Vedanta Resources Plc India Operations Site Visit: Corporate Presentation

VEDANTA RESOURCES PLC

India Operations Site Visit:
Corporate Presentation
24 SEPTEMBER 2012

Cautionary Statement and Disclaimer

The views expressed here may contain information derived from publicly available sources that have not been
independently verified.

No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this
information. Any forward looking information in this presentation including, without limitation, any tables, charts
and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be incorrect. This
presentation should not be relied upon as a recommendation or forecast by Vedanta Resources plc ("Vedanta").
Past performance of Vedanta cannot be relied upon as a guide to future performance.

This presentation 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,' 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.

This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of
an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Vedanta or any
of its subsidiary undertakings or any other invitation or inducement to engage in investment activities, nor shall
this presentation (or any part of it) nor the fact of its distribution form the basis of, or be relied on in connection
with, any contract or investment decision.

FY2012 INDIA OPERATIONS SITE VISIT – CORPORATE PRESENTATION - 24 SEPTEMBER 2012 2

Agenda

Overview Navin Agarwal, Deputy Executive Chairman

Vedanta Market Positioning
M.S. Mehta, Chief Executive Officer
Business and Operations

Financials D.D. Jalan, Chief Financial Officer

Sustainable Development Tony Henshaw, Chief Sustainability Officer


Site Visit Itinerary

Tuesday - 25 September India Operations Site Visit
1. Jharsuguda Aluminium S.K. Roongta
and Power plants CEO, Aluminium
and Power Zinc-Lead-Silver
• Rampura Agucha mine
• Dariba smelters
• Sindesar Khurd mine

Wednesday - 26 September
2. Rampura Agucha mine Akhilesh Joshi
CEO, Hindustan Zinc
3 Agucha,
Dariba smelters Barmer
Zinc India 2 Dariba,
Sindesar Khurd
Sindesar Khurd mine

Oil & Gas
• Rajasthan Jharsuguda
1
Power
Thursday - 27 September Mumbai • Jharsuguda power
3. Rajasthan (Mangala) P. Elango
Interim CEO, Cairn India 4 Aluminium
oil fields • Jharsuguda smelter
Oil & Gas Goa

Iron Ore
• Goa
Friday - 28 September
P. K. Mukherjee
4. Goa Iron ore mines
CEO, Sesa Goa
Iron Ore


Overview
Navin Agarwal
Deputy Executive Chairman

Highlights

Vedanta: A Global Diversified Natural Resources Major

World-class portfolio of large, structurally low-cost, scalable assets with long life of R&R

Strong financial profile supported by diversified cash flow growth

Delivering industry-leading production growth driven by substantially invested projects

Recent acquisitions provide additional growth options

EBITDA (US$mn) Free Cash Flow (US$mn) Underlying EPS (USc/share)

+42% CAGR +32% CAGR +29% CAGR

5,353 3,128 209

323 335
27

FY2004 FY2012 FY2004 FY2012 FY2004 FY2012
proforma proforma proforma

Note: FY2012 numbers are proforma with Cairn India for full year


Strategic Priorities

Deliver industry-leading production growth across our portfolio

Continue to add reserves and resources to drive long-term value

Complete the simplification of the Group structure

Minority buyouts at HZL and BALCO

Reduce gearing from free cash flow

Growth and Long-Term Value Creation with a Focus on Sustainability


Optimising Group Structure

Restructuring on track for completion in CY2012

Consolidates and simplifies group structure, Vedanta Resources
eliminates cross-holdings
Financial Benefits:
− Delivers significant synergies upto $200mn/yr 79.4% 58.3%

− Improves capital structure
Konkola
− Improves allocation and cost of capital Copper Sesa Sterlite
Mines
− Enhances fungibility of cash
− Enhances visibility of earnings and cash flows
Reduces Debt service liability at plc by 61% to
$3.9bn

Minority Buyouts
Buyout of government stake in HZL and BALCO Zinc-
remains a priority Iron Alumi-
Lead- Oil & Gas Copper Power
Ore nium
Silver

HZL Sesa Goa Cairn Tuticorin BALCO Talwandi
India Sabo
Zinc Int’l WCL CMT VAL
Jharsuguda

BALCO

Note: Shareholding based on basic shares outstanding
MALCO


Tier-1 Diversified Asset Portfolio

FY2012 Target
Production Capacity R&R Life1 Sustainable Cost Position2

Zinc India 830kt 1mtpa 25+ Lowest Quartile

3
Zinc Intl. 444kt 400ktpa 20+ Lower Half

Silver 7.8moz 16mozpa 25+ By-product

4
Oil & Gas 173kboepd 260kboepd 17 Lowest Quartile

4 5
Iron Ore5 13.8mt 20.5mtpa 18 Lowest Quartile

6
Copper Zambia 200kt 400ktpa 24+ Lower Half

Currently Lower Half; Lowest
Aluminium 675kt 2.3mtpa
Quartile with Captive Bauxite

Large, Low-Cost, Long-Life, Scalable Assets
Note: 1. At capacity
2. Cost position for base metals from Wood-Mackenzie, Iron ore from Metalytics ,and Oil & Gas from Company Study
3. Includes Gamsberg
4. For current producing assets, subject to approvals
5. Does not include Liberia
6. Mine life of Konkola Deeps


A Global Diversified Natural Resources Major
Top Global Diversified Natural Resources Companies
FY12/CY11
PE
EBITDA
Multiple
($bn)
2%
23% 52% 15% 10%
BHP Billiton 33.7 9.9
2%

98%
Vale 33.8 5.8

Rio Tinto 28.5 7.8 69% 17% 4% 14%

Anglo American 13.3 9.7 37% 28% 15% 6% 21%

2%

Xstrata 11.6 11.2 10% 46% 7% 33%

Teck 5.5 9.6 16% 36% 48%

2%
Vedanta 5.3 5.0 38% 30% 13% 13%
3%

ENRC 3.4 6.9 37% 6% 46% 11%

O&G Zinc-lead Iron ore¹
Copper Base metals² Coal
Aluminium Ferroalloys Other

Scale and Diversification
Source: Company filings and broker reports. PE multiples based on BEST next year PE estimate from Bloomberg as of 14 September 2012. Vedanta numbers are proforma with Cairn India for full year FY2012.
Note: Commodity split based on pro forma EBITDA for Vedanta and EBIT for major diversified mining companies.
1. For Vale, Iron ore includes all ferrous metals
2. For BHP, base metals includes copper and zinc-lead. For Xstrata, base metals includes nickel.


Strong and Consistent Profitability

Consistent Profit Margins FY2012 EBITDA Margins by Segment Share of
EBITDA

Group EBITDA margin¹ Average LMEX
Oil & Gas² 56% 18%
59%

55% Zinc- India 54% 31%

Iron Ore 43% 18%
45%
43%
41% 41%
Zinc- International 41% 9%

35%
33% 33% 3,756
Copper Australia 30% 2%

Power 27% 3%

Copper Zambia 23% 10%

1,636
Aluminium 10% 4%

1
Group 41%

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12

Profitability driven by Asset Quality and Diversification
Notes: 1. Excludes copper custom smelting operations
2. Oil and Gas EBITDA margins have been calculated after adding back Rajasthan royalties and profit sharing with government to revenues. EBITDA margin based on reported revenues was 81%.


Well-Invested Capex Driving Near-Term Growth

Cash Flow and Growth Capex Profile - $bn Year-end Capacity (in Copper Equivalent kt)3
Free Cash Flow¹ Capex-ex-Cairn Capex-Cairn²
Zinc-Lead Silver Iron Ore Copper

Aluminium Power Oil & Gas

4,000

3,500

3,000

0.5 1.6 2,500

2,000
3.7
0.4
3.1
- 1,500
2.5
2.3 2.2
1,000
1.8 1.7
1.5
1.3
500

0
FY2010 FY2011 Proforma FY2013e FY2014e FY2015e FY 2011 FY 2012 FY 2013 FY 2014 FY 2015
FY2012

Free Cash Flow at an Inflection Point
Notes: 1. Free cash flow after Sustaining Capex but before Growth Capex
2. Capex net to Cairn India; part of FY2014e capex is subject to Government of India approval; FY2015e capex has not been announced. Shaded portions pertain to growth not reflected in the RHS capacity growth chart.
3. All metal and power capacities rebased to copper equivalent capacity (defined as production x commodity price / copper price) using Long Term commodity price estimates. Power rebased using FY2012 Realisations.
Copper custom smelting capacities rebased at TC/RC for FY2012


Vedanta Market Positioning
M.S. Mehta
Chief Executive Officer

Resourcing India
Zinc Consumption Estimates – India and China Aluminium Consumption Estimates – India and China
Annual demand in mn tonnes

Annual demand in mn tonnes
Size of bubble indicates 54% Size of bubble indicates 53%
% of world consumption 100 % of world consumption
16.4
40%

(logarithmic scale)
(logarithmic scale)

41%
8.2

4.1
7% 7%
10
2.0

1.0 5%
4%
0.5

0.3 1
2005 2010 2015 2020 2025 2030 2005 2010 2015 2020 2025 2030

India R&R and Consumption: India and World
Strong demographics and urbanization driving metal
31
consumption growth
634
Abundant reserves to support further domestic 3,305

production
2,004

Vedanta uniquely positioned as domestic suppluer of
key commodities
Zinc R&R (mt) Zn Consumption Bauxite R&R (mt) Al Consumption
2012e (kt) 2012e (kt)

Note: Source: Wood Mackenzie for metal consumption
1. Commodity data represents Total estimated Reserves and Resources based upon public sources including GSI, GOI, Brook Hunt, UNFC, IBM, and E&Y.


Proximity to Rapidly Growing Markets
Vedanta Revenues by Geography Strong Market Positioning in India
FY2012 FY2012 India Market Shares
Rest of the
World
12% #1 #1 #1 #1 #1 #2
Middle East
and Africa
9%
82%
India
Other Far 48%
East and Asia
11%

China
20%

India Operations: Domestic Sales as % of Total Sales
FY2012
2010-25 India Consumption CAGR % 39%
6% 5% 10% 8% 9% 10% 4%
33%
30%
100% 100%

81% 80%

62%
58%

19% 6%
5%

Zinc India Zinc India Silver Copper Aluminium Iron Ore Oil and Zinc Lead Silver Copper Aluminium Oil
- Zinc - Lead India Gas
Note: Consumption CAGR over 2010-25 for base metals as per Wood-Mackenzie estimates.
For Iron Ore, steel consumption CAGR over FY2012-17 as per Ministry of Steel, India considered.
Silver consumption growth rate over 2012-2025 as per Ministry of Mines, India. Notes: Rank excludes imports. Oil & Gas production numbers considered instead of sales.
Oil & Gas consumption growth rate over 2008-2035 as per EIA. Source: Wood Mackenzie, Indian Ministry of Petroleum and Natural Gas, IBIS, company sources


Strong Presence in India and Africa

India Africa

Largest diversified resources major in India
Largest zinc producer in Africa
Largest producer of Aluminium, Copper,
Operations Among top 3 copper producers
Zinc, Lead, Silver
Large iron ore assets in Liberia
2nd largest crude oil producer

$2.5bn in Zambia
Overseas Capital
c.$12.5bn across various segments Two large projects – Liberia iron ore and
Invested
Gamsberg zinc deposit

Contribution to Among the largest: c.$4.8bn in proforma
Largest in Zambia
Exchequer FY2012 (incl $2.8bn by Cairn India)

Contribution to Community programmes benefiting 2.8mn Community programmes benefiting
Society people across 1006 villages 150,000 people across 3 countries

Employees Largest employer in several states Largest private-sector employer in Zambia


Business and Operations
M.S. Mehta
Chief Executive Officer

Delivering Growth
Color Key
Group
Zinc-Lead
Copper
Aluminium
Power FY2010 FY2012
FY
Iron Ore Acq VS Dempo 2012
Oil and Gas Group Structure
Cmd KDMP Mid-shaft loading Simplification ancd
FY Acq Cairn India
Cmd 210kt Zn smelter
2011
Exp RA mine to 6mt Acq Liberia iron ore assets
FY2011
Cmd 350t Ag refinery
FY2004 FY2008 Acq Zinc Intl
FY Cmd 100kt Dariba Pb
Ancd 1mt Cmd 170kt Zn 2010 Cmd 1.5mt mill at smelter
alumina refinery smelter silver-rich SK mine
Cmd 7.5mt Nchanga East
project at VAL Cmd 80MW CPP at Cmd 2,400 MW mill
FY2006 Chanderiya Jharsuguda power
Pre-IPO FY Dbn TLP to 75kt
Cmd 170kt Zn and 2009
1997: Cmd 50kt Pb smelter, Cmd 2nd Co furnace
FY2009
Tuticorin smelter 154MW CPP Exp 274MW wind power
FY Exp RA mine to 5mt
1999: Acq Exp Tuticorin 2008
FY2005
Australia Cu mines smelter to 300kt Cmd 311kt Nchanga
Acq KCM FY smelter, 6mt Konkola
2001 – Acq BALCO
2007 Concentrator
KDMP project
2002- Acq HZL
launched FY First metal at 500kt VAL
2006 Jharsuguda aluminium
FY FY2007 smelter
2005 Abbreviations:
FY Acq Sesa Goa Dbn: Debottlenecked
Pre- 2004 Exp: Expanded
IPO Cmd 245kt Al smelter and 540 Cmd: Commissioned
Vedanta IPO MW CPP at BALCO Ancd: Announced
Acq: Acquired
Dbn Tuticorin smelter to 400kt


Continued Growth and Diversification

FY2004 Proforma FY2012
FY2011
(IPO) with Cairn India for Full Year

Power Aluminium
2% 3%
Oil & Gas
Power Aluminium Copper
38%
4% 7% 13%

Copper
Iron Ore 19%
Aluminium 33%
16%

Copper
29%
Zinc India
55%

Zinc-Int. Zinc India Zinc India
3% 34% 23%

Iron Ore Zinc-Int.
14% 7%

EBITDA: $323mn EBITDA: $3.6 bn EBITDA: $5.4bn

+10x +16x


Oil and Gas

Achieved Rajasthan Gross Production (bopd)

Rajasthan block producing at c.175kbopd

− 7.3bn boe of estimated gross in-place resources

Exploration success ratio c.50%

− FY2012 R&R replacement ratio of 175%

− Exploration success at Sri Lanka, KG Basin

Focus
Significant 300,0001
Rajasthan Block Ramp-up1 part of Basin
240,0001 Potential
− Pipeline debottlenecking and augmentation in CY2013
Barmer Hill
− Development - Bhagyam, Aishwariya; EOR pilot Primarily Further
c.175,000 from MBA
Currently exploration
− 300kbopd basin production potential
Aishwariya
Mangala towards
Exploration – 10 blocks in diverse basins c.150kbopd
125,000 at end FY2013
South Africa JV: c.20,000 sq km in geologically Acquisition Bhagyam
completion upto
proven basin2 40kbopd
Mangala
125kbopd

Notes. 1. Subject to approvals
2. Closure of transaction is subject to South African regulatory approvals


Zinc India

Achieved Refined Zinc – Lowest Quartile Cost Position
5,000
Organic growth: 1mtpa zinc-lead, 16moz silver

Zn Composite cost - c1 cash
4,000
Sustained lowest quartile cost position

cost ($/t)
3,000
25+year mine life with 10%+ grades
2,000

1,000 HZL
Focus ($ 342/t)1

0
Operational efficiency and capacity utilization 25% 50% 75%
Cumulative Production (Percentile)
− Significant near term upside in silver and lead Source: Wood-Mackenzie for Zinc C1 cost curve;
1 Zinc India FY2012 COP of $342/t calculated as per Wood-Mackenzie methodology. Zinc India
remains in the First Quartile based on reported FY2012 COP of $834/t, which does not consider
credits for silver and lead.
Continue to add more R&R than depletion at existing
Operating Performance
mines Zinc-Lead Metal Production (kt)
kt Zinc reported COP excluding royalty ($/t) $/t
Zinc LME ($/t)
Additionally, large-scale exploration across India 1000 4,000
900 3,500
covering over 20,000 sq km 800
3,000
700
Feasibility study underway for next leg of growth 600 2,500

500 2,000
400 1,500
300
1,000
200
100 500

0 0
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12


Zinc International

Achieved 2012e Production (kt) Mine Life

Business acquired in FY2011, stable operating Rampura-Agucha 710 25+

performance Red Dog
Century
R&R: Mine life extended at all three assets
Mount Isa Pb/Zn
San Cristobal
Antamina
Focus
Brunswick
Further mine life extension at existing operations McArthur River
Tara
Gamsberg project (186mt)
Penasquito
− 20 year mine life at 400ktpa zinc production Vazante
Lanping
− Feasibility study to complete in current quarter
Lisheen 168

− Targeting production in 2 years Skorpion 164

Gamsberg… 400 20+

0 500 1000

Source: Wood-Mackenzie


Iron Ore

Achieved Vedanta Liberia Iron Ore
Significant expansion since acquisition Asset Type R&R

Mano River Brownfield 80 mt
Sustained lowest quartile cost position
Bea Mountain Greenfield 923 mt
R&R: 68mt net addition in FY2012 Bomi Hills Brownfield 50 mt

Distance 0 50 100
− 374mt total R&R, implying 18+ year mine life1
key(km)
Liberia iron ore assets acquired:
Liberia
− Aeromagnetic study and initial drilling indicates
Vedanta Mount Nimba
(ArcelorMittal)
significant upside to the resource base estimate
Mano River
of 1bn tonnes Bea Mountain
Bomi Hills Proposed
Simandou
Focus Bong Railway
Robertsport (Wuhan
Monrovia Steel)
India
Putu
Buchanan (Severstal)
− Goa: Expanding roads and developing new
corridors to mitigate logistics bottlenecks Dida

Asset Key Greenville
− Karnataka: Process underway to resume mining Major Roads
Railway
Other Iron Ore Mines
Liberia Western Cluster Mines

− First shipment in FY2014
Note: 1. At capacity for current producing assets, subject to approvals; Does not include Liberia


Copper India/Australia

Achieved Lowest Quartile Cost Position
50

Cu smelting net cash conversion cost
One of the most efficient copper smelters globally
40

− Sustained lowest quartile cost position
30

Value addition into copper rods, c.50% in FY12

(c/lb)
20

98%+ copper recovery and efficient by-product Copper India
10 (0 c/lb)
management
0

-10
25% 50% 75%
Focus Cumulative Production (Percentile)
Source: Wood-Mackenzie for Copper Smelting cash cost curve, FY2012 reported net COP for
Copper India
Commissioning of 160 MW CPP
400kt smelter expansion1
Copper Production (kt) Cost Curve Percentile (RHS)
400 100%

300 75%

200 50%

100 25%

0 0%
FY08 FY09 FY10 FY11 FY12
Notes. 1. Subject to approvals


Copper Zambia
Top 12 copper mines by Cu grade of resources (%)
Achieved Underground mine Open pit mine

KOV, DRC (Katanga) 5.1%
Konkola shaft#4 sunk to final 1500m depth
Konkola, Zambia (Vedanta) 3.6%

− Commissioned 2900level high speed tramming facility Kamoto, DRC (Katanga) 3.4%

increasing mine development pace Tenke, DRC (Phelps, Tenke) 3.1%

Projects commissioned in FY2012 Kananga, DRC (Katanga) 2.1%

Nchanga, Zambia (Vedanta) 1.6%
− 2nd Cobalt Recovery Furnace
Tilwezembe, DRC (Katanga) 1.5%

− 7.5mt Nchanga East Concentrator Olympic Dam, Australia (BHPB) 1.1%

Escondida, Chile (BHPB, Rio) 1.1%
− TLP-IV debottlenecking to 75ktpa
Chuquic-amata,Chile(Codelco) 0.9%

Exploration: Maintained track record of R&R replacement Collahuasi, Chile (Anglo, Falconbridge) 0.8%

Grasberg, Indonesia (Freeport) 0.8%
Source: Raw Materials, CPR, company websites

Focus - FY2013 Priorities Operating Performance
Copper Production (kt) Integrated COP (in c/lb, RHS)
3mt West Mill to be commissioned in Q2FY2013 400 300

Accelerate Konkola mine development pace to 60km/year
300
200
Bottom shaft loading at KDMP by Q3
200
− Platform for 25-30% annual growth in mined metal
100
100
Start regular mining at Nchanga Upper Ore Body
0 0
FY08 FY09 FY10 FY11 FY12 FY13e¹
Notes: 1. Production incudes FY2013 est. of 175kt integrated production and Q1
FY2013 custom production annualized to 52kt; COP of Q1 FY2013.


Aluminium and Power
Aluminium - Lower Half Cost Position
Achieved
Aluminium Smelter Costs (C1 Cash Cost Curve)
1mtpa Alumina capacity, 750kt Aluminium capacity with
3,000
1800MW captive power

Al Composite cost - c1 cash cost
− Higher volumes of value added products, 25% increase BALCO
VAL ($ 1,910/t)1
2,000 ($ 1,845/t)1
in FY2012

($/t)
− Aluminium costs in lower half of cost curve without
captive bauxite 1,000

Commercial power: 2,770MW thermal and 275MW wind
0
Focus 25% 50% 75%
Cumulative Production (Percentile)
Committed to an integrated Aluminium Strategy Source: Wood-Mackenzie for Aluminium C1 cost curve, VAL and BALCO shown at
reported costs in Q1 FY2013

− Focus on securing Bauxite
− BALCO 325kt smelter - First metal in Q3 FY2013 Aluminium Production (kt) CoP (in $/t, RHS)
800 3,000
− VAL 1.25mtpa smelter nearing completion and start-up
under review 600
2,000
Power
400
− Commence BALCO 1,200MW and Talwandi Sabo 1,000
1,980MW power plants 200

− 211mt Coal block at BALCO 0 0
FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 Q1
FY13¹
Notes. 1. Q1 FY2013 annualized


Strong Focus on Exploration

Zinc India Zinc-Intl Iron Ore Copper-Zambia Oil & Gas

Added 3x times Added mine life at India R&R increased to R&R replacement
mined out in all three assets 689mt from 457mt ratio of 1.75x in
Added net 68mt in
FY2012 at acquisition FY2012
FY2012, 18 year
Current mine life:
Added 4.8x times mine life2 Rajasthan potential
24+ year mine life
mined out since IPO − Skorpion:
with high grade at resource increased
5+years1 R&R increased from
R&R increased to KDMP to 7.3bn boe gross
190mt 3 at
332mt, from 144mt − BMM: 10+years in place from 6.5bn
acquisition to
at Vedanta IPO − Lisheen: 3years boe
374mt – added 3.4x
25+year mine life times mined out Exploration success
with 10%+grades 186mt Gamsberg
deposit feasibility at Sri Lanka and
Liberia
study underway Nagayalanka
1bn tonnes R&R
17 year R&R life
Aeromagnetic study
and 25,000+metres
drilling indicates
strong potential
upside

Creating Long Term Value through Exploration
Notes: 1. With some additional work for conversion of resources to reserves
2. At capacity for current producing assets, subject to approvals
3. 120mt excluding Orissa from Sesa Goa acquisition, and 70mt from Dempo acquisition


Financials
D.D. Jalan
Chief Financial Officer

Financial Highlights

Track record of delivering strong margins
− Driven by a diversified portfolio of high growth assets
− Cairn India has contributed to the diversity and scale of cash flow generation
Substantially invested projects to drive free cash flow
Progressive dividend policy, CAGR of 17% over the last 5 years

FY2012
proforma with
$mn or as stated Cairn FY2012 FY2011
EBITDA 5,353 4,026 3,567

EBITDA margin1 (%) 46.7% 40.6% 44.6%

Underlying Attributable PAT2 571 387 715

Underlying EPS($/share)2 2.09 1.42 2.63

Free Cash Flow before Growth Capex 3,128 2,534 2,347

Growth Capex3 2,728 2,398 2,517

Total Dividend (USc/share) 55.0 52.5
Notes: 1. Excludes custom smelting operations
2. Based on profit for the year after adding back special items and other gains and losses, and their resultant tax and minority interest effects
3. Excludes sustaining capex


Strong Financial Profile

Cash and Liquid Investments of $6.9bn, with additional $2.9bn undrawn lines of credit

FY2012 Proforma Net Debt:EBITDA including Cairn of 1.9x; Credit ratings of BB/Ba3/BB1

Debt Maturity Profile ($bn)2

$1.7bn - Bridge loan to be rolled over into long term facilities
$0.7bn - Revolving working capital facility
$0.4bn - Refinanced 4.5
4.1 $0.3bn - To be repaid through internal cash flows

US$1bn maturities at plc in FY2013:
$550mn refinanced to date 3.2
2.3
2.7 0.3
2.4
3.1
0.5
1.3

3.0
1.5
0.7 2.2
1.3
1.0 0.4
0.5 0.1 0.3
FY2013 FY2014 FY2015 FY2016 FY2017³ FY2018 and later

Debt at VED plc Debt to be transferred from VED plc to Sesa Sterlite Debt at Subsidiaries

Notes: All information as of 31 March 2012, except information on refinancing
1. Issue credit Ratings as per S&P, Moody’s and Fitch respectively
2. Debt numbers shown at face value
3. Includes convertibles at Vedanta Plc of $883mm due in FY2017 (with a put option in April 2013) and $1,250mm due in FY2017 (with a put option in July 2014)


Group Simplification to Reduce Debt at plc

Debt Service Liability at plc ($bn)

Post group structure simplification, debt service 10 9.8

liability at plc reduces by 61% to $3.9bn

Intercompany
receivable created
at Vedanta,
Debt service cost at Vedanta reduces from from Sesa Sterlite

$500mn to $190mn in FY2013 (2.8)
Debt transferred to
Sesa Sterlite;
guarantee continued
by Vedanta
5
Payout-based dividend policies at subsidiaries to
3.9
result in significantly higher dividends to plc
(3.1)

0
Service Liability Service Liability
Pre Transaction Post
Transaction

Note: Numbers as of 31 March 2012


Sustainable Development
Tony Henshaw
Chief Sustainability Officer

Sustainability Model

Embed sustainable development into every aspect of what we do

To improve our health and safety performance for a safer, more secure and healthier

environment

To contribute further and in a more targeted way to local communities

To continue to manage and minimize our impact on air, water and land

To maintain a dialogue with stakeholders to help us further understand what is needed to help

support a sustainable society and planet


Responsible Stewardship – Health & Safety

Health Safety

Investing in technologically advanced Goal is to reach & sustain “Zero Harm”
processes that reduce possible 48% reduction in LTIFR in last five
exposure levels at work area years
Focused programme on elimination of
Regular medical check ups - Over unsafe conditions across units
87,000 medical examinations conducted Exco sub-committee on sustainability
in FY2012 formed - current focus is on safety
performance
Monitoring and review of industrial 134,000 man hours of safety training
hygiene parameters such as noise imparted last year
exposure, illumination levels and Targeting LTIFR less than 0.80 in
manual handling FY2013 and less than 0.50 by FY2016

LTIFR
-48%

1.9 1.7 1.5
1.1 1.0

FY 2008 FY 2009 FY 2010 FY 2011 FY 2012

Vedanta is committed to providing a safe, injury-free and healthy place to work


Responsible Stewardship – Environment

Water
Doubled water recycling to 55.7MCM in FY2012
14.5MCM of rainwater harvested in FY2012

Energy
Energy saving target for FY2013 is 3.9mn GJ,
equivalent to 120MW power station

Climate Change
274MW wind power capacity
61MW generated from waste heat
16.2% decrease in GHG emissions (scope 1 & 2)
per total revenue

Solid Waste
More than 70% of non-hazardous waste
generated is constructively utilised
Extensive research with best institutes in India
to constructively utilize Jarofix and Red mud

Vedanta is committed to mitigating the environmental impact of our activities


Adding and Sharing Value – Our Communities

Community programmes reaching 3.1 million
people in India and Africa

Community spend of US$38 million in FY2012

Working in partnership with 149 NGO’s and
academic institutions

Focus areas– Child Care, Education, Women
Empowerment, Sustainable Livelihood , Health
Water & Sanitation and Bio-Investment

US$4.8 billion1 total contribution to Indian
government exchequer in FY2012

350 bed Cancer Research Hospital at Raipur
- US$61mn investment

Working in partnership with our communities is an integral part of our strategy
Notes. 1. On a proforma basis including incl $2.8bn by Cairn India for full year FY2012


Assurance – Scott Wilson

Vedanta sustainability framework of policies and technical standards completed

The framework has been reviewed independently for compliance with the IFC performance
standards, the ICMM guidelines and the UN Global Compact

Scott Wilson – 17 points closed, 6 points awaiting review for closure, 4 to be closed by the end
of year
− Final sign off by June 2013

Formalizing our approach to international standards and best practices


Vedanta Sustainable Development Report 2011-12
.

Please email us at :
sustainability@vedanta.co.in

For more information visit
www.vedantaresources.com/sustainability/
www.vedantaresources.com

Please write to us at :
Vedanta Resources plc
5th Floor, 16 Berkeley street
London W1J3DZ


Summary

Global Diversified Natural Resources Major
World-class portfolio of large, structurally low-cost, scalable assets with long mine-life
Strong financial profile supported by diversified cash flow growth
Delivering industry-leading production growth driven by substantially invested projects
Recent acquisitions provide additional growth options
Focus on additional resources to drive long-term value
Group simplification on track for completion in CY 2012


Our Operations
South Africa Oil and Gas
Site visit covers Jharsuguda, Agucha, Dariba, Sindesar Khurd, Rajasthan O&G, Goa iron ore
• Block-1
Zinc-lead-silver
India • Debari smelter Zinc-lead-silver
• Chanderiya smelters • Black Mountain
• Rampura Agucha mine • Gamsberg
Oil and Gas • Dariba mine, smelters
• Rajasthan • Zawar mine Namibia
• Cambay • Sindesar Khurd mine
• Ravva
• East Coast Zinc-lead-silver
• West Coast • Skorpion
• Sri Lanka
Ireland

Zinc-lead-silver
• Lisheen

Liberia
Iron ore
• Liberia Iron Ore
Assets
Aluminium
• Lanjigarh alumina
refinery Zambia
• Jharsuguda smelter Copper
• Korba smelter and
Iron ore • KCM
power plant
• Goa • BALCO coal block
• Karnataka
Australia
Power Copper
• Talwandi Sabo • CMT
Copper
• Jharsuguda power
• Tuticorin
• MALCO power plant
copper smelter
Sri Lanka


Global Diversified Natural Resources Major

Zinc-Lead-
Oil & Gas Iron ore Copper Aluminium Power
Silver

Country and Positioning

India, Ireland,
India, Sri Lanka, Zambia, India,
Namibia, South India, Liberia India India
South Africa1 Australia
Africa

World class Zambian
One of India’s largest Largest Indian operations, Indian
Largest integrated Strategically located One of the largest
private crude oil private iron ore custom smelter
zinc-lead producer large-scale assets producers in India
producers producer-exporter among lowest cost
smelters globally

Capacity
1.5mtpa, India: 400ktpa, 3.8GW,
175kbopd, 21mtpa1 740ktpa,
16moz silver upto 800ktpa1 upto 8.6 GW
upto 300kbopd1 +Liberia upto 2.3mtpa
+Gamsberg Zambia upto 400ktpa (3.9GW commercial)

Growth profile

Gamsberg - one of 2013:c.240kbopd1 36mtpa capacity India: 400ktpa BALCO 325ktpa 1.98GW Talwandi
the largest from Rajasthan expansion expansion1 first metal in Q3 Sabo by FY2014
undeveloped zinc FY2013
300kbopd1 basin Liberia project, KCM ramping up
deposits: 186mt
potential shipment from 1st to 400ktpa BALCO 1200MW
at 6.9% grade
phase in FY2014 first unit sync by
Q2 FY2013

Well Invested Asset Base driving Growth
Notes: 1. Subject to approvals


Oil & Gas - Assets
Snapshot of Assets Working Interest

Hydrocarbons Reserves and
Oil and Assets – Gross 2p Initially In-place Resources Working
(i.e. Gross Proved and Probable) (mmboe) (mmboe) Block Interest

Rajasthan Block (RJ) - MBA Fields 2,090 636 Rajasthan

Rajasthan Block (RJ) - MBA EOR - 308 RJ-ON-90/1# 70 %

Rajasthan Block (RJ) - Other Fields 2,088 178 East Coast

Rajasthan Block (RJ) - Total 4,178 1,122 KG-DWN-98/2 10 %

Ravva Fields 690 70 KG-ONN-2003/1 49 %

CBOS/2 Fields (in Cambay Basin) 182 13 PKGM-1 (Ravva)# 22.5 %

Other Fields 792 426 KG-OSN-2009/3* 100 %

Total 5,842 1,631 PR-OSN-2004/1* 35 %

West Coast
Highlights
CB/OS-2# 40 %
Three operating blocks
MB-DWN-2009/1* 100 %
− RJ current production at c.175 kbopd
Sri Lanka
− Basin potential of 300 kbopd
− Two mature blocks, effort ongoing to arrest the decline rate SL 2007-01-001 100 %

Worlds’ longest continuously heated and insulated pipeline South Africa (SA)

10 blocks under exploration Block 1** 60 %

− Exploration success ratio c.50%
R&R Life: 17 years
Q1 FY 2012-13:
− Average Daily Gross operated production at 206,963 boe
− Cairn Working Interest production at 127,226 boe

# Producing Blocks; *Under Force Majeure; ** Farm in agreement signed on 16 August 2012, subject to South African regulatory approvals


Zinc India - Assets
Snapshot of Assets
Reserves Resources Reserve Reserve Capacity- Ore
Mining Assets (mt) (mt) Grade-Zn Grade-Pb (mtpa)

Rampura Agucha Mine 69.3 41.1 13.7 % 1.9 % 6.2

Sindesar Khurd Mine 21.6 59.8 4.5 % 2.7 % 2.0

Rajpura Dariba Mine 8.8 43.5 6.3 % 1.7 % 0.9

Zawar Mines 7.8 64.1 3.6 % 2.0 % 1.2

Kayar Mines 1.8 9.5 12.6 % 1.8 % 1.0 *

Bamnia Kalan Mines - 5.1 - - NA

Total 109.3 223.1 10.6 % 2.0 % 10.3

Capacity- Capacity- Capacity- Capacity
Refined Refined Lead Capacity- Captive Total Zinc-
Other Assets Zinc (kt) (kt) Silver (t) Power (MW) Lead (kt)

Chanderiya Smelting Complex 525 85 168 234 610
Highlights
Pyrometallurgical Lead Zinc Smelter 105 35 168 - 140

Hydrometallurgical Zinc Smelter 420 - - - 420
Capacity:

AusmeltTM Lead Smelter - 50 - - 50 − 1mtpa integrated zinc-lead
Dariba Smelting Complex 210 100 - 160 310 − 16moz integrated silver
Hydrometallurgical Zinc Smelter 210 - - - 210 High-grade mining assets
Lead Smelter - 100 - - 100
300+mt R&R,
Debari Smelter - Hydrometallurgical
88 - - - 88 Supports long mine life of 25+
Zinc Smelter −
Pantnagar Silver Refinery - - 350 - -
years

Zawar Mining Complex - - - 80 - Smelters and refineries located in
close proximity to mines
Total 823 185 518 474 1,008

Note: * Refers to 1mtpa Kayar mine project which is under development and is not considered in total capacity


Vedanta Resources Plc India Operations Site Visit: Corporate Presentation

Vedanta Resources Plc India Operations Site Visit: Corporate Presentation

Empfohlen

Empfohlen

Weitere ähnliche Inhalte

Andere mochten auch

Andere mochten auch (20)

Ähnlich wie Vedanta Resources Plc India Operations Site Visit: Corporate Presentation

Ähnlich wie Vedanta Resources Plc India Operations Site Visit: Corporate Presentation (20)

Kürzlich hochgeladen

Kürzlich hochgeladen (20)

Vedanta Resources Plc India Operations Site Visit: Corporate Presentation