Slide 1: Q2 FY2017 Results Presentation
Exhibit 99.1 Vedanta vedanta (formerly Q2 28 Results October FY2017 conference Limited known 2016 Results ascall Sesadetails Sterlite areLtd.) on the last page of this document
Slide 2: Cautionary Statement and Disclaimer
Cautionary The No charts and subsidiaries performance, For businesses; uncertainties reliance could This Vedanta presentation VEDANTA representation us, Vedanta views presentation prove and/or uncertainties on Resources expressed any Statement and LIMITED cannot to (or Limited may graphs, and be for
Slide 3: Contents
ContentsPresenter Section Strategic Financial Business Appendix VEDANTA Update vedanta Review Update 28LIMITED Tom Arun Tom PageAlbanese, Albanese, –Kumar, Q2 FY2017 CFO CEO CEO10 RESULTS 419 PRESENTATION 3
Slide 4: Strategic Update
Strategic vedanta Tom ChiefAlbanese Executive UpdateOfficer
Slide 5: Safety, Health, Environment and Social
Safety Health, Building Understanding Resources Social -International 100 LTIFR 0.52 0.89 0.41 FY2012 Note: Water 23.5% 25.3% 27.0% FY2015 82 156 Consumption VEDANTA Tailings Vedanta Line Interactions Zero Group-wide High Public Model 0.49 0.43 FY2016 consumption Leadership Fatality “higher Licence
Slide 6: Delivering Higher Production and Ramping Up Growth
Delivering Ramping Higher Commodity Low-capex -India Focus VEDANTA Vedanta Focus On Strong Continued Fundamentals Group Expected Production track ison FCF the on simplification: EBITDA creating free up isfor ramp-up on to fastest organic LIMITED well-positioned focus prices driving production ramp-u
Slide 7: Q2 FY2017 Highlights
Operations: Aluminium: Power: O&G: Vedanta Corporate: Financial: Strong Delivered Net Contribution Interim Q2 2% 0% Key In EBITDA Attributable Group Divisional Zinc Oil Iron Copper Aluminium Power Others Notes: 2. VEDANTA Excludes Rs. FY2017 & 8% 13% debt ore: Ore Financials India: -Oil –Gas Crore I
Slide 8: Aluminium, Power and Iron Ore Ramp-ups
1Aluminum, Monsoon Q4’16 Aluminium TSPL -Goa On Ramp-up’s VEDANTA Impacted Expect Attrack Iron iron 80% Production 3rd Q1’17 to to ore availability season unit by achieve are deliver Power production LIMITED production Q2’17 pot capitalized, generating in (mn outages and significant full Goa Q4’17e
Slide 9: Diversified Portfolio with Strong EBITDA Margins
Vedanta: Vedanta’s Aluminium Commodity (01 160 48% Vedanta Jan-16 Source: 1. Strong EBITDA Zinc 5,000 32% Q1’16 2. VEDANTA Vedanta Excludes Jan 150 Oil 40% 34% 4,000 Q2’16 Mar-16 margins 2016 Company commodity 140 &Benefits Rs. diversified 34% 26% Limited Gas Zinc custom LIMITED 3,000 prices 130 = C
Slide 10: Financial Update
Financial vedanta Arun Chief Kumar Financial UpdateOfficer
Slide 11: Q2 Financial Highlights
Q2Debt Driven Strong Continued Rs. EBITDA Attributable EPS Gross Cash Net Debt/Equity3 Notes: 2. 3. Previous VEDANTA Based Financial Crore Debt Debt/EBITDA2 Gearing3 (Rs./share) 54,833 Debt3 1. Free by excludes on period up and 4,640 margin1 Excludes 11,961 or strong deleveraging, Cash last LIMITED
Slide 12: EBITDA Bridge Q1 to Q2 FY2017
EBITDA (In Brent Metal Zinc Oil Power Aluminium Iron Others 3,543 Market Rs. Operational Q1 LME, Input Profit Regulatory Currency Adjusted Volume Cost Q2 Others1 Note:1. VEDANTA Rs. FY2017 FY & 600 532 ore and 379 & base Commodity Discount 622 Petroleum Gas Premiums Brent 70 10 8 17 Crore) Marketing
Slide 13: Cost Savings Achieved
Achieved $391 $30 1,000+ Sourcing Leveraging Haulage Re-engineering Tail-end Polymer Innovative Supplier Cost 250 FY’16 Savings Segment 7% 17% Aluminium 8% Cumulative VEDANTA 60% mn 171 Savings and mnH1’17 initiatives in in 421 contracts capacities, re-negotiation Relationship -wise in marketing and
Slide 14: Income Statement
-Income In FY’17 EBITDA Depreciation Finance Other Taxes Profit Attributable Minorities Note: VEDANTA Tax Flat Higher Lower Rs.rate y-o-y Exceptional After income Income Before -(Exc. Crore FY’16 DDT Statement cost Cost y-o-y q-o-q 4,640 of%as Taxes LIMITED DDT) PAT 20% Q2 (1,529) (87) Taxes 45% (1,
Slide 15: Free Cash Flow and Net Debt Movement
-2(In 5,000 10,000 15,000 20,000 25,000 30,000 FCF 14,220 Operational Cash WC Debtors Sustaining Project Translation Dividend DDT Net Notes:1. VEDANTA 4,654 Rs. Debt movements Post Flow Crore) 10,434 4,022 Capex & Operational for 30 Capex Creditors Capex from Profit/ LIMITED Buyer’s June Sep Q2 228O
Slide 16: Optimising Capex and Prioritised Growth
Optimising Prioritised Capex Zinc: FY $0.25bn $0.26bn c.$70mn $0.2bn $0.1bn Growth Oil Al FY2016 0.5 0.8 0.3 0.7 [VALUE] 0.1 0.4 2.4 0.2 0.6 Note: VEDANTA & 2018 &Power Zinc Above Gas for for Capex for H1 for capex FY Aluminium Capex Gamsberg O&G, capital India Capex Zinc LIMITED FY2017 Capex Skorpi
Slide 17: Balance Sheet and Debt Maturity Profile
Balance (as Subsidiaries FY2022 1.2 FY2021 0.8 FY2020 0.6 0.3 0.9 FY2019 1.1 FY2018 1.0 0.7 1.7 1.6 0.5 2.2 Maturity FY2017 Access Focus Repaid Strong External Working Short Inter Total Cash Net Debt VEDANTA of Debt company breakdown excludes and consolidated term 30th on credit liquidity: to $0.6bn
Slide 18: Financial Priorities
Financial Disciplined Ramp-ups Deleveraging; Continued Strong Debt Delivering Cost Long Group Dividend VEDANTA Savings in being Term Simplification: Liquidity 1st/2nd Priorities policy at optimization reduction on refinanced Shareholder Capital LIMITED Aluminium, savings Strong quartile expected Foc
Slide 19: Business Review
Business vedanta Tom Chief Albanese Executive ReviewOfficer
Slide 20: Zinc: Global Fundamentals
Zinc: CY2016 Hindustan 500 1,100 1,400 1,700 2,000 US$/t Zinc 0% 1000 1200 0-Global 200 400 600 800 Brunswick -800 -600 -400 (250 closed Perseverance Century Lisheen (500ktpa) (160 Dugald (210 (250ktpa) Gamsberg Pomorzany Bracemac (70ktpa) 2010 Refined Jul-10 1,000 1,300 1,600 1,900 2,200 2,500 2,80
Slide 21: Hindustan Zinc Operations and Outlook
Q2 quartile Metal Refined 1st Projects RAM Ore SK Outlook FY2017 Zinc H2 Rampura Present Main South North 130mRL 80mRL +13mRL Stage-5 Current Planned -805mRL Proportion Open 1H 23% 77% FY2016 61% 39% FY2015 VEDANTA FY2017e 40% 60% Results to COP FY2017 mine: production India CoP Shaft Pit be U/G ope
Slide 22: Zinc International: Gamsberg and Skorpion
Zinc –Quarterly Q2 Skorpion Outlook FY2017 H2 250kt Feasibility DFS All Board Construction Capex Contractors Major First 9Ramp-up Full CoP Pre-stripping Gamsberg Project Source: VEDANTA Skorpion Production toCoP regulatory 12 production capacity expected International Blast ore Completed Gamsberg Ap
Slide 23: Oil and Gas: Rajasthan Results and Outlook
Oil Mangala Results RJ RDG Phase-1: Phase-2: Progress –Improved Aishwarya Rajasthan Outlook Maintenance FY Rajasthan: VEDANTA Aishwariya EOR Rajasthan Q2 40-45 Gas Bhagyam water-flood 2017 2018 &production Gas: production Gas production mmscfd Tendering 8on net EOR, economics FY2017 vedanta new Phas
Slide 24: Aluminium Smelters and Ramp-ups
Smelters Record Ramp-ups Jharsuguda Lanjigarh MJP FY Outlook –CoP Working Aluminium (in Q1’17 1,620 (359) (65) 247 (309) (560) (593) Ingot LME ([VALUE]) Value Alumina Power Other Metal Conversion and Roadmap PBT Int Dep EBITDA 2,320 J’guda BALCO Total Operating Capacity VEDANTA Jharsuguda-II: BALCO-
Slide 25: Power: BALCO, TSPL Results and Outlook
Results BALCO TSPL: Outlook Jharsuguda MALCO FY2017 Higher –Auctions Coal Power IPP: 600MW 1,980MW 274MW 100MW 1,215MW CPP:5.1GW 59% 41% 3*600MW 540MW 270MW 2*300MW 90MW 474MW 160MW Increased Domestic 120 Q1’16 80 90 100 110 VED: Note: 1. VEDANTA Unit-III 1,800 600 Secured Indexed 8% 3.6GW outlook I
Slide 26: Iron Ore and Copper India
Iron Sales Karnataka Engaging Maintained Pig Outlook Copper Stable Acid –FY2017 Goa 57 Fe Grade NSR GPF Mining Royalty Logistics Tuticorin VEDANTA Margins PLF Compensated 12 62% iron: Ore ore operations and iron prices c.57% of 6& remained production India & 2CFR EBITDA 0.8mt expected Karnataka and
Slide 27: Strategic Priorities
Strategic Production Delever Simplification Protect –Identify VEDANTA Achieve Reduce Continued Complete Obtain Disciplined Continue and the next local Priorities gross zero Growth to preserve Vedanta Balance LIMITED optimisation discipline generation approach enhance consent of harm debt the Remain
Slide 28: Appendix
| Appendix vedanta
Slide 29: Key Events: Cairn Merger Timetable
KeyCY vedanta Expected BSE, Application Vedanta Cairn Reserve Completed Q4 High MoPNG Transaction Q1 VEDANTA 29 Event Court NSE India 2016 2017 Ltd. plc Limited Bank approval date and Limited approval completion posting EGM LIMITED to–of High Cairn SEBI shareholder India of shareholder Court India a
Slide 30: EBITDA Bridge Q2 FY2016 to Q2 FY2017
EBITDA vedanta (In Discount Aluminium Brent Metal Zinc Oil Lisheen Iron Power Others Market 4,640 140 10 132 241 4,879 100 48 51 153 446 4,281 Operational LME, Input Profit Regulatory Currency Adjusted Volume Cost Q2 Others1 Notes: VEDANTA 30 Rs. FY2017 FY &ore and India & base Commodity (161) Petro
Slide 31: Debt and Cash by Entity
Entity (in vedanta 30 Company Zinc Cairn BALCO Talwandi Twin Vedanta Notes: Gross 1. 2. VEDANTA 31 As Others June September Rs. India International Star on India Debt Wise Debt Crore) 2016 Limited 30 5,521 includes Sabo Debt Mauritius 1928 0excludes September Cash LIMITED numbers 24339 2016 2015 22
Slide 32: Diversified Funding Sources
Diversified Money Bonds-INR Term INR Note: (as Debt (in External Working 8.8 Short 0.5 Inter 0.3 Total 0.4 Cash 10.0 Net 8.2 1. 1.8 VEDANTA 32 Excluding $bn) of Debt debt: company Breakdown breakdown and consolidated Loans-USD Loans-INR Term term USD–INR: 30market term capital1 Sep Liquid 78%, borro
Slide 33: Segment Summary: Oil and Gas
Segment Q2 vedanta OIL Rajasthan Ravva Cambay Total Oil Financials(In Revenue EBITDA Average Brent Note: VEDANTA 33 Q1 &AND Oil Price 1 Gas- Gas-Working 18,823 4,235 H1 Including Daily Oil 9,877 3,951 2,039 Summary and 1,039 167,699 117,390 GAS Gross ($/bbl) LIMITED Price 5,864 Gas Rs. 26,064 Total
Slide 34: Segment Summary: Zinc India
Segment Q2 vedanta Production Mined Refined Financials Revenue EBITDA Zinc Lead Silver 1. 2. 3. ($1013) VEDANTA The Excludes Q1 CoP LME LME LBMA COP metal H1 Zinc Lead Saleable in3,400 Summary 1,979 without with (In Price H1 Price (in’000 Captive numbers LIMITED content --Price Rs. FY Royalty Total
Slide 35: Segment Summary: Zinc International
Segment Q2 vedanta Production Refined Mined Total Financials Revenue EBITDA CoP Zinc Lead VEDANTA Q1-LME LME 39 ($/MT) metal H1 Zinc 63 685 Summary 339 (In Price Price (in’000 -38% LIMITED content- -680 149 1,446 Rs. Skorpion ($/MT) ($/MT) 43 1% Crore, 127% tonnes, -1,477 82 Zinc 453 BMM Lisheen - 1
Slide 36: Segment Summary: Aluminium
Segment Q2 vedanta Production Aluminium- 245 325 Jharsuguda Financials Revenue EBITDA Alumina Aluminium 1. 2. 3. VEDANTA Including Jharsuguda Q1 Kt H1 Korba- Korba-II2 3,027 -Summary COP - Lanjigarh (in VAL BALCO (in’000 -I -II1 1800 COP LME LIMITED trial Total 132 Rs. 1,800 -Lanjigarh($/MT) -Lanjig
Slide 37: Segment Summary: Power
Segment Q2 vedanta Particulars Total Jharsuguda Balco HZL Malco TSPL Financials Revenue EBITDA Average Net SEL *Average 1. 2. VEDANTA Jharsuguda BALCO Q1 Average Cost Net Wind Power 1,679 270MW2 600 25 H1Cost Realization 1,385 Summary 380 127 excludes of MW (in (in Power 270 600 LIMITED 693 Sales Ge
Slide 38: Segment Summary: Copper
Segment Q2 vedanta Production Tuticorin Financials Revenue EBITDA Net Tc/Rc Copper VEDANTA Q1 CoP (US¢/lb) H1 - -4,686 LMESummary Mined Cathodes 370 power cathode (In (in’000 LIMITED Price 554 Rs. 5,326 20.5 metal sales crore, -33% (US¢/lb) 97 tonnes, ($/MT) - 25.2 Copper -12% (million 94 content -
Slide 39: Segment Summary: Iron Ore
Segment Q2 vedanta Particulars Sales Goa Karnataka Production Pig Financials Revenue EBITDA VEDANTA Q1 Iron 0.3 0.5 0.8 H1 — 192 490 Summary 105 0.6 0.5 0.9 (In (in of (‘000 LIMITED 2.1 2.4 150 25% 405 7Saleable Rs. 0.6 0.8 million —2.4 2.9 27% tonnes) 21% crore, -27% 22% 2.6 –373 —Iron 3.4 dry 181
Slide 40: Sales Summary: Zinc, Lead, Aluminium
vedanta Zinc-India Refined Silver Zinc-International Zinc Lead Aluminium Sales Total VEDANTA Refined Concentrate Aluminium Concentrate Value Lead Zinc Zinc-Lead Summary -volume (moz) Wire Rolled Busbar Ingots Zinc Lead (Refined+Conc) Sales (Refined+Conc) added Sales LIMITED rods 3.5 (kt) Q2 (kt) pro
Slide 41: Sales Summary: Iron Ore, Copper, Power
vedanta Iron-Ore Goa Karnataka Pig Copper-India Copper Sulphuric Phosphoric 1. 2. Sales Total Power Jharsuguda (INR/kWh) TSPL BALCO MALCO HZL Average VEDANTA Average TSPL Iron (mn Wind (mn sales Summary volume 1,679 5.21 3.72 Sales Realisations Costs Cathodes Rods (kt) –costs2 Realisations1 270 600
Slide 42: Group Structure
GroupInternational vedanta Konkola 79.4% Vedanta 62.9% Divisions Sesa Sterlite Power (Odisha Aluminium Subsidiaries 59.9% Cairn Zinc Listed Notes: VEDANTA Iron India entities (600 Structure 64.9% Shareholding Copper aluminium Resources Ltd Copper Ore ofZinc MW LIMITED of Vedanta 51% Unlisted Vedanta
Slide 43: Results Event: Earnings Call Details
Results vedanta Event Earnings 28 +91 Singapore Hong 800 UK Toll US For Replay Mumbai (28 Passcode: VEDANTA October –Oct online –964 101 22 free 8:30 1:30 Kong Telephone 6746 of Conference conference 2016 2045 448 standby number conference Conference 63835# AM –registration PM 2016 –LIMITED 8:30 833