Hindustan Zinc Limited

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HZL/2024-SECY/ BSE Limited P.J. Towers, Dalal Street, Mumbai - 400001 January 19, 2024 National Stock Exchange of India Limited “Excha

INR 2,028

ustan Zinc Limited Results for the Third Quarter and Nine Months Ended December 31, 2023 “PAT at INR 2,028 Cr, up 17% q-o-q on the back of consistent volume growth & cost reduction.” Key Highlights : ▪ R

17%

d Results for the Third Quarter and Nine Months Ended December 31, 2023 “PAT at INR 2,028 Cr, up 17% q-o-q on the back of consistent volume growth & cost reduction.” Key Highlights : ▪ Ranked high

8%

lity Assessment in Metals and Mining sector ▪ Quarterly Revenue, EBITDA and PAT up sequentially by 8%, 14% and 17% respectively ▪ Silver production at 197 MT for Q3 FY24, up 22% y-o-y ▪ Highest ever

14%

Assessment in Metals and Mining sector ▪ Quarterly Revenue, EBITDA and PAT up sequentially by 8%, 14% and 17% respectively ▪ Silver production at 197 MT for Q3 FY24, up 22% y-o-y ▪ Highest ever nine

197 MT

rly Revenue, EBITDA and PAT up sequentially by 8%, 14% and 17% respectively ▪ Silver production at 197 MT for Q3 FY24, up 22% y-o-y ▪ Highest ever nine months’ mined metal & silver production, driving the

22%

PAT up sequentially by 8%, 14% and 17% respectively ▪ Silver production at 197 MT for Q3 FY24, up 22% y-o-y ▪ Highest ever nine months’ mined metal & silver production, driving the attainment of ▪

49%

hareholder value maximisation. During the quarter, Hindustan Zinc has delivered steady margin of c.49%, bolstered by operational milestones and cost reduction. The Company is now in the first decile of

INR,

ales1 Zinc Lead Silver Others Total EBITDA Profit After Taxes Earnings per Share (INR, not annualised) 2024 2023 9M Q3 Q2 Change Q3 Change 2024 2023 Change 4,502

12%

357 7,310 3,560 2,038 4.82 4,034 1,117 1,297 344 6,792 3,120 1,737 4.11 12% -7% 9% 4% 8% 14% 17% 17% 5,631 -20% 13,204 18,319 -28% 884 983 368

7%

7,310 3,560 2,038 4.82 4,034 1,117 1,297 344 6,792 3,120 1,737 4.11 12% -7% 9% 4% 8% 14% 17% 17% 5,631 -20% 13,204 18,319 -28% 884 983 368 7,866

9%

0 3,560 2,038 4.82 4,034 1,117 1,297 344 6,792 3,120 1,737 4.11 12% -7% 9% 4% 8% 14% 17% 17% 5,631 -20% 13,204 18,319 -28% 884 983 368 7,866 3,7

“Hindustan Zinc is also the only Indian company in Mining sector with validated & approved SBTi targets in alignment with 1.5 °C target.”

“This presentation should not be relied upon as a recommendation or forecast by Hindustan Zinc Limited.”

“‘Zero Harm’ has been engraved in the values of the Company and we are getting closer to our target through various safety initiatives, reiterating the #SafetyFirst culture.”

“2 : Y o Y 1023 1029 CAGR: 4.1% 876 895 963 % 6 .”

“0 : Y o Y 1100 1050 1000 950 900 850 800 750 700 650 600 CAGR: 3.9% 688 693 670 634 739 % 5 .”

“6 : Y o Y 760 740 720 700 680 660 640 620 600 580 CY19 CY20 CY21 CY22 CY23 CY19 CY20 CY21 CY22 CY23 CY19 CY20 CY21 CY22 CY23 Hindustan Zinc’s metal and silver production has grown at an industry leading CAGR of c.4% in last 5 years.”

Key Highlights

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Conference Dial-In Information

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New Roaster at Debari

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Hindustan Zinc Fertilizers Private Limited

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Key Highlights

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Note

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Key Highlights

▪ Ranked highest globally in S&P Sustainability Assessment in Metals and Mining sector ▪ Quarterly Revenue, EBITDA and PAT up sequentially by 8%, 14% and 17% respectively ▪ Silver production at 197 MT for Q3 FY24, up 22% y-o-y ▪ Highest ever nine months’ mined metal & silver production, driving the attainment of ▪ industry leading CAGR and advancing towards achieving annual guidance Lowest zinc cost of production in last 10 quarters at US$ 1,095 per MT & 4th consecutive quarter of cost reduction Udaipur, January 19, 2024: Hindustan Zinc Limited, the leading global integrated producer of zinc, lead and silver, reported its results for the third quarter and nine months ended December 31, 2023. Commenting on the performance, Mr Arun Misra, CEO, said: “With our consistent focus on operational excellence, Hindustan Zinc delivered record nine-months mined metal and silver production to leverage the elevated silver price opportunities. The Company’s sustainable operational progress is reflect

Conference Dial-In Information

Express Join via internet registration Please dial the below number at least 5-10 minutes prior to the conference schedule. Universal Access Playback Dial-In Numbers January 19 - January 26, 2024 +91 22 6280 1340, +91 22 7115 8241 +91 22 7194 5757 Playback Code: 01752 Hindustan Zinc Limited Registered Office: Yashad Bhawan, Udaipur (Rajasthan) - 313 004 T+91-294 660 4000 F+91-294 242 7734 www.hzlindia.com CIN: L27204RJ1966PLC001208 Sensitivity: Internal (C3) 5 For further information, please contact: Jhalak Rastogi Associate Director - Investor Relations jhalak.rastogi2@vedanta.co.in +91 8287262850 Maitreyee Sankhla Interim Head - Corporate Communications maitreyee.sankhla@vedanta.co.in +91 7742161333 Rahul Challa Team Member - Investor Relations hzl.ir@vedanta.co.in About Hindustan Zinc Hindustan Zinc, a Vedanta Group company in Zinc-Lead and Silver business is world’s 2nd largest integrated Zinc producer and 5th largest Silver producer. The company governs about ~80% of the growing Z

New Roaster at Debari

Roasting is an essential part of the process of producing saleable zinc in hydrometallurgical smelters. The new roaster at Debari will enable Hindustan Zinc to attain long term sustainable operations making it future ready for 1.2+ million tonne refined metal.

Hindustan Zinc Fertilizers Private Limited

Hindustan Zinc’s DAP/NPK Fertilizer Plant at Chanderiya aims to support farmers’ needs through production and sale of DAP fertilizers currently being imported and to better utilize sulphuric acid generated in operations through production of fertilizers, making the country future-ready. This will contribute to the environment circuitously, enabling us to fetch right margins. Production Capacity Production Capacity Product Status Update • Progress for main package is on track Status Update • Progress for main package is on track HINDUSTAN ZINC LIMITED – Q3 FY24 INVESTOR PRESENTATION Sensitivity: Internal (C3) 19 HZL Silver Growth Chronicle Growth: Silver production grew over 2x in last 10 years and 15x in 2 decades. With FY24 guidance of 725-750 MT, the production will increase by c.3% y-o-y Global Leadership: HZL is India’s only silver producer and the 5th largest producer globally Silver Production (MT) 8 5 5 3 5 4 5 2 4 0 5 3 8 2 3 4 7 3 7 0 2 7 4 5 3 1 1 4 2 0 8 1 5 9 3 1 8 4 1 5 0

Key Highlights

▪ ▪ ▪ Strong foot-hold in the of the global zinc mines cost curve and in the first quartile of the global zinc smelters cost curve for 4 consecutive quarters key contract transformation strategy, transforming operations through automation & digitalization : Softened input commodity prices, better linkage coal availability and utilization, improved operational efficiency, ▪ Advancing towards achieving annual guidance of $1,125-$1,175 per MT HINDUSTAN ZINC LIMITED – Q3 FY24 INVESTOR PRESENTATION * COP without royalty Sensitivity: Internal (C3) 24 APPENDIX EBITDA Bridge (9M FY24 vs 9M FY23) (All figures in INR Cr unless stated otherwise) *Inclusive of gains from Strategic Hedging in previous period Note: All financials are at consolidated level HINDUSTAN ZINC LIMITED – Q3 FY24 INVESTOR PRESENTATION Sensitivity: Internal (C3) 26 EBITDA Bridge (Q3 FY24 vs Q3 FY23) (All figures in INR Cr unless stated otherwise) *Inclusive of gains from Strategic Hedging in previous period Note: All financia

Note

▪ Highest rank at S&P Corporate Sustainability Assessment 2023 HINDUSTAN ZINC LIMITED – Q3 FY24 INVESTOR PRESENTATION Sensitivity: Internal (C3) 32 THANK YOU HINDUSTAN ZINC LIMITED Yashad Bhawan, Udaipur-313 004, Rajasthan T: +91 294 6604000-02 www.hzlindia.com HINDUSTAN ZINC LIMITED – Q3 FY24 INVESTOR PRESENTATION Sensitivity: Internal (C3)