Hindustan Zinc Limited · NSE:HINDZINC
Hindustan Zinc — Investor Presentation (February 2026)
32 slides from Hindustan Zinc's investor presentation, February 2026
Slide 1: Hindustan Zinc Limited Investor Presentation February 2026
HINDUSTAN ZINC LIMITED World’s Largest Integrated Zinc Producer Amongst Top 5 Silver Producers Globally INVESTOR PRESENTATION FEBRUARY 2026 Sensitivity: Internal (C3)
Slide 2: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer The views expressed here may contain information derived from publicly acquired businesses; and from numerous other matters of national, available sources that have not been independently verified. regional and global scale, including those of environmental, clima
Slide 3: Presentation Outline
Presentation Outline 04 13 14 16 18 23 28 29 30 31 32 Hindustan Financial Growth Executive Group Zinc’s Performance Then & Project Leadership Structure of Distinct Now Showcasing Hindustan Update Team Hindustan Our Competitive ESG Key Industry Zinc’s Vision, Zinc Reporting Advantage Overview Takeway
Slide 4: Hindustan Zinc's Distinctive Competitive Advantage
Hindustan Zinc’s Distinctive Competitive Advantage Smelting Capacity Zinc Smelting 913,000 TPA Total R&R Ore production 453.2 Mt 16.33 Mt Lead Smelting 210,000 TPA Silver Refining 800 TPA Metal capacity Total captive capacity 1.12 Mt 625.16 MW Note: all data are as on 31st Mar’2025 4 Sensitivity: In
Slide 5: Irreplaceable Tier-1 Asset Base with Leading presence in India
Irreplaceable Tier-1 Asset Base with Leading presence in India World’s largest underground mine Rampura Agucha Mine Chanderiya Smelting Complex Reserves : 46.8 Mt Pyrometallurgical Lead Zinc Smelter: 105,000 tpa Zinc Resources : 20.8 Mt and 90,000 tpa Lead Reserve Grade : Zn 10.7%, Pb 1.1% Hydrometa
Slide 6: About Six Decades of Expertise in Mining and Smelting
About Six Decades of Expertise in Mining and Smelting Integrated Operations 2016 2018 2024 2025 • HZL shared a Special • RAM - complete • Ranked #1 in S&P Global Corporate • Record metal production 2026 dividend of 1200% transition from OC to UG Sustainability Assessment (CSA) 2023 • World’s largest
Slide 7: Invested in Metals of Future | Enabling the Energy Transition
Invested in Metals Of Future | Enabling the Energy Transition needs Rising deployment of clean energy technologies is set to supercharge demand for critical minerals Zinc building a greener future Silver’s crucial role in achieving the net zero world Silver plays a dual role as an industrial metal a
Slide 8: Hindustan Zinc's Leadership Position in India
Hindustan Zinc’s Leadership Position in India Well Positioned to Capitalize on the Country’s Strong Growth Trajectory India’s only c.77% domestic Consistently India’s only India’s only integrated primary zinc integrated primary Zinc rated AAA by market share with producer of Zinc Alloy and listed Si
Slide 9: Well placed to harness India's Growth Momentum
Well placed to harness India’s Growth Momentum Market leader in India’s primary zinc market Indian Steel Production and Zinc Demand 167-171 144 152 120 127 104 854 875-925 Zinc Demand Outlook 774 814 649 655 • Strengthening domestic zinc demand on FY21 FY22 FY23 FY24 FY25 FY26e back of consistently
Slide 10: Hindustan Zinc's Unique Positioning Globally
Hindustan Zinc’s Unique Positioning Globally World’s Largest Integrated Zinc Producer World’s 2nd Largest Zinc Reserves & Resources with 25+ years of mine life Hindustan Zinc Ranked 1st in Metals & Mining sector in S&P Peer 2 Global CSA 2025 for the 3rd consecutive year Peer 3 Asia’s first low carbo
Slide 11: 2nd Highest Zinc R&R Base Globally with 25+ Years of Mine Life
2nd Highest Zinc R&R Base Globally with 25+ Years of Mine Life Focused exploration to expand our reserves and resources base to support our future growth Increased the Total R&R by over 40% net of Increased to over 3x metal reserves as production in last 5 years compared to FY20 on net of production
Slide 12: Among World's Top 5 & India's Only Primary Silver Producer
Among World’s Top 5 & India’s Only Primary Silver Producer Hindustan Zinc is uniquely positioned to benefit from the silver price rally with silver surging to an all-time high of c.$110/toz during the year Growth Precious Metal Silver Wave Silver production grew over Contribution 20x in last 2 decad
Slide 13: Showcasing Industry Leading Operational Performance
Showcasing Industry Leading Operational Performance Hindustan Zinc delivered strong growth in comparison to major global zinc players 5-Year CAGR of Mined Metal (kt) 5-Year CAGR of Refined Metal (kt) 4% • Hindustan Zinc’s production 4% 3% has grown at an industry 1% leading CAGR of around 4% in mine
Slide 14: Resilient Business Model Delivers Robust Profitability
Resilient Business Model Delivers Robust Profitability Consistent Delivery Backed by Operational Excellence, Technological Advancements and Cost Optimization Revenue (₹ Cr) Zinc COP ex Royalty ($/T) Key Highlights 34,098 34,083 1,257 29,440 28,932 1,122 1,117 27,300 1,052 980 • Strong profitability
Slide 15: Strong Shareholder Value Creation since Disinvestment
Strong Shareholder Value Creation since Disinvestment Hindustan Zinc is among the top Indian metal companies with superior total shareholder returns Total Shareholder Returns per Share 3rd in Nifty Metal & 33rd in Nifty 100 Indices Based on market capitalization of ₹259k Cr^ Capital Dividend Total A
Slide 16: Hindustan Zinc's Vision, Mission & Growth Narrative
Hindustan Zinc’s Vision, Mission & Growth Narrative Vision to be the world’s largest and most admired Zinc, Lead & Silver Company 01 02 03 Capacity Expansion Expanding VAP Portfolio Cost Optimization ▪ 160 Ktpa Roaster at Debari commissioned ▪ Ramp up of 30 kt Alloy plant to full capacity ▪ Efficien
Slide 17: Hindustan Zinc's Vision, Mission & Growth Narrative
Hindustan Zinc’s Vision, Mission & Growth Narrative Mission to enhance stakeholder value, be the lowest cost producer & maintain market leadership 04 05 Strengthening Precious Metal Portfolio Sustainable Future ▪ USD 1 Bn investment towards climate change ▪ Installed Fumer plant at Chanderiya for ex
Slide 18: Moving Towards 2x Growth | Long Term Value Creation
Moving Towards 2x Growth | Long Term Value Creation Existing Board Capacity Post Proposed Plan Expansion Area UOM Capacity Approval (Phase I) Phase I Expansion for 2x Growth Mining & Milling Capacity Rampura Agucha & Kayad 6.5 1.3 7.8 8.0 Sindesar Khurd 6.5 6.5 8.0 Rajpura Dariba Mtpa 1.1 2.5 3.6 6.
Slide 19: 2x Growth | 250 Ktpa Integrated Metal Expansion
2x Growth | 250 Ktpa Integrated Metal Expansion Board has approved First Step Towards 2x Capacity Growth to Capture the Stronger Demand Outlook in India Refined Metal Capacity Expansion Mined Metal Capacity Expansion 250 1379 330 1510 1129 1180 Smelter Across at Debari the mines Existing (Kt)* Propo
Slide 20: 2x Growth | India's First Zinc Tailings Reprocessing Plant
2x Growth | India’s First Zinc Tailings Reprocessing Plant Transforming waste into valuable resources while contributing significantly to circular economy Tailing Reprocessing Plant Key Expat Hirings for Project Execution Existing Tailing Storage Final Output Jacobus van Staden Technical Director –
Slide 21: Growth Projects Update
Growth Projects Update 01 02 03 21 Ktpa Cell House Hot Acid Leaching 510 Ktpa Fertilizer Debottlenecking Plant Plant ▪ Debottlenecking at ▪ Implementing an ▪ Fertilizer Plant at Dariba Smelting innovative technology for Chanderiya aims to Complex and recovery of 27 MTPA support farmers’ needs Chande
Slide 22: Foray into Critical Minerals & India's Critical Mineral Mission
Foray into Critical Minerals & India's Critical Mineral Mission Won three critical minerals blocks • Central government plans to auction 24 critical minerals - Lithium, Cobalt, Tungsten, REEs, Potash, etc., aiming for Tungsten, Potash and Rare Earth Elements clean energy, electronics, EV, and defenc
Slide 23: Hindustan Zinc is now an ICMM member
Hindustan Zinc is now an ICMM member First Indian Company to join International Council on Mining and Metals (ICMM), a global industry body India’s 1 and Asia’s 2 st that brings together leading performance in the sector to have the ICMM membership nd and associations to improve sustainable developm
Slide 24: Hindustan Zinc ranks 1st out of 235 Companies in ESG
Hindustan Zinc ranks 1st out of 235 Companies in ESG Ranked 1st in S&P Global Corporate Sustainability Assessment (CSA) 2025 for the 3rd consecutive year on November 5, 2025, in the Metals & Mining sector, reflecting exceptional ESG performance, transparent governance, and responsible growth practic
Slide 25: Sustainability Goals 2030
Sustainability Goals 2030 Climate Change & Circular Economy & Water Biodiversity Decarbonization Material Stewardship Stewardship Conservation 2030 Targets 2030 Targets 2030 Targets 2030 Targets ▪ Reduction of emissions: ▪ Achieve near to Zero waste ▪ 50% reduction in freshwater ▪ Halt and reverse b
Slide 26: Sustainability Goals 2030
Sustainability Goals 2030 Ensuring Diversity & Responsible Social Zero Harm Inclusion Sourcing Performance 2030 Targets 2030 Targets 2030 Targets 2030 Targets ▪ Zero Fatality and 100% ▪ Increase gender diversity to ▪ 100% active supplier evaluation ▪ Management plans basis Social & elimination of hi
Slide 27: Empowering Communities, Changing Lives
Empowering Communities, Changing Lives Benefitting c.2.3 million lives across 2,362 villages through c.50 initiatives across 7 verticals in FY25 Education Health, Water & Sustainable Sports & Culture Sanitation Livelihood 7 Initiatives 14 Initiatives 3 Initiatives 11 Initiatives 3,80,000+ Beneficiar
Slide 28: Executive Leadership Team
Executive Leadership Team c.57% Homegrown leaders c.14% Laterally hired leadership Arun Misra Pradeep Singh < 50 Years c.29% Chief Executive Officer Chief HSE Officer Avg. age of top 60 leaders Expats in leadership Ex -Chairman of International Zinc Association 24+ years of experience in Occupationa
Slide 29: Key Takeaways
Key Takeaways 1.2 Mtpa metal Silver Exclusive focus c.77% market Near term outlook* 2nd highest 70%+ RE power at US$ 1,000/t expansion: on Recycling: share in India’s sourcing plan zinc R&R base ▪ Mined metal: 1,125 (±10) Ktpa cost; primary zinc Target of Potential of globally with Sustainability ma
Slide 30: Group Structure of Hindustan Zinc Limited
Group Structure of Hindustan Zinc Limited Vedanta Limited Government of India Public 60.71% 27.92% 11.37% Hindustan Zinc Limited Wholly owned Subsidiaries Vedanta Zinc Hindmetal Hindustan Zinc Hindustan Zinc Football and Zinc India Exploration Alloys Private Fertilizers Sports Foundation Services Li
Slide 31: Our Reporting Suite
Our Reporting Suite Integrated Digital Integrated Sustainability Annual Report Annual Report Report 2024-25 2024-25 2024-25 Climate Action Tax Transparency TNFD Report Report 2024-25 Report 2024-25 2024-25 31 Sensitivity: Internal (C3)
Slide 32: Then & Now
Then & Now Conventional drill rig Electric locomotive operation Drilling by hand- held hammer Mucking by auto loader Manual cell house Modern drill rig, drilling machine, LPDT, hi-tech cell house, robotic operations 32 Sensitivity: Internal (C3)
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