Slide 1: Outcome of Board Meeting May 13, 2021
~ ~ vedanta transforming elements VEDL/Sec./SE/21-22/23 May 13, 2021 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 Report on Consolidated Results
12th Floor, The Ruby S.R. BArL1Bo1 & Co. LLP 29 Senapati Bapat Marg Dadar (West) Chartered Accountants Mumbai - 400 028, India Tel: +91 22 6819 8000 Independent Auditor’s Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI
Slide 3: Management's Responsibilities for Consolidated Financial Results
S.R. BATLIBOI & Co. LLP Chartered Accountants Management’s Responsibilities for the Consolidated Financial Results The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company’s Board of Directors are responsible for the preparation and presentati
Slide 4: Auditor's Responsibilities
S.R. BATLIBOI & Co. LLP Chartered Accountants • Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriat
Slide 5: Other Matters
S.R. BArL1Bo1 & Co. LLP Chartered Accountants • 1 associate and 3 joint ventures, whose financial statements includes the Group’s share of net loss of Rs. Nil and Group’s share of total comprehensive loss of Rs. Nil for the quarter and for the year ended March 31, 2021 respectively; • 1 unincorporat
Slide 6: Annexure: List of Subsidiaries, Associates, Joint Ventures
S.R. BATLIBOI & Co. LLP Chartered Accountants Annexure 1 List of subsidiaries/associates/ joint ventures Subsidiaries S. No. Name 1 Bharat Aluminium Company Limited (BALCO) 2 Copper Mines of Tasmania Pty Limited (CMT) 3 Fujairah Gold FZE 4 Hindustan Zinc Limited (HZL) 5 Monte Cello BV (MCBV) 6 Sesa
Slide 7: Annexure: Subsidiaries, Associates and Joint Ventures (continued)
S.R. BATLIBOI & Co. LLP Chartered Accountants S. No. Name 47 Avanstrate (Korea) Inc 48 Avanstrate (Taiwan) Inc 49 Electrosteel Steels Limited 50 Lisheen Mine Partnership 51 Vedanta Star Limited (Merged with Electrosteel Steel Limited during the year) Associates S. No. Name 1 RoshSkor Township (Propr
Slide 8: Statement of Audited Consolidated Results
~ vedanta Vedanta Limited CIN no. L13209MH1965PLC291394 ~- transforming elements Regd. Office: Vedanta Limited 1st Floor, 'C' wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai--400093, Maharashtra STATEMENT OF AUDITED CONSOLIDATED RESULTS FOR THE QUARTER AND YEAR ENDED
Slide 9: Consolidated Results: Other Comprehensive Income
(t in Crore except as stated) Quarter ended Year ended 31.03.2021 31.12.2020 31.03.2020 31.03.2021 31.03.2020 S.No. Particulars (Audited) (Unaudited) (Audited) (Audited) (Audited) 13 Other Comprehensive Income/ (Loss) (a) Items that will not be reclassified to profit or i. 5 13 (96) 62 (284) loss (b
Slide 10: Consolidated Segment Information
(' in Crore except as stated) Quarter ended Year ended 31.03.2021 31.12.2020 31.03.2020 31.03.2021 31.03.2020 S.No. Segment Information (Audited) (Unaudited) (Audited) (Audited) (Audited) 1 Segment Revenue a) Zinc, Lead and Silver (i) Zinc & Lead - India 5,349 4,745 3,692 17,550 15,715 (ii) Silver -
Slide 11: Segment Liabilities
~ in Crore except as stated) Quarter ended Year ended 31.03.2021 31.12.2020 31.03.2020 31.03.2021 31.03.2020 (Audited) (Unaudited) (Audited) (Audited) (Audited) S.No. Segment Information (Refer Note 2) (Refer Note 2) 4 Segment liabilities a) Zinc, Lead and Silver - India 5,929 4,697 5,996 5,929 5,99
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet (~ in Crore) As at 31.03.2021 As at 31.03.2020 Particulars (Audited) (Audited) A ASSETS 1 Non-current assets (a) Property, Plant and Equipment 89,429 88,022 (b) Capital work-in-progress 13,880 16,837 (c) Intangible assets 1,041 882 (d) Exploration intangible assets under d
Slide 13: Consolidated Statement of Cash Flows
Vedanta Limited Consolidated statement of cash flows for the year ended March 31, 2021 (fin Crore) Year ended Year ended Particulars March 31, 2021 March 31, 2020 (Audited) (Audited) CASH FLOWS FROM OPERATING ACTIVITIES Profit/(loss) before taxation 17,213 (8,259) Adjustments for: Depreciation, depl
Slide 14: 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 year ended March 31, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors in their respectiv
Slide 15: Notes: Audit Exceptions and PSC Matters
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 ofliability. In connection with the said audit exceptions, a demand of US$ 364 mill
Slide 16: Notes: Loans to VRL Subsidiaries
8 In June 2020, as part of its cash management activities, the Company's overseas subsidiaries had extended certain loans and guarantee facilities to VRL and its subsidiaries, which were drawn over a period of time carrying interest ranging from 3% to 7% and guarantee fee at 1%. In October 2020, cer
Slide 17: Independent Auditor's Report on Standalone Results
12th Floor, The Ruby S.R. BArL1Bo1 & Co. LLP 29 Senapati Bapat Marg Dadar (West) Chartered Accountants Mumbai - 400 028, India Tel: +91 22 6819 8000 Independent Auditor’s Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52
Slide 18: Management's Responsibilities for Standalone Results
S.R. BATLIBOI & Co. LLP Chartered Accountants Management’s Responsibilities for the Standalone Financial Results The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of t
Slide 19: Auditor's Responsibilities and Other Matter
S.R. BArL1Bo1 & Co. LLP Chartered Accountants • Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation. We communicate with those cha
Slide 20: Statement of Audited Standalone Results
- vedanta Vedanta Limited transforming elements 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 AUDITED STANDALONE RESULTS FOR IBE QUARTER AND YEAR ENDED MARC
Slide 21: Standalone Segment Information
(' in Crore) Quarter ended Year ended 31.03.2021 31.12.2020 31.03.2020 31.03.2021 31.03.2020 S.No. Segment Information (Audited) (Unaudited) (Audited) (Audited) (Audited) (Refer Note 2) (Refer Note 2) 1 Segment Revenue a) Oil&Gas 1,395 1,032 1,320 4,086 6,756 b) Aluminium 6,312 5,109 4,417 20,162 19
Slide 22: Standalone Balance Sheet
Balance Sheet (tin Crore) Asat As at Particulars 31.03.2021 31.03.2020 (Audited) (Audited) A ASSETS 1 Non-current assets (a) Property, Plant and Equipment 38,222 37,087 (b) Capital work-in-progress 9,096 11,027 (c) Intangible assets 27 31 (d) Exploration intangible assets under development 1,605 1,0
Slide 23: Standalone Statement of Cash Flows
Statement of Cash Flows (tin Crore) Year ended 31.03.2021 31.03.2020 Particulars (Audited) (Audited) CASH FLOWS FROM OPERATING ACTMTIES Profit/ (Loss) before tax 13,664 (10,463) Adjustments for: Depreciation, depletion and amortisation 2,543 3,321 Capital work-in-progress written off/ impairment cha
Slide 24: Standalone Statement of Cash Flows (financing)
Statement of Cash Flows (tin Crore) Year ended 31.03.2021 31.03.2020 Particulars (Audited) (Audited) CASH FLOWS FROM FINANCING ACTMTIES Repayment of short term borrowings (net) (8,726) (7,663) Proceeds from current borrowings 5,499 4,457 Repayment of current borrowings (6,908) (3,805) Proceeds from
Slide 25: Notes to Standalone Results
Notes:- 1 The above results of Vedanta Limited ("the Company''), for the quarter and year ended March 31, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at its respective meetings held on May 13, 2021. 2 These results have been prepared on the basis of the audi
Slide 26: Notes: Rajasthan PSC Extension
5 The Company operates an oil and gas production facility in Rajasthan under a Production Sharing Contract ("PSC"). The management is of the opinion that the Company is eligible for automatic extension of the PSC for Rajasthan ("RJ") block on same terms w.e.f. May 15, 2020, a matter which was being
Slide 27: Additional Disclosures under Regulation 52(4)
9 Additional disclosures as per Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirement) Regulations, 2015: a) Previous due date of Interest/Principal repayment are as follows. The actual payment was made on respective due dates. Previous Due D
Slide 28: Press Release: Consolidated Results Q4 and FY2021
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 13th May 2021 Vedanta Limited Consolidated Results
Slide 29: Operational Highlights FY2021
~- vedanta transforming elements Results for the Year Ended 31 March 2021 Operational Highlights FY2021 • Zinc India o Record ore production of 15.5 million tonnes despite disruptions on account of the pandemic o Highest ever mined metal production of 972kt, up 6% Y-o-Y o Record Silver production of
Slide 30: Consolidated Financial Performance
~- vedanta transforming elements Results for the Year Ended 31 March 2021 Mr Sunil Duggal, Chief Executive Officer, Vedanta, said “We are delighted to announce an outstanding quarter. Our key businesses delivered record operational performance, maintaining the trajectory of cost and volumes, driven
Slide 31: Revenue and EBITDA
~- vedanta transforming elements Results for the Year Ended 31 March 2021 Revenue Revenue for Q4 FY2021 was at ₹ 27,874 crore, higher 24% Q-o-Q & 43% Y-o-Y, primarily due to higher volume at Aluminium business, Zinc India, Iron ore business, higher power sales at TSPL and improved commodity prices.
Slide 32: Finance Cost, Investment Income, Exceptional Items
~- vedanta transforming elements Results for the Year Ended 31 March 2021 Finance Cost and Investment Income Finance cost for Q4 FY2021 was at ₹ 1,325 crore, flat Q-o-Q, higher interest cost due to lower interest capitalisation offset by repayment of borrowings. Finance cost for Q4 FY2021 higher 24%
Slide 33: Attributable PAT, EPS and Balance Sheet
~- vedanta transforming elements Results for the Year Ended 31 March 2021 Attributable Profit after Tax and Earnings per Share (EPS) Attributable Profit after Tax (PAT) before exceptional items for the quarter was at ₹ 7,013 crore. For FY2021, Attributable Profit after Tax (PAT) before exceptional i
Slide 34: Key Recognitions
~- vedanta transforming elements Results for the Year Ended 31 March 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: • Hindustan Zinc ranked 1st position in Asia Pacif
Slide 35: Results Conference Call
~- vedanta transforming elements Results for the Year Ended 31 March 2021 Results Conference Call Please note that the results presentation is available in the Investor Relations section of the company website http://www.vedantalimited.com/investor-relations/results-reports.aspx Following the announ
Slide 36: About Vedanta Limited
~- vedanta transforming elements Results for the Year Ended 31 March 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
Slide 37: Q4 & FY2021 Earnings Presentation
~ vedanta - transforming elements Q4 & FY2021 Earnings Presentation VEDANTA LIMITED INVESTOR PRESENTATION 13 May 2021 DESH Kl ZAROORATON KE LIYE ------, ATMANIRBHAR BHARAT KE LIYE Sensitivity: Internal (C3)
Slide 38: 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 39: Contents
Contents vedanta transforming elements Section Presenter Page Q4 & FY21 Review & Business Update Sunil Duggal, CEO 4 Financial Update Ajay Goel, Deputy CFO 23 Appendix 31 VEDANTA LIMITED – Q4 & FY2021 INVESTOR PRESENTATION 3 Sensitivity: Internal (C3)
Slide 40: Q4 & FY2021 Review and Business Update
~~vedanta ~ transforming elements Q4 & FY2021 Review and Business Update Sunil Duggal Group CEO & Chief Safety Officer DESH Kl ZAROORATON KE LIYE ------, ATMANIRBHAR BHARAT KE LIYE Sensitivity: Internal (C3)
Slide 41: Ideally Positioned with Attractive Commodity Mix
Ideally Positioned with Attractive Commodity Mix vedanta transforming elements Vedanta has unparalleled exposure to India, the world’s fastest growing major economy with excellent diversified exposure 2021 2030 CAGR World CAGR India demand Global demand GDP CAGR 2020–20302 CAGR 2020–20302 (real term
Slide 42: COVID-19 Response: Supporting Communities, Employees & Partners
COVID-19 Response: Supporting Communities, Employees & Partners _ vedanta transforming el ements Vedanta Cares 1,000 bed initiative in 10 locations across India will add Helping Community 10 ventilator-equipped beds, 90 oxygen-support beds in each location. Aluminium, Cairn, HZL have [6 Global Sta
Slide 43: Key Highlights: FY2021
Key Highlights: FY 2021 Production Cost of Production R&R Records Lower Advancing At Zinc India, Aluminium & Zinc Across all the businesses Enhancing life and R&R base International Reliability Technology & Digitalization COVID-19 Improved On Track Highest safety standards No major operational disru
Slide 44: Delivering Strong Operational Performance in Challenging Times
Delivering Strong Operational Performance in Challenging times vedanta transfor ming . elements Aluminium Zinc India Gamsberg 1,047 1,690 954 1,347 1,445 1,288 Strong 1,904 1,969 870 930 108 145 operational recovery FY20 Aluminium (kt) Record Production: FY21 COP ($/t) - FY20 Metal (kt) FY21 COP ($/
Slide 45: Heading Towards Zero Harm, Zero Waste, Zero Discharge
Heading Towards – Zero Harm, Zero Waste, Zero Discharge Safety Program Update Comprehensive focus on HSE at CEO and Group ExCo Level; Consequence Management program set up Focus on Learning and New Vedanta-wide Fatality Investigation Procedure Improvement Working groups focusing on critical ri
Slide 46: ESG is Core to Everything We Do
ESG is core to everything we do Achievements in FY 2021 On track to Achieve Vedanta’s Vision Water Savings of 2.03 mm3 Zero discharge across all our sites 1.86 million GJ Energy Savings 20% reduction in GHG emission intensity by 2025 from a 2012 baseline Reduced GHG emissions by 13.0 milli
Slide 47: Climate Change Roadmap
Climate Change Roadmap vedanta transforming elements Our Roadmap Signed "Declaration of the Private Sector on Climate Change" Appointed Director • Carbon to oversee Group [ Building Blocks to achieve Net-Zero Carbon Emissions ] deca rbonization strategy Constitution of the I" Carbon Forum Re ease of
Slide 48: Aluminium: Success Continues; Growing Value in Dynamic World
Aluminium: Success Continues; Growing Value in Dynamic World Aluminium Production & COP Performance Update 1,904 1,969 Quarter Performance: 1,451 1,387 1,433 Highest ever Aluminium production 531 kt*, up 12% y-o-y and 1,690 ■ ■ ■ 1,347 7% q-o-q 474 497 531 Aluminium COP $ 1,433/t, down 1% y-o-y
Slide 49: Alumina: Expanding Lanjigarh on Path to Vertical Integration
Alumina: Expanding Lanjigarh on path to Vertical Integration Grow Into Among One Of The Largest Single-location Alumina Refineries In The World 5 Capacity (Mtpa) 2 Expected Project Completion by Q1 FY2023 r r Present Target Strong Foundation for Expansion Finest Technical Mix of global & local bauxi
Slide 50: Zinc India: A Year Full of Achievements
Zinc India: A Year Full of the Achievements Sustained production post-transition to Performance Update fully UG mining company Highest ever Ore production of 15.5 million MT __________...[, - ____}- 19% UG CAGR Highest ever Mined Metal Delivered of 972kt, up 6% 223 972 Mined Metal in kt 426 936
Slide 51: Zinc India: Strategy in Practice for Executing Growth Imperatives
Zinc India: Strategy in Practice for Executing Growth Imperatives vedanta transforming elements Strengthen Cost Leadership Portfolio of Mines with Long Transition to a Circular Life Economy Digitalization Upgrading R&R through world Focus on technology and Autonomous vehicles class technolog
Slide 52: Zinc International: Gamsberg Positioning for Long Term Value Creation
Zinc International: Gamsberg Positioning for Long Term Value Creation Continued Performance Ramp Up Performance Update Quarter Performance: 1501,484 1,445 1500 1,350 Highest milled tonnes achieved at 961kt in Q4 and best 1300 displayed mill throughput at 522tph 100 1,246 1,288 1,240 1100 Highest
Slide 53: Zinc International: Gamsberg Ramp up Plan
Zinc International: Gamsberg Ramp up Plan vedanta transforming elements ~, 145kt ~------------------------------------~' 190-210kt FY21 > Four Key Priorities Going Forward .,, L------------------------------------1, > FY22e Mining Focused Concentrator Focused 1 2 3 4 Equipment Run-hours Additional R
Slide 54: Oil & Gas: Stable Operations, Focus on Delivery of Growth Projects
Oil & Gas: Stable Operations, Focus on Delivery of Growth Projects Operations Growth Projects OALP Gas Terminal: Ramp-up by Drilling: 15 well exploration Production: Increased to 165 ~15kboepd underway. Gas offtake kboepd in Q4 FY21 vs 160 kboepd drilling program commenced impacted by Covid in
Slide 55: Oil & Gas: Digitalisation & Partnering to Drive Efficiency & Recovery
Oil & Gas: Digitalisation & Partnering to Drive Efficiency & Recovery - vedanta transforming elements Digitalization to improve Technology to Solution based asset reliability accelerate recovery Partner Approach • Well interventions • Polymer & Water • Global EOI for solution & • Process Controls Ma
Slide 56: Iron Ore: Resilient Results in Extraordinary Times
Iron ore: Resilient Results in Extraordinary Times Capitalised opportunity of increased Global Value Added Business prices by increasing sales in Goa 2.1 Benefitted by domestic steel prices and International coal prices Mnt 0.8 0.9 Margin improvement through efficiency 0.6 0.6 enhancement projec
Slide 57: ESL Steel: Continuing Improvement Journey
ESL Steel: Continuing Improvement Journey Performance Update Capacity Expansion Plan in Pipeline Quarter Performance: Robust margin of $131/t, highest in FY21 Saleable Production of 319kt, flat y-o-y and down 6% q-o-q ( Doubling Hot Metal Capacity from 1.5 to 3 MTPA production ) Sales of 323
Slide 58: FACOR: Complete Turnaround Performance
FACOR: Complete Turnaround Performance Delivering Stronger Growth and Margins FY22 Growth Plan Ore Production in H2 increased by 105% vs H1 Targeting to increase Furnace Reduced ore procurement from third party to ZERO production by 10% by optimizing operation & better process control Fe chr
Slide 59: Finance Update
VEDANTA LIMITED INVESTOR PRESENTATION Q4 & FY2021 Finance Update Ajay Goel | Deputy Chief Financial Officer Sensitivity: Internal (C3)
Slide 60: Financial Snapshot Q4
Financial snapshot Q4 EBITDA Attributable PAT (before Gross Debt ND exceptional items) ₹ 9,107 cr ₹ 7,013cr ₹ 57,028 cr ₹ 24,414 cr 88% up Y-o-Y, highest ever Strong financial performance ~ 9% lower Q-o-Q ~32% lower Q-o-Q EBITDA Margin * ROCE # Cash & Cash Equivalents ND/EBITDA 38% c.19% ₹ 32,614cr
Slide 61: EBITDA Bridge (Q4 FY2021 vs. Q3 FY2021)
EBITDA Bridge (Q4 FY 2021 vs. Q3 FY 2021) vedanta transforming elements (In ₹ crore) Aluminium 850 Zinc, Lead & Silver 300 Cairn 369 ESL 196 IOB 178 Cairn (140) Power (121) l 318 - 1,893 295 638 384 166 44 9,171 9,107 7,695 Al (287) Cairn (59) __________ \.._ "V / Al HZL 202 33 IOB 95 Market & Regul
Slide 62: EBITDA Bridge (Q4 FY2021 vs. Q4 FY2020)
EBITDA Bridge (Q4 FY2021 vs. Q4 FY2020) vedanta - transforming elements (In ₹ crore) Aluminum 1,737 Oil & Gas 299 Oil & Gas (142) Zinc, Lead & Silver 1,519 FACOR 53 IOB 311 ESL 278 Power (116) 922 564 4,143 186 89 62 8,951 - Al ESL (490) (96) 202 9,107 HZL 30 4,844 TSPL (94) IOB 189 HZL 507 Market &
Slide 63: Net Debt for FY2021
Net Debt for FY 2021 vedanta - transforming elements (In ₹ crore) FCF post capex ₹ 13,821 Cr 215 478 24,414 7,007 21,426 9,109 Inventory ,Debtors 718 and others Creditors / Customers (3,279) advance 7,286 23,667 WC Inter co. Net Debt Net Debt CF from Capex Dividend FACOR Translation Movements loan t
Slide 64: Balance Sheet and Debt Breakdown
Balance Sheet and Debt Breakdown Net Debt / EBITDA – maintained at low level Debt Breakdown (as of 31st Mar 2021) 1.1 r--------.. 1.0 Debt breakdown as of 0.9 0.9 (in $bn) (₹ in 000’ Cr) 31st Mar 2021 0.4 Term debt 7.3 53.3 Working capital 0.2 1.4 FY'17 FY'18 FY'19 FY'20 FY'21 L-------- Short term b
Slide 65: Capex and Returns Profile
Capex and Returns Profile Growth CAPEX Profile, $bn ■ Oil & Gas ■ Zinc ■ Al & Power ■ Copper Other Optionality Full year Capex guidance 000000 0.7 1.0 1.2 1.5 1.2 0.7 1.1 1.1 0.1 0.2 0.8 0.8 0.1 0.7 0.1 0.5 0.1 0.6 0.1 0.3 0.2 0.2 0.3 0.1 0.5 0.3 0.2 0.3 0.1 0.2 0.1 0.1 0.5 0.5 0.2 0.4 FY2016 FY2017
Slide 66: Strategy to Enhance Long Term Value
Strategy to Enhance Long Term Value . vedanta transfor ming . elements 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 - VEDAN
Slide 67: Appendix
VEDANTA LIMITED Q4 & FY2021 Appendix Sensitivity: Internal (C3)
Slide 68: FY2022 Guidance
FY 2022 Guidance vedanta transforming elements Segment Production and COP Mined Metal and Finished Metal: 1,025 – 1,050 Kt Zinc India Silver: c. 720 tonnes COP: < $1,000/t excluding royalty BMM: ~70 – 80 Kt Zinc International Gamsberg: 190-210 kt COP: $1,100/t - $1,200/t Average Gross Volume: 175-18
Slide 69: Income Statement
Income Statement - vedanta transforming elements Depreciation & Amortization Q4 Q4 In ₹ Crore FY’21 FY’20 FY’21 FY’20 Lower majorly on account of Oil & Gas assets impairment in Q4 FY’20. Revenue from operations 86,863 83,545 27,874 19,513 Other operating income 1,158 902 332 242 Finance Cost EBITD
Slide 70: Project Capex
Project Capex (In $ mn) Spent up to Approved Spent in Unspent as at Capex in Progress Status Capex3 31 Mar’204 FY20214 31 Mar 20215 Cairn India1 – Mangala Infill, Liquid handling, Bhagyam & Aishwariya EOR, Tight Oil & Gas, OALP 2,522 1,144 181 1,197 etc Aluminium Sector Line 3: Fully capitalised Lin
Slide 71: Entity Wise Cash and Debt
Entity Wise Cash and Debt (In ₹ crore) Mar 31, 2021 Mar 31, 2020 Company Cash & Cash Cash & Cash Debt Net Debt Debt Net Debt5 Eq Eq5 Vedanta Limited Standalone 32,166 5,851 26,315 38,937 4,954 33,983 Cairn India Holdings Limited1&4 2,810 1,402 1,408 3,696 7,776 (4,081) Zinc India 7,178 22,308 (15,13
Slide 72: Funding Sources and Term Debt Maturities
Funding Sources and Term Debt Maturities _ vedanta transforming elements Diversified Funding Sources for Term Debt of $7.3bn Term Debt Maturities : ₹ 53,326 Cr ($7.3bn) (as at 31 Mar’21) (as of 31st Mar 2021) 1% D21.2 40% ■ Term Loans-INR 10% ■ Bonds-INR D 28 % 14.7 ■ Term Loans-USD/Foreign D18% 7.7
Slide 73: EBITDA Bridge (FY2021 vs. FY2020)
EBITDA Bridge (FY 2021 vs. FY 2020) - vedantatransform·mg elements (In ₹ crore) Cairn (1,630) Al 510 Cu 125 ASI 90 FACOR 69 Zinc, lead & Silver 1,243 Power 63 Aluminium 923 ESL & IOB 538 Cairn (1632) 1,243 786 907 27,341 2,091 108 25,901 21,060 1,072 - - 1,646 Al HZL Cairn 980 142 123 \.._ - - - - A
Slide 74: Segment Summary – Zinc India
Segment Summary – Zinc India Q4 Q3 Full year Production (in ’000 tonnes, or as stated) I FY 2021 I FY 2020 % change YoY FY2021 I FY 2021 I FY 2020 % change YoY Mined metal content 288 249 15% 244 972 917 6% Integrated metal 256 221 16% 235 930 870 7% Refined Zinc – Integrated 195 172 14% 182 715 688
Slide 75: Segment Summary – Zinc International
Segment Summary – Zinc International Q4 Q3 Full year Production (in’000 tonnes, or as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 FY 2020 % change YoY Refined Zinc – Skorpion 0 15 (100)% 0 1 67 (99)% Mined metal content- BMM 14 12 16% 16 58 66 (12)% Mined metal content- Gamsberg 41 30 38% 43
Slide 76: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q4 Q3 Full year OIL AND GAS (boepd) FY 2021 FY 2020 % change YoY FY2021 FY 2021 FY 2020 % change YoY Average Daily Gross Operated 165,000 160,838 3% 159,621 162,104 172,971 (6%) Production (boepd) Rajasthan 138,057 132,315 4% 132,174 132,599 144,260 (8%) Ravva 16,258 17,5
Slide 77: Segment Summary – Oil & Gas
Segment Summary – Oil & Gas Q4 Q3 Full year OIL AND GAS (boepd) I FY 2021 I FY 2020 % change YoY FY2021 I FY 2021 I FY 2020 % change YoY Average Daily Production Gross operated 165,000 160,838 3% 159,621 162,104 172,971 (6)% Oil 139,818 138,205 1% 136,687 140,353 154,677 (9)% Gas (Mmscfd) 151 136 11
Slide 78: Segment Summary – Aluminium
Segment Summary – Aluminium Particulars (in’000 tonnes, or as Q4 Q3 Full year stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 FY 2020 % change YoY Alumina – Lanjigarh 496 479 4% 407 1,841 1,811 2% Total Aluminum Production 531 474 12% 497 1,969 1,904 3% Jharsuguda-I 137 133 3% 132 533 543 (2)% J
Slide 79: Aluminium Profitability
Aluminium profitability veda~!~ements transform $/t Q3 ‘FY21 1,916 43 68 2,027 (603) (484) (300) (76) 565 (136) (323) 105 1,387 Q4 ‘FY21 1,433 2,096 59 71 2,226 616 494 - 323 101 692 131 245 - 298 263 LME Ingot Value Other EBITDA Realisation Alumina Power Conversion Dep Int PBT Premium addition Hot
Slide 80: Segment Summary – Power
Segment Summary – Power Q4 Q3 Full year Particulars (in million units) % change % change FY 2021 FY 2020 FY2021 FY 2021 FY 2020 YoY YoY Total Power Sales 3,352 2,107 59% 2,066 11,261 11,162 1% Jharsuguda 558 482 16% 784 2,835 776 - BALCO 380 460 (17)% 395 1,596 1,726 (7)% HZL Wind Power 65 71 (8)% 6
Slide 81: Segment Summary – Iron Ore and Steel
Segment Summary – Iron Ore Particulars (in million dry metric tonnes, or Q4 Q3 Full year as stated) FY 2021 FY 2020 % change YoY FY2021 FY 2021 FY 2020 % change YoY Sales 2.2 2.3 (4)% 1.8 6.5 6.6 (2)% Goa 0.8 0.6 - 0.6 2.1 0.9 - Karnataka 1.4 1.6 (13)% 1.2 4.4 5.8 (24)% Production of Saleable Ore 1.
Slide 82: Segment Summary – Copper India
Segment Summary – Copper India Q4 Q3 Full year Production (in ’000 tonnes, or as stated) % change % change FY 2021 FY 2020 FY 2021 FY 2021 FY 2020 YoY YoY Copper - Cathodes 35 26 38% 25 101 77 31% Financials (In ₹ crore, except as stated) Revenue 3,945 2,256 75% 2,664 10,890 9,053 20% EBITDA (71) (6
Slide 83: Sales Summary
Sales Summary Sales volume Q4 FY2021 Q4 FY2020 FY2021 FY 2020 Q3 FY2021 Zinc-India Sales Refined Zinc (kt) 198 173 724 680 182 Refined Lead (kt) 62 48 216 180 53 Total Zinc-Lead (kt) 260 220 940 860 235 Silver (tonnes) 203 144 735 586 183 Zinc-International Sales Zinc Refined (kt) 0 20 1 67 0 Zinc C
Slide 84: Sales Summary
Sales Summary Q4 FY Q4 FY Q3 Sales volume Q4 Q4 Q3 Sales volume FY2021 FY2020 FY 2021 FY2020 2021 2020 FY2021 Power Sales (mu) FY 2021 FY 2020 FY2021 Iron-Ore Sales Jharsuguda 558 482 2,835 776 784 Goa (Mn DMT) 0.8 0.6 2.1 0.9 0.6 TSPL 2,349 1,094 6,479 8,223 820 Karnataka (Mn DMT) 1.4 1.6 4.4 5.8 1
Slide 85: Currency and Commodity Sensitivities
Currency and Commodity Sensitivities Foreign Currency - Impact of ₹ 1 depreciation in FX Rate Currency Increase in EBITDA INR/USD ~ ₹ 600 crore / year Commodity prices – Impact of a 10% increase in Commodity Prices FY 2021 Full Year Impact on Commodity Average price EBITDA ($mn) Oil ($/bbl) 45 68 Zi
Slide 86: Augment our Reserves and Resources Base
Augment our Reserves and Resources Base Focused exploration to expand our reserves and resources base for support our future growth through • Targeted and disciplined exploration • Offsetting depletion and bringing on stream more discoveries • Team aim to discover mineral and oil deposits in a safe
Slide 87: Awards & Recognition in Q4 FY21
Awards & Recognition in Q4 FY21 Name of Awards Category/ Recognition Recipient (Business Unit) From the Indian Chamber of Commerce in the Large Enterprise 14th ICC Environment Excellence Award (2020)” ZSD – Hindustan Zinc category at the 14th Environment Partnership E-Summit Leading practices in tec
Slide 88: Group – Present Debt Structure
Group – Present Debt Structure ($ bn) Vedanta Resources (Consolidated) Volcan FY21 FY21 EBITDA 3.8 EBITDA - Net Debt 10.5 Net Debt 0.2 Vedanta Resources (Standalone) FY21 % EBITDA 0.1 2% Divisions of Vedanta Limited Net Debt 7.2 68% 55.1% Sesa Iron Ore Sterlite Copper Vedanta Ltd (Consolidated)
Slide 89: Results Conference Call Details
Results Conference Call Details vedanta transforming elements Results conference call is scheduled at 6:30 PM (IST) on May 13, 2021. The dial-in numbers for the call are given below: Event Telephone Number Earnings conference call on May 13, 2021 India – 6:30 PM (IST) India: +91 7045671221 Toll free