NMDC Ltd — Investor Presentation 2025

May 27, 2025

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No. SEA2025014 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001 Scrip Code - 526371	No. SEA2025014 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001 Scrip Code - 526371		27th May 2025
	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 and financial year ended on 31[st] March 2025.

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 and financial year ended on 31[st] March 2025 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

Thanking you,

Yours faithfully,

for NMDC Limited

PRAVIN Digitally signed by PRAVIN SHEKHAR SHEKHAR Date: 2025.05.27 20:25:14 +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 NMDC Limited Financial Results Financial Results FY 2024-25 FY 2024-25

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26.05.2025

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

(Q4 v/s Q4 CPLY) Physical Performance in FY25

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133.07
1%
Production (LT)
CPLY: 132.40 LT
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126.68
1%
Sales (LT)
CPLY: 125.41 LT
(Previous best)
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3

(Q4 v/s Q4 CPLY) Financial Performance in FY25

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Revenue from operation 7%
(INR Cr)
6,953
CPLY:6,475
Previous Best: 6,848 INR Cr in Q4 FY’21
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EBITDA 1%
(INR Cr)
2,538
CPLY:2,554
Best Ever: 4,330 INR Cr in Q4 FY’21
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Average Sales Realization 2%
(Rs / T)
5,007
CPLY:5,125
Best Ever: 6,138 INR/T in Q4 FY’21
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PBT 3%
Before exceptional item (INR Cr)
2,351
CPLY:2,435
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Best Ever: 4,267 INR Cr in Q4 FY’21

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PBT 2%
After exceptional item (INR Cr)
2,351
CPLY:2,405
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PAT (INR Cr) 2%
1,496
CPLY:1,462
Best Ever: 2,838 INR Cr in Q4 FY’21
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4

Performance of FY25 (Q4) v/s FY24 (Q4)

Financials Rs. Crore

Particulars	2024-25 (Q4)	2023-24 (Q4)	Variance	(%)
Iron Ore Production (LT)	133.07	132.40	0.67	1%
Iron Ore Sales (LT)	126.68	125.41	1.27	1%
Average Domestic Realisation (Rs./T)	5,007	5,125	(118)	(2%)
Iron ore Sales	6,343	6,427	(84)	(1%)
Revenue from Operations	6,953	6,475	478	7%
Interest Income from Deposits with Banks	245	242	3	1%
Other Income	245	175	70	40%
Total Income	7,444	6,893	551	8%
Royalty & Other Levy	1,359	1,443	(84)	(6%)
Additional Amount (Premium)	1,541	1,626	(85)	(5%)
Operational Expenses	2,210	1,733	477	27%
Stock Adjustment	(17)	(344)	327	(95%)
Total Expenses (including discontinued operations)	5,093	4,458	635	14%
EBITDA & Margin (%)	2,538 (37%)	2,554 (39%)	(16)	(1%)
Profit Before Tax and exceptional item	2,351	2,435	(84)	(3%)
Exceptional expenditure	-	(30)	30	(100%)
Profit Before Tax and after exceptional item	2,351	2,405	(54)	(2%)
Profit After Tax	1,496	1,462	34	2%

5

(12M v/s 12M CPLY) Physical Performance in FY25

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2nd Best
440.72
2%
Production (LT)
CPLY: 450.22 LT
(Best Ever)
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2nd Best
444.04
0.17%
Sales (LT)
CPLY: 444.81 LT
(Best Ever)
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6

Financial Performance in FY25

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Revenue from Operations (INR Cr)
23,668
21,294
11%
2 [nd]
Best
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Best Ever: 25,965 INR Cr in FY’22

EBITDA (INR Cr)

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9,847
8,709
13%
Best Ever: 13,348 INR Cr in FY’22
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Avg Sales Realisation (Rs/T)

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5,135
4,732
9%
2 [nd]
Best
Best Ever: 6,302 INR/T in FY’22
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PBT (INR Cr)
Before exceptional item (INR Cr)
9,296
8,294
12%
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Best Ever: 13,022 INR Cr in FY’22

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PBT (INR Cr)
After exceptional item (INR Cr)
9,296
8,012
16%
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PAT (INR Cr)
6,693
5,632
19%
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Best Ever: 9,448 INR Cr in FY’22

7

FY’24

FY’25

Financials Rs. Crore

Per ormance o FY2 v s FY2 f f 5 / 4

Particulars	2024-25 (12M)	2023-24 (12M)	Variance	(%)
Iron Ore Production (LT)	440.72	450.22	(10)	(2%)
Iron Ore Sales (LT)	444.04	444.81	(1)	0%
Average Domestic Realisation (Rs./T)	5,135	4,732	403	9%
Iron ore Sales	22,803	21,049	1,754	8%
Revenue from Operations	23,668	21,294	2,374	11%
Interest Income from Deposits with Banks	1,019	921	98	11%
Other Income	571	434	137	32%
Total Income	25,259	22,649	2,610	12%
Royalty & Other Levy	4,534	4,319	215	5%
Additional Amount (Premium)	5,172	4,895	277	6%
Operational Expenses	6,174	5,207	967	19%
Stock Adjustment	82	(66)	148	(224%)
Total Expenses (including discontinued operations)	15,962	14,355	1,607	11%
EBITDA & Margin (%) before exceptional item	9,847 (42%)	8,709 (41%)	1138	13%
PBT before exceptional item	9,296	8,294	1,002	12%
Exceptional item	-	(282)	282	(100%)
PBT after exceptional item	9,296	8,012	1,284	16%
Profit After Tax	6,693	5,632	1,061	19%

8

Performance of FY25 (Q4) v/s FY25 (Q3) Financials Rs. Crore

Particulars	2024-25 (Q4)	2024-25 (Q3)	Variance	(%)
Iron Ore Production (LT)	133.07	132.91	0.16	0.12%
Iron Ore Sales (LT)	126.68	119.36	7	6%
Average Domestic Realisation (Rs./T)	5,007	5,361	(354)	(7%)
Iron ore Sales	6,343	6,399	(56)	(1%)
Revenue from Operations	6,953	6,531	422	6%
Interest Income	245	266	(21)	(8%)
Other Income	245	108	137	127%
Total Income	7,444	6,905	539	8%
Royalty & Other Levy	1,359	1,404	(45)	(3%)
Additional Amount (Premium)	1,541	1,628	(87)	(5%)
Operational Expenses	2,210	1,582	628	40%
Stock Adjustment	(17)	(339)	322	(95%)
Total Expenses (including discontinued operations)	5,093	4,275	818	19%
EBITDA & Margin (%)	2,538 (37%)	2,783 (43%)	(245)	(9%)
Profit Before Tax	2,351	2,630	(279)	(11%)
Profit After Tax	1,496	1,944	(448)	(23%)

9

Quarterly Iron Ore Production Trend

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140.00 132.40 132.91 133.07
122.23
120.00
107.03
100.00 91.89
88.56
82.85
80.00
60.00
40.00
20.00
-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2023-24 2024-25
KDL 37.72 29.03 41.82 54.48 31.47 26.26 48.08 48.89
BCH 36.07 26.33 43.61 54.53 26.80 24.78 47.26 46.55
DIOM 14.13 13.06 14.99 14.45 10.87 12.69 15.57 16.59
KIOM 19.10 20.14 21.80 8.93 22.76 19.12 22.00 21.04
TOTAL 107.03 88.56 122.23 132.40 91.89 82.85 132.91 133.07
Qty in LT
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10

Quarterly Iron Ore Sales Trend

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125.41 126.68
119.36
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 Q3 Q4
2023-24 2024-25
KDL 39.46 32.11 41.76 44.00 36.33 33.52 42.54 44.01
BCH 39.00 29.13 40.10 47.75 36.97 31.63 42.70 40.39
DIOM 14.95 13.27 14.47 14.21 11.53 12.68 14.55 17.14
KIOM 16.34 21.19 17.61 19.44 15.9 19.44 19.56 25.14
TOTAL 109.75 95.71 113.94 125.41 100.73 97.27 119.36 126.68
Qty in LT
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Qty in LT
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11

Average Domestic Price of Iron Ore (Overall)

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7,000
6,000
5,304 5,361
5,125
4,850 4,852
4,679
5,000 5,007
4,146
4,000
3,000
2,000
1,000
-
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2023-24 2024-25
LUMP 5,521 4,839 5,651 6,212 6,372 5,596 6,372 6,037
FINES 4,511 3,757 4,134 4,626 4,842 4,478 4,783 4,344
AVG 4,850 4,146 4,679 5,125 5,304 4,852 5,361 5,007
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12

Details T 2 Shareholders as on 1- -202 of op 5 3 03 5

Sl. No.	Shareholder	No. of Shares	% Holding
1	PRESIDENTOF INDIA	5344900713	60.79
2	LIFE INSURANCE CORPORATIONOF INDIA	488273121	5.55
3	SBICONTRA FUND	93299084	1.06
4	ADITYA BIRLASUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLASUN LIFE MANUFACTURINGEQUITY FUND	77875809	0.89
5	MIRAE ASSET NIFTY MIDCAP 150ETF	62927522	0.72
6	UTI LARGE&MIDCAP FUND	51416951	0.58
7	VANGUARD TOTAL INTERNATIONALSTOCK INDEX FUND	48354279	0.55
8	ICICI PRUDENTIAL LIFE INSURANCECOMPANY LIMITED	45719263	0.52
9	VANGUARD EMERGINGMARKETS STOCK INDEX FUND,ASERIES OF VANGUARD INTERNATIONAL EQUITY INDEX FUNDS	43366419	0.49
10	SBI LIFE INSURANCECO. LTD	39370263	0.45
11	EDELWEISSNIFTY500MULTICAP MOMENTUMQUALITY50ETF	38918007	0.44
12	QUANT MUTUAL FUND -QUANT MIDCAP FUND	37242000	0.42
13	ICICI PRUDENTIAL MANUFACTURINGFUND	34843967	0.4
14	BANDHAN MULTI ASSET ALLOCATION FUND	30699869	0.35
15	NIPPON LIFE INDIA TRUSTEE LTD-A/CNIPPON INDIAGROWTH FUND	30240419	0.34
16	MIRAEASSET MIDCAP FUND	29357121	0.33
17	GOVERNMENT OF SINGAPORE	27600651	0.31
18	ISHARES COREMSCIEMERGING MARKETSETF	27249990	0.31
19	VANGUARDFIDUCIARY TRUST COMPANY INSTITUTIONALTOTALINTERNATIONALSTOCK MARKET INDEX TRUST II	24645104	0.28
20	WISDOMTREEINDIA INVESTMENT PORTFOLIO, INC.	23867385	0.27
21	DSPEQUITY SAVINGS FUND	23341696	0.27
22	KOTAK MAHINDRA TRUSTEECOLTDA/C KOTAK NIFTY MIDCAP150 MOMENTUM 50 INDEX FUND	22593028	0.26
23	TATA NIFTY MIDCAP150 MOMENTUM 50 INDEX FUND	22533901	0.26
24	ARTEMIS SMARTGARP GLOBAL EMERGING MARKETSEQUITY FUND	20820000	0.24
25	ISHARES MSCI INDIAETF	20609157	0.23
	Total:	5344900713	60.79

8

Major Investment in Subsidiaries, JVs & Associates

JKMDC (*) 95.86%

KVSL (100%) Rs. 0.10 cr

NCL (51%), BRPL (52%) NCF Rs. 98.35 cr, Rs. 152.67 cr, Rs 2 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 (93.17%), Rs. 443.34 cr

(*) Investment derated

Total Investments - Rs. 1,115.34 crore

Map is for general reference purpose only

9

Investment in co-operative society – Rs 0.02 cr

NMDC Mines India Shines

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#Ispati Irada