Vedanta Limited · NSE:VEDL
Vedanta — Q3 FY2023 Earnings Presentation
78 slides from Vedanta's earnings presentation, Jan 27, 2023
Slide 1: Outcome of Board Meeting held on January 27, 2023
VEDL/Sec./SE/22‐23/192 January 27, 2023 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: Director profiles and postal ballot notice
largest preventive school‐based program in tobacco control in India, she has also received a number of awards and recognitions including from the World Health Organization, and the Mayor’s citation from Mr. Michael Bloomberg. Ms. Sekhsaria holds Bachelor’s Degree in Economics from Sophia College for
Slide 3: Renewable power agreements and board meeting conclusion
for Oil & Gas Operations) and 600 MW Solar Power (for Aluminium Operations) (Renewable Energy) for its Aluminium Jharsuguda, Copper and Oil & Gas operations across India. Accordingly, the Company will execute Power Delivery Agreements (“PDA”) through special purpose vehicles (SPVs), i.e., affiliates
Slide 4: Annexure: Regulation 30 disclosure details
Annexure 1 S. Details Required Information of such event No a) Name of the target entity, details in brief such as SPVs will be created for implementation of renewable size, turnover etc. power projects to cater to long term power supply to Vedanta Limited – Aluminium, Copper and Oil & Gas Units und
Slide 5: Annexure: Regulation 30 disclosure details (continued)
After commissioning of the Projects, electricity tariff will be paid by the consuming unit to each SPV under their respective PDAs. h) Percentage of shareholding / control acquired and Please refer note b) above. / or number of shares acquired i) Cost of acquisition or the price at which shares are
Slide 6: Independent Auditor's Review Report - Consolidated
2nd & 3rd Fl oar S.R. BATLIBOI & Co. LLP 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 Consolidated Financial Results of the Company
Slide 7: Auditor's Review Report (continued)
S.R. BAruB01 & Co. LLP Chartered Accountants 6. The accompanying Statement includes the unaudited interim financial results and other unaudited financial information in respect of: • 13 subsidiaries, whose unaudited interim financial results include total revenues of Rs. 2,948 crore and Rs. 9,290 cr
Slide 8: Auditor's Review Report (continued)
S.R. BAruB01 & Co. LLP Chartered Accountants solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these interim financial information and financial results are not material to the Gr
Slide 9: List of subsidiaries, associates and joint ventures
S.R. BAruB01 & Co. LLP Chartered Accountants Annexure 1 to our report dated January 27, 2023 on the consolidated financial results of Vedanta Limited for quarter and nine months ended December 31, 2022 List of subsidiaries/associates/ joint ventures Subsidiaries S. No. Name 1 Bharat Aluminium Compan
Slide 10: List of associates, joint ventures and joint operations
S.R. BAruB01 & Co. LLP Chartered Accountants S. No. Name 43 Lisheen :Mine Partnership 44 Ferro Alloy Corporation Limited (FACOR) 45 Facor Realty and Infrastructure Limited 46 Hindustan Zinc Alloy Private Limited 47 Desai Cement Company Private Limited (DCCPL) 48 Vedanta Zinc Football & Sports Founda
Slide 11: Statement of Unaudited Consolidated Results
Vedanta Limited � v��5!!J!!:!r good CIN no. Ll3209MHl96SPLC291394 Regd. Office: Vedanta Limited, 1st Floor, 'C' wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai�00093, Maharashtra STATEMENT OF UNAUDITED CONSOLIDATED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DEC
Slide 12: Consolidated results (continued)
(:t' in Crore, except as stated) Quarter ended Nine months ended Year ended 31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022 s. Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) No. 13 Other Comprehensive Income/ (Loss) i. (a) I tems that will not be
Slide 13: Segment information
(fin Crore) Quarter ended Nine months ended Year ended 31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022 S. No. Segment information (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) I Segment Revenue a) Zinc,Lead andSilver (i)Zinc& Lead -India 6,630 6,999 6,736 21
Slide 14: Segment liabilities
(t in Crore) Quarter ended Nine months ended Year ended 31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021 31.03.2022 S. No. Segment information (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 4 Segment liabilities a) Zinc ,Le ad andSilver -I ndia 5,779 6,2 91 5,736 5,779 5
Slide 15: Notes to consolidated results
Notes:- ! The above consolidated results of Vedanta Limited ("the Company") and its subsidiaries ("the Group"), jointly controlled entities, and associates for the quaner and nine months ended 31 December 2022 have been reviewed by the Audit and Risk Management Committee and approved by the Board of
Slide 16: Business combinations / Acquisitions / Restructuring
5 Business combinations/ Acquisitions/ Restructuring: a) During the current quaner ended 3 1 December 2022, the Scheme of Amalgamation for the merger of Facor Power Limited ("FPL") into Ferro Alloys Corporation Limited ("FACOR"), has been approved by the National Company Law Tribunal on 1 5 November
Slide 17: Independent Auditor's Review Report - Standalone
2nd & 3rd Fl oar S.R. BATLIBOI & Co. LLP 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 P
Slide 18: Auditor's Review Report (continued)
S.R. BAruB01 & Co. LLP Chartered Accountants included in respect of the said unincorporated joint operation is based solely on such unaudited information furnished to us by the Management. In our opinion and according to the information and explanations given to us by the Management, these interim f
Slide 19: Statement of Unaudited Standalone Results
Vedanta Limited � v���!!!�r good CIN no. Ll3209MHl965PLC291394 Regd. Office: Vedanta Limited, Isl 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 ENDED 31 DECEMBE
Slide 20: Standalone segment information
It in Crore) --+ S. No. Segment information 31.12.2022 Quarter ended 30.09.2022 31.12.2021 (Unaudited) (Unaudited) (Unaudited) Nine months ended 31.12.2022 31.12.2021 (Unaudited) (Unaudited) Year ended 31.03.2022 (Audited) I Segment revenue a) Oil and Gas 2,137 2,098 1,672 6,357 4,555 6,622 b) Alumi
Slide 21: Notes to standalone results
1 The above results of Vedanta Limited ("the Company"), for the quarter and nine months ended 31 December 2022 have been reviewed Notes:- 1 by the Audit and Risk Management Committee and approved by the Board of Directors at their respective meetings held on 27 January 2023. The statutory auditors h
Slide 22: Notes: Sterlite Copper litigation
The Company was also in the process of expanding its capacities at an adjacent site ("Expansion Project"). 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 manda
Slide 23: Formulae for computation of ratios
Formulae for computation of ratios are as follows: a) i Debt-Equity Ratio Total Debt/ Total Equity I 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 e
Slide 24: Press release: 15% QoQ growth in profit after tax, 4th interim dividend
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 15%QoQ growth in profit after tax, declares 4th interim
Slide 25: Press release: Results for the Third Quarter - business highlights
Results for the Third Quarter and nine months ended 31st December 2022 other projects for Lanjigarh 5Mtpa expansion. o Commissioned 120ktpa billet line in Jharsuguda; ramping up billet production capacity to 580ktpa. o Quarterly Alumina production decreased by 2%QoQ to 443kt, due to maintenance acti
Slide 26: ESG Highlights
Results for the Third Quarter and nine months ended 31st December 2022 ESG Highlights: ▪ Significant improvement in ESG score of Vedanta Limited by various key external ESG rating agencies: o Vedanta Limited ranked 6th among DJSI’s top 10 global diversified Metal & Mining peers and inducted into Dow
Slide 27: Consolidated Financial Performance
Results for the Third Quarter and nine months ended 31st December 2022 Consolidated Financial Performance: (In ₹ crore, except as stated) Q3 Q2 Q3 9m Particulars FY2023 FY2023 FY2022 FY2023 FY2022 Net Sales/Income from operations 33,691 36,237 33,697 108,179 91,850 Other Operating Income 411 417 400
Slide 28: Finance cost, taxes, PAT, leverage and liquidity
Results for the Third Quarter and nine months ended 31st December 2022 ▪ Finance Cost: o Finance cost decreased by 4%QoQ to ₹1,572 crore, majorly due to decrease in average borrowings and higher interest capitalization. ▪ Investment Income: o Investment Income improved 8%QoQ to ₹679 crore, majorly d
Slide 29: Awards and results conference call
Results for the Third Quarter and nine months ended 31st December 2022 ▪ ESL awarded with SAP ACE Award 2022 for Best Procurement Transformation for Implementation of ARIBA & IRPA Solution ▪ VAL – L awarded with Kalinga Safety Award for Gold Category at National Safety Conclave 2022 ▪ VAL-J awarded
Slide 30: Press release company details and disclaimer
Results for the Third Quarter and nine months ended 31st December 2022 Limited is listed on the Bombay Stock Exchange and the National Stock Exchange. For more information, please visit www.vedantalimited.com Vedanta Limited Vedanta, 75, Nehru Road, Vile Parle (East), Mumbai - 400 099 www.vedantalim
Slide 31: 3QFY23 Earnings
VEDANTA LIMITED INVESTOR PRESENTATION January 27, 2023 3QFY23 Earnings Presentation Sensitivity: Internal (C3)
Slide 32: 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 33: 3QFY23 Review and Business Update
VEDANTA LIMITED INVESTOR PRESENTATION 3QFY23 3QFY23 Review and Business Update Sunil Duggal Group CEO & Chief Safety Officer Sensitivity: Internal (C3)
Slide 34: 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 35: Vedanta is well positioned to capitalize on the momentum
Vedanta is well positioned to capitalize on the momentum Macro outlook Vedanta’s levers to capitalize on the momentum ▪ Improving commodity prices amidst – Cost optimization with improved linkage coal o Balanced supply demand and low inventories materialization and operational efficiencies o China’s
Slide 36: Strong quarterly operational and financial performance
Strong quarterly operational and financial performance despite challenging macroeconomic environment ESG Operational Financial ▪ Significant improvement in ESG score of both Key businesses continue to deliver ▪ Revenue of ₹ 33,691 crore Vedanta Limited and Hindustan Zinc (HZL) by strong operating pe
Slide 37: ESG strategy: Pillar 1 – transforming communities
Steadily progressing on our repurposed ESG strategy: Pillar 1 – transforming communities Total Beneficiaries 9MFY23 CSR Spend1 Total Nandghars Key Initiatives of CSR 3.14+ mn ₹ 216+ crores 3,955 Areas of Focus in CSR Healthcare Drinking water and sanitation Nand Ghar Support: Ranthambore Nat. Park >
Slide 38: 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) 3Q Key strategic initiatives/outcomes (FY21) Target Absolute GHG ▪ Procured ~ 390 Million unit of RE power in Aluminium BU in 3QFY23 60mn 45mn emissions (TCO2e) ▪ Biomass usa
Slide 39: 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 3Q Key strategic initiatives/ outcomes (UoM) (FY21) Target ▪ Conducted safety pause campaign across entire Vedanta sites to re- Ongoing emphasize importance of workplace safety
Slide 40: ESG Ratings: significant improvement across key external ratings
ESG Ratings: significant improvement across key external ratings Percentile Ranking Risk Score (Lower the better) ESG Rating ESG Rating 98% 47 BB 80 B 80 B 80 44 B 60 B- 60 89% 39.6 86% CCC 40 CCC 40 C 40 2020 2021 2022 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022 ▪ Vedanta among top 10 ▪
Slide 41: Key ESG projects across Vedanta
Key ESG projects across Vedanta Green Copper Critical Risk Management Renewable Energy Nature Based Solutions BU: Sterlite Copper BU: All BU BU: VZI BU: Cairn India Aim 4: Net Carbon neutral by 2050 Aim 7: Prioritizing safety and Aim 4: Net zero carbon by 2050 or Aim 6: Greener Business Model or soo
Slide 42: 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 43: Digitalization Use Case: Advanced Process Control – Evaporation
Digitalization Use Case : Advanced Process Control (APC) – Evaporation KPI: Specific Steam Consumption Optimization Specific Steam Consumption (SSC) across the evaporation units in alumina refinery is being optimized through the APC system by minimizing variability & driving efficiencies Outcome and
Slide 44: Aluminium: COP improved 12% QoQ
Aluminium: COP improved 12%QoQ on operational and buying efficiencies Aluminium: Achieved record 9M metal production Key quarterly performance highlights: COP ($/T) ▪ Aluminium production lower by 2% YoY and 3% Production (kt) 1,697 1,716 Margin ($/t) QoQ 2,412 2,429 2,055 2,149 1,747 ▪ VAP sales st
Slide 45: Aluminium: significant progress in various growth projects
Aluminium: significant progress in various growth projects Lanjigarh expansion: few completed projects during 3QFY23 PHE Unit Ball Mill Gear Erection 13 MV Board Erection Evaporation Unit Compressor House Digestion Heater Flow Discharge Unit Raw water system unit 15 Note: All the Capex are Subject t
Slide 46: Zinc India: best-ever 9M mined and refined metal production
Zinc India: delivered best–ever 9M mined metal and refined metal production Key quarterly performance highlights: 9-Months’ key performance highlights: ▪ Mined metal production up 1% YoY with higher ore production ▪ Best-ever 9-month mined metal production, up 5% YoY ▪ Refined metal production was l
Slide 47: Zinc International: steady operations at 280+ KTPA MIC run rate
Zinc International: steady operations at 280+ KTPA MIC production run rate MIC Production (KT) Key quarterly performance highlights: 210 Gamsberg BMM 168 51 ▪ Total MIC production increased 32%YoY 42 159 74 69 126 ▪ Gamsberg MIC production increased 26%YoY 52 19 17 11 55 52 ▪ Gamsberg COP (ex TcRc)
Slide 48: Zinc International: journey so far and value potential
Zinc International: journey so far and value potential 1,000 ZI Reserve and Resources ZI Production (mt tonnes) Gamsberg (KTPA) BMM (KTPA) 671 600 100 566 260 - 295 509 223 82 60-70 500 434 52 65 170 200-225 17 FY19 FY22 FY23e FY25e Medium-Term FY19 FY20 FY21 FY22 Potential Gamsberg Phase 2: ▪ Proje
Slide 49: Zinc International sale to HZL
Zinc International sale to HZL: unlocking significant value with a win-win deal for both VEDL and HZL shareholders ▪ Proposed transaction: Sale of Vedanta Zinc International (VZI) Transaction Structure business (Gamsberg, Black Mountain and Skorpion operations) to Hindustan Zinc Limited (HZL) ▪ Sale
Slide 50: Oil & Gas: QoQ volume improved with focus on growth projects
Oil & Gas: QoQ volume improved with focus on growth projects Key highlights: Gross production (kboepd) ▪ Rajasthan PSC Signoff: Addendum to PSC for 10-year 159 163 extension with effect from 15th May 2020 signed off 140 145 144 ▪ Production: 3QFY23 Average gross production higher by 3%QoQ mainly due
Slide 51: Iron ore and VAB
Iron ore and VAB Karnataka Iron ore production Iron ore – Karnataka: Production (mn tonnes) ▪ Quarterly production higher by 32% QoQ and 15% YoY 4.0 3.8 ▪ First to complete export shipment of Karnataka origin ore in Dec 22 post removal of export ban 1.4 1.2 1.1 Value added business (VAB): ▪ VAB prod
Slide 52: ESL Steel and FACOR
ESL Steel and FACOR ESL: key performance highlights FACOR: key performance highlights ▪ Quarterly saleable production lower by 6%QoQ on ▪ Quarterly Ore production increased 88%QoQ as 2QFY23 production account of maintenance activity in blast furnace in 3Q was affected by heavy monsoon; 9MFY23 Ore pr
Slide 53: 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 54: Finance Update
VEDANTA LIMITED INVESTOR PRESENTATION 3QFY23 Finance Update Ajay Goel Acting Group Chief Financial Officer Sensitivity: Internal (C3)
Slide 55: 3QFY23 financial snapshot
3QFY23 financial snapshot Revenue EBITDA EBITDA Margin1 Profit after tax ₹ 33,691 crore ₹ 7,100 crore 24% ₹ 3,092 crore Lower 12% QoQ Strong margin Higher 15% QoQ Lower 7% QoQ FCF (Pre Capex) Net Debt / EBITDA Cash and Cash ROCE 2 equivalents c.23% ₹ 6,504 crore 0.96x ₹ 23,474 crore Maintained stron
Slide 56: EBITDA bridge 3QFY23 vs. 2QFY23
EBITDA bridge 3QFY23 vs. 2QFY23 (QoQ comparison) (In ₹ crore) Zinc (425) Aluminium 284 Brent (210) HZL (228) Aluminium (168) 16 2 92 569 8,436 8,038 920 765 1,426 7,100 Market & Regulatory Operational: ₹ 90 crore ₹ 398 crore 2QFY23 LME/ Brent / Input Fx Regulatory & Rebased Volume Cost & Others 3QFY
Slide 57: Net Debt Walk - 3QFY23
Net Debt Walk- 3QFY23 (In ₹ crore) Inventory, Debtors & others 944 1,233 38,076 Creditors 2,391 8,783 32,144 4,563 3,335 3,814 FCF Post Capex Rs 4,084 Cr Net Debt Cash flow from WC Movements Capex Dividend Translation and Net Debt 30th Sep'22 operations Others 31st Dec'22 27 Vedanta Limited 3QFY23 I
Slide 58: Balance sheet and debt breakdown
Balance sheet and debt breakdown Net debt / EBITDA – maintained at low level Debt breakdown (as of 31st Dec’2022) Gross Debt In $bn In ₹ 000’ crores 1.1 1.0 1.0 Term debt 6.1 50.7 0.9 0.9 0.5 Working capital 0.4 3.2 FY'18 FY'19 FY'20 FY'21 FY'22 Dec FY'23 Short term borrowing 0.9 7.7 ▪ Liquidity: Ca
Slide 59: Appendix
VEDANTA LIMITED INVESTOR PRESENTATION 3QFY23 Appendix Sensitivity: Internal (C3)
Slide 60: Income statement
Income statement ▪ Depreciation & Amortization 3Q 2Q 3Q In ₹ Crore FY23 FY23 FY22 o Higher YoY and QoQ mainly due to increase in depletion charge in Oil & Gas business Revenue from operations 33,691 36,237 33,697 Other operating income 411 417 400 ▪ Finance Cost o Increased YoY majorly due to increa
Slide 61: EBITDA bridge 3QFY23 vs. 3QFY22
EBITDA bridge 3QFY23 vs. 3QFY22 (YoY comparison) (In ₹ crore) Aluminium (2,145) Zinc (931) Brent 179 10,938 Aluminium (11) 2,857 HZL (195) 75 347 1,557 1,548 7,997 312 238 7,100 IOB (141) HZL (94) Cairn (156) Market & Regulatory Operational: ₹ (659) crore ₹ (2,941) crore 3QFY22 LME/ Brent / Input Fx
Slide 62: Entity-wise Cash and Debt
Entity-wise Cash and Debt (In ₹ crore) Dec 31, 2022 Sep 30, 2022 Dec 31, 2021 Company Cash & Cash & Cash & Debt Net Debt Debt Net Debt Debt Net Debt Cash Eq Cash Eq Cash Eq Vedanta Limited Standalone 45,245 3,388 41,857 45,296 3,953 41,343 35,065 3,393 31,671 Cairn India Holdings Limited1 870 1,425
Slide 63: Funding sources and term debt maturities
Funding sources and term debt maturities Diversified Funding Sources for Long Term Debt of $6.1 Bn Long Term Debt Maturities : ₹ 50,718 crore ($6.1 Bn) (as of 31st Dec’22) (as on 31st Dec’22) 0.1% Standalone Subsidiaries 7% 29.3 20% In ₹ 000’ crore Bonds INR Term Loan INR 6.4 Term Loan Fx Bonds Fx 2
Slide 64: Segment Summary – Aluminium
Segment Summary – Aluminium Particulars (in’000 tonnes, or as Quarter 9-month stated) 3QFY23 3QFY22 % YoY 2QFY23 9MFY23 9MFY22 % YoY Alumina – Lanjigarh 443 472 (6%) 454 1,382 1,465 (6%) Total Aluminum Production 566 579 (2%) 584 1,716 1,697 1% Jharsuguda 424 432 (2%) 443 1,291 1,259 3% Korba 142 14
Slide 65: Aluminium profitability
Aluminium profitability $/t 2QFY23 2,354 234 190 2,778 738 1,066 624 184 165 2,429 2,149 3QFY23 153 2,548 71 2,324 757 1,791 782 611 190 209 LME Strategic Premium Realisation Alumina Power Other hot Conversion & EBITDA Hedging metal other 35 Vedanta Limited 3QFY23 Investor Presentation Sensitivity:
Slide 66: Segment Summary – Zinc India
Segment Summary – Zinc India Quarter 9 Months Production (in ’000 tonnes, or as stated) 3QFY23 3QFY22 % YoY 2QFY23 9MFY23 9MFY22 % YoY Mined metal content 254 252 1% 255 761 722 5% Integrated metal 257 261 (2%) 246 762 707 8% Refined Zinc – Integrated 210 214 (2%) 189 606 565 7% Refined Lead – Integ
Slide 67: Segment summary – Zinc International
Segment summary – Zinc International Quarter 9 Months Production (in’000 tonnes, or as stated) 3QFY23 3QFY22 % YoY 2QFY23 9MFY23 9MFY22 % YoY Mined metal content- BMM 17 11 53% 19 51 42 20% Mined metal content- Gamsberg 52 41 26% 55 159 126 27% Total 69 52 32% 74 210 168 25% Financials (In ₹ Crore,
Slide 68: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Quarter 9 Months OIL AND GAS (boepd) 3QFY23 3QFY22 % YoY 2QFY23 9MFY23 9MFY22 % YOY Average Daily Gross Operated 144,789 159,230 (9%) 140,471 144,441 163,146 (11%) Production (boepd) Rajasthan 118,314 136,795 (14%) 120,805 122,291 139,452 (12%) Ravva 13,064 14,457 (10%) 9
Slide 69: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Quarter 9 Months OIL AND GAS (boepd) 3QFY23 3QFY22 % YoY 2QFY23 9MFY23 9MFY22 % YOY Average Daily Production Gross operated 144,789 159,230 (9%) 140,471 144,441 163,146 (11%) Oil 118,530 133,731 (11%) 118,279 121,015 137,267 (12%) Gas (Mmscfd) 158 153 3% 133 141 155 (9%)
Slide 70: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore and Steel Iron Ore Particulars (in million dry metric tonnes, or Quarter 9 Month as stated) 3QFY23 3QFY22 % YoY 2QFY23 9MFY23 9MFY22 % YoY Sales 1.4 1.6 (14%) 1.3 3.9 4.5 (13%) Goa 0.2 0.1 - 0.0 0.6 0.5 7% Karnataka 1.2 1.5 (22%) 1.3 3.3 4.0 (16%) Production of Saleable Or
Slide 71: Segment Summary – FACOR and Copper
Segment Summary – FACOR and Copper Copper Quarter 9 Months Production (in ’000 tonnes, or as stated) 3QFY23 3QFY22 % YoY 2QFY23 9MFY23 9MFY22 % YoY Copper - Cathodes 34 33 3% 41 114 91 25% Financials (In ₹ crore, except as stated) Revenue 4,158 3,741 11% 4,011 12,384 10,800 15% EBITDA (55) 15 - 15 (
Slide 72: Sales Summary – Zinc and Aluminium
Sales Summary – Zinc and Aluminium Quarter 9 Months Sales volume 3QFY23 3QFY22 2QFY23 9MFY23 9MFY22 Zinc-India Sales Refined Zinc (kt) 210 212 189 605 563 Refined Lead (kt) 46 47 57 157 142 Total Zinc-Lead (kt) 257 259 245 762 706 Silver (tonnes) 161 173 194 532 485 Zinc-International Sales Zinc Con
Slide 73: Sales summary – Iron & Steel, FACOR and Power
Sales summary – Iron & Steel, FACOR and Power Quarter 9 Months Sales volume Quarter 9 Months Sales volume 3QFY23 3QFY22 2QFY23 9MFY23 9MFY22 Power Sales (mu) 3QFY23 3QFY22 2QFY23 9MFY23 9MFY22 Iron ore sales Jharsuguda 736 755 634 2,207 2,060 Goa (mn dmt) 0.2 0.1 0.0 0.6 0.5 TSPL 2,651 2,355 2,843 8
Slide 74: Currency and commodity sensitivities
Currency and commodity sensitivities Foreign Currency - Impact of ₹ 1 depreciation in FX Rate Currency Increase in EBITDA INR/USD ~ ₹ 1000 crore / year Commodity prices – Impact of a 10% increase in Commodity Prices 9M FY23 9M Impact on Commodity Average price EBITDA ($mn) Oil ($/bbl) 101 60 Zinc ($
Slide 75: Group structure
Group structure As of 31-Dec-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 76: 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 77: Awards and Recognition - 3QFY23
Awards and Recognition - 3QFY23 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 HZL won prestigious S&P Global - Platts Global Balco awarded wi
Slide 78: Results Conference Call Details
Results Conference Call Details Results conference call is scheduled at 5:30 PM (IST) on Jan 27, 2023. The dial-in numbers for the call are given below: Event Telephone Number +91 22 6280 1114 Universal Dial-In +91 22 7115 8015 India National Toll Free 1 800 120 1221 Canada 01180014243444 Earnings c