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Ironmental, Climatic, Natural, Political, Economic, Business, Competitive Or Regulatory Nature September’19 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 (Q1 FY20) Konkola Copper Aluminium (1) Vedanta Ltd – EBITDA of c.746Mn USD at margin of 27% Mines (KCM) (Odisha aluminium and – Net Debt @ c.4Bn USD. power assets) – ROCE @ 10.8% Cairn Oil & Gas* 3% 3% 3% 1% Zinc (1%) 6% O&G 64.9% 51% 100% 100% 90% Aluminium HZL BALCO 9% Copper Zinc months months Bharat International Talwandi Electrosteel 44% Power Zinc India 12 Aluminium (Skorpion - Sabo Power s Steel EBITDA MIX MIX EBITDA (HZL) Iron Ore (BALCO) 100% (1,980 MW) limited Other BMM-74%) 32% Steel 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 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 • Hydrocarbon Exploration and (2030) 2,054 (2019) 34% (2019) Licensing Policy (HELP) 2.8 trillion (2019) • Open Acreage Licensing Policy (OALP) Urbanisation GDP (real) Per capita income (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 FY2009 power Acq ESL Exp RA mine to 5mt Cmd 311kt Nchanga FY smelter, 6mt Konkola 2009 Concentrator FY2007 Pre-IPO Cmd500kt VAL smelter Acq Sesa Goa FY 1997: Tuticorin 2008 Smelter Cmd 245kt Al smelter and 540 MW CPP at 1999: Acq Cmd 170kt Zn BALCO FY Australia Cu 2007 smelter and mines Dbn Tuticorin smelter to 80MW CPP at 400kt FY Chanderiya 2001 – Acq 200 BALCO 6 2002- Acq HZL FY 170kt Zn and 2005 50kt Pb FY Pre- 2004 Acq KCM smelter, IPO 154MW CPP Vedanta IPO Exp Tuticorin smelter Color Key Organic Inorganic 7 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 8 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 rd . New safety KPIs: the 3 consecutive year. in Q2 - will increase processed . Visible felt leadership water recovery by 2500 m3/day . Enhanced utilization of waste in resulting in reduced tailing dam . Ensuring controls in place risk road construction (175,000 tons in for safety critical task Q1FY20 vs 70,000 tons in FY19) and . High-volume-low-toxicity waste . Business Partner cement Industry (13,800 tons in Q1 recycle rate: 107% (FY2019: 92%) engagement FY20 vs 13,000 tons in FY19) Water Consumed & Recycled (m3) Waste Recycling (mMT) LTIFR (High volume low toxicity) 242 242 245 17 17 0.61 14 14 13 0.49 0.46 0.40 0.35 8 65 71 67 62 4 5 17 2016 2017 2018 2019 Q1FY20 2017 2018 2019 Q1 FY20 2017 2018 2019 Q1 FY20 Consumed Recycled Generation Recycled VEDANTA RESOURCES LIMITED – FY2019 INVESTOR PRESENTATION 9 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 VEDANTA RESOURCES LIMITED – FY2019 INVESTOR PRESENTATION 10 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 1200 1500 silver production in tonnes 1000 1000 750-800 1000 679 800 558 Zinc Hindustan 600 Silver in tonnes
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