Vedanta Limited · NSE:VEDL
Vedanta — Q1 FY2020 Earnings Presentation
67 slides from Vedanta's earnings presentation, Jul 26, 2019
Slide 1: Outcome of Board Meeting cover letter
~ ~ vedanta transforming elements VEDL/Sec./SE/19-20/59 July 26, 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 Sir
Slide 2: Independent Auditor's Review Report (Consolidated)
S.R. BATLJBOJ & Co. LLP 2nd & 3rd Floor Golf View Corporate Tower· B Sector · 42, Sector Road Chartered Accountants Gurugram - 122 002, Haryana, India Tel : +91 124 681 6000 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated and Year to Date Financial Results of the Company
Slide 3: Auditor's Review Report continued
S.R. BAruB01 & Co. LLP Chartered Accountants amounts and disclosures in respect of these subsidiaries and associate is based solely on the report of the other auditors and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the abo
Slide 4: Annexure I: List of subsidiaries and associates
S.R. BATLIBOI & Co. LLP Chartered Accountants Annexure I List of subsidiaries/associates/ _jointly contro lled entities Subsidia ries S.No. Name I Bharat Aluminium Company Limited (BALCO) 2 Coooer Mines offasmania Pty Limited (CMT) .., :, Fuiairah Gold FZE 4 Hindustan Zinc Limited (HZL) 5 Monte Cell
Slide 5: Annexure I continued
S.R. BATLIBOI & Co. LLP Chartered Accountants S. No. Name 48 A vanstrate (Korea) Inc 49 A vanstrate (Taiwan) Inc 50 Vedanta Star L imited 51 Electrosteel Steels Limited 52 Lisheen Mine Partnership Associates S. No. Name l RoshSkor Township (Proprietary) Limited 2 Gaurav Overseas Private Limited Join
Slide 6: Statement of Unaudited Consolidated Results Q1
~ Vedanta Vedanta Li mited CIN no. L13209MH1965PLC291394 Reyd. Office: Vedanta Limited 1st Floor, ' C' winy, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), t-1umbai-400093, Maharashtr a STATEMENT OF UNAUOJTED CONSOLIDATED RESULTS FOR THE OUARTER ENDED JUNE 30, 2019 c, in Crore e
Slide 7: Consolidated Segment Information
(t in Crore) Quarte r ended Year ended 30. 06.2019 31. 03.2019 30.06. 2018 31.03. 2019 S . No. Segment Information (Unaudited) (Audited) ( Unaudited ) (Audited) (Refer Note 2 ) 1 Segment Revenue a) Zinc, Lead and Sliver (i) Zinc & Lead - India 4, 295 4,610 4,655 18,088 (ii) Silver - India 576 744 54
Slide 8: Segment Assets and Liabilities
(' in Crore) Quarter ended Year ended 30.06.2019 31.03.2019 30.06.2018 31.03.2019 S. No. Segment Information (Unaudited) (Audited) (Unaudited) (Audited) (Refer Note 21 3 Segment assets a) Zinc, Lead and Silver - I ndia 20,484 19,884 18,957 19,884 b) Zinc - International 6,116 6,034 5,425 6,034 C) Oi
Slide 9: 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 ended June 30, 2019 have been rev iewed by- the Audit Committee at its meeting held on July 25, 2019 and approved by the Board of Directors at
Slide 10: Auditor's Review Report (Standalone)
S.R. BArL1Bo1 & Co. LLP 2nd & 3rd Floor Golf View Corporate Tower· B Sector· 42, Sector Road Chartered Accountants Gurugram • 122 002, Haryana, India Tel : +91124 681 6000 lndependent Auditor's Review Report on the Quarterly U naudited Standalone and Year to Date Financial Results o f the Company Pu
Slide 11: Statement of Unaudited Standalone Results
~ vedanta . , ,.,..... .- ~ 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 ENDED JUNE 30, 2019 (
Slide 12: Standalone Segment Information
(Ii' in Crore) I Quarter ended Year ended 30.06. 2019 3 1.03.20 19 30.06.2018 3 1.03.2019 S. No. Segment Information ( Unaudited) (Audited) ( Unaudited) (Audit ed) (Refer Note 2) 1 Seg ment Revenue a) Oil & Gas 1, 673 1,715 1,721 7,104 b) Aluminium 5,022 4 ,302 5, 377 21,000 c) Copper 972 2, 084 1,6
Slide 13: Notes to standalone results
Notes:- 1 The above results of Vedanta Limited ("the Company"), for the quarter ended June 30, 2019 have been reviewed by the Audit Committee at its meeting held on July 25, 2019 and approved by the Board of Directors at its meeting held on July 26, 2019. The statutory auditors have carried out limi
Slide 14: Press release: Consolidated Results for First Quarter
Vedanta Limited Regd. Office: Vedanta Limited 1st Floor, ‘C’ Wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai 400093, Maharashtra. www.vedantalimited.com CIN: L13209MH1965PLC291394 26 July 2019 Vedanta Limited Consolidated Results for the First Quarter ended 30 June 2
Slide 15: Operational Highlights
Unaudited Results for the First Quarter ended 30 June 2019 Operational Highlights • Oil & Gas: o Average gross production of 180 kboepd, down 8% y-o-y o 10 New Blocks allotted in OALP II & III Auctions • Zinc India: o Refined metal production at 219kt, up 3% y-o-y o Silver production at 159 MT, up 1
Slide 16: Consolidated Financial Performance
Unaudited Results for the First Quarter ended 30 June 2019 Consolidated Financial Performance The consolidated financial performance of the company during the period is as under: (In Rs. crore, except as stated) Q1 % Q4 % Particulars FY2019 FY2020 FY2019 Change FY 2019 Change Revenue from operations
Slide 17: Revenues, EBITDA and Depreciation
Unaudited Results for the First Quarter ended 30 June 2019 Revenues Revenue in Q1 FY2020 was at ₹ 21,167 crore, lower 4% y-o-y, primarily due to lower commodity prices partially offset by higher aluminium sales, volume addition from ESL, commencement of Gamsberg mine and currency depreciation. EBITD
Slide 18: Attributable PAT, EPS and Balance Sheet
Unaudited Results for the First Quarter ended 30 June 2019 Attributable Profit after Tax and Earnings per Share (EPS) Attributable Profit after Tax (PAT) before exceptional items and DDT for the quarter was ₹ 1,351 crore. EPS for the quarter before exceptional items was at ₹ 3.65 per share . Balance
Slide 19: Key Recognitions
Unaudited Results for the First Quarter ended 30 June 2019 Key Recognitions Vedanta has been consistently recognized through the receipt of various awards and accolades. During the quarter, we received the following recognitions: • Vedanta Limited and HZL conferred with Dun & Bradstreet Awards under
Slide 20: Results Conference Call
Unaudited Results for the First Quarter ended 30 June 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- relations/results-reports.aspx Following
Slide 21: About Vedanta Limited
Unaudited Results for the First Quarter ended 30 June 2019 About Vedanta Limited Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading diversified natural resource companies with business operations in India, South Africa, Namibia and Australia. Vedanta is a leadi
Slide 22: Vedanta Limited Investor Presentation July 2019
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Slide 23: 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 24: Contents
Contents Section Presenter Page Q1 FY20 Review Venkat, CEO 4 Financial Update Arun Kumar, CFO 21 Appendix 27 VEDANTA LIMITED – Q1 FY2020 INVESTOR PRESENTATION 3
Slide 25: Q1 FY2020 Review
Q1 FY2020 Review Venkat Chief Executive Officer
Slide 26: Key Highlights: Q1 FY2020
Key Highlights: Q1 FY2020 ▪ Structural Reduction in Aluminium Cost, down 8% y-o-y ▪ Highest ever Lanjigarh Alumina production, up 37% y-o-y ▪ Lanjigarh Alumina COP at $284/t, down 17% y-o-y. Lowest in last 2 years ▪ Stable production from UG mine, Shaft integrated with Mine at SK Operational ▪ Produ
Slide 27: Heading Towards Zero Harm, Zero Waste, Zero Discharge
Heading Towards – Zero Harm, Zero Waste, Zero Discharge Safety Environment Sustainability ▪ 1st ever Dry Tail Stacking Plant in ▪ Zinc India selected as Member of ▪ 3 fatality in Q1 FY2020 the Indian Zinc Industry is set to “FTSE4Good Emerging Index” for be commissioned at Zawar Mine ▪ New safety KP
Slide 28: Zinc India: Strong Momentum in Silver Production
Zinc India: Strong Momentum in Silver Production Fastest Growing Silver Company with a CAGR of 18% Ranked 9th Globally in Primary Silver Production Silver prices up ~15% in last 3 months 2000 Hindustan Zinc 1200 Silver in tonnes 1500 silver production in tonnes 1000 1000 750-800 1000 679 800 558 453
Slide 29: Zinc India: Production Grows as Projects Approach Completion
Zinc India: Production Grows as Projects Approach Completion Performance Update Confident of Achieving 1.2 Mtpa MIC Capacity in FY20 ▪ Finished Metal Production, up 3% y-o-y Rampura Agucha ▪ Shaft commissioning in Q3 ▪ Stable Production from underground mine, up 1% y-o-y ▪ Rapid development crew to
Slide 30: Zinc International: Gamsberg Continued Performance Ramp Up
Zinc International: Gamsberg Continued Performance Ramp Up Mining Processing ▪ Operating at design capacity to deliver ore of 330ktpm • June Exit throughput at 450 tph, target of 500 tph by Q2 ▪ Blast improvement to increase crusher throughput • Advanced Process Control to ensure optimal recovery ▪
Slide 31: Zinc International: Consistent Performance
Zinc International: Consistent Performance Performance Update Gamsberg ▪ Overall production at 60kt, up 134% y-o-y ▪ Gamsberg production at 23kt, ramp up going on ▪ COP of $1,597/t, down 32% y-oy (10kt in Jun’19) 277 BMM 248 224 219 ▪ Production at 19kt, up 24% y-o-y (Best quarter in last 5 quarters
Slide 32: Oil & Gas: Robust Portfolio across Lifecycle
Oil & Gas: Robust Portfolio across Lifecycle EXPLORATION APPRAISAL DEVELOPMENT PRODUCTION 51 OALP Blocks 8 Rajasthan Fields B&A Polymer Rajasthan (V&V, MBH, DP, MBA ASP Rajasthan KG Offshore Shakti, SW-1, Tight Oil (ABH) Ravva Ravva Guda S-7, NP, SL-1) Tight Gas (RDG) Cambay 10 Satellite Fields KG O
Slide 33: Oil & Gas: Portfolio being monetized to drive multi-fold growth
Oil & Gas: Portfolio being monetized to drive multi-fold growth $ 3.2bn Gross Capex Global Partnership Model ▪ Monetizing 400 million barrels ▪ Executing in Partnership with Global Companies ▪ Targeting resource addition from exploration & appraisal ▪ Key Partners: Halliburton, Schlumberger, GE-Bake
Slide 34: Oil & Gas: Production Ramp Up Plan
Oil & Gas: Production - Ramp Up Plan Production Ramp Up (kboepd) Key Growth Projects ~260-270 Incremental Gross Capex EUR Project Partner Production (kboepd) 200 ($ Million) (mmboe) 180 [H2 exit over Q1] Mangala Infill, Bhagyam & Halliburton 240 58 20 Aishwariya Polymer Wells: BH-GE MBA ASP Faciliti
Slide 35: Oil & Gas: Exploration – OALP Growth Opportunity
Oil & Gas: Exploration – OALP An Unprecedented Growth Opportunity ▪ 41 blocks in OALP I, 10 in OALP II & III 51 ▪ ~60,000 sq.km. acreage Well Diversified 40 Onshore ▪ Mostly proven oil and gas basins, both 11 Offshore conventional / unconventional play 5.6 ▪ ~$ 800 Million Capex commitment in Explor
Slide 36: Oil & Gas: Exploration – Augmenting Resource Base
Oil & Gas: Exploration – Augmenting Resource Base Work Investment Resources Program Partner Status ($ Million) (mmboe) (Wells) Rajasthan Drilling from 60 300-600 7-18 Schlumberger Q2 FY20 Exploration Rajasthan Schlumberger Drilling from 75 200 14 / Halliburton Q2 FY20 Tight oil Appraisal 2 Discoveri
Slide 37: Aluminium: Achieving Design Structure
Aluminium: Achieving Design Structure Structural Reduction in Cost, down 8% y-o-y Alumina Refinery setting new records Production: 1,912 1,810 1,764 ▪ Highest ever Lanjigarh Alumina production, up 37% y-o-y Lanjigarh COP: ▪ COP at $284/t, down 17% y-o-y. Lowest in last 2 years Coal Q4 FY19 Q1 FY19 Q
Slide 38: Aluminium: Significant progress on Strategic levers
Aluminium: Significant progress on Strategic levers Continues 2,102 1,810 1,764 1,500 Coal Alumina Bauxite Initiatives Ramp Up Sourcing Others Q3 FY19 Q4 FY19 Q1 FY20 Target Initiatives Action Plan ▪ Increase Linkages through participation in Tranche V & VI Coal ▪ Target coal security 90% of require
Slide 39: Electrosteel: New Vision To Forge A Stronger Future
Electrosteel: New Vision To Forge A Stronger Future Performance Update Way Forward ▪ Feasibility study concluded for doubling the Production: capacity ▪ Production of 323kt, up 34% y-o-y ▪ On track to launch the capacity enhancement ▪ Sales at 273kt, up 16% y-o-y project in FY20 ▪ VAP sale at 90% vs
Slide 40: Other Assets: Iron ore & Copper India
Other Assets: Iron ore & Copper India Iron ore Copper India ▪ Karnataka sales at 1.2 mt; higher than last year ▪ Favourable order from NGT in Dec 2018 ▪ Continuously Engaging with Government for resumption of Goa mining ▪ Supreme court directed to file writ petition with ▪ Pig iron production at 178
Slide 41: Strategy to Enhance Long Term Value
Strategy to Enhance Long Term Value 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 – Q1 FY2020 INVESTOR PRESENTATION 20
Slide 42: Financial Update
Financial Update Arun Kumar Chief Financial Officer
Slide 43: Financial snapshot
Financial snapshot EBITDA Att PAT Gross Debt ₹ 5,188 cr ₹ 1,351 cr ₹ 59,517 cr Down 20% y-o-y Down 12% y-o-y Lower 10% q-o-q EBITDA Margin* ROCE^ ND/EBITDA 27% 10.8% 1.3x Industry leading margin Lowest among Indian peers * Excludes custom smelting at Copper India and Zinc-India operations ^ ROCE is
Slide 44: CIHL Treasury Investment Transaction: Superior Returns with an Early Exit
CIHL Treasury Investment Transaction: Superior Returns with an Early Exit Background ▪ Purchase of economic interest in ~24.71 million shares (~1.8% of outstanding shares) of Anglo American Plc by CIHL from Volcan Investments through a Structured Investment Transaction (Dec’18) Update Jun’19 Investm
Slide 45: EBITDA Bridge (Q1 FY2019 vs. Q1 FY2020)
EBITDA Bridge (Q1 FY2019 vs. Q1 FY2020) (In ₹ crore) IOB 140 ESL 141 Aluminum (1,581) ZI 76 Zinc, Lead & Silver (652) Al 68 HZL 51 Cairn (170) 6,448 2,302 298 64 116 430 53 5,188 5,070 547 Market & Regulatory Operational ₹ (1,378) crore ₹ 234 crore Q1 FY19 LME/ Brent / Input Currency Regulatory & Ad
Slide 46: Net Debt for Q1 FY 2020
Net Debt for Q1 FY 2020 (In ₹ crore) 2,109 74 28,403 340 28,743 26,956 4,286 3,062 488 FCF Post Capex ₹ (1,373) Cr Net Debt CF from WC Buyers credit Capex Translation Net Debt Lease Liability Net Debt 1st Apr’19 Operations Movements Repayment & others 30th Jun’19 30th Jun’19 (Excl Lease (Incl Lease
Slide 47: Balance Sheet
Balance Sheet Term Debt Maturities - ₹ 38,532 Crore ($5.6 bn) (as of June 30, 2019) ▪ Liquidity – Cash and investments @ ₹ 30,774 cr 11.7 10.3 rated Tier I by CRISIL; 8.5 3.5 – Undrawn line of credit ₹ c. 4,900 crore ₹ ‘000 Crore 4.9 2.9 6.2 ▪ Net Interest – Reducing q-o-q 1.0 3.0 6.8 ▪ Interest Inc
Slide 48: Appendix
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Slide 49: Income Statement
Income Statement Depreciation & Amortization Q1 Q1 Q4 In ₹ Crore ▪ Higher y-o-y on account of higher ore production at FY’20 FY’19 FY’19 Zinc India, commencement of Gamsberg operations Revenue from operations 21,167 21,942 23,092 and capitalisation of capacities. Finance Cost Other operating income
Slide 50: CIHL Treasury Investment Transaction – Accounting Impact
CIHL Treasury Investment Transaction – Accounting Impact Structured investment is Marked-to-market (MTM) at each reporting date with gain/loss recognized in the income statement. Forex MTM gain/loss including forex derivative is also recognized in the income statement. Net Consideration from Unwindi
Slide 51: Entity Wise Cash and Debt
Entity Wise Cash and Debt (In ₹ crore) Jun 30, 2019 Mar 31, 2019 Jun 30, 2018 Company Debt Cash & LI Net Debt Debt Cash & LI Net Debt Debt Cash & LI Net Debt Vedanta Limited Standalone 40,171 4,147 36,024 42,204 8,269 33,935 43,263 5,888 37,375 Cairn India Holdings - 6,167 (6,167) 2,624 8,326 (5,702
Slide 52: Debt Breakdown & Funding Sources
Debt Breakdown & Funding Sources Diversified Funding Sources for Term Debt of $5.6bn Debt Breakdown (as of Jun 30, 2019) (as of Jun 30, 2019) 1% Particulars (in $bn) (₹ in 000’ Cr) 4% Term debt 5.6 38.5 Term Loans-INR Working capital 0.6 4.1 Bonds-INR 34% Short term borrowing 2.4 16.6 Term Loans-USD
Slide 53: EBITDA Bridge (Q4 FY 2019 vs. Q1 FY 2020)
EBITDA Bridge (Q4 FY 2019 vs. Q1 FY 2020) (In ₹ crore) HZL (259) Aluminum (201) ESL (140) Oil & Gas 130 Oil & Gas (92) ZI (79) 447 139 49 6,562 6,330 27 567 518 289 5,188 Market & Regulatory Operational ₹ 232 crore ₹ (1,085) crore Q4 FY 19 LME/ Brent / Input Currency Regulatory & Adjusted EBITDA Vol
Slide 54: Segment Summary – Zinc India
Segment Summary – Zinc India Q1 Q4 Full year Production (in ’000 tonnes, or as stated) FY 2020 FY 2019 % change YoY FY2019 FY 2019 Mined metal content 213 212 1% 245 936 Integrated metal 219 214 3% 227 894 Refined Zinc – Integrated 172 172 - 175 696 Refined Lead – Integrated1 48 42 13% 53 198 Refine
Slide 55: Segment Summary – Zinc International
Segment Summary – Zinc International Q1 Q4 Full year Production (in’000 tonnes, or as stated) FY 2020 FY 2019 % change YoY FY2019 FY 2019 Refined Zinc – Skorpion 18 10 76% 21 66 Mined metal content- BMM 19 15 24% 19 65 Mined metal content- Gamsberg* 23 - - 14 17 Total 60 25 - 54 148 Financials (In ₹
Slide 56: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q1 Q4 Full year Production (in boepd, or as stated) FY 2020 FY 2019 % change YoY FY2019 FY 2019 Average Daily Gross Operated Production 180,059 194,986 (8)% 187,063 188,784 Rajasthan 149,153 164,040 (9)% 152,825 155,903 Ravva 13,491 14,217 (5)% 15,067 14,890 Cambay 17,415
Slide 57: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q1 Q4 Full year Production (in boepd, or as stated) FY 2020 FY 2019 % change YoY FY2019 FY 2019 Average Daily Production Gross operated 180,059 194,986 (8)% 187,063 188,784 Oil 165,983 185,914 (11)% 172,859 178,207 Gas (Mmscfd) 84 54 55% 85 64 Non operated- Working intere
Slide 58: Segment Summary – Aluminium
Segment Summary – Aluminium Q1 Q4 Full year Particulars (in’000 tonnes, or as stated) FY 2020 FY 2019 % change YoY FY2019 FY 2019 Alumina – Lanjigarh 446 325 37% 424 1,501 Total Aluminum Production 471 482 (2)% 481 1,959 Jharsuguda-I 134 136 (2)% 135 545 Jharsuguda-II 1 199 204 (2)% 203 843 245kt Ko
Slide 59: Aluminium profitability
Aluminium profitability $/t Q4 ‘19 1,859 52 99 2,010 (784) (637) (388) (70) $131/t (171) (236) (276) Q1 ‘20 92 1,939 1,793 54 (712) (652) (400) (111) 64 (146) (269) (351) LME Ingot value Realisation Alumina Power Other Hot Conversion EBITDA Dep Int PBT premium addition Metal & others Note: Previous
Slide 60: Segment Summary – Power
Segment Summary – Power Q1 Q4 Full year Particulars (in million units) FY 2020 FY 2019 % change YoY FY2019 FY 2019 Total Power Sales 3,523 3,315 6% 3,336 13,331 Jharsuguda 267 164 63% 615 1,039 BALCO1 425 656 (35)% 409 1,984 HZL Wind Power 134 139 (4)% 77 449 TSPL 2,697 2,355 15% 2,235 9,858 Financi
Slide 61: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore Particulars (in million dry metric tonnes, or Q1 Q4 Full year as stated) FY 2020 FY 2019 % change YoY FY2019 FY 2019 Sales 1.2 1.4 (13)% 1.4 3.8 Goa 0.0 1.0 (98)% 0.0 1.3 Karnataka 1.2 0.4 - 1.4 2.6 Production of Saleable Ore 1.1 1.4 (22)% 0.9 4.4 Goa - 0.2 - - 0.2 Karnata
Slide 62: Segment Summary – Copper India
Segment Summary – Copper India Q1 Q4 Full year Production (in ’000 tonnes, or as stated) FY 2020 FY 2019 % change YoY FY 2019 FY 2019 Copper - Cathodes 16 24 (35)% 26 90 Financials (In ₹ crore, except as stated) Revenue 1,777 2,797 (36)% 2,803 10,739 EBITDA (66) (104) (23)% (69) (235) Copper LME Pri
Slide 63: Sales Summary
Sales Summary Sales volume Q1 FY 2020 Q1 FY 2019 Q4 FY 2019 FY 2019 Zinc-India Sales Refined Zinc (kt) 167 170 177 694 Refined Lead (kt) 47 42 52 198 Total Zinc-Lead (kt) 215 212 229 892 Silver (tonnes) 155 141 196 676 Zinc-International Sales Zinc Refined (kt) 17 10 26 66 Metal in Zinc Concentrate
Slide 64: Sales Summary
Sales Summary Q1 Q1 Q4 Sales volume Q1 Q1 Q4 Sales volume FY2019 FY 2019 FY 2020 FY 2019 FY 2019 Power Sales (mu) FY 2020 FY 2019 FY 2019 Iron-Ore Sales Jharsuguda 267 164 615 1,039 Goa (Mn DMT) - 1.0 - 1.3 TSPL 2,697 2,355 2,235 9,858 Karnataka (Mn DMT) 1.2 0.4 1.4 2.6 BALCO 2 425 656 409 1,984 HZL
Slide 65: 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 Q1 FY 2020 Commodity Average price EBITDA ($mn) Oil ($/bbl) 69 111 Zinc ($/t) 2,763 2
Slide 66: 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 67: Results Conference Call Details
Results Conference Call Details Results conference call is scheduled at 6:30 PM (IST) on July 26, 2019. The dial-in numbers for the call are given below: Event Telephone Number India: +91 7045671221 Earnings conference call on July 26, 2019 India – 6:30 PM (IST) Toll free: 1800 120 1221 Universal ac