Vedanta Limited · NSE:VEDL
Vedanta — Q2 FY2020 Earnings Presentation
73 slides from Vedanta's earnings presentation, Nov 14, 2019
Slide 1: Outcome of Board Meeting letter
~ ~ vedanta transforming elements VEDL/Sec./SE/19-20/94 November 14, 2019 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
Slide 2: Outcome of Board Meeting letter (continued)
~ ~ vedanta transforming elements Further, in terms of Section 2(77) of the Companies Act, 2013 read with Rule 4 of The Companies (Specification of definition details) Rules, 2014, Mr. Kumar is not related inter-se with any of the Directors of the Company. Also, in compliance with the SEBI regulatio
Slide 3: Independent Auditor's Review Report (Consolidated)
S.R. BATLIBOI & Co. LLP ~) l • ' tt ' I 1 ~l!( • Chartered Accountants :-' () f l J' l I , I '! ~ J l 6' , 'J'. 1 ..,u I Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Ob
Slide 4: Auditor's Review Report (continued)
84 TLIBOI & C ) LP i f. CC"~~ rn S, 6. The accn111panyin g Stat\?111ent includes unau d ited i11teri111 l'inancial result s and other unaudited financial informat ion or 8 subs idiaril..!s. \\ hose in terim financi al result s and fin ancial in fo rmation refl ect Iota I assets uf Rs . 1-J..990 Cron
Slide 5: Auditor's Review Report (continued)
S. TL/BO/ · p ( )ur cnncl usinn nn the StMe1m:11t in respec t of matters stated in para (i and 8 aho,·e is not 111odilied \\ ith respect to our reliance 011 the \\ ork don e and the reports of the other auditors and the financial res ults as certi tied by the 1\lanagement. For S.R. BATLIBOI & CO. LL
Slide 6: Annexure: List of subsidiaries, associates
A ,q I&{_(). LLP C t, Anncxure 1 List of suhsidiarics/associatcs/ join ti~· controlled entities Suhsidiarics S. No. Name I Bharat /\luminium Cumpa11 \" Limited (BALCO) -', Copper Mi nes of Tasmania Pt\' Limited (CMT) .) Fujairah Go ld rzE -+ Hindustan Zinc Limited (HZL) 5 Monte Cel lo BY (MCl:3V) 6
Slide 7: Annexure (continued)
5.R 1<)1 & Co. LLP 1 ~- No. ---- Name -f 7 A ,·an strate (Japan) Inc . (A.SI) -is A\'anstrate (Korea) Inc 49 A\'anstrate (Tai\\an) Inc 50 Vedanta Star Lim ited 51 Electrosteel Steels Limited )_ -, Lisheen Mine Partnership Associates S. No. Name I RoshSkor TO\\"lls hip (Proprietarv) Limi ted ~ --2 Ga
Slide 8: Statement of Unaudited Consolidated Results
~ vedanta ~ transforming elements Ved anta Lim it e d CIN no. L1 3 209MH1965PLC291394 Re gd. Office: Ve danta Limited 1st Floo r, ' C' wing, Unit 103, Corpo ra t e Avenue, Atul Proj ects, Chakala, Andheri (E ast), Mumbai-400093, Maharashtra - STATEMENT Of UNAUDITED CONSOLIDATEO RESULTS FOR THE QUART
Slide 9: Consolidated Segment Information
f'f in Crore Quarter ended Hal f Year ended Year ended 30.09. 2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03. 2019 S. No . Segment Information (Unaudited) ( Un audited) (Unaudited) (Unaudited) (Un audited) (Audited) 1 Segment Rev enue a) Zinc, Lead and Si lver (i) Zinc & Lead - India 3 ,820
Slide 10: Consolidated Balance Sheet
"' Consolidated Balance Sheet (~ in Crore) As at 30.09.2019 As at 31.03.2019 Particulars (Unaudited) (Audited) A ASSETS 1 Non-current assets (a) Property, Plant and Equipment 94,332 95,515 (b) Capital work-in-progress 24,167 22,236 (c) Intangible assets 897 882 (d) Exploration intangible assets unde
Slide 11: Consolidated Statement of Cash Flow
Consolidated Statement of Cash flow (~ in Crore) Half Year ended 30.09.2019 30.09.2018 (Unaudited) (Unaudited) Cash flows from operating activities Profit before tax 3,204 5,978 Adjustments for: Depreciation, depletion and amortization 4,576 3,741 Impairment charge/ (reversal) 504 (261) Other Except
Slide 12: Notes to consolidated results
Notes:- 1 The above consolidated results of Vedanta Limited ("the Company") and its subsidiaries, jointly controlled entities, and associates for the quarter and half year ended September 30, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors in their respective me
Slide 13: Auditor's Review Report (Standalone)
S.R. BATUBOI & Co. LLP Chartered Accountants Independent Auditor's Revie\\· Report on the Quarterly and Yea,· to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and D isclosure Requirements) Regulations . 2015. as amend
Slide 14: Statement of Unaudited Standalone Results
~ ~ vedanta transfor-ming etement$ Vedanta Limited CIN no. L13209MH1965PLC291394 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 AND HALF YEAR E
Slide 15: Standalone Segment Information
( f in Crore) Quarter ended Half year ended Year ended 30.09.2019 30.06.2019 30.09.2018 30.09.2019 30.09.2018 31.03.2019 S. No. Segment Information (Unaud ited) (Unaud ited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a) Oi l & Gas 1,699 1,673 1,856 3,372 3, 577 7,104 b) Alumi ni
Slide 16: Standalone Balance Sheet
Balance Sheet {~ in Crore) As at As at Particulars 30.09.2019 31.03.2019 {Unaudited) (Audited) A ASSETS 1 Non-current assets (a) Property, Plant and Equipment 40,943 40,972 (b) Capita l work- in -progress 14,674 14,148 (c) Intangible assets 28 34 (d) Exp loration intangib le assets under development
Slide 17: Standalone Statement of Cash Flows
Statement of Cash Flows (~ in Crore) Half Year ended 30.09.2019 30.09.2018 (Unaudited) (Unaudited) Cash flows from operating activities Profit before tax 911 335 Adjustments for: Depreciation, depletion and amortization 1,667 1,598 Net exceptiona l gain - (372) Provision/ (Reversal of provision) for
Slide 18: Notes to standalone results
Notes:- 1 The above results of Vedanta Limited ("the Company"), for the quarter and half year ended September 30, 2019 have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on November 14, 2019 . The statutory auditors have carried out lim
Slide 19: Additional disclosures per Regulation 52(4)
6 Additional disclosures as per Regulation 52( 4) of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015: a) Previous due date of Interest/ Principal repayment, payment made on respective due date: Previous Due Date (April 1, 2019 to September 3
Slide 20: Press Release: Consolidated Results for Q2 FY2020
Vedanta Limited Regd. Office: Vedanta Limited 1st Floor, ‘C’ Wing, ~ vedanta Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), ~-- transforming elements Mumbai 400093, Maharashtra. www.vedantalimited.com CIN: L13209MH1965PLC291394 14 November, 2019 Vedanta Limited Consolidated Resu
Slide 21: Operational Highlights
~- vedanta transforming elements Unaudited Results for the Second Quarter ended 30 September 2019 Operational Highlights The overall volume and cost across businesses is better/ same compared to same quarter last year, supported by favourable tailwinds on input commodity costs . Business wise highli
Slide 22: Consolidated Financial Performance
~- vedanta transforming elements Unaudited Results for the Second Quarter ended 30 September 2019 Consolidated Financial Performance The consolidated financial performance of the company during the period is as under: (In Rs. crore, except as stated) Q2 % Q1 % H1 FY2019 Particulars FY2020 FY2019 Cha
Slide 23: Revenues and EBITDA
~- vedanta transforming elements Unaudited Results for the Second Quarter ended 30 September 2019 Revenues Revenue in Q2 FY2020 was at ₹ 21,739 crore, lower 3% y-o-y, primarily due to lower commodity prices partially offset by additional volumes from commencement of Gamsberg operations and higher sa
Slide 24: Exceptional Items, Taxes and EPS
~- vedanta transforming elements Unaudited Results for the Second Quarter ended 30 September 2019 Exceptional Items Exceptional item primarily is a charge of ₹ 504 crores, relating to impairment at Avanstrate Inc, partially offset by accrual of Interest against pending claims at TSPL based on Suprem
Slide 25: Key Recognitions
~- vedanta transforming elements Unaudited Results for the Second Quarter ended 30 September 2019 Key Recognitions Vedanta has been consistently recognized through the receipt of various awards and accolades. We received the following key recognitions recently: • Vedanta bestowed with the coveted Go
Slide 26: Results Conference Call
~- vedanta transforming elements Unaudited Results for the Second Quarter ended 30 September 2019 Results Conference Call Please note that the results presentation is available in the Investor Relations section of the company website www.vedantalimited.com - http://www.vedantalimited.com/investor- r
Slide 27: Contact and About Vedanta Limited
~- vedanta transforming elements Unaudited Results for the Second Quarter ended 30 September 2019 For further information, please contact: Communications Arun Arora Tel: +91 11 4916 6250 Head, Corporate Communications gc@vedanta.co.in Investor Relations James Cartwright Tel: +91 124 476 4096 Head –
Slide 28: Disclaimer
~- vedanta transforming elements Unaudited Results for the Second Quarter ended 30 September 2019 Disclaimer This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected futu
Slide 29: Vedanta Investor Presentation, November 2019
@ vedanta = transforming elements “ALUMINIUM & POWER | COPPER | IRON ORE& STEEL . .
Slide 30: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer The views expressed here may contain information derived from statement involves risk and uncertainties, and that, although we publicly available sources that have not been independently verified. believe that the assumption on which our forward-looking statements
Slide 31: Contents
Contents vedanta transforming elements Section Presenter Page Q2 FY20 Review Venkat, CEO 4 Financial Update Arun Kumar, CFO 19 Appendix 26 VEDANTA LIMITED – Q2 FY2020 INVESTOR PRESENTATION 3
Slide 32: Q2 FY2020 Review
Q2 FY2020 Review Venkat Chief Executive Officer
Slide 33: Key Highlights: Q2 FY2020
Key Highlights: Q2 FY2020 vedanta transforming elements ▪ Zinc India ore production up by 3% y-o-y at 3.6 million ton with strong growth at Rampura Agucha and Zawar Mines ▪ Zinc International overall production at 63kt (24kt Gamsberg), up significantly y-o-y ▪ O&G 166 wells drilled, 63 wells hooked
Slide 34: Heading Towards Zero Harm, Zero Waste, Zero Discharge
Heading Towards – Zero Harm, Zero Waste, Zero Discharge Dow Jones Sustainability Index Ranking Improves to 20th (24th in 2018) Ranked 7th in Asia Pacific Region (metals and mining sector) Safety Program Update Environment Update 1 rail-related fatality in Q2 ▪ Rail safety committee to prevent repeat
Slide 35: Contributing to the communities
Contributing to the communities vedanta transforming elements Benefitting the lives of 3.0 million people across 1,042 villages Flagship Programs 1000th Nand Ghar established in 4 states Healthcare Drinking Water and 1.6 Million people benefited Sanitation > 35 Initiatives 350,000 people benefited >
Slide 36: Zinc India: Zinc supply shortfall and low stocks expected to support price
Zinc India: Zinc supply shortfall and low stocks expected to support price Slower than expected production growth continues Refined market remains in deficit despite weak demand as • Reduction in production forecast in China production growth remains modest • Slow start at new projects • Plant closu
Slide 37: Zinc India: Achieving 1.2 Mtpa MIC Capacity in FY20
Zinc India: Achieving 1.2 Mtpa MIC Capacity in FY20 vedanta transforming elements Production ramp up to 1.0 million tons mined metal H2 – Completing 1.2 Mtpa project activities YOY +7% • Traditional post-summer ramp-up in production 1200 • Completion of key projects in H2 1000 Mined Metal in kt 800
Slide 38: Zinc India: Strong Foundation Driving Growth
Zinc India: Strong Foundation Driving Growth Performance Update Dow Jones Sustainability Index Ranking Quarter Performance: ▪ Metal Production 210kt, flat y-o-y ▪ MIC Production 219kt, down 6% y-o-y In metals and mining sector for 5th Globally the 2nd consecutive year ▪ Silver Production 134 tons, d
Slide 39: Zinc International: Gamsberg Positioning for Long Term Value Creation
Zinc International: Gamsberg Positioning for Long Term Value Creation Performance Update Gamsberg Quarter Performance: ▪ Production at 24kt, up 7% q-o-q ▪ Overall production at 63kt, up 126% y-o-y ▪ COP at $1,477, up 6% q-o-q due to increase in mining cost ▪ COP of $1,584/t, down 35% y-oy ▪ Ore prod
Slide 40: Oil & Gas: Portfolio being monetized to drive multi-fold growth
Oil & Gas: Portfolio being monetized to drive multi-fold growth Capex Investment Production Ramp Up (kboepd) ▪ Gross Capex of $ 3.2 billion in PSC blocks 225 ▪ Monetization of 400 mmboe of resources ▪ Development cost of $ 7/boe 180 ▪ Capex of $ 0.8 million in OALP blocks across 51 blocks ▪ Integrat
Slide 41: Oil & Gas: All Around Efforts Driving Volume Growth
Oil & Gas: All Around Efforts Driving Volume Growth Capacity Addition Wells + Surface Facilities 180 / ~---------, ~--------------~ ' 9 3 \ / 8 15 10 225 I -- -- I I' \I I I I I I I I I I I I I I I I I H1 FY 20 I Gas Early Liquid I I MBA Tight Oil Offshore I H2 FY 20 Exit I Production Handing \ , __
Slide 42: Oil & Gas: Building for Future Growth
Oil & Gas: Building for Future Growth - vedanta transforming elements OALP Blocks PSC Blocks □ □ Well Diversified ~60,000 51 Acreage Work 40 Onshore sq km Investment Resources Drilling Program 11 Offshore ($mn) (mmboe) Status (Wells) □ □ Peak Production Resources (bnboe) 500 (kboepd) 5.5 Rajasthan D
Slide 43: Aluminium: Achieving Design Structure
Aluminium: Achieving Design Structure Structural Reduction in Cost Performance Update 2,049 1,990 Quarter Performance: 1,852 1,810 1,764 ▪ Aluminium COP at $1,852/t, down 10% y-o-y ▪ Lanjigarh production 410 kt, up 18% y-o-y ▪ Lanjigarh COP at $293/t, down 18% y-o-y ▪ EGA Bauxite supplies started fr
Slide 44: Aluminium: Significant progress on Strategic levers Continues
Aluminium: Significant progress on Strategic levers Continues vedanta transforming elements 1,990 1,810 1,500 Coal Alumina Bauxite Initiatives Ramp Up Sourcing Others H1 FY19 H1 FY20 Target Initiatives Action Plan ▪ Increase Linkages through participation in Tranche V & VI, Coal Block Auctions Coal
Slide 45: Other Assets: Iron ore and Electrosteel Steels
Other Assets: Iron ore and Electrosteel Steels Iron Ore Electrosteel Steels Performance Update Performance Update Quarter Performance: Quarter Performance: ▪ Karnataka sales 1.4 Mnt, highest ever ▪ Production 270kt, down 5% y-o-y ▪ Pig Iron production 176kt, up 2% y-o-y ▪ Sales 283kt, up 6% y-o-y ▪
Slide 46: Strategy to Enhance Long Term Value
Strategy to Enhance Long Term Value ing elements Continue Focus on World Class ESG Performance Augment Our Reserves & Resources Base Delivering on Growth Opportunities Optimise Capital Allocation & Maintain Strong Balance Sheet Operational Excellence VEDANTA LIMITED – Q2 FY2020 INVESTOR PRESENTATION
Slide 47: Financial Update
vedanta transforming elements Financial Update Arun Kumar Chief Financial Officer +
Slide 48: Financial snapshot Q2
Financial snapshot Q2 EBITDA Attributable PAT EBITDA Margin* ₹ 4,497 cr ₹ 2,158 cr 25% Down 13% q-o-q Up 60% q-o-q Industry leading margin Gross Debt Net Debt ND/EBITDA ₹ 55,898 cr ₹ 20,081 cr 0.9x Down 6% q-o-q Down 29% q-o-q Lowest among Indian peers * Excludes custom smelting at Copper India and
Slide 49: EBITDA Bridge (Q2 FY2019 vs. Q2 FY2020)
EBITDA Bridge (Q2 FY2019 vs. Q2 FY2020) vedanta transforming elements (In ₹ crore) Aluminum (970) Oil & Gas (320) Zinc, Lead & Silver (186) IOB 164 Steel (160) ZI 133 HZL (55) 5,281 1,712 RPO PP (210) 144 ! 59 220 111 74 4,497 72 4,240 684 "'-----y ----~ '----- V ___ _,) Market & Regulatory Operatio
Slide 50: Net Debt for Q2 FY 2020
Net Debt for Q2 FY 2020 vedanta transforming elements (In ₹ crore) Power Debtor Realization 1,400 Metal Debtor Realization 520 Inventory Liquidation 1,055 Creditors/Customer Advance 3,540 28,403 4,283 6,531 2,191 301 20,081 FCF Post Capex ₹ 8,623 Cr Net Debt 30th WC Net Debt 30th CF from Capex Trans
Slide 51: Balance Sheet: Debt Maturities and Liquidity
Balance Sheet vedanta transforming elements Term Debt Maturities - ₹ 39,861 Crore ($5.7 bn) (as of Sep 30, 2019) ▪ Liquidity 12.4 11.4 – Cash and investments @ ₹ 35,817 cr 8.6 rated Tier I by CRISIL; 3.5 – Undrawn line of credit ₹ c. 7,200 crore ₹ ‘000 Crore 2.9 7.0 3.9 ▪ Net Interest – Reducing q-o
Slide 52: Self funded Capex Delivering Superior Returns
Self funded Capex Delivering Superior Returns Growth CAPEX Profile, $bn ■ Oil & Gas ■ Zinc ■ Al & Power ■ Copper ■ Other Optionality Full year Capex guidance 0 0.7 0 1.0 0 1.2 0 1.5 1.2 x 1.1 0.1 0.1 0.1 0.8 0.7 0.5 0.4 0.6 0.1 0.2 0.3 0.4 0.5 0.04 0.2 0.1 0.3 0.2 0.1 0.1 0.5 0.3 0.6 FY2016 FY2017 F
Slide 53: Key Investment Highlights
Key Investment Highlights veda~!~ements transform• 1 Large Diversified Asset Base with an Attractive Commodity Mix 2 Ideally Positioned to Capitalise on Favourable Geographic Presence 3 Well-Invested Assets Driving Cash Flow Growth 4 Operational Excellence and Technology Driving Efficiency and Susta
Slide 54: Appendix
vedanta ransf ge ments VEDANTA LIMITED IHYESTOR PRESEHTATIOH Q2 FY2020 Appendix +--
Slide 55: FY 2020 Guidance
FY 2020 Guidance vedanta transforming elements Segment FY20 Production and COP Revised FY20 Guidance Mined Metal and Finished Metal: c 1.0 Mtpa Mined Metal and Finished Metal: c 950kt Zinc India Silver: 750 - 800 tonnes Silver: c. 650 tonnes < $1,000/t excluding royalty H2 COP < $1,030/t excluding r
Slide 56: Income Statement
Income Statement vedanta transforming elements Depreciation & Amortization Q2 Q2 Q1 In ₹ Crore • Higher q-o-q and y-o-q on account of higher ore FY’20 FY’19 FY’20 production at Zinc businesses, commencement of Revenue from operations 21,739 22,432 21,167 Gamsberg operations and higher charge in O&G
Slide 57: Project Capex
Project Capex Spent up to Capex3 Spent in H1 Unspent as at Capex in Progress Status ($mn) 31 Mar’194 FY20204 30 Sep’20195 Cairn India1 – Mangala Infill, Liquid handling, 2,452 651 282 1,519 Bhagyam & Aishwariya EOR, Tight Oil & Gas etc Aluminium Sector Line 3: Fully capitalised Jharsuguda 1.25mtpa s
Slide 58: Entity Wise Cash and Debt
Entity Wise Cash and Debt (In ₹ crore) Sep 30, 2019 Jun 30, 2019 Sep 30, 2018 Company Debt Cash & LI Net Debt Debt Cash & LI Net Debt Debt Cash & LI Net Debt Vedanta Limited Standalone 37,956 7,162 30,794 39,922 4,147 35,775 44,754 8,050 36,704 Cairn India Holdings 1,213 5,180 (3,968) - 6,167 (6,167
Slide 59: EBITDA Bridge (Q1 FY 2020 vs. Q2 FY 2020)
EBITDA Bridge (Q1 FY 2020 vs. Q2 FY 2020) vedanta transforming elements (In ₹ crore) Zinc, lead & Silver Oil & Gas Electrosteel (344) (190) (160) - ---HZL ZI Oil & Gas Aluminum (82) 85 78 30 5,188 854 RPO PP (112) 188 ! 134 67 206 18 67 119 4,587 4,497 "-------V -----~ Market & Regulatory Operationa
Slide 60: Segment Summary – Zinc India
Segment Summary – Zinc India Q2 Q1 H1 Production (in ’000 tonnes, or as stated) I FY 2020 I FY 2019 % change YoY FY2020 I FY 2020 I Mined metal content 219 232 (6)% 213 432 Integrated metal 210 212 (1)% 219 429 Refined Zinc – Integrated 166 162 2% 172 338 Refined Lead – Integrated1 44 49 (11)% 48 91
Slide 61: Segment Summary – Zinc International
Segment Summary – Zinc International Q2 Q1 H1 Production (in’000 tonnes, or as stated) I FY 2020 I FY 2019 % change YoY FY2020 I FY 2020 I Refined Zinc – Skorpion 23 15 54% 18 41 Mined metal content- BMM 16 13 22% 19 35 Mined metal content- Gamsberg 24 - - 23 47 Total 63 28 - 60 123 Financials (In ₹
Slide 62: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q2 Q1 H1 Production (in boepd, or as stated) FY 2020 FY 2019 % change YoY FY2020 FY 2020 Average Daily Production Gross operated 178,744 185,926 (4)% 180,059 179,398 Oil 160,991 177,026 (9)% 165,983 163,473 Gas (Mmscfd) 107 53 99% 84 96 Non operated- Working interest 565
Slide 63: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q2 Q1 H1 Production (in boepd, or as stated) FY 2020 FY 2019 % change YoY FY2020 FY 2020 Average Daily Working Interest Production 114,994 118,748 (3)% 114,570 114,783 Rajasthan 105,294 108636 (3)% 104,407 104,853 Ravva 2,822 3,037 (7)% 3,036 2928 Cambay 6,312 6,894 (8)%
Slide 64: Segment Summary – Aluminium
Segment Summary – Aluminium Q2 Q1 H1 Particulars (in’000 tonnes, or as stated) FY 2020 FY 2019 % change YoY FY2020 FY 2020 Alumina – Lanjigarh 410 348 18% 446 856 Total Aluminum Production 476 494 (4)% 471 947 Jharsuguda-I 137 137 0% 134 271 Jharsuguda-II 1 201 216 (7)% 199 401 245kt Korba-I 63 64 (
Slide 65: Aluminium profitability
Aluminium profitability vedanta transforming elements $/t Q1 ‘20 1,793 54 92 1,939 (712) (652) (400) (111) 64 (146) (269) (351) 61 83 1,905 Q2 ‘20 1,761 697 774 381 - 81 (28) 133 245 (406) LME Ingot Value Realisation Alumina Power Other Conversion EBITDA Dep Int PBT Premium addition Hot & Others Met
Slide 66: Segment Summary – Power
Segment Summary – Power Q2 Q1 H1 Particulars (in million units) FY 2020 FY 2019 % change YoY FY2020 FY 2020 Total Power Sales 3,253 3,514 (7)% 3,523 6,776 Jharsuguda 20 124 (84)% 267 287 BALCO1 454 480 (6)% 425 878 HZL Wind Power 165 185 (11)% 134 298 TSPL 2,615 2,725 (4)% 2,697 5312 Financials (in
Slide 67: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore Particulars (in million dry metric tonnes, or Q2 Q1 H1 as stated) FY 2020 FY 2019 % change YoY FY2020 FY 2020 Sales 1.4 0.4 - 1.2 2.6 Goa 0.0 0.1 - 0.0 - Karnataka 1.4 0.2 - 1.2 2.6 Production of Saleable Ore 1.3 1.4 (6)% 1.1 2.4 Goa - - - - - Karnataka 1.3 1.4 (6)% 1.1 2.
Slide 68: Segment Summary – Copper India
Segment Summary – Copper India Q2 Q1 H1 Production (in ’000 tonnes, or as stated) I FY 2020 I FY 2019 % change YoY FY 2020 I FY 2020 I Copper - Cathodes 16 15 2% 16 31 Financials (In ₹ crore, except as stated) Revenue 3,185 2,376 34% 1,777 4,962 EBITDA (105) 12 - (66) (171) Copper LME Price ($/MT) 5
Slide 69: Sales Summary
Sales Summary Sales volume Q2 FY 2020 Q2 FY 2019 Q1 FY 2020 H1 FY 2020 Zinc-India Sales Refined Zinc (kt) 168 160 167 335 Refined Lead (kt) 44 49 47 91 Total Zinc-Lead (kt) 212 209 215 427 Silver (tonnes) 135 161 155 289 Zinc-International Sales Zinc Refined (kt) 23 15 17 40 Metal in Zinc Concentrat
Slide 70: Sales Summary
Sales Summary Q2 Q2 Q1 H1 Sales volume Q2 Q2 Q1 H1 Sales volume Power Sales (mu) FY 2020 FY 2019 FY 2020 FY 2020 FY 2020 FY 2019 FY 2020 FY2020 Jharsuguda 20 124 267 287 Iron-Ore Sales TSPL 2,615 2,725 2,694 5,309 Goa (Mn DMT) - 0.1 - - BALCO 2 454 480 425 878 Karnataka (Mn DMT) 1.4 0.2 1.2 2.6 HZL
Slide 71: Currency and Commodity Sensitivities
Currency and Commodity Sensitivities Foreign Currency - Impact of ₹ 1 depreciation in FX Rate Currency Increase in EBITDA INR/USD ~ INR 600 crs / year Commodity prices – Impact of a 10% increase in Commodity Prices H1 FY 2020 Full Year Impact on Commodity Average price EBITDA ($mn) Oil ($/bbl) 66 10
Slide 72: Group Structure
Group Structure Vedanta Resources Ltd Divisions of Vedanta Limited 79.4% 50.1% ⚫ Sesa Iron Ore ⚫ Sterlite Copper Konkola ⚫ Power (600 MW Jharsuguda) Copper Vedanta Ltd Mines (KCM) ⚫ Aluminium (Odisha aluminium and power assets) ⚫ Cairn Oil & Gas* Subsidiaries of Vedanta Ltd 64.9% 51% 100% 100% 90% Z
Slide 73: Results Conference Call Details
Results Conference Call Details vedanta transforming elements Results conference call is scheduled at 6:00 PM (IST) on November 14, 2019. The dial-in numbers for the call are given below: Event Telephone Number India: +91 7045671221 Earnings conference call on November 14, India – 6:00 PM (IST) Toll