Vedanta Limited · NSE:VEDL
Vedanta — Q2 FY2021 Earnings Presentation
78 slides from Vedanta's earnings presentation, Nov 6, 2020
Slide 1: Outcome of the Board Meeting held on November 6, 2020
VEDL/Sec./SE/20-21/131 November 6, 2020 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: Independent Auditor's Review Report on Consolidated Results
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 3: Qualified conclusion, emphasis of matter and other matters
SR. BATLIBOI& Co. LLP Chartered Accountants Qualified conclusion 6. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 8 and 10 below, except for the possible effects of
Slide 4: Auditor digital 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: 2020.11.06 16:27:09 +05'30'
Slide 5: Annexure: List of subsidiaries, associates and joint ventures
SR. BATLIBOI& Co. LLP Chartered Accountants Annexure | to our report dated November 6, 2020 on the consolidated financial results of Vedanta Limited for quarter ended September 30, 2020 List of subsidiaries/associates/ joint ventures Subsidiaries S.No. | Name 1 Bharat Aluminium Company Limited (BALC
Slide 6: Annexure: List of subsidiaries, associates and joint ventures (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 7: Statement of Unaudited Consolidated 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 CONSOLIDATED RESULTS FOR THE QUARTER AND HALF YEAR EN
Slide 8: Consolidated Results (continued)
(% in Crore except as stated) Quarter ended Half Year ended Year ended s. Particular: 30.09.2020 30.06.2020 30.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 No. culars (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) Other Comprehensive Income/ 13 (loss) (a) Items tha
Slide 9: Consolidated Segment Information
(% in Crore except as stated) Quarter ended Half Year ended Year ended 30.09.2020 30.06.2020 30.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 S. No.|Segment Information (Unaudited) (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Audited) 1 Segment Revenue a) Zinc, Lead and Silver (i) Zinc &
Slide 10: Segment Liabilities
(% in Crore except as stated) Quarter ended Half Year ended Year ended 30.09.2020 30.06.2020 30.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 S. No./Segment Information (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) 4 Segment liabilities a) Zinc, Lead and Silver - I
Slide 11: Consolidated Balance Sheet
Consolidated Balance Sheet (2 in Crore) As at 30.09.2020 As at 31.03.2020 Particulars (Unaudited) (Audited) A |ASSETS 1 |Non-current assets (a) Property, Plant and Equipment 86,819 88,022 (b) Capital work-in-progress 16,952 16,837 (c) Intangible assets 883 882 (d) Exploration intangible assets under
Slide 12: Consolidated Statement of Cash Flows
Vedanta Limited Consolidated statement of cash flows (% in Crore) Particulars Half Year ended September 30, 2020 (Unaudited) Half Year ended September 30, 2019 (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Profit before taxation 6,046 3,204 Adjustments for: Depreciation, depletion and amortisatio
Slide 13: 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 half year ended September 30, 2020 have been reviewed by the Audit Committee at its meeting held on November 05, 2020 and approved by the Bo
Slide 14: 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 15 May 2020, a matter which is sub-judice. In parallel, Government of India (Gol), accorded its approval for extension of the PSC, u
Slide 15: Notes: Delisting proposal by Vedanta Resources
The Company vide letter dated May 12, 2020 had informed the stock exchanges that it has received a letter dated May 12,2020 from its Holding Company, Vedanta Resources Ltd. (“VRL”), wherein VRL has expressed its intention to, either individually or along with one or more subsidiaries, acquire all fu
Slide 16: Notes: Deferred tax on dividend
10 11 12 Consequent to the declaration of dividend (including from accumulated profits) by the subsidiaries, the unabsorbed depreciation as per tax laws and MAT balances have been utilized by the Company leading to a deferred tax charge of = 1,187 crores, ¥ 1,283 crores and % 1,701 crores (including
Slide 17: Independent Auditor's Review Report on Standalone Results
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 and 52 of the SEBI (List
Slide 18: Auditor digital 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: 2020.11.06 16:27:50 +05'30'
Slide 19: 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 HALF YEAR ENDED
Slide 20: Standalone Segment Information
(% in Crore) Quarter ended Half year ended Year ended 30.09.2020 30.06.2020 | 30.09.2019 | 30.09.2020 | 30.09.2019 | 31.03.2020 + (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Audited) S. No. |Segment Information 1 Segment Revenue a) | Oil & Gas 909 750 1,699 1,659 3,372 6,7
Slide 21: Balance Sheet
Balance Sheet (% in Crore) As at As at Particulars 30.09.2020 31.03.2020 (Unaudited) (Audited) A |ASSETS 1 |Non-current assets (a) Property, Plant and Equipment 36,389 37,087 (b) Capital work-in-progress 11,210 11,027 (c) Intangible assets 31 31 (d) Exploration intangible assets under development 1,
Slide 22: Statement of Cash Flows
Statement of Cash Flows (% in Crore) Half Year ended Particulars 30.09.2020 30.09.2019 (Unaudited) (Unaudited) CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax 5,106 911 Adjustments for: Depreciation, depletion and amortisation 1,244 1,667 Provision/(reversal) for doubtful debts/ advance/ bad
Slide 23: Statement of Cash Flows (financing)
Statement of Cash Flows (% in Crore) Half Year ended Particulars 30.09.2020 30.09.2019 (Unaudited) (Unaudited) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of short term borrowings (net) (8,588) (2,394) Proceeds from current borrowings 3,597 2,080 Repayment of current borrowings (2,181) (1,764) Pr
Slide 24: Notes to standalone results
Notes:- ‘The above results of Vedanta Limited ("the Company"), for the quarter and half year ended September 30, 2020 have been reviewed by the Audit Committee at its meeting held on November 05, 2020 and approved by the Board of Directors at its meeting held on November 06, 2020. The statutory audi
Slide 25: Notes: Tuticorin copper smelter
Further, the High Court of Madras in a Public Interest Litigation held that the application for renewal of the Environmental Clearance (EC) for the Expansion Project shall be processed after a mandatory public hearing and in the interim ordered the Company to cease construction and all other activit
Slide 26: Notes: KCM receivable and delisting proposal
As at September 30, 2020, the Company has an outstanding receivable equivalent to = 106 Crore (net of provision of = 52 Crore) from Konkola Copper Mines Plc (KCM), a company whose majority shares are held by Vedanta Resources Limited through its subsidiary (VRL Group), predominantly regarding monies
Slide 27: Additional disclosures as per Regulation 52(4)
9 |Additional disclosures as per Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015 : a) Previous due date of Interest/Principal repayment, payment made on respective due date: Previous Due Date (April 1, 2020 to September 3
Slide 28: Formulae for computation of ratios
Formulae for computation of ratios are as follows: a) Debt equity ratio Debt / (paid up equity capital + reserves and surplus) Debt service coverage ratio Earnings before interest, depreciation, tax and exceptional items/ (interest expense + b) principal payments of long term loans) Interest service
Slide 29: Vedanta Limited Consolidated Results for the Second Quarter ended 30th September 2020
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 6th November 2020 Vedanta Limited Consolidated Results for the Second Quarter ended 30t
Slide 30: Operational Highlights
Unaudited Results for the Second Quarter ended 30 September 2020 Operational Highlights • Zinc India: o Mined metal production at 238 kt, up 18% q-o-q. Refined metal production at 237 kt, up 18% q-o-q o Lowest ever cost of production at $919/ton, since commencement of underground operations, down 10
Slide 31: Consolidated Financial Performance
Unaudited Results for the Second Quarter ended 30 September 2020 Consolidated Financial Performance The consolidated financial performance of the company during the period is as under: (In Rs. crore, except as stated) Q2 % Q1 % H1 FY2020 Particulars FY2021 FY2020 Change FY2021 Change FY2021 FY2020 8
Slide 32: Revenues, EBITDA and EBITDA Margins
Unaudited Results for the Second Quarter ended 30 September 2020 Revenues Revenue in Q2 FY2021 was at ₹ 20,804 crores, higher by 33% q-o-q, primarily due to higher commodity prices, higher volumes at Zinc India, Iron ore, Copper and Power business, partially offset by lower volumes at Aluminium and
Slide 33: Taxes, Attributable PAT and Balance Sheet
Unaudited Results for the Second Quarter ended 30 September 2020 Taxes Tax expense for Q2 FY2021 was ₹ 2,370 crore compared to ₹ 510 crore in Q1 FY21 & tax credit of ₹ 1,609 in Q2 FY2020. Normalised tax rate (excluding tax on dividend from Zinc India business) for the quarter is 29%, compared to 20%
Slide 34: Key Recognitions
Unaudited Results for the Second Quarter ended 30 September 2020 Key Recognitions Vedanta has been consistently recognized through the receipt of various awards and accolades. We received the following key recognitions recently: • Cairn Oil & Gas won the Sustainability 4.0 Awards by Frost & Sullivan
Slide 35: Results Conference Call
Unaudited Results for the Second Quarter ended 30 September 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 Fol
Slide 36: For further information, please contact
Unaudited Results for the Second Quarter ended 30 September 2020 For further information, please contact: Investor Relations James Cartwright Tel: +44 (0) 20 7659 4732 Head, Investor Relations Tel: +91 124 476 4096 vedantaltd.ir@vedanta.co.in Suruchi Daga Associate General Manager Raksha Jain Manage
Slide 37: About Vedanta Limited
Unaudited Results for the Second Quarter ended 30 September 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 Alu
Slide 38: Q2 FY2021
Q2 FY2021 November 2020 Sensitivity: Internal (C3)
Slide 39: 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 40: Contents
Contents Section Presenter Page Q2 FY21 Review & Business Update Sunil Duggal, CEO 4 Financial Update Arun Kumar, CFO 12 Appendix 21 VEDANTA LIMITED – Q2 FY2021 INVESTOR PRESENTATION 3 Sensitivity: Internal (C3)
Slide 41: Q2 FY2021 Review & Business Update
Q2 FY2021 Q2 FY2021 Review Sunil Duggal | Chief Executive Officer & Business Update Sensitivity: Internal (C3)
Slide 42: Key Highlights: Q2 FY2021
Key Highlights: Q2 FY2021 ▪ Zinc India ever highest ore production of 3.9 Mnt since underground transition highest ever quarterly silver production of 203 tonnes lowest ever quarterly cost of $919/t since underground operations ▪ Zinc International Gamsberg highest ever production of 35kt ▪ O&G gros
Slide 43: Heading Towards – Zero Harm, Zero Waste, Zero Discharge
Heading Towards – Zero Harm, Zero Waste, Zero Discharge Safety Program Update Environment Update ▪ Increased focus on explosives safety, Water ▪ ~7.5 million m3 of water fatality prevention program conservation savings over three years 3 fatalities in Q2 ▪ Development of HSES video training module G
Slide 44: Zinc India: Strong Foundation Driving Growth
Zinc India: Strong Foundation Driving Growth Performance Update Metal in Concentrate Production Quarter Performance: 432 440 ▪ MIC Production 238kt, up 18% q-o-q 219 238 ▪ Metal Production 237kt, up 18% q-o-q 202 ▪ Highest ever Silver Production 203 tonnes, up 73% q-o-q Q2 FY20 Q1 FY21 Q2 FY21 H1 FY
Slide 45: Zinc International: Gamsberg Positioning for Long Term Value Creation
Zinc International: Gamsberg Positioning for Long Term Value Creation Performance Update Gamsberg Quarter Performance: ▪ Production at 35kt, up 38% q-o-q. Best ever production (14kt) achieved in Sep ▪ Overall production at 51kt, up 33% q-o-q ▪ COP at $1,246, down 6% q-o-q due to better ▪ COP of $1,3
Slide 46: Oil & Gas: Focus on Delivery of Growth Projects
Oil & Gas: Focus on Delivery of Growth Projects Growth Projects OALP ▪ Key projects on track to complete by Q3 FY21: ▪ FTG: Completed in 3 Cambay blocks (~15,000 LKM); • Gas introduced in the new terminal, sales to Work in progress in 7 Rajasthan blocks (~10,000 LKM) commence in Q3 FY21 (incremental
Slide 47: Aluminium: Record Cost Performance
Aluminium: Record Cost Performance Structural Reduction in Cost Performance Update 1,852 1,810 Quarter Performance: ▪ Aluminium COP at $ 1,288/t, marginally up 2% q-o-q 1,268 1,288 1,278 ▪ Both of our smelters at Jharsuguda and Balco operate in 1st quartile* of the cost curve for the year 2020 ▪ Lan
Slide 48: Other Assets: Iron ore and ESL Steel
Other Assets: Iron ore and ESL Steel Iron Ore ESL Steel Performance Update Performance Update Quarter Performance: Quarter Performance: ▪ Karnataka sales 1.3 Mnt, significantly up q-o-q ▪ Production 260kt, down 3% q-o-q ▪ Pig Iron production 186kt, up 71% q-o-q ▪ Sales 271kt, down 11% q-o-q ▪ Margin
Slide 49: Finance Update
Q2 FY2021 Finance Update Arun Kumar | Chief Financial Officer Sensitivity: Internal (C3)
Slide 50: Financial snapshot Q2
Financial snapshot Q2 EBITDA Net Debt ND/EBITDA ₹ 6,531 cr ₹ 27,190 cr 1.2x Up 45% y-o-y Flat q-o-q Maintained at low level Highest for >2 years EBITDA Margin* Cash & Cash equivalent ROCE^ 36% ₹ 35,569 cr c. 12% Robust Margin Liquidity Position Continuing double digit * Excludes custom smelting at C
Slide 51: EBITDA Bridge (Q2 FY 2020 vs. Q2 FY 2021)
EBITDA Bridge (Q2 FY 2020 vs. Q2 FY 2021) (In ₹ crore) Aluminium 720 Steel 191 Cairn 61 IOB 72 Zinc, Lead & Silver 285 Brent (536) Aluminium (230) 157 6,531 1,010 596 25 5,183 182 4,497 537 652 Market & Regulatory Operational ₹ 686 crore ₹ 1,192 crore Q2 FY20 LME / Brent Input Currency Regulatory Ad
Slide 52: EBITDA Bridge (Q1 FY 2021 vs. Q2 FY 2021)
EBITDA Bridge (Q1 FY 2021 vs. Q2 FY 2021) (In ₹ crore) Zinc, Lead & Silver 1,107 Brent 255 Aluminium 745 HZL 194 Steel 83 Al 98 232 6,531 252 2,169 92 199 493 332 5,554 4,008 Market & Regulatory Operational ₹ 1,546 crore ₹ 744 crore Q1 FY21 LME / Brent Input Currency Regulatory Adjusted Volume Cost
Slide 53: Net Debt for Q2 FY 2021
Net Debt for Q2 FY 2021 (In ₹ crore) Inventory , Debtors & Others 1,090 Creditors / Customers advance (2,898) 27,098 5,375 1,562 215 133 27,190 1,749 1,808 FCF Post Capex ₹ 1,818 crore Net Debt CF from WC Inter FACOR Net Debt Capex Translation 1st Jul’20 Operations Movements Company Acquisition 30th
Slide 54: Balance Sheet: Debt Maturities and Liquidity
Balance Sheet Term Debt Maturities - ₹ 53,411 Crore ($7.3 bn) (as of Sep 30, 2020) ▪ Liquidity: 27% 35% ▪ Cash and Cash equivalent at ₹ 35,569 crore 18.8 ▪ Net Interest: 14.2 8.0 18% ▪ Interest Income – Returns ~6.0% 15% 4.7 9.5 ▪ Interest Expense – Maintained ~7.8% ₹ ‘000 Crore 7.7 ▪ Average term d
Slide 55: Capex and Returns Profile
Capex and Returns Profile Growth CAPEX Profile, $bn Oil & Gas Zinc Al & Power Copper Other Optionality Full year Capex guidance 0.7 1.0 1.2 1.5 1.2 1.1 0.1 0.8 0.8 0.7 0.1 0.5 0.1 0.7 0.6 0.1 0.1 0.2 0.2 0.3 0.1 0.5 0.1 0.2 0.2 0.3 0.03 0.05 0.2 0.1 0.1 0.5 0.5 0.15 0.4 FY2016 FY2017 FY2018 FY2019 F
Slide 56: To Summarize: A Sustainable Business Model
To Summarize: A Sustainable Business Model Vedanta; A 20 Year Track Record Of Delivering Growth, Meeting All Obligations To Debt Holders On Schedule, Primary Focus Is On Stable Production With Healthy Cash Flow In Volatile Times Diversified Business Model Strong Balance Sheet Leveraging Strength All
Slide 57: Key Investment Highlights
Key Investment Highlights 1 Large Low Cost, Long Life and Diversified Asset Base with an Attractive Commodity Mix 2 Ideally Positioned to Capitalise on Favourable Geographic Presence 3 Well-Invested Assets Driving Cash Flow Growth 4 Operational Excellence and Technology Driving Efficiency and Sustai
Slide 58: Appendix
Q2 FY2021 Appendix Sensitivity: Internal (C3)
Slide 59: FY 2021 Guidance
FY 2021 Guidance Segment FY21 Production and COP Mined Metal and Finished Metal: 925 – 950 kt Zinc India Silver: c. 650 tonnes COP: < $1,000/t excluding royalty BMM: ~65kt Gamsberg: 150-160kt Zinc International ZI COP (excl Gamsberg) : $1,300/t Gamsberg: c $1,200/t Gross Volume: 170-180 kboepd; Exit
Slide 60: Income Statement
Income Statement Q2 Q2 Q1 In ₹ Crore Depreciation & Amortization FY’21 FY’20 FY’21 Revenue from operations 20,804 21,739 15,687 ▪ Higher q-o-q primarily due to higher ore production in Zinc business. Other operating income 303 219 286 EBITDA 6,531 4,497 4,008 ▪ Lower y-o-y majorly on account of Oil
Slide 61: Project Capex
Project Capex Approved Spent up to Capex3 Spent in H1 Unspent as at Capex in Progress Status ($mn) 31 Mar’204 FY20214 30 Sep 20205 Cairn India1 – Mangala Infill, Liquid handling, 2,522 1,144 86 1,292 Bhagyam & Aishwariya EOR, Tight Oil & Gas etc Aluminium Sector Line 3: Fully capitalised Line 4: Ful
Slide 62: Entity Wise Cash and Debt
Entity Wise Cash and Debt (In ₹ crore) Sep 30, 2020 Jun 30, 2020 Sep 30, 2019 Company Cash & Cash & Cash & Debt Net Debt Debt Net Debt Debt Net Debt Cash Eq4 Cash Eq Cash Eq Vedanta Limited Standalone 32,790 1,967 30,823 33,247 4,070 29,177 37,956 7,162 30,794 Cairn India Holdings 3,616 4,615 (1,000
Slide 63: 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 (Refer Q1 disclosure note) $ 956mn $ 207mn due in June 2021 $ 300mn
Slide 64: Debt Breakdown & Funding Sources
Debt Breakdown & Funding Sources Diversified Funding Sources for Term Debt of $7.3bn Debt Breakdown (as of 30th Sep 2020) (as of 30th Sep 2020) Debt breakdown as of (in $bn) (₹ in 000’ Cr) 30 Sep 2020 1% Term debt 7.3 53.4 Term Loans-INR 12% Working capital 0.5 3.4 Bonds-INR Short term borrowing 0.8
Slide 65: Segment Summary – Zinc India
Segment Summary – Zinc India Q2 Q1 H1 Production (in ’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY 2021 FY 2021 Mined metal content 238 219 9% 202 440 Integrated metal 237 210 13% 202 439 Refined Zinc – Integrated 180 166 9% 157 338 1 Refined Lead – Integrated 57 44 29% 45 101 Refined S
Slide 66: Segment Summary – Zinc International
Segment Summary – Zinc International Q2 Q1 H1 Production (in’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY 2021 FY 2021 Refined Zinc – Skorpion 0 23 - 1 1 Mined metal content- BMM 16 16 (5)% 12 28 Mined metal content- Gamsberg 35 24 44% 25 60 Total 51 63 (20)% 38 89 Financials (In ₹ Cror
Slide 67: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q2 Q1 H1 OIL AND GAS (boepd) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Average Daily Gross Operated Production (boepd) 1,65,045 1,78,744 (8)% 158,779 161,929 Rajasthan 1,32,296 1,50,421 (12)% 127,937 130,128 Ravva 21,610 12,544 72% 22,037 21,822 Cambay 11,139 15,780 (29
Slide 68: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q2 Q1 H1 OIL AND GAS (boepd) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Average Daily Production Gross operated 1,65,045 1,78,744 (8)% 158,779 161,929 Oil 1,42,150 1,60,991 (12)% 142,772 142,459 Gas (Mmscfd) 137 107 29% 96 117 Non operated- Working interest 291 565 (49)%
Slide 69: Segment Summary – Aluminium
Segment Summary – Aluminium Q2 Q1 H1 Particulars (in’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Alumina – Lanjigarh 462 410 13% 476 938 Total Aluminum Production 473 476 (1)% 469 941 Jharsuguda-I 131 137 (4)% 132 263 Jharsuguda-II 200 201 - 199 399 245kt Korba-I 66 63 5% 6
Slide 70: Aluminium profitability
Aluminium profitability $/t Q1 ‘FY21 1,497 64 40 1,601 (517) (469) (281) 26 # 360 (134) (295) (69) 1,268 Q2 ‘FY21 1,288 47 66 1,817 1,704 534 479 275 51 477 139 333 5 Ingot Value Realisation Alumina Power Other Conversion EBITDA Dep Int PBT LME Premium addition Hot & Others 245 Metal # Conversion &
Slide 71: Segment Summary – Power
Segment Summary – Power Q2 Q1 H1 Particulars (in million units) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Total Power Sales 3,998 3,253 23% 1,843 5,843 Jharsuguda 600 MW 807 20 - 685 1,493 BALCO 300 MW 418 454 (8)% 403 821 HZL Wind Power 107 165 (35)% 112 219 TSPL 2,666 2,615 2% 643 3,310 Financia
Slide 72: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore Particulars (in million dry metric tonnes, or Q2 Q1 H1 as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 Sales 1.49 1.41 6% 1.02 2.51 Goa 0.16 0.0 - 0.6 0.7 Karnataka 1.33 1.41 (5)% 0.4 1.8 Production of Saleable Ore 1.46 1.31 11% 0.95 2.41 Goa - - - - - Karnataka 1.4
Slide 73: Segment Summary – Copper India
Segment Summary – Copper India Q2 Q1 H1 Production (in ’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY 2021 FY 2021 Copper - Cathodes 25 16 58% 17 41 Financials (In ₹ crore, except as stated) Revenue 2,904 3,185 (7)% 1,377 4,281 EBITDA (11) (105) - (63) (75) Copper LME Price ($/MT) 6,519
Slide 74: Sales Summary
Sales Summary Sales volume Q2 FY2021 Q2 FY2020 Q1 FY2021 H1 FY2021 Zinc-India Sales Refined Zinc (kt) 181 168 163 344 Refined Lead (kt) 57 44 45 102 Total Zinc-Lead (kt) 238 212 208 446 Silver (tonnes) 203 135 146 348 Zinc-International Sales Zinc Refined (kt) 0 23 1 1 Zinc Concentrate (MIC) 44 34 2
Slide 75: Sales Summary
Sales Summary Q2 Q2 Q1 H1 Sales volume Q2 Q2 Q1 H1 Sales volume FY 2021 FY 2020 FY 2021 FY 2021 Power Sales (mu) FY 2021 FY 2020 FY 2021 FY 2021 Iron-Ore Sales Jharsuguda 600 MW 807 20 685 1,493 Goa (mn DMT) 0.2 - 0.6 0.7 TSPL 2,666 2,615 643 3,310 Karnataka (mn DMT) 1.3 1.4 0.4 1.8 BALCO 300 MW 418
Slide 76: Currency and Commodity Sensitivities
Currency and Commodity Sensitivities Foreign Currency - Impact of 1 Rs depreciation in FX Rate Currency Increase in EBITDA INR/USD ~ INR 600 cr / year Commodity prices – Impact of a 10% increase in Commodity Prices H1 FY‘21 Commodity Average price EBITDA ($mn) Oil ($/bbl) 36.1 27 Zinc ($/t) 2,154 80
Slide 77: Group – Present Debt Structure
Group – Present Debt Structure ($ bn) Vedanta Resources (Consolidated) Volcan H1 FY21 H1 FY21 EBITDA 1.44 EBITDA - Net Debt 10.6 Net Debt 0.2 Vedanta Resources (Standalone) H1 FY21 % EBITDA 0.02 1% Divisions of Vedanta Limited Net Debt 7.0 65% 50.1% ⚫ Sesa Iron Ore ⚫ Sterlite Copper Vedanta Ltd (Con
Slide 78: Results Conference Call Details
Results Conference Call Details Results conference call is scheduled at 6:00 PM (IST) on November 6, 2020. The dial-in numbers for the call are given below: Event Telephone Number Earnings conference call on November 6, 2020 India – 6:00 PM (IST) India: +91 7045671221 Toll free: 1800 120 1221 Univer