Slide 1: Investors' Meet December 2025
Investors’ Meet December 2025
Slide 2: Presentation Flow
Presentation Flow Introduction 1 ESG 2 Aluminium: The Metal of the Future 3 Vedanta: Competitive Edge in a Growing Market 4 Process Overview 5 Enablers 6 Key Messages 7 Q&A 8 2
Slide 3: Core Purpose and Values
Core Purpose "To create a leading global natural resource company" Vedanta is a globally diversified natural resources company with low-cost operations. We empower our people to drive excellence and innovation to create value for our stakeholders. We demonstrate world class standards of governance,
Slide 4: Our commitment & path to sustainability excellence
Our commitment & path to sustainability excellence Climate 8.96% GHG reduction | In-house projects & RE ASI Certified Smelters ASI Chain of Custody Community +55k family empowered People ESG Corporate Sustainability Assessment 19% Diversity Credentials Vedanta Aluminium1 Achieved 2nd Rank in FY25 Wa
Slide 5: Aluminium: The Metal of the Future
01 Aluminium The Metal of the Future
Slide 6: Key Advantages of Aluminium
Key Advantages of Aluminium Light Weight & Efficiency 10% weight reduction → up to 7% fuel savings Safety Conductivity Absorbs 2× impact energy vs steel 3.5 times more conductive than iron Increased Lifecycle Durable, longer life span, & environment friendly 6
Slide 7: High-growth segments propel Aluminium demand ahead of global GDP
High-growth segments propel Aluminium demand ahead of global GDP Global Demand by Region (MnT) Sectoral Demand (MnT) China RoW Europe US India 121 32 2020 2025E 2030E 7.5 102 105 12 27 5 5 10 24 87 10 15 3 13 21 21 21 9 13 20 20 19 27 17 18 13 22 22 19 13 11 11 11 9 9 59 8 52 54 44 2020 2024 2025E 2
Slide 8: Capacity limit in China to restrict supply growth and support price strength
Capacity limit in China to restrict supply growth and support price strength Smelter Capacity Smelter Capacity Smelter Capacity MnT - 2020 MnT – 2025E Smelter Capacity MnT - 2010 MnT - 2000 China 3 22 42 45 Capacity cap of 45 MnT has been reached China CAGR (%) 14% 23% 7% 1%* Global Capacity (MnT) 2
Slide 9: Vedanta among Global Aluminium Leaders
Vedanta among Global Aluminium Leaders Production (MTPA) - CY2024 Currently, at aggregate levels, Vedanta Aluminium is placed Hongqiao 8th in the world 5.9 Chinalco 5.1 RUSAL 4.1 Xinfa 3.7 Ex-China, placed at 4th Rio Tinto 3.3 Vedanta (Post Expansion) 3.0 SPIC* 3.0 Post expansion to 3 MTPA, Vedanta
Slide 10: Significant upside potential for domestic demand growth
Significant upside potential for domestic demand growth Per capita demand for India is currently at 3.7 Kg vs World average of 12 Kgs India is in the first stage of Nation Building Per capita Al consumption to improve as India moves across stages 45 III South Korea, 43 40 Expertise Building Average
Slide 11: Rapid Domestic Demand Growth creating a significant Market Opportunity
Rapid Domestic Demand Growth creating a significant Market Opportunity India Demand (MnT) 7.5 Electrical Transport Durables Construction Others Emerging Aluminium Demand 1.3 • Demand has almost doubled in the last 5 years 5.5 0.9 4.9 • Consumption is projected to grow by ~2 0.9 4.4 1.4 MnT by CY30 0
Slide 12: Vedanta Aluminium
“a =m >>> . ? mitt LI Aluminium vedanta | aluminium ‘transforming Yor good
Slide 13: Irreplicable and Unparalleled Assets
Irreplicable and Unparalleled Assets 5 coal and 1 bauxite mines within 100kms of our plants 13 Sensitivity: Public (C4)
Slide 14: A Fully Integrated Vision: Strengthening our value chain End-to-End
A Fully Integrated Vision: Strengthening our value chain End-to-End Backward Integration Backward Integration Aluminium Production Forward Integration (Alumina) (Coal & Bauxite) Aluminium Smelters Alumina Refinery Value Added Products Mines Jharsuguda 1.85 → 2.0 MTPA (100% Captive Alumina) 71 → 90+%
Slide 15: Demonstrated track record of Operational Excellence in Volume and Cost
Demonstrated track record of Operational Excellence in Volume and Cost Production Volume (in KT) Cost of Production (in $/T) 3,000 2,700 3,000 2,500 2,653 2,800 2,300 2,600 2,422 2,100 2,370 ~1100 kt ~1150 $/t 2,400 2,291 2,268 1,900 2,011 2,200 1,878 1,700 1,826 1,765 1,969 1,716 1,734 2,000 1,904
Slide 16: Improving from low-cost producer to Industry Leader
Improving from low-cost producer to Industry Leader Already a Low-Cost producer, in the first quartile CY23 CY30 Cost of production $/t 1st Decile Century Alcoa Aluminum EGA & CBA Rio Tinto Vedanta Alba Norsk Aluminium Hydro 0 MTPA Production (MTPA) 76 MTPA 1st Quartile 2nd Quartile 3rd Quartile 4th
Slide 17: Reducing Cost Volatility through Strategic Integration
Reducing Cost Volatility through Strategic Integration Hot Metal CoP Cumulative Reduction Structural Cost Reduction EBITDA (Bn$) -175 $/t ~4.0 -250 $/t -325 $/t 1,826 $/t 2.5 1,650 $/t 1,575 $/t 1,500 $/t Q2FY26 H2FY26 Design Current* Design** 1. LNJ ramp up to 4 MTPA 1. 5 MTPA ramp up at LNJ 1. BAL
Slide 18: Adding VAP capacities to cater the demand
Adding VAP capacities to cater the demand Value Added Product Mix 90+% 71% Current Post Expansion Powered by demand in Transmission, EV, Renewable & Defence Sectors Sensitivity: Public (C4) 18
Slide 19: Process Overview
3 vedanta aluminium Process Overview
Slide 20: Industry Value Chain: From Earth to Sky
Industry Value Chain: From Earth to Sky Bauxite Alumina Aerospace & Defense Coal Power Plant RE Power Automotive Industry Aluminium Carbon Anode Cable and Conductor Industry 1 Kg Al 6 Kg Bauxite: 2 Kg Alumina : 10.5 Kg Coal : 13.5 MWH Power : 420 Kg Carbon 20
Slide 21: Vedanta Jharsuguda
04 Vedanta Jharsuguda World’s Largest Smelter
Slide 22: Our Journey: A Legacy of Excellence
Our Journey: A Legacy of Excellence Vedanta’s first Billets and 1.25 MTPA, Smelter 2 Commissioning of Pot- Capacity expanded to Capacity expanded to Greenfield Project Wire Rods. (SEZ) commissioned in line-6. Aug’20 1.75 MTPA 1.85 MTPA Sep’14 2005 2009 2014 2020 2022 2024 2008 2010 2018 2021 2023 20
Slide 23: Innovating Today, Powering Tomorrow – Highlights
Innovating Today, Powering Tomorrow – Highlights 1st in Asia and 2nd in World to get Energy Management Certification 60+ Largest Captive Powerplant countries in India 3015MW clientele base India’s first producer of World’s largest Wire rod & Low Carbon Green Aluminium Billet Producer (Ex-China) Indi
Slide 24: Strategically located, globally connected – Vedanta, Jharsuguda
Strategically located, globally connected – Vedanta, Jharsuguda Proximity to coal mines and Water resource • Major Coal beds in Orissa - coal fields are around 50 kms radius • 24% share of the coal deposits in India (75 bt out of 300 bt) • Water from Hirakud Reservoir. Well-connected by road, rail,
Slide 25: Largest Smelter in the World
Largest Smelter in the World 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Vedanta Jharsuguda 1850 Xinjiang Xinfa 1,700 Alba 1,620 EMAL 1,510 Zouping 1,457 Gansu Jiayuguan 1,350 DUBAL 1,160 Xinjiang Tianshan 1,156 Yunnan Hongtai 1,082 Krasnoyarsk 1,013 Vedanta China Rest of World 26 25 Sensi
Slide 26: Jharsuguda Smelter: Benchmarking Global Standards
Jharsuguda Smelter : Benchmarking Global Standards • Operating on advanced GAMI Prebake technology • Robust 6-potline configuration with 1,930 pots • Design Pot Amperage of 335.3 KA currently running at 104% of design • Design Capacity of 1771 KTPA currently operating at 105% of design POTLINE • Ope
Slide 27: India's Largest Captive Power Plant
India’s Largest Captive Power Plant 3615MW 3615 MW TPP 2400MW (600 MW * 4 Units) CPP 1215 MW (135 MW * 9 Units) Coal Source: Mahanadi Coal Fields Water source: Hybrid ESP with SPM level Captive mine - Jamkhani Hirakud Reservoir < 50 mg/Nm3 EPC Plant Turbine O&M Contractor Capacity Manufacturers Part
Slide 28: BALCO
05 BALCO India’s Iconic Aluminum Producer
Slide 29: BALCO Journey – Since Inception
BALCO Journey – Since Inception Inception of India’s Commissioning of Foundation stone of 1st iconic Properzi (Wire 51% BALCO Smelter plant GAMI Installation of PFA- expansion of smelter Aluminium rod) unit disinvested to Technology Hall First alloy ingot 10 kg Ingot for plant capacity from 5.7 prod
Slide 30: Vedanta Lanjigarh
06 Vedanta Lanjigarh God’s Own Factory
Slide 31: Lanjigarh Refinery
Lanjigarh Refinery Calciners Railway Siding Caustic Pond Alumina Silos FO storage Raw water Reservoir Precipitation Central Control Room Evaporation Digestion
Slide 32: Lanjigarh Overview
Lanjigarh Overview 46% to 59.22% (in 10 yrs) Literacy Rate in Reaching out to Kalahandi >1.8 lakh people across 92 villages Per Capita Income in near Lanjigarh Kalahandi increased from 19,000 in 2003 to 1,50,000 in 2024 1.2 Lakh benefitted 150+ artisans 1400+ Students from healthcare engaged in Dhok
Slide 33: Growth Journey of Alumina Refinery Lanjigarh
Growth Journey of Alumina Refinery Lanjigarh Ground- 0.9 MTPA 3MTPA Debottleneck Breaking Capacity Expansion to 6 MTPA- Train 1 FY 26 Bauxite 1.2MTPA Total – 3.5 3MTPA Charging & Debottlenecking MTPA Expansion First Alumina to 2MTPA Train 2 Dispatch Total – 5MTPA 2003 2012 2024 2028 2007 2022 2025 3
Slide 34: People
People Workforce diversity at an overall Strong Recognitions for Industry-leading level stands at 19% with an aim to People people practices, culture, leadership increase it to 30%. Diversity Diversity Practices Culture development initiatives and extending to LGBTQIA+. foremost, the focus on wellbe
Slide 35: CSR Footprints | Aluminum Sector
CSR Footprints | Aluminum Sector . We, at Vedanta are committed to Nurturing & Empowering the Community in transforming their lives through Sustainable & inclusive growth 3 States | 10 Districts | 300 villages | 7 lakh Population Empowering Youth Women Empowerment • 13000+ Youth Skilled in 8 trades
Slide 36: Key takeaways Key Messages
Key takeaways Key Messages Robust demand for Home ground Local, vertically- Exclusive focus on ~3 MTPA the Metal of the advantage in India, integrated supply value-added production at Future supported by with market chain enabling products to meet $1,350/T EBITDA expected to grow industry-leading so
Slide 37: Thank You
Thank You Transforming Together Inclusive Responsible Value-accretive Delivery
Slide 38: Forward Looking Statement
Forward Looking Statement 01 The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward-look