Hindalco Industries Limited · NSE:HINDALCO
Hindalco Industries — Q4 FY25 Earnings Presentation
49 slides from Hindalco Industries's earnings presentation, May 20, 2025
Slide 1: Exchange filing cover letter for Investor Presentation
May 20, 2025 BSE Limited National Stock Exchange of India Limited Luxembourg Stock Exchange Scrip Code: 500440 Scrip Code: HINDALCO Scrip Code: US4330641022 Sub: Investor Presentation of the Board Meeting of Hindalco Industries Limited [“Company”] Ref: a. Regulation 30 (read with schedule III- Part
Slide 2: Hindalco Industries Limited Q4 FY25 Earnings Presentation
Hindalco Industries Limited Q4 FY25 Earnings Presentation 20th May 2025 1 1
Slide 3: Safe harbor statement
Safe harbor statement Certain statements in this report may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company’s operat
Slide 4: Contents
Contents TOC Hindalco Industries Ltd Hindalco : Safety & Sustainability Updates Business Environment : Economy and Industry (Global & Domestic) Hindalco : Financial Performance Hindalco : Financial & Operational Performance-Business-wise Key Summary Awards & Recognitions FY25 & Appendix 3
Slide 5: Hindalco Sustainability Updates
Q4 FY25 EARNINGS Hindalco Sustainability Updates 4
Slide 6: Hindalco in S&P Global Sustainability Yearbook 2025
Sustainabilityupdates Hindalco in S&P Global Sustainability Yearbook 2025 Hindalco Sustainability Initiatives Industry Distinctions 2024 Top 1% S&P Global CSA Scores Hindalco Industries Limited India 87 Sustainability Yearbook Members Companhia Brasiliera de Aluminio Brazil 72 Vedanta Aluminium Limi
Slide 7: Health and Safety of Hindalco's workforce is the topmost priority
Health and Safety of Hindalco’s workforce Sustainabilityupdates Hindalco Sustainability Initiatives is the topmost priority Focusing on In FY25, all CXOs and Reward and recognitions Several safety reduction in business heads led cross- awards received from CII SHE and British LTIFR entity safety aud
Slide 8: Recycling of industrial wastes for a circular economy
Recycling of industrial wastes for a Sustainabilityupdates Hindalco Sustainability Initiatives circular economy 85% of total waste Belagavi and Muri achieved In FY25, 2.3 lac tonnes of recycled and reused in ZWTL certification in Q4 FY25, bauxite residue utilized for road FY25 Vs 85% in FY24 taking
Slide 9: Hindalco's initiatives to conserve precious Water Resources
Hindalco’s initiatives to conserve precious Sustainabilityupdates Water Resources Hindalco Sustainability Initiatives Zero Liquid Water Recycling: Water Positivity: Five plants Discharge Projects: In FY25, 25% of 73.53 assessed under NITI Aayog’s (16/19 plants are million m³ water framework (with CI
Slide 10: Protecting Biodiversity
At Hindalco, our unwavering commitment Sustainabilityupdates Hindalco Sustainability Initiatives to Protecting Biodiversity GREENBELT AND BIODIVERSITY Assessments for developing Biodiversity Management Pilot projects for offsite plantation Plans (BMPs) are currently and habitat restoration initiated
Slide 11: Shift to Green Energy across Hindalco
We are rapidly making the shift to Sustainabilityupdates Green Energy across Hindalco Hindalco Sustainability Initiatives GREEN ENERGY & EMISSIONS CONTROL 189 MW 9 MW 100 MW ~300 MW Total renewable 9MW of Solar is 100 MW Target to capacity stands at underway Hybrid reach 300 MW 189 MW (largely solar
Slide 12: Hindalco Quarterly Financial Snapshots
Q4 FY25 EARNINGS Hindalco Quarterly Financial Snapshots Consolidated & Business-wise 11
Slide 13: Financial Snapshot YoY (Q4 FY25 vs Q4 FY24)
Financial Snapshot YoY ConsolidatedFinancialPerformance (Q4 FY25 vs Q4 FY24) Novelis, Aluminium and Copper Businesses Change Particulars UOM Q4 FY24 Q4 FY25 YoY Consolidated (₹ Crore) Shipments KT 951 957 1% Q4 FY25 Revenue $ Billion 4.08 4.59 13% 64,890 16% 9,774 24% 5,284 66% Novelis* Business Seg
Slide 14: Financial Snapshot YoY (FY25 vs FY24)
Financial Snapshot YoY ConsolidatedFinancialPerformance (FY25 vs FY24 ) Novelis, Aluminium and Copper Businesses Change Particulars UOM FY24 FY25 YoY Consolidated (₹ Crore) Shipments KT 3,673 3,757 2% FY25 Revenue $ Billion 16.21 17.15 6% 2,38,496 10% 35,162 26% 16,002 58% Novelis* Business Segment
Slide 15: Business Environment
Q4 FY25 EARNINGS Business Environment Economy & Industry Updates 14
Slide 16: Global Economy
Global Economy Economy&IndustryUpdates Global GDP GDP Growth (% YoY) 6.6 5.2 4.1 3.8 3.4 3.4 3.5 3.4 3.7 3.6 3.5 3.3 3.3 2.9 2.8 Global GDP to moderate to 2.8%% in 2025 vs 3.3% in 2024 (IMF, April 2025) CY10 CY11 CY12 CY13 CY14 CY15 CY16 CY17 CY18 CY19 CY20 CY21 CY22 CY23 CY24 CY25F -2.7 Outlook Ris
Slide 17: Indian Economy
Indian Economy Economy&IndustryUpdates Domestic GDP GDP Growth (% YoY) 9.7 9.2 8.5 8.0 8.3 7.9 7.4 7.6 6.4 6.8 6.5 6.5 6.5 5.2 5.5 GDP growth to 3.9 remain stable at 6.5% in FY26. (RBI) FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25E FY26F -5.8 Outlook Risks RBI proj
Slide 18: Global Aluminium: Demand & Supply Balance
Global Aluminium : Economy&IndustryUpdates Global Aluminium Industry Demand & Supply Balance ( In Million Tons) Production Consumption Balance 3% 4% 80.0 80.0 72.8 72.8 70.7 70.2 70.0 70.0 60.0 60.0 50.0 50.0 40.0 40.0 45.0 0.5 0 43.1 42.9 41.6 30.0 0.3% 30.0 3% 1.8 1.9 0.5 0.2 29.1 29.7 0.5 27.3 27
Slide 19: Domestic Aluminium: Demand & Supply
Domestic Aluminium : Economy&IndustryUpdates Domestic Aluminium Industry Demand & Supply ( All Figures in Kilo Tons) 5,585 Domestic Supply Imports Ex. Scrap Scrap Imports 4,968 4,466 2,494 2,230 1917 1,275 791 1,006 1220 1314 1433 1403 1435 573 621 616 684 612 1758 1,732 1,816 266 278 344 337 315 34
Slide 20: Global & Domestic Aluminium Flat Rolled Products Industry Demand
Global & Domestic Aluminium Economy&IndustryUpdates Aluminum FRP Industry Flat Rolled Products Industry Demand Global FRP Demand is estimated to grow by 5% in CY25 (ex-China) vs 6% in CY24 Beverage Packaging Automobile Specialty Aerospace CAGR 4% - CY23-31 (Ex China) CAGR 6% (CY25-28) Growth Rate @G
Slide 21: Global Refined Copper Demand & Supply
Global Refined Copper Economy&IndustryUpdates Demand & Supply Global Copper Industry ( In Million Tons) Production Consumption Balance 30.0 4% 30.0 4% 26.9 26.5 25.8 25.6 25.0 25.0 20.0 20.0 14.7 14.3 0.2 0.3 15.0 15.0 15.3 14.6 12.2 3.3 3.5 11.5 -1% 11.0 11.2 4% 0.5 0.1 10.0 10.0 0.8 0.6 6.7 6.5 6.
Slide 22: Domestic Refined Copper Demand & Supply
Domestic Refined Copper Economy&IndustryUpdates Demand & Supply Domestic Copper Industry (In Kilo Tons) Domestic Supply Import Ex. Scrap Scrap1 1,477 1,325 1,395 627 571 565 811 850 240 223 181 370 356 380 364 377 156 147 137 156 187 579 584 627 222 82 224 66 54 50 37 148 155 161 158 153 Q4 FY24 Q1
Slide 23: Financial Performance
Q4 FY24 EARNINGS Financial Performance Hindalco Industries Ltd 22
Slide 24: Step Change in Hindalco Performance
Step Change in Hindalco Performance Financial Trends Hindalco (India) Business EBITDA (₹ Crore) Novelis Adjusted EBITDA ($ Million) 5,671 5,149 514 500 4,692 484 462 473 4,408 454 421 3,629 367 3,209 2,883 2,601 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY
Slide 25: Consolidated Key Metrics
Consolidated Key Metrics ConsolidatedFinancialPerformance Novelis, Aluminium and Copper Businesses Revenue (₹ Crore) EBITDA (₹ Crore) 2,38,496 35,496 2,15,962 25,728 64,890 10,296 55,994 58,390 8,108 7,201 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 PBT after Exceptional Item
Slide 26: Debt & Leverage: Net Debt to EBITDA
Debt & Leverage ConsolidatedFinancialPerformance Novelis, Aluminium and Copper Businesses Consolidated Debt (₹ Crore) Particulars (Consolidated) 31-Mar-24 30-Jun-24 30-Sep-24 31-Dec-24 31-Mar-25 Gross Debt 54,501 54,019 59,121 63,696 61,932 Treasury Balance 22,965 18,489 23,088 21,879 26,600 Net Deb
Slide 27: Business-wise Performance: Novelis
Q4 FY25 EARNINGS Business-wise Performance Novelis 26
Slide 28: Operational Performance
Operational Performance Expansion projects on track* Cost restructuring in North Record beverage 90% engineering America with closure of two packaging shipments and complete for Bay specialty finishing plants higher aerospace Minette and expected shipments in FY25 to be completed by Commissioned two
Slide 29: Financial Performance
Financial Performance Adjusted EBITDA ($ Million) Adjusted EBITDA per tonne ($/tonne) In Q4 FY25, down 8% YoY, due to significantly higher scrap prices and less Q4 FY25, down 9% YoY favorable product mix 1873 1802 540 510 494 514 480 473 406 367 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4 F
Slide 30: Business-wise Performance: Hindalco (India)
Q4 FY25 EARNINGS Business-wise Performance Hindalco (India)
Slide 31: Hindalco's new brand
Metals Manufacturer Hindalco’s new brand Solutions Provider signifies Hindalco’s journey from a Volumes Player trusted materials Co-creating Value company to a catalyst for Heavy Industry a greener, smarter, Hi-end Technology stronger world.
Slide 32: Business-wise Performance: Aluminium (India) Upstream
Q4 FY25 EARNINGS Business-wise Performance Aluminium (India) Upstream 31
Slide 33: Aluminium: Upstream
Aluminium: Upstream OperationalandFinancialPerformance Hindalco (India) Business Shipments (KT) Revenue (₹ Crore) In Q4 FY25 down 2% YoY In Q4 FY25 up 22% YoY due to higher average aluminium prices 1,346 1,327 38,268 32,382 10,311 337 338 332 9,993 8,469 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3
Slide 34: Business-wise Performance: Aluminium (India) Downstream
Q4 FY25 EARNINGS Business-wise Performance Aluminium (India) Downstream 33
Slide 35: Aluminium: Downstream
Operationaland Financial Aluminium: Downstream# Performance Hindalco (India) Business Shipments (KT) Revenue (₹ Crore) 403 In Q4 FY25, up 23% YoY on account of higher realisation 12,819 In Q4 FY25, flat YoY 370 10,531 105 105 3,595 99 3,195 2,920 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4
Slide 36: Business-wise Performance: Copper
Q4 FY25 EARNINGS Business-wise Performance Copper 35
Slide 37: Copper Performance
Operationaland Financial Copper Performance Performance Hindalco (India) Business Shipments: Metal (KT) Shipments: CC Rods (KT) In Q4 FY25 metal shipments was flat YoY In Q4 FY25, up 12% YoY 506 491 389 394 135 135 120 109 98 95 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Rev
Slide 38: Key Summary, Awards and Recognitions FY25
Q4 FY25 EARNINGS Key Summary, Awards and Recognitions FY25 37
Slide 39: Key Summary
Key Summary IndiaBusiness Downstream Upstream 1 Aluminium Double Down 2 Aluminium Copper 4x by FY30 Copper Specialty Alumina Recycling ➢ Global Industry leading Aluminum upstream EBITDA margins ➢ Aluminium downstream Q4 FY25 profits up 52% YoY ➢ Copper business also delivered record EBITDA in FY25 ➢
Slide 40: Key Summary….Contd.
Key Summary….Contd. Key Initiatives Advancing Aluminium as the material of choice with circular solutions ➢ Commissioned two recycling centers (Ulsan, South Korea 100kt and Guthrie, US 240kt) during FY25 … full ramp up in FY26 Highly Circular 1 Reach 75% average recycled content across our products
Slide 41: Awards & Recognitions: FY2024-25
Awards & Recognitions : FY2024-25 CII National IMC Jamnalal Bajaj Award for Ramkrishna GreenCo Gold Award for ‘Fair Excellence in Bajaj National Award from CII Business Water Quality Award - Belagavi Practices’ Management - Aditya -Hindalco 2024- Dahej Aluminium Embraer Best Sustainability Hindalco
Slide 42: Thank You
I N D U S T R I E S L I M I T E D For Further Queries Please Contact : Registered Office Thank Subir Sen, Investor Relations 21st Floor, One Unity Centre, Senapati Bapat Marg, Prabhadevi, Mumbai – 400013 You Telephone +91 22 6662 6666 E mail: hilinvestors@adityabirla.com Website: www.hindalco.com Te
Slide 43: Annexures
Q4 FY25 EARNINGS Annexures 42
Slide 44: Consolidated: Key Financials
Consolidated : Key Financials FinancialAnalysis Novelis, Aluminium and Copper Businesses Change QoQ Change Particulars (₹ Crore) Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 YoY % Change % YoY % Revenue from Operations 55,994 58,390 64,890 16% 11% 2,15,962 2,38,496 10% Earning Before Interest, Tax, Depreciatio
Slide 45: Hindalco (India) Business: Key Financials
Hindalco (India) Business : Key Financials FinancialAnalysis YOY QoQ Particulars (₹ Crore) Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Change % Change % Change% Revenue from Operations 22,929 24,618 26,067 14% 6% 85,028 96,570 14% EBITDA Aluminium - Upstream 2,709 4,222 4,838 79% 15% 9,161 16,262 78% Aluminiu
Slide 46: Aluminium (India) Business: EBITDA and Sales Reconciliation
Aluminium (India) Business : FinancialAnalysis Hindalco (India) Business EBITDA and Sales Reconciliation Aluminium Business EBITDA Particulars (in Rs Cr) Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 EBITDA - Upstream 2,709 4,222 4,838 9,161 16,262 EBITDA - Downstream 144 150 219 545 633 Intersegment Profit /(L
Slide 47: Production Trends
Production Trends OperationalPerformance Hindalco (India) Business Aluminium Upstream (KT)1 Aluminium Downstream# (KT)1 In Q4 FY25, down 1% YoY In Q4 FY24, up 5% YoY 411 1,331 1,323 367 332 334 330 101 105 100 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Copper Cathode (KT) Co
Slide 48: Production Trends: Alumina
OperationalPerformance Production Trends Hindalco (India) Business Alumina* (KT) 3,857 3,665 966 979 951 Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 • Total Alumina production was down 2% YoY • Of this production at Utkal Alumina refinery was at 633 KT in Q4 FY25, down 2% YoY *Hydrate as Alumina 47
Slide 49: Q4 FY25 Hindalco Earnings Concall Details
Q4 FY25 : Hindalco Earnings Concall Details Earnings Conference Call is scheduled at 4:30 PM (IST) on May 20, 2025. The dial in numbers for the call are given below Location: ACCESS NUMBER Universal Access (India) Primary Number (+) 91 22 6280 1303 Secondary Number (+) 91 22 7115 8204 International