Vedanta Limited · NSE:VEDL
Vedanta — Q3 FY2021 Earnings Presentation
76 slides from Vedanta's earnings presentation, Jan 29, 2021
Slide 1: Outcome of Board Meeting letter to exchanges
VEDL/Sec./SE/20-21/169 January 29, 2021 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 Dear Sir(s), Sub: Outcome of the Board
Slide 2: Exchange letter closing
A brief profile of Ms. Somani is enclosed herewith. The same shall also be considered as compliance with Regulation 30 of the SEBI Listing Regulations. The meeting of the Board of Directors of the Company dated January 29, 2021 commenced at 1:50 pm and concluded at 3:40 pm. We request you to kindly
Slide 3: Independent Auditor's Review Report (Consolidated)
12th Floor, The Ruby S.R. BATLIBOI & Co. LLP ase Wes) Chartered Accountants Mumbai - 400 028, India Tel: +91 22 6819 8000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing O
Slide 4: Auditor report: emphasis of matter
SR. BATLIBOI& Co. LLP Chartered Accountants Emphasis of matter 6. We draw attention to note 3 of the accompanying consolidated financial results which describes the uncertainty arising out of the demands that have been raised on the Group, with respect to government’s share of profit oil by the Dire
Slide 5: Auditor signature
SUDHIR Digitally signed by SUDHIR MURLIDHAR SONI MURLIDHAR DN: cn=SUDHIR MURLIDHAR SONI, c=IN, o=Personal, SONI email=sudhir.soni@srb.in Date: 2021.01.29 15:31:40 +05'30'
Slide 6: List of subsidiaries, associates and joint ventures
SR. BATLIBOI& Co. LLP Chartered Accountants Annexure 1 to our report dated January 29, 2021 on the consolidated financial results of Vedanta Limited for quarter ended December 31, 2020 List of subsidiaries/associates/ joint ventures Subsidiaries S.No. | Name 1 Bharat Aluminium Company Limited (BALCO
Slide 7: List of subsidiaries (continued)
SR. BATLIBOI& Co. LLP Chartered Accountants S.No. | Name 45 Cairn South Africa Pty Limited 46 Vedanta ESOS Trust 47 Avanstrate (Japan) Inc. (ASI) 48 Avanstrate (Korea) Inc 49 Avanstrate (Taiwan) Inc 50 Electrosteel Steels Limited 51 Lisheen Mine Partnership Ferro Alloy Corporation Limited (FACOR) (A
Slide 8: Statement of Unaudited Consolidated Results
2 vedanta transforming elements 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 CONSOLIDATED RESULTS FOR THE QUARTER AND NINE MONTHS
Slide 9: Consolidated results (continued)
(% in Crore except as stated) Quarter ended Nine months ended Year ended S.N Particular: 31.12.2020 30.09.2020* 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 + No. culars (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) Other Comprehensive Income/ 13 (loss) (a) Ite
Slide 10: Consolidated segment information
(% in Crore except as stated) Quarter ended Nine months ended Year ended 31.12.2020 30.09.2020* 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 S. No. |Segment Information (Unaudited) (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Audited) 1 Segment Revenue a) Zinc, Lead and Silver (i) Zin
Slide 11: Segment assets and liabilities
(% in Crore except as stated) Quarter ended Nine months ended Year ended 31.12.2020 30.09.2020* 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 S.No. |Segment Information (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) 4 Segment liabi ies a) Zinc, Lead and Silver -
Slide 12: Notes to consolidated results
Notes:- The above consolidated results of Vedanta Limited ("the Company") and its subsidiaries, jointly controlled entities, and associates for the quarter and nine months ended December 31, 2020 have been reviewed by the Audit Committee at its meeting held on January 28, 2021 and approved by the Bo
Slide 13: Notes: Rajasthan PSC extension
The management is of the opinion that the Company is eligible for automatic extension of Production Sharing Contract (PSC) for Rajasthan (RJ) block on same terms w.e.f May 15, 2020, a matter which is sub-judice. In parallel, Government of India (Gol), accorded its approval for extension of the PSC,
Slide 14: Notes: FACOR acquisition
Vedanta Limited has acquired control over Ferro Alloys Corporation Limited (“FACOR”) on September 21, 2020. FACOR was admitted under Corporate insolvency resolution process in terms of the Insolvency and Bankruptcy Code, 2016 of India. The National Company Law Tribunal (NCLT) vide its order dated Ja
Slide 15: Notes: COVID-19 and Board signature
10 |The Group has considered the possible effects of COVID-19 including on the recoverability of property, plant and equipment 11 (PPE), loans and receivables, etc in accordance with Ind AS. The Group has considered forecast consensus, industry reports, economic indicators and general business condi
Slide 16: Independent Auditor's Review Report (Standalone)
12th Floor, The Ruby S.R. BATLIBOI & Co. LLP ase Wes) Chartered Accountants Mumbai - 400 028, India Tel: +91 22 6819 8000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obl
Slide 17: Auditor signature
SUDHIR Digitally signed by SUDHIR MURLIDHAR SONI MURLIDHAR DN: cn=SUDHIR MURLIDHAR SONI, c=IN, o=Personal, SONI email=sudhir.soni@srb.in Date: 2021.01.29 15:30:05 +05'30'
Slide 18: Statement of Unaudited Standalone Results
vedanta transforming elements 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 NINE MONTHS ENDE
Slide 19: Standalone segment information
(2 in Crore) Quarter ended Nine months ended _| Year ended 31.12.2020 | 30.09.2020 | 31.12.2019 | 31.12.2020 | 31.12.2019 | 31.03.2020 5. No. Segment Information (Unaudited) (Unaudited) | (Unaudited) | (Unaudited) (Unaudited)| (Audited) 1 | Segment Revenue a) | Oil & Gas 1,032 909 2,064 2,691 5,436
Slide 20: Notes to standalone results
Notes:- The above results of Vedanta Limited ("the Company"), for the quarter and nine months ended December 31, 2020 have been reviewed by the Audit Committee at its meeting held on January 28, 2021 and approved by the Board of Directors at its meeting held on January 29, 2021. The statutory audito
Slide 21: Notes: Rajasthan PSC extension
The management is of the opinion that the Company is eligible for automatic extension of Production Sharing Contract (PSC) for Rajasthan (RJ) block on same terms w.e.f May 15, 2020, a matter which is sub-judice. In parallel, Government of India (Gol), accorded its approval for extension of the PSC,
Slide 22: Notes: COVID-19 and dividend income
10 |The Company has considered the possible effects of COVID-19 including on the recoverability of property, plant and equipment (PPE), loans and receivables, etc in accordance with Ind AS. The Company has considered forecast consensus, industry reports, economic indicators and general business cond
Slide 23: Press release: Consolidated Results for Third Quarter
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 29th January 2021 Vedanta Limited Consolidated Results for the Third Quarter ended 31st
Slide 24: Operational Highlights
Unaudited Results for the Third Quarter ended 31 December 2020 Operational Highlights • Zinc India: o Highest ever quarterly ore production at 4.0 million tonnes, with highest ever mine development of 27 km o Mined metal production at 244 kt, up 2% q-o-q • Zinc International: o Gamsberg highest ever
Slide 25: Consolidated Financial Performance
Unaudited Results for the Third Quarter ended 31 December 2020 The Balance Sheet continues to remain strong with a consolidated Net Debt / EBITDA ratio of ~1.5X with improving debt maturity profile. Yet we target to reduce net debt by above Rs 5,000 crores in the coming quarter. ROCE at double digit
Slide 26: Revenues and EBITDA commentary
Unaudited Results for the Third Quarter ended 31 December 2020 Revenues Revenue in Q3 FY2021 was at ₹ 22,498 crores, higher by 8% q-o-q, primarily due to higher commodity prices, higher sales at Aluminium, Iron ore and Steel business, partially offset by lower sales at Zinc India, lower PLF at TSPL
Slide 27: Taxes, PAT, EPS and Balance Sheet
Unaudited Results for the Third Quarter ended 31 December 2020 Taxes Tax charge for Q3 FY2021 stood at ₹ 1,186 cr (Q2 FY2021: Tax charge of ₹ 2,370 cr). The normalized ETR is 27% in Q3 FY2021 (excluding tax on dividend from Zinc India) compared to 29% in Q2 FY21 which is due to PBT mix within entiti
Slide 28: Key Recognitions
Unaudited Results for the Third Quarter ended 31 December 2020 Key Recognitions Vedanta has been consistently recognized through the receipt of various awards and accolades. We received the following key recognitions recently: CAIRN • Project "CREST" awarded for Best Project under External Collabora
Slide 29: Recognitions: Sterlite Copper, Electrosteel, CSR
Unaudited Results for the Third Quarter ended 31 December 2020 STERLITE COPPER • Sterlite Copper Silvassa unit won Par Excellence Award for Kaizen Competition by Quality Circle Forum India at 6th National Conclave on 5S ELECTROSTEEL • CSR department of ESL won 3 awards in National Summit & Award Cer
Slide 30: Results Conference Call
Unaudited Results for the Third Quarter ended 31 December 2020 Results Conference Call Please note that the results presentation is available in the Investor Relations section of the company website www.vedantalimited.com - http://www.vedantalimited.com/investor- relations/results-reports.aspx Follo
Slide 31: Investor Relations contacts
Unaudited Results for the Third Quarter ended 31 December 2020 For further information, please contact: Investor Relations Varun Kapoor Director, Investor Relations Tel: +91 124 476 4096 vedantaltd.ir@vedanta.co.in Suruchi Daga Associate General Manager Raksha Jain Manager Shweta Arora Manager Commu
Slide 32: About Vedanta Limited
Unaudited Results for the Third Quarter ended 31 December 2020 About Vedanta Limited Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Alumi
Slide 33: Q3 FY2021
Q3 FY2021 January 2021 Sensitivity: Internal (C3)
Slide 34: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer The views expressed here may contain information derived from statement involves risk and uncertainties, and that, although we publicly available sources that have not been independently verified. believe that the assumption on which our forward-looking statements
Slide 35: Contents
Contents Section Presenter Page Q3 FY21 Review & Business Update Sunil Duggal, CEO 4 Financial Update Arun Kumar, CFO 18 Appendix 25 VEDANTA LIMITED – Q3 FY2021 INVESTOR PRESENTATION 3 Sensitivity: Internal (C3)
Slide 36: Q3 FY2021 Review & Business Update
Q3 FY2021 Q3 FY2021 Review Sunil Duggal | Chief Executive Officer & Business Update Sensitivity: Internal (C3)
Slide 37: Key Highlights: Q3 FY2021
Key Highlights: Q3 FY2021 ▪ Aluminium Sustained lower cost of production at $1,387/t and EBITDA margin of 28% ▪ Zinc India Highest ever quarterly ore production of 4.0 Mnt and record mine development of 27km Lowest 9M cost of production since transition to UG operation ▪ Zinc International Gamsberg
Slide 38: Step changes towards better ESG performance
Step changes towards better ESG performance Vedanta Dow Jones Sustainability Index Ranking Improves to 12th Globally (20th in 2019) Ltd. Ranked 2nd in Asia Pacific Region in metals and mining sector (7th in 2019) Hindustan Dow Jones Sustainability Index Ranking 2nd Globally (5th in 2019) Zinc Ltd. C
Slide 39: Heading Towards – Zero Harm, Zero Waste, Zero Discharge
Heading Towards – Zero Harm, Zero Waste, Zero Discharge Safety Program Update Environment Update ▪ Group wide review of permit to work Water ▪ ~7.5 million m3 of water and isolation procedure conservation savings over three years 3 fatalities in Q3 ▪ Safety Alert Dashboard for improving implementati
Slide 40: Aluminium: Record Cost Performance
Aluminium: Record Cost Performance Structural Reduction in Cost Performance Update 1,769 Quarter Performance: 1,691 1,387 ▪ Aluminium production 503 kt*, up 5% y-o-y and 6% q-o-q 1,288 1,315 ▪ Aluminium COP $ 1,387/t, down 18% y-o-y and up 8% q-o-q ▪ Lanjigarh production 407 kt, down 14% y-o-y and 1
Slide 41: Aluminium: Significant progress on Strategic levers Continues
Aluminium: Significant progress on Strategic levers Continues COP $/t 1,690 1,300-1,350 c. 1,200 FY20 FY21e Target (2-3 years) ✓ Lanjigarh operational excellence, ✓Lanjigarh capacity expansion from significantly reducing COP ~2 Mtpa to 5 Mtpa* ✓ Optimised local and global bauxite ✓ Radhikapur (West)
Slide 42: Zinc India: Completed 1.2 Mnt Mined Metal
Zinc India: Completed 1.2 Mnt Mined Metal Project Activities Sustained production post-transition to fully UG mining company Optimize Operations: 50 kms development 1,500 target. Reduction in waste dilution factor UG% 39% 53% 76% 100% 100% 1,200 and achieving benchmark recovery Faster stope turnarou
Slide 43: Zinc India: Strong Momentum in Silver Production
Zinc India: Strong Momentum in Silver Production 1,000 Maintaining our position globally as a leading silver producer Fastest Growing Silver Company Silver Production in tonnes 800 2019 Target 2015 2018 679 Rank - 9 Rank - 6 Top 3 Rank - 18 610 558 373 610 635 453 425 1,054 995 1,257 FY16 FY17 FY18
Slide 44: Zinc International: Gamsberg Positioning for Long Term Value Creation
Zinc International: Gamsberg Positioning for Long Term Value Creation Continued Performance Ramp up Performance Update ▪ Highest ever Production at 43kt, up 39% y-o-y and 600 23% q-o-q. 469 380 ▪ COP at $1,240, down 13% y-o-y and almost flat q-o-q 279 due to better recoveries, cost control measures
Slide 45: Oil & Gas: Focus on Delivery of Growth Projects
Oil & Gas: Focus on Delivery of Growth Projects Growth Projects OALP ▪ Drilling: ▪ Gas Terminal: New gas facility commissioned; o Rajasthan: Oil discovery notified in the first well gas production being ramped up by ~15 kboepd (KW2-Updip-1); evaluation on-going to establish ▪ Aishwariya Barmer Hill:
Slide 46: Iron ore: Increasing YTD Profitability by ~75%
Iron ore: Increasing YTD Profitability by ~75% Iron Ore Goa Value Added Business Iron Ore Karnataka ▪ Capitalised opportunity of rising ▪ Benefitted by domestic steel ▪ Production up 21% y-o-y and prices and International coal Global prices by increasing sales in Q3 prices down 1% q-o-q ▪ Mobilized
Slide 47: Other Assets: ESL Steel and FACOR
Other Assets: ESL Steel and FACOR ESL Steel FACOR Performance Update Margin Improved By 2.5x Post Acquisition ▪ Ever highest quarterly 372 kt hot metal Complete Turnaround Performance production since acquisition ▪ Operationalized and enhanced production in 2 mines ▪ Robust margin of ~22% in Q3, hig
Slide 48: Creating Value: New Business Model – Integrated Procurement & Marketing
Creating Value: New Business Model – Integrated Procurement & Marketing Single face for selling of Consolidated buying for key commodities majority spends across businesses – Economies of scale, value buying Focus on digitalization & Move to E-Commerce sales Strategic Buying through touch for connec
Slide 49: Project Pratham: Digital First
Project Pratham: Digital First Digital Transformation, R&D and Innovation driving business value Smart Manufacturing and Project Disha: Integrated Advance Process Control Data and Decision Platform enabling analytics-led driving volume increments decisions and monetizing and asset optimization wealt
Slide 50: Finance Update
Q3 FY2021 Finance Update Arun Kumar | Chief Financial Officer Sensitivity: Internal (C3)
Slide 51: Financial snapshot Q3
Financial snapshot Q3 EBITDA Attributable PAT (before exceptional ND/EBITDA items & tax on dividend) ₹ 7,695 cr ₹ 3,017 cr 1.5x Up 18% q-o-q Up 51% q-o-q Maintained at low level EBITDA Margin * ROCE # Cash & Cash Equivalents 39% c.13% ₹ 27,055cr Industry leading margin Continuing double digit Liquid
Slide 52: EBITDA Bridge (Q3 FY2020 vs. Q3 FY2021)
EBITDA Bridge (Q3 FY2020 vs. Q3 FY2021) (In ₹ crore) Oil & Gas (1437) Aluminum 606 Oil & Gas (368) Aluminum 143 RPO (256) Zinc, Lead & Silver 650 Others 215 IOB 180 PP (55) ESL 177 451 321 530 1079 338 8,243 1,244 7,695 6,531 Al 283 TSPL (65) IOB 133 HZL 265 Cairn (86) Market & Regulatory ₹ 1,712 cr
Slide 53: EBITDA Bridge (Q2 FY2021 vs. Q3 FY2021)
EBITDA Bridge (Q2 FY 2021 vs. Q3 FY 2021) (In ₹ crore) Aluminium 795 Zinc, Lead & Silver 462 IOB 142 AL (131) Electrosteel 161 Cu (28) 1,658 182 … 115 … 15 7,877 31 213 7,695 6,531 Al (208) IOB 193 ZI 23 Cairn 17 Market & Regulatory ₹ 1,346 crore Q2 FY 21 LME/ Brent / Input Currency Regulatory & Adj
Slide 54: Net Debt for Q3 FY 2021
Net Debt for Q3 FY 2021 (In ₹ crore) Inventory ,Debtors and others (1,082) Creditors / Customers advance (1,773) 3,108 67 35,357 6,684 27,190 6,425 2,013 2,855 FCF Post Capex ₹ 1,557Cr Net Debt CF from WC Capex Dividend Inter co. Translation Net Debt 1st Oct’20 Operations Movements Paid loan to & Ot
Slide 55: Balance Sheet
Balance Sheet Term Debt Maturities : INR 53,864 Cr ($7.4bn) (as at 31 Dec 2020) ▪ Liquidity 38% – Cash and cash equivalents at ₹ 27,055 crore 20.6 26% ▪ Net Interest – 14.3 18% 7.7 ▪ Interest Income – Returns ~6.0%. 14% ₹ ‘000 Crore 4.7 9.5 ▪ Interest Expense – Maintained ~7.8% 7.7 3% 4.5 12.9 ▪ Ave
Slide 56: Strategy to Enhance Long Term Value
Strategy to Enhance Long Term Value Continue Focus on World Class ESG Performance Augment Our Reserves & Resources Base Operational Excellence and Cost Leadership Optimise Capital Allocation & Maintain Strong Balance Sheet Delivering on Growth Opportunities VEDANTA LIMITED – Q3 FY2021 INVESTOR PRESE
Slide 57: Appendix
Q3 FY2021 Appendix Sensitivity: Internal (C3)
Slide 58: Income Statement
Income Statement Depreciation & Amortization Q3 Q3 Q2 In ₹ Crore FY’21 FY’20 FY’21# • Depreciation q-o-q remained flat. Revenue from operations 22,498 21,126 20,804 • Lower y-o-y majorly on account of Oil & Gas Other operating income EBITDA^ 237 7,695 234 6,531 303 6,531 assets impairment in Q4 FY 2
Slide 59: Entity Wise Cash and Debt
Entity Wise Cash and Debt (In ₹ crore) Dec 31, 2020 Sep 30, 2020 Dec 31, 2019 Company Cash & Cash & Cash & Debt Net Debt Debt Net Debt Debt Net Debt Cash Eq Cash Eq Cash Eq Vedanta Limited Standalone 33,824 2,993 30,831 32,790 1,967 30,823 36,569 3,808 32,761 Cairn India Holdings 2,826 1,127 1,699 3
Slide 60: Inter Company Loan
Inter Company Loan Below is the summary details of Inter Company Loan (“ICL”) extended by overseas subsidiaries (CIHL) of Vedanta Limited to Vedanta Resources Limited and its wholly owned subsidiary during the year: ICL outstanding* $ 956mn $ 207mn due in June 2021 $ 300mn due in June 2022 Repayment
Slide 61: Debt Breakdown & Funding Sources
Debt Breakdown & Funding Sources Diversified Funding Sources for Term Debt of $7.4bn Debt Breakdown (as of 31st Dec 2020) (as of 31st Dec 2020) Debt breakdown as of (in $bn) (₹ in 000’ Cr) 31st Dec 2020 1% Term debt 7.4 53.9 Term Loans-INR 13% Working capital 0.5 3.3 Bonds-INR Short term borrowing 0
Slide 62: Segment Summary – Zinc India
Segment Summary – Zinc India Q3 Q2 9M Production (in ’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Mined metal content 244 235 4% 238 684 Integrated metal 235 219 7% 237 674 Refined Zinc – Integrated 182 178 2% 180 520 1 Refined Lead – Integrated 52 41 28% 57 153 Refined Sal
Slide 63: Segment Summary – Zinc International
Segment Summary – Zinc International Q3 Q2 9M Production (in’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Refined Zinc – Skorpion - 11 - - 1 Mined metal content- BMM 16 18 (13)% 16 43 Mined metal content- Gamsberg 43 31 39% 35 103 Total 59 60 (2)% 51 147 Financials (In ₹ Cro
Slide 64: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q3 Q2 9M OIL AND GAS (boepd) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Average Daily Gross Operated Production 159,621 172,189 (7%) 165,045 161,157 (boepd) Rajasthan 132,174 145,075 (9%) 132,296 130,813 Ravva 16,770 13,360 26% 21,610 20,132 Cambay 10,677 13,754 (22%) 11
Slide 65: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q3 Q2 9M OIL AND GAS (boepd) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Average Daily Production Gross operated 159,621 172,189 (7%) 165,045 161,157 Oil 136,687 153,472 (11%) 142,150 140,528 Gas (Mmscfd) 138 112 23% 137 124 Non-operated- Working interest 432 596 (28%) 29
Slide 66: Segment Summary – Aluminium
Segment Summary – Aluminium Q3 Q2 9M Particulars (in’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Alumina – Lanjigarh 407 476 (14)% 462 1,345 Total Aluminum Production 497 483 3% 473 1,438 Jharsuguda-I 132 139 (5)% 131 396 Jharsuguda-II* 218 203 7% 200 617 245kt Korba-I 68 6
Slide 67: Aluminium profitability
Aluminium profitability $/t Q2 ‘FY21 1,704 47 66 1,817 (534) (479) (275) (51) 477 (139) (333) 5 1,288 Q3 ‘FY21 1,387 1,916 68 2,027 43 603 484 300 76 565 136 323 105 245 LME Ingot Value Other Realisation Alumina Power Conversion EBITDA Dep Int PBT Premium addition Hot & Others Metal VEDANTA LIMITED
Slide 68: Segment Summary – Power
Segment Summary – Power Q3 Q2 9M Particulars (in million units) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Total Power Sales 2,066 2,282 (9)% 3,998 7,910 Jharsuguda 784 7 - 807 2,277 BALCO 395 387 2% 418 1,217 HZL Wind Power 67 68 (2)% 107 286 TSPL 820 1,820 (55)% 2,666 4,130 Financials (in ₹ crore
Slide 69: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore Particulars (in million dry metric tonnes, or Q3 Q2 9M as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Sales 1.78 1.72 3% 1.49 4.28 Goa 0.58 0.20 - 0.16 1.32 Karnataka 1.20 1.52 (21)% 1.33 2.96 Production of Saleable Ore 1.44 1.19 21% 1.46 3.85 Goa - - - - - Karnata
Slide 70: Segment Summary – Copper India
Segment Summary – Copper India Q3 Q2 9M Production (in ’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Copper - Cathodes 25 20 22% 25 66 Financials (In ₹ crore, except as stated) Revenue 2,664 1,835 45% 2,904 6,945 EBITDA (31) (61) (15)% (11) (105) Copper LME Price ($/MT) 7,16
Slide 71: Sales Summary
Sales Summary Sales volume Q3 FY2021 Q3 FY2020 Q2 FY2021 9M FY2021 Zinc-India Sales Refined Zinc (kt) 182 172 181 526 Refined Lead (kt) 53 41 57 155 Total Zinc-Lead (kt) 235 213 238 681 Silver (tonnes) 183 153 203 532 Zinc-International Sales Zinc Refined (kt) 0 6 0 1 Metal in Zinc Concentrate (kt)
Slide 72: Sales Summary
Sales Summary Q3 Q3 Q2 9M Sales volume Q3 Q3 Q2 9M Sales volume FY 2021 FY 2020 FY 2021 FY2021 Power Sales (mu) FY 2021 FY 2020 FY 2021 FY2021 Iron-Ore Sales Jharsuguda 784 7 807 2277 TSPL 820 1,820 2,666 4130 Goa (Mn DMT) 0.6 0.2 0.2 1.3 BALCO 395 387 418 1217 Karnataka (Mn DMT) 1.2 1.5 1.3 3.0 HZL
Slide 73: Currency and Commodity Sensitivities
Currency and Commodity Sensitivities Foreign Currency - Impact of ₹ 1 depreciation in FX Rate Currency Increase in EBITDA INR/USD ~ ₹ 600 crore / year Commodity prices – Impact of a 10% increase in Commodity Prices YTD FY 2021 Full Year Impact on Commodity Average price EBITDA ($mn) Oil ($/bbl) 39 6
Slide 74: Group – Present Debt Structure
Group – Present Debt Structure ($ bn) Vedanta Resources (Consolidated) Volcan 9M FY21 9M FY21 EBITDA 2.5 EBITDA - Net Debt 11.8 Net Debt 0.2 Vedanta Resources (Standalone) 9M FY21 % EBITDA - Divisions of Vedanta Limited Net Debt 7.0 59% 55.1% ⚫ Sesa Iron Ore ⚫ Sterlite Copper Vedanta Ltd (Consolidat
Slide 75: Results Conference Call Details
Results Conference Call Details Results conference call is scheduled at 6:30 PM (IST) on January 29, 2021. The dial-in numbers for the call are given below: Event Telephone Number Earnings conference call on January 29, 2021 India – 6:30 PM (IST) India: +91 7045671221 Toll free: 1800 120 1221 Univer
Slide 76: Profile of Ms. Padmini Somani
Profile of Ms. Padmini Somani Ms. Padmini Somani has been active in the philanthropy and development space for over 20 years. She is the vision behind Salaam Bombay Foundation that she founded in 2002, working with more than 3 million children across India. She has been recognized for her work in yo