Slide 1: Vedanta Limited Q1 FY2018 Results
Exhibit 99.4 Vedanta Q1 25 Results Elements July FY2018 2017 conference Limited forResults a Sustainable call details Future are on the last page of this document
Slide 2: Cautionary Statement and Disclaimer
Cautionary The looking information. assumptions Vedanta and part decision. address integration our VEDANTA actual Vedanta views of it) matters statements Resources forward-looking nor future expressed of Statement LIMITED Limited Any which the acquired that results fact statement are plc may are, an
Slide 3: Contents
Section Contents Strategic Financial Tom Business Q VEDANTA &A Albanese, 26 Presenter Update Review Update LIMITED CEO Tom Arun 16 Page Sudhir Albanese, –Kumar, Q1Mathur, FY2018 CFO CEOActing 9RESULTS 4 CEO—Cairn PRESENTATION Oil & Gas3
Slide 4: Strategic Update
Vedanta Q1 25 Strategic Tom Chief Empowering July FY2018 Albanese Executive 2017 Limited Update Results Growth Officer
Slide 5: Building a Sustainable Future
Sustainable Building LTIFR Q1 0.41 FY2012 training -Š Vedanta’s VEDANTA Vedanta Water Zero High “Crane Contaminated Received 95 Safety Environment Social previous Nandghars: 0.43 fatalities Potential (per risk initiated FY2013 Licence and a0.40 Safety signature Zero ‘CSR million Development assessme
Slide 6: Group Highlights: Q1 FY2018
Group Operations: Q1 2% improved 10% 28% 22% Financial: ?Zinc 213 Others Notes: 2. VEDANTA Aluminium Attributable TSPL Higher Gamsberg Production EBITDA Excludes FY2018 441 Oil India – EBITDA Intl. 1. (1) plant reduction &zinc-lead Excludes costs Divisional 62,369 at margin1 Gas 321 change LIMITED R
Slide 7: Strategic Priorities
Delivering Strategic Production Deleveraging Simplification Group License Preserve Operate Identify ?Resources VEDANTA Commence Continue Efficiently Delever Realise Implement Continued Leverage Optimize to next Priorities benefits further on to growth expertise oil LIMITED production reduction refin
Slide 8: Capital Allocation and Shareholder Returns
Capital World Production Strong Announced out HZL VEDANTA CAPITAL ofdividend current class Shareholder Allocation: MARKETS growth dividend assets LIMITED AA policy—minimum rating and and Focus Returns policy operational –DAY, asset (CRISIL) Q1 onat Maintain FY2018 optimization Shareholder MARCH Cont
Slide 9: Financial Update
Vedanta Q1 25 Financial Arun Chief Value July FY2018 Kumar Financial Creation 2017 Limited Update Results Officer
Slide 10: Q1 FY2018 Financial Highlights
Q1 -EBITDA Gross Net Rs. Attributable 1,525 14,220 Notes: 2. 3. 4. VEDANTA Lower Excludes In Gross FY2018: crore debt view 763 754 debt 1. 8,099 q-o-q Debt higher or higher Excluding 2.0x of reduced custom as LIMITED PAT Robust clarification Net of on stated 2,970 2,816 primarily 40% Q1 account Debt
Slide 11: EBITDA Bridge
EBITDA Q1 Zinc Brent 1,384 5,000 22 Operational 3,539 4,000 2,000 0Q VEDANTA 14FY17 FY2018 4,289 &100 242 374 1,000 Lead Bridge LME/ Zinc 183 480 LIMITED 3,000 vs. 990 119 India Q1 Brent (Q1 Aluminum Rs. 132 FY2017 582 FY2018 544 /–4,965 Input Q1 Brent crore (In FY2018 485 Currency vs.Rs. Discount M
Slide 12: Income Statement
Income In Depreciation Finance E Taxes ?Power -2,270 2Zinc Note 2. VEDANTA Additionally, Higher Lower xceptional Depreciation Other 1,525 In Rs.India view 1.1,358 (681) crore capacities Exceptional income Statement 763 754 Cost cost q-o-q y-o-y q-o-q of asQ1 given LIMITED (403) 4,374 2,970 2,816 ite
Slide 13: Net Debt Bridge
(In Rs. 419 20,000 16,000 12,000 14,000 15,322 8,099 10,000 Net 6,000 VEDANTA Debt 19,024 8,000 crore) , Dividends FCF for4,131 LIMITED Post Q1 FY2018 Capex 1,098 Net–3,010 Rs. Debt Q1 (273) FY2018 Pref. 18,000 crore shares RESULTS 3,306on CFPRESENTATION from WC Movements 13 Capex Translation & Net
Slide 14: Strong Liquidity and Term Debt Profile
Strong Subsidiaries 1.0 1.3 0.4 Term ?Maturity Note VEDANTA Gross Strong 1.2 0.9 1. debt Credit 0.4 0.3 Excludes debt liquidity: Profile profile of 1.0 0.7 LIMITED Standalone reduction reduced $6.1bn Profile 0.3 shows ofchange 0.4 Cash Term ($3.9bn and by 0.9 and –term and Rs. Q1 Debt in Balance 0.4
Slide 15: Financial Priorities
Financial Disciplined Allocation;? focus Deleveraging; Strong Focus? Cost ?Long Shareholder VEDANTA Delivering Cost Dividend Savings Term on in Liquidity Strong FCF? 1st/2nd Priorities: policy Capital LIMITED Value Optimization on?Liquidity Further savings Continued ?quartile announced Debt ?Strong
Slide 16: Business Review
Vedanta Q1 25 Business Tom Operational July FY2018 Albanese, 2017 Limited Review Excellence Results Chief Executive Officer Sudhir Mathur, Acting CEO ?Cairn Oil & Gas
Slide 17: Refined Zinc Demand Outlook
Vedanta Refined Global Consumer LME 1.6 1.0 0.8 0.2 0.0 India’s 400 Zn 1.8 300 US 100 150 050 Ju Sources: VEDANTA 0—01—02 n1.0 Spot 3,500 3,000 2,000 1,500 500 0China 1.6 1.2 n21% SHFE Ju zinc Zinc Transport South Zinc TC well-positioned Bloomberg, n0.6 6% 1.4 Infrastructure Jul-10 Industrial Zinc J
Slide 18: Zinc India Q1 Highlights
Zinc Q1 Projects Sindesar production Main Present Outlook ?Planned Rampura VEDANTA Awarded MIC Capacity Zawar FY2018 CoP FY2018 India Shaft at expected atWorking –UG mill -80mRL, $973/t; Khurd 233kt; Agucha key integrated order expansion toLIMITED Results Ventilation expansion start highlights to mi
Slide 19: Zinc International Projects
Zinc Significant Q1 BMM Mining Projects ?FY2018 Ball VEDANTA CoP Major Higher Skorpion Outsourced Production FY2018 Mill International at helped progress contractors Outlook $1690/t, sales Foundation pit progress LIMITED Results at of mining; deliver volume 112 32kt: c.160kt; higher extension mobili
Slide 20: Rajasthan Oil and Gas Q1 Highlights
Q1 Rajasthan: Brazil Canada Angola Venezuela FY Mexico Algeria ?Cairn Iraq gas Source: VEDANTA Gross Commenced Operating RJ Rajasthan Net FY 2018 projects 5blended Mangala waterflood capex Oil 632 2018 17 722 average For 11 Outlook &14 Nigeria Mangala by production cost peer LIMITED estimated Saudi
Slide 21: Cairn Key Projects
Cairn RDG Key July EUR1 ?begin 32 Note VEDANTA Aishwariya Phase-1: Phase-2: Mangala Bhagyam Studies 195 Projects Oil 2017, 1. Gas Oil Liquid Capex Estimated projects contract &project 40-45 Gas first Infill:15 EOR: LIMITED Gas Handling EOR: production Oil mmscfd Polymer awarded Ultimate expected wel
Slide 22: Aluminium Operations Q1
Q1 Aluminium 1,909 Operations (609) (72) FY2018 (240) Dep Costs lumina 45 FY 53 ?Uncontrollable Q4 VEDANTA Aluminum Alumina Aluminium 500kt Ramp-up 1st 2nd 3rd 4th 325kt Bauxite 1,727 40 FY2018 FY2017 2018 271 Int line: line: line: Costs Metal Jharsuguda-I BALCO-II: (339) (172) Outlook 97 production
Slide 23: Power Q1 Highlights
Q1 Power CPP:5.1GW from Domestic Coal 160 140 reduced 130 100 80 6mtpa ?Q1’16 1. VEDANTA All TSPL Targeting Temporary Plant MALCO Higher Coal Domestic Note: 10% FY 100% 80% 60% 30% outlook 326th linkage Q2’16 units 2018 was reliance Indexed production coal May 8% 100MW: availability linkages out LIM
Slide 24: Copper India and Iron Ore Q1
Q1 auctions? Iron ?Copper agreements? Tuticorin VEDANTA Sales Lower Engaged Production FY Ore2018 of India sales and Mine Copper Beneficiation 2.32mt with LIMITED Results Net at Copper atin90kt; respective Goa cost Goa Smelter andIron India advanced due of production –of conversion Q1 Ore toore stat
Slide 25: Commodity Diversification and Balance Sheet Strength
Vedanta ICommodity Size Zinc Copper % Oil Sector .Peer 3% Cu CRISIL (3%) 2018E (6%) (9%) 0.0 (12%) Peers Source: Notes: 2. 3. VEDANTA 60% IIEBITDA Gearing Revenue CAGR III 0.5 and of Companies Intl. 20% 10% O&G Net include equiv IV leading Gearin 1. 1.0 circle Aluminium Gas Consensus, rating Limited
Slide 26: Q&A
Vedanta Q1 25 Q &July FY2018 A 2017 Limited Results
Slide 27: Segment Guidance
Segment Guidance Zinc-Lead CoP Zinc Aluminium: Engaged Copper—India VEDANTA ($/t): International with FY18e slightly Integrated: LIMITED 1.5-1.6mt respective Production: Comments higher Gamsberg 950kt (excl. – Q1 State than 400kt Zinc FY2018 trial-run) expected FY2017 IronIndia Ore RESULTS Aluminium
Slide 28: Debt by Entity
Entity (in 30 Debt 42,711 2Cairn Zinc Limited Talwandi Vedanta 67,342 Notes: 1. 2. 3. VEDANTA 4,155 Merged Cairn Others June Rs. India Cash India1 Wise Debt crore) 16,698 48,318 6,759 2017 Limited India includes Sabo with 6,959 &Cash LIMITED numbers NA LI 31 (2,604) Holdings 26,013 19,024 8,029 Veda
Slide 29: Diversified Debt Funding Sources
Diversified (as Debt 2% (in Term 47% Total •Cash -Subsidiaries, Note: VEDANTA Term USD $bn) ofbreakdown Breakdown and consolidated Loans-INR debt Loans-USD USD–INR: 30th Debt debt 15% Liquid 6.1 June Funding of LIMITED 10% total 2017 Bonds-INR $ 2017) 3.9bn Investments as & Rs. Short consolidated de
Slide 30: Segment Summary - Oil & Gas
Segment Q1 196,861 Rajasthan Total Oil Financials Revenue Average *Brent VEDANTA Including Q4 &Oil Price Gas- Full -5% Daily Oil 2,275 Summary and 159,351 111,546 (In Gross Year ($/bbl) internal LIMITED Price 184,585 Gas Rs. Working 1,885 OIL 17.04 (million crore, Realization 116,860 166,943 49.6 –g
Slide 31: Segment Summary - Oil & Gas (contd.)
Segment Summary – Oil & Gas (contd.) Q1 Q4Total Rajasthan Working Ravva Cambay Gross Average Cairn VEDANTA operated (Block Full Price (Block Interest (Block (US$/boe) Year LIMITED PKGM-1) Realization 187,203 159,351 18,361 9,491 CB/OS-2) OIL 111,546 RJ-ON-90/1) AND 10,281 44.7 19,637 –166,943 196,86
Slide 32: Segment Summary - Zinc India
Segment Q1 Production FY Mined Refined Financials Revenue Zinc Silver 1. 2. 3. ($1142) VEDANTA The Excludes Q4 2018 CoP LME LBMA COP metal Full in Zinc Lead—Total Lead Saleable FY 4,477 Summary without (In Q1 Price (in Year captive numbers LIMITED 2017 content ––Price Rs. FY ’000 Total Integrated 2,
Slide 33: Segment Summary - Zinc International
Segment Q1 FY Refined Total Financials Revenue VEDANTA Q4 2018 32Full Zinc 43 FY 801 Summary (In Year (25)% LIMITED 2017 –453 Rs. Skorpion Production 77% Crore, %41 – change Zinc 156 –504 Q1 except 14International 2,230 24 (in’000 FY2018 YoY(42)% asEBITDA FY2017 stated) tonnes, RESULTS 21 85FY 321 o
Slide 34: Segment Summary - Copper India
Segment Summary – Copper India Q1 Q4 Copper—Mined Financials Revenue Net Tc/Rc VEDANTA CoP (US¢/lb) Full –5,048 (In cathode Year LIMITED Rs. 4,654 20.8 metal Production crore, (US¢/lb) 22.9 8% content – except Q1 6,498 (9)% 8.4 (in FY2018 ?23.8 as 21,018 ’000 5.9 ? stated) ? 42% ?Copper—Cathodes 22.
Slide 35: Segment Summary - Iron Ore
Segment Summary – Iron Ore Particulars Sales Goa Karnataka Production Pig Financials Revenue EBITDA VEDANTA Iron 2.2 2.32.4 163 687 40 2.6 1.1 (In (in of (’000 ?10% LIMITED 363 181 ?12% 970 Saleable Rs. 0.8 million ?89% ?10% tonnes) ?29% crore, 36% 3.7 3.08.8 dry –Ore 387 10.2 ?182 1,264 except Q1 2
Slide 36: Segment Summary - Aluminium
Segment Particulars FY Jharsuguda-I 245kt Jharsuguda Financials Revenue EBITDA Alumina Aluminium Aluminum 114,700 1. 2. VEDANTA Including 2018 Korba-I 100,700 FY 4,236 Summary CoP Aluminum –(In (in’000 CoP Vedanta 1800 CoP LIMITED trial 2017 92 –Rs. 63 2,758 Lanjigarh –129 –run 13% MW 63 Jharsuguda
Slide 37: Segment Summary - Power
Segment Q1 Total Jharsuguda BALCO HZL Financials Revenue Average TSPL VEDANTA Q4 Wind Power Average 563 PAF Full Cost 600 733 Summary 1,272 (in (%) Power 600 Year LIMITED Sales MW 1,182 of Rs. Realization 20% MW Generation(Rs. ?56% Particulars crore 156 551 1,838 –?38% 72% 564 Power 148 607 –1,596 e
Slide 38: Sales Summary
Sales290 Zinc-India Refined 143 Silver Zinc-International Zinc Aluminium Sales—Wire VEDANTA Refined Summary volume (moz) Zinc 861 Sales Sales LIMITED 3.6 rods (kt) Q12.8FY2018 190 12 (kt) Sales 4.4 18120 86 –22 14.4 Q1 86 Q1FY2017 217 8690 FY2018 Zinc 696 323Refined Concentrate Sales—Rolled RESULTS
Slide 39: Sales Summary
Sales Q1 Goa Total Copper Power Jharsuguda BALCO Balco 1. 2. VEDANTA Average Based FY (mn (mn Summary volume 600 Costs Q1FY Rods 600 270 on DMT) DMT) MW excludes 600 Availability LIMITED (INR/kWh) MW (kt) Q4FY 2.67 2.13 MW 1.9 2.3 51 551 — 2.1 TSPL FY 2.86 2.29 55 2.6 564 1.97 — 607 –2.3 51 Q1 3.0 Q
Slide 40: Group Structure
Group Vedanta Divisions ?79.4% Konkola Copper Mines (Odisha 64.9% Skorpion Bharat Zinc Listed Note: *50% VEDANTA SesaInternational Sterlite Shareholding of entities (KCM)? Iron Structure 50.1% 51% Western Vedanta aluminium Resources the ?Copper & ofOre 100% LIMITED share Vedanta Unlisted Aluminium T
Slide 41: Results Event: Conference Call Details
Results Event 1Mumbai Singapore Hong Time) 0UK US Replay (25 VEDANTA 800 808 –8:30AM July –1:30PM Kong 120 200 101 Telephone 800 of Conference conference 2017 main Conference 1221 1573 –964 101 –LIMITED 8:30 (UK (Eastern 8:30 to access 2045 448 Toll 31 Number PM Time) PM call July Call free Earnings