NMDC Ltd — Investor Presentation 2024

Nov 11, 2024

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No.18(5)/NMDC/2024-Sectt.	No.18(5)/NMDC/2024-Sectt.	11th November, 2024
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai —400001 Scrip Code - 526371	National Stock Exchange of India Limited Exchange Plaza, C- 1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai —400051 Scrip Code - NMDC	The Calcutta Stock Exchange Limited 7, Lyons Range, Murgighata, Dalhousie, Kolkata — 700001 Scrip Code - 24131

Dear Sir / Madam,

• Sub. : Corporate Investors’ Presentation on Company's Performance for the quarter ended 30[th] September 2024.

• Ref. : Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

_____________

Reference the captioned subject, kindly note that Corporate Investors’ Presentation on Company's Performance for the quarter ended 30[th] September 2024 is enclosed herewith for kind reference.

The above information is also available on the Company's website on following link https://www.nmdc.co.in/investors/investor-news

Please take the same on record.

Thanking you.

Yours faithfully, for NMDC Limited

PRAVIN Date: 2024.11.11 SHEKHAR 17:48:29 +05'30'

(Pravin Shekhar)

Company Secretary & Compliance Officer

Encl: as above.

_______________ दूरभाष /Phones: 040-235387 13-21 (9 Lines), 23538723, 23538767 फै� /Fax: +91-40-23538711 ई - मेल E-mail: hois@nmdc.co.in वेबसाइट Website: www.nmdc.co.in

NMDC Limited Financial Results FY 2024-25 (H1)

11.11.2024

Disclaimer

• 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 securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation does not solicit any action based on the material contained herein. Nothing in 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 regulatory authority in India or by any Stock Exchange in India. This presentation may include statements which may constitute forward-looking statements. The actual results could differ materially from those projected in any such forward-looking statements because of various factors. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise.

• 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 statements concerning future circumstances and results, and any other statements that are not historical facts, sometimes identified by the words "believes", "expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including those cited from third party sources, contained in this presentation are based on numerous assumptions and are uncertain and subject to risks. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ 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 guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this 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 undertaking to release any update or revisions 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 suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, 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 or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. Past performance is not a guide for future performance. The information 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 may constitute a violation of the applicable securities laws. This presentation is not intended for distribution or publication in the United States. Neither this document nor any part or copy of it may be distributed, 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 and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that (i) you are located outside the United States and you are 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, as 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 be 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.

2

(Q2 v/s Q2 CPLY) Physical Performance in FY25

82.85

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Production (LT) CPLY : 88.56 LT (Best ever)

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97.27
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Sales (LT)

CPLY: 95.71 LT (Previous best)

3

(Q2 v/s Q2 CPLY) Financial Performance in FY25

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4,807 1,801 4,852
CPLY:4,014 CPLY:1,514 CPLY:4,146
Best Ever: 6,794 INR Cr in Q2 FY’22 Best Ever: 3,203 INR Cr in Q2 FY’22 Best Ever: 7,443 INR/T in Q2 FY’22
PBT (INR Cr) 20% PAT (INR Cr) 23%
1,687 1,269
CPLY:1,407 CPLY:1,028
Best Ever: 3,142 INR Cr in Q2 FY’22 Best Ever: 2,341 INR Cr in Q2 FY’22
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4

Performance of FY25 (Q2) v/s FY24 (Q2)

Performance of FY2(Q2) v/s FY2(Q2)	Performance of FY2(Q2) v/s FY2(Q2)	Performance of FY2(Q2) v/s FY2(Q2)	Performance of FY2(Q2) v/s FY2(Q2)	Performance of FY2(Q2) v/s FY2(Q2)
5 4 Financials Rs. Crore
Particulars	2024-25 (Q2)	2023-24 (Q2)	Variance	(%)
Iron Ore Production (LT)	82.85	88.56	(5.71)	(6%)
Iron Ore Sales (LT)	97.27	95.71	1.56	2%
Average Domestic Realisation (Rs./T)	4,852	4,146	706	17%
Iron ore Sales	4,720	3,968	752	19%
Revenue from Operations	4,807	4,014	793	20%
Interest Income from Deposits with Banks	263	246	17	7%
Other Income	97	75	22	29%
Total Income	5,167	4,335	832	19%
Royalty & Other Levy	823	705	118	17%
Additional Royalty	927	800	127	16%
Operational Expenses	1,250	1,144	106	9%
Stock Adjustment	480	280	200	71%
Total Expenses (including discontinued3 operations)	3,480	2,928	552	19%
EBITDA & Margin (%)	1,801 (37%)	1,514 (38%)	287	19%
Profit Before Tax	1,687	1,407	280	20%
Profit After Tax	1,269	1,028	241	23%

5

Performance in FY25 (H1 v/s H1 CPLY)

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Production (LT)
195.59
174.74
11%
Best
ever
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Previous Best: 176.78 LT in FY’22

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Sales (LT)
205.46
198.00
4%
Best
2 [nd]
ever
Best
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Avg Sales Realisation (Rs/T)

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5,082
4,522
2 [nd]
Best
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Best Ever: 7,125 INR/T in FY’22

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Revenue from Operations (INR Cr)
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10,184
9,409
2 [nd]
Best
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Best Ever: 13,306 INR Cr in FY’22

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PBT (INR Cr)
4,316
3,608
20%
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Best Ever: 7,405 INR Cr in FY’22

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PAT (INR Cr)
3,253
2,678
21%
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Best Ever: 5,534 INR Cr in FY’22

FY’25 FY’24

6

Performance of FY25 (H1) v/s FY24 (H1)

Performance of FY2(H1) v/s FY2(H1)	Performance of FY2(H1) v/s FY2(H1)	Performance of FY2(H1) v/s FY2(H1)	Performance of FY2(H1) v/s FY2(H1)	Performance of FY2(H1) v/s FY2(H1)
5 4 Financials Rs. Crore
Particulars	2024-25 (H1)	2023-24 (H1)	Variance	(%)
Iron Ore Production (LT)	174.74	195.59	(20.85)	(11%)
Iron Ore Sales (LT)	198.00	205.46	(7.46)	(4%)
Average Domestic Realisation (Rs./T)	5,082	4,522	560	12%
Iron ore Sales	10,062	9,291	771	8%
Revenue from Operations	10,184	9,409	775	8%
Interest Income from Deposits with Banks	507	431	76	18%
Other Income	218	170	48	28%
Total Income	10,909	10,010	899	9%
Royalty & Other Levy	1,770	1,790	(20)	(1%)
Additional Royalty	2,003	2,034	(31)	(2%)
Operational Expenses	2,382	2,222	160	7%
Stock Adjustment	438	356	82	23%
Total Expenses (including discontinued3 operations)	6,594	6,403	191	3%
EBITDA & Margin (%)	4,526 (44%)	3,790 (40%)	736	19%
Profit Before Tax	4,316	3,608	708	20%
Profit After Tax	3,253	2,678	575	21%

7

Performance of FY25 (Q2) v/s FY25 (Q1)

Performance of FY2(Q2) v/s FY2(Q1)	Performance of FY2(Q2) v/s FY2(Q1)	Performance of FY2(Q2) v/s FY2(Q1)	Performance of FY2(Q2) v/s FY2(Q1)	Performance of FY2(Q2) v/s FY2(Q1)
5 5 Financials Rs. Crore
Particulars	2024-25 (Q2)	2024-25 (Q1)	Variance	(%)
Iron Ore Production (LT)	82.85	91.89	(9.04)	(10%)
Iron Ore Sales (LT)	97.27	100.73	(3.46)	(3%)
Average Domestic Realisation (Rs./T)	4,852	5,304	(452)	(9%)
Iron ore Sales	4,720	5,342	(622)	(12%)
Revenue from Operations	4,807	5,378	(571)	(11%)
Interest Income	263	244	19	8%
Other Income	97	120	(23)	(19%)
Total Income	5,167	5,742	(575)	(10%)
Royalty & Other Levy	823	947	(124)	(13%)
Additional Royalty	927	1,076	(149)	(14%)
Operational Expenses	1,250	1,133	117	10%
Stock Adjustment	480	(41)	521	(1,271%)
Total Expenses (including discontinued3 operations)	3,480	3,114	366	12%
EBITDA & Margin (%)	1,801 (37%)	2,725 (51%)	(924)	(34%)
Profit Before Tax	1,687	2,628	(941)	(36%)
Profit After Tax	1,269	1,984	(715)	(36%)

8

Quarterly Iron Ore Production Trend

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132.40
122.23
107.03
91.89
88.56
82.85
Q1 Q2 Q3 Q4 Q1 Q2
2023-24 2024-25
KDL 37.72 29.03 41.82 54.48 31.47 26.26
BCH 36.07 26.33 43.61 54.53 26.80 24.78
DIOM 14.13 13.06 14.99 14.45 10.87 12.69
KIOM 19.10 20.14 21.80 8.93 22.76 19.12
TOTAL 107.03 88.56 122.23 132.40 91.89 82.85
Qty in LT
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9

Quarterly Iron Ore Sales Trend

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140.00
125.41
120.00 113.94
109.75
100.73
97.27
100.00 95.71
80.00
60.00
40.00
20.00
0.00
Q1 Q2 Q3 Q4 Q1 Q2
2023-24 2024-25
KDL 39.46 32.11 41.76 44.00 36.33 33.52
BCH 39.00 29.13 40.10 47.75 36.97 31.64
DIOM 14.95 13.27 14.47 14.21 11.53 12.68
KIOM 16.34 21.19 17.61 19.44 15.9 19.43
TOTAL 109.75 95.71 113.94 125.41 100.73 97.27
Qty in LT
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10

Average Domestic Price of Iron Ore (Overall)

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5,304
5,125
4,850
4,679
4,852
4,146
Q1 Q2 Q3 Q4 Q1 Q2
2023-24 2024-25
LUMP 5,521 4,839 5,651 6,212 6,372 5,596
FINES 4,511 3,757 4,134 4,626 4,842 4,478
AVG 4,850 4,146 4,679 5,125 5,304 4,852
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11

- Details T 2 Shareholders as on -202 of op 5 30 09 4

Sl. No.	Shareholder	No. of Shares	% Holding
1	PRESIDENT OF INDIA	1781633571	60.79
2	LICI ANNUITY NON-PAR	183920210	6.28
3	SBI ARBITRAGE OPPORTUNITIES FUND	32893202	1.12
4	PARAG PARIKH FLEXI CAP FUND	23606318	0.81
5	ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C - ADITYA BIRLA SUN LIFE NIFTY 200 MOMENTUM 30 ETF	21396587	0.73
6	VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND	15993933	0.55
7	VANGUARD EMERGING MARKETS STOCK INDEX FUND,A SERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	14910193	0.51
8	KOTAK EQUITY ARBITRAGE FUND	14360674	0.49
9	NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA GROWTH FUND	10640057	0.36
10	GOVERNMENT OF SINGAPORE	10569388	0.36
11	TATA MUTUAL FUND- TATA EQUITY P/E FUND	10122121	0.35
12	WISDOMTREE INDIA INVESTMENT PORTFOLIO,INC.	9246632	0.32
13	UTI NIFTY 200 MOMENTUM 30 INDEX FUND	9177334	0.31
14	BANDHAN MULTI CAP FUND	9123935	0.31
15	INVESCO INDIA ARBITRAGE FUND	9063000	0.31
16	ISHARES CORE MSCI EMERGING MARKETS ETF	9039290	0.31
17	EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC- EDELWEISS MID CAP FUND	8654185	0.3
18	SBI LIFE INSURANCE CO. LTD	8123421	0.28
19	VANGUARD FIDUCIARY TRUST COMPANY INSTITUTIONAL TOTAL INTERNATIONAL STOCK MARKET INDEX TRUST II	7977589	0.27
20	ISHARES MSCI INDIA ETF	7398942	0.25
21	ICICI PRUDENTIALQUANT FUND	7278540	0.25
22	PEOPLE'S BANK OF CHINA	6914886	0.24
23	ARTEMIS SMARTGARP GLOBAL EMERGING MARKETS EQUITY FUND	6230000	0.21
24	LSV EMERGING MARKETS EQUITY FUND LP	6167300	0.21
25	HDFC LIFE INSURANCE COMPANY LIMITED	6126708	0.21
	Total	2230568016	76.13

8

Major Investment in Subsidiaries, JVs & Associates

JKMDC (*) 95.86%

NCL (51%), BRPL (52%) NCF Rs. 98.35 cr, Rs. 152.67 cr, Rs 2 cr.

KVSL (100%) Rs. 0.10 cr

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Krishnapatnam Rly Co. Ltd (6.40%) Rs. 40.0 cr

ICVL (25.94%), Rs. 378.86 cr

Legacy Iron Ore (91.38%), Rs. 319.63 cr

(*) Investment derated

Total Investments - Rs. 991.65 crore

Map is for general reference purpose only

Chhattisgarh Mega Steel Ltd – Rs 0.01 cr, JNMDC – Rs 0.01 cr, Investment in co-operative society – Rs 0.02 cr

9

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Thank you
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NMDC Mines

#Ispati Irada