Vedanta : BofA Securities 2024 Global Metals, Mining and Steel Conference Presentation

VEDANTA

Bank of America

Global Metals, Mining and Steel Conference - 2024

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Vedanta Overview &

ESG

Priya Agarwal Hebbar

Chairperson - Hindustan Zinc Ltd &

Non-Executive Director,

Vedanta Limited

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India's Growth & Vedanta

India is the next global growth engine, set to become the 3rd largest economy by 2027

Globally, energy transition & IR 4.0 would be mineral intensive

India's growth boosting

demand for natural resources

Vedanta is 25 years young, aggressive on growth. Our products act as raw material to 6000+ companies in India

Vedanta is uniquely diversified, Demerger will create pure play companies - unlocking true value of all our businesses

Only 20% of the total reserves of minerals have been mined till now

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Vedanta's Unique Portfolio

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Our commitment to excellence - our path to leadership

Transforming Communities

Aim 1 Keeping community welfare at the core of business	Key Highlights
decisions

ESG

Pillars

Aim 2 Empowering over 2.5 million families with enhanced skillsets

Aim 3 Uplifting over 100 million women and children through education, nutrition, healthcare and welfare

Transforming Planet

Aim 4 Net-carbon neutrality by 2050 or sooner Aim 5 Achieving net water positivity by 2030 Aim 6 Innovations for a greener business model

Transforming Workplace

Aim 7 Prioritizing safety and health of all employees Aim 8 Promote gender parity, diversity and inclusivity

Aim 9 Adhere to global business standards of corporate governance

50+ million		6000+ Nandghar
	Established - Children and
Lives Impacted
	Women care center

	838 MW RE RTC		0.7x
	Under Construction		Water Positivity
	90%		33%
		Women in enabling
	HVLT waste utilized
		functions
20%
	38 transgender
	Women in workforce		in workforce

Aims to spend USD 5 Billion in the next decade towards decarbonization initiatives Strong team of 1600+ driving ESG transformation

CSA rankings	3	Vedanta Limited1	1	Hindustan Zinc1	1	Vedanta Aluminium2	5
		Among 238 global companies	Sensitivity: InternalAmong(C3) 238 global companies		Most sustainable aluminium producer

Vedanta - India's Natural Resources Champion

Aluminium | Zinc-Lead-Silver | Oil & Gas | Iron & Steel | Power Copper | Ferro Chrome | Nickel | Electronics and Display

$17 Bn	$4.7 Bn*
FY24 Revenue	FY24 EBITDA
$13 Bn	$16 Bn
Dividend over the last decade	Capex over the last decade
1st quartile	25+ years
In global cost curve across key	Mine life
segments

At Vedanta Resources and FY24 indicates Financial Year cycle in India (April-2023 to March-2024)	6
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Demerger: Tomorrow - Streamlined pure-play "Asset Owner" model

Vedanta Inc / VRL

62%

Aluminum

Largest capacity in India with captive power and an alumina refinery

Globally, 9th largest by smelting

capacity

Aluminium will continue to

house Coal and Bauxite mines

Lanjigarh Jharsuguda

Refinery Smelter

BALCO (51%)

62%

Power

One of the largest private sector power generators

TSPL (100%)

TSPL

JSG IPP

Athena Power

Meenakshi Power

62%

62%

62%

Base Metals

Oil & Gas

Steel & Ferrous

Diversified portfolio of

India's largest private sector

One of the largest Indian

International base metal assets

crude oil producer

private sector exporter of

iron ore

Tuticorin

Sesa Iron Ore

Fujairah Gold

62%

Sesa Coke

Silvassa

WCL (Liberia)

VZI

Cairn

ESL Steel

100%

100%

100%

64.92%

Display

Electronic Business

Stainless

HZL

Manufacturer of LCD and

First Indian manufacturer of

First Indian Nickel producer

First Quartile Global Zinc

Display Glass

semiconductors

producer

FACOR

Hindustan Zinc Ltd

Avanstrate

Vedanta Semicon

Nicomet

Business to be listed after Demerger		077
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Aluminium

The Metal of the Future

John Slaven,

Chief Executive Officer, Vedanta Aluminium

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Increasing market share in India's strongly growing market

Growth Rate of India's GDP vs Aluminium Consumption (%)

20.0
					14.0		16.0
15.0
					8.9	11.1
10.0	6.8	6.5 7.0			7.0	6.5
5.0	4.0		3.7
0.0
-5.0			-2.5
			-6.6-5.3
-10.0
FY 18	FY 19	FY20	FY 21	FY 22	FY 23	FY24

	GDP Growth		Al Cons Growth

Aluminium demand is expected to exceed the India GDP

growth by at least 2x

Aluminum Consumption - India (in MT)

					5.0
			3.9	4.3
7	3.6	3.4
		Imports
					Domestic
					Production
19	FY20	FY 21	FY 22	FY 23	FY24

Vedanta		Hindalco		Nalco		Primary Import		Dowsnstream Import		Scrap Import

Vedanta Aluminium is well placed to cater to the domestic

demand increase

Note: FY20, FY21 impacted significantly by COVID

Source: CRU

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Vedanta's Compelling Competitive Advantage

Vertically integrated, irreplaceable and strategically located assets creating unrivalled competitive advantage

Located in

mineral rich province

Vertically integrated operations in compact footprint

Vedanta's	Well connected
Competitive	by rail network
Advantage

Close proximity to 5 key port including dedicated berth at Vizag

~50% primary market share in India

Vedanta Aluminium Footprint

Ghogharpalli

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