Investor Presentation

July 2, 2026 Ref: SEC/560/2026-27 The Secretary, Listing Department The Manager, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Maharashtra, India. Maharashtra, India. Scrip Code: 500470 Symbol: TATASTEEL Dear Madam, Sirs, Sub: Presentation to be made at the 119th Annual General Meeting of Tata Steel Limited Please find enclosed herewith the presentation to be made to the Investors at the 119th Annual General Meeting of Tata Steel Limited scheduled to be held today, i.e. July 2, 2026 at 10:30 a.m. (IST) over video conferencing / other audio-visual means. This presentation is being submitted in compliance with Regulations 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This is for your information and records. Thanking you. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Encl.: As above 119th Annual General Meeting Auditorium in Kolkata, used 1,200 tons of steel products from Tata Steel 02nd July 2026 Safe harbour statement Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand / supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors We are committed to ‘Zero Harm’ Journey towards excellence in Safety & Health of employees1 ▪ Strengthened Safety governance structure Fatalities2 ▪ Role-based training, inspection and audit, 5 5 Workplace LTIFR* supported by AI-enabled surveillance safety in the last 15 years FY22 FY23 FY24 FY25 FY26 ▪ Six physical simulators at SLDCs in Jamshedpur ▪ Focused sessions to further improve hazard Behavioural prediction and risk sensitivity of workforce safety ▪ 560+ health sessions across locations ▪ 1,000+ "wellness champions" to drive best Employee practices 0 1 1 1 2 1 3 1 4 1 5 1 6 1 7 1 8 1 9 1 0 2 1 2 2 2 3 2 4 2 5 2 6 2 Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y F F F F F F F F F F F F F F F F F Wellbeing 119th Annual Note: 1Employees refers to Permanent and Contract workforce, *Lost Time Injury Frequency Rate per million-man hours worked, for Tata Steel Group, 2Fatalities covers Tata Steel Standalone, SE Asia and Europe; TSML General Meeting included from 1st Sep 2023 and Tinplate Company of India Ltd. and Tata Metaliks included from 1st Oct 2023, SLDC – Safety Leadership Development Centers 3 Improving quality of life of our communities 69 lakh+ >₹2,500 cr targets prioritised across spent2 over last 5 years lives impacted1 15 relevant UN SDG goals Rural & Urban Education Public Health and Nutrition Dignity for Disabled Climate Resilient Livelihoods 5,800+ out of school children brought 95% redressal rate in high-risk cases 20,000+ PwD connected via SABAL 38,000+ households adopted climate back to education system among pregnant women and children programme, up 43% YoY resilient agri practices, up 13% YoY 119th Annual Note : 1Cumulative as on FY2026, 2CSR Spend by Tata Steel Standalone, SDG – Sustainable Developmvent Goals, SABAL aims to create a platform for persons with disability through a participative atmosphere and General Meeting inclusive infrastructure that enables skilling, employability and financial independence, PwD – Persons with Disabilities 4 Leadership in Leadership in India Leadership in Sustainability Technology & Digital Focused on creating Sustainable Value Consolidate position Robust Financial Health Become Future Ready as global cost leader Scaling up in India to capitalise on growth opportunity Capacity expansion Investment in downstream 40+ Cold Rolled Color Coated MTPA ~27.4 Tubes Tinplate Wires MTPA ▪ 4.8 MTPA expansion at NINL ▪ 2.5 MTPA finished steel at TSM ▪ Tubes : 1.7 MTPA → 4 MTPA ▪ Wires : 0.6 MTPA → 1 MTPA ▪ 6.0 MTPA greenfield in Maharashtra ▪ Tinplate 0.4 MTPA → 1 MTPA ▪ 0.7 MTPA HRPGL complex 119th Annual Note : NINL – Neelachal Ispat Nigam Limited, TSM – Tata Steel Meramandali , HRPGL - Hot Rolled Pickling and Galvanising Line, Downstream consists of Cold Rolled, Galvanised, Color coated, Tubes and Tinplate products General Meeting 6 Sustainability is at the core of our strategy Net Zero emissions for Tata Steel 2045 Pursuing multiple initiatives in India to achieve ‘responsible’ growth Our ESG goals underpin the focus areas Decarbonisation in UK to reduce 50 million tons CO over decade Circular Water, Air Biodiversity 2e economy and Dust Spent €300+ million for sustainability Employees, Supply R&D, Community chain Technology linked initiatives to reduce emissions 119th Annual Note : R&D – Research & Development General Meeting 7 Embracing Digital and Technology to create and unlock value Manufacturing Excellence Functional Excellence Customer Experience Gross Merchandise Value FY2023 FY2024 FY2025 FY2026 Leveraging AI to reduce fuel consumption, Modernising processes and the technology Digital platforms achieved US$1 billion improve efficiency & deliver safety insights stack to enable productivity sales in FY2026 119th Annual Note : Aashiyana is a One stop shop for Individual homebuilders and DigECA is One stop digital steel buying solution for MSME customers General Meeting 8 Enhancing competitiveness through cost and efficiency programs FY2026 cost transformation program Translates to 95% Compliance Targeted focus on cost to continue delivered ~Rs 10,868 crores to target of Rs 11,500 crores in FY2027 Rs crores Rs 7,140 crs. Rs 10,868 crs 46% 2 ~$0.8 billion ~$1.2 billion 1 Raw material efficiency 2 Stores, Repairs & Maintenance 3 Sales mix, Supply chain & Others 4 Power & Fuel India UK Netherlands 5 TSUK heavy end closure 119th Annual Note : EUR INR = 91.61, GBP INR = 107.32, USD INR = 92. Improvement in costs computed for FY2026 vs. average FY2025 baseline; Target for FY2027 vs. average FY2026 baseline General Meeting 9 Financial Management to enable returns across cycle Balance sheet management Total Shareholder Returns1 (%) Tata Steel Nifty 50 Sensex Optimise Capital Structure & Cost Onshoring debt to drive efficiency 16 9 8 11 11 Capital allocation Value accretive investments 5 years 10 years 25 years Capex of ~Rs 14,026 crores in FY2026 ~$2.5 bn or ~Rs 23,000 crs of dividend paid in last 5 years Dividend in Rs per share Operational excellence 3.6 3.6 3.6 Optimise working capital 1.0 1.0 1.0 Consolidated EBITDA improved by ~320 bps YoY for FY2026 despite global headwinds FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 119th Annual Note : 1Total Shareholder Returns sourced from Bloomberg as of 17th June 2026 and considers dividend reinvestment, USD INR = 92 General Meeting 10 People Driven Impact : Enhancing Culture, Capability & Cost Efficiency Skilling for impact Organisation-wide Generative AI learning to accelerate adoption and Capability building in emerging technologies Stronger together as One Tata Steel Global talent and wellness networks to harmonise and standardise best practices & Cascade culture code Focus on Productivity and Cost Strategic organisational design interventions and sustained cost efficiency Holistic Employee Well Being Multi-channel counselling, on the ground wellness counsellors and mental health first aiders 119th Annual General Meeting 11 Tata Steel Consolidated Financial Highlights Deliveries (million tons) Revenues (Rs crores) EBITDA (Rs crores) 2,32,140 34,848 31.97 30.96 2,18,543 25,802 FY2025 FY20 [Showing first 8,000 characters — download PDF for full document]