribution of this document in certain jurisdictions may be restricted by law and persons in to whose possession this presentation comes should inform themselves about an permitted under the laws of your jurisdiction to receive this presentation or (ii) you are located in the United States and are a "qualified institutional buyer" (as defined in Rule 144A under the Securities Act of 1933, a amended (the "Securities Act").

This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Company in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under the Securities Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Company's securities have not been and will not be registered under the Securities Act.

Operating Metrics for H1 - FY' 20

lronOre - Physical Financial Value metrics metrics creation

Production +10% Revenue +13% Earning Per Share

39.30 LT (22.26121% (18%)

134.33 LT (122.38) Rs. 5505 er (Rs..4860cr) Rs. 6.15 (Rs..5.09) @Avg. Realization of Rs. 3735/ton (Not Annualized) (3556/ton) of Iron Ore

144.85 LT (134.84) EBIDTA +8% Rs. 90.9 (Rs..82.~ Rs. 3177 er (Rs..2939cr) Return on Equity

Export sales PBT +7% 7% (6%) 11.19 LT (NIL) Rs. 2993 er (Rs..2790cr)

PAT +17% Employed KIOM Sales +77% Rs. 1883 er (Rs.1612cr)

Book Value per Share Sales +7%

(Not Annualized)

Return on Capital

(Not Annualized)

Performance of H1 (FY 20) on H1 (FY 19)

Particulars	2019-20 (Hl)	2018-19 {Hl)	Variance	{%)
Iron Ore Production {LT)	134.33	122.38	11.95	10
Iron Ore Sales (LT)	144.85	134.84	10.01	7
Ave rage Sales Realisation (Rs./Ton)	3,735	3,556	179	5
Financials (Rs. Crore)
Iron ore Sales	5,411	4,795	616	13
Revenue from Operations	5,505	4,860	645	13
Interest Income	177	198	{21)	(11)
Other Income	74	58	16	28
Total Income	5,756	5,116	640	13
Total Expenses	2,762	2,326	436	19
EBITDAEBITDA Margin (%)	3,177(58%)	2,939(60%)	238	8
Profit Before Tax	2,993	2,790	203	7
Profit After Tax	1,883	1,612	271	17

Performance of Q2 (FY 20) on Q2 (FY 19)

Particulars	2019-20 (Q2)	2018-19 (Q2)	Variance	(%)
Iron Ore Production (LT)	50.05	52.63	(2.58)	(5)
Iron Ore Sales (LT)	58.16	67.06	(8.90)	(13)
Average Sales Realisation (Rs./Ton)	3,780	3,576	204	$6\phantom{.}6$
Financials (Rs. Crore)
Iron ore Sales	2,198	2,398	(200)	(8)
Revenue from Operations	2,242	2,438	(196)	(8)
Interest Income	92	102	(10)	(10)
Other Income	35	29	6	21
Total Income	2,369	2,569	(200)	(8)
Total Expenses	1,289	1,256	33	3
EBITDAEBITDA Margin (%)	1,188(53%)	1,390(57%)	(202)	(15)
Profit Before Tax	1,080	1,313	(233)	(18)
Profit After Tax	703	636	67	11

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Performance of Q2 (FY 20) on Q1 (FY 20)

$\label{eq:2.1} \gamma_{\rm c} = \gamma_{\rm c} = \frac{1}{2} \frac{F}{\hbar \alpha}$

Particulars	2019-20 (Q2)	2019-20 (Q1)	Variance	(%)
Iron Ore Production (LT)	50.05	84.28	(34.23)	(41)
Iron Ore Sales (LT)	58.16	86.69	(28.53)	(33)
Average Sales Realisation (Rs./Ton)	3,780	3,705	75	$\overline{2}$
Financials (Rs. Crore)
Iron ore Sales	2,198	3,212	(1,014)	(32)
Revenue from Operations	2,242	3,264	(1,022)	(31)
Interest Income	92	84	8	10
Other Income	35	39	(4)	(10)
Total Income	2,369	3,387	(1,018)	(30)
Total Expenses	1,289	1,474	(185)	(13)
EBITDAEBITDA Margin (%)	1,188(53%)	1,989(61%)	(801)	(40)
Profit Before Tax	1,080	1,913	(833)	(44)
Profit After Tax	703	1,179	(476)	(40)

Iron Ore Production Trend

Iron Ore Sales Trend

Average Basic Domestic Price of Iron Ore

Major Investment in Subsidiaries, JVs & Associates

Details of Top 25 Shareholders as on 01-11-2019

SI. No.	Shareholder	No. of Shares	% Holding
1	PRESIDENT OF INDIA	2213035712	72.28
2	LIFE INSURANCE CORPORATION OF INDIA	394591074	12.89
3	ADITYA BIRLA SUN LIFE TRUffiE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE NIFTY NEXT 50 ETF	28835136	0.94
4	EDGBASTON ASIAN EQUITY TRUST	24077360	0.79
s	LICI NEW ENDOWMENT PLUS-GROWTH FUND	20295358	0.66
6	VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	12244901	0.40
7	STATE BANK OF INDIA	11680466	0.38
8	VANGUARD EMERGING MARKETS STOCK INDEX FUND.SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	11305586	0.37
9	CANARA BANK-MUMBAI	10772388	0.3S
10	THE NEW INDIA ASSURANCE COMPANY LIMITED	10466508	0.34
11	NPS TRUST- A/C SBI PENSION FUND SCHEME - CENTRAL GOVT	8647138	0.28
12	THE EDGBASTON ASIAN EQUITY (JERSEY) TRUST	7319562	0.24
13	NATIONAL INSURANCE COMPANY LTD	7200721	0.24
14	SEB EMERGING MARKET5FOND	6735320	0.22
lS	UNITED INDIA INSURANCE COMPANY LIMITED	6566033	0.21
16	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	6038545	0.20
17	LSV EMERGING MARKETS EQUITY FUND LP	5991200	0.20
18	PGGM WORLD EQUITY B. V.	5259154	0.17
19	BANK OF INDIA	4898396	0.16
20	WISDOMTREE INDIA INVESTMENT PORTFOLIO, INC.	4803010	0.16
21	ROBECO CAPITAL GROWTH FUNDS - ROBECO QI EMERGING CONSERVATIVE EQUITIES	4516971	0.15
22	THE ORIENTAL INSURANCE COMPANY LIMITED	4352S51	0.14
23	MAX LIFE INSURANCE COMPANY LIMITED A/C - ULIF00625/11/05PENSBALANC104 - PENSION BALANCED FUND	4005367	0.13
24	SES ASIENFOND EX JAPAN	3780010	0.12
25	AUSTRALIANSUPER	3625400	0.12
	TOTAL	2821043867	92 1~