Vedanta Limited · NSE:VEDL
Vedanta — Q1 FY2023 Earnings Presentation
70 slides from Vedanta's earnings presentation, Jul 28, 2022
Slide 1: Outcome of Board Meeting letter
VEDL/Sec./SE/22‐23/84 July 28, 2022 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 Board Meeting
Slide 2: Independent Auditor's Review Report (Consolidated)
12th Floor, The Ruby S.R. BATLIBOI & Co. LLP 29 Senapati Bapat Marg Dadar (West) 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 Regulatio
Slide 3: Emphasis of Matter and Other Matters
S.R. BATLIBOI & Co. LLP Chartered Accountants Emphasis of Matter 6. We draw attention to note 5 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 petroleum by
Slide 4: Auditor's Report continued
S.R. BATLIBOI & Co. LLP Chartered Accountants x 1 unincorporated joint operation not operated by the group; whose interim financial results includes the Group’s share of revenue of Rs 33 crores, Group’s share of net profit of Rs. 16 crores and Group’s share of total comprehensive income of Rs. 16 cr
Slide 5: List of subsidiaries/associates/joint ventures
S.R. BATLIBOI & Co. LLP Chartered Accountants Annexure 1 to our report dated July 28, 2022 on the consolidated financial results of Vedanta Limited for quarter ended June 30, 2022 List of subsidiaries/associates/ joint ventures Subsidiaries S. No. Name 1 Bharat Aluminium Company Limited (BALCO) 2 Co
Slide 6: Associates, joint ventures and joint operations
S.R. BATLIBOI & Co. LLP Chartered Accountants S. No. Name 46 Facor Realty and Infrastructure Limited 47 Hindustan Zinc Alloy Private Limited I 48 I Desai Cement Company Private Limited (DCCPL) Associates S. No. Name 1 RoshSkor Township (Proprietary) Limited 2 Gaurav Overseas Private Limited 3 Raykal
Slide 7: Statement of Unaudited Consolidated Results Q1 FY23
Vedanta Limited §l§ ~ vedanta rran 5formlng good lor CIN no. Ll3209MHl965PLC291394 Regd. Office: Vedanta Limited, 1st Floor, 'C' wing, Unit l03, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai--400093, Maharashtra STATEMENT OF UNAUDITED CONSOLIDATED RESULTS FOR THE QUARTER ENDED 30
Slide 8: Consolidated results: other comprehensive income
(f in Crore, except as stated) Quarter ended Year ended 30.06.2022 31.03.2022 30.06.2021 31.03.2022 s. Particulars (Unaudited) (Audited) (Unaudited) (Audited) No. (Refer note 2) 13 Other Comprehensive Income/ (Loss) i. (a) Items that will not be reclassified to profit or loss (38) (49) 32 (3) (b) Ta
Slide 9: Segment information
(fin Crore) Quarter ended Year ended 30.06.2022 31.03.2022 30.06.2021 31.03.2022 S.No. Segment information (Unaudited) (Audited) (Unaudited) (Audited) (Rerer note 2) I Segment Revenue a) Zinc, Lead and Silver (i) Zinc & Lead - India 8,066 7,551 5,217 24,418 (ii) Silver - India 1,109 1,036 1,106 4,20
Slide 10: Segment liabilities
(fin Crore) Quarter ended Year ended 30.06.2022 31.03.2022 30.06.2021 31.03.2022 S. No. Segment information (Unaudited) (Audited) (Unaudited) (Audited) (Refer note 2) 4 Segment liabilities a) Zinc. Lead and Silver - India 6,537 6_229 4,951 6,229 b) Zinc - International 1,163 1,159 1,034 1,159 c) Oil
Slide 11: 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 quarter ended 30 June 2022 have been reviewed by the Audit and Risk Management Committee at its meeting held on 27 July 2022 and approve
Slide 12: Notes: PSC extension and audit exceptions
One of the conditions for extension relates to notification of certain audit exceptions raised for FY 2016-17 as per PSC provisions and proviue for payment of amounts, if such audit exceptions result into any creation of liability. In connection with the said audiL exceptions, a demand of~ 2,870 Cro
Slide 13: Notes: acquisition of Athena Chhattisgarh Power
8 Subsequent to the quarter ended 30 June 2022, the Company acquired controlling stake in Athena Chhattisgarh Power Limited ("ACPL") under the liquidation proceedings of the Insolvency and Bankruptcy Code, 2016 for a consideration off 565 Crore. ACPL is building a 1,200 MW (600 MW X 2) coal-based po
Slide 14: Independent Auditor's Review Report (Standalone)
12th Floor, The Ruby S.R. BATLIBOI & Co. LLP 29 Senapati Bapat Marg Dadar (West) 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
Slide 15: Auditor's Report: Other Matter
S.R. BATLIBOI & Co. LLP Chartered Accountants Other Matter 6. We did not audit the financial results and other financial information in respect of an unincorporated joint operation not operated by the Company, whose interim financial results include Company’s share of revenue of Rs 33 crores, Compan
Slide 16: Statement of Unaudited Standalone Results
~ v~~5!!!!~r Vedanta Limited good CTN no. Ll3209MH1965PLC291394 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 ENDED 30 JUNE 2022 (a!' in Cror
Slide 17: Standalone segment information
(? in Crore) Quarter ended Year ended 30.06.2022 31.03.2022 30.06.2021 31.03.2022 S. No. Segment information (Unaudited) (Audited) (Unaudited) (Audited) (Refer Note 2) I Segment revenue a) Oil &Gas 2,122 2,067 1,339 6,622 b) Aluminium 11,171 11,766 7,617 38,371 c) Copper 3,040 3,286 2,206 11,096 d)
Slide 18: Notes to standalone results
Notes:- ! The above results of Vedanta Limited ("the Company"), for the quarter ended 30 June 2022 have been reviewed by the Audit and Risk Manngeme m Committee at its meeting held on 27 July 2022 and approved by the Board of Directors at its meeting held on 28 July 2022 The statutory auditors have
Slide 19: Notes: disputed audit exceptions and arbitration
The Company has disputed the aforesaid demand and the other audit exceptions, notified till date, as in the Company's view the audit notings are not in accordance with the PSC and are entirely unsustainable Further, as per PSC provisions, disputed notings do not prevail and accordingly do not result
Slide 20: Formulae for ratio computation
Formulae for computation of ratios are as follows : a) Debt-Equity Ratio Total Debt/ Total Equity Debt Service Coverage Ratio Income available for debt service/ (interest expense+ repayments made during the period for long term loans), b) where income available for debt service = Profit before excep
Slide 21: Press release: highest ever first quarter EBITDA
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 1 Vedanta Limited reports highest ever first quarter consolidated EBITDA of ₹10,741 cro
Slide 22: Results for the first quarter: business highlights
Results for the first quarter ended 30th June 2022 o Highest ever 1Q refined metal production of 260kt, up 10%YoY o Silver production at 177 tonnes, up 10%YoY ▪ Zinc International: o Record quarterly metal in concentrate production at Gamsberg of 53kt, up 14%YoY ▪ Oil & Gas: o Average gross operated
Slide 23: Consolidated financial performance
Results for the first quarter ended 30th June 2022 actively recruited members from the transgender community as part of our workforce. I am also happy to inform that we will start reporting our Scope 3 emission from FY22 Sustainability report, three years before our stated timeline. We strongly beli
Slide 24: Depreciation, finance cost, investment income, taxes
Results for the first quarter ended 30th June 2022 ▪ Depreciation & Amortization: o 1QFY23 Depreciation & amortisation increased by 16%YoY to ₹2,464 crore, mainly due to higher depletion charge in Oil & Gas and higher ore production at Zinc India. ▪ Finance Cost: o 1QFY23 Finance cost increased 2%Yo
Slide 25: Awards and recognition
Results for the first quarter ended 30th June 2022 ▪ VAL - J awarded with ‘CSR Program of the Year Award’ at Odisha Business Leader of the Year Awards 2022 ▪ HZL awarded with ‘Master of Risk award in fraud prevention & ethics management’ at India Risk Management Awards ▪ Vedanta’s Value-Added Busine
Slide 26: About Vedanta Limited
Results for the first quarter ended 30th June 2022 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 Aluminium & Powe
Slide 27: 1QFY23 Earnings Presentation
VEDANTA LIMITED INVESTOR PRESENTATION 28th July 2022 1QFY23 Earnings Presentation Sensitivity: Internal (C3)
Slide 28: 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 29: 1QFY23 Review and Business Update
VEDANTA LIMITED INVESTOR PRESENTATION 1QFY23 1QFY23 Review and Business Update Sunil Duggal Group CEO & Chief Safety Officer Sensitivity: Internal (C3)
Slide 30: Commodity prices moderated on near-term macro volatility
Commodity prices moderated on near-term macro volatility; Supply gap increase potential to support prices Near term macro volatility Supply gap to increase in medium and long term ▪ Global economy is facing Europe’s energy crisis led cost pressures, and volatility amidst – easing lockdowns and stimu
Slide 31: Vedanta is uniquely positioned to deliver sustainable value
Vedanta is uniquely positioned to deliver sustainable value Robust financial profile with improving World-class natural resources powerhouse with ROCE, increasing cash flow and a low cost and long-life diversified asset base stronger balance sheet 1 Well positioned to capitalize on India’s 7 growth
Slide 32: Strong start with best ever 1Q performance
Strong start with best ever 1Q performance Operational Financial ESG Key businesses continue to deliver strong ▪ Revenue of ₹ 38,251 crore, up ▪ Completed internal carbon pricing, climate operating performance: 36%YoY risk assessment, scope -3 inventorization ▪ Aluminium production grew 3%YoY ▪ Achi
Slide 33: ESG strategy: Pillar 1 – Transforming Communities
Steadily progressing on our repurposed ESG strategy: Pillar 1 – Transforming Communities ~1.8 million beneficiaries across 130 Vedanta-wide programs in 1QFY23 3,348 Nand Ghar established in 12 states Healthcare: Drinking water and sanitation: • Nearly 0.7 Million people benefited • More than 550,000
Slide 34: 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) Key strategic initiatives (FY21) Target Absolute GHG emissions 60mn ▪ Started Biomass usage at HZL / BALCO / Val J 45mn (TCO2e) ▪ Procured ~ 867 Million units of RE power in
Slide 35: ESG strategy: Pillar 3 – Transforming the workplace
Steadily progressing on our repurposed ESG strategy: Pillar 3 – Transforming the workplace Baseline 2030 Our aims Key KPIs (UoM) Key strategic initiatives (FY21) Target ▪ Implementing Critical Risk Controls on vehicular safety across Prioritizing Ongoing sites safety and Fatal incidences target- ▪ E
Slide 36: Aluminium: value creation through growth and integrated operations
Aluminium: value creation through continued focus on growth and integrated operations Aluminium: Record throughput, VAP sales continue to improve YoY Key highlights: Production (kt) COP ($/T) Margin ($/t) 580 2,653 ▪ Aluminium production up 3% YoY, driven by 570 2,182 572 JSG ramp-up 560 1,526 565 1
Slide 37: Aluminium: growth and vertical integration projects
Aluminium: growth and vertical integration projects underway to reduce market volatility impact and create value ▪ Aluminium capacity expansion to 3 MTPA Lanjigarh refinery expansion projects status o JSG capacity ramp-up to 1.8 MTPA – 2QFY23 o Balco capacity expansion to 1 MTPA – 1QFY24 Boiler #1 &
Slide 38: Zinc India: new milestones for 1Q performance
Zinc India: setting new milestones for 1Q performance ▪ Delivered mined metal production at 252 kt with 14%YoY growth; driven by higher ore production and better mill recovery ▪ Achieved highest ever 1Q refined metal production with 10%YoY growth; In line with mined metal and better plant availabili
Slide 39: Zinc International: highest ever 1Q production
Zinc International: achieved highest ever 1Q production with Gamsberg’s Jun’22 annualized MIC production run rate at 225 kt Gamsberg - Production Key highlights: ▪ Achieved record quarterly MIC production with 14% Production (kt) YoY and 19% QoQ growth 53 46 45 ▪ Quarterly plant recovery improved at
Slide 40: Oil & Gas: stable operations with focus on growth projects
Oil & Gas: stable operations with focus on growth projects Key highlights: Gross production (kboepd) ▪ Production: impact of natural decline in Rajasthan and 165 Offshore blocks largely offset by – 154 148 o Infill wells in Mangala, ABH and NI fields o Ramp-up of gas production at Rajasthan block ▪
Slide 41: Iron ore: VAB delivers resilient performance
Iron ore: VAB delivers resilient performance Key Highlights 1QFY23: Karnataka Iron ore sales ▪ Karnataka sales down 28%YoY and 48%QoQ due to delay in Sales (mn tonnes) implementation of procedural changes for material sale by DMG 1.7 ▪ VAB quarterly production increased 6% QoQ. It was lower 6% 1.3 Y
Slide 42: ESL Steel and FACOR
ESL Steel and FACOR ESL: key performance highlights FACOR: key performance highlights ▪ Hot metal production was lower by 10% YoY due to ▪ Highest ever quarterly Ore Production at 140kt since debottlenecking activities in blast furnace – 3 as part of acquisition, up 14% YoY and 223% QoQ 3MTPA capaci
Slide 43: Strategy to enhance long term value
Strategy to enhance long term value Optimise 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 44: FY23 key priorities
FY23 key priorities Deliver on target volume growth across businesses Strive for timely completion of capex projects Focus on integrated Aluminum operations to reduce impact on market volatility Continued focus on Reduce costs to sustain and improve margins sustainable shareholder value creation Imp
Slide 45: Finance Update
VEDANTA LIMITED INVESTOR PRESENTATION 1QFY23 Finance Update Ajay Goel Acting Group Chief Financial Officer Sensitivity: Internal (C3)
Slide 46: Key financial highlights
Key financial highlights Best-ever first quarter EBITDA ▪ Achieved highest ever first quarter EBITDA of 10,741 ₹10,741 crores 10,032 ▪ Continued focus on shareholder return: 6,448 5,479 5,670 5,189 o One of the best dividend yield among peers; 4,139 4,985 3,539 4,008 ~14% in FY221 and ~15.4% in YTD
Slide 47: 1QFY23 financial snapshot
1QFY23 financial snapshot Revenue EBITDA EBITDA Margin 1 Profit after tax ₹ 38,251 crore ₹ 10,741 crore 32% ₹ 5,592 crore 36% YoY 7% YoY Industry leading margin 6% YoY ROCE 2 Cash and Cash Net Debt Net Debt / EBITDA equivalents c.30% ₹ 34,342 crore ₹ 26,799 crore 0.6x ~780 bps YoY Strong liquidity p
Slide 48: EBITDA bridge 1QFY23 vs. 1QFY22
EBITDA bridge 1QFY23 vs. 1QFY22 (YoY comparison) Aluminium 1,781 (In ₹ crore) HZL,ZI 1,579 Cairn 780 ESL 390 VAL (1,028) BALCO (338) HZL (252) 4,698 4,677 43 311 886 10,896 1,399 934 10,741 10,032 HZL 369 Market & Regulatory Aluminium 169 ₹ 864 crore IOB (242) 1QFY22 LME/ Brent / Input Currency Regu
Slide 49: Net debt movement during 1QFY23
Net debt movement during 1QFY23 (In ₹ crore) 2,340 Inventory, Debtor & others 5,134 Creditors/Advances (3,545) 26,799 11,684 20,979 9,219 4,106 1,589 FCF Post Capex ₹ 3,524 Cr Net Debt CF from WC Movements Capex Dividend ICL & others Net Debt (Apr 1, 2022) Operations (Jun 30, 2022) 23 ICL: Intercomp
Slide 50: Balance sheet and debt breakdown
Balance sheet and debt breakdown Net debt / EBITDA – maintained at low level Debt breakdown (as of 30th Jun 2022) Gross Debt In $bn In ₹ 000’ crores 1.1 1.0 0.9 0.9 Term debt 6.4 50.6 0.5 0.6 Working capital 0.4 3.3 FY'18 FY'19 FY'20 FY'21 FY'22 1QFY'23 Short term borrowing 0.9 7.2 ▪ Liquidity: Cash
Slide 51: Appendix
VEDANTA LIMITED INVESTOR PRESENTATION 1QFY23 Appendix Sensitivity: Internal (C3)
Slide 52: Income statement
Income statement 1Q 1Q 4Q ▪ Depreciation & Amortization In ₹ Crore FY23 FY22 FY22 o Higher by 16% YoY in 1QFY23 mainly due to increase in depletion charge in Oil & Gas and increased Ore production Revenue from operations 38,251 28,105 39,342 at Zinc India Business Other operating income 371 307 480
Slide 53: Entity-wise Cash and Debt
Entity-wise Cash and Debt (In ₹ crore) Jun 30, 2022 Mar 31, 2022 Jun 30, 2021 Company Cash & Cash & Cash & Debt Net Debt Debt Net Debt Debt Net Debt Cash Eq Cash Eq Cash Eq Vedanta Limited Standalone 45,177 4,903 40,274 36,696 7,057 29,639 27,788 2,246 25,542 Cairn India Holdings Limited1 1,595 2,86
Slide 54: Funding sources and term debt maturities
Funding sources and term debt maturities Diversified Funding Sources for Term Debt of $6.4bn Term Debt Maturities : ₹ 50,658 crore ($6.4bn) (as of 30th Jun 2022) (as on 30th Jun’22) Standalone Subsidiaries 8% 21% In ₹ 000’ crore Bonds INR Term Loan INR 6.3 Term Loan USD 20.5 71% 2.1 5 2.0 5 6 3.7 Te
Slide 55: Segment Summary – Aluminium
Segment Summary – Aluminium Quarter Full year Particulars (in’000 tonnes, or as stated) 1QFY23 1QFY22 % YoY 4QFY22 FY22 Alumina – Lanjigarh 485 482 1% 503 1,968 Total Aluminum Production 565 549 3% 572 2,268 Jharsuguda 423 404 5% 428 1,687 Korba 142 144 (1%) 144 582 Financials (In ₹ crore, except as
Slide 56: Aluminium profitability
Aluminium profitability $/t 4QFY22 3,280 - 102 145 3,527 (858) (826) (499) (160) 1,185 (150) (253) 783 2,182 1QFY23 2,653 99 151 3,290 165 828 2,875 2,875 1,237 588 110 527 138 146 242 LME Strategic Ingot Value Realisation Alumina Power Other hot Conversion EBITDA Depreciation Interest PBT Hedging P
Slide 57: Segment Summary – Zinc India
Segment Summary – Zinc India Quarter Full year Production (in ’000 tonnes, or as stated) 1QFY23 1QFY22 % YoY 4QFY22 FY22 Mined metal content 252 221 14% 295 1,017 Integrated metal 260 236 10% 260 967 Refined Zinc – Integrated 206 188 10% 211 776 Refined Lead – Integrated1 54 48 11% 49 191 Refined Sa
Slide 58: Segment summary – Zinc International
Segment summary – Zinc International Quarter Full year Production (in’000 tonnes, or as stated) 1QFY23 1QFY22 % YoY 4QFY22 FY22 Mined metal content- BMM 15 15 - 10 52 Mined metal content- Gamsberg 53 46 14% 45 170 Total 68 61 11% 55 223 Financials (In ₹ Crore, except as stated) Revenue 1,459 1,119 3
Slide 59: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Quarter Full year Oil & Gas (boepd) 1QFY23 1QFY22 % YoY 4QFY22 FY22 Average Daily Gross Operated Production 148,104 164,899 (10%) 153,840 160,851 (boepd) Rajasthan 127,815 139,798 (9%) 132,443 137,723 Ravva 10,990 14,662 (25%) 13,248 14,166 Cambay 9,209 10,440 (12%) 8,065
Slide 60: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Quarter Full year Oil & Gas (boepd) 1QFY23 1QFY22 % YoY 4QFY22 FY22 Average Daily Production Gross operated 148,104 164,899 (10%) 153,840 160,851 Oil 126,292 139,978 (10%) 130,758 135,662 Gas (Mmscfd) 131 150 (13%) 138 151 Non operated- Working interest 489 530 (8%) 513 5
Slide 61: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore and Steel Iron Ore Quarter Full year Particulars (in million dry metric tonnes, or as stated) 1QFY23 1QFY22 % YoY 4QFY22 FY22 Sales 1.26 1.64 (24%) 2.29 6.8 Goa 0.35 0.39 (9%) 0.55 1.1 Karnataka 0.91 1.26 (28%) 1.74 5.7 Production of Saleable Ore 1.26 1.46 (14%) 1.41 5.4 G
Slide 62: Segment Summary – Power
Segment Summary – Power Particulars (in million units) Quarter Full year 1QFY23 1QFY22 % YoY 4QFY22 FY22 Total Power Sales 3,577 2,716 32% 2,803 11,872 Jharsuguda 837 545 53% - 2,060 BALCO - 409 - 251 1,139 HZL Wind Power 150 134 12% 66 414 TSPL 2,590 1,628 59% 2,486 8,259 Financials (in ₹ crore exc
Slide 63: Segment Summary – FACOR and Copper
Segment Summary – FACOR and Copper Copper India Quarter Full year Production (in ’000 tonnes, or as stated) 1QFY23 1QFY22 % YoY 4QFY22 FY22 Copper - Cathodes 38 28 37% 34 125 Financials (In ₹ crore, except as stated) Revenue 4,215 3,499 20% 4,351 15,151 EBITDA (14) (106) - 16 (115) Copper LME Price
Slide 64: Sales Summary – Zinc and Aluminium
Sales Summary – Zinc and Aluminium Quarter Full Year Sales volume 1QFY23 1QFY22 4QFY22 FY22 Zinc-India Sales Refined Zinc (kt) 206 187 214 777 Refined Lead (kt) 54 49 49 192 Total Zinc-Lead (kt) 260 236 263 969 Silver (tonnes) 177 160 162 647 Zinc-International Sales Zinc Refined (kt) - - - - Zinc C
Slide 65: Sales summary – Iron & Steel, FACOR and Power
Sales summary – Iron & Steel, FACOR and Power Quarter Full Year Sales volume Quarter Full Year Sales volume 1QFY23 1QFY22 4QFY22 FY22 Power Sales (mu) 1QFY23 1QFY22 4QFY22 FY22 Iron ore sales Jharsuguda 837 545 - 2,060 Goa (mn dmt) 0.4 0.4 0.5 1.1 TSPL 2,590 1,628 2,486 8,259 Karnataka (mn dmt) 0.9
Slide 66: Currency and commodity sensitivities
Currency and commodity sensitivities Foreign Currency - Impact of ₹ 1 depreciation in FX Rate Currency Increase in EBITDA INR/USD ~ ₹ 1,100 crore / year Commodity prices – Impact of a 10% increase in Commodity Prices 1QFY 2023 Full Year Impact on Commodity Average price EBITDA ($mn) Oil ($/bbl) 114
Slide 67: Group structure
Group structure As of 30-Jun-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 68: 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 69: Awards and Recognition - 1QFY23
Awards and Recognition - 1QFY23 Our group companies received more than 100 awards in the finance, operational excellence, sustainability, CSR and HR categories Sustainability development & CSR Finance & Operational Health, Safety & HR Cairn awarded the ‘India Sustainability Award’ HZL Won People Fir
Slide 70: Results Conference Call Details
Results Conference Call Details Results conference call is scheduled at 5:30 PM (IST) on July 28, 2022. The dial-in numbers for the call are given below: Event Telephone Number +91 22 6280 1114 Universal Dial-In Earnings conference call +91 22 7115 8015 on July 28, 2022 India National Toll Free 1 80