Vedanta Limited · NSE:VEDL
Vedanta — Q3 FY2022 Earnings Presentation
73 slides from Vedanta's earnings presentation, Jan 28, 2022
Slide 1: Outcome of Board Meeting letter to exchanges
VEDL/Sec./SE/21‐22/139 January 28, 2022 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 Sub: Outcome of the Board Meeting held
Slide 2: Unaudited Consolidated Results, Quarter and Nine Months ended 31 Dec 2021
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 CONSOLIDATED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2021 (₹ in Cr
Slide 3: Consolidated Results (continued)
(₹ in Crore, except as stated) Quarter ended Nine months ended Year ended 31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021 S. No. Particulars (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 13 Other Comprehensive (Loss)/ Income i. (a) Items that will not be rec
Slide 4: Consolidated Segment Information
(₹ in Crore, except as stated) Quarter ended Nine months ended Year ended 31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021 S. No. Segment information (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment Revenue a) Zinc, Lead and Silver (i) Zinc & Lead - In
Slide 5: Segment Liabilities
(₹ in Crore, except as stated) Quarter ended Nine months ended Year ended 31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021 S. No. Segment information (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 4 Segment liabilities a) Zinc, Lead and Silver - India 5,736 5,
Slide 6: Notes to Consolidated Results
Notes:- 1 The above consolidated results of Vedanta Limited ("the Company") and its subsidiaries ("the Group"), jointly controlled entities, and associates for the quarter and nine months ended 30 December 2021 have been reviewed by the Audit and Risk Management Committee at its meeting held on 27 J
Slide 7: Notes: Rajasthan PSC audit exceptions
One of the conditions for extension relates to notification of certain audit exceptions raised for FY 16-17 as per PSC provisions and provides for payment of amounts, if such audit exceptions result into any creation of liability. In connection with the said audit exceptions, a demand of ₹ 2,707 Cro
Slide 8: Unaudited Standalone Results
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 NINE MONTHS ENDED 31 DECEMBER 2021 (₹ in Cror
Slide 9: Standalone Segment Information
(₹ in Crore) Quarter ended Nine months ended Year ended 31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021 S. No. Segment information (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Segment revenue a) Oil & Gas 1,672 1,544 1,032 4,555 2,691 4,086 b) Aluminium 9
Slide 10: Notes to Standalone Results
Notes:- 1 The above results of Vedanta Limited ("the Company"), for the quarter and nine months ended 31 December 2021 have been reviewed by the Audit and Risk Management Committee at its meeting held on 27 January 2022 and approved by the Board of Directors at its meeting held on 28 January 2022. T
Slide 11: Additional disclosures under Regulation 52(4)
8 Additional disclosures as per Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015: Quarter ended Nine months ended Year ended 31.12.2021 30.09.2021 31.12.2020 31.12.2021 31.12.2020 31.03.2021 Particulars (Unaudited) (Un
Slide 12: Independent Auditor's Review Report (Consolidated)
12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000 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 Obligations and Disc
Slide 13: Emphasis of Matter
Emphasis of Matter 6. We draw attention to note 5 of the accompanying consolidated financial results which describes the uncertainty arising out of the demands that have been raised on the Group, with respect to government’s share of profit oil by the Director General of Hydrocarbons and one of the
Slide 14: Auditor Report: Other Matters
1 unincorporated joint venture not operated by the group; whose financial statements includes the Group’s share of total assets of Rs. 102 crores as at December 31, 2021. The unaudited interim financial results and other unaudited financial information of the these have been approved and furnished
Slide 15: Annexure 1: List of Subsidiaries
Annexure 1 to our report dated January 28, 2022 on the consolidated financial results of Vedanta Limited for quarter ended December 31, 2021 List of subsidiaries/associates/ joint ventures Subsidiaries S. No. Name 1 Bharat Aluminium Company Limited (BALCO) 2 Copper Mines of Tasmania Pty Limited (CMT
Slide 16: Annexure: Subsidiaries, Associates, Joint Ventures
S. No. Name 46 Ferro Alloy Corporation Limited (FACOR) 47 Facor Power Limited (FPL) 48 Facor Realty and Infrastructure Limited 49 Hindustan Zinc Alloy Private Limited 50 Desai Cement Company Private Limited (DCCPL) * Sterlite (USA) Inc. has been dissolved w.e.f. 20th December 2021 ** Cairn South Afr
Slide 17: Independent Auditor's Review Report (Standalone)
12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai - 400 028, India Tel: +91 22 6819 8000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and
Slide 18: Other Matter
Other Matter 6. We did not audit the financial results and other financial information in respect of an unincorporated joint venture not operated by the Company, whose Ind AS financial results include total assets of Rs 102 Crore as at December 31, 2021. The Ind AS financial results and other financ
Slide 19: Consolidated Results for the 3rd Quarter and Nine months
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 28th Jan 2022 Vedanta Limited Consolidated Results for the 3rd Quarter and Nine months
Slide 20: Results for the Quarter ended 31st Dec 2021
Results for the Quarter ended 31st Dec 2021 Mumbai, India: Vedanta Limited today announced its unaudited consolidated results for the third quarter (Q3) and nine months ended 31st December 2021. Financial Highlights Q3 FY2022 • Revenue of ₹ 33,697 crore, up 50% Y-o-Y • EBITDA of ₹ 10,938 crore, up b
Slide 21: ESG Journey: Transforming for Good
Results for the Quarter ended 31st Dec 2021 ESG Journey: Transforming for Good Actions in support of the Greater Good • ESG Transformation Program ✓ Supported by the three pillars of o Transforming Communities o Transforming the Planet o Transforming the Workplace Net Zero by 2050 or sooner • RENEWA
Slide 22: Other Critical ESG Actions
Results for the Quarter ended 31st Dec 2021 Other Critical ESG Actions • Water: Net water positive by 2030 o Onboarded Agency for water positivity roadmap, water accounting across BUs o High impact initiatives – Ash-pond water reuse at Aluminium; Rainwater harvesting at Cairn; STP water usage at HZL
Slide 23: Operational Highlights Q3 FY2022
Results for the Quarter ended 31st Dec 2021 Operational Highlights Q3 FY2022 • Aluminium: o Record Aluminium production of 578kt, up 16% Y-o-Y o Alumina production of 472kt, up 16% Y-o-Y • Zinc India o Record refined metal production of 261kt, up 11% Y-o-Y o Mined metal production of 252kt, up 3% Y-
Slide 24: Consolidated Financial Performance
Results for the Quarter ended 31st Dec 2021 Consolidated Financial Performance The consolidated financial performance of the company during the period is as under: (In ₹ crore, except as stated) Q3 % Q2 % 9M Particulars FY2022 FY2021 Change FY2022 Change FY2022 FY2021 Net Sales/Income from operation
Slide 25: Revenue and EBITDA commentary
Results for the Quarter ended 31st Dec 2021 Revenue Revenue for Q3 FY2022 was at ₹ 33,697 crore, higher by 50% Y-o-Y, primarily supported by improved commodity prices and higher sales volume across businesses, partially offset by lower sales volume at Zinc International and Iron & Steel business. Re
Slide 26: Finance cost, exceptional items, taxes and EPS
Results for the Quarter ended 31st Dec 2021 Finance cost for Q3 FY2022 was up by 14% Q-o-Q, mainly due to higher average borrowings and amortization of finance cost. Investment Income for Q3 FY2022 was at ₹ 516 crore, down by 33% Y-o-Y and 11% Q-o-Q, due to Mark to Market movement and change in Inve
Slide 27: Key Recognitions
Results for the Quarter ended 31st Dec 2021 Key Recognitions Vedanta has been consistently recognized through the receipt of various awards and accolades. During the past quarter, we received the following recognitions: 1. Hindustan Zinc’s Dariba Smelting Complex won the Prestigious ‘CII-National Aw
Slide 28: Results Conference Call
Results for the Quarter ended 31st Dec 2021 Results Conference Call Please note that the results presentation is available in the Investor Relations section of the company website https://www.vedantalimited.com/Pages/FinancialReports.aspx Following the announcement, a conference call at 6:00 PM (IST
Slide 29: About Vedanta Limited
Results for the Quarter ended 31st Dec 2021 About Vedanta Limited: Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power acros
Slide 30: Q3 FY2022 Earnings Presentation
VEDANTA LIMITED INVESTOR PRESENTATION 28th Jan 2022 Q3 FY2022 Earnings Presentation Sensitivity: Internal (C3)
Slide 31: 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 32: Contents
Contents Section Presenter Page Q3 FY22 Review & Business Update Sunil Duggal, CEO 4 Financial Update Ajay Goel, Acting CFO 20 Appendix 26 VEDANTA LIMITED – Q3 FY2022 INVESTOR PRESENTATION 3 Sensitivity: Internal (C3)
Slide 33: Q3 FY2022 Review and Business Update
VEDANTA LIMITED INVESTOR PRESENTATION Q3 FY2022 Q3 FY2022 Review and Business Update Sunil Duggal Group CEO & Chief Safety Officer Sensitivity: Internal (C3)
Slide 34: Strong Growth Momentum Continues
Strong Growth Momentum Continues ▪ Aluminium became the LARGEST INDUSTRIAL CONSUMER OF RE1 in India ▪ Jharsuguda collaborates with GEAR India for INDIA’S LARGEST E-Forklift Fleet Environment, ▪ Improved MSCI rating to B (earlier CCC) and CDP rating to B (earlier B-) Sustainability ▪ Board has approv
Slide 35: Key Operational Highlights
Key Operational Highlights Q3 FY2022 9M FY2022 ✓ Aluminium, record aluminium* production of 578kt ✓ Aluminium, highest aluminium* production of ✓ Zinc India, record refined metal production of 261kt ~1.70 Mnt and alumina production of ~1.47 Mnt ✓ Zinc International, Gamsberg production at 41kt ✓ Zin
Slide 36: ESG Purpose: Transforming for good
ESG Purpose: Transforming for good ESG purpose Transforming for good 1 2 3 Pillars Transforming Communities Transforming the Planet Transforming the Workplace ▪ Aim 1. Keep community ▪ Aim 4. Net-carbon ▪ Aim 7. Prioritizing welfare at the core of neutrality by 2050 or safety and health of Commitmen
Slide 37: Transforming for Good: Actions in support of the greater good
Transforming for Good: Actions in support of the greater good Net Zero by 2050 or sooner 1. RENEWABLE ENERGY | 2.5 GW RTC by 2030; reducing 25% absolute GHG emissions ▪ 500 MW Round-the-Clock RE power purchase under final approvals ▪ Vedanta becomes largest industrial consumer of Renewable Energy in
Slide 38: Other critical ESG actions and rating improvements
Transforming for Good: Actions in support of the greater good Other critical ESG actions ESG Rating Improvements 1. WATER | Net water positive by 2030 a. Onboarded Agency for water positivity roadmap, water accounting across BUs ESG rating(1) 44.1 b. High impact initiatives - Ash pond water reuse at
Slide 39: Prioritizing safety and health of all employees
Transforming for Good: Prioritizing safety and health of all employees ▪ 2 fatalities in Q3 Fatality - Trend ▪ HZL – Zawar ▪ VZI – BMM Swartberg Mine 9 8 7 7 ▪ CEOs are driving critical risks across Vedanta and DuPont Sustainability Solutions onboarded for implementation of Critical Risk Management.
Slide 40: Aluminium: Success Continues; Growing Value in Dynamic World
Aluminium: Success Continues; Growing Value in Dynamic World Highest Ever Aluminium Production Alumina Production and COP 2,055 282 290 230 277 1,747 249 1,647 1,387 1,315 1,104 976 876 565 469 497 570 578 1,438 1,697 407 511 472 1,345 1,465 Q3 FY21 Q2 FY22 Q3 FY22 9M FY21 9M FY22 Q3 FY21 Q2 FY22 Q3
Slide 41: Aluminium: Forward & backward integration
Aluminium: Focus on forward & backward integration to bring structural changes & reduce market induced volatility $~650-750/t COP $/t 2,055 1,675-1,775 c. 1,300 – 1,400 Q3FY22 FY22e Target 2-3 years Captive Alumina 43% 43%→45% 100% Captive Coal 0% 0% 100% VAP 36% 35%→40% 80-90% ✓ Alumina: Optimised
Slide 42: Zinc India: Future-ready Mines to Drive Growth
Zinc India: Future-ready Mines to Drive Growth Key Highlights Q3: Mined metal Production (kt) 684 722 ▪ Mine metal production up 3% y-o-y and 2% q-o-q 244 248 252 ▪ Record refined metal production; up 11% y-o-y and 25% q-o-q Q3 FY21 Q2 FY22 Q3 FY22 9M FY21 9M FY22 Metal Production and COP ▪ Silver P
Slide 43: Zinc International: Gamsberg Positioning for Long Term Value Creation
Zinc International: Gamsberg Positioning for Long Term Value Creation Key Highlights Gamsberg: Gamsberg Key Levers of Q4 Performance ▪ Q3 production down 5% y-o-y due to lower Zinc 575 519 recovery and up 6% q-o-q on account of higher tons Zinc Reagent treatment Lead skid rougher pump box upgrade ex
Slide 44: Oil & Gas: Stable Operations, Focus on Growth Projects
Oil & Gas: Stable Operations, Focus on Delivery of Growth Projects Operations Development Projects ▪ Production: Y-O-Y 9M average production rate up ▪ Mangala Infill : 10 new wells online from 161 Kboepd to 163 kboepd ▪ Tight Oil (ABH): 5 well program commenced ▪ Tight Gas (RDG): 27 well program com
Slide 45: Iron ore: Continued Performance Growth Trajectory
Iron ore: Continued Performance Growth Trajectory Sustaining growth at Karnataka Key Highlights Q3: ▪ Karnataka sales up 24% y-o-y and 22% q-o-q 4.0 ▪ VAB production up 39% y-o-y and down 3% q-o-q Sales (Mnt) 3.0 1.5 ▪ VAB margin down 49% y-o-y and 48% q-o-q due to 1.2 1.2 lower pig iron prices and
Slide 46: ESL Steel: Towards Long Term Organic Growth
ESL Steel: Towards Long Term Organic Growth Consistent Performance Key Highlights Q3: 111 ▪ Record Hot Metal production post acquisition, up 72 71 2% y-o-y and 20% q-o-q 83 32 ▪ Sinter plant and Blast Furnace have stabilized in 340 293 350 868 933 Q3 resulting improved Hot Metal production Q3 FY21 Q
Slide 47: FACOR: Delivering Stronger Growth
FACOR: Delivering Stronger Growth Strong Performance Continues Key Highlights Q3: 655 ▪ Achieved highest quarterly Fe Chrome production; 590 555 plant productivity enhancement by ~5% 58 50 ▪ EBITDA margin 5x y-o-y and down 10% q-o-q 112 18 19 20 77 majorly impacted by high coke prices Q3 FY21 Q2 FY2
Slide 48: Strategy to Enhance Long Term Value
Strategy to Enhance Long Term Value Continue Focus on World Class ESG Performance Augment Our Reserves & Resources Base Operational Excellence and Cost Leadership Optimise Capital Allocation & Maintain Strong Balance Sheet Delivering on Growth Opportunities VEDANTA LIMITED – Q3 FY2022 INVESTOR PRESE
Slide 49: Finance Update
VEDANTA LIMITED INVESTOR PRESENTATION Q3 FY2022 Finance Update Ajay Goel Acting Chief Financial Officer Sensitivity: Internal (C3)
Slide 50: Financial snapshot Q3 FY 2022
Financial snapshot Q3 FY 2022 Revenue EBITDA EBITDA Margin 1 Attributable PAT (before exceptional items) ₹ 33,697 cr ₹ 10,938 cr 37% ₹ 4,189 cr Up 50% y-o-y Up 42% y-o-y Industry leading margin Up 27% y-o-y ROCE 2 Cash and Cash ND ND/EBITDA equivalents c.25% ₹ 25,207 cr ₹ 27,576 cr 0.7x Up ~1,250 bp
Slide 51: EBITDA Bridge (Q3 FY2022 vs. Q3 FY2021)
EBITDA Bridge (Q3 FY2022 vs. Q3 FY2021) (In ₹ crore) Al 3,753 HZL, ZI 1,277 Cairn 785 IOB, ESL 599 Facor 98 Cairn 163 HZL, ZI 70 Al 62 6,542 IOB, ESL 43 2,937 11,476 487 1,417 272 97 - 391 10,938 7,695 Al (843) HZL,ZI (246) IOB, ESL (168) Cairn (123) Al 369 Market & Regulatory HZL,ZI 170 ₹ 3,781 cro
Slide 52: EBITDA Bridge (Q3 FY2022 vs. Q2 FY2022)
EBITDA Bridge (Q3 FY2022 vs. Q2 FY2022) (In ₹ crore) HZL, ZI 579 Aluminum 474 Cairn 92 Cairn 62 IOB, ESL (26) Al 19 1,142 1,655 975 344 10,938 10,582 247 71 10,245 62 HZL 721 TSPL 185 Market & Regulatory IOB 76 ₹ (337) crore 10,876 Al (276) Cairn (58) HZL, ZI (48) ESL 36 Q2 FY22 LME/ Brent / Input C
Slide 53: Net Debt for Q3 FY2022
Net Debt for Q3 FY2022 (In ₹ crore) 1,429 27,576 Inventory, Debtors & Others (1,984) 7,678 Creditors/ Customers Advance (1,050) 20,389 8,423 3,469 3,034 FCF Post Capex ₹ 1,920 Cr CF from WC Capex Dividend Translation Net Debt Net Debt Operations Movements & Others* 31st Dec’21 30th Sep’21 (Incl Buye
Slide 54: Balance Sheet and Debt Breakdown
Balance Sheet and Debt Breakdown Net Debt / EBITDA – Maintained at low level Debt Breakdown (as of 31st Dec 2021) 1.1 1.0 0.9 0.9 Debt breakdown as of 0.7 (in $bn) (₹ in 000’ Cr) 31st Dec 2021 Term debt 6.3 46.8 FY'18 FY'19 FY'20 FY'21 Q3 FY'22 Working capital 0.4 2.9 Short term borrowing 0.4 3.1 ▪
Slide 55: Appendix
VEDANTA LIMITED INVESTOR PRESENTATION Q3 FY2022 Appendix Sensitivity: Internal (C3)
Slide 56: Income Statement
Income Statement Depreciation & Amortization Q3 Q3 Q2 In ₹ Crore ▪ Q-o-Q higher mainly due to higher capitalization at FY’22 FY’21 FY’22 Aluminium and Zinc India business, partially offset by Revenue from operations 33,697 22,498 30,048 lower ore production at Zinc International Other operating inco
Slide 57: Entity Wise Cash and Debt
Entity Wise Cash and Debt (In ₹ crore) Dec 31, 2021 Sep 30, 2021 Dec 31, 2020 Company Cash & Cash & Cash & Debt Net Debt4 Debt Net Debt4 Debt Net Debt4 Cash Eq4 Cash Eq4 Cash Eq4 Vedanta Limited Standalone 35,065 3,393 31,671 30,462 1,697 28,765 33,824 2,993 30,831 Cairn India Holdings 2,682 2,773 (
Slide 58: Funding Sources and Term Debt Maturities
Funding Sources and Term Debt Maturities Diversified Funding Sources for Term Debt of $6.3bn Term Debt Maturities : ₹ 46,790 Cr ($6.3bn) (as of 31st Dec 2021) (as at 31st Dec’21) 0% 57% Term Loans-INR 26.7 9% Bonds-INR 8.3 18% 21% Term Loans- USD/Foreign Currency 18% ₹ ‘000 Crore Bonds-FC 4% 9.8 8.3
Slide 59: Segment Summary – Zinc India
Segment Summary – Zinc India Q3 Q2 9M Production (in ’000 tonnes, or as stated) FY 2022 FY 2021 % change YoY FY2022 FY 2022 Mined metal content 252 244 3% 248 722 Integrated metal 261 235 11% 209 707 Refined Zinc – Integrated 214 182 17% 162 565 Refined Lead – Integrated1 47 52 (10)% 47 142 Refined
Slide 60: Segment Summary – Zinc International
Segment Summary – Zinc International Q3 Q2 9M Production (in’000 tonnes, or as stated) FY 2022 FY 2021 % change YoY FY2022 FY 2022 Mined metal content- BMM 11 16 (28)% 16 42 Mined metal content- Gamsberg 41 43 (5)% 39 126 Total 52 59 (11)% 55 168 Financials (In ₹ Crore, except as stated) Revenue 1,0
Slide 61: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q3 Q2 9M OIL AND GAS (boepd) FY 2022 FY 2021 % change YoY FY2022 FY 2022 Average Daily Gross Operated Production (boepd) 159,230 159,621 0% 165,327 163,146 Rajasthan 136,795 132,174 3% 141,766 139,452 Ravva 14,457 16,770 (14)% 14,282 14,466 Cambay 7,906 10,677 (26)% 9,279
Slide 62: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q3 Q2 9M OIL AND GAS (boepd) FY 2022 FY 2021 % change YoY FY2022 FY 2022 Average Daily Production Gross operated 159,230 159,621 0% 165,327 163,146 Oil 133,731 136,687 (2)% 138,121 137,267 Gas (Mmscfd) 153 138 11% 163 155 Non-operated- Working interest 550 432 27% 546 542
Slide 63: Segment Summary – Aluminium
Segment Summary – Aluminium Q3 Q2 9M Particulars (in’000 tonnes, or as stated) FY 2022 FY 2021 % change YoY FY2022 FY 2022 Alumina – Lanjigarh 472 407 16% 511 1,465 Total Aluminum Production* 578 497 16% 570 1,697 Jharsuguda-I 138 132 4% 138 413 Jharsuguda-II* 294 218 35% 285 846 245kt Korba-I 67 68
Slide 64: Aluminium profitability
Aluminium profitability $/t Q2 FY22 2,648 102 98 2,848 (688) (554) (406) (97) 1,104 (134) (285) 684 1,647 Q3 FY22 2,055 109 130 3,001 2,762 756 833 466 70 876 137 262 477 245 LME Ingot Value Other Realisation Alumina Power Conversion EBITDA Dep Int PBT Premium addition Hot & Others Metal VEDANTA LIM
Slide 65: Segment Summary – Power
Segment Summary – Power Q3 Q2 9M Particulars (in million units) FY 2022 FY 2021 % change YoY FY2022 FY 2022 Total Power Sales 3,448 2,066 67% 2,904 9,069 Jharsuguda 755 784 (4)% 760 2060 BALCO 279 395 (29)% 199 888 HZL Wind Power 59 67 (13)% 155 348 TSPL 2,355 820 187% 1,790 5,773 Financials (in ₹ c
Slide 66: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore Particulars (in million dry metric tonnes, or Q3 Q2 9M as stated) FY 2022 FY 2021 % change YoY FY2022 FY 2022 Sales 1.5 1.8 (13)% 1.3 4.5 Goa 0.1 0.6 (90)% 0.1 0.5 Karnataka 1.5 1.2 24% 1.2 4.0 Production of Saleable Ore 1.2 1.4 (14)% 1.3 4.0 Goa Karnataka 1.2 1.4 (14)% 1.
Slide 67: Segment Summary – FACOR and Copper Business
Segment Summary – FACOR* Q3 Q2 9M Particulars (in ‘000 tonnes, or as stated) FY 2022 FY 2021 % change YoY FY2022 FY 2022 Total Production Ore Production 59 43 37% 24 206 Ferrochrome Production 20 18 13% 19 58 Financials (In ₹ crore, except as stated) Revenue 229 123 86% 210 609 EBITDA 88 15 - 93 243
Slide 68: Sales Summary
Sales Summary Sales volume Q3 FY2022 Q3 FY2021 Q2 FY2022 9M FY2022 Zinc-India Sales Refined Zinc (kt) 212 182 164 563 Refined Lead (kt) 47 53 47 142 Total Zinc-Lead (kt) 259 235 211 706 Silver (tonnes) 173 183 152 485 Zinc-International Sales Zinc Refined (kt) - - - - Zinc Concentrate (MIC) 45 51 45
Slide 69: Sales Summary
Sales Summary Q3 Q3 Q2 9M Sales volume Q3 Q3 Q2 9M Sales volume Power Sales (mu) FY 2022 FY 2021 FY 2022 FY 2022 FY 2022 FY 2021 FY 2022 FY 2022 Iron-Ore Sales Jharsuguda 755 784 760 2,060 Goa (Mn DMT) 0.1 0.6 0.1 0.5 TSPL 2,355 820 1,790 5,773 BALCO 279 395 199 888 Karnataka (Mn DMT) 1.5 1.2 1.2 4.
Slide 70: Currency and Commodity Sensitivities
Currency and Commodity Sensitivities Foreign Currency - Impact of ₹ 1 depreciation in FX Rate Currency Increase in EBITDA INR/USD ~ ₹ 950crore / year Commodity prices – Impact of a 10% increase in Commodity Prices 9M YTD FY 22 Impact on Commodity Average price EBITDA ($mn) Oil ($/bbl) 74 50 Zinc ($/
Slide 71: Awards & Recognition in Q3 FY22
Awards & Recognition in Q3 FY22 Name of Awards Category/ Recognition Recipient (Business Unit) Dariba Smelting Complex, Hindustan CII-National Awards Excellence in Water Management Zinc Gold and Silver award Kalinga Environment Excellence Award, 2020 Vedanta Ltd., Jharsuguda SABERA Award 2021 Respon
Slide 72: Group Structure
Group Structure Vedanta Resources Ltd Divisions of Vedanta Limited 79.4% 69.7% ⚫ 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% 95.5%
Slide 73: Results Conference Call Details
Results Conference Call Details Results conference call is scheduled at 6:00 PM (IST) on Jan 28, 2022. The dial-in numbers for the call are given below: Event Telephone Number Earnings conference call Universal Dial-In +91 22 6280 1114 on Jan 28, 2022 +91 22 7115 8015 from 6:00 - 7:00 PM (IST) India