Vedanta Limited · NSE:VEDL
Vedanta — Bank of America Virtual Commodities Conference 2025
22 slides from Vedanta's conference presentation, Jun 24, 2025
Slide 1: Investor Presentation
Investor Presentation Bank of America Conference 24 June 2025
Slide 2: Table of Contents
Table of Contents 01 Strong Credentials 02 Vedanta 2.0 : A New Chapter in Vedanta’s Journey Aluminum: Targeting Top 3 Position Globally 03 04 Consolidated Performance: Doubling EBITDA 2
Slide 3: Strong Credentials
3S BV vedanta transforming for good
Slide 4: Well Diversified Mineral and Natural Resources Player with a Global Footprint
Well Diversified Mineral and Natural Resources Player with a Global Footprint 15+ 60+ Market Leader in Commodities Markets India for Key Exposure Exposure Commodities INDIA EAST ASIA LIBERIA Glass (Iron Ore) INDIA UAE MULTIPLE Fujairah Gold NAMIBIA COPPER SCORPION MINE ALUMINIUM (45% Market Share) (
Slide 5: Robust Operating Performance
Robust Operating Performance Zinc-Lead Silver Copper Aluminium Steel Power Iron Ore Oil & Gas Strong EBITDA Performance 1,800 In $ bn 1,600 5.2 Total Production Copper Equivalent (kt) 1,400 1,200 3.6 1,000 800 600 400 200 0.4 0 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY
Slide 6: ESG Leadership
ESG Leadership Top Rank in the S&P’s Global CSA 2024 Integrating ESG through quality initiatives S&P Global Hindustan Zinc Vedanta Aluminium CSA 3% Aluminium 3% Diversified Metals & Mining peers Category Peers 6% (248 in numbers) (30 in No.) 30% 7% Total 350+ Rank (2024) 1st 2nd high impact 9% ESG i
Slide 7: Vedanta 2.0 A New Chapter
vedanta transforming for good edanta 2.0 A New Chapter—aam
Slide 8: Demerger to Establish Pure Play Companies Set for Growth
Demerger to Establish Pure Play Companies Set for Growth Listed Business after Demerger; Vedanta Inc / VRL Vedanta Limited 56.4% 56.4% 56.4% 56.4% 56.4% Aluminum Power Oil & Gas Steel & Ferrous 4th Largest Aluminium Producer 5th largest private sector India’s largest private sector One of the larges
Slide 9: Fast Growing Business Portfolio
Fast Growing Business Portfolio Aluminium Vedanta Limited (HZL + ZI + FACOR) Zinc India Zinc International 2.4 → 2.85 → 3.1 1.1 → 1.2 → 1.38* 325 → 500+ Smelting Capacity (MTPA) Smelting Capacity (MTPA) MIC Capacity (KTPA) (2.85 MTPA in FY26) (500+ by FY26) (1.2 in FY27) FACOR 2 → 5+ 800 → 830 150 →
Slide 10: Catalyst 1: Domestic Growth Story
Catalyst 1: Domestic Growth Story Global Mineral Demand for Energy Transition (2022 – 2050) INDIA- Strong macro tailwinds 4.2x 4.5x CAGR 6.3%1 3.3x 3.4x 3.1x 3.2x GDP Target (Real) $3.9 tn $5.6 tn 1.8x CAGR 5.3% 1.2x Per capita income (Real) $2.47k $3.33k Copper Aluminium Zinc Lead Steel Nickel Silv
Slide 11: Catalyst 2: Long Life Reserves Base
Catalyst 2: Long Life Reserves Base FY2025 POSITIONING R&R Life1 Production Aluminium 25+ 2,422kt Strategically located large-scale assets with integrated power Zinc India 1,052kt 25+ Largest integrated zinc-lead producer Silver 25+ 687 tons 3rd largest silver producer globally Zinc International 17
Slide 12: Catalyst 3: Enabling Global Cost Leadership
Cost Leadership Catalyst 3: Enabling Global Cost Leadership Business Aluminium Aluminium Zinc ZincIndia India ZincInternational Zinc International 1st quartile position 1st decile position 2nd quartile position Current in global aluminium cost curve in global zinc mine cost curve in global zinc mine
Slide 13: Capex of $11 bn Under Implementation
Capex of $ 11 bn Under Implementation Approved Unspent4 as on 31st Business Capex in Progress (In $ mn) Spent up to FY253 Capex2 Mar 2025 Total 10,789 5595 5394 Jharsuguda: VAP capacity expansion and others 254 169 85 Mines: Coal & Bauxite Mines (Jamkhani, Radhikapur, Kurloi, 1079 162 917 Vedanta Al
Slide 14: Continuous Deleveraging
Continuous Deleveraging VedantaLimited Vedanta Limited VedantaVedanta Resources (Parent) Resources Near FY24 FY25 FY20 FY24 FY25 Med Term Term VEDL Group4 Net ND/EBITDA > 1.6x > 1.2x > ~1x Debt/EBITDA > 3.3x > 2.7x > 2x > 1x Net Debt to EBITDA Ratio1 Net Debt at VRL Standalone2,3 Debt maturity at VR
Slide 15: Aluminium: Targeting Top Position Globally
Aluminium Targeting Top 3 Position Globally
Slide 16: World’s 3rd Largest Aluminium producer (ex-China)
Aluminium Business World’s 3rd Largest Aluminium producer (ex-China) 5 coal and 2 bauxite mines within 100kms of our plants Global Production (mTPA)- CY 2024 Indian Aluminium Capacity 5.9 (mTPA) 2.85 * 5.1 4.1 3.7 3.3 3 2.85 * 2.7 1.34 2.4 0.46 Vedanta Hindalco NALCO Hongqiao Chinalco RUSAL Xinfa Ri
Slide 17: World’s 3rd Largest Aluminium producer (ex-China)
Aluminium Business World’s 3rd Largest Aluminium producer (ex-China) 5 coal and 2 bauxite mines within 100kms of our plants India Chhattisgarh Korba Smelter (BALCO) Ghogharpalli Barra Jamkhani Kolkata port 50 – 100 kms Kuraloi Jharsuguda Smelter 50 – 100 kms radius Paradip port Radhikapur Lanjigarh
Slide 18: Integration Roadmap
Aluminium Business Integration Roadmap Extensive resources to support low-cost large-scale mining FY23 FY24 FY25 FY26 FY27 FY28 SMELTER 2.3 2.4 2.4 2.88 2.88 3.1* (YE Capacity mTPA) REFINERY 2 2 3.5 5 5 6* (YE Capacity mTPA) VAP CAPACITY 61% 61% 71% 90+% 90+% 90+% (YE %) CAPTIVE COAL (YE Capacity mT
Slide 19: Targeting Cost Leadership
Aluminium Business Targeting Cost Leadership Cost of Production EBITDA ($ Bn) Hot Metal Cost ($/t) 4.0 1835 1600-1650 3.2 1550-1600 TBD 2.1 FY25 FY27e FY30e FY25 FY27e FY30e • LME: 2500 $/t (FY27); 2600 $/t (FY30) 019 9
Slide 20: Doubling EBITDA
= vedanta transforming for good Doubling EBITDA
Slide 21: Targeting over $10 Bn EBITDA and over $5 Bn FCF
Targeting over $10 Bn EBITDA and over $5 Bn FCF Vedanta Aluminium Oil and Gas Iron & Steel Power Zn Vol 1.38 MTPA Iron Ore Silver Vol 830 tons 30 MTPA Operating Volume Volume 5 GW 3.1 Volume Iron Ore (mtpa) Capacity Zn India Zn LME 2800 ($/t) 150 (kboepd) Price (Fe Silver LME 34 $/oz 100 62) ($/t) N
Slide 22: 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
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