Hindalco Industries Limited · NSE:HINDALCO
Hindalco Industries — Non-Deal Roadshow (November 2025)
25 slides from Hindalco Industries's roadshow presentation, Nov 21, 2025
Slide 1: Exchange intimation for investor presentation at non-deal road show
November 21, 2025 BSE Limited National Stock Exchange of India Limited Luxembourg Stock Exchange Scrip Code: 500440 Scrip Code: HINDALCO Scrip Code: US4330641022 Sub: Investor Presentation for the investor meeting at the Non-deal road show to be attended by Hindalco Industries Limited in Singapore [
Slide 2: Key Excerpts from Investor Day Presentation 2025 and Q2 Earnings
Hindalco Industries Limited Key Excerpts from Investor Day Presentation 2025 held on 01 April 2025 & Hindalco Q2 FY25 Earnings Presentation - 07 Nov 2025 Investor Day 2025 21 Nov 2025 1 1
Slide 3: Safe harbor statement
Safe harbor statement Forward-looking statements Certain statements in this report may be ‘forward-looking statements’ within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a differe
Slide 4: Hindalco's Position Among NIFTY 50 Peers
Hindalco’s Position Among NIFTY 50 Peers Absolute Profits Strong ROCE Attractive valuation • Rank 5* • H1 ROCE :19.6% • P/Book 1.33# vs. Avg of 7.6 (Nifty 50) • 3 yr CAGR : 23.4% • Disciplined Capital allocation • P/E : 10# vs. Avg of 68.8 (Nifty 50) • H1 PAT ~ $1B • Consol. Net Debt / EBITDA at 1.2
Slide 5: Strategic Imperatives
Strategic Imperatives Advancing Aluminium as the material of choice with circular solutions Upstream Highly Circular 1 Aluminium Double Down 1 Reach 75% average recycled content Copper across our products Low Carbon 2 Downstream Aluminium 2 Reduce emissions to less than 3 tonnes Copper 4x by FY30 of
Slide 6: Macros Trends
Macros Trends Market Snapshot: LME trends influenced by fundamentals, policies, sentiment and tariffs Market Supply:Global production: +~1%. ▪ China: Gains in Yunnan, Sichuan, Inner Mongolia; Shandong closures. ▪ Rest of World: Growth from Indonesia & India. Market Demand: Global consumption: +~1%.
Slide 7: Highly Circular: Novelis leads the industry in aluminium recycling
Highly Circular : Novelis leads the industry in aluminium recycling ✦ Novelis is a highly efficient processor of scrap with significant cost Ambitious goal to increase scrap content to and scale advantages 75% by 2030 ✦ Infinitely recyclable Aluminium lowers CO2/t in the products › Product and R&D I
Slide 8: Leader in ROIC: Scale and investment pave the path for growth
Leader in ROIC : Scale and investment pave the path for growth Novelis Global FRP Finished Good Capacity (KT) Current global capacity utilization at 90% ~450 175 600 ~5,000 requires investments to support expected 3,751 market growth Demand and shipment growth leads to scale benefits as a 2/3 fixed
Slide 9: Leader in ROIC: Opportunity for continued adjusted EBITDA per tonne expansion
Leader in ROIC : Opportunity for continued adjusted EBITDA per tonne expansion Opportunity for margin expansion from Adjusted EBITDA per Tonne proven margin drivers with further ($/Tonne) enhancement from Bay Minette 600+ Operating leverage from scale, 530 510 491 pricing and product mix 450 474 478
Slide 10: Leader in ROIC: Targeted initiatives to structurally lower costs
Leader in ROIC : Targeted initiatives to structurally lower costs Expected Cumulative Benefit Operational and Footprint Efficiencies ($ million) › Labor productivity increases 350 › Energy and variable cost consumption optimization 300 › Procurement savings 250 › Enhance asset effectiveness with thr
Slide 11: Bay Minette Project Update
Bay Minette Project Update ▪ Construction progressing at greenfield rolling & recycling facility in Bay Minette, Alabama, in the US ▪ 600kt total finished goods capacity upon completion ▪ 420kt targeted to beverage packaging, with capacity contracted ▪ 180kt capacity targeted primarily for automotiv
Slide 12: Novelis: Major growth projects
Novelis : Major growth projects Identified Projects Location Primary Product Rolling Capacity Estimated Status / Estimated Markets Supported (KT) Investments Commissioning (US$) North America Phase 1 complete in FY24; Hot mill debottlenecking and automotive upgrades Oswego, US Specialties, Auto 65 $
Slide 13: India growth summary
India growth summary Business Current Capacity / Key Projects Key Projects Total Capacity Segments Shipments Under Execution Under Evaluation (KTPA) Aluminium 1,340 KT Aditya Smelter Expansion (Ph 1): 181 KT Mahan Expansion: 360 KT >2,000 Upstream Aditya Smelter Expansion (Ph 2): 193 KT Alumina 3,74
Slide 14: Aluminium Downstream: investments yielding results
Aluminium Downstream : investments yielding results Capacity Building Investments Battery Enclosures for 4W EVs Next Gen Technology Advanced presses for multiple applications, plus India’s first vertical powder coating line Unmatched Quality High-throughput anodising and Silvassa, Extrusions cutting
Slide 15: Aluminium Downstream: New Value-Added Product Developments
Aluminium Downstream : New Value-Added Product Developments Batteries and Crash Battery Aluminium Creation of a B2C ‘Atmanirbhar Bharat ’ Components Foils and Materials “Home Brand” in India through Aerospace and Defence (A&D) Materials Products Products Products Products Side SILL, Bumper, Aluminiu
Slide 16: Copper: Foray into downstream products for an integrated player advantage
Copper : Foray into downstream products for an integrated player advantage India’s First Battery-Grade Backward Integrated Copper Foil Inner Grooved Manufacturing Copper Tube facility Facility › Planned Capacity › Planned Capacity 25 KTPA in Phase 1, expanding to 50 KTPA in Phase 2 11.5 KTPA in Phas
Slide 17: Specialty Alumina: New Value-Added product developments
Specialty Alumina : New Value-Added product developments FUSALOX Superfine Precipitated ATH Other Specialty Alumina White Fused Alumina (Fine Particles) Products and Applications High-Precision SMA Series › Applications in Li-ion battery separators, refractory, steel & non-ferrous fillers, and elect
Slide 18: Hindalco India: Cost Position to improve further with captive coal
Hindalco India : Cost Position to improve further with captive coal Change in Energy Mix Current Mix (%) Predominantly coal-based from linkages and spot purchases < 2% ~17% ~30% Transition by FY29 35 - 40% 50% shift to captive mines and renewable energy > 98% ~70% 45 – 50% Renewables reaching ~30% o
Slide 19: Hindalco India: Investments driving growth in volumes and margins
Hindalco India : Investments driving growth in volumes as well as expansion in margins Primary Aluminium Capacity Copper Shipments Aluminium Downstream Capacity Specialty Alumina Shipments (KTPA) (KTPA) (KTPA) (KTPA) VOLUMES 374 1,714 365 856 170 600 586 1000 1,340 430 491 414 Current 1 Under 2 Post
Slide 20: India growth Projects
India growth Projects Sr. No. Projects Plant / Region Capacity Estimated Investments Expected Year (KT) ($Million) of Commissioning I Aluminium Upstream 3,157 1 Greenfield Aditya Alumina Refinery Rayagada 850 837 FY28 2 Aluminium Smelter Expansion(Phase 1) Aditya 180 1,116 FY28 3 Aluminium Smelter E
Slide 21: Strong balance sheet to fund growth
Strong balance sheet to fund growth India Novelis Consolidated FCF after $0.9 B * $1.1 B * $2 B maintenance capex# Net Debt/EBITDA# (0.41x) 3.5x 1.23x Investor Day 2025 # As on 30th Sept 2025 20 * Excludes non-recurring impact of Supplier’s Credit repayment in India and WC change due to BMC in Novel
Slide 22: Capital allocation priorities
Capital allocation priorities #1 #2 #3 Maintain a strong Invest in growth Return capital to balance sheet shareholders Target Leverage $10 billion 8-10% Consolidated 2.0x growth capex of the free cash flows under execution post maintenance capex India 1.5x and working capital Novelis 2.5x requiremen
Slide 23: Hindalco's Position based on H1 FY26 PAT in NIFTY 50 Companies
Hindalco’s Position based on H1 FY26 PAT in NIFTY 50* Companies Rank CO Name PAT H1 (in Crores) 1 RELIANCE 52,875 2 BHARTIARTL 16,073 3 ITC 10,530 4 LT 8,996 5 HINDALCO 8,745 6 M&M 8,340 7 MARUTI 7,141 8 ADANIPORTS 6,431 9 HINDUNILVR 5,462 10 SUNPHARMA 5,418 11 TATASTEEL 5,190 12 ADANIENT 4,391 13 B
Slide 24: NIFTY 50 Companies – Key Market Indicators
NIFTY 50 Companies – Key Market Indicators Sr. No CO Name PAT H1 (in Crores) ROCE (%) PE Ratio PB Ratio Sr. No CO Name PAT H1 (in Crores) ROCE (%) PE Ratio PB Ratio 26 TATASTEEL 5,190 8.8 28.5 2.28 1 RELIANCE 52,875 9.7 27.4 2.34 27 SHRIRAMFIN 4,474 11.0 17.7 2.55 2 SBIN 43,131 6.5 11.4 1.58 28 ADAN
Slide 25: Thank You
Thank You Investor Day 2025 24
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