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Review of performan ce of 2011- 12 NMDC Limited Performance Highlights Q4 FY 2011-12 & FY 2011-12
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Review of performance of 2011-12

NMDC Limited Performance Highlights Q4 FY 2011-12 & FY 2011-12

Review of performance of 2011-12

Disclaimer The statements contained in the Presentation may be forward looking statements and progressive within the meaning of applicable laws and regulations. Actual results may vary from those expressed or implied, depending upon economic conditions, government policies and other incidental factors that may arise. Readers are cautioned not to place undue reliance on the forward looking statements.

Review of performance of 2011-12

PERFORMANCE HIGHLIGHTS* * * * * * * * Iron Ore Production : 272.60 LT (PY 251.55 LT) Iron Ore Sales : 273.01 LT (PY 263.15 LT) Profit before Tax : Rs 10759 Cr (PY Rs 9725 Cr) Profit after Tax : Rs 7265 Cr (PY Rs 6499 Cr) Value addition per employee: Rs 1.67Cr(PY Rs 1.59 Cr) Output per Manshift: 29.97 Tonnes (PY 27.73 Tonnes) Highest ever Dividend declared 450% of Share Capital. EPS has increased from Rs 16.39 to Rs 18.33 per Share. 8% 4% 11% 12% 5% 8%

Review of performance of 2011-12 Physical Performance2011-12PARTICULARS 1

2010-11 2011-126(2+3+4+5)

QTR I QTR II QTR III QTR IV2 3 4 5

QTR IV7

Inc/(Dec) of 6 2010-11 over 88 9

I. PRODUCTION:

(a) Iron Ore (lwmt) :(b) Diamonds (carats) (iii) Sponge Iron (tonnes) II. SALES: (a)Iron Ore (lwmt)Exports

61.621066 8658 0.7

69.92 71.456381 4866 10971 8631 2.07 1.08

69.615730 8977

272.6018043 37237 3.85

85.830 10981 9.93 74.30 84.23 2 12839

251.5510866 38962 25.63

21.057177 -1725 -21.78

- Domestic 67.97 Total Iron ore (b) Diamonds ( carats) (c ) Sponge Iron (tonnes) 68.67 0 8633

73.71 62.96 75.78 64.04 1142 4251

64.52 64.52 2692 7287

269.16 273.01 8085 33732

237.52 -31.64 263.15 9.86

18421 -10336 39775 -6043

10159 7653

Review of performance of 2011-12 Physical PerformancePRODUCTION

2011-12Q1 Q2 Q3 Q4 2011-12 Q1 Q2 Q3

2010-11Q4 2010-11

(LWMT)

Lump/CLO Fines Total : Lump : Fines ratio Pattern of Production

22.84 38.78 61.62

26.20 43.72 69.92

25.65 26.61 45.80 43.00 71.45 69.61

101.30 22.15 20.02 1271.3 35.43 25.83 0 272.60 57.58 45.85

23.86 38.42 62.28

32.63 53.21 85.84

98.66 152.89 251.55

37:6323%

37:6326%

36:64 38:6226% 25%

37:63 38:62 44:56100% 23% 18%

38:6225%

38:6234%

39:51100%

Review of performance of 2011-12 UNIT WISE PHYSICAL PERFORMANCE2011-12QTR I PRODN: QTR II QTR III QTR IV Year 2011-12 QTR IV Qty in LMT

2010-112010-11

KirandulBacheli DonimalaiTOTAL

26.95(30%)27.08(21%) 7.59(14%) 61.62(23%)

23.77(26%)31.92(25%) 14.23(25%) 69.92(26%)

22.28(25%)34.95(28%) 14.22(25%) 71.45(26%)

17.06(19%)32.50(26%) 20.05(36%) 69.61(25%)

90.06(33%)126.45(46% 56.09(21%) 272.60

35.81(42%)36.00(42%) 14.02(16%) 85.83

87.87(35%)121.32(48%) 42.36(17%) 251.55

SALES: Kirandul Bacheli Donimalai TOTAL 29.16(33%) 26.66(21%) 13.11(23%) 68.93(25%) 25.69(29%) 35.72(28%) 14.53(26%) 75.94(28%) 18.58(21%) 35.74(28%) 9.82 (17%) 64.14 23%) 16.55(17%) 30.09(23%) 18.04(33) 64.68 89.98(32%) 128.21(47%) 55.50(21%) 273.01 36.94(44%) 34.11(40%) 13.41(16%) 84.46 94.22(36%) 117.04(44%) 52.85 (20%) 264.11

Note :- Kirandul Sales includes 0.68 LMT and 0.96 LMT of despatches to SIU during current year & previous year.

Review of performance of 2011-12

Output per manshift3529.94

30 25 20 15 10 5 0

27.77

28.62

28.27 27.73

29.97

2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

Review of performance of 2011-12

Value added per employee160 140 120 100 80 60 40 20 0 2005-06 2006-07 2007-08 2008-09 2009-10 2010-1156.83 67.12 94.72 93.58 122.75 159.04

Review of performance of 2011-12

FINANCIAL PERFORMANCECurrent Year Particularsa) Sales Revenue b) Other income Total Income a) Cons. of raw material b) Cons. of stores & spares c) Changes in Inventories d) Employees cost e) Selling Expense & freight f) Depreciation g) Royalty h) Other expenses i) Exceptional Items Total Expenses Profit Before Tax Profit After Tax

Rs. in Crore

Previous Year Qtr. IV3770.12 440.72 4210.84 5.48 73.32 (41.43) 145.73 399.59 37.41 334.18 117.82 0.00 1072.10 3138.74 2098.62

Qtr. IV2595.01 546.34 3141.35 6.05 80.84 (39.62) 126.53 (2.28) 29.54 292.80 156.95 51.30 702.11 2439.24 1642.28

For 2011-1211261.89 2016.49 13278.38 24.01 232.56 (22.72) 529.10 144.02 130.17 1022.61 407.86 51.30 2518.91 10759.47 7265.39

For 2010-1111369.31 1203.14 12572.45 23.18 211.98 (113.17) 491.05 863.86 120.35 931.76 317.78 0.00 2846.79 9725.66 6499.22

Inc/(Dec) over previous year(107.42) 813.35 705.93 0.83 20.58 90.45 38.05 (719.84) 9.82 90.85 90.08 51.30 (327.88) 1033.81 766.17

Review of performance of 2011-12

ANALYSIS OF SALESParticulars 1. Iron Ore Export Domestic Sub-total 2. Sponge Iron(In Tons) 3. Wind power 4. Diamonds (In Carats) 5. Income from Services 6. Other Operating Revenue Net Revenue from Operation 8085 18421 9.84 17.20 1.36 11,261.89 3.85 269.16 273.01 33732 25.63 272.93 1531.49 9753.84 11285.33 62.75 4.48 12.88 3.50 0.37 11369.31 49.64 73.05 122.69 (1308.20) 1067.74 (240.46) (1258.56) 1140.79 (117.77) 3.18 (4.48) (3.04) 13.70 0.99 (107.42) 237.52 10,894.63 263.15 11,167.56 39775 65.93 Sales Qtly. (In lmt) 2011-12 2010-11 Sales Revenue (Rs. in crore) 2011-12 2010-11 Variation due to (Rs in crore) Price Quantity Total

Review of performance of 2011-12

DETAILS OF EXPENDITUREParticulars 1) Power & electricity 2) Repairs & Maintenance 3) Other Expenses a) Raising & Tpt. Cost b) Corporate Social Resp. c) CISF d) Travelling Expenses e) Mine Closure Obligation 44.74 63.32 52.81 20.65 9.12 98.58 289.22 406.38 26.58 37.33 49.07 16.75 10.55 77.24 217.52 316.27 18.16 25.99 3.74 3.90 (1.43) 21.34 71.70 90.11 Year to date 31-Mar-12 31-Mar-11 50.13 45.69 67.03 53.06 Vari. 4.44 13.97

Rs. in Crore

Remarks / ReasonsDue to increase in production Mainly on account of off loading of maintenance to OEMs

Increased Mining activity at KIOM

Total 1211 nos of CISF personnel are deployed. 1061 nos personnel at Bailadila, 80 nos at Donimalai and 70 nos at Panna.

f) All other expenses Subtotal (a to f) Total

Provision for Bad & doubtful debts Rs 11.74 Cr. And Increase in Consultancy fee Rs 12.79 Cr.

Review of performance of 2011-12

ANALYSIS OF CONSUMPTION OF STORES, ROYALTY & DEPRECIATIONRs. in Crore

Particulars

Year to date 31-Mar-12 31-Mar-11 232.56 211.98

Vari.

Remarks / Reasons

1) Consumption of Stores & Spares

20.58 Increase in production

2) Depreciation

130.17

120.35

9.82

Increase due to Additions to HEMs

3) Royalty & Cess

1022.61

931.76

90.85

Qty Variance Rate Variance

Rs 77.97 Cr Rs 12.88 Cr

Review of performance of 2011-12

DETAILS OF EXCEPTIONAL ITEMSRs. in Crore

Particulars

Year to date31-Mar-12 31-Mar-11

Vari.

Remarks / Reasons

Exceptional Items

51.30

0.00

Income : Reinstatement of Investments of JKMDC -Rs 3.96 Cr 51.30 Expenditure : Impairment of Windmills in Karnataka -Rs 52.76 Cr Loss of Drill due to accident in Bacheli -Rs 2.50 Cr

Review of performance of 2011-12

DETAILS OF SELLING EXPENDITURERs. in Crore

Particulars

Year to date31-Mar-12 41.69 31-Mar-11 621.85

Vari.

Remarks / ReasonsDec. in despatch by 26.88 Lakh MT : Rs (-) 566.65 Cr Inc. in Rly Freight Rate/Ton from Rs 2107.68 to Rs 2580.39 : Rs 7.36 Cr. Decrease in Export Qty by 21.68 LMT, Reduction in export duty by Rs 105.16 Cr and selling exp - Rs 34.52 Cr.

1) Railway Freight

(580.16)

2) Selling Expenses

102.33

242.01

(139.68)

Total

144.02

863.86

(719.84)

Review of performance of 2011-12

DETAILS OF DIVIDEND

Rs in crore

Particulars

GOI Share 356.84

Others

Total Dividend 396.47

% of PAT 5.45%

% of Share Capital 100%

1st Interim

39.63

2nd InterimFinal (proposed)

356.84892.10

39.6399.08

396.47991.18

5.45%13.65%

100%250%

TotalPrevious Year

1605.781177.58

178.34130.77

1784.121308.35

24.55%20.13%

450%330%

Review of performance of 2011-12

Business StrategyForward Integration

Value Addition Projects Steel, Pellets, Beneficiation

Horizontal Integration Overseas expansion, New Minerals, New leases in India & abroad

Core Business Exploration, Evaluation, Mining, Ore Processing Core Strength Mining at minimum cost;

Horizontal Integration New JVs, Collaboration through MoUs, Technological advancements

Eco friendly miningBackward Integration New exploration, Prospecting, Assistance to State

16

Review of performance of 2011-12

CAPITAL EXPENDITURE DURING 2011-12(Rs in Crore)

Name of the Schemes 1.Bailadilla 11B 2.Kumaraswamy

Actual Expr 49.35 46.60

3. 3MTPA Steel Plant Chattisgarh4. 2 MTPA Steel Plant at Karnataka 5. Pellet plant at Donimalai 6. Other Schemes 7. AMR (Incl Township) 8. R&D 9. Feasibility studies

828.63103.68 81.60 1.49 163.99 14.57 1.33

10. Business Development11. Investments in other ventures(*) TOTAL

101.06141.29 1533.59

Review of performance of 2011-12

Future CapexAmt (Rs. Crores) Capex for 2012-13 Capex for 12th plan Rs.4655 Rs.30,071

Review of performance of 2011-12

Capacity of existing mines in Bailadila sector after expansion by 2014-15 Kirandul Complex Deposit 14 Deposit 11C Deposit 11B Total Bacheli Complex Deposit 5 Deposit 10&11A Total : 5 MTPA : 7 MTPA : 7 MTPA : 19 MTPA : 10 MTPA : 7 MTPA : 17 MTPA19

Review of performance of 2011-12

Capacity of existing mines in Karnataka after expansion Donimalai : 7 mt Kumaraswamy : 7 mt

20

Review of performance of 2011-12

Key Events:Uniflow Railway Line to be commissioned in May 2012. Trial runs on. Will augment evacuation capacity by 3 million tonnes.. Slurry Pipeline: MOU signed with RINL for construction of slurry pipeline and setting up of Pellet Plant at Vizag. Will augment evacuation capacity by 10 million tonnes.

Review of performance of 2011-12

Status of Donimalai / Kumaraswamy mines: Honble Supreme Court has directed production of 1 million tonnes by NMDC from its mines at Karnataka. E-auction of ore through Monitoring Committee.

Review of performance of 2011-12

Status of ongoing ProjectsStatus of Ongoing Projects: (a) Bailadila Deposit 11B: Location Capacity : Dist. South Bastar, Chhattisgarh : 7.0 MTPA

Capital out lay : Rs. 607.17 Crores. Work is being executed through 7 Packages. All packages have ordered and work is in progress. Likely to be commissioned by : October 2012 been

Review of performance of 2011-12

b) Kumaraswamy Iron Ore Project Location Capacity Capital out lay : Dist Bellary, Karnataka : 7.0 MTPA : Rs.898.55 Crores.

M/s MECON are the Consultants and the Project is being executed through 6 Packages. Orders for the four main packages (Crushing Plant, Downhill, Electrical works and Water supply pipelines) are placed and work is under progress. Remaining packages are under various stages of tendering/ordering. Project Completion : September 2013.

Review of performance of 2011-12

c) Pellet Plant, Donimalai (1.2 MTPA capacity) The project is being executed through 6 packages (Pelletisation, Beneficiation, Site levelling, MRSS, Boundary wall/Misc buildings and Mobile equipments) Execution will done through 6 packages and 3 packages have been tendered already. All major packages have been ordered and foundation works have commenced at site for some equipments. Basic engineering and ordering of major equipments completed. Environmental clearance obtained. Soil investigation work has been completed Some of the equipments are on the way to site.

Completion of project : March 201325

Review of performance of 2011-12

d) Integrated steel plant of 3.0MTPA capacity at Nagarnar, Jagdalpur in Chattisgarh State. The Plant is being set up at an investment of Rs. 15525 crore All statutory clearances have been obtained Sinter Plant, Blast furnace, Raw Material Handling system, Coke oven, By product, Steel Melting Shop, Thin slab caster & Hot strip mill and Oxygen plant packages have been ordered. Work started at site for blast furnace, RMHS & Coke Oven

Lime & dolomite plant are under final stage of ordering

26

Review of performance of 2011-12

Diversification into coal: NMDC got the detailed exploration done through MECL under MOU at Shahpur (East & West).ML applications are in process in MOC Mine plan & mine closure plan for West block approved by MOC Applied for environmental clearance and forest clearance Work is in process for preparation of DPR Land required (for acquisition) for infrastructure and activity areas identified AS per approved mine plan coal production will start in 2014, for which NMDC is taking all necessary steps NMDC also plans for acquisition and development of New Coal Blocks under public/private partnership.

Review of performance of 2011-12

Other Joint Ventures: ICVL JKMDC Legacy Iron Ore Ltd NMDC CMDC Ltd

Review of performance of 2011-12

CSR activities NMDC has identified 4 major areas of CSR a) Health b) Education c) Employment d) Infrastructure

Review of performance of 2011-12

Mile stones & Accolades Signing of MoU with Govt. since 1991-92. Excellent performer in MoU ratings in almost all the years. PSE Excellence Award as Company of the Year in Navratna category Indira Gandhi Rajbasha shield for 13 times. Star PSU of the Year award (Business Standard). Best PSU of the year 2012 (Mineral sector/ Navratna/ Overall categories) by Dun & Bradstreet CAPEXIL top export award for the year 2010-11. Commendation certificate for CSR (SCOPE) Innovative leadership/ HR leadership/ Global HR excellent award (IPE)30

Review of performance of 2011-12

THANK YOU

Review of performance of 2011-12

2011-12 April + May Kirandul 18.30 Slurry (11.34) Bacheli - 15.75 Donimalai 6.88 Total 40.93

2012-13 April + May Kirandul 12.28 Slurry (Nil) Bacheli 21.89 Donimalai 12.87 Total 47.05


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