Vedanta Limited · NSE:VEDL
Vedanta — Q2 FY2023 Earnings Presentation
84 slides from Vedanta's earnings presentation, Oct 28, 2022
Slide 1: Outcome of Board Meeting held on October 28, 2022
VEDL/Sec./SE/22-23/141 October 28, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers "Exchange Plaza" Dalal Street, Fort Bandra-Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 500295 Scrip Code: VEDL Sub: Outcome of Board Meeting held on
Slide 2: Foi nta
The meeting of the Board of Directors of the Company dated October 28, 2022 commenced at 1:30 pm and concluded at 3:25 pm. We request you to please take the above on record . Thanking you. Foi nta Yours faithfully, Limired rerna Hal Company Enclosed: As above . VEDANTA LIMITED REGISTERED OFFICE: Ved
Slide 3: Independent Auditor's Review Report on Consolidated Results
S.R. BATLIBOI & Co. LLP 2nd & 3rd Floor Golf View Corporate Tower - B Sector - 42, Sector Road Chartered Accountants Gurugram - 122 002. Haryana, india Tel : +911246816000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pu
Slide 4: Other Matters
S.R. BArL1B01 & Co. LLP Chartered Accountants Other Matters 6. The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of: • 13 subsidiaries, whose unaudited interim financial results include total assets of Rs. 22,118 crore as at Septe
Slide 5: S.R. BArL1Bo1 & Co. LLP
S.R. BArL1Bo1 & Co. LLP Chartered Accountants The unaudited interim financial results and other unaudited financial information of these subsidiaries, joint ventures, joint operations and associates have been approved and furnished to us by the Management and our conclusion on the Statement, in so f
Slide 6: List of subsidiaries/associates/joint ventures
S.R. BATLIBOI & Co. LLP Chartered Accountants Annexure 1 to our report dated October 28, 2022 on the consolidated financial results of Vedanta Limited for quarter and half year ended September 30, 2022 List of subsidiaries/associates/ joint ventures Subsidiaries S. No. Name 1 Bharat Aluminium Compan
Slide 7: List of subsidiaries, associates, joint ventures
S.R. BATLIBOI & Co. LLP Chartered Accountants S. No. Name 45 Facor Power Limited (FPL) 46 Facor Realty and Infrastructure Limited 47 Hindustan Zinc Alloy Private Limited 48 Desai Cement Company Private Limited (DCCPL) 49 Vedanta Zinc Football & Sp01is Foundation 50 Zinc India Foundation 51 Athena Ch
Slide 8: Statement of Unaudited Consolidated Results
Vedanta Limited 9 v~~~!!!~!r good CIN no. L13209MH1965PLC291394 Regd. Office: Vedanta Limited, 1st Floor, 'C' wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai-400093, Maharashtra ST ATEMENT OF UNAUDITED CONSOLIDATED RES ULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPT
Slide 9: Consolidated results (continued)
(fin Crore, except as stated) Quarter ended Half year ended Year ended 30.09.2022 30.06.2022 30.09.2021 30.09.2022 30.09.2021 31.03.2022 s. Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) No. 13 Other Comprehensive (Loss)/ Income i. (a) Items that will not be reclas
Slide 10: Segment information
(? in Crore) Quarter ended Half year ended Year ended 30.09.2022 30.06.2022 30.09.2021 30.09.2022 30.09.2021 31.03.2022 S. No. Segment information (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Segment Revenue a) Zinc, Lead and Silver (i) Zinc & Lead - India 6,999 8,066 4,91
Slide 11: Segment information
(tin Crore) Quarter ended Half year ended Year ended 30.09.2022 30.06.2022 30.09.2021 30.09.2022 30.09.2021 31.03.2022 S. No. Segment information (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 4 Segment liabilities a) Zinc, Lead and Silver - India 6,291 6,537 5, 141 6,291 5, 1
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet (tin Crore) As at 30.09.2022 As at 31.03.2022 Particulars (Unaudited) (Audited) A ASSETS Non-current assets (a) Property, plant and equipment 92, 182 91 ,990 (b) Capital work-in-progress 17,060 14,230 (c) Intangible assets 1,416 1,476 (d) Exploration intangible assets unde
Slide 13: Consolidated statement of cash flows
Vedanta Limited Consolidated statement of cash flows (~ in Crore) Half year ended 30.09.2022 30.09.2021 Particulars (Unaudited) (Unaudited) CASH FLOWS FROM OPERA TING ACTIVITIES Profit before taxation 11 ,624 14,976 Adjustments for: Depreciation, depletion and amortisation 5,100 4,255 Impairment (re
Slide 14: Cash flows from financing activities
CASH FLOWS FROM FINANCING ACTIVITIES Proceeds/ (repayment) of short-term borrowings (net) 755 (250) Proceeds from current borrowings 6,754 3,649 Repayment of current borrowings (5,855) (3,706) Proceeds from long-term borrowings 9,119 6,690 Repayment of long-term borrowings (5,477) (12,269) Interest
Slide 15: Notes to consolidated results
Notes:- 1 The above consolidated results of Vedanta Limited ("the Company") and its subsidiaries ("the Group"), jointly controlled entities, and associates for the quarter and half year ended 30 September 2022 have been reviewed by the Audit and Risk Management Committee and approved by the Board of
Slide 16: Notes: Tuticorin copper smelter
5 The Company has a copper smelter plant in Tuticorin. The Company' s application for renewal of Consent to Operate ("CTO") for the plant was rejected by the Tamil Nadu Pollution Control Board ("TNPCB") in April 20 I 8. Subsequently, the Government of Tamil Nadu issued directions to close and seal t
Slide 17: Independent Auditor's Review Report on Standalone Results
S.R. BATLIBOI & Co. LLP 2nd & 3rd Floor Golf View Corporate Tower - B Sector - 42, Sector Road Chartered 'Accountants Gurugram - 122 002, Haryana, india Tel : +91 124 681 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company
Slide 18: S.R. BArL1Bo1 & Co. LLP
S.R. BArL1Bo1 & Co. LLP Chartered Accountants September 30, 2022. The interim financial results and other financial info1111ation of the said unincorporated joint operation not operated by the Company have not been audited and such unaudited interim financial results and other unaudited financial in
Slide 19: Statement of Unaudited Standalone Results
e v~~5!.!!!~r good Vedanta Limited CIN no. L13209MH1965PLC291394 Regd. Office: Vedanta Limited, 1st Floor, 'C' wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai--400093, Maharashtra STATEMENT OF UNAUDITED STANDALONE RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEM
Slide 20: Standalone segment information
(tin Crore) Quarter ended Half year ended Year ended 30.09.2022 30.06.2022 30.09.2021 30.09.2022 30.09.2021 31.03.2022 S. No. Segment information (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Segment revenue a) Oil and Gas 2,098 2, 122 1,544 4,220 2,883 6,622 b) Aluminium 1
Slide 21: Standalone Balance Sheet
Balance Sheet (? in Crore) As at As at Particulars 30.09.2022 31.o3.2022 (Unaudited) (Audited) A ASSETS I Non-current assets (a) Property, Plant and Equipment 39,583 39,490 (b) Capital work-in-progress 10,386 9,226 (c) Intangible assets 30 26 (d) Exploration intangible assets under development 2,019
Slide 22: Statement of Cash Flows
Statement of Cash Flows fin Crore Half ear ended 30.09.2022 30.09.2021 Particulars naudited naudited CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax 7,589 7,678 Adiustments for: Depreciation, depletion and amortisation 1,835 1,445 Reversal of impairment of investments (780) Provision for doub
Slide 23: Notes to standalone results
Notes:- ) The above results of Vedanta Limited ("the Company"), for the quarter and half year ended 30 September 2022 have been reviewed by the Audit and Risk Management Committee and approved by the Board of Directors at their respective meetings held on 28 October 2022. The statutory auditors have
Slide 24: Notes: Rajasthan PSC
5 The Company operates an oil and gas production facility in Rajasthan under a Production Sharing Contract ("PSC"). The GoT accorded its approval for extension of the PSC for the RJ Block for a period of IO years till 14 May 2030, under the Pre-NELP Extension pol icy as per notification dated 07 Apr
Slide 25: Formulae for computation of ratios
Formulae for computation ofratios are as follows: a) Debt-Equity Ratio Total Debt/ Total Equity Income available for debt service/ (interest expense + repayments made during the period for long term loans), b) Debt Service Coverage Ratio where income available for debt service= Profit before excepti
Slide 26: Vedanta reports ₹36,237 crore revenue, ₹8,038 crore EBITDA
Vedanta Limited Regd. Office: Vedanta Limited 1st Floor, ‘C’ Wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai 400093, Maharashtra. www.vedantalimited.com CIN: L13209MH1965PLC291394 Vedanta Limited Vedanta reports ₹36,237 crore revenue - up 21%YoY, ₹8,038 crore EBITDA
Slide 27: Results for the second quarter: Zinc, Oil and Gas
Results for the second quarter and half year ended 30th September 2022 ▪ Zinc India o Highest ever 2Q mined metal production of 255kt, up 3%YoY o Best ever 2Q Refined metal production of 246kt, up by 18%YoY driven improved smelter performance and better mined metal availability o Silver production a
Slide 28: Renewable energy, ESG and CEO comment
Results for the second quarter and half year ended 30th September 2022 ▪ On track to achieve 2.5 GW renewal energy (RE) target; issued EOI for additional 500 MW RE procurement after a 580 MW RE PDA in 1QFY23 ▪ HZL Pantnagar becomes our 1st unit to run entirely on Renewable Energy ▪ Cairn and IOB ach
Slide 29: Revenue and EBITDA commentary
Results for the second quarter and half year ended 30th September 2022 ▪ Revenue: o 2QFY23 Revenue increased by 21%YoY to ₹36,237 crore on account of higher sales volume, strategic hedging gains and foreign exchange gains; partially offset by lower commodity prices. o 2QFY23 Revenue decreased by 5%Q
Slide 30: Leverage, liquidity, and credit rating
Results for the second quarter and half year ended 30th September 2022 ▪ Leverage, liquidity, and credit rating: o Gross debt decreased by ₹2,543 crore QoQ to ₹58,597 crore as on 30th Sep’22 o Net debt of ₹32,144 crore as on 30th Sep’22 with Net debt to EBITDA ratio of 0.7x – best among Indian peers
Slide 31: Results Conference Call
Results for the second quarter and half year ended 30th September 2022 Results Conference Call – Please note that the results presentation is available in the Investor Relations section of the company website https://www.vedantalimited.com/eng/investor-relations-overview.php#resultsReports Following
Slide 32: Press release disclaimer
Results for the second quarter and half year ended 30th September 2022 For more information, please visit www.vedantalimited.com Vedanta Limited Vedanta, 75, Nehru Road, Vile Parle (East), Mumbai - 400 099 www.vedantalimited.com Registered Office: Regd. Office: 1st Floor, ‘C’ wing, Unit 103, Corpora
Slide 33: 2QFY23 Earnings Presentation
VEDANTA LIMITED INVESTOR PRESENTATION October 28, 2022 2QFY23 Earnings Presentation Sensitivity: Internal (C3)
Slide 34: Cautionary statement and disclaimer
Cautionary statement and disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forwa
Slide 35: 2QFY23 Review and Business Update
VEDANTA LIMITED INVESTOR PRESENTATION 2QFY23 2QFY23 Review and Business Update Sunil Duggal Group CEO & Chief Safety Officer Sensitivity: Internal (C3)
Slide 36: Vedanta is uniquely positioned to deliver sustainable value
Vedanta is uniquely positioned to deliver sustainable value Robust financial profile with strong World-class natural resources powerhouse with ROCE, increasing cash flow and low cost and long-life diversified asset base balance sheet 1 Well positioned to capitalize on India’s 7 growth and benefit th
Slide 37: Levers to counter near term macroeconomic challenges
Levers at Vedanta to counter near term macroeconomic challenges Near term macro challenges Vedanta’s levers to counter macro challenges Cost optimization with improved linkage coal ▪ Global economy is facing various challenges: materialization and operational efficiencies o Broadening inflation pres
Slide 38: Robust cash generation despite challenging macro environment
Robust cash generation underpinned by strong 2Q performance despite challenging macroeconomic environment ESG Operational Financial ▪ Entered exclusive club of top 10 DJSI ranked Key businesses continue to deliver ▪ Revenue of ₹ 36,237 crore, up global Metals & Mining companies; ESG score strong ope
Slide 39: Entered top 10 DJSI ranked global metals & mining companies
Vedanta: entered in exclusive club of top 10 DJSI ranked global metals & mining companies Vedanta amongst top 10 Industry leaders on 2022 Dow Jones Sustainability World Index Vedanta ranks1 6th out of 148 metal and mining companies across the globe Vedanta is amongst top 3 percentile of metal and mi
Slide 40: ESG Moment: planting a trillion trees
ESG Moment: planting a trillion trees (video) Vedanta to plant 7 million trees Aim 7: Innovations for greener business model ▪ Part of World Economic Forum’s “1 Trillion Tree” initiative – 1t.org ▪ Trees to be planted between 2020 – 2030 ▪ Includes reforestation, agro- forestry, mangrove restoration
Slide 41: Vedanta Delhi Half Marathon: #RunForZeroHunger
Vedanta Delhi Half Marathon: #RunForZeroHunger – contributed 2 Mn Meals Shri Manish Sisodia at the Flag Off Mrs. Mallika Nadda at Prize Distribution Vedanta Leadership with Dy. CM Vedanta Employees at VDHM Medal made with the zinc from the 20+ national ads Coverage across top publications Priya Agar
Slide 42: Key ESG projects across Vedanta
Key ESG projects across Vedanta Green Copper (Sterlite Copper) Remote Blasting (HZL) Reducing Gas Flaring (O&G) Watershed Management Aim 4: Net Carbon neutral by 2050 Aim 7: Prioritizing safety and Aim 4: Net zero carbon by 2050 or BU: VAL - Lanjigarh or sooner health sooner Aim 5: Achieving net wat
Slide 43: ESG strategy Pillar 1 – transforming communities
Steadily progressing on our repurposed ESG strategy: Pillar 1 – transforming communities Total Beneficiaries 1H FY23 CSR Spend1 Total Nandghars Key Initiatives of CSR 2.40+ mn ₹ 147+ crores 3609 Areas of Focus in CSR Healthcare Drinking water and sanitation Nand Ghar Saplings Plantation > 30 Initiat
Slide 44: ESG strategy Pillar 2 – transforming the planet
Steadily progressing on our repurposed ESG strategy: Pillar 2 – transforming the planet Baseline 2030 Our aims Key KPIs (UoM) Key strategic initiatives/outcomes (FY21) Target Absolute GHG emissions ▪ 500 MW RE power EOI issued 60mn 45mn (TCO2e) ▪ Biomass usage ~28000 MT in 1H FY23 ▪ ~ 1 Billion unit
Slide 45: ESG strategy Pillar 3 – transforming the workplace
Steadily progressing on our repurposed ESG strategy: Pillar 3 – transforming the workplace Key KPIs Baseline 2030 Our aims Key strategic initiatives/ outcomes (UoM) (FY21) Target ▪ Conducted CRM- 7 design workshops ▪ Launched CRM- Top 3 risk control initiatives Ongoing target- ▪ Real time tracking o
Slide 46: Digitalization focus to become a data driven organization
Digitalization focus to become a data driven organization Smart Operations and Digital Mission - 2025 01 Asset Optimization Creating 10% EBITDA 5 impact 02 Workplace safety We are here Digitalization – Stage 2 Focus Pratham – 2 : Area Digitalization Aim to ✓ 100% automation in Enabling 03 Logistics
Slide 47: Digitalization Use Case: Smoke Hour Drilling
Digitalization Use Case : Smoke Hour Drilling KPI: Smoke hour drilling meters Automatic operations from Surface with Minimal manual intervention during shift changeover and after blasting Outcome and advantages: ✓ Provides flexibility and control in Operator Tele-remote drilling tool challenging env
Slide 48: Aluminium: strong volume delivery and improved COP
Aluminium: strong volume delivery and improved COP on operational and buying efficiencies Aluminium: Achieved record metal production COP ($/T) Key highlights: Production (kt) Margin ($/t) 1,118 1,150 2,541 2,653 2,429 Quarterly: 1,588 1,647 ▪ Aluminium production up 3% QoQ and 2% YoY 570 565 584 52
Slide 49: Aluminium: growth and vertical integration projects underway
Aluminium: growth and vertical integration projects underway to reduce market volatility impact and create value ▪ Aluminium capacity expansion to 3 MTPA o JSG capacity ramp-up to 1.8 MTPA – Completed Lanjigarh refinery expansion projects status o Balco capacity expansion to 1 MTPA – 2QFY24 o Debott
Slide 50: Zinc India: delivering sustainable growth
Zinc India: delivering sustainable growth Key quarterly performance highlights: Key half yearly performance highlights: ▪ Highest-ever 2Q mined metal production up 3% YoY ▪ Best-ever first half mined metal production, up 8% ▪ Best-ever 2Q refined metal production1, up 18% YoY driven by YoY improved
Slide 51: Zinc International: Gamsberg delivers record MIC production
Zinc International: Gamsberg delivers record MIC production; cost improves on increased recovery and operational efficiency Gamsberg - Production Key highlights: Production (kt) Quarterly: 108 ▪ Achieved highest ever MIC production 43%YoY growth 85 ▪ Highest recovery of 78.5%. Highest concentrate gr
Slide 52: Oil & Gas: lower production partially offset by infill wells
Oil & Gas: lower production was partially offset by infill wells; focused on delivery of growth projects Key highlights: Gross production (kboepd) ▪ Production: Impact of natural decline in Rajasthan and Offshore blocks partly offset by infill wells in Mangala, Bhagyam 165 165 148 140 144 and Raages
Slide 53: Iron ore and VAB
Iron ore and VAB Karnataka Iron ore sales Iron ore – Karnataka: Sales (mn tonnes) ▪ Quarterly sales increased 8%YoY and 44% QoQ ▪ Half yearly Iron ore sales was down by 11%YoY due to 2.5 2.2 delay in implementation of procedural changes by DMG for sale of material 1.2 1.3 0.9 Value added business (V
Slide 54: ESL Steel and FACOR
ESL Steel and FACOR ESL: key performance highlights FACOR: key performance highlights ▪ Quarterly saleable production up 11%YoY on account of ▪ Quarterly and Half yearly ore production higher by 43% YoY completion of debottlenecking activity in blast furnace -3 in and 18% YoY respectively due to ope
Slide 55: Strategy to enhance long term value
Strategy to enhance long term value Optimize capital Operational Delivering on STRATEGIC Committed to ESG Augment reserves excellence and allocation & growth PRIORITIES leadership & resources base maintain strong cost leadership opportunities Balance Sheet o Achieve net o Disciplined o Focus on full
Slide 56: Finance Update
VEDANTA LIMITED INVESTOR PRESENTATION 2QFY23 Finance Update Ajay Goel Acting Group Chief Financial Officer Sensitivity: Internal (C3)
Slide 57: 2QFY23 financial snapshot
2QFY23 financial snapshot Revenue EBITDA EBITDA Margin1 Profit after tax ₹ 36,237 crore ₹ 8,038 crore 25% ₹ 2,690 crore 21% YoY 24% YoY Strong margin 54% YoY ROCE 2 Cash and Cash Net Debt Net Debt / EBITDA equivalents c.28% ₹ 26,453 crore ₹ 32,144 crore 0.7x ~200 bps YoY Strong liquidity position Ma
Slide 58: EBITDA bridge 2QFY23 vs. 1QFY23
EBITDA bridge 2QFY23 vs. 1QFY23 (QoQ comparison) Aluminium (2,404) (In ₹ crore) Zinc (1,230) Oil and Gas (314) Iron and Steel (635) Aluminium 163 Zinc 153 10,741 4,619 343 183 307 8,038 12 621 7,205 450 Zinc (178) Aluminium 107 Market & Regulatory Iron & Steel 253 ₹ (3,536) crore Operational: ₹ 490
Slide 59: EBITDA bridge 2QFY23 vs. 2QFY22
EBITDA bridge 2QFY23 vs. 2QFY22 (YoY comparison) (In ₹ crore) Aluminium (1,548) Oil & Gas 691 Steel 284 Aluminium (276) Iron & Steel (224) 618 Oil & Gas (134) 10,582 4,203 8,038 809 687 999 74 1,230 6,917 Zinc 686 Aluminium 99 Market & Regulatory ₹ (3,665) crore Operational: ₹ 122 crore 2QFY22 LME/
Slide 60: Net Debt Walk- 2QFY23
Net Debt Walk- 2QFY23 (In ₹ crore) Inventories, 1,642 debtors and other Creditors/ 464 2,075 32,144 Advances 31,680 10,339 26,799 6,026 3,717 4,285 FCF Post Capex Rs 5,458 Cr Net Debt Cash flow from WC Movements Capex Dividend Translation and Net Debt 30th June'22 operations Others 30th Sep'22 28 Ve
Slide 61: Balance sheet and debt breakdown
Balance sheet and debt breakdown Net debt / EBITDA – maintained at low level Debt breakdown (as of 30th Sep 2022) Gross Debt In $bn In ₹ 000’ crores 1.1 1.0 0.9 0.9 Term debt 6.1 49.8 0.7 0.6 Working capital 0.4 3.2 0.5 FY'18 FY'19 FY'20 FY'21 FY'22 1QFY'23 2QFY'23 Short term borrowing 0.7 5.6 ▪ Liq
Slide 62: Growth capex and returns profile
Growth capex and returns profile Full year Capex guidance 1.0 1.2 1.5 1.2 0.7 1.1 1.6 Growth Capex profile, $bn Oil & Gas Zinc Al & Power 1.6 Copper Other 0.2 1.1 0.6 0.1 0.8 0.8 0.7 0.0 0.7 0.1 0.5 0.1 0.6 0.2 0.2 0.2 0.1 0.3 0.5 0.3 0.3 0.2 0.0 0.1 0.6 0.5 0.5 0.1 0.0 0.3 0.2 0.2 0.2 0.1 0.12 FY20
Slide 63: Appendix
VEDANTA LIMITED INVESTOR PRESENTATION 2QFY23 Appendix Sensitivity: Internal (C3)
Slide 64: FY23 guidance
FY23 guidance Zinc India Aluminium ▪ Mined Metal : 1,050 - 1,075 Kt ▪ Alumina: 2.0 - 2.1 Mtpa ▪ Finished Metal: 1,000 – 1025 Kt ▪ Aluminium: 2.2 - 2.3 Mtpa ▪ Silver: c. 700 - 725 tonnes ▪ COP1 (2H FY23): $2,150/t - $2,250/t ▪ COP (FY23): $1,225/t - $1,275/t excluding royalty Zinc International ▪ Gam
Slide 65: Income statement
Income statement 2Q 1Q 2Q ▪ Depreciation & Amortization In ₹ Crore FY23 FY23 FY22 o Higher by 24% YoY & 6% QoQ mainly due to increase in depletion charge in Oil & Gas business and amortization in Revenue from operations 36,237 38,251 30,048 Zinc India Other operating income 417 371 353 ▪ Finance Cos
Slide 66: Project capex
Project capex Unspent4 Approved Spent up to Spent in Capex in Progress (In $ mn) Status as on 30th Capex2 FY223 1HFY23 Sep 2022 Cairn India1 – Mangala infill, Bhagyam & Aishwariya Polymer, 3,070 1,178 204 1,688 Liquid handling , ASP , OALP, Tight oil & gas etc. Aluminium Sector Jharsuguda 1.25mtpa s
Slide 67: Entity-wise Cash and Debt
Entity-wise Cash and Debt (In ₹ crore) Sep 30, 2022 Jun 30, 2022 Sep 30, 2021 Company Cash & Cash & Cash & Debt Net Debt Debt Net Debt Debt Net Debt Cash Eq Cash Eq Cash Eq Vedanta Limited Standalone 45,296 3,953 41,343 45,177 4,903 40,274 30,462 1,697 28,765 Cairn India Holdings Limited1 963 1,973
Slide 68: Funding sources and term debt maturities
Funding sources and term debt maturities Diversified Funding Sources for Term Debt of $6.1 Bn Term Debt Maturities : ₹ 49,771 crore ($6.1 Bn) (as of 30th Sep 2022) (as on 30th Sep’22) 0.01% Standalone Subsidiaries 6% 27.6 20% In ₹ 000’ crore Bonds INR 6.4 Term Loan INR Term Loan Fx Bonds Fx 21.2 9.4
Slide 69: Segment Summary – Aluminium
Segment Summary – Aluminium Particulars (in’000 tonnes, or as Quarter Half year stated) 2QFY23 2QFY22 % YoY 1QFY23 1HFY23 1HFY22 % YoY Alumina – Lanjigarh 454 511 (11%) 485 939 993 (5%) Total Aluminum Production 584 570 2% 565 1,149 1,118 3% Jharsuguda 443 423 5% 423 866 828 5% Korba 141 146 (4%) 14
Slide 70: Aluminium profitability
Aluminium profitability $/t 1QFY23 2,875 165 250 3290 (828) (1237) (588) (110) 527 2,653 2,429 2QFY23 190 2,778 234 738 2,354 2,040 1,066 … 624 184 165 LME Strategic Premium Realisation Alumina Power Other hot metal Conversion & EBITDA Hedging other 38 Vedanta Limited 2QFY23 Investor Presentation Se
Slide 71: Segment Summary – Zinc India
Segment Summary – Zinc India Quarter Half year Production (in ’000 tonnes, or as stated) 2QFY23 2QFY22 % YoY 1QFY23 1HFY23 1HFY22 % YoY Mined metal content 255 248 3% 252 507 470 8% Integrated metal 246 209 18% 260 506 445 14% Refined Zinc – Integrated 189 162 16% 206 395 350 13% Refined Lead – Inte
Slide 72: Segment summary – Zinc International
Segment summary – Zinc International Quarter Half year Production (in’000 tonnes, or as stated) 2QFY23 2QFY22 % YoY 1QFY23 1HFY23 1HFY22 % YoY Refined Zinc – Skorpion - - - - - - - Mined metal content- BMM 19 16 16% 15 33 31 8% Mined metal content- Gamsberg 55 39 43% 53 108 85 27% Total 74 55 35% 68
Slide 73: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Quarter Half Year OIL AND GAS (boepd) 2QFY23 2QFY22 % YoY 1QFY23 1HFY23 1HFY22 % YOY Average Daily Gross Operated 140,471 165,327 (15%) 148,104 144,267 165,114 (13%) Production (boepd) Rajasthan 120,805 141,766 (15%) 127,815 124,291 140,787 (12%) Ravva 9,952 14,282 (30%)
Slide 74: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Quarter Half Year OIL AND GAS (boepd) 2QFY23 2QFY22 % YoY 1QFY23 1HFY23 1HFY22 % YOY Average Daily Production Gross operated 140,471 165,327 (15%) 148,104 144,267 165,114 (13%) Oil 118,279 138,121 (14%) 126,292 122,264 139,044 (12%) Gas (Mmscfd) 133 163 (18%) 131 132 156
Slide 75: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore and Steel Iron Ore Particulars (in million dry metric tonnes, or Quarter Half year as stated) 2QFY23 2QFY22 % YoY 1QFY23 1HFY23 1HFY22 % YoY Sales 1.3 1.3 2% 1.3 2.6 3.0 (12%) Goa 0.0 0.1 (59%) 0.4 0.4 0.5 (18%) Karnataka 1.3 1.2 7% 0.9 2.2 2.5 (11%) Production of Saleable
Slide 76: Segment Summary – FACOR and Copper
Segment Summary – FACOR and Copper Copper Quarter Half year Production (in ’000 tonnes, or as stated) 2QFY23 2QFY22 % YoY 1QFY23 1HFY23 1HFY22 % YoY Copper - Cathodes 41 30 39% 38 80 58 37% Financials (In ₹ crore, except as stated) Revenue 4,011 3,560 13% 4,215 8,226 7,059 17% EBITDA 15 (38) - (14)
Slide 77: Segment Summary – Power
Segment Summary – Power Quarter Half Year Particulars (in million units) 2QFY23 2QFY22 % YoY 1QFY23 1HFY23 1HFY22 % YoY Total Power Sales 3,615 2,904 24% 3,577 7,192 5,621 28% Jharsuguda 634 760 (17%) 837 1,471 1,305 13% BALCO 14 199 (93%) - 14 608 (98%) HZL Wind Power 124 155 (20%) 150 274 289 (3%)
Slide 78: Sales Summary – Zinc and Aluminium
Sales Summary – Zinc and Aluminium Quarter Half Year Sales volume 2QFY23 2QFY22 1QFY23 1HFY23 1HFY22 Zinc-India Sales Refined Zinc (kt) 189 164 206 395 352 Refined Lead (kt) 57 47 54 110 95 Total Zinc-Lead (kt) 246 211 260 506 447 Silver (tonnes) 194 152 177 371 312 Zinc-International Sales Zinc Ref
Slide 79: Sales summary – Iron & Steel, FACOR and Power
Sales summary – Iron & Steel, FACOR and Power Quarter Half Year Sales volume Quarter Half Year Sales volume 2QFY23 2QFY22 1QFY23 1HFY23 1HFY22 Power Sales (mu) 2QFY23 2QFY22 1QFY23 1HFY23 1HFY22 Iron ore sales Jharsuguda 634 760 837 1,471 1,305 Goa (mn dmt) 0.0 0.1 0.4 0.4 0.5 TSPL 2,843 1,790 2,590
Slide 80: Currency and commodity sensitivities
Currency and commodity sensitivities Foreign Currency - Impact of ₹ 1 depreciation in FX Rate Currency Increase in EBITDA INR/USD ~ ₹ 1,000 crore / year Commodity prices – Impact of a 10% increase in Commodity Prices 1H FY23 Impact on Commodity Average price EBITDA ($mn) Oil ($/bbl) 107 44 Zinc ($/t
Slide 81: Group structure
Group structure As of 30-Sep-22 Listed entities Vedanta Resources Ltd Unlisted entities Divisions of Vedanta Limited 79.4% 69.7% ⚫ Sesa Iron Ore ⚫ Sterlite Copper Konkola ⚫ Power (600 MW Jharsuguda) Copper Vedanta Ltd Mines (KCM) ⚫ Aluminium (Odisha aluminium and power assets) ⚫ Cairn Oil & Gas* Sub
Slide 82: Disciplined capital allocation framework
Disciplined capital allocation framework o Intend to deleverage at group level Key Strategic Priority Optimize Leverage Ratio o Leverage ratio at Vedanta Limited should not be more than 1.5x. Project Capex o Volume augmentation, cost reduction or creating value added products are key guiding princip
Slide 83: Awards and Recognition - 2QFY23
Awards and Recognition - 2QFY23 Our group companies received more than 100 awards in the finance, operational excellence, sustainability, CSR and HR categories Sustainability development Finance and Operational Health, Safety & HR & CSR Balco awarded with ‘CEE Environment Balco awarded with ‘Happies
Slide 84: Results Conference Call Details
Results Conference Call Details Results conference call is scheduled at 5:30 PM (IST) on Oct 28, 2022. The dial-in numbers for the call are given below: Event Telephone Number +91 22 6280 1114 Universal Dial-In Earnings conference call +91 22 7115 8015 on Oct 28, 2022 India National Toll Free 1 800