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Q4FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Production (Kt) COP ($/T) 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 are based are reasonable, any of those assumptions No representation or warranty is made as to the accuracy, could prove to be inaccurate and, as a result, the forward-looking completeness, reasonableness or reliability of this information. Any statement based on those assumptions could be materially forward looking information in this presentation including, without incorrect. limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be This presentation is not intended, and does not, constitute or form incorrect. This presentation should not be relied upon as a part of any offer, invitation or the solicitation of an offer to recommendation or forecast by Vedanta Resources plc and Vedanta purchase, otherwise acquire, subscribe for, sell or otherwise dispose Limited and any of their subsidiaries. Past performance of Vedanta of, any securities in Vedanta Resources plc and Vedanta Limited and Resources plc and Vedanta Limited and any of their subsidiaries any of their subsidiaries or undertakings or any other invitation or cannot be relied upon as a guide to future performance. inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form This presentation contains 'forward-looking statements' – that is, the basis of, or be relied on in connection with, any contract or statements related to future, not past, events. In this context, investment decision. forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or 'will.' Forward–looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a environmental, climatic, natural, political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. We caution you that reliance on any forward-looking VEDANTA RESOURCES LIMITED – FY2019 INVESTOR PRESENTATION 2 Company Overview Vedanta - A World-Class Natural Resources Powerhouse Overview Group Structure World’s 6th largest diversified resources company and the largest in India Portfolio of large, diversified, structurally low-cost assets geared towards base metals and oil Vedanta Resources Vedanta Part of India’s premier index – the Nifty 50 and also listed in NYSE (ADR) Plc Resources Ltd Divisions of Vedanta Limited Vedanta ranked 15th by the Dow Jones Sustainability Index globally; Sesa Iron Ore Hindustan Zinc ranked 3rd in the Environment category and 11th overall in the Mining and Metal industry Sterlite Copper 50.1% 79.4% Vedanta Power (600 MW Ltd. Jharsuguda) Key Financials Konkola Copper Vedanta Ltd Aluminium – FY19 EBITDA of 3.4Bn USD. at margin of 29%(1) Mines (KCM) (Odisha aluminium and power assets) – Net Debt @ 10.3Bn USD Cairn Oil & Gas* – ROCE @9.6% 3% Zinc 3% 1% 3% O&G 64.9% 51% 100% 100% 90% (1%) HZL BALCO 6% Aluminium Zinc Bharat International Talwandi Electrosteel 9% Copper Zinc India Aluminium (Skorpion - Sabo Power s Steel 44% (HZL) months Power (BALCO) 100% (1,980 MW) limited 12 EBITDA MIX MIX EBITDA BMM-74%) Iron Ore 32% Other Note: Shareholding as on Jan 30, 2019 *50% of the share in the RJ Block is held by a subsidiary Listed entities Unlisted entities of Vedanta Ltd Steel Note: (1) Excludes custom smelting at Copper and Zinc India operations 4 Economic and Social Impact Vedanta’s GDP Contribution • Highest ever contribution to the exchequer of c.6Bn USD in FY2019 2.2% Induced Impact The impact operations that captures the consumption; impacting GDP is equivalent to 2.20 percent of India’s GDP • C.44Mn USD invested in social investment benefitting about c.3Mn people from the community 0.40% Direct Impact Vedanta directly contributes 0.40 percent to India’s GDP through its operations • Vedanta is creating 9,62,824 man-years of employment yearly through all of its group companies 1.0% Indirect Impact The indirect impact of company through its supplier • Also helps India in reducing its import network is as large as 1 percent of India’s GDP bill and saving precious foreign exchange reserves 5 Attractive Commodity Mix Ideally Positioned in Favorable Geography Significant Presence in Commodities with Leading Global Demand Growth in favorable Geography Focus is on the Right Commodities: Base Metals & Oil World Aluminium 2.8% O&G India 2.2% 90% of Nickel 2.2% Vedanta Group’s Zinc 1.7% FY2019 EBITDA Lead 1.5% Copper 1.4% Met Coal 1.0% Iron Ore 0.5% O&G 0.4% Thermal Coal 0.4% Global Demand CAGR 2019-30E Vedanta Commodity Presence India Key Metrics 5.6 trillion (2030) 40% (2030) • National Mineral Policy (NMP) 3,699 • (2030) Hydrocarbon Exploration and 2,054 (2019) 34% (2019) Licensing Policy (HELP) 2.8 trillion (2019) • Open Acreage Licensing Policy (OALP) Per capita income (real) Urbanisation GDP (real) Regulatory Reforms Source: Wood Mackenzie, : IHS Markit, United Nations World Urbanization Prospects: The 2018 Revision 6 Vedanta growth trajectory – Focus on growth projects Well invested and consolidated assets : driving growth Acq Zinc Intl FY 2013- Cmd 1.5mt mill 18 at SK mine FY 2012 √ Cmd 1,980MW TSPL Cmd 2,400 MW FY2010 JHA FY2012 √ Exp 1.2 mt zinc Acq VS Dempo FY 2011 Acq Cairn India √ Cmd 250kt Gamsberg Cmd 210kt Zn smelter Cmd 100kt Dariba 300kbpoed Oil projects Exp RA mine to 6mt Pb smelter FY Cmd 1250kt VAL smelter 2010 Exp 274MW wind Exp Karnataka IO power Acq ESL FY FY2009 2009 Exp RA mine to 5mt Cmd 170kt Zn Cmd 311kt Nchanga Pre-IPO smelter and smelter, 6mt Konkola FY 1997: Tuticorin 80MW CPP at 2008 Concentrator Smelter Chanderiya Cmd500kt VAL smelter 1999: Acq FY Australia Cu 2007 FY2007 mines Acq Sesa Goa FY 2001 – Acq 200 Cmd 245kt Al smelter BALCO 6 and 540 MW CPP at 2002- Acq HZL FY 170kt Zn and BALCO 2005 50kt Pb FY Dbn Tuticorin smelter to Pre- Acq KCM smelter, 2004 400kt IPO 154MW CPP Vedanta IPO Exp Tuticorin smelter Color Key Organic Inorganic 7 Significant Production Ramp-up across all businesses Zinc India Zinc International Oil & Gas Aluminium Steel . Growth projects . Ramp-up of . Gamsberg 250 kt . Achieve 1.5 Mtpa . Expansion to 1.2 including: Jharsuguda II total (Full potential) in production in FY20 Mtpa - Enhanced oil smelter from 2.0 Phase-I Mtpa to 2.3 Mtpa recovery . Expansion to 2.5 . Silver to 750-800 . Skorpion pit - Tight Oil & Gas Mtpa tonnes . Ramp-up of Alumina extension - Infill and upgrade from to 1.5 Mtpa to . Integration with . 1.35 Mtpa next projects 2.7 Mtpa to 4.0 . Gamsberg Phase II Jharkhand Iron Ore phase expansion - Exploration projects Mtpa in the near to for 450 kt Mine incl OALP medium term (mined metal Mtpa) (Gamsberg mined metal kt) (kboepd) (kt) (kt) Aluminium Alumina +30% +50% +20% / +170% +110% 1.20 250 270-300 4.0 2.5 0.94 189 2.3 2.0 1.5 1.2 17 FY2019 Target FY2019 Target FY2019 Target FY2019 Target FY2019 Target Capacity Capacity Capacity Capacity Capacity 8 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 RESOURCES LIMITED – FY2019 INVESTOR PRESENTATION 9 FY2019 Review & Growth Plan Heading Towards – Zero Harm, Zero Waste, Zero Discharge Safety Environment Sustainability • One fatality in Q4 (14 in FY2019) • 92% waste recycling in FY 2019 • Reusing 60% tailings as ‘paste- fills’ for void replacement at • Safety focus across business: • 14.5% reduction in GHG Zinc India underground mine • Visible leadership Emissions • Safety Critical Tasks ensuring • Using tailings dams and waste controls in place • Conserved 1.6 million GJ of pits as land for solar farms at • Business Partner engagement energy Zinc India (38MW plant saving • Conserved 3 million cubic meter additional land footprint of of water 190 acres) Waste Recycling (mMT) Water Consumption (m3) LTIFR (High volume low effect ) 0.50 0.47 0.39 17 17 0.34 280 14 14 13 278 276 8 2016 2017 2018 2019 2017 2018 2019 2017 2018 2019 Generation Recycled VEDANTA RESOURCES LIMITED – FY2019 INVESTOR PRESENTATION 11 Zinc India: On-track for 1.2Mtpa, planning for 1.35Mtpa underway Record Underground Mine Performance FY2019 Record production of Underground (kt) OC (kt) . Mined metal from UG mines, up 29% y-o-y 223 . Silver at 21.8 million ounces, up 22% y-o-y 426 544 . Lead metal at 198kt, up 18% y-o-y 638 936 724 . Zinc COP ex royalty at $1,008/t 481 249 345 . Commissioned Various Projects in Q4 - SK Mine shaft, nd FY15 FY16 FY17 FY18 FY19 Zawar 2 Mtpa Mill, Rampura Agucha 2 Paste fill Plant Ranked 9th in the elite club of silver On Track to achieve design capacity of 1.2 Mtpa by end of Q2 FY20 producers 21.8 (in million ounces) 17.9 Q1 FY20 Q2 FY20 13.6 14.6 • 2nd Paste Fill • RA Mine Shaft 8.6 plant at SK Mine • Zawar dry • Fumer Plant tailing plant commissioning FY15 FY16 FY17 FY18 FY19 VEDANTA RESOURCES LIMITED – FY2019 INVESTOR PRESENTATION 12 Zinc International: Growth Plan for > 500ktpa Zinc Production Value Addition 148ktpa >370 ktpa 500 ktpa 650 ktpa Incl.
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