Hindustan Zinc Limited

rs,

HZL/2023-SECY/ BSE Limited P.J. Towers, Dalal Street, Mumbai - 400001 April 21, 2023 National Stock Exchange of (India) Ltd. “Exchange

26%

id • Rajpura Dariba Mine commissioned • Sterlite Group (now known as Vedanta Ltd.) acquired 26% equity stake in HZL • Sindesar Khurd Mine commissioned with production capacity of 0.3 millio

0.3 million

quired 26% equity stake in HZL • Sindesar Khurd Mine commissioned with production capacity of 0.3 million MTPA • Hydro II commissioned • Rajpura Dariba Hydro - III zinc smelter commissioned with produ

0.2 million

ommissioned • Rajpura Dariba Hydro - III zinc smelter commissioned with production capacity of 0.2 million MTPA • HZL shared a Special dividend of 1200% with its shareholders - the largest single divide

1200%

r commissioned with production capacity of 0.2 million MTPA • HZL shared a Special dividend of 1200% with its shareholders - the largest single dividend in India’s private sector • Ranked #1 in th

500 MT

integrated zinc producer in the world • 2012: New silver refinery at Pantnagar with capacity of 500 MT commissioned • 2013: Commercial production commenced at Rampura Agucha Underground Mine and Ka

1 million

e in London Bullion Market Association list • Record metal & silver production, metal crossing 1 million tonne mark • Highest revenue, EBITDA, PAT • 5th largest producer of silver globally • Ranked #3 in

4X

al increased from 235 kt to 1,032 kt Mined metal Refined metal Metal production increased over 4X Revenue grew over 22X • Profit increased from INR 142 Cr to INR 10,511 Cr • Revenue increased

22X

kt to 1,032 kt Mined metal Refined metal Metal production increased over 4X Revenue grew over 22X • Profit increased from INR 142 Cr to INR 10,511 Cr • Revenue increased from INR 1,528 Cr to

INR 142

efined metal Metal production increased over 4X Revenue grew over 22X • Profit increased from INR 142 Cr to INR 10,511 Cr • Revenue increased from INR 1,528 Cr to INR 34,098 Cr Profits grew more

INR 10,511

Metal production increased over 4X Revenue grew over 22X • Profit increased from INR 142 Cr to INR 10,511 Cr • Revenue increased from INR 1,528 Cr to INR 34,098 Cr Profits grew more than 74X Value cr

INR 1,528

e grew over 22X • Profit increased from INR 142 Cr to INR 10,511 Cr • Revenue increased from INR 1,528 Cr to INR 34,098 Cr Profits grew more than 74X Value creation • EPS grew from INR 3.36 to INR

Key macro factors likely to impact demand

1

Key macro factors likely to impact demand

o Banking crisis overhang in the US o Pace of China’s economic recovery post pandemic o Infrastructure push in emerging economies • Domestic zinc demand: o With industries maximizing output in the last quarter of FY, domestic demand stayed robust • Domestic lead demand: o Strong lead demand supported by excellent automotive and industrial battery demand • Silver demand displayed resilience on the back of growing solar panel manufacturing • Following the drop in European energy prices, smelters in Europe are returning to production • Owing to power rationing in China, smelters are being forced to cut production, may affect SHFE stocks • • • • Pace of China’s economic recovery likely to impact supply Zinc inventories in LME warehouses stood at 45 kt at the end of Mar’23, portraying a minor upsurge as compared to Dec’22 Lead inventories in LME warehouses stood at historically low levels of 26 kt at the end of Mar’23, with a 35% drop from FY23 start Silver inventory in London vaults stood