Vedanta Limited
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Key numbers — 40 extracted
₹ 9,362 crore
32%
₹7,211 crore
₹37,225 crore
10%
₹9,362 crore
29%
₹3,132 crore
1%
11%
₹33
₹ 145,404 crore
Guidance — 2 items
About Vedanta Limited
opening
“Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, has pledged Rs 5000 crore over the next five years on various social impact programs and its flagship project, Nand Ghar is setting up model anganwadis across India.”
Registered Office
opening
“This presentation should not be relied upon as a recommendation or forecast by Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries.”
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Opening remarks
Investment Income
o 4QFY23 investment Income increased by 41% QoQ and 84% YoY to ₹959 crore on account of interest received on income tax refund, mark to market movement and change in investment mix o FY23 investment Income increased by 22% to ₹ 2,852 crore, due to mark to market movement, change in Investment mix and interest received on income tax refund ▪ Exceptional Items: o 4QFY23 exceptional items at ₹ (1,336) crore, due to impairment charge of ₹ (1,218) crore and SAED impact of ₹ (118) crore in Oil and Gas business o FY23 exceptional items at ₹ (217) crore, due to impact of SAED of ₹ (970) crore partially offset by impairment reversal of ₹ 644 crore in WCL and ₹ 109 crore in ESL ▪ Taxes: o 4QFY23 normalized Effective tax rate (ETR) was 31% compared to 24% in 3QFY23 on account of change in profit mix o FY23 normalized ETR was 30% compared to 28% in FY22 due to change in profit mix ▪ Profit after Tax (PAT) and Earnings per Share (EPS): o 4QFY23 Profit after Tax was at ₹3,132 crore, up 1% QoQ o EPS
About Vedanta Limited
Vedanta Limited (“Vedanta”), a subsidiary of Vedanta Resources Limited, is one of the world’s leading natural resources companies spanning across India, South Africa and Namibia with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium & Power. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector, is committed to reducing carbon emissions to net zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to accelerate this transition. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, has pledged Rs 5000 crore over the next five years on
Registered Office
Regd. Office: 1st Floor, ‘C’ wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), Mumbai – 400 093 CIN: L13209MH1965PLC291394 Disclaimer This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” 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 political, economic, business, competitive or regulatory nature. The
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77% 8 FY23 operational and financial highlights Operational Highlights Financial Highlights Record production across key businesses → Aluminium : 2.3 mnt → HZL: crossed 1 mnt mark o MIC: 1.062 mnt o Refined metal: 1.032 mnt → Gamsberg: 208 kt, up 22% YoY → ESL: saleable production of 1.3 mnt Other key achievements → Coal mines o Jamkhani: Production commenced o Chhotia restarted → Successful bidder for: o Bichlolim iron ore mine in Goa o Sijimali bauxite mine o Ghogarpalli and Barra coal block → FACOR New Furnace 60ktpa commissioned → Cairn – 10-year PSC extension for RJ block Vedanta Limited 4QFY23 Investor Presentation C&CE: Cash and cash equivalent 1. Excludes custom smelting at Copper Business Sensitivity: Internal (C3) Revenue EBITDA ₹ 145,404 crore All time high ₹ 35,241 crore 2nd highest EBITDA Margin1 PAT 28% ₹ 14,503 crore ROCE c. 21% FCF (pre capex) ₹ 28,068 crore All time high Dividend Declared C&CE ₹ 101.5 Per share ₹ 20,922 crore 9 4QFY23 operational and financial highligh
Gamsberg
▪ Highest ever annual MIC production at 208 kt, up 22%YoY ▪ Gamsberg annual CoP (ex TcRc) lower by 12% YoY
BMM
▪ Annual MIC production at 65 kt, up 25% YoY ▪ Highest ever mining at 1.8 mnt, up 16% YoY; milling at 1.7 mnt, up 9% YoY Key cost initiatives Gamsberg - COP ▪ Throughput and recovery improvement COP (Exc. TcRc) ($/T) TcRc ($/t) ▪ Restructuring of contracts for mining and input commodities 1,243 190 4Q FY22 1,006 634 966 604 1,168 195 1,033 582 Strategic Initiatives Medium-term potential to reach 1MTPA Gamsberg Phase 2 3Q FY23 4Q FY23 FY22 FY23 ▪ Open cast mine 4mtpa → 8mtpa ; New 4MTPA concentrator ▪ Additional 200ktpa MIC Vedanta Limited 4QFY23 Investor Presentation Sensitivity: Internal (C3) MIC: Metal in concentrate; COP: Cost of production 14 Oil & Gas: Partnering in India’s journey to energy self-reliance Gross production (kboepd) 154 145 137 161 143 4Q FY22 3Q FY23 4Q FY23 FY22 FY23 Opex ($/boe) 12.4 13.6 14.9 Key Highlights ▪ Signed off Rajasthan 10-year PSC extension ▪ Secured 8 blocks in DSF-III round & 1 block in special CBM round 2021 ▪ Drilled 62 wells across Bhagyam, ABH,
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